FREEPORT-MCMORAN INC

Freeport-McMoRan Inc. (NYSE: FCX) is a leading international metals company headquartered in Phoenix, Arizona, with operations accessible at fcx.com. The company ranks among the world's largest publicly traded copper producers, with approximately five percent of estimated total worldwide mined copper production based on net equity ownership.

The company operates a geographically diverse portfolio of large, long-lived mining assets across the United States, South America, and Indonesia. In the U.S., Freeport-McMoRan manages seven copper operations—Morenci, Bagdad, Safford, Sierrita, Miami, Chino, and Tyrone—along with two molybdenum mines at Henderson and Climax in Colorado. The company also operates a copper smelter and rod mill in Miami, Arizona, and a copper refinery and rod mill in El Paso, Texas. South American operations include the Cerro Verde mine in Peru and El Abra in Chile. In Indonesia, the company operates through PT Freeport Indonesia in the Grasberg minerals district, one of the world's largest copper and gold deposits.

For 2025, consolidated revenues comprised copper sales at seventy-five percent, gold at fifteen percent, and molybdenum at eight percent. The company produces copper in multiple forms including concentrate, cathode, and continuous cast copper rod, with approximately one billion pounds of copper rod manufactured annually at U.S. facilities. Three mines—Morenci, Cerro Verde, and Grasberg—collectively accounted for seventy percent of consolidated copper production in 2025.

The company maintains significant proven and probable mineral reserves, with copper reserves allocated as follows: U.S. operations thirty-eight percent, South America forty percent, and Indonesia twenty-two percent. Molybdenum reserves are concentrated in U.S. operations at ninety-four percent combined. The company positions itself as the world's largest producer of molybdenum and molybdenum-based chemicals.

Freeport-McMoRan's competitive advantages derive from the size, quality, and grade of its ore bodies, cost management capabilities, and a diverse portfolio of mining operations with varying ore grades and cost structures. The company demonstrates commitment to responsible production through achievement of the Copper Mark and Molybdenum Mark certifications at all operating sites globally and maintains membership in the International Council on Mining & Metals.