Freeport-McMoRan Inc. (FCX) is one of the world's largest publicly traded copper producers and a leading international mining company focused on the production of copper, gold, and molybdenum. Headquartered in Phoenix, Arizona, the company operates a portfolio of long-lived, geographically diversified mining assets across North America, South America, and Indonesia.
It has a market capitalization of $103.1 billion, making it a “large-cap” stock. Its competitive advantage stems from its massive reserve base, low-cost operations, and leverage to copper prices. Because copper demand is expected to grow alongside global electrification and data-center expansion, FCX is often viewed as a premier way for investors to gain exposure to long-term copper trends.
