Freeport-McMoRan Posts Strong Earnings Despite Indonesia Shutdown
Freeport-McMoRan Inc. NYSE: FCX reported third-quarter earnings on Oct. 23. The results highlighted the company’s resilient performance despite a temporary halt in operations at its Grasberg mine in Indonesia. This reduced the company’s quarterly copper and gold output. However, the company’s disciplined cost control and a rise in copper prices continue to make the miner an attractive investment based on long-term copper demand. Freeport-McMoRan TodayFCXFreeport-McMoRan2 ...