Freeport-McMoRan's 2.62% Rally on Q2 Earnings and 195th Volume Rank Aligns with High-Liquidity Strategy's 166.71% Return

On August 8, 2025, Freeport-McMoRan Inc. (FCX) closed at $41.87, rising 2.62% with a trading volume of 11.8 million shares. The stock ranked 195th in daily trading volume among U.S. equities, reflecting moderate liquidity despite its price movement. The company’s Q2 2025 earnings report highlighted strong operational and financial performance, contributing to investor sentiment.

Freeport-McMoRan reported Q2 revenues of $7.58 billion, driven by higher copper and gold sales volumes and improved pricing. Operating income reached $2.43 billion, while net income attributable to common shareholders totaled $772 million. The firm emphasized strategic operational milestones, including the launch of a new copper smelter in Eastern Java, Indonesia, which is expected to boost production efficiency and integrate refined output into its global supply chain. Copper sales volumes surged to 1.016 billion pounds year-over-year, with gold sales also rising significantly.

Geographically, the company’s Indonesian operations—centered on the Grasberg district—remain a cornerstone of production, alongside U.S. operations like the Morenci minerals district. Management outlined 2025 production targets, including 3,948 million pounds of copper and 1.3 million ounces of gold, underscoring confidence in sustained output growth. Initiatives to enhance leach stockpile recovery and reduce capital intensity further position the firm for long-term efficiency gains.

A backtested trading strategy purchasing the top 500 high-volume stocks and holding for one day generated a 166.71% return from 2022 to the present, outperforming the benchmark by 137.53%. This highlights the impact of liquidity concentration on short-term performance, particularly in volatile markets, where high-volume assets tend to exhibit stronger momentum. The results validate the effectiveness of liquidity-driven strategies in capturing market opportunities amid shifting macroeconomic conditions.