Commodities Buzz: Freeport Copper production down 21% on year in H1 2026

Mining major Freeport reported second-quarter 2026 net income attributable to common stock of $984 million, $0.68 per share, and adjusted net income attributable to common stock of $1.1 billion, $0.74 per share, after excluding after-tax net charges totaling $96 million, $0.06 per share, primarily for idle facility and restoration costs associated with PTFI?s September 2025 external mud rush incident. Net income in the quarter is up around 27% YoY. The company reported Consolidated production of 786 million pounds of copper, 192 thousand ounces of gold and 23 million pounds of molybdenum in second-quarter 2026. There has been a sizable slide in output of Copper and Gold this year. In first six-months of 2026, Copper output stood at 1448 million pounds, down around 21% on year while Gold output lost 52% at 289 thousand ounces.

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