Freeport-McMoRan Inc. (FCX)

Copper mining on three continents, 29,000, 48% U.S.. Read October 3, 2026 from the annual report for the period ending December 31, 2025, filed February 13, 2026. Ranked 11 of the 11 Basic Materials companies read so far, by the share within reach now.

The filing states the total by region and the contractor counts beside it, nothing by kind of operation, so mining and smelting take their shares by description (c), said so.

The figures on this page come from the company's own annual report and from BLS staffing patterns for its industries, never from a roster. They are estimates with a stated method. Nothing here says what the company will do: within reach is not a forecast of jobs lost or of savings.

What follows from the reading

Share of working time within reach of AI, on the long-run pace at four in five: 11% now, 18% at the end of 2027, 22% at the end of 2028, 24% at the end of 2030. By the patterns, the work is about 24% desk work, 8% people work and 67% body work. These are the site's industry estimates weighted by the shares below: estimates with a stated method and range, not a forecast of what the company will do. By the same patterns, at the end of 2028 about 73% of the working time stays with people (conversation, in-person and hands-on work), 22% becomes checking a model's work and 4% could be handed over with lighter checks, from the industries' own figures, not the company's roles.

Headcount

29,000 employees as of December 31, 2025 (stated). 13,900 of 29,000 in the U.S.

The filing: “At December 31, 2025, we had approximately 29,000 employees (13,900 in the U.S., 7,300 in South America, 6,600 in Indonesia and 1,200 in Europe and other locations).”

The workforce as industry patterns

What the filing says about the workforce: About 29,000 employees: 13,900 in the U.S., 7,300 in South America, 6,600 in Indonesia, 1,200 in Europe and elsewhere; about 65,500 contractor personnel at its operations (27,700 in Indonesia, 18,300 in the U.S., 17,400 in South America, 2,100 elsewhere), not counted; about 28% covered by collective labor agreements, none in the U.S.; nine work-related fatalities in 2025.

What the filing says about AI

11 sentences in the filing name AI. Eleven sentences, all about demand: data centers and AI among the drivers of copper demand, with electrification, urbanization and defense spending.

• “We believe fundamentals for copper are favorable with growing demand supported by copper's critical role in electrification initiatives, continued urbanization in developing countries, data centers and artificial intelligence (AI) growth, increased defense spending and growing connectivity globally.”
• “We believe copper will continue to be essential in these basic uses as well as contribute significantly to new technologies for clean energy and advancement in communications, including the global transition to renewable power, electric vehicles and other electrification initiatives, continued urbanization in developing countries, data centers and AI developments, increased defense spending and...”
• “Examples of areas we believe will require additional copper in the future include: (i) high efficiency motors, which consume up to 75% more copper than a standard motor; (ii) electric vehicles, which consume up to four times the amount of copper in terms of weight compared to vehicles of similar size with an internal combustion engine, and require copper-intensive charging station infrastructur...”
• “We believe long-term fundamentals for copper are favorable with growing demand supported by copper's critical role in the global transition to renewable power, electric vehicles and other carbon-reduction initiatives, continued urbanization in developing countries, data centers and artificial intelligence (AI) developments and growing connectivity globally; however if these markets, industries...”
• “Many of our business and operational processes utilize traditional and emerging technology systems, including AI, to conduct day-to-day operations, improve safety and efficiency, and lower costs.”

Its annual reports, year by year

Sentences naming AI in each annual report, counted by one rule, beside the median report in the Index that year. Each count links its filing. Every company, by year and sector

• Fiscal 20210median 0
• Fiscal 20220median 0
• Fiscal 20235median 1
• Fiscal 20249median 4
• Fiscal 202511median 10

Headcount by filing year

As reported in each year's annual report, with the filing. A year marked not read had no figure the reading could take from the report's text.

Limits of this reading

• Contractor personnel, about 65,500, are left out of the headcount under rule 8 and recorded in the notes.
• No count by kind of operation: the mining and smelting shares are by description (c), with the U.S. patterns applied to the mines abroad under rule 7.

Source: the company's annual report on EDGAR, accession 0000831259-26-000012, the filing. Read by Claude Fable 5.1 under rubric version 1, by the method. A company can write to info@stratussc.com to have its reading checked against its filing.