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View all search resultsFreeport-McMoRan CEO Kathleen Quirk said last week that the miner would not be affected by any copper tariffs as they sell all their US copper domestically and their Indonesian metal goes to Asia. But she worried about