Freeport-McMoran’s $2.65 billion asset sale, despite being a good move, is scaring its investors. The company sold a stake in its Tenke Fungurume mine, a necessary move for FCX to stabilize its balance sheet. Copper and other metal prices may fall again. A temporary positive sentiment helped fuel the rebound in commodities market, along with mining stocks. Should that end, Freeport would be in a worse position for paring some of its assets and lowering its debt levels. FCX’s sale is still painful. It is selling a core asset, not a peripheral one. The sale will negatively impact future earnings. The bigger headwind for Freeport and other miners, like Joy Global (JOY) and Vale (VALE) is metal pricing. Copper and oil prices dropped today (May 9), triggering the 10.8 percent drop in FCX’s stock. At $10, FCX may find support, holding the upward trend that formed starting at the beginning of the year.