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    <link:label id="lab_fcx_FmcsCopperFuturesAndSwapContractsMember_6CF8C77FD6A71DB0F618F002B05A8D6A_terseLabel_en-US" xlink:label="lab_fcx_FmcsCopperFuturesAndSwapContractsMember_6CF8C77FD6A71DB0F618F002B05A8D6A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FMC's Copper Futures and Swap Contracts [Member]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_EquityMethodInvesteeNameDomain" xlink:label="loc_srt_EquityMethodInvesteeNameDomain_B32FBD727990F55D4FC9D07167049DA4" xlink:type="locator" />
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    <link:label id="lab_fcx_PtFreeportIndonesiaMember_E11538E58FE4FB2AA71AD07167049EF4_terseLabel_en-US" xlink:label="lab_fcx_PtFreeportIndonesiaMember_E11538E58FE4FB2AA71AD07167049EF4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PT Freeport Indonesia</link:label>
    <link:label id="lab_fcx_PtFreeportIndonesiaMember_E11538E58FE4FB2AA71AD07167049EF4_label_en-US" xlink:label="lab_fcx_PtFreeportIndonesiaMember_E11538E58FE4FB2AA71AD07167049EF4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PT Freeport Indonesia [Member]</link:label>
    <link:label id="lab_fcx_PtFreeportIndonesiaMember_E11538E58FE4FB2AA71AD07167049EF4_documentation_en-US" xlink:label="lab_fcx_PtFreeportIndonesiaMember_E11538E58FE4FB2AA71AD07167049EF4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information about subsidiary PT Freeport Indonesia.</link:label>
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    <link:label id="lab_dei_LegalEntityAxis_7BF0538F54DC7079DC8DD0716705E5B3_terseLabel_en-US" xlink:label="lab_dei_LegalEntityAxis_7BF0538F54DC7079DC8DD0716705E5B3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Legal Entity [Axis]</link:label>
    <link:label id="lab_dei_LegalEntityAxis_7BF0538F54DC7079DC8DD0716705E5B3_label_en-US" xlink:label="lab_dei_LegalEntityAxis_7BF0538F54DC7079DC8DD0716705E5B3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Legal Entity [Axis]</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_7BF0538F54DC7079DC8DD0716705E5B3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LegalEntityAxis_7BF0538F54DC7079DC8DD0716705E5B3" xlink:to="lab_dei_LegalEntityAxis_7BF0538F54DC7079DC8DD0716705E5B3" xlink:type="arc" />
    <link:label id="lab_dei_EntityDomain_9761923B288FDBC33324D071670554A5_terseLabel_en-US" xlink:label="lab_dei_EntityDomain_9761923B288FDBC33324D071670554A5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity [Domain]</link:label>
    <link:label id="lab_dei_EntityDomain_9761923B288FDBC33324D071670554A5_label_en-US" xlink:label="lab_dei_EntityDomain_9761923B288FDBC33324D071670554A5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity [Domain]</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_9761923B288FDBC33324D071670554A5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityDomain_9761923B288FDBC33324D071670554A5" xlink:to="lab_dei_EntityDomain_9761923B288FDBC33324D071670554A5" xlink:type="arc" />
    <link:label id="lab_fcx_PTSmeltingMember_72E0B330CFE40EE08A3CD071670622D2_terseLabel_en-US" xlink:label="lab_fcx_PTSmeltingMember_72E0B330CFE40EE08A3CD071670622D2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PT Smelting</link:label>
    <link:label id="lab_fcx_PTSmeltingMember_72E0B330CFE40EE08A3CD071670622D2_label_en-US" xlink:label="lab_fcx_PTSmeltingMember_72E0B330CFE40EE08A3CD071670622D2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PT Smelting [Member]</link:label>
    <link:label id="lab_fcx_PTSmeltingMember_72E0B330CFE40EE08A3CD071670622D2_documentation_en-US" xlink:label="lab_fcx_PTSmeltingMember_72E0B330CFE40EE08A3CD071670622D2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US" />
