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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with former Freeport-McMoRan CEO Richard Adkerson and current CEO Kathleen QuirkKathleen Quirk, CEO of Freeport-McMoRan, and Richard Adkerson, chairman and former CEO, join 'Money Movers' to discuss the reasons behind the leadership change and more
Persons: Richard Adkerson, Kathleen Quirk Kathleen Quirk Locations: Freeport, McMoRan
Freeport-McMoRan CEO: We are 'very focussed' on copper
  + stars: | 2024-06-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFreeport-McMoRan CEO: We are 'very focussed' on copperKathleen Quirk, CEO of Freeport-McMoRan, and Richard Adkerson, chairman and former CEO, join 'Money Movers' to discuss the reasons behind the leadership change and more
Persons: Kathleen Quirk, Richard Adkerson Organizations: Email, McMoRan Locations: Freeport, McMoRan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFreeport-McMoRan CEO on copper: We're on a trend to have a very serious shortageRichard Adkerson, Freeport-McMoRan CEO, joins CNBC's 'Money Movers' to discuss the copper supply shortage, the outlook on copper demand, the data center boom, and more.
Persons: Richard Adkerson Organizations: Email, McMoRan Locations: Freeport
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI've never been more enthusiastic on the outlook for copper, says Freeport-McMoRan CEORichard Adkerson, Freeport-McMoRan CEO, joins 'Closing Bell Overtime' to talk the global commodity supply chain, metal commodity demand, markets in China and more.
Persons: Richard Adkerson Organizations: McMoRan Locations: Freeport, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCopper price action is in a 'watch-out situation', says Freeport-McMoran CEORichard Adkerson, Freeport-McMoran CEO, joins 'Money Movers' to discuss the company's quarterly earnings results, the outlook for how China will affect Freeport-McMoran's business, and the global picture for copper.
Persons: Richard Adkerson Organizations: McMoran Locations: Freeport, China
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCopper demand weakness in Chinese real estate offset by green investing: Freeport-McMoRan's AdkersonRichard Adkerson, Freeport-McMoRan CEO, joins 'Closing Bell Overtime' to talk copper demand in the global economy, copper prices and more.
Persons: Richard Adkerson Organizations: McMoRan Locations: Freeport
watch nowIn the meantime, copper customers, in anticipation of shortages, are either delaying clean energy projects or reducing their need for copper, an economic principle known as demand destruction. Among other actions, it would dismantle most of the clean energy projects initiated by the Biden Administration. At that point, the consensus was that there would be a major copper supply response. That's presented the industry with a whole new era of copper demand, Adkerson said. China's economy has slowed, while those in the U.S. and Europe are striving to transition to clean energy.
Persons: Wood Mackenzie, Nick Pickens, we've, we're, Tesla, eyeing, Rishi Sunak, Richard Adkerson, he's, Adkerson, That's, Clayton Walker, Matt Murphy, Murphy, Walker Organizations: Polska Miedz SA, Bloomberg, Getty, EV, P, International Energy Agency, Heritage Foundation, Republican, Biden Administration, Phoenix, Resources, Freeport, Afp, Rio, Barclays, Rio Tinto, Caterpillar Locations: Glogow, Poland, Wood, EVs, McMoRan, Freeport, China, U.S, Europe, Papua, Freeport's Indonesia, Rio Tinto, Mongolia, Salt Lake City , Utah, Indonesia, Rio
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFreeport-McMoRan CEO on earnings, the copper market, and clean energy transitionRichard Adkerson, Freeport-McMoran CEO, joins 'Closing Bell: Overtime' to discuss the state of the copper market and the company.
April 21 (Reuters) - Freeport-McMoRan Inc's first-quarter profit more than halved as the copper miner struggled with an industry-wide talent crunch and warned that tight labor market conditions would persist in the U.S. through the year. Its shares fell 5.6% to $39 on Friday after the company also cautioned that protests in Peru remain an "ongoing risk". Copper production in the quarter fell to 965 million pounds from 1.01 billion pounds a year earlier. Demand will remain robust due to China's accelerating economic recovery and the ongoing green energy transition, CEO Richard Adkerson said. On an adjusted basis, Freeport earned 52 cents per share, compared with estimate of 45 cents, according to Refinitiv data.
HOUSTON, March 8 (Reuters) - Copper mining giants are scrambling to attract and retain workers, especially in the United States, amid rising global demand for the red metal for the green energy transition. While regulatory push back and water supply have been among the mining industry's historical challenges, access to talent has emerged as another worry. Workers are needed with skills to build and run mines producing lithium, nickel, copper and other metals to feed the green energy transition. We're just trying to make our work as attractive to people as we can," said Adkerson, who has run the company since 2003. Freeport peer Rio Tinto Ltd (RIO.AX)(RIO.L) has more than 4,000 employees in Utah, where the company runs the Kennecott copper mine.
Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. Richard Adkerson has spent years filling his Arizona home with Western and Native American-inspired art, such as traditional wooden kachina dolls and paintings and sculptures by the likes of John Moyers and John Coleman.
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