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FCX Aug 2024 49.000 put

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Zacks
Freeport (FCX) Starts Commissioning of New Indonesian Smelter
Freeport (FCX) anticipates that the smelter will begin producing copper cathodes in the following months and that it will reach full ramp-up by the end of 2024.
Business Wire
Freeport Commences Commissioning of New Indonesian Smelter and Provides Update on Second-Quarter 2024 Copper and Gold Sales
PHOENIX, July 02, 2024--Freeport (NYSE: FCX) announced today that its Indonesian subsidiary, PT Freeport Indonesia (PT-FI), substantially completed construction of its new Manyar smelter in Gresik, Indonesia in June 2024 and has commenced commissioning operations. FCX expects the smelter will begin producing copper cathodes in the coming months and continues to target full ramp up by the end of 2024 in line with previous expectations.
Simply Wall St.
The five-year decline in earnings might be taking its toll on Freeport-McMoRan (NYSE:FCX) shareholders as stock falls 3.5% over the past week
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