Freeport-McMoRan stock gains as copper prices lift miners

Published on 09/22/2026 at 10:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Freeport-McMoRan stock closed at USD 71.94 on September 21, 2026, up 0.6 percent. Second-quarter revenue reached USD 7.03 billion.

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Freeport-McMoRan stock (ISIN US35671D8570) closed at USD 71.94 on the NYSE on September 21, 2026, up 0.6 percent from the prior session. The move came as copper prices rebounded amid tighter supply conditions, while the company continued its phased Grasberg mine ramp-up.

Copper supports the share price

Mining.com reported on September 21, 2026, that Freeport-McMoRan rose 0.6 percent in New York to USD 71.94 and reached a market value of USD 103.3 billion. The stock was still 5 percent lower for the month, showing that the daily gain had not yet reversed the broader monthly decline.

A second market update put the shares at USD 72.16, up 0.87 percent, on September 22, 2026. That quotation reflects ongoing sensitivity to copper prices, but it is not used as the reference close because the completed NYSE close of September 21, 2026, provides the dated closing price for this article.

Second-quarter figures set the base

According to StockTitan in its September 21, 2026 filing summary, Freeport-McMoRan generated USD 7.029 billion of revenue in the second quarter of 2026 and net income attributable to common stock reached USD 984 million, or USD 0.68 per share.

The same Q2 2026 report recorded operating income of USD 2.003 billion and operating cash flow of USD 2.048 billion. Copper production reached 786 million pounds, while copper sales were 710 million pounds at an average realized price of USD 6.17 per pound. The comparison with the prior year is mixed: the six-month filing summary states that second-quarter revenue of USD 7.0 billion was below USD 7.6 billion a year earlier, even as higher realized metal prices supported profitability.

Grasberg remains the operating test

According to StockTitan in the September 21, 2026 10-Q summary, Freeport-McMoRan expects 2026 sales of about 3.057 billion pounds of copper, 654,000 ounces of gold and 93 million pounds of molybdenum. The company also expects copper unit net cash costs of about USD 1.90 per pound, operating cash flow of approximately USD 8.3 billion and capital spending of about USD 4.3 billion for 2026.

The operating risk is visible in the production schedule. The phased ramp-up of the Grasberg Block Cave mine has taken longer to reach full capacity, and the 2026 sales outlook is therefore centered on 3.057 billion pounds of copper rather than an immediate return to higher output. For the stock, the key tension is clear: copper prices support revenue per pound, while Indonesian volume execution determines how much of that pricing benefit reaches total sales.

NYSE close keeps the focus on metals

Freeport-McMoRan stock closed at USD 71.94 on the NYSE on September 21, 2026, after opening at USD 71.52. The USD 103.3 billion market value reported for the same trading context places the company among the largest listed copper producers, while the 5 percent monthly decline shows that investors continue to weigh commodity strength against operational delivery.