Freeport Indonesia pushes back Grasberg copper restart by a year
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Freeport Indonesia has delayed the full restart of its Grasberg copper mine by a year, now aiming for early 2028. This setback exacerbates existing supply constraints in the global copper market, which has already faced disruptions. Currently, Grasberg operates at only 40-50% capacity, and the slower ramp-up is expected to impact sales. Copper prices surged earlier this year but are now under pressure due to potential shortages of sulphuric acid, essential for processing the metal.
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