FCX's Unit Cash Costs Spike in Q3: Is It Set to Climb Further in Q4?

Key Takeaways FCX's Q3 unit net cash cost rose to $1.40 per pound from $1.13, a roughly 24% sequential increase.Freeport-McMoRan's copper sales fell 6% year over year to 977 million pounds after a Grasberg mine suspension.FCX expects Q4 unit net cash costs of $2.47 per pound, with lower volumes likely weighing on margins.Freeport-McMoRan Inc. (FCX) saw an increase in its average unit net cash cost per pound of copper in the third quarter of 2025 to $1.40 from $1.13 in the prior quarter, marking a roughly 24 ...