- Strengthening the U.S. Economy
- Freeport McMoRan, Copper Wires the World
May 7, 2021
Copper is more important to our lives than ever before. This versatile metal is the basis for wiring that powers all our electronics, an essential for the work-from-home situation many of us have found ourselves in. Demand for copper is closely linked with the growth in heavy machinery; consumer products like computers, tablets and smart phones; electrical grids; and telecommunications. So it is important that we have a steady supply of copper ready here at home.
Freeport-McMoRan produces copper at seven mines in United States and was recognized as one of the “World’s Most Admired Companies” in 2021 by Fortune Magazine. The ranking, compiled since 1997, is based on innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment value, quality of products / services and global competitiveness. And Freeport-McMoRan’s newest project, the Lone Star project located near its Safford operation in Arizona, was completed in third-quarter 2020 and is on track to exceed 200 million pounds of copper a year in 2021. Due to copper’s use across multiple industries, this domestic supply of copper is essential to the U.S. economy. By sourcing our copper here at home, the future for U.S. industry is bright.