Freeport-McMoRan says copper market fundamentals ‘remain positive’

Says ‘successful’ in reducing inventories in Indonesia. Says ‘well-positioned for continued strong financial performance’. Says remains focused on ramping up to reach design capacity on new smelter by year-end. Says continues to advance optionality in organic growth pipeline. Says leach opportunities ‘a major value driver’ for company. Says copper demand globally continues to benefit from secular trends. Says seeing improving trends in Europe, says India represents an ‘important growth market’ in the future. Says actively working to boost domestic supplies of copper. Says focused on supporting growing requirement for U.S. customer base. Says operations account for approx. 70% of total U.S. refined production.