Freeport-McMoRan is anticipated to recover from the mudslide incident that caused operations to stop at its Grasberg mine in Papua, Indonesia, as indicated by UBS. The massive Grasberg mine faced an environmental disaster last month, prompting the copper and gold producer to revise its production forecasts. UBS recently upgraded Freeport’s rating, given the belief that the company will be able to bounce back from the setback.
UBS Recommends Buying Freeport-McMoRan Due to Expected Recovery After Mine Disaster
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