Freeport-McMoRan stock: New quote follows Grasberg update

Published on 11/06/2026 at 16:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Freeport-McMoRan stock has a new Lang & Schwarz quote after the miner's Grasberg update. The latest report keeps the recovery and copper outlook in focus.

Grasberg Recovery Remains Central

Freeport-McMoRan lowered its 2026 and 2027 copper sales forecasts while keeping the 2028 outlook unchanged.
Grasberg remains the main operational driver of the planned recovery in copper output.
Investors are focused on the ramp-up pace, copper prices and operating costs.

Freeport-McMoRan, US35671D8570, Illustration mit AI erstellt.

Freeport-McMoRan stock had a new quote on Friday, November 6, 2026, as investors continued to weigh the miner's Grasberg recovery against a softer near-term copper outlook. The stock traded at 53.13 euros on Lang & Schwarz at 16:09 CET. That quote differs by 1.10 percent from the 52.55-euro quote in the report published on November 5.

Recovery Meets Lower Copper Outlook

Freeport-McMoRan's third-quarter update combined stronger earnings with lower copper forecasts. The miner reduced its 2026 copper sales forecast by about 2 percent and its 2027 forecast by 2.5 percent, while leaving the 2028 outlook unchanged.

Copper production reached 832 million pounds in the quarter and sales totaled 749 million pounds. The average realized copper price was 6.54 US dollars per pound, helping offset lower volumes and higher costs. Adjusted earnings reached 88 cents per share on revenue of 7.546 billion US dollars.

Grasberg Drives the Recovery Case

Grasberg remains central to the longer-term production plan. Mining rates at the Indonesian Block Cave averaged about 70,000 tonnes per day in the third quarter, up from 53,000 tonnes in the second quarter. Management expects the operation to reach 80 percent of capacity by mid-2027 and approach full capacity by year-end.

Freeport-McMoRan expects copper sales to rise from about 3 billion pounds in 2026 to 3.7 billion pounds in 2027 and more than 4 billion pounds in 2028. The investment case therefore depends on the pace of the Grasberg ramp-up, copper prices and the company's ability to manage operating costs.

View the real-time quote of Freeport-McMoRan stock.

Broader market sentiment remains relevant for US-listed mining companies; see the latest S&P 500 market coverage.

More news and analyses on Freeport-McMoRan stock.