Post Views: 223 Freeport McMoRan Copper Mining Freeport CEO Calls for U.S. Copper Incentives to Compete Globally Freeport-McMoRan CEO Kathleen Quirk is urging the U.S. government to offer stronger incentives for copper mining. She also wants permitting processes streamlined to support domestic production. Despite Freeport’s large U.S. presence, it faces higher costs and lower ore grades than at its international sites. In an interview with The Northern Miner, Quirk stressed the need for policy reform. She said it’s essential for meeting the growing demand for critical minerals like copper. U.S. copper mines typically show ore grades of around 0.3%. That is far below the 1% or higher grades found in Chile, Peru, or Indonesia. These lower grades push up production costs and reduce investor interest. “If there are things in place that can help incentivize the production in the U.S., that would be an advance,” Quirk said. The U.S. currently produces about 1.4 billion pound...
Leave a Reply
You must be logged in to post a comment.