Yahoo · Nov 7, 2026
Is Freeport McMoRan (FCX) About To Transform U.S. Copper Supply With $4.5 Billion?
Freeport-McMoRan (NYSE:FCX) approved a US$4.5b expansion at its Bagdad copper and molybdenum mine in Arizona. The Bagdad project is expected to more than double current output once the enlarged operation is fully up and running. The buildout includes deployment of autonomous mining fleets aimed at improving operating efficiency and unit costs across the site. The US$4.5b Bagdad expansion comes as US policymakers focus on domestic supplies of critical minerals such as copper for energy and...


