While BHP and Rio Tinto hunt for M&A opportunities, Freeport-McMoRan (NYSE:FCX) is focused on organic growth.
What Happened: Freeport-McMoRan is ramping up production across three continents to meet the rising need for copper — a cornerstone metal of the ongoing green energy transition.
The company's new CEO, Kathleen Quirk, will attend the LME Week conference in London, one of the major industry gatherings yearly. Ahead of the conference, she reiterated the management's stance toward focusing on internal growth, forgoing the hot M&A trend that has seen bids as high as BHP's failed acquisition of Anglo-American for $49 billion.
Quirk, who has been with the company for over 35 years, succeeded Richard Adkerson at the helm in June and continued the trend of asset consolidation. Despite Adkerson's renown for big ...