    <link:loc xlink:href="fcx-20200331.xsd#fcx_PTSmeltingMember" xlink:label="loc_fcx_PTSmeltingMember_72E0B330CFE40EE08A3CD071670622D2" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LossContingenciesLineItems_121498B108871A4B94DAD07167096190_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingenciesLineItems_121498B108871A4B94DAD07167096190" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss Contingencies [Line Items]</link:label>
    <link:label id="lab_us-gaap_LossContingenciesLineItems_121498B108871A4B94DAD07167096190_label_en-US" xlink:label="lab_us-gaap_LossContingenciesLineItems_121498B108871A4B94DAD07167096190" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingencies [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LossContingenciesLineItems" xlink:label="loc_us-gaap_LossContingenciesLineItems_121498B108871A4B94DAD07167096190" xlink:type="locator" />
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    <link:label id="lab_us-gaap_InvestmentOwnedPercentOfNetAssets_07AD347FC7E6847E7B83D071670A47A1_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentOwnedPercentOfNetAssets_07AD347FC7E6847E7B83D071670A47A1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment owned, percent</link:label>
    <link:label id="lab_us-gaap_InvestmentOwnedPercentOfNetAssets_07AD347FC7E6847E7B83D071670A47A1_label_en-US" xlink:label="lab_us-gaap_InvestmentOwnedPercentOfNetAssets_07AD347FC7E6847E7B83D071670A47A1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment Owned, Percent of Net Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentOwnedPercentOfNetAssets" xlink:label="loc_us-gaap_InvestmentOwnedPercentOfNetAssets_07AD347FC7E6847E7B83D071670A47A1" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_7D2BC8FFC4E1DA2DB760EC570B6E6D30_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_7D2BC8FFC4E1DA2DB760EC570B6E6D30" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segment Reporting Information By Segment [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_7D2BC8FFC4E1DA2DB760EC570B6E6D30_label_en-US" xlink:label="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_7D2BC8FFC4E1DA2DB760EC570B6E6D30" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Segment Reporting Information, by Segment [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_7D2BC8FFC4E1DA2DB760EC570B6E6D30" xlink:type="locator" />
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    <link:label id="lab_us-gaap_StatementBusinessSegmentsAxis_64329C2130170C98593DEC570B6EB613_terseLabel_en-US" xlink:label="lab_us-gaap_StatementBusinessSegmentsAxis_64329C2130170C98593DEC570B6EB613" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segments [Axis]</link:label>
    <link:label id="lab_us-gaap_StatementBusinessSegmentsAxis_64329C2130170C98593DEC570B6EB613_label_en-US" xlink:label="lab_us-gaap_StatementBusinessSegmentsAxis_64329C2130170C98593DEC570B6EB613" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [Axis]</link:label>
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    <link:label id="lab_us-gaap_SegmentDomain_B03514423376BF7F5F2EEC570B6F4060_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentDomain_B03514423376BF7F5F2EEC570B6F4060" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segments [Domain]</link:label>
    <link:label id="lab_us-gaap_SegmentDomain_B03514423376BF7F5F2EEC570B6F4060_label_en-US" xlink:label="lab_us-gaap_SegmentDomain_B03514423376BF7F5F2EEC570B6F4060" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [Domain]</link:label>
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    <link:label id="lab_fcx_MorenciMember_1E37DC6F5E520E0796FBEC570B6FA66C_terseLabel_en-US" xlink:label="lab_fcx_MorenciMember_1E37DC6F5E520E0796FBEC570B6FA66C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Morenci [Member]</link:label>
