Freeport Indonesia Lowers 2025 Output Target by 9.9%

FREEPORT - JAKARTA. Copper miner Freeport Indonesia has lowered its 2025 concentrate output target by almost a tenth to 3.29 million tons and is aiming for copper output of 1.67 billion pounds (757,499 metric tons), below last year's production of 1.8 billion pounds, the firm's chief said on Thursday.

The miner's output in 2026 is expected to drop further to 3.15 million tons of concentrate and 1.58 billion pounds of copper, Freeport Indonesia chief executive Tony Wenas told a parliamentary hearing.