- Business
- Freeport-McMoRan Inc. is a leading international metals company that explores for and produces copper, gold, molybdenum, silver and other metals, with core operations in North America, South America and Indonesia. The company is headquartered in Phoenix, Arizona, and was founded in 1987; it operates a portfolio of long-lived assets that includes the Grasberg minerals district in Indonesia, major copper mines in Arizona and New Mexico, the Cerro Verde mine in Peru and the El Abra operation in Chile. Freeport-McMoRan manufactures and sells copper concentrate, copper cathode, continuous cast copper rod, gold in concentrate and anode slimes, molybdenum products and other refined metal outputs; it also operates smelting, refining and downstream processing facilities supporting its integrated copper supply chain. The company serves industrial and manufacturing customers, including wire and cable producers and other metal users, and its business is organized around copper mining, gold production, molybdenum production and copper smelting and refining. In recent periods, Freeport-McMoRan has advanced its organic growth strategy through leach technology initiatives across the Americas, including applications and data analytics to expand low-cost copper production, while pursuing brownfield expansions at Bagdad, Safford/Lone Star and El Abra. In February 2026, the company signed a memorandum of understanding with the Indonesian government to extend operating rights for PT Freeport Indonesia for the life of the resource, including provisions related to future ownership transfer and increased community support in Papua. Freeport-McMoRan has also been restoring and ramping up operations at Grasberg following operational disruption, with phased restart and infrastructure repair work progressing through 2026, while continuing to invest in downstream processing and strategic growth projects in Indonesia and the Americas.