    <link:label id="lab_fcx_MorenciMember_1E37DC6F5E520E0796FBEC570B6FA66C_label_en-US" xlink:label="lab_fcx_MorenciMember_1E37DC6F5E520E0796FBEC570B6FA66C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Morenci [Member]</link:label>
    <link:label id="lab_fcx_MorenciMember_1E37DC6F5E520E0796FBEC570B6FA66C_documentation_en-US" xlink:label="lab_fcx_MorenciMember_1E37DC6F5E520E0796FBEC570B6FA66C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US" />
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    <link:label id="lab_fcx_BagdadMember_2DA33E4936DBAD4B3EDBEC570B70DCA0_terseLabel_en-US" xlink:label="lab_fcx_BagdadMember_2DA33E4936DBAD4B3EDBEC570B70DCA0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Bagdad [Member]</link:label>
    <link:label id="lab_fcx_BagdadMember_2DA33E4936DBAD4B3EDBEC570B70DCA0_label_en-US" xlink:label="lab_fcx_BagdadMember_2DA33E4936DBAD4B3EDBEC570B70DCA0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bagdad [Member]</link:label>
    <link:label id="lab_fcx_BagdadMember_2DA33E4936DBAD4B3EDBEC570B70DCA0_documentation_en-US" xlink:label="lab_fcx_BagdadMember_2DA33E4936DBAD4B3EDBEC570B70DCA0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US" />
    <link:loc xlink:href="fcx-20200331.xsd#fcx_BagdadMember" xlink:label="loc_fcx_BagdadMember_2DA33E4936DBAD4B3EDBEC570B70DCA0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fcx_BagdadMember_2DA33E4936DBAD4B3EDBEC570B70DCA0" xlink:to="lab_fcx_BagdadMember_2DA33E4936DBAD4B3EDBEC570B70DCA0" xlink:type="arc" />
    <link:label id="lab_fcx_OtherMinesNorthAmericaCopperMinesSegmentMember_29B31F5E424EA2F1B373EC5C66D71101_terseLabel_en-US" xlink:label="lab_fcx_OtherMinesNorthAmericaCopperMinesSegmentMember_29B31F5E424EA2F1B373EC5C66D71101" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Mines North America Copper Mines Segment [Member]</link:label>
    <link:label id="lab_fcx_OtherMinesNorthAmericaCopperMinesSegmentMember_29B31F5E424EA2F1B373EC5C66D71101_label_en-US" xlink:label="lab_fcx_OtherMinesNorthAmericaCopperMinesSegmentMember_29B31F5E424EA2F1B373EC5C66D71101" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Mines North America Copper Mines Segment [Member]</link:label>
    <link:label id="lab_fcx_OtherMinesNorthAmericaCopperMinesSegmentMember_29B31F5E424EA2F1B373EC5C66D71101_documentation_en-US" xlink:label="lab_fcx_OtherMinesNorthAmericaCopperMinesSegmentMember_29B31F5E424EA2F1B373EC5C66D71101" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element details the information for the mines in North America not included as individual reportable segments.</link:label>
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    <link:label id="lab_fcx_OtherIndividuallyImmaterialOperatingSegmentsMember_5F0B14243761F0504A21EC570B701D4F_terseLabel_en-US" xlink:label="lab_fcx_OtherIndividuallyImmaterialOperatingSegmentsMember_5F0B14243761F0504A21EC570B701D4F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Individually Immaterial Operating Segments [Member]</link:label>
    <link:label id="lab_fcx_OtherIndividuallyImmaterialOperatingSegmentsMember_5F0B14243761F0504A21EC570B701D4F_label_en-US" xlink:label="lab_fcx_OtherIndividuallyImmaterialOperatingSegmentsMember_5F0B14243761F0504A21EC570B701D4F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Individually Immaterial Operating Segments [Member]</link:label>
    <link:label id="lab_fcx_OtherIndividuallyImmaterialOperatingSegmentsMember_5F0B14243761F0504A21EC570B701D4F_documentation_en-US" xlink:label="lab_fcx_OtherIndividuallyImmaterialOperatingSegmentsMember_5F0B14243761F0504A21EC570B701D4F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Individually Immaterial Operating Segments [Member]</link:label>
    <link:loc xlink:href="fcx-20200331.xsd#fcx_OtherIndividuallyImmaterialOperatingSegmentsMember" xlink:label="loc_fcx_OtherIndividuallyImmaterialOperatingSegmentsMember_5F0B14243761F0504A21EC570B701D4F" xlink:type="locator" />
