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Maroc Maroc - THEDEEPDIVE.CA - A La Une - 15/Oct 18:10

Freeport Abandons Copper Benchmark to Save Smelters

Freeport-McMoRan Inc. (NYSE: FCX) will abandon the copper industry’s three-decade-old benchmark pricing system next year to prevent smelters from losing money on collapsing processing fees, a move that threatens to fracture the global market for the critical industrial metal. The world’s largest publicly traded copper producer plans to negotiate individual supply contracts for 2026 rather […] The post Freeport Abandons Copper Benchmark to Save Smelters appeared first on the deep dive.

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