Freeport-McMoRan Inc. (FCX)
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Freeport-McMoRan: copper upside still has to survive the mining cycle
Freeport-McMoRan reported 2025 revenue of $25.9 billion and first-quarter 2026 revenue of $6.2 billion. The thesis depends on copper demand, operating cost control, mine execution, capital intensity, commodity prices and balance-sheet discipline.
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