Freeport-McMoRan: My Favorite for the Copper Boom

The Grasberg utilization is expected to reach nearly 100% again by the end of 2027.
Barclays views Freeport as a top pick in the metals and mining sector with a price target of $82.
Andreas Zehetner
A. Zehetner
Reading Time: 2 minutes

Copper remains one of the most exciting commodity trends for me. The IEA expects an additional demand of around 7 million tons by 2040 and sees a supply gap of about 25% by 2035, despite announced projects. Power grids, electrification, and AI data centers are facing a slowly growing supply. My favorite for this is Freeport-McMoRan (FCX) . As the largest copper producer in the US, the company possesses large and long-lasting deposits in the USA, South America, and Indonesia. The company is considered the largest copper producer in the United States...

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