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Copper miners shine as the full impact of the Freeport-McMoran mine disaster becomes clear
I wrote about the Indonesian copper mine disaster yesterday and outlined how it was a potential game-changer in the industrial metals space. It took the market some time to figure out the impacts but ultimately led to a crushing decline in Freeport-McMoran shares (FCX) and a jump in other miners due to the reduced supply. Shares of Freeport fell nearly 20% yesterday and are down another 4.5% today while other miners climbed strongly yesterday. It comes after Freeport detailed at 800,000 tonne mudslide at the second-largest copper mine in the world. Most of the mine is currently shut down and the company said that ... (full story)
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From bnnbloomberg.ca | Sep 25, 2025
Shares of Freeport-McMoRan tumbled Wednesday after the Phoenix-based miner said it expected a significant decline in third-quarter copper revenue due to an accident at its Indonesia mine earlier this month that will keep much of it shut down into the first half of 2026. Freeport said in a release Wednesday that it expects consolidated sales of copper to be ...
From bnnbloomberg.ca | Sep 25, 2025
Copper prices are set to rise after a deadly mudslide halted production at Freeport-McMoRan’s Indonesian mine, while global defence spending and demographic shifts are creating new opportunities for investors. Technology, meanwhile, may pause after strong AI-driven gains, though long-term prospects remain intact. BNN Bloomberg spoke with Laura Lau, chief ...
December Copper futures attempted a breakout, reaching a nine-week high, but reversed sharply amid a 3.9% pull back. This reversal was influenced by supply concerns after Freeport-McMoRan cut production guidance from the Grasberg mine. The market remains tight due to resilient Chinese demand and growth in renewable sectors, contrasting with weaker ...
