NEW YORK ( TheStreet ) -- Freeport-McMoRan Copper & Gold ( FCX ) continued to rise Thursday to a 52-week high of $38.55 after the company confirmed on Wednesday that CEO Richard Adkerson was still in Jakarta negotiating with the Indonesian government. Adkerson has been talking with the government to try to avoid international arbitration on a copper export dispute. Freeport halted copper production in the country in January after Indonesia instituted an export tax and other mining regulations to urge the company to build processing plants within the country. The stock was up 1.61% to $38.44 at 11:33 a.m. Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.