FreeportMcMoRan, based in Phoenix, Arizona, employs 27,200 people and mines copper, gold, and molybdenum across diverse locations, including the Grasberg district in Indonesia and several North and South American operations. Its key segments include the Morenci and Cerro Verde mines, along with various copper and molybdenum operations.
FCX has been in the news recently: Scotiabank has given Microsoft a buy rating with a target price of $470 per share, highlighting its strong role in the AI sector. Additionally, QXO's shares increased by 4.8% following its announcement of an $11 billion acquisition of Beacon Roofing Supply.
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