Freeport-McMoRan CEO states that the recent Supreme Court ruling on IEEPA does not impact Copper, as it falls under Section 232 tariffs which remain intact. While the broader market panics over trade war uncertainty, Copper's fundamentals are driven by secular trends (AI data centers, electrification) and supply constraints. The CEO confirmed they are not stockpiling but selling through to meet intense demand. LONG FCX (Insulated from current tariff chaos + AI infrastructure play). Global recession crushing industrial demand.