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Benzinga
Benzinga
Business
Akanksha Bakshi

Freeport-McMoRan Copper And Gold Volumes Shine, CEO Touts China, India As Major Demand Driver

Freeport copper Gold China India Donald Trump Indonesia United States Comex LME
Industry,Production,For,Plumbing.,Copper,Pipes,Background.,3d,Render.

Freeport-McMoRan Inc. (NYSE:FCX) reported better-than-expected second-quarter results on Wednesday, driven by strong copper and gold sales volumes, lower costs, and favorable pricing. The company also marked a major operational milestone with the start-up of its new copper smelter in Indonesia.

The company posted adjusted earnings of 54 cents per share, beating the consensus estimate of 44 cents. Revenue was $7.58 billion, topping expectations of $7.09 billion.

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