Image: Freeport-McMoRan Indonesia’s government has reached an agreement with Freeport Indonesia to halt operations at the Grasberg mine to prioritize the search for workers trapped after a recent accident, Reuters reported, citing the country’s mining minister.Two workers have died and five remain missing following a large mudflow earlier this month at the Grasberg Block Cave underground mine.Production at Freeport Indonesia has not resumed since the incident, with the suspension impacting both output and r ...

The Antamina mine in Peru is set to increase its copper production by 20% to 450,000 tonnes (t) in 2026, from an expected 380,000t this year, according to a Bloomberg report. The report quoted Antamina CEO Luis Santivanez as saying that production is expected to stabilise at around 400,000t annually in the years thereafter. With the increased output, Antamina could position itself among Peru's top copper producers, alongside Freeport-McMoran's Cerro Verde and MMG's Las Bambas mines. Additionally, Antami ...

The copper market has been jolted by disruptions at Indonesia’s Grasberg mine, with ripple effects spreading across supply forecasts and price expectations. With the mine operator declaring force majeure, Goldman Sachs slashed its mine supply outlook for 2025 and 2026, turning a projected surplus into deficit territory.“A prolonged disruption at the Grasberg mine could drive copper prices even higher, while intensifying supply challenges for smelters already facing feedstock shortages,” analysts at ING said ...

The U.S. stock market is experiencing a notable pullback on Thursday, September 25, 2025, with major indexes extending their losses for a third consecutive session. This downturn follows a period of robust performance and record highs earlier in the week, signaling a shift in investor sentiment driven by profit-taking, lingering concerns over equity valuations, and a re-evaluation of the Federal Reserve's monetary policy outlook. Afternoon trading activity reflects a cautious mood as market participants dig ...

CEO.CA's Inside the Boardroom: Super Copper CEO on Chile's Copper Boom, the Castilla Project and BitcoinSeptember 25, 2025 1:19 PM EDT | Source: CEO.CA Technologies Ltd.Toronto, Ontario--(Newsfile Corp. - September 25, 2025) - CEO.CA ("CEO.CA"), the leading investor social network in junior resource and venture stocks, shares exclusive updates with CEOs of junior mining explorers.Founded in 2012, CEO.CA, a wholly owned subsidiary of EarthLabs, Inc., is one of the most popular free financial we ...

The artificial intelligence sector is showing critical warning signs that suggest a significant correction may be approaching. Recent market analysis reveals that AI stocks, particularly the “Magnificent Seven,” have been making lower highs since December 2024, diverging from broader market performance – a pattern that historically precedes major corrections.The I/O Fund, for example, has been 100% hedged since December 27th. Bridgewater Associates quietly rotated out of tech. With AI unicorn valuations rea ...

Goldman Sachs has lowered its global copper supply forecast for both 2025 and 2026, citing recent disruptions at the world’s second-largest mine.Production at the Grasberg mine in Indonesia has been under suspension since Sept. 8 after a landslide unleashed 800,000 tonnes of mud into the Block Cave area, trapping seven workers and causing severe damage across the mine’s infrastructure.US-based Freeport McMoRan (NYSE: FCX), the mine’s operator, immediately halted mining activities to prioritize the rescue of ...

Let's bring in Kevin Green now, senior markets correspondent who joins me for just a look across some of the data. We had the new home sales out yesterday which did look good, but it does look like those higher mortgage rates, Kevin, are putting the squeeze on those existing home sales. Tell us what you're seeing.Existing homes came in at 4 million. That was better than actually the street's expectations of 3.96% million. But you are seeing maybe a little bit of a a consolidation when it comes to that data ...

Kodiak Closes Oversubscribed $8 Million Bought Deal Private Placement, Including Full Exercise of Underwriters' OptionSeptember 25, 2025 8:34 AM EDT | Source: Kodiak Copper Corp.Vancouver, British Columbia--(Newsfile Corp. - September 25, 2025) - Kodiak Copper Corp. (TSXV: KDK) (OTCQB: KDKCF) (FSE: 5DD1) (the "Company" or "Kodiak") announces that it has closed its oversubscribed bought deal financing previously announced on September 3rd, 2025, with Canaccord Genuity Corp. as lead underwriter ...

Prices extended gains after the U.S. miner declared force majeure on contracted supplies from its Grasberg mine in Indonesia due to a fatal mudslide accident. ...