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- LME Aluminum 3M Select trades $6 higher to $3121 at 8:57:23 AM
- LME Copper 3M Select trades $-104.75 lower to $12704 at 8:57:23 AM
- (Bloomberg) -- Freeport-McMoRan Inc. said it’s on track to restart its sprawling Indonesian copper mine after a deadly mudslide in September shuttered an operation that’s critical to global supply. The company already restarted two unaffected areas of the mine in November and laid out a schedule to ramp up copper production through 2027. On Thursday it reiterated plans to begin a phased restart of an underground area of the mine in the second quarter of this year. The company issued the latest Grasberg update along with quarterly earnings that beat analyst expectations. Freeport churned out 640 million pounds of copper in the fourth quarter of 2025, a considerable drop from previous years due to Grasberg’s closure and slightly lower than Wall Street’s expectations.
- CME HRC Steel last traded at $941 and $1 higher at 1/21/2026
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