Copper is important for global economic growth and the technologies required to improve the quality of life for billions of people worldwide. Nearly all significant renewable energy technologies, including solar panels and the batteries used in electric vehicles, use copper as a key component.
Freeport-McMoRan (FCX) recently published its Annual Report on ESG for 2022.
Freeport-McMoRan (FCX) has announced the release of its 2022 Annual Report on Sustainability, which analyses the company’s performance in terms of the environment, social impact, and governance (ESG) during the course of the year.
Company is expecting increase in Copper demand.
Electric cars, charging stations, high-efficiency motors, and renewable energy all depend on copper for their technologies to supply clean energy. The intensity of copper consumption may increase, driven by global decarbonization drive.
Copper might contribute to a 16% decrease in world carbon emissions by 2030. Copper is employed in applications that deliver energy in over 65% of all cases.
In addition to being crucial for the global energy transition, copper is also important for global economic growth and the technologies required to improve the quality of life for billions of people worldwide. Nearly all significant renewable energy technologies, including solar panels and the batteries used in electric vehicles, use copper as a key component.
FCX is known globally for its mining business and has corporate headquarters in Phoenix, Arizona. Copper, gold, and molybdenum are among the considerable proved and probable reserves that FCX operates in vast, long-lasting, and geographically varied properties.
It is one of the biggest publicly listed copper producers in the world.
Company’s assets includes one of the largest copper and gold deposits in the world i.e. the Grasberg minerals district in Indonesia.
Its portfolio includes sizeable mining operations in North America and South America, such as the Cerro Verde operation in Peru and the Morenci minerals district in Arizona.Outside the U.S., Company has significant operations in Chile, Indonesia, Peru and Spain.
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