Freeport-McMoRan gains on plans to restore production at Indonesia's Grasberg mine
ReutersNov 18, 2025 1:27 PM
Shares of copper miner Freeport-McMoRan FCX.N rise 5% to $40.8 premarket
Company plans to restore large-scale production at its Grasberg mine in Indonesia from Q2 2026, following a fatal incident that forced operations to halt earlier this year
FCX expects PT Freeport Indonesia's combined copper and gold production in 2026 to be roughly in line with 2025 levels
Remediation activities are being advanced to prepare for a phased restart and ramp-up of the Grasberg Block Cave, one of the mines at the complex - FCX
As of last close, FCX shares up 2.4% YTD
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