Freeport Projects $1.7 Billion Sales Bump From US Copper Premium

Bundles of copper cathode sheets at the hydromat plant within the Freeport-McMoRan open-pit copper mining complex in Morenci, Arizona.
Photographer: Rebecca Noble/Bloomberg

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By Jacob Lorinc

July 23, 2025 at 1:29 PM EDT

Updated on

July 23, 2025 at 11:44 PM EDT

Freeport-McMoRan Inc. expects to bring in an additional $1.7 billion in US copper sales per year thanks to a premium that’s showing up for domestic prices of the metal as President Donald Trump has been threatening tariffs on US imports.

The Arizona-based mining company said Wednesday the projections are based on US copper prices that were more than 30% above those on the London Metal Exchange as of Wednesday.