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Stock impact report

Freeport McMoRan Grasberg Extension Reframes Copper Supply And Risk Outlook [Yahoo! Finance]

Freeport-McMoRan, Inc. (FCX) 
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Freeport McMoRan (NYSE:FCX) has reached a new Memorandum of Understanding with the Indonesian government that extends its operating rights in the Grasberg mining district. The agreement secures continued access to one of the world's largest copper and gold deposits for an extended period. At the same time, the company is bringing new low cost leaching operations online in the U.S. to expand copper output. Freeport McMoRan is a major global producer of copper and gold, and the Grasberg district in Indonesia is one of its cornerstone assets. With global conversations focusing on potential copper supply tightness as demand from electrification and infrastructure remains in focus, control over large, long life resources sits at the center of many investor debates. The new Grasberg agreement and additional U.S. production capacity highlight NY Show less Read more
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