Freeport-McMoRan
Price History
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About Freeport-McMoRan
Freeport-McMoRan (FCX) is a copper mining company. Our project database tracks 26 projects for Freeport-McMoRan with technical and economic data extracted from company filings. Its flagship project is Grasberg minerals district, a production-stage underground & open-pit project in Central Papua, Indonesia holding 48,676 M lbs Cu of contained metal.
Overview
Freeport-McMoRan is a leading international mining company with headquarters in Phoenix, Arizona. The company is the world's largest publicly traded copper producer and operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold, and molybdenum.
Operations
Freeport's portfolio includes the Grasberg minerals district in Indonesia (one of the world's largest copper and gold deposits), operations in North and South America including significant open-pit and underground mines in Arizona, New Mexico, and Peru, and a world-class molybdenum operation in Colorado.
Strategy
The company's strategy focuses on safely operating high-quality, long-lived assets, advancing world-class growth projects, maintaining a strong balance sheet, and delivering cash returns to shareholders. Freeport is positioned to benefit from the increasing global demand for copper driven by electrification and energy transition.
Key Projects
Major projects include the Grasberg underground development (ramping up production to replace open pit mining), Lone Star copper project in Arizona, and the El Abra mill project in Chile. The company continues to advance brownfield expansion opportunities across its Americas operations.
Primary Commodities
Project Economics
United States Copper and Molybdenum Operations
South America Copper Operations (Cerro Verde and El Abra)
Grasberg Minerals District (PTFI)
Grasberg Natural Gas Power Plant
Morenci Mine
- Mineral Reserves
- Total Reserves (100%): 12,730 M Tons (11,548 Mt) at 0.23% Cu, 0.00% Mo; recoverable metal: 11,822 M lbs Cu, 226 M lbs Mo. Based on $3.25/lb Cu, $14/lb Mo.
- Mineral Resources
- Total Resources (100%, exclusive of reserves): 4,975 M Tons (4,513 Mt) at 0.21% Cu, 0.01% Mo; contained metal: 21,108 M lbs Cu, 1,021 M lbs Mo. Based on $3.75/lb Cu, $17/lb Mo.
Henderson
United States (AZ, NM, CO)
Tyrone
South America (Peru, Chile)
Sierrita
Safford/Lone Star
PTFI Copper Smelter and Precious Metals Refinery
PT Smelting (Copper Smelter and Refinery)
Miami
Atlantic Copper smelter & refinery
Grasberg minerals district (Indonesia)
El Paso refinery & rod mill
Climax
Chino
Bagdad
Grasberg minerals district
- Mineral Reserves
- Total Mineral Reserves (100%): 1,621 M Tons, 1.03% Cu, 0.76 g/t Au, 4.12 g/t Ag, 30,833 M lbs Cu, 26,295 k oz Au, 121,299 k oz Ag
- Mineral Resources
- Total Mineral Resources (100%): 3,256 M Tons, 0.68% Cu, 0.56 g/t Au, 3.77 g/t Ag, 48,676 M lbs Cu, 58,888 k oz Au, 394,584 k oz Ag
Morenci Mine - Note
Grasberg minerals district (GBC, DMLZ, Big Gossan)
- Mineral Reserves
- Reported in Table 1.1 (not included in extracted text)
- Mineral Resources
- Reported in Table 1.2 (not included in extracted text)
Grasberg (Grasberg Block Cave, DMLZ, Big Gossan, Kucing Liar)
- Mineral Reserves
- See Table 1.1 – Summary of Mineral Reserves (not disclosed in provided text). Prices: $2.50/lb Cu, $1,200/oz Au, $15/oz Ag.
- Mineral Resources
- See Table 1.2 – Summary of Mineral Resources (exclusive of reserves). Prices: $3.00/lb Cu, $1,200/oz Au, $20/oz Ag.
Cerro Verde Mine
- Royalties / Streams
- Peruvian mining royalty tax; 32% income tax under Stability Contract
Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.
How the Economics Evolved
Grasberg Minerals District
32 studies on recordEconomics as disclosed in each successive study. NPV shown in US$ where a currency conversion is available (at each study's own period rate), else in the study's stated currency. Verify against the source filings.
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Financial Metrics
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Frequently Asked Questions
- What does Freeport-McMoRan mine?
- Freeport-McMoRan is focused on Copper, Gold, Molybdenum.
- What is Freeport-McMoRan's flagship project?
- Grasberg minerals district, a production-stage project in Central Papua, Indonesia.
- How many projects does Freeport-McMoRan have?
- We track 26 projects with extracted technical and economic data for Freeport-McMoRan.
Project Analysis
Cerro Verde Mine Production Update: $4.90B Capex
Freeport-McMoRan's Cerro Verde Mine in Arequipa, Peru has a production guidance outlining initial capital of $4.90B.
