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Freeport-McMoRan’s (NYSE:FCX) Q2 FY24 Net Income Soars 80% to USD 616Mn Driven by Increased Revenues

Tue 01 Oct 24, 04:25 AM |

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Highlights

Freeport-McMoRan Inc. (NYSE:FCX) is a global mining company with diverse assets, including the Grasberg district in Indonesia and significant operations in North and South America. It has a market cap of USD 70 billion.

In Q2 FY24, the company reported revenues of USD 6,624 million, reflecting a 15.5% increase from USD 5,737 million in the previous corresponding period (pcp). It was driven by higher average realized prices.

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