Freeport-McMoRan CEO states lack of details on Trump’s 50% copper tariff. Tariff to boost U.S. copper, unclear specifics. U.S. imports half its copper annually. Freeport could benefit with a $1.6 billion profit boost. Company may consider shipping Indonesian copper to U.S. No plans for new U.S. smelter. Freeport lobbying for mine-permitting process streamlining to increase U.S. copper output.

Freeport beats profit estimates in Q2. Adjusted profit at 54 cents per share, exceeding analysts’ 45 cents estimate. Shares down 1.5% at $45.09. Expects to sell 1.3 billion pounds from domestic mines by 2025. Warns of 5% cost increase if suppliers pass on tariff expenses. Copper price at $4.54 per pound, gold at $3,291 per ounce. Copper production drops 7% in Q2.

Read more at Yahoo Finance: Freeport-McMoRan still waiting for US copper tariff details, CEO says