Freeport Mcmoran

What Freeport Mcmoran does

Freeport-McMoRan Inc. (NYSE: FCX) is the world's largest publicly traded copper company and the world's largest molybdenum producer, headquartered in Phoenix, Arizona. The company operates large-scale open-pit and underground copper mines integrated with smelting and refining, producing copper (cathode and concentrate), gold, silver, and molybdenum across three regions: North America (Arizona, New Mexico, Colorado), South America (Cerro Verde in Peru; El Abra in Chile, 51%-owned), and Indonesia (the Grasberg complex via PT Freeport Indonesia). Notable technical components include autonomous haulage systems at Bagdad, AI-driven copper recovery from waste rock, a remote-control crawler inspection system at Grasberg Block Cave, and an enterprise data analytics platform supporting predictive maintenance and operational efficiency.

The company sells its products primarily through direct sales to industrial customers — cable and wire manufacturers, construction companies, automotive OEMs, electronics/semiconductor manufacturers, AI data center operators, and clean energy developers — supplemented by commodity trading intermediaries and exchange-based pricing on the LME and COMEX. Revenue is transaction-based on commodity volumes, with Q1 2026 revenue of $6.23 billion (+8.8% YoY) and full-year 2025 revenue of $25.9 billion. Freeport-McMoRan also returns capital through a performance-based dividend (base + variable components) and is positioning itself as the primary equity proxy for copper exposure tied to AI infrastructure (50,000 tons of copper per AI data center versus 5,000-15,000 tons for traditional facilities), grid electrification, and EV demand — a thesis supported by 116 million metric tons of copper equivalent reserves, roughly 2.6x larger than its closest publicly traded peer Southern Copper, and ~70% U.S. refined copper production share that benefits from Section 232 tariffs and critical mineral designation.

Name

Freeport Mcmoran

Legal name

Freeport-McMoRan Inc.

Website

https://fcx.com

Company type

Public

Founded year

1912

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Freeport-McMoRan Inc. is the world's largest publicly traded copper producer, mining copper, gold, silver, and molybdenum from operations in North America, South America, and Indonesia for global industrial customers in construction, clean energy, automotive, electronics, and AI infrastructure markets.

Ownership category

akta.pro rank

Product category

Copper Mining

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Gold Ore and Silver Ore Mining (212220)

SIC

Metal Mining (1000), Gold And Silver Ores (1040), Primary Smelting & Refining Of Nonferrous Metals (3330)

akta.pro primary industry

Copper Ore Mining (Open-Pit & Underground) (IMAKADAB)

akta.pro secondary industries

Copper By-Products Recovery (Molybdenum, Gold/Silver, Sulfuric Acid) (IMAKADAH), Copper Pyrometallurgy (Smelting, Converting) (IMAKADAE), Gold Mining (IMAKAEAA)

Keywords

• Copper mining
• Molybdenum production
• Gold extraction
• Smelting and refining
• Mineral processing

Headquarters

HQ city

Phoenix

HQ country

United States

HQ region

North America

Offices19 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D

Revenue model

1. Copper Sales: Freeport-McMoRan generates the majority of its revenue from selling copper cathode and copper concentrate to industrial customers including cable and wire manufacturers, construction companies, and clean energy developers. Copper is priced against London Metal Exchange (LME) and COMEX benchmarks. The company reported Q1 2026 revenue of $6.2 billion.
2. Gold and Silver Sales: Gold and silver are produced as by-products of copper mining operations. Gold sales provided meaningful revenue contribution, with Grasberg district producing significant ounces alongside copper. Precious metals revenue helps diversify commodity exposure.
3. Molybdenum Sales: Freeport-McMoRan is the world's largest molybdenum producer. Molybdenum is sold as a co-product for use in steel alloys, catalysts, and other industrial applications.
4. Dividends to Shareholders: The company returns capital to shareholders through a performance-based dividend framework comprising a base dividend ($0.075/share) and a variable dividend ($0.075/share). The Board declared $0.15 per share quarterly dividend in June 2026, with dividend yield at approximately 1.05% and ~29% dividend growth over the prior twelve months as of Q1 2026.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Freeport-McMoRan is a leading international mining company that extracts and produces copper, gold, molybdenum, silver, and cobalt. The company operates large-scale open-pit and underground mines across North America, South America, and Indonesia, with integrated smelting and refining capabilities to convert ore into refined metal products for industrial customers.

