Freeport-McMoRan Inc

FCX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Raising Freeport-McMoRan's FVE by 7% Driven by Higher Copper Volumes, Lower Unit Cash Costs

Jon Mills

Jan 28, 2026

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

Raising Freeport-McMoRan's FVE by 7% Driven by Higher Copper Volumes, Lower Unit Cash Costs

Business Strategy and Outlook

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