Iron ore weakness to continue into 2025 and beyond, says Fitch Solutions’ BMI
Looking beyond 2024-2025, BMI analysts maintained their view that iron ore prices will likely follow a multi-year downtrend.
JAKARTA (Reuters) – The Indonesian unit of U.S. miner Freeport-McMoRan Inc is aiming to export 1.1 million tonnes of copper concentrate this year, a company official said in a hearing with parliament on Wednesday.
The company had exported 684,333 tonnes of copper concentrate by end-October, according to government data.
(Reporting by Bernadette Christina Munthe; Writing by Fransiska Nangoy; editing by Richard Pullin).