Freeport-McMoRan Capitalizes on Copper Demand Surge

Copper prices are rising due to increased demand for the metal in the electrification of the global power grid and the energy requirements of artificial intelligence (AI). Freeport-McMoRan is a primary beneficiary of this trend, with a pure copper play that makes it highly sensitive to the spot price of the metal. The company is also deploying leaching technology to extract residual copper from waste rock stockpiles, providing a quick way to bring new copper to market without the need for new mines.