Company
Freeport-McMoRan
A Phoenix, Arizona-based mining company and one of the world's largest publicly traded copper producers, with major operations including the Grasberg complex in Indonesia and the Morenci and Bagdad mines in Arizona.
Covered in 2 MetalsCost.com News Intelligence articles, most recently on August 12, 2026.
Coverage
Copper
Copper Retests Its Record High as an Indonesian Smelter Goes Down and Aluminum Jumps on a Brazilian Gas Shortage
Copper hit $6.7005/lb, near its record, after a converter leak shut the Indonesian smelter processing Grasberg ore, taking 342,000 tonnes/year offline as aluminum jumped on a Brazilian alumina cut.
Copper
Freeport-McMoRan Beats Q2 Earnings Estimates as Copper's Record Rally Fuels Analyst Upgrades
Freeport-McMoRan's Q2 2026 profit beat Wall Street estimates by 25% as copper prices hit record highs on AI data-center and electrification demand, prompting Scotiabank and Bank of America to raise price targets.
