FCX · 10-Q · 2026Q2 · Full report

Concentrate Supply Diversification

FREEPORT-MCMORAN INC · 2026-08-06 · Importance 59 · Surprise 48 · Matches filing data

Atlantic Copper, FCX’s wholly owned smelter and refinery in Huelva, Spain, sourced 82% of its copper concentrate from third parties during the first six months of 2026. The remaining 18% came from FCX’s South America operations, indicating a predominantly external concentrate supply base. Atlantic Copper’s revenues increased to $2.0 billion in the first six months of 2026 from $1.6 billion in the prior-year period, driven mainly by higher metal prices but partly offset by lower copper and gold sales volumes. The company’s integrated supply network combines third-party procurement with internal South American concentrate production.

Key facts

• Treatment charges totaled $8 million in second-quarter 2026, $16 million in second-quarter 2025, $10 million for the first six months of 2026 and $43 million for the first six months of 2025. source
• For the first six months of 2026, Atlantic Copper purchased 82% of its concentrate from third parties and 18% from our South America operations. source

Impact estimates