FactoryTh/iStock via Getty Images Freeport McMoRan (NYSE:FCX) has agreed with Chinese smelters for treatment and refining charges of $88/metric ton and $0.088/lb for copper concentrate supply in 2023, Reuters reported Friday. The charges, paid by miners to smelters to process ore into refined metal, are the highest since 2017 and 35% higher than the 2022 … Read more
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Publishing date: Nov 24, 2022 • 17 minutes ago • 2 minute read Join the conversation Article content SINGAPORE — Miner Freeport-McMoRan has agreed treatment and refining charges (TC/RCs) of $88 a tonne and 8.8 cents per pound for copper concentrate supply in 2023 with … Read more
Freeport said production could reach 2 billion cubic feet per day in January, and full production could be back in March 2023. Photo: MARIBEL HILL/Maribel Hill via REUTERS Nov. 18, 2022 12:44 pm ET | WSJ Pro Freeport LNG said Friday it hopes to begin an initial restart of its liquefied natural gas export facility … Read more
straga/iStock via Getty Images U.S. natural gas futures rose Wednesday, reversing earlier losses as colder weather forecasts appeared to outweigh expectations that the restart of the Freeport LNG export plant will be delayed, causing some liquefied natural gas vessels to turn away from the plant in recent days. Front-month Nymex natural gas (NG1:COM) for December … Read more
Axe_Olga/iStock via Getty Images Copper futures that have fallen nearly 30% from a peak in March do not reflect a “strikingly tight” physical market for the metal, Freeport McMoRan (NYSE:FCX) CEO Richard Adkerson said Thursday. The decline in copper prices reflects investor concerns about the global economy, weak data from China, the European energy crisis … Read more
straga/iStock via Getty Images U.S. natural gas prices surged Wednesday after the key Freeport LNG export terminal received regulatory clearance to reopen as soon as early October, returning to service after shutting down on June 8 due to an explosion and fire. The news surprised traders who expected a more gradual restart after the Pipeline … Read more