Electrifying the Future
ELECTRIFYING THE FUTURE
Fundamental Outlook is Positive
Rising Demand
for Copper
INFRASTRUCTURE
Copper is the backbone of
construction and
urbanization globally
TECHNOLOGY
Advances in communications,
Al applications, expanding
connectivity and public health
initiatives to benefit demand
DECARBONIZATION
Copper is vital to energy
efficiency; decarbonization is
expected to drive intensity of
copper use
Copper Supply
Scarcity
INVENTORY
Remains I very low on global
exchanges
SUPPLY GAP
Estimated to ~6.4 Mt by 2032
(Wood Mackenzie)
PROJECT PIPELINE
Approval rate has been slow
in recent years
Longer lead times
FREEPORT
FOREMOST IN COPPER
Structural Deficits
FREEPORT
FOREMOST IN COPPER
• Responsible producer of scale
Strong cash flows & balance sheet
⚫ Long-lived reserves
• Embedded growth options
• Attractive capital allocation framework
See Cautionary Statement.
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