The Latest Breaking News from Grasberg

Freeport-McMoRan's market position and surging copper demand from global electrification trends signal a strong long-term outlook despite recent volatility.

Copper prices are on the rise due to supply issues, primarily stemming from a production stoppage at the Grasberg mine in Indonesia, one of the world’s largest copper producers.

Freeport-McMoRan Inc (NYSE:FCX) shares are trading lower Tuesday after the company announced a temporary suspension of operations at its Grasberg Block Cave mine in Papua, Indonesia. The halt in operations comes after a large flow of wet material blocked access to an area of the underground mine, trapping seven team…

Dealing in metal from Papua could break UK law because of environmental impact of mining it, campaigners argue

Freeport-McMoRan Inc (NYSE:FCX) reported first-quarter revenue growth of 36.1% year-over-year to $6.6 billion, beating the consensus of $6.41 billion. Adjusted EPS improved to $1.07 from $0.51 in 1Q21, beating the consensus of $0.94. Average realized prices were $4.66 per pound for copper, $1,920 per ounce for gold, and $19.30 per pound for…