Statement of Changes in Beneficial Ownership (4)

FORM 4

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * ADKERSON RICHARD C	2. Issuer Name and Ticker or Trading Symbol FREEPORT-MCMORAN INC [ FCX ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director                    _____ 10% Owner __X__ Officer (give title below)    _____ Other (specify below) Vice Chairman, President & CEO
(Last)          (First)          (Middle) 333 NORTH CENTRAL AVENUE	3. Date of Earliest Transaction (MM/DD/YYYY) 2/4/2020
(Street) PHOENIX, AZ 85004 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	2/4/2020		A(1)		220763	A	$0.00	2860778	D
Common Stock (2)	2/4/2020		F(3)		83745	D	$11.44	2777033	D
Common Stock								370801	I	Through GRATs
Common Stock								192330	I	By IRA

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options (Right to Buy)	$12.04	2/4/2020		A		632500		2/4/2021 (4)	2/4/2030	Common Stock	632500	$0.00	632500	D

Explanation of Responses:
(1)	Shares acquired through vesting of performance share units (PSUs) granted on February 7, 2017.
(2)	Amount beneficially owned includes 1,367,000 Common Stock Restricted Stock Units, 1,000,000 of which are vested but deferred.
(3)	Shares withheld to cover the taxes due upon the vesting of PSUs.
(4)	33.3% exercisable on the date indicated and on each of the next two anniversaries thereof.

Remarks: In addition to the awards reported herein, on February 4, 2020, the Reporting Person also received a grant of PSUs, which will be reflected on a Form 4 if and when such units vest. Vesting of the PSUs will be determined by the Issuer's average return on investment and relative TSR over the three-year performance period ending December 31, 2022. Since the date of Mr. Adkerson's last Form 4 reporting holdings in Table 1, 229,199 shares of the Issuer's Common Stock previously reported as indirectly held in a GRAT are now reported as directly held.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
ADKERSON RICHARD C 333 NORTH CENTRAL AVENUE PHOENIX, AZ 85004	X		Vice Chairman, President & CEO

Signatures
Kelly C. Simoneaux, on behalf of Richard C. Adkerson pursuant to a power of attorney		2/6/2020
**Signature of Reporting Person		Date