Cash Flow ConcernsFree cash flow is likely to be relatively low for the next two years, limiting capital return potential for Freeport-McMoRan.
Financial PerformanceThe stock is expected to underperform due to lower than expected volumes and higher costs in 1Q25 and 2025.
Operational ChallengesThe ongoing challenges in Indonesia, including the requirement to build a new smelter and occasional restrictions on exports, present a risk to earnings for Freeport-McMoRan.