Cost ConcernsThe company has guided to 4Q24 net cash costs of $1.72/lb, above VA consensus of $1.63/lb and MSe of $1.53/lb.
Financial PerformanceAt the end of Q3’24, FCX held net debt of $3.6bn, which increased by 9% quarter-over-quarter.
Operational ChallengesA large fire broke out at PT-FI's new smelter in Indonesia, which will likely lead to costs to repair damage and potential further delays to first production.