Jim Cramer on Freeport-McMoRan: “I Don’t Want to Be There”

3 weeks ago 10

Syeda Seirut Javed

Tue, March 31, 2026 astatine 11:04 AM CDT 2 min read

Jim Cramer gave top penetration connected Freeport-McMoRan Inc. (NYSE:FCX), sharing a crippled program of what to buy, sell, and clasp close now. A nine subordinate requested an outlook connected copper prices, specifically asking astir FCX. Cramer replied:

I person to archer you, I deliberation that copper is peaking. They besides person a golden business, too, but the crushed I say… copper’s peaking is that 1 of the biggest uses of copper is successful the information center, and fibre is replacing a batch of the copper. And by the way, copper was besides successful Chinese, two-thirds of the copper goes to China. They are not gathering similar they utilized to. So I deliberation you’ve got a metallic that I deliberation is precise subpar. I don’t privation to beryllium there.

Stock marketplace data. Photo by Jakub Zerdzicki connected Pexels

Freeport-McMoRan Inc. (NYSE:FCX) is simply a mining institution producing copper, gold, molybdenum, silver, and different metals. Cramer discussed the institution arsenic portion of his crippled program presented connected January 16, arsenic helium commented:

Now, we cognize copper and golden person been red-hot, truthful I person to judge that Freeport-McMoRan, a copper and golden producer, volition get its just stock of wealth coming in. I similar gold, and I deliberation that adjacent up here, it tin inactive beryllium bought. As for copper, it’s a small pricey, but it is needed successful the information center. Look, it’s a twofer. Stock… has tended to spell down aft it reports.

We precocious discussed the champion mineral stocks to put in, and Freeport-McMoRan Inc. (NYSE:FCX) was a portion of it. You tin work much astir it here.

While we admit the imaginable of FCX arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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