Freeport-McMoRan is in the process of ramping up its new copper smelter in Gresik, Indonesia, in a move that has seen the company switch away from being a marketer of concentrates as it becomes a fully integrated producer in the country, the company's chief executive officer Kathleen Quirk told Fastmarkets in an interview during the London Metal Exchange (LME) Week 2024.

Long-term demand trends in the copper sector may reduce cyclical price moves driven by short term factors impacting sentiment, Freeport-McMoRan's chief executive officer Kathleen Quirk told Fastmarkets in an interview during the London Metal Exchange (LME) Week 2024.

The publication of Fastmarkets’ price assessments of calcined alumina on Thursday October 3 were delayed due to a reporter error. Fastmarkets’ pricing database has been updated.

The publication of Fastmarkets’ India import aluminium scrap price assessments for Wednesday October 2 were delayed because of the Gandhi Jayanti public holiday in India. Fastmarkets’ pricing database has been updated.

Chilean copper producer Codelco has not yet concluded negotiations for its 2025 premium offer to European customers but remains optimistic that the recent stimulus in China will provide a further boost to demand, the company’s chairman told Fastmarkets.

The copper concentrates market was suffering from a dislocation that would probably lead to smelting cuts, the chairman of Chilean state-owned producer Codelco has said.

German copper producer Aurubis is maintaining a premium of $228 per tonne FCA for 2025 for its European clients, Aurubis has confirmed to Fastmarkets.

Read the full transcript from episode 6 of Fast Forward podcast on trading power and the role of the London Metal Exchange (LME) in the energy transition with CEO Matthew Chamberlain.

This week’s multiple announcements by the majority state-owned Saudi Arabian mining company Ma’aden that it was acquiring shares of aluminium producers in the region shows that the Middle Eastern aluminium industry has matured, according to Fastmarkets analyst Andy Farida

Ahead of LME Week 2024, the exchange's CEO, Matthew Chamberlain, sat down with Andrea Hotter for Fast Forward podcast to talk about the exchange's role in facilitating responsible sourcing and transparency along the metals supply chain