Freeport-McMoRan: Geopolitical & Diversification Strategy To Shape the Future! 

Freeport-McMoRan’s recent earnings call provides a detailed overview of the company’s financial and operational performance, highlighting both strengths and areas of concern. For the year 2024, Freeport-McMoRan delivered solid operational performance, with sales targets largely met and unit costs slightly improved from the prior year. The company recorded an EBITDA of $10 billion, a 14% increase from 2023, and operating cash flows of over $7 billion, marking a 35% improvement. The average copper realization was $4.21 per pound, supported by strong pricing. From an operational standpoint, management emphasized the importance of execution, with continuous improvement and value creation as primary focuses. The team highlighted a significant capacity for organic growth, with a goal of reaching a 300 million-pound run rate in copper by the end of 2025, aiming for 800 million pounds by 2030.