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Freeport-McMoRan Inc. (NYSE: FCX, HQ: Phoenix, Arizona) is one of the world's largest copper producers, with mines in the US (Morenci, Bagdad, Safford, Sierrita, Miami, Chino, Tyrone), Indonesia (Grasberg) and Peru (Cerro Verde), plus dedicated molybdenum mines at Climax and Henderson, Colorado.
Source: SEC Financial Statement Data Sets, quarterly period, tagged by the issuer. Segment names are the company’s own labels and are not comparable with another filer’s. Shares are of consolidated revenue and need not sum to 100%: overlapping cuts are reported, and segment×geography cross-tabs are dropped rather than counted twice.
Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 2 suppliers, 6 customer-side. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
FCX FY2025 10-K, Item 1: 'Copper concentrate is also produced at the Cerro Verde mine in Peru ... A portion of the copper concentrate produced at Cerro Verde is shipped to Atlantic Copper for further processing'; segment note: 'During 2025, Atlantic Copper purchased 77 % of its concentrate requirements from unaffiliated third parties, 21 % from FCX's South America operations and 2 % from FCX's U.S. copper mines' (FCX's other South America mine, El Abra in Chile, produces SX-EW cathode only). Cerro Verde Memoria Anual 2025 (https://www.cerroverde.pe/pdf/Memoria-Anual-2025-y-anexos.pdf) destination table p.26 puts 12% of copper concentrate sales in Espana. Seller = Cerro Verde mine/concentrator, Arequipa, Peru (FCX 55.08%); buyer = Atlantic Copper S.L.U. smelter/refinery, Huelva, Spain (FCX 100%). Intra-group, hence related_party.
FCX FY2025 10-K: 'Sales to MMC, PTFI's joint venture partner in PT Smelting, totaled $1.7 billion in 2025, $4.4 billion in 2024 and $2.0 billion in 2023. Sales to MMC totaled 17% of FCX's consolidated revenues in 2024, and they are the only customer that accounted for 10% or more of FCX's annual consolidated revenues during the three years ended December 31, 2025.' Product is PT Freeport Indonesia (Grasberg) copper concentrate; the 10-K does not state where MMC has it processed (PT Smelting, Gresik, Indonesia, is the JV in which MMC is PTFI's partner). related_party because of the PT Smelting JV.
FCX FY2025 10-K (Morenci, Arizona): 'the remaining 28% is owned by Sumitomo (15%) and SMM Morenci, Inc. (13%). Each partner takes in kind its share of Morenci's production. FMC purchased 19 million pounds during 2025 and 15 million pounds during 2024 of Morenci's copper cathode from Sumitomo and SMM Morenci, Inc.' Copper cathode bought back by Freeport's US arm from its Morenci JV partners; 'Sumitomo' is not further defined in the quoted passage. related_party because the sellers are Morenci JV partners.
Seller is FCX's 55.08%-owned consolidated subsidiary Sociedad Minera Cerro Verde S.A.A. (Arequipa, Peru). Memoria Anual 2025, related-party table (p.222): 'Sumitomo Metal Mining Company Ltd. Grupo Economico Venta de mineral US$ 717,428,956'; destination table (p.26) puts 22% of copper concentrate sales in Japan. SMM's own Cerro Verde photo captions (https://www.smm.co.jp/en/corp_info/media_library/photo/): 'Copper concentrates are shipped to Toyo Smelter & Refinery with approximately two-month sea journey' (Toyo = Niihama, Ehime, Japan). Flow PE>JP = Cerro Verde mine to SMM Toyo smelter. related_party because SMM holds 21% of Cerro Verde via SMM Cerro Verde Netherlands B.V.
ImportGenius partner summary of CBP manifests for shipper Sociedad Contractual Minera El Abra (FCX-operated El Abra mine, Antofagasta region, Chile; FCX 51%, Codelco 49%): consignee SOUTHWIRE COMPANY, US port Panama City, Florida, 198 shipments, most recent 2026-04-10; El Abra's 2026 BoLs are LME Grade A copper cathode brand ABRA. Origin CL (El Abra SX-EW), destination US (Southwire).
