Headquartered in Phoenix, AZ Fiscal year ends December NYSE: FCX fcx.com
Freeport-McMoRan Inc. (FCX) is one of the world's largest publicly traded copper producers, operating large-scale, long-lived, geographically diverse mining assets with significant proven and probable reserves of copper, gold, and molybdenum. The company's portfolio includes the Grasberg minerals district in Indonesia — one of the world's largest copper and gold deposits — along with seven copper operations in the U.S. (including the flagship Morenci mine in Arizona), two copper operations in South America (Cerro Verde in Peru and El Abra in Chile), two primary molybdenum mines in Colorado, and downstream processing facilities including Atlantic Copper smelting and refining in Spain. FCX accounts for approximately 70% of total U.S. refined copper production, positioning it as the dominant domestic copper producer. With the completion of PTFI's downstream processing facilities in Indonesia, the company is a fully integrated producer of refined copper, gold, and silver. FCX also operates U.S. rod and refining facilities. The company is actively pursuing organic copper growth through innovative leaching technologies targeting 800 million pounds per annum by 2030, potential brownfield expansions at Bagdad and Safford/Lone Star in the U.S., a major expansion opportunity at El Abra in Chile, and long-term development of the Kucing Liar deposit in Indonesia. FCX's Grasberg district mine plan projects 6.8 billion pounds of copper and 5.4 million ounces of gold over 2026-2030. Updated
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Freeport-McMoRan Inc. (FCX) is one of the world's largest publicly traded copper producers, operating large-scale, long-lived, geographically diverse mining assets with significant proven and probable reserves of copper, gold, and molybdenum.
24/7 Wall St.'s 12-month price target for FCX is $72.40, rated Hold. The Wall Street consensus target is $77.91. FCX price prediction →
