Freeport-McMoRan revenue hits $6.71 B as copper demand strengthens

Freeport-McMoRan reported third-quarter revenue of $6.71 billion, up 8% sequentially, with net income climbing 20% amid surging copper prices driven by Chinese infrastructure demand. The mining giant cited record production volumes at its Grasberg site and continued cost control as contributors to margin expansion. CFO Kathleen Quirk reaffirmed full-year output guidance and highlighted sustainable mining investments. Analysts said higher copper futures and energy efficiency gains reinforced Freeport’s pricing leverage in the global commodities rebound.