Freeport-McMoRan
FCX · NYSE · Basic Materials
$72.58
+$0.42 (+0.58%) today
Market Cap
$104.23B
24h Volume
$647.7M
P/E Ratio
35.6
52w High
$79.91
52w Low
$34.96
Est. AI Revenue
10%
7-Day Sparkline (Static)
Company facts
Performance
About Freeport-McMoRan
Freeport-McMoRan is the largest US-listed copper miner. It makes money by mining and selling copper, with profitability driven by copper prices, production volumes, and mining costs across its operations.
Its connection to AI is the metal itself. Data centers built for AI consume roughly ten times the copper of conventional facilities, and the grid upgrades and electrification needed to power them add further demand. That makes Freeport a core raw material supplier to the buildout even though it sells no technology.
Founded in 1912 and headquartered in Phoenix, Arizona, Freeport trades on the NYSE and employs roughly 29,000 people.
Freeport-McMoRan in the AI buildout
Freeport sits in the Raw Materials & Mining layer of the buildout. AI data centers consume roughly ten times the copper of conventional facilities, and grid upgrades and electrification multiply that demand, making copper supply a growing pillar of the buildout story. Copper pricing still depends on global industrial cycles and China, so AI is one demand driver among several. Supercycle scores its AI exposure at 35 out of 100.
FCX is tracked in Raw Materials & Mining, rated Growing on the AI Exposure leaderboard.
By the numbers
52-week range
FCX trades at $72.58, 84% of the way up its 52-week range of $34.96 to $79.91.
Market cap
Market capitalization is $104.23B, with an AI Exposure Score of 35 out of 100.
Valuation vs peers
Its P/E ratio of 35.6 is above the Raw Materials & Mining category median of 30.3.
Next earnings
Freeport-McMoRan is next expected to report earnings on October 22, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does Freeport-McMoRan do?
Freeport is the largest US-listed copper miner. It earns revenue by mining and selling copper, with results driven by copper prices, production volumes, and operating costs.
How is Freeport exposed to AI?
AI data centers consume roughly ten times the copper of conventional facilities, and grid upgrades add more demand. Pricing still follows global cycles, so Supercycle scores it 35 out of 100.
Why does the AI buildout need copper?
Data centers require copper for power distribution and cooling infrastructure, and the grid upgrades and electrification needed to power them consume large additional quantities of the metal.
Is FCX a pure play AI stock?
No. Freeport is a commodity producer whose prices depend on global industrial cycles and China. Its AI Exposure Score of 35 out of 100 reflects AI as a growing pillar of copper demand.
Where is Freeport based and who leads it?
Freeport-McMoRan is headquartered in Phoenix, Arizona, and is led by CEO Kathleen Quirk. Founded in 1912, it employs roughly 29,000 people and trades on the NYSE.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
Related reading
- What are AI infrastructure stocks? The 12 layers, explained · AI infrastructure stocks are the companies paid to build AI compute: chips, memory, networking, data centers, cooling and power. The 12 layers and the catch.