By Tatyana Shumsky
NEW YORK--Freeport McMoRan Copper & Gold Inc. (FCX) can weather a period of low copper prices, Chief Executive Richard Adkerson said on the company's second-quarter earnings conference call.
The company's copper operations will remain profitable in the face of a sharp decline in copper prices from recent levels of around $3.50 a pound, Mr. Adkerson said.
"Our project economics are not built around $3.50 copper," Mr. Adkerson said.
He added that Freeport has shown it can make "adjustments" to its operations in order to cut back output and reduce costs during the 2008 financial crisis.
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