US import manifest records (CBP data rendered by ImportGenius): shipper SOCIEDAD CONTRACTUAL MINERA EL ABRA (FCX-operated, Chile), consignee 'TO ORDER OF MITSUBISHI', 901,169 kg LME Grade A copper cathodes on 2026-07-23 and four BoLs of 401-902 t on 2026-06-06; country of origin Chile. To-order bill: Mitsubishi (US arm Mitsubishi International Corp.) holds title on arrival. Origin CL, destination US.
US import manifest records (CBP data rendered by ImportGenius): shipper SOCIEDAD MINERA CERRO VERDE S.A.A. (FCX 55.08%, Arequipa, Peru), consignee 'TO ORDER OF :MITSUBISHI INTERNATION[AL]', 1,000,521 kg and 1,000,756 kg 'LME REGISTERED GRADE A COPPER CATHODES', arrival 2026-07-12, country of origin Peru. Origin PE (Cerro Verde SX-EW), destination US.
US import manifest records (CBP data rendered by ImportGenius): shipper ATLANTIC COPPER SA (FCX 100%, Huelva smelter/refinery, Spain), consignee SOCIETE GENERALE, 501,050 kg 'COPPER CATHODES BRAND FMS', arrival 2026-02-25, port of lading Algeciras, port of unlading New York. Further Atlantic Copper SLU cathode BoLs to Societe Generale and Charter Brokerage LLC in Feb-Mar 2026 (supplier page atlantic-copper-s-l-u). Societe Generale is a bank/metals financier (trader-type consignee); the BoL itself pins the route. Origin ES (Huelva cathode), destination US.
Scope. Absence of a counterparty here is not evidence that none exists — most commercial sourcing is confidential and never becomes public. Rows without a share figure mean no share was disclosed, not that the relationship is small.
2 other tracked dossiers name this company as a counterparty in its own sourced disclosure — this platform never wrote these rows on this company's own page, they are read here inverted from the dossier that disclosed them. This is a partial view: 984 additional named-counterparty rows across the corpus could not be matched to a tracked dossier by name at all (mostly non-Latin legal names), so the true count is higher than what renders here.
FCX FY2025 10-K: 'Sales to MMC, PTFI's joint venture partner in PT Smelting, totaled $1.7 billion in 2025, $4.4 billion in 2024 and $2.0 billion in 2023. Sales to MMC totaled 17% of FCX's consolidated revenues in 2024, and they are the only customer that accounted for 10% or more of FCX's annual consolidated revenues during the three years ended December 31, 2025.' Product is PT Freeport Indonesia (Grasberg) copper concentrate; the 10-K does not state where MMC has it processed (PT Smelting, Gresik, Indonesia, is the JV in which MMC is PTFI's partner). related_party because of the PT Smelting JV.
Disclosed by the buyer. FCX FY2025 10-K (Morenci, Arizona): 'the remaining 28% is owned by Sumitomo (15%) and SMM Morenci, Inc. (13%). Each partner takes in kind its share of Morenci's production. FMC purchased 19 million pounds during 2025 and 15 million pounds during 2024 of Morenci's copper cathode from Sumitomo and SMM Morenci, Inc.' Copper cathode sold by the Morenci JV partners back to Freeport's US arm; 'Sumitomo' is not further defined in the quoted passage, SMM Morenci, Inc. is SMM's US subsidiary (SMM group-company list). related_party because SMM is a Morenci JV partner.
Scope. This section is inverted evidence: each linked dossier wrote the original row about itself, describing its own relationship to this company. It is never a claim this company itself disclosed. Absence here is not evidence of no relationship — most of the corpus has no named-counterparty block at all yet.
This company sits on the supply side for 5 of its 5 materials — a restriction on those is a tailwind, not a headwind.
As a producer, policy pressure across its produced materials is coverage-limited.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
🇺🇸 US accounts for 61% of severity-weighted pressure.