Freeport-McMoRan cuts 2026 Grasberg production target to 478,000 tons after mudslide repairs

Freeport-McMoRan lowered its 2026 production guidance for the Grasberg mine to 478,000 tons, down from a previously anticipated 700,000 tons, following a mudslide requiring extensive repairs. The company expects a return to full capacity to be delayed until early 2028, with the shortfall representing over 900 million pounds of copper.

Detected & updated continuously · Source: Nebula