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Copper and copper miners jump again as the Grasberg fallout reverberates
The market was slow to pickup on the importance of the Freeport-McMoran update following the mudslide at its massive Grasberg mine but it's quickly becoming clear. About 70% of the mine is currently shut down and executives said next year's production could be down 35% vs. pre-incident estimates. That will take about 1.2% of global supply offline and put the entire market into a deficit. Two miners are dead and five miners remain missing following the 800,000 tonne mudslide and today FCX called off search efforts. Goldman Sachs estimates the disaster has shifted its 2025 global copper balance from a projected surplus ... (full story)
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From youtube.com/realvisionfinance|Sep 29, 2025Andreas Steno and Mikkel Rosenvold of Steno Research start our week by examining the latest macro news and trends moving global markets.
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- Sep 29, 2025 12:40pm Posted byFundamental Analysis182
