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Freeport McMoRan Enjoys Surge in Copper Market, No Plans to Approve New Projects in Near Future

metals_minerals

Industry Segment: Metals & Minerals | Word Count: 803 Words
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SUGAR LAND--March 3, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--With the rally in global copper prices and the ramping up of mining operations in Indonesia, it is a "special time" for global miner Freeport-McMoRan Incorporated (NYSE:FCX) (FCX) (Phoenix, Arizona), according to Chief Executive Officer and President Richard Adkerson. And while the company has ample expansion opportunities in North America and elsewhere, it has no plans to approve new major projects this year, he said on Monday at the BMO Capital Markets 30th Global Metals & Mining Conference. Industrial Info is tracking $8.44 billion worth of active capital mining-related projects in various stages of development by Freeport-McMoRan.

Within this article: Status of Freeport-McMoRan

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