BASE METALS

Freeport-McMoRan beats expectations in Q1 results

Market fundamentals positive for copper

 Freeport-McMoRan's Indonésia Grasberg mine. The company's : The new smelter in Indonesia is nearly complete and will ramp up in 2H, thus leading to a reduction in royalties Credit: Freeport McMoRan

Freeport-McMoRan's Indonésia Grasberg mine. The company's : The new smelter in Indonesia is nearly complete and will ramp up in 2H, thus leading to a reduction in royalties Credit: Freeport McMoRan

Freeport McMoRan posted strong first quarter results as EBITDA rose, to $2.5billion, and copper sales, output increased. The company pointed to boosted copper sales, which exceeded expectations, with...

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