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    <link:label id="lab_fcx_CerroVerdeMember_585B061B988A1CA59702EC570B705056_terseLabel_en-US" xlink:label="lab_fcx_CerroVerdeMember_585B061B988A1CA59702EC570B705056" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cerro Verde [Member]</link:label>
    <link:label id="lab_fcx_CerroVerdeMember_585B061B988A1CA59702EC570B705056_label_en-US" xlink:label="lab_fcx_CerroVerdeMember_585B061B988A1CA59702EC570B705056" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cerro Verde [Member]</link:label>
    <link:label id="lab_fcx_CerroVerdeMember_585B061B988A1CA59702EC570B705056_documentation_en-US" xlink:label="lab_fcx_CerroVerdeMember_585B061B988A1CA59702EC570B705056" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information about subsidiary Cerro Verde.</link:label>
    <link:loc xlink:href="fcx-20200331.xsd#fcx_CerroVerdeMember" xlink:label="loc_fcx_CerroVerdeMember_585B061B988A1CA59702EC570B705056" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fcx_CerroVerdeMember_585B061B988A1CA59702EC570B705056" xlink:to="lab_fcx_CerroVerdeMember_585B061B988A1CA59702EC570B705056" xlink:type="arc" />
    <link:label id="lab_fcx_GrasbergSegmentMember_310FF6B1C1330B34B022EC570B70B9D8_terseLabel_en-US" xlink:label="lab_fcx_GrasbergSegmentMember_310FF6B1C1330B34B022EC570B70B9D8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Grasberg Segment [Member]</link:label>
    <link:label id="lab_fcx_GrasbergSegmentMember_310FF6B1C1330B34B022EC570B70B9D8_label_en-US" xlink:label="lab_fcx_GrasbergSegmentMember_310FF6B1C1330B34B022EC570B70B9D8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Grasberg Segment [Member]</link:label>
    <link:label id="lab_fcx_GrasbergSegmentMember_310FF6B1C1330B34B022EC570B70B9D8_documentation_en-US" xlink:label="lab_fcx_GrasbergSegmentMember_310FF6B1C1330B34B022EC570B70B9D8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information on Grasberg, the Indonesia mine also reported as an individual segment.</link:label>
    <link:loc xlink:href="fcx-20200331.xsd#fcx_GrasbergSegmentMember" xlink:label="loc_fcx_GrasbergSegmentMember_310FF6B1C1330B34B022EC570B70B9D8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fcx_GrasbergSegmentMember_310FF6B1C1330B34B022EC570B70B9D8" xlink:to="lab_fcx_GrasbergSegmentMember_310FF6B1C1330B34B022EC570B70B9D8" xlink:type="arc" />
    <link:label id="lab_fcx_RodAndRefiningSegmentMember_C4C23DFC6DD9552343C3EC570B705C88_terseLabel_en-US" xlink:label="lab_fcx_RodAndRefiningSegmentMember_C4C23DFC6DD9552343C3EC570B705C88" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Rod and Refining Segment [Member]</link:label>
    <link:label id="lab_fcx_RodAndRefiningSegmentMember_C4C23DFC6DD9552343C3EC570B705C88_label_en-US" xlink:label="lab_fcx_RodAndRefiningSegmentMember_C4C23DFC6DD9552343C3EC570B705C88" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rod and Refining Segment [Member]</link:label>
    <link:label id="lab_fcx_RodAndRefiningSegmentMember_C4C23DFC6DD9552343C3EC570B705C88_documentation_en-US" xlink:label="lab_fcx_RodAndRefiningSegmentMember_C4C23DFC6DD9552343C3EC570B705C88" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information on the segment which consists of copper conversion facilities located in North American and includes a refinery, three rod mills and a specialty copper products facility.</link:label>
    <link:loc xlink:href="fcx-20200331.xsd#fcx_RodAndRefiningSegmentMember" xlink:label="loc_fcx_RodAndRefiningSegmentMember_C4C23DFC6DD9552343C3EC570B705C88" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fcx_RodAndRefiningSegmentMember_C4C23DFC6DD9552343C3EC570B705C88" xlink:to="lab_fcx_RodAndRefiningSegmentMember_C4C23DFC6DD9552343C3EC570B705C88" xlink:type="arc" />
