FCX

Freeport-McMoRan Inc

research_scan theme='materials-supply'; value_chain_position='pure-play'; Copper pure-play with Grasberg (Indonesia) + Cerro Verde (Peru) + US Southwest smelter footprint. Grid buildout copper intensity is the second binding materials constraint after magnets: each GW of dispatchable interconnect / HVDC consumes ~5,000 t Cu. Named in Essay 15 Alden third-pillar and Druckenmiller-adjacent commodity-producer bucket.