[Freeport Expected to Resume Copper Concentrate Exports from Indonesia This Month] According to foreign media reports on February 13, two informed sources revealed that Freeport-McMoRan Inc. is expected to resume shipments of copper concentrates from Indonesia this month under a new export permit, after the previous permit expired in December. A source directly familiar with the matter stated that the miner will begin loading cargo on Friday and is expected to obtain the export permit by month-end. Another source said that copper concentrates shipped from the company's Grasberg mine are expected to be exported by the end of February. (Webstock Inc.)

According to Reuters, Freeport Indonesia CEO Tony Wenas said on Tuesday that the company would need to reduce ore production by 40% in 2024 if copper concentrate is not allowed to be exported before the smelter reaches full capacity.

As of Friday March 10, the SMM Imported Copper Concentrate Index (weekly) stood at $76.29/mt, $1.35/mt lower than March 3. During the week, the spot transaction of copper concentrate was quite active. There were many spot transactions of clean ore between mines and smelters.