Freeport-McMoRan Stock Rises on Copper Strength Despite Output Hit

Freeport-McMoRan Inc.'s stock price has been steadily increasing, reaching $77.80 on August 25, 2026, a gain of 1.49% in the latest session.

This growth can be attributed to the strength of the copper market, with Freeport-McMoRan benefiting from higher realized prices and cost discipline despite lower production volumes.

In its second-quarter earnings report, the company reported adjusted EBITDA of $3.5 billion, a 9.4% increase compared to the same period in 2025.

However, revenue declined by 7.3% year-over-year to $7.03 billion, and copper production fell 18.4% to 786 million pounds.