Reported 8 days ago
Freeport-McMoRan is ramping up its copper production across three continents while opting out of the current buyout trend in the mining sector. With analysts predicting a 60% increase in global copper demand by 2050, the company plans to leverage leaching techniques at its existing mines, which could lead to substantial cost savings. Freeport's focus on maximizing its assets positions it favorably as it seeks to meet the anticipated surge in demand for copper in the clean energy transition.
Source: YAHOO