Lates News

Freeport's stock price fell as much as 9.6% in pre-market trading on Wednesday. The company had previously announced that production at its Grasberg Block Cave mine in Indonesia would be temporarily suspended following a fatal mudslide accident, leading to a reduction in copper and gold output. Production may not return to pre-accident levels until 2027. Meanwhile, other stocks such as Teck Resources rose by 5.3% and Southern Copper by 4.4%. The news also boosted European copper companies such as Antofagasta, KGHM, Anglo American, Glencore, and Boliden.