    <link:label id="lab_fcx_AtlanticCopperSmeltingAndRefiningSegmentMember_AB3E56D2066E5033135DEC570B719A11_terseLabel_en-US" xlink:label="lab_fcx_AtlanticCopperSmeltingAndRefiningSegmentMember_AB3E56D2066E5033135DEC570B719A11" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Atlantic Copper Smelting and Refining Segment [Member]</link:label>
    <link:label id="lab_fcx_AtlanticCopperSmeltingAndRefiningSegmentMember_AB3E56D2066E5033135DEC570B719A11_label_en-US" xlink:label="lab_fcx_AtlanticCopperSmeltingAndRefiningSegmentMember_AB3E56D2066E5033135DEC570B719A11" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Atlantic Copper Smelting and Refining Segment [Member]</link:label>
    <link:label id="lab_fcx_AtlanticCopperSmeltingAndRefiningSegmentMember_AB3E56D2066E5033135DEC570B719A11_documentation_en-US" xlink:label="lab_fcx_AtlanticCopperSmeltingAndRefiningSegmentMember_AB3E56D2066E5033135DEC570B719A11" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information on the segment which consists of a wholly owned smelting unit in Spain which smelts and refines copper concentrates and markets refined copper and precious metals in slimes.</link:label>
    <link:loc xlink:href="fcx-20200331.xsd#fcx_AtlanticCopperSmeltingAndRefiningSegmentMember" xlink:label="loc_fcx_AtlanticCopperSmeltingAndRefiningSegmentMember_AB3E56D2066E5033135DEC570B719A11" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fcx_AtlanticCopperSmeltingAndRefiningSegmentMember_AB3E56D2066E5033135DEC570B719A11" xlink:to="lab_fcx_AtlanticCopperSmeltingAndRefiningSegmentMember_AB3E56D2066E5033135DEC570B719A11" xlink:type="arc" />
    <link:label id="lab_fcx_CorporateAndEliminationsMember_BCBCC35E42B561E2F146EC570B71513B_terseLabel_en-US" xlink:label="lab_fcx_CorporateAndEliminationsMember_BCBCC35E42B561E2F146EC570B71513B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Corporate And Eliminations</link:label>
    <link:label id="lab_fcx_CorporateAndEliminationsMember_BCBCC35E42B561E2F146EC570B71513B_label_en-US" xlink:label="lab_fcx_CorporateAndEliminationsMember_BCBCC35E42B561E2F146EC570B71513B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Corporate And Eliminations [Member]</link:label>
    <link:label id="lab_fcx_CorporateAndEliminationsMember_BCBCC35E42B561E2F146EC570B71513B_documentation_en-US" xlink:label="lab_fcx_CorporateAndEliminationsMember_BCBCC35E42B561E2F146EC570B71513B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the aggregate total of oil and gas, non operating corporate items and elimination items.</link:label>
    <link:loc xlink:href="fcx-20200331.xsd#fcx_CorporateAndEliminationsMember" xlink:label="loc_fcx_CorporateAndEliminationsMember_BCBCC35E42B561E2F146EC570B71513B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fcx_CorporateAndEliminationsMember_BCBCC35E42B561E2F146EC570B71513B" xlink:to="lab_fcx_CorporateAndEliminationsMember_BCBCC35E42B561E2F146EC570B71513B" xlink:type="arc" />
    <link:label id="lab_srt_CounterpartyNameAxis_1DCD2A2C832D60902D61EC570B71F8C6_terseLabel_en-US" xlink:label="lab_srt_CounterpartyNameAxis_1DCD2A2C832D60902D61EC570B71F8C6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Counterparty Name [Axis]</link:label>
    <link:label id="lab_srt_CounterpartyNameAxis_1DCD2A2C832D60902D61EC570B71F8C6_label_en-US" xlink:label="lab_srt_CounterpartyNameAxis_1DCD2A2C832D60902D61EC570B71F8C6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Counterparty Name [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_CounterpartyNameAxis" xlink:label="loc_srt_CounterpartyNameAxis_1DCD2A2C832D60902D61EC570B71F8C6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_CounterpartyNameAxis_1DCD2A2C832D60902D61EC570B71F8C6" xlink:to="lab_srt_CounterpartyNameAxis_1DCD2A2C832D60902D61EC570B71F8C6" xlink:type="arc" />
