FCX

New Funding Initiatives Propel U.S. Towards Greater Self-Sufficiency in Critical Minerals

Retrieved on: 
Wednesday, May 1, 2024
Lithium, Copper, Uranium, Arcadium, Reuters, Magnetism, Growth, USGS, Congress, MP, Energy & Fuels, OTC, REO, TSX, Gold, EV, Second Continental Congress, Monazite, Calendar, Human back, Electrolyte, Primary energy, MP Materials, Century, Allkem, Government, Quirk, Organization, Miner, OTCQX, CSIS, General Motors, Acquisition, Mining, Security, REE, FCX, Rare-earth element

VANCOUVER, BC, May 1, 2024 /PRNewswire/ -- In an effort to bolster the domestic supply chain for critical minerals and materials, the Biden Administration recently announced a $17.5-million investment to develop more affordable, sustainable production processes throughout the USA. The announcement came just days after the Center for Strategic & International Studies's (CSIS) Project on Critical Minerals Security launch, meant to build the resilient supply chains needed for national, economic, and energy security. These initiatives are meant to build out a more robust supply of the 50 mineral commodities within the current United States Critical Materials List, each representing materials essential to economic and national security, however, for 43 of these critical minerals, the USA imports more than half of its supply. The mining industry is pushing forward to develop these types of commodities with miners making progress, including Ares Strategic Mining Inc. (CSE: ARS) (OTCQX: ARSMF), MP Materials Corp. (NYSE:MP), Energy Fuels Inc. (NYSE-A: UUUU) (TSX: EFR),  Arcadium Lithium plc (NYSE: ALTM), and Freeport-McMoran Inc. (NYSE: FCX).

Key Points: 
  • Among the more overlooked commodities on the critical minerals list is fluorspar , the only non-metallic commodity on the list that's 100% imported into the USA— according to the USGS .
  • Consisting of 353 claims spanning a 5,982-acre area, the Lost Sheep Mine is in the process of construction towards commercial production.
  • Back in March, Ares announced the completion of its mine planning, and the commencement of its mine's installation construction.
  • But before his departure, Adkerson is strongly encouraging the US government to improve its mine permitting process if it hopes to boost domestic supplies of critical minerals.

New Funding Initiatives Propel U.S. Towards Greater Self-Sufficiency in Critical Minerals

Retrieved on: 
Wednesday, May 1, 2024
Lithium, Copper, Uranium, Arcadium, Reuters, Magnetism, Growth, USGS, Congress, MP, Energy & Fuels, OTC, REO, TSX, Gold, EV, Second Continental Congress, Monazite, Calendar, Human back, Electrolyte, Primary energy, MP Materials, Century, Allkem, Government, Quirk, Organization, Miner, OTCQX, CSIS, General Motors, Acquisition, Mining, Security, REE, FCX, Rare-earth element

VANCOUVER, BC, May 1, 2024 /PRNewswire/ -- In an effort to bolster the domestic supply chain for critical minerals and materials, the Biden Administration recently announced a $17.5-million investment to develop more affordable, sustainable production processes throughout the USA. The announcement came just days after the Center for Strategic & International Studies's (CSIS) Project on Critical Minerals Security launch, meant to build the resilient supply chains needed for national, economic, and energy security. These initiatives are meant to build out a more robust supply of the 50 mineral commodities within the current United States Critical Materials List, each representing materials essential to economic and national security, however, for 43 of these critical minerals, the USA imports more than half of its supply. The mining industry is pushing forward to develop these types of commodities with miners making progress, including Ares Strategic Mining Inc. (CSE: ARS) (OTCQX: ARSMF), MP Materials Corp. (NYSE:MP), Energy Fuels Inc. (NYSE-A: UUUU) (TSX: EFR),  Arcadium Lithium plc (NYSE: ALTM), and Freeport-McMoran Inc. (NYSE: FCX).

Key Points: 
  • Among the more overlooked commodities on the critical minerals list is fluorspar , the only non-metallic commodity on the list that's 100% imported into the USA— according to the USGS .
  • Consisting of 353 claims spanning a 5,982-acre area, the Lost Sheep Mine is in the process of construction towards commercial production.
  • Back in March, Ares announced the completion of its mine planning, and the commencement of its mine's installation construction.
  • But before his departure, Adkerson is strongly encouraging the US government to improve its mine permitting process if it hopes to boost domestic supplies of critical minerals.

