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Freeport-McMoRan Inc. (FCX) is an American mining company located in Phoenix, Arizona. Founded in 1912, the company is a significant producer of copper, gold and molybdenum, cobalt, oil and gas. FCX conducts large-scale and geographically diverse mining operations in Indonesia (the Grasberg minerals district), North America (the Morenci minerals district) and South America (the Cerro Verde mine). Freeport-McMoRan’s stocks are traded on the New York Stock Exchange (NYSE). The company’s global workforce includes approximately 75,000 people.
Bank of England (BoE) cut rates for the first time in August 2024, with further easing expected in the coming months. But how low are rates likely to go?
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