BRIEF-Freeport-McMoRan CEO: Copper Market Fundamentals Remain "Positive"

Reuters
24 Apr
BRIEF-Freeport-McMoRan CEO: Copper Market Fundamentals Remain "Positive"

April 24 (Reuters) - Freeport-McMoRan Inc FCX.N:

  • CEO KATHLEEN QUIRK: COMPANY ON TRACK TO PRODUCE 800 MILLION POUNDS OF COPPER ANNUALLY FROM LEACH OPERATIONS

  • CEO: COPPER MARKET FUNDAMENTALS REMAIN 'POSITIVE,' UNDERPINNED BY ELECTRIFICATION

  • CEO: COPPER DEMAND IN CHINA 'HAS BEEN PARTICULARLY STRONG YEAR TO DATE'

  • CEO: U.S. MARKET REMAINS 'STRONG,' DRIVEN BY RISING DEMAND FOR ELECTRICAL POWER

  • CEO: 'THE FUNDAMENTALS OF THE COPPER MARKETS ARE AMONG THE MOST-COMPELLING OF ANY COMMODITY'

  • CEO: FREEPORT HAS NOT TAKEN A POSITION ON WHETHER COPPER TARIFFS SHOULD BE IMPOSED

  • CEO: U.S. COPPER VOLUMES EXPECTED TO GROW IN 2025, 2026 AND 2027, WHILE COSTS EXPECTED TO FALL ACROSS SAME TIMEFRAME

  • CEO: EXPECT 'STRONG PRODUCTION' FROM INDONESIA'S GRASBERG MINE FOR REST OF YEAR

  • CEO: INDONESIA SMELTER REPAIR 'AHEAD OF SCHEDULE'

  • CEO: BELIEVE EXTENSION OF INDONESIAN OPERATING RIGHTS TO COME IN SECOND HALF OF YEAR

  • CEO: COMPANY MAY LOOK TO EXPAND ITS MIAMI COPPER SMELTER IN UNITED STATES

Source text: [ID:]

Further company coverage: FCX.N

(Reporting By Ernest Scheyder)

((ernest.scheyder@thomsonreuters.com;))

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