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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.
The last of the Magnificent Seven have reported, delivering mixed results. Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded.
14:43, 2 February 2024
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