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26 Apr
11:11

COPPER: Freeport boosts copper production in Q1

US-based Freeport-McMoRan (FCX) saw its copper production and sales improve year-on-year in the first quarter of 2021, Kallanish learns from the company's latest earnings report.  Q1 total output reached 910 million pounds or 24.4% higher y-o-y. Production from the seven open-pit copper mines in North America was up 2% y-o-y to 353m lb. Meanwhile, sales amounted to 308m lb --13.2% less than in the same period in 2020, reflecting the timing of shipme…
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