Loading ...By Doug Alexander and Yvonne Yue Li
Bloomberg News
Wednesday, September 24, 2025
Copper prices jumped the most in more than five months after Freeport-McMoRan Inc. said force majeure was declared on contracted supplies from its giant Grasberg mine in Indonesia.
Copper for delivery in three months rose as much as 3.2% to $10,297.50 a ton on the London Metal Exchange, the biggest intraday jump since April 10. Freeport’s shares fell 11% in New York trading, while rivals including Glencore PLC and Teck Resources Ltd. climbed.
Get used to this kind of thing.
Cheers all