Freeport Copper Financials
Current Copper Market Commentary
Slowing global growth in manufacturing
sector
●
●
●
FREEPORT FOREMOST IN COPPER
Copper - The Metal of Electrification
●
Auto sector/EVs growing rapidly
Copper-intensive expansion of renewables
and supporting infrastructure
China's copper consumption continues to
grow despite property sector weakness
(growth in EV/renewables)
Supply challenges persist
Notable low inventory levels
(1) Source: S&P Global copper study published in July 2022
(2) Source: International Monetary Fund
See Cautionary Statement.
Copper Demand Forecast (1)
(mm tonnes)
~25
2022
-50
THE POWER OF
COPPER
2035
Looming supply
gap expected
Prices will need to
rise to incentivize
new supplies
• Intensity of copper use in electrification is rising
• Low carbon technologies driving massive
growth in metals demand
• Renewables growth from 10% to 60% of power
under 2050 net zero (²)
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