Freeport (FCX) CEO says he expects US copper production to increase by 8% this year
The CEO of Freeport-McMoRan expects US copper production to rise by 8% this year, which suggests a potential uptick in supply that could impact copper prices and related equities.
US EIA Natural Gas Stocks Change (Jan/16) -120Bcf vs. Exp. -106Bcf (Prev. -71Bcf, Rev. From -71Bcf)
India's PM Modi is scheduled to speak with Brazilian President Lula, expressing optimism after reviewing strong momentum in the India-Brazil trade partnership
Freeport (FCX) CEO says he expects US copper production to increase by 8% this year
Newsquawk European Market Wrap - 22nd January 2026
US Core PCE Price Index YoY (Nov) Y/Y 2.8% vs. Exp. 2.8% (Prev. 2.7%)
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This projection is significant as it aligns with ongoing global demand trends in construction and renewable energy sectors, potentially dampening inflationary pressures in commodities. Additionally, an increase in US copper production may affect industry dynamics and pricing strategies among competitors.
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