White House Holds Off on Copper Tariffs Over Cost Concerns Ahead of Midterms
Officials weigh higher factory costs against U.S. mining goals. Copper prices hit records as buyers stockpile ahead of a possible tariff.
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Freeport-McMoRan Beats Q3 Profit Expectations Despite Indonesia Mine Incident
Freeport-McMoRan exceeds Q3 profit forecasts with 50 cents per share as higher copper prices offset production losses from Grasberg mine suspension following tragic mud rush incident.
Copper Prices Spike After Tragic Accident Halts Production at Grasberg Mine; FCX Tumbles
A deadly mud rush halted production at Grasberg, the world's 2nd largest copper mine. Freeport declared force majeure, causing copper prices to spike sharply. Two workers died; five are missing. Major supply delays are now expected until 2027.