Freeport-McMoRan Copper & Gold Declares Force Majeure at Grasberg
Reuters reported that Freeport-McMoRan Copper & Gold Inc has declared force majeure at its Grasberg mine after a series of accidents has shut them down while the government conducts a probe.
Reuters reported thatĀ Freeport-McMoRan Copper & Gold Inc has declared force majeure at its Grasberg mine after a series of accidents has shut them down while the government conducts a probe.
As quoted in the Reuters report:
The announcement, widely expected by metals traders, sent Freeport shares up 2.9 percent to $29.86 on Wednesday morning. Benchmark three-month copper was up nearly 1 percent, on signs of tightening supply, including the Grasberg shutdown.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1858.75 | +4.65 | |
Silver | 21.65 | +0.13 | |
Copper | 4.21 | +0.01 | |
Palladium | 2030.50 | +9.50 | |
Platinum | 1001.00 | +9.50 | |
Oil | 105.41 | -0.30 | |
Heating Oil | 3.75 | 0.00 | |
Natural Gas | 7.49 | -0.15 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to theĀ cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Ā