Freeport quarterly profit jumps on higher copper prices

Reuters2021-10-21

Oct 21 (Reuters) - Miner Freeport-McMoRan Inc reported a quarterly profit on Thursday that more than tripled, helped by higher copper prices and an increase in demand for the metal.

The company's adjusted net income attributable to common stock was $1.3 billion, or 89 cents per share, in the three months ended Sept. 30, compared with $430 million, or 29 cents per share, a year earlier.

(Reporting by Sahil Shaw in Bengaluru)

((Sahil.Shaw@thomsonreuters.com))

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