With a market cap of $59.6 billion, Freeport-McMoRan Inc. (FCX) is a leading international mining company engaged in the exploration, development, and production of copper, gold, molybdenum, and silver. With major operations across North America, South America, and Indonesia, its key assets include the Grasberg mine in Indonesia, home to the world’s largest copper and gold reserves.
Companies worth more than $10 billion are generally labeled as “large-cap” stocks and Freeport-McMoRan fits this criterion perfectly. The company conducts its business through subsidiaries such as PT Freeport Indonesia, Freeport-McMoRan Corporation, and Atlantic Copper.
