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US worker shortage denting Freeport-McMoRan's copper output

From miningweekly.com

Freeport-McMoRan warned on Wednesday that its struggle to find workers in the United States is limiting the amount of copper it can produce for the green energy transition. The worker shortage reflects the talent crunch facing the broader mining industry, as well as the wider macroeconomic trend of workers jumping between jobs in the wake of the coronavirus pandemic. Freeport, which operates seven mines in the United States, including North America's largest mine, has 1,300 job openings in the country, more than 10% of its U.S. workforce. The company's US copper production fell 7% last quarter from the same period in ... (full story)

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  • Category: Fundamental Analysis