Freeport-McMoRan Publishes 2023 Annual Report on Sustainability

Retrieved on: 
Friday, April 26, 2024
Mining, Minerals, Environment, Manufacturing, Sustainability, Natural Resources, Steel, Copper, International, Grasberg, Annual report, Molybdenum, International Council, Gold, Metal, Multimedia, FCX

Freeport-McMoRan Inc. (NYSE: FCX) today announced the publication of its 2023 Annual Report on Sustainability detailing its environmental, social and governance performance during the year.

Key Points: 
  • Freeport-McMoRan Inc. (NYSE: FCX) today announced the publication of its 2023 Annual Report on Sustainability detailing its environmental, social and governance performance during the year.
  • This report marks FCX’s 23rd year of reporting on its sustainability progress.
  • This year’s report details our progress in 2023 to further embed our sustainability strategy into the business: Accelerate the Future, Responsibly.”
    FCX’s 2023 Annual Report on Sustainability was prepared in alignment with the International Financial Reporting Standards Foundation's SASB Standards for the Metals & Mining industry (2023) as well as in reference to the GRI Sustainability Report Standards (2021) and the G4 Mining and Metals Sector Supplement (2013) and reflects FCX’s reporting obligations as a founding member of the International Council on Mining and Metals.
  • FCX’s 2023 Annual Report on Sustainability is available on the company website at fcx.com/sustainability .

Freeport-McMoRan First-Quarter 2024 Financial and Operating Results Release Available on Its Website

Retrieved on: 
Tuesday, April 23, 2024
Mining, Minerals, Natural Resources, Copper, Multimedia, Internet, Gold, Molybdenum, Grasberg, Webcast, FCX, Interest

View the full release here: https://www.businesswire.com/news/home/20240422989299/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240422989299/en/
    As previously indicated on its website, FCX will host a conference call today with securities analysts at 10:00 a.m. Eastern Time to discuss quarterly results.
  • Interested parties may listen to the conference call live and view the slides on the Investor Relations page of FCX’s website at https://investors.fcx.com/investors/presentations .
  • A replay of the webcast will be available through Friday, May 17, 2024.
  • Additional information about FCX is available on FCX's website at fcx.com.

Freeport-McMoRan Declares Quarterly Cash Dividends on Common Stock

Retrieved on: 
Wednesday, March 27, 2024
Natural Resources, Other Natural Resources, Mining, Minerals, FCX, Molybdenum, Copper, Gold, Grasberg

Freeport-McMoRan Inc. (NYSE: FCX) announced today that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on May 1, 2024, to shareholders of record as of April 15, 2024.

Key Points: 
  • Freeport-McMoRan Inc. (NYSE: FCX) announced today that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on May 1, 2024, to shareholders of record as of April 15, 2024.
  • The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework.
  • The payment of dividends is at the discretion of the Board, which will consider FCX's financial results, cash requirements, global economic conditions and other factors it deems relevant.
  • By supplying responsibly produced copper, FCX is proud to be a positive contributor to the world well beyond its operational boundaries.

Freeport-McMoRan Announces Leadership Transition

Retrieved on: 
Tuesday, February 6, 2024
Natural Resources, Other Natural Resources, Mining, Minerals, Copper, Molybdenum, Louisiana State University, Grasberg, Government, Corporate development, FCX, Metal, Treasury, Gold, Culture, Management

Ms. Quirk will assume full responsibility for executive management of the business reporting to the FCX Board of Directors.

Key Points: 
  • Ms. Quirk will assume full responsibility for executive management of the business reporting to the FCX Board of Directors.
  • Richard C. Adkerson will remain Chairman of the Board of Directors, supporting the leadership transition and Freeport’s business on strategic matters of significance to the company.
  • Dusty McCoy, Lead Independent Director commented, “For some time, the Board has been engaged in a process to identify Richard’s successor.
  • Kathleen has earned the respect of the Board, the Freeport organization and external stakeholders through her track record of accomplishment, proven leadership and mission for value creation for all stakeholders.

