Copper sector M&A inevitable, but not central to Freeport, CEO says

An increase in mergers & acquisitions (M&A) activity in the copper sector was inevitable but did not form a central part of the strategy of Freeport-McMoRan, its chairman and chief executive officer has told Fastmarkets.

According to Richard Adkerson, the company remains focused on copper, with no plans to diversify, notably because of the US producer’s potential for organic growth through its vast reserves and...