Freeport Halt Boosts Copper, HC Up

  Published 8 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.

You might like these

AU Bank & LIC Partner for Financial Protection

Bank Credit Growth Slows to 10.2% YoY

Lucent Unveils AI Ad Platform OrbitX

UBS Flags Ad Shift at Zee

Bhopal Sewerage Project Awarded

Nuvama Buyout Talks Surge, Shares Rise 3.25%

Venky’s Q1 Profit Plunges 79%

News that matters the most ⚡