Freeport-McMoRan on Copper Prices: You Ain't Seen Nothing Yet, an Industrial Info News Alert

Retrieved on: 
Friday, January 26, 2024
Banking, Technology, Professional Services, Automotive, Mining, Minerals, Natural Resources, Machinery, Other Manufacturing, Steel, Other Technology, Manufacturing, Batteries, Hardware, EV, Electric Vehicles, Finance, Asset Management, Consumer Electronics, IIR, Research, GMI, Metso, FCX, Metal, Government, Book, Caterpillar Inc., Environment, Gold, SX/EW, Safety, Plant, USD, Molybdenum, Copper, Robotics, Quirk, Freeport-McMoRan, News, Tankhouse, Outotec

Those expectations for copper are flat when compared with 2023's results, but exceed last year's sales of gold and molybdenum.

Key Points: 
  • Those expectations for copper are flat when compared with 2023's results, but exceed last year's sales of gold and molybdenum.
  • "As a result, inventories of copper around the world are at historically low levels, and the inventory levels are really inconsistent with the current copper price."
  • Looking ahead, the world's going to need significantly more copper in the future for a variety of factors.
  • Industrial Info Resources (IIR) is the leading provider of industrial market intelligence.

Freeport-McMoRan Fourth-Quarter and Year Ended 2023 Financial and Operating Results Release Available on Its Website

Retrieved on: 
Wednesday, January 24, 2024
Natural Resources, Other Natural Resources, Mining, Minerals, Multimedia, Copper, Gold, Interest, Grasberg, FCX, Internet, Molybdenum, Webcast

View the full release here: https://www.businesswire.com/news/home/20240123350644/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240123350644/en/
    As previously indicated on its website, FCX will host a conference call today with securities analysts at 10:00 a.m. Eastern Time to discuss quarterly and year end results.
  • The conference call will be webcast on the Internet along with slides.
  • Interested parties may listen to the conference call live and view the slides on the Investor Relations page of FCX’s website at https://investors.fcx.com/investors/presentations .
  • By supplying responsibly produced copper, FCX is proud to be a positive contributor to the world well beyond its operational boundaries.

Global Copper Mining Market Size Projected to Reach $11.17 Billion By 2030 as Investments in Infrastructure Jump

Retrieved on: 
Thursday, January 11, 2024
EVS, Lundin Mining, FWB, Knowledge, Silver, Table, 3D, VMS, Construction, Rio Tinto, Technical report, LUMI, Learning, Heart, Culture, Zone, Mining, Copper, Zinc, Disclosure, Porcupine, MOST, Transport, Lens, PALM, Nickel, Senior, Oyu Tolgoi mine, MRE, Rio Tinto (corporation), Developed country, Gold, TSX, Technical, OTCQX, FIL, Exercise, Filo, JDS, Haines Borough, Alaska, Electronics, FCX, News, LUN, Urbanization, Molybdenum, Project, ITS

A report from Fortune Business Insights said that the global copper mining market size, which was valued at USD 8.44 billion in 2022 is projected to grow from USD 8.87 billion in 2023 to USD 11.17 billion by 2030, exhibiting a CAGR of 3.3% during the forecast period.

Key Points: 
  • A report from Fortune Business Insights said that the global copper mining market size, which was valued at USD 8.44 billion in 2022 is projected to grow from USD 8.87 billion in 2023 to USD 11.17 billion by 2030, exhibiting a CAGR of 3.3% during the forecast period.
  • Copper is essential for constructing infrastructure projects such as buildings, bridges, and electrical systems.
  • Hence, government initiatives and policies promoting infrastructure development can significantly boost the market.
  • The mining industry, mainly of copper, will likely increase significantly due to increased investment in construction and construction projects.

Freeport-McMoRan Declares Quarterly Cash Dividends on Common Stock

Retrieved on: 
Wednesday, December 20, 2023
Natural Resources, Other Natural Resources, Mining, Minerals, Copper, FCX, Gold, Molybdenum, Grasberg

Freeport-McMoRan Inc. (NYSE: FCX) announced today that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on February 1, 2024, to shareholders of record as of January 12, 2024.

Key Points: 
  • Freeport-McMoRan Inc. (NYSE: FCX) announced today that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on February 1, 2024, to shareholders of record as of January 12, 2024.
  • The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework.
  • The payment of dividends is at the discretion of the Board, which will consider FCX's financial results, cash requirements, global economic conditions and other factors it deems relevant.
  • By supplying responsibly produced copper, FCX is proud to be a positive contributor to the world well beyond its operational boundaries.