    <link:label id="lab_srt_RepurchaseAgreementCounterpartyNameDomain_93A66DA54D1E36D2A27CEC570B710ADA_terseLabel_en-US" xlink:label="lab_srt_RepurchaseAgreementCounterpartyNameDomain_93A66DA54D1E36D2A27CEC570B710ADA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Counterparty Name [Domain]</link:label>
    <link:label id="lab_srt_RepurchaseAgreementCounterpartyNameDomain_93A66DA54D1E36D2A27CEC570B710ADA_label_en-US" xlink:label="lab_srt_RepurchaseAgreementCounterpartyNameDomain_93A66DA54D1E36D2A27CEC570B710ADA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Counterparty Name [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RepurchaseAgreementCounterpartyNameDomain" xlink:label="loc_srt_RepurchaseAgreementCounterpartyNameDomain_93A66DA54D1E36D2A27CEC570B710ADA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_RepurchaseAgreementCounterpartyNameDomain_93A66DA54D1E36D2A27CEC570B710ADA" xlink:to="lab_srt_RepurchaseAgreementCounterpartyNameDomain_93A66DA54D1E36D2A27CEC570B710ADA" xlink:type="arc" />
    <link:label id="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_16BDC5B20E293C48F003EC570B720E33_terseLabel_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_16BDC5B20E293C48F003EC570B720E33" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related Party [Axis]</link:label>
    <link:label id="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_16BDC5B20E293C48F003EC570B720E33_label_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_16BDC5B20E293C48F003EC570B720E33" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_16BDC5B20E293C48F003EC570B720E33" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_16BDC5B20E293C48F003EC570B720E33" xlink:to="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_16BDC5B20E293C48F003EC570B720E33" xlink:type="arc" />
    <link:label id="lab_us-gaap_RelatedPartyDomain_DEDF6BC96AD2E5E053D9EC570B73756F_terseLabel_en-US" xlink:label="lab_us-gaap_RelatedPartyDomain_DEDF6BC96AD2E5E053D9EC570B73756F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related Party [Domain]</link:label>
    <link:label id="lab_us-gaap_RelatedPartyDomain_DEDF6BC96AD2E5E053D9EC570B73756F_label_en-US" xlink:label="lab_us-gaap_RelatedPartyDomain_DEDF6BC96AD2E5E053D9EC570B73756F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RelatedPartyDomain" xlink:label="loc_us-gaap_RelatedPartyDomain_DEDF6BC96AD2E5E053D9EC570B73756F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RelatedPartyDomain_DEDF6BC96AD2E5E053D9EC570B73756F" xlink:to="lab_us-gaap_RelatedPartyDomain_DEDF6BC96AD2E5E053D9EC570B73756F" xlink:type="arc" />
    <link:label id="lab_srt_AffiliatedEntityMember_2453214520DCDB947F19EC570B73410B_terseLabel_en-US" xlink:label="lab_srt_AffiliatedEntityMember_2453214520DCDB947F19EC570B73410B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Affiliated Entity [Member]</link:label>
    <link:label id="lab_srt_AffiliatedEntityMember_2453214520DCDB947F19EC570B73410B_label_en-US" xlink:label="lab_srt_AffiliatedEntityMember_2453214520DCDB947F19EC570B73410B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Affiliated Entity [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_AffiliatedEntityMember" xlink:label="loc_srt_AffiliatedEntityMember_2453214520DCDB947F19EC570B73410B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_AffiliatedEntityMember_2453214520DCDB947F19EC570B73410B" xlink:to="lab_srt_AffiliatedEntityMember_2453214520DCDB947F19EC570B73410B" xlink:type="arc" />
    <link:label id="lab_srt_ConsolidationItemsAxis_E5E2DDFD10178C06DA26EC570B78018C_terseLabel_en-US" xlink:label="lab_srt_ConsolidationItemsAxis_E5E2DDFD10178C06DA26EC570B78018C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consolidation Items [Axis]</link:label>
