Freeport-McMoRan Approves $4.5 Billion Expansion at Bagdad Operation

Freeport-McMoRan’s board approved a $4.5 billion investment to expand and modernize its Bagdad copper and molybdenum operation in Arizona. The project aims to increase production capabilities and improve operational efficiency, strengthening the company’s North American asset portfolio. The company has not yet provided a timeline or estimated production impact.