Freeport-McMoRan CEO: Waiting On Details Of US Copper Tariff Plan

July 23 (Reuters) - Freeport-McMoRan Inc FCX.N:

• CHAIRMAN RICHARD ADKERSON: 'PLEASED TO SEE THE TRADE AGREEMENT BETWEEN INDONESIA AND THE UNITED STATES'

• CEO KATHLEEN QUIRK: 'WE'RE WELL POSITIONED FOR CONTINUED STRONG FINANCIAL PERFORMANCE'

• CEO: MARGINS AND CASH FLOWS EXPECTED TO GROW IN 2026 AND 2027 DUE TO VOLUME GROWTH AND LOWER COSTS

• CEO: EXPECT FIRST CATHODE FROM INDONESIA COPPER SMELTER BY END OF MONTH

• CEO: CONTINUE TO TARGET HALF OF EXCESS CASH FLOW FOR SHAREHOLDER RETURNS

• CEO: COPPER LEACH OPERATIONS WILL BE PRODUCING AT RUN RATE OF 300 MILLION POUNDS ANNUALLY BY END OF YEAR, WITH TARGET OF 800 MILLION POUNDS ANNUALLY

• CEO: 'THE FUNDAMENTALS OF THE COPPER MARKETS ARE HIGHLY ATTRACTIVE'

• CEO: CHINA CONTINUES TO BE A 'MAJOR' DRIVER OF COPPER DEMAND, INDIA 'AN IMPORTANT GROWTH MARKET'

• CEO: STILL WAITING ON ADDITIONAL DETAILS OF U.S. PLAN TO IMPOSE 50% COPPER TARIFF ON AUGUST 1

• CEO: 'NOT AWARE OF ANY EXEMPTIONS AT THIS POINT' FOR U.S. COPPER TARIFF IMPORTS

• CEO: 'LOGICAL PLACE' TO SHIP INDONESIAN COPPER IN NEAR TERM WILL BE TO 'CONTINUE TO SELL IN ASIA'

• CEO: MAY CONSIDER SHIPPING INDONESIAN COPPER TO UNITED STATES, 'WE'LL LOOK AT WHAT MAKES SENSE'

• CEO: STUDYING WHETHER MIAMI, ARIZONA, COPPER SMELTER SHOULD BE EXPANDED

• CEO: BUILDING A NEW U.S. COPPER SMELTER 'WOULD BE VERY CHALLENGING'

Source text: [ID:]

Further company coverage: FCX.N