Freeport-McMoRan says trade uncertainty affecting near-term macro sentiment

Says tariff and trade uncertainty affecting near-term macro sentiment; Says micro-level fundamentals remain healthy: Recent demand trends in China improving; U.S. demand remains healthy overall with strength in certain sectors offsetting manufacturing slowdown; Signs of improvement in Europe from a low base; Tightly balanced market. Says new uses of copper to support energy infrastructure continue to expand; Says absence of material supply growth; Says favorable long-term fundamental.