Freeport Halt Boosts Copper, HC Up

  Published 6 months ago

Freeport suspends Grasberg copper, gold operations after mud rush, cutting Q3 sales and future output significantly.

  • Two workers died, five are missing; the search continues while production halt impacts copper, gold forecasts globally.
  • Hindustan Copper shares rally 17% over six sessions, driven by rising copper prices worldwide today.
  • Government holds 66% stake; planned phased restart may not fully resume until 2027 for operations.

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