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Freeport-McMoRan seen lifting copper sales this year

Leading copper miner Freeport-McMoRan is seen lifting consolidated copper sales to 4.3billion lb this year, up 2.6% from an estimated 4.19B lb in 2022, but potentially lower copper prices will be key to share price performance and cash flow at the New York-listed firm, according to investment bank Morgan Stanley.

Steven Swindells
Freeport-McMoRan expected to lift copper sales

Freeport-McMoRan expected to lift copper sales

"Freeport is successfully ramping up underground mining in Indonesia - our base case assumes progress according to guidance - and growing volumes in 2023 that should support free cash flow generation,"...

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