Freeport-McMoRan retained its forecast for 2021 copper sales at around 3.85 billion lbs, or 1.75 million tonnes, and third-quarter sales were higher year on year due to the ramp up of underground mining and the timing of shipments at its Indonesian operations.
Third-quarter copper sales were 1.033 billion lbs, or 468,560 tonnes, more or less unchanged from the prior quarter but up from 848 million lbs, or 384,646 tonnes, in the third quarter of 2020.In the fourth quarter, Freeport expects copper sales of 1.025 billion lbs, or 464,932 tonnes,...