Freeport-McMoRan Projects Significant Copper Sales Growth Through 2028
Freeport-McMoRan (FCX) has provided an optimistic long-term outlook for its copper production, forecasting sales to reach 3.7 billion pounds in 2027 and exceeding 4 billion pounds by 2028. This growth trajectory is supported by steady operational progress at the Grasberg operations, which are targeting 80% utilization rates by mid-2027. Management noted that copper sales have increased consistently over the last three quarters. The company expects the fourth quarter of the current fiscal year to deliver its strongest sales performance to date, signaling robust operational momentum and increasing supply capacity in a key metal market.
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