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Copper extends gains on improving China demand
Business World Philippines
|September 26, 2025
COPPER hit its highest in more than 15 months on Wednesday after Freeport-McMoran Inc declared force majeure at its Grasberg mining complex in Indonesia and slashed production guidance for 2026.
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A deadly landslide at the Grasberg Block Cave underground mine on Sept. 8 had prompted Freeport to suspend operations in the area. Two unaffected mines could restart in the fourth quarter, but Grasberg Block Cave may only undergo a phased restart in the first half of 2026, the company said.
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