Good morning, everyone, and welcome to the Freeport conference call. Earlier this morning, FCX reported its fourth-quarter and full-year 2024 operating and financial results. A copy of today's release with supplemental schedules and slides are available on our website, fcx.com. Today's conference call is being broadcast live on the Internet.

Freeport-McMoRan Inc. FCX is set to release fourth-quarter 2024 results before the opening bell on Jan. 23. See the Zacks Earnings Calendar to stay ahead of market-making news. The mining giant’s earnings beat the Zacks Consensus Estimate in three of the last four quarters while missed once.