Rio Tinto to supply copper to Amazon for AI data centers [Yahoo! Finance]
Freeport-McMoRan, Inc. (FCX)
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am
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Source: Yahoo! Finance
The ?move underscores the rampant push by the AI industry for access to supplies of copper ?and other critical minerals that are used to build wiring, cables, circuit boards and other electronic parts. AI sector growth is expected to boost global copper demand 50% by 2040, although analysts have warned supplies could fall far ?short, sparking a rush to ?ensure access. Under the two-year agreement, companies that build parts for Amazon Web Services will use copper produced by Rio's ?Nuton leaching program from a mine owned by Gunnison Copper. The companies did not disclose financial terms or production volumes. Rio did not immediately respond to a Reuters ?request for comment. The Nuton technology uses bacteria that naturally produces heat ?when applied to certain types of rock, helping to extract copper. Rio has been studying leaching for more than 30 years. It named the leaching program "Nuton" after the 17th-century British scientist Isaac Newton, who first developed the
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News
- Freeport-McMoRan (NYSE:FCX) had its price target raised by analysts at BMO Capital Markets from $55.00 to $68.00. They now have an "outperform" rating on the stock.MarketBeat
- Freeport-McMoRan (NYSE:FCX) had its price target raised by analysts at Raymond James Financial, Inc. from $53.00 to $66.00. They now have an "outperform" rating on the stock.MarketBeat
- DR Congo to send US first copper shipments [Yahoo! Finance]Yahoo! Finance
- Freeport-McMoRan: Huge Breakout - Now What? [Seeking Alpha]Seeking Alpha
- Freeport-McMoRan (NYSE:FCX) had its "overweight" rating reaffirmed by analysts at Wells Fargo & Company.MarketBeat
FCX
Earnings
- 10/24/25 - Beat
FCX
Sec Filings
- 1/16/26 - Form 8-K
- 1/2/26 - Form 4
- 1/2/26 - Form 4
- FCX's page on the SEC website