Freeport to Delay Indonesian Copper Sales to Second Quarter of 2025 after Fire

FREEPORT - LONDON. U.S. copper miner Freeport McMoRan will postpone its sales of refined copper from Indonesia until the second quarter of 2025 as a fire at its new smelter causes a further production delay, two sources with knowledge of the matter said.

Long production delays at the new Manyar smelter, with an output capacity of 480,000 metric tons of copper cathode a year, are likely to narrow an expected 2025 surplus of the metal and support prices.

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