Freeport-McMoRan Faces Stock Downgrades Amid Grasberg Mine Incident

Freeport-McMoRan's stock has been downgraded by Bank of America and BMO Capital following a recent incident at the Grasberg mine, raising concerns about the company's operational stability and future profitability. RBC maintains its rating, but the situation underscores the risks investors face in the mining sector, particularly regarding safety and regulatory compliance.