Freeport-McMoRan announced plans to resume production at the Grasberg copper and gold mine in Indonesia by July, following a fatal incident that halted operations two months ago. The accident, which resulted in the deaths of seven workers, drew significant attention from the metals markets due to concerns over tightening supplies.

Grasberg, which ranks as the world's second-largest copper mine and the largest gold mine, represents a critical asset for Freeport amid the growing demand for copper driven by expanding electric grids and renewable energy initiatives. The company has expressed a commitment to learning from the incident, which involved a mud rush through the mine, to prevent future occurrences.

Under a phased plan, Freeport expects production levels to match those of 2025 by 20

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