Freeport-McMoRan expected consolidated copper sales for the full year of 2020 to be around 3.18 billion lb, or 1.44 million tonnes, slightly more than the 3.15 billion lb, or 1.42 million tonnes, that was forecast in July.
In its earnings statement for the July-September quarter, published on Thursday October 22, the miner said that it expected consolidated copper sales in 2021 to rise to 3.85 billion lb, or 1.74 million tonnes, noting that the ramp-up of underground production from its Grasberg minerals district in Indonesia continued to advance on schedule and would boost sales in the years...