Freeport-McMoRan May Lower Copper, Moly Output

Reuters reported that Freeport-McMoRan Inc. (NYSE:FCX) is looking to make further capital spending cuts in its mining and oil and gas businesses due to weak copper, moly and gold prices.
As quoted in the market news:

U.S.-based Freeport said these plans could result in adjustments to mine plans and future copper and molybdenum production volumes. It aims to report back on its plans in the third quarter

Click here to read the full Reuters report.