Freeport-McMoRan Invests $4.5 Billion In Arizona: Bagdad Mine To Double Its Copper Production Capacity

Freeport-McMoRan is accelerating US copper development with a $4.5 billion investment to expand and modernize the Bagdad mine in Arizona. The project, approved on November 4, 2026, aims to more than double mining and ore-processing rates, lifting annual copper production to more than 400 million pounds, or approximately 181,400 tonnes. The expansion in production capacity, […]