12:02 PM EST, 01/03/2025 (MT Newswires) -- Freeport-McMoRan ( FCX ) unit PT Freeport Indonesia is negotiating with the government about continued copper concentrate exports until its Manyar smelter becomes fully operational, Reuters reported Friday, citing a company spokesperson.

The company was permitted to export copper concentrate until the end of December, but the Manyar smelter remains shut down following a fire in October, according to the report.

The operations will resume around mid-year, spokesperson Katri Krisnati reportedly said.

The government is evaluating PT Freeport Indonesia's request and a decision will be made in a meeting with Indonesian President Prabowo Subianto, Reuters reported, citing Energy and Mineral Resources Minister Bahlil Lahadalia.

Neither Freeport-McMoRan ( FCX ) nor the energy ministry immediately responded to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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