Seeking Alpha
16 Oct 2026, 09:19 UTC · 2h ago
Freeport-McMoRan: Grasberg Is Back On Schedule
Impact · against what's priced in
The update on Grasberg provides no material catalyst for FCX as the production ramp and current copper pricing are already broadly reflected in the current stock price. The reaffirmed 2027 capacity targets simply confirm the volume growth trajectory the market is already paying for.
- FCX+0.05
Already priced in
- The price assumes
Volume growth from 3.1 billion lbs in 2026 to 4.1 billion lbs by 2028
Reaffirming 80% capacity by mid-2027 and near-full capacity by year-end 2027 confirms the production ramp required to hit 2028 volume targets, which the market already assumes.
What FCX's price assumes · Sep 10
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