Grasberg Natural Gas Power Plant Project Economics: $1.00B Capex
Freeport-McMoRan's Grasberg Natural Gas Power Plant in Indonesia, Central Papua has an economic study outlining initial capital of $1.00B.
Grasberg minerals district Feasibility Study: $14.50B Capex
Freeport-McMoRan's Grasberg minerals district in Central Papua, Indonesia has a Feasibility Study outlining initial capital of $14.50B.
Press Releases
Freeport-McMoRan (FCX) Earns Another Higher Target As Copper Optimism Builds
With a short percentage of shares outstanding of 1.94%, Freeport-McMoRan Inc. (NYSE:FCX) is among the 9 Best Silver and Copper Stocks to Buy for the EV Transition. On May 21, Daniel Major, analyst of UBS, raised the firm’s price target on Freeport-McMoRan Inc. (NYSE:FCX) to $75 from $74 while maintaining a Buy rating on the shares. On May 15, Deutsche Bank raised its price […]
Is It Too Late To Consider Freeport-McMoRan (FCX) After Its Strong Multi-Year Share Price Run?
Wondering whether Freeport-McMoRan's current share price still offers value, or if most of the easy gains are behind it, starts with understanding how the market is actually pricing the business today. The stock last closed at US$71.72, with returns of 11.4% over the past week, 26.8% over the past month, 38.1% year to date, 80.3% over 1 year, 97.8% over 3 years, and 85.6% over 5 years. These price moves are drawing fresh attention to Freeport-McMoRan as investors reassess what they are...
Copper Tops $14,000 With Banks Calling for Even More Upside
Goldman Sachs raised its copper price target to $13,735/ton while Citigroup sees $15,000 within a year, citing mine disruptions and tightening global supply.
Watch These 5 Non-Tech Stocks Thriving in 2026 on AI Data Center Boom
ETN, CAT, FCX, GEV and AA are five non-tech stocks benefiting from rising power, infrastructure and metal demand for AI data centers.
Freeport-McMoRan (FCX) Rises Higher Than Market: Key Facts
Freeport-McMoRan (FCX) reached $67.04 at the closing of the latest trading day, reflecting a +2.02% change compared to its last close.
Is Freeport-McMoRan Inc. (FCX) Among the Best Performing Silver Stocks So Far in 2026?
Freeport-McMoRan Inc. (NYSE:FCX) is one of the 10 Best Performing Silver Stocks So Far in 2026. On May 20, 2026, Reuters reported that majority-owned by Indonesia’s state holding and operated by Freeport-McMoRan Inc. (NYSE:FCX), PT Freeport Indonesia said recovery at the Grasberg copper and gold complex is taking longer than expected. The reason is due […]
Reassessing Freeport McMoRan (FCX) Valuation After A Strong 1 Year Return Attracts Renewed Investor Attention
Why Freeport-McMoRan (FCX) is back on investors’ radar Freeport-McMoRan (FCX) has drawn fresh attention after a strong 1 year total return of 70.73% and year to date return of 26.84%. This has prompted investors to reassess the copper focused miner’s recent performance. See our latest analysis for Freeport-McMoRan. The recent 1 day share price return of 3.52% and 7 day share price return of 5.71% have added to a 30 day share price return of 13.16%. However, the 90 day share price return...
Is Freeport-McMoRan (FCX) a Buy as Wall Street Analysts Look Optimistic?
Based on the average brokerage recommendation (ABR), Freeport-McMoRan (FCX) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
Freeport-McMoRan Inc. (FCX) is Attracting Investor Attention: Here is What You Should Know
Recently, Zacks.com users have been paying close attention to Freeport-McMoRan (FCX). This makes it worthwhile to examine what the stock has in store.
Why Wall Street Sees Freeport-McMoRan (FCX) Benefiting From The Electrification Boom
With a five-year EPS forecast of 33.50%, Freeport-McMoRan Inc. (NYSE:FCX) is among the 12 Best Future Stocks to Buy Right Now. On May 21, Barclays initiated coverage of Freeport-McMoRan Inc. (NYSE:FCX) with an Overweight rating and a $77 price target, signaling confidence in the company’s long-term investment case. The initiation reflects optimism surrounding Freeport’s exposure to copper, […]
Quick Facts
- Ticker Symbol
- FCX
- Market Cap
- Large Cap
- Category
- Copper
- Commodities
- Copper, Gold, Molybdenum
- Headquarters
- Phoenix, Arizona, USA
- Founded
- 1912
- Employees
- ~24,000
Operating Countries
Producing Assets
- •Grasberg (Indonesia)
- •Morenci (USA)
- •Cerro Verde (Peru)
- •Bagdad (USA)
- •Safford (USA)
- •Sierrita (USA)
- •El Abra (Chile)
Development Assets
- •Lone Star Copper (USA)
- •Grasberg Underground (Indonesia)
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.