    <link:label id="lab_srt_ConsolidationItemsAxis_E5E2DDFD10178C06DA26EC570B78018C_label_en-US" xlink:label="lab_srt_ConsolidationItemsAxis_E5E2DDFD10178C06DA26EC570B78018C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consolidation Items [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidationItemsAxis" xlink:label="loc_srt_ConsolidationItemsAxis_E5E2DDFD10178C06DA26EC570B78018C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ConsolidationItemsAxis_E5E2DDFD10178C06DA26EC570B78018C" xlink:to="lab_srt_ConsolidationItemsAxis_E5E2DDFD10178C06DA26EC570B78018C" xlink:type="arc" />
    <link:label id="lab_srt_ConsolidationItemsDomain_43257ACCD63E3ED29A45EC570B79383C_terseLabel_en-US" xlink:label="lab_srt_ConsolidationItemsDomain_43257ACCD63E3ED29A45EC570B79383C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consolidation Items [Domain]</link:label>
    <link:label id="lab_srt_ConsolidationItemsDomain_43257ACCD63E3ED29A45EC570B79383C_label_en-US" xlink:label="lab_srt_ConsolidationItemsDomain_43257ACCD63E3ED29A45EC570B79383C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consolidation Items [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidationItemsDomain" xlink:label="loc_srt_ConsolidationItemsDomain_43257ACCD63E3ED29A45EC570B79383C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ConsolidationItemsDomain_43257ACCD63E3ED29A45EC570B79383C" xlink:to="lab_srt_ConsolidationItemsDomain_43257ACCD63E3ED29A45EC570B79383C" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingSegmentsMember_2D3CE0E44FD57C035067EC570B79CE65_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingSegmentsMember_2D3CE0E44FD57C035067EC570B79CE65" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Segments</link:label>
    <link:label id="lab_us-gaap_OperatingSegmentsMember_2D3CE0E44FD57C035067EC570B79CE65_label_en-US" xlink:label="lab_us-gaap_OperatingSegmentsMember_2D3CE0E44FD57C035067EC570B79CE65" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Segments [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingSegmentsMember" xlink:label="loc_us-gaap_OperatingSegmentsMember_2D3CE0E44FD57C035067EC570B79CE65" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingSegmentsMember_2D3CE0E44FD57C035067EC570B79CE65" xlink:to="lab_us-gaap_OperatingSegmentsMember_2D3CE0E44FD57C035067EC570B79CE65" xlink:type="arc" />
    <link:label id="lab_us-gaap_IntersegmentEliminationMember_3CCF36C52CFFE486126DEC570B7AD646_verboseLabel_en-US" xlink:label="lab_us-gaap_IntersegmentEliminationMember_3CCF36C52CFFE486126DEC570B7AD646" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Intersegment</link:label>
    <link:label id="lab_us-gaap_IntersegmentEliminationMember_3CCF36C52CFFE486126DEC570B7AD646_label_en-US" xlink:label="lab_us-gaap_IntersegmentEliminationMember_3CCF36C52CFFE486126DEC570B7AD646" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intersegment Eliminations [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IntersegmentEliminationMember" xlink:label="loc_us-gaap_IntersegmentEliminationMember_3CCF36C52CFFE486126DEC570B7AD646" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IntersegmentEliminationMember_3CCF36C52CFFE486126DEC570B7AD646" xlink:to="lab_us-gaap_IntersegmentEliminationMember_3CCF36C52CFFE486126DEC570B7AD646" xlink:type="arc" />
    <link:label id="lab_srt_StatementGeographicalAxis_786DDE842FED3376BBDCEC570B7A1E84_terseLabel_en-US" xlink:label="lab_srt_StatementGeographicalAxis_786DDE842FED3376BBDCEC570B7A1E84" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Geographical [Axis]</link:label>
    <link:label id="lab_srt_StatementGeographicalAxis_786DDE842FED3376BBDCEC570B7A1E84_label_en-US" xlink:label="lab_srt_StatementGeographicalAxis_786DDE842FED3376BBDCEC570B7A1E84" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographical [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_StatementGeographicalAxis" xlink:label="loc_srt_StatementGeographicalAxis_786DDE842FED3376BBDCEC570B7A1E84" xlink:type="locator" />
