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Price · 180d
$65.71
Thesis
Freeport-McMoRan is one of the largest publicly traded copper producers, with major operations in the Americas and Indonesia. Its earnings are highly leveraged to the copper price, which is tied to electrification and grid demand.
Catalysts
- Copper price strength on supply-demand tightening
- Leaching and brownfield expansion adding low-cost output
- Grasberg production and contract stability