McMoRan Copper & Gold (FCX.US) Q2 earnings exceeded expectations. The copper tariff policy is expected to bring in $1.6 billion in profits.

According to the Wisdom Finance APP, on Wednesday, mining giant Freeport-McMoRan (FCX.US) announced that its second-quarter earnings exceeded Wall Street's expectations, as the increase in copper and gold prices offset the impact of production decline. The company reported adjusted earnings per share of 54 cents for the three months ending on June 30, while analysts' average expectations were 45 cents.