Story perspectives
Grasberg Mine Force Majeure Drags Copper Prices Down
10/6/2025
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Story summary
- Copper prices fell 0.7% to $10,639.50/mt on the London Metal Exchange after Grasberg mine declared force majeure following a deadly incident.
- Earlier gains were supported by a weaker dollar, rising global demand, and bullish electrification and green-energy trends.
- Analysts remain bullish on copper's long-term outlook, while sentiment is cautious as investors await US economic data amid a government shutdown.
