Freeport Indonesia Plans Full Capacity at Grasberg Mine by 2028
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2026
0mins
Should l Buy FCX?
Source: seekingalpha
Freeport-McMoRan Inc's stock rose by 5.03% as it reached a 5-day high, reflecting positive market conditions.
Freeport Indonesia is targeting a return to full capacity at the Grasberg copper mine by 2028, which aligns with Freeport-McMoRan's goals. Currently, Grasberg operates at only 40%-50% capacity, but plans to increase this to 65% by H2 2026. This gradual recovery is expected to significantly impact the global copper supply outlook, especially after previous disruptions. The Indonesian government's agreement to extend Freeport's operating rights further solidifies this partnership, indicating confidence in future copper supply.
The anticipated capacity increase at Grasberg is likely to enhance Freeport's market position and influence global copper prices positively, reflecting the company's commitment to recovery and growth in the copper sector.
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Analyst Views on FCX
Wall Street analysts forecast FCX stock price to fall
15 Analyst Rating
13 Buy
2 Hold
0 Sell
Strong Buy
Current: 64.370
Low
46.00
Averages
58.79
High
70.00
Current: 64.370
Low
46.00
Averages
58.79
High
70.00
About FCX
Freeport-McMoRan Inc. is a metals company. The Company operates assets with reserves of copper, gold and molybdenum. Its portfolio of assets includes the Grasberg minerals district in Indonesia, which is a copper and gold deposit; and operations in the United States, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America. Its segments include Cerro Verde copper mine, Indonesia operations and United States Rod & Refining operations. It produces copper concentrate, cathode and continuous cast copper rod. Its copper ore from mines is processed by smelting and refining or by solution extraction and electrowinning (SX/EW). It produces copper cathodes at an electrolytic refinery located in El Paso, Texas. The SX/EW cathode is produced from the Morenci, Bagdad, Safford, Sierrita, Miami, Chino and Tyrone mines in the United States, and from the Cerro Verde and El Abra mines in South America.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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