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Freeport-McMoRan FCX
Freeport approves $4.5 billion Bagdad copper and molybdenum expansion
Freeport said the brownfield project is expected to more than double mining and milling rates at the Bagdad operation.
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Freeport's board of directors approved a $4.5 billion expansion and modernization program for its wholly owned Bagdad copper and molybdenum operation in northwest Arizona, the company announced on November 4, 2026.
According to the company, the brownfield project is designed to maximize the full potential of the resource.
Key facts
- Investment
- $4.5 billion
- Location
- Bagdad copper and molybdenum operation, northwest Arizona
- Expected impact
- More than double Bagdad's mining and milling rates
Source: The company's release on Business Wire, November 4, 2026.
Written by GetSignal with AI from the company's press release.
Not investment advice.
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