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    <link:label id="lab_srt_SegmentGeographicalDomain_C908DBD45CF2FD3E9C7EEC570B7A782F_terseLabel_en-US" xlink:label="lab_srt_SegmentGeographicalDomain_C908DBD45CF2FD3E9C7EEC570B7A782F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Geographical [Domain]</link:label>
    <link:label id="lab_srt_SegmentGeographicalDomain_C908DBD45CF2FD3E9C7EEC570B7A782F_label_en-US" xlink:label="lab_srt_SegmentGeographicalDomain_C908DBD45CF2FD3E9C7EEC570B7A782F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographical [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_SegmentGeographicalDomain" xlink:label="loc_srt_SegmentGeographicalDomain_C908DBD45CF2FD3E9C7EEC570B7A782F" xlink:type="locator" />
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    <link:label id="lab_srt_LitigationCaseTypeDomain_02A29BD65F5255EEFA05F083F6DB3D5B_label_en-US" xlink:label="lab_srt_LitigationCaseTypeDomain_02A29BD65F5255EEFA05F083F6DB3D5B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Litigation Case [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_LitigationCaseTypeDomain" xlink:label="loc_srt_LitigationCaseTypeDomain_02A29BD65F5255EEFA05F083F6DB3D5B" xlink:type="locator" />
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    <link:label id="lab_fcx_CerroVerdeRoyaltyDisputeMember_ED1E69545AC32032F431F083F6DBB031_terseLabel_en-US" xlink:label="lab_fcx_CerroVerdeRoyaltyDisputeMember_ED1E69545AC32032F431F083F6DBB031" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cerro Verde Royalty Dispute</link:label>
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    <link:loc xlink:href="fcx-20200331.xsd#fcx_CerroVerdeRoyaltyDisputeMember" xlink:label="loc_fcx_CerroVerdeRoyaltyDisputeMember_ED1E69545AC32032F431F083F6DBB031" xlink:type="locator" />
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    <link:label id="lab_fcx_NorthAmericaCopperMinesSegmentMember_E554584EE72DE3157414F083F6DB00DF_terseLabel_en-US" xlink:label="lab_fcx_NorthAmericaCopperMinesSegmentMember_E554584EE72DE3157414F083F6DB00DF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">North America Copper Mines Segment [Member]</link:label>
    <link:label id="lab_fcx_NorthAmericaCopperMinesSegmentMember_E554584EE72DE3157414F083F6DB00DF_label_en-US" xlink:label="lab_fcx_NorthAmericaCopperMinesSegmentMember_E554584EE72DE3157414F083F6DB00DF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">North America Copper Mines Segment [Member]</link:label>
    <link:label id="lab_fcx_NorthAmericaCopperMinesSegmentMember_E554584EE72DE3157414F083F6DB00DF_documentation_en-US" xlink:label="lab_fcx_NorthAmericaCopperMinesSegmentMember_E554584EE72DE3157414F083F6DB00DF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information on North America copper mines.</link:label>
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    <link:loc xlink:href="fcx-20200331.xsd#fcx_SouthAmericaMinesSegmentMember" xlink:label="loc_fcx_SouthAmericaMinesSegmentMember_D86E93B441D10D2F553EF083F6DBA1A6" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PensionAndOtherPostretirementBenefitContributions" xlink:label="loc_us-gaap_PensionAndOtherPostretirementBenefitContributions_EB865800BA247E2CF4D2F083F6DB45D7" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OtherOperatingActivitiesCashFlowStatement_36273A986A2C6FD61425F083F6DBCB1F_terseLabel_en-US" xlink:label="lab_us-gaap_OtherOperatingActivitiesCashFlowStatement_36273A986A2C6FD61425F083F6DBCB1F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other, net</link:label>
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