Business
Add as a preferred source on GoogleFreeport projects that Bagdad’s long-term annual copper production will top 400 million pounds.
Freeport’s board approved a $4.5 billion modernization program for Bagdad on Wednesday. The company set a long-term target of annual copper production above 400 million pounds at the Arizona operation.
The approved project will expand and modernize the operation, which produces copper and molybdenum. The stated production goal applies to copper.
Copper's session low was $13,883 per metric ton, its weakest reading in 11 weeks.
More than 150 firms from financial and digital-asset markets are part of the group. Copper is a U.S. broker-dealer and qualified custodian.
Anadolu Agency reported that the president challenged the new appointees to meet 2031 goals for copper, grain, electricity and tourism.
