Freeport-McMoRan is ramping up copper production across three continents, with no plans to join the industry’s buyout trend. The company, which produces 9% of global copper, is focusing on expanding existing mines, including using a cost-effective leaching process at U.S. mines. Key projects include expansions in the U.S. and Indonesia, while regulatory conditions in Chile have improved. Freeport’s stock is up 30% as investors favor its strategy, driven by rising copper demand for clean energy and technology sectors like AI.
