Freeport-McMoRan Inc

FCX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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While Freeport-McMoRan Is Likely to Benefit From US Tariffs on Copper, Shares are Overvalued

Jon Mills

Jul 25, 2025

Business Strategy and Outlook

Freeport-McMoRan owns stakes in 10 copper mines including three of the world’s largest: 49% of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona.

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Freeport-McMoRan Inc

While Freeport-McMoRan Is Likely to Benefit From US Tariffs on Copper, Shares are Overvalued

Business Strategy and Outlook

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