According to the CEO of Freeport-McMoRan Inc. (FMCG), copper demand remains strong in China, and improvements have been seen in Europe and North America.
Since mid-April this year, Freeport's Indonesian division has experienced high absenteeism, which has negatively impacted the mine's production. The suspension of the mines, according to Freeport, will affect all interested parties, including the Indonesian suppliers, the Rio Tinto group.
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19:00 Kametstal begins a major overhaul of the 400/200 rolling mill to improve efficiency 18:00 Bekaert and IKK Mateenbar partner to develop hybrid reinforcement systems for sustainable construction 18:00 Russia's Severstal has opened a new production facility in Orel 18:00 Production of lead and zinc will exceed demand in the next two years - ilzsg 17:00 Resonac Graphite and Hydnum Steel to improve efficiency and sustainability in steel production 17:00 The Japanese company Tetsusho is expanding its presence in Asia, opening new subsidiaries in India, Vietnam and Bangladesh. 17:00 Draft resolution of the Russian Ministry of Finance aimed at supporting ferrous metallurgy enterprises in difficult financial conditions 16:00 IMF raises global economic growth forecast to 3.2% for 2025, warns of protectionist risks
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