03:13 PM EDT, 05/07/2024 (MT Newswires) -- Freeport-McMoRan ( FCX ) is set to ship up to 900,000 metric tons of copper concentrate from its Grasberg mine starting in June following talks with Indonesia on extending its export license, Reuters reported Tuesday, citing two sources with knowledge of the situation.

The company is in discussions with customers to sell Grasberg output in H2, indicating confidence that the government will permit exports after its current license expires at the end of May., Reuters said, citing three sources.

Available concentrate for export may be 500,000 to 900,000 tons from June to November, the report said.

Freeport did not immediately respond to MT Newswires' request 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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