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BUZZ-Freeport-McMoRan beats Q4 profit estimates, sees higher 2025 capex; shares down

ReutersJan 23, 2025 1:41 PM

** Shares of mining company Freeport-McMoRan FCX.N fall 1.6% to $38.48 premarket

** Company expects 2025 capex to be about $5.0 bln vs $4.8 bln in 2024

** FCX posts Q4 adj. profit of 31 cents per share vs est. of 20 cents per share - data compiled by LSEG

** Reports Q4 average realized price of $4.15/pound for copper compared to $3.81/pound a year ago

** Other copper miners fall as well tracking prices of red metal, as investors locked in profits from a recent rally, awaiting further clarity on tariffs threatened by U.S. President Donald Trump and stimulus for top metals consumer China

** FCX fell marginally in 2024

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