Freeport-McMoRan Approves $4.5 Billion Bagdad Expansion, Targets Production in 2030
PHOENIX, Arizona (Nov. 6, 2026) — Freeport-McMoRan’s board has approved a $4.5 billion expansion of its Bagdad copper and molybdenum operation in northwest Arizona, with initial production targeted for mid-2030. Construction is expected to take approximately three and a half years. Plans include a…