Freeport-McMoRan to slow expansions amid inflation, weak copper prices

Wesfarmers said the start of its lithium refinery has been pushed back to the first half of 2025.

Fortescue Future Industries CEO said the Inflation Reduction Act has made doing business in the US domestic market more appealing.

The miner also flagged that inflationary pressures will continue to be a risk for the remainder of the fiscal 2023.

"I hope to resolve the remaining contention points soon," said Federico Alfaro, Panama's trade and industry chief.

The mine typically produces nearly 5 million pounds of copper concentrate and 5,000 ounces of gold daily.

OQ, formerly known as Oman Oil Company, bought the stake from Vale in 2010.

Lynas will need to close the cracking and leaching part of its rare earths processing plant if the conditions are not removed before July 1.

Freeport now expects its Q1 sales to be lower than the previous outlook of 900 million pounds of copper and 300,000 ounces of gold.

The French government has agreed to grant a 40 million euro loan to SLN.