Freeport-McMoRan Inc. reported its financial results for the fourth quarter of 2024, revealing an adjusted earnings per share (EPS) of $0.31, surpassing analysts' expectations of $0.20. The company generated revenue of $5.72 billion, slightly below the forecast of $5.87 billion. Freeport's capital expenditures for 2025 are projected to be $5 billion. The company's CEO noted that the global team delivered solid results in 2024, emphasizing the increasing importance of copper in the global economy. Additionally, Freeport's Indonesian unit, PT-FI, is set to resume exports of copper concentrates in the first quarter, contingent upon a 7.5% export duty. This follows a temporary export halt due to a fire at its new smelter in October. The Indonesian government has indicated support for the resumption of exports, and Freeport expects to receive the necessary export permit in the coming weeks. Despite these positive developments, the company's shares fell by 5% following the earnings announcement.