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Freeport McMoRan eyes $4.5B expansion of Arizona Bagdad mine; expansion would increase copper production by 250M lbs annually

  • 7/23/2026

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Phoenix Business Journal

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Highlights
Freeport-McMoRan will decide by year-end on a $4.5 billion Bagdad mine expansion
The Arizona project would increase copper production by 200 to 250 million pounds annually
Freeport's second-quarter revenue of $7 billion exceeded Wall Street expectations of $6.7 billion

Freeport-McMoRan (NYSE: FCX)
Cory Stevens | SVP; President and COO, Freeport-McMoRan Americas
(602) 366-8100

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