Strong Financial Performance: Freeport-McMoRan reported a solid Q2 2025 with EBITDA of $3.2 billion and operating cash flows of $2.2 billion, benefiting from high copper prices averaging over $4.50 per pound, which is significantly above the international benchmark. Sales volumes in H2 are expected to increase by nearly 10% compared to H1 levels, indicating strong demand and operational efficiency.

Copper and Gold Production Adjustments: The company has revised its 2025 guidance for gold production down by approximately 17% due to adjustments in the Grasberg gold production model; however, this change is mostly timing-related and not expected to impact long-term copper production forecasts. Overall copper production remains stable, with a targeted unit cash cost of around $1.55 per pound for the year.

Investment in Growth: Freeport is focusing on organic growth opportunities, particularly in its U.S. operations with plans to increase refined production through innovative leach processes and autonomous technology. These initiatives aim to enhance production efficiency and are expected to run at an annualized rate of 800 million pounds.