Product overview

Freeport-McMoRan is a leading international mining company focused on copper, gold, and molybdenum extraction. The company's operations span three regions: North America (with major copper mines in Arizona, New Mexico, and Colorado plus smelting/refining in Arizona and Texas), South America (Cerro Verde in Peru and El Abra in Chile), and Indonesia (Grasberg mine). Freeport-McMoRan operates as a single unified mining and metals production business rather than a platform-plus-modules architecture. The portfolio includes copper mining operations, gold and molybdenum byproducts, smelting and refining (Atlantic Copper in Spain), and the Climax Molybdenum brand for molybdenum chemical products. Freeport Cobalt in Finland represents a separate specialty chemicals business producing cobalt products for battery applications.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Freeport-McMoRan stock gained 73% year-to-date as of mid-June 2026, driven by copper price strength and structural demand growth from AI infrastructure and energy transition.
• +5 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Codelco (Corporación Nacional del Cobre de Chile)coreStrategic or Co-development Partner · 1 January 2026Freeport-McMoRan holds a 51% interest in the El Abra mine in Chile, with Codelco holding the remaining 49%. The two companies are co-developing the $7.5 billion El Abra continuity/expansion project, which entered environmental review in 2026. Codelco is also evaluating whether to retain or divest its 10% stake in Quebrada Blanca (operated by Teck) as part of its strategic asset review. El Abra is one of FCX's key expansion pipeline assets with approximately 20 billion recoverable pounds of copper.
• Amarc Resources Ltd.minorStrategic or Co-development Partner · 1 January 2026Amarc Resources is advancing its JOY and DUKE porphyry copper-gold districts in British Columbia under a joint venture partnership with Freeport-McMoRan. Tom McMillan was appointed VP of Investor Relations to support Amarc's strategy to expand investor awareness in North America and Europe.
• Zanskar (Geothermal Developer)coreTechnology or Integration · 1 January 2026Zanskar, a geothermal exploration company, is partnering with Freeport-McMoRan on the MILESHIGH Project at Morenci and Safford mines in Arizona. The project received an $80 million US DOE grant out of a $175M total cost. The Arizona Oil and Gas Conservation Commission approved new geothermal exploration wells in Greenlee County as part of the project to directly power Freeport-McMoRan's Morenci Mine with geothermal energy.
• Government of ChilecoreOthers · 1 January 2026The Chilean government, under new chairperson Bernardo Fontaine appointed by President Jose Antonio Kast's government, is conducting a comprehensive 3-to-4-month review of Codelco's investment priorities, including potential asset sales and partnerships. Chile announced plans to accelerate mining permit approvals to unlock $100B+ in mining investment, simplifying ~200 procedures and cutting processing times by 30%. Freeport-McMoRan's $7.5 billion El Abra expansion project is entering environmental review as part of this initiative.
• Government of Indonesia / PT Freeport IndonesiacoreOthers · 1 January 2026PT Freeport Indonesia submitted a draft agreement to the Indonesian government in June 2026 for the divestment of a 12% stake as part of securing an extension of its Special Mining Business License (IUPK) beyond 2041. The stake transfer is linked to a February 2026 MOU signed in Washington, D.C., covering continuation of operations at the Grasberg mine in Central Papua, along with commitments to local community development, increased exploration spending, and domestic value-added processing.
• Max Resource Corp.minorStrategic or Co-development Partner · 1 January 2024Freeport-McMoRan is funding exploration at Max Resource Corp.'s Sierra Azul copper-silver project in northeastern Colombia under a $50 million earn-in agreement to earn up to an 80% interest in the project. Field teams are advancing toward drill target definition at the project, where high-grade chip channel sampling expanded the mineralized footprint to over 8 km².

Scale indicators16 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• KGHM Polska Miedź: KGHM is one of the world's largest silver and copper producers, with integrated mining, smelting, and refining operations in Poland. It overlaps with FCX in copper cathode production, silver byproduct exposure (FCX produced 22M oz silver in 2023), and integrated smelting.
• Teck Resources: Teck Resources operates the Quebrada Blanca copper mine in Chile (where Codelco holds a 10% stake) and is a major copper/zinc producer. It competes with FCX in Chilean copper and is mentioned in the data as relevant to Codelco's strategic asset review.
• Antofagasta plc: Antofagasta is a Chile-based copper miner (Los Pelambres, Centinela, Antucoya, Zaldivar) that competes with FCX's South American portfolio, particularly El Abra. Comparable in scale of copper production and similar in Latin American operating exposure.
• Codelco: Codelco is Chile's state-owned copper producer and the world's largest copper producer by volume. It holds 49% of El Abra alongside FCX, making it both a direct competitor and a JV partner in one of FCX's key growth assets.
• Southern Copper Corporation: Southern Copper is the closest publicly traded peer to Freeport-McMoRan: it is one of the world's largest integrated copper producers with mines in Peru, Mexico, and Chile. The data notes FCX's reserves are ~2.6x larger than Southern Copper's 44M metric tons, making it the most directly comparable benchmark for copper mining economics and reserve depth.
• First Quantum Minerals: First Quantum is a pure-play copper miner with major operations including Cobre Panamá (currently suspended), Kansanshi, and Sentinel. It competes directly with FCX in copper concentrate markets and is similarly exposed to copper price cyclicality and emerging market operating risk.

Broad incumbents

• Glencore plc: Glencore is one of the largest copper producers globally (Antapaccay, Las Bambas, Mount Isa) and the world's largest commodity trader, overlapping directly with FCX's distribution channels and copper offtake markets. Trading and marketing arm provides additional vertical integration.
• Anglo American: Anglo American is a diversified miner with growing copper exposure (Quellaveco in Peru, Collahuasi JV). It competes with FCX in copper concentrate markets and Latin American operations while also producing diamonds, platinum, and iron ore.
• Rio Tinto Group: Rio Tinto is one of the world's largest diversified miners with material copper exposure (Kennecott, Oyu Tolgoi). It competes with FCX in tier-1 copper asset development and global copper concentrate markets but operates a broader iron ore, aluminum, and minerals portfolio.
• BHP Group: BHP is a major diversified miner with significant copper operations (Escondida, Pampa Norte, Olympic Dam). It competes with FCX for tier-1 copper resources, offtake customers, and investor capital, but is more diversified across iron ore, copper, coal, and potash.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/fm_fcx
• YouTubeyoutube.com/@freeportfcx
• Facebookfacebook.com/FreeportFCX
• LinkedInlinkedin.com/company/1100944
• Instagraminstagram.com/freeportfcx

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Freeport Mcmoran