FCX · 10-Q · 2026Q2 · Full report

U.S. Copper Margin Improvement

FREEPORT-MCMORAN INC · 2026-08-06 · Importance 47 · Surprise 48

U.S. copper mines’ six-month copper revenue per pound increased to $6.05 in 2026 from $4.71 in 2025, a 28.5% increase. Gross profit per pound increased to $2.51 from $1.11, while unit net cash costs declined to $2.93 from $3.08 per pound. By-product credits rose to $0.80 per pound from $0.52 per pound, and gold realizations increased to $4,584 per ounce from $3,249.