# Who does Freeport-McMoRan Inc. pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/freeport-mcmoran · Facet: suppliers · Updated: 2026-09-11T15:32:17.76859+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Freeport-McMoRan Inc.'s confirmed suppliers/cost counterparties include Caterpillar plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 2 cost edges, backed by 4 dated sources, 1 of them primary filings (as of 2026-09-11).

### PT Smelting (high)
- metric: Amount $254M · through 2024-06-30 · PT Smelting expansion loans converted into new shares
- note: PT Freeport Indonesia financed PT Smelting's expansion with loans and then converted the full amount into new shares. The transaction increased PT Freeport Indonesia's ownership while PT Smelting remained an equity-method investment.
- [confirms] SEC EDGAR (EN, filing, published 2024-08-07) https://www.sec.gov/Archives/edgar/data/831259/000083125924000031/fcx-20240630.htm: "$254 million of PT-FI funding converted to equity effective June 30, 2024."
- [confirms] Mitsubishi Materials (EN, ir, published 2024-08-07) https://ir.mmc.co.jp/en/ir/news/auto_20240806564138/pdfFile.pdf: "PTS will receive full financing from PTFI for the expansion work."

### PT Smelting (high)
- metric: Amount $200M · FY2025 · PT Smelting tolling-related charges
- note: PT Freeport Indonesia sends concentrate to PT Smelting, pays tolling fees and retains title to the resulting products. Both FCX's filing and material from PT Smelting's operator confirm this tolling structure.
- [mentions] Shanghai Metals Market (SMM) (KO, analysis, published 2026-08-11) https://news.metal.com/ko/newscontent/104053514-pt-%EC%8A%A4%EB%A9%9C%ED%8C%85-%EA%B7%B8%EB%A0%88%EC%8B%9D-%EB%8F%8C%EB%B0%9C-%EC%82%AC%EA%B3%A0smm-%EB%B6%84%EC%84%9D: "SMM linked the Gresik smelter disruption to production figures reported in Freeport-McMoRan's annual report."
- [confirms] Freeport-McMoRan and SEC EDGAR (EN, filing, published 2026-02-13) https://s22.q4cdn.com/529358580/files/doc_financials/10-K/10_k2025.pdf: "PTFI recorded tolling-related charges of $200 million in 2025."
- [confirms] Mitsubishi Materials (EN, ir, published 2024-08-07) https://ir.mmc.co.jp/en/ir/news/auto_20240806564138/pdfFile.pdf: "Contract smelting of copper concentrate in Indonesia."

### Caterpillar (mid)  → /caterpillar.md
- note: Freeport-McMoRan uses Caterpillar's certified rebuild program to maintain Cat mining-truck fleets across its operations. The value of the underlying equipment and service contracts is not disclosed.
- [confirms] Caterpillar (EN, ir, published 2025-03-26) https://www.cat.com/en_US/blog/mining/articles/truck-rebuild-program-freeport.html: "Freeport adopted a rebuild program with Caterpillar to support its global Cat truck fleets."

Reverse side: https://valuechain.wiki/freeport-mcmoran/customers.md · Ripple: https://valuechain.wiki/freeport-mcmoran/ripple.md

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