Metals & Mining
Price
$72.73
+0.23%Market Cap
$104.2B
Day High
$73.28
Day Low
$71.45
FCX's Q2 FY2026 net income surged 27.5% to $984 million, driven by sharply higher realized copper and gold prices that offset lower output from its Indonesian operations.
Key risk: FCPA Investigation at PT Smelting
FCX is investigating potential violations of the FCPA and other laws at PT Smelting, an Indonesian joint venture. While the SEC declined to pursue enforcement, other jurisdictions may still take action, and any adverse finding could result in fines or penalties.