Capital Expenditure And Cash FlowElevated capital expenditure spending in 2025/26 is a headwind, with free cash flow likely to be relatively low for the next two years, limiting capital return potential.
Operational Challenges In IndonesiaOngoing challenges in Indonesia, including the requirement to build a new smelter and occasional restrictions on exports, present a risk to earnings for Freeport-McMoRan.
Production Guidance And Investor SentimentCuts to production guidance and macro uncertainty are expected to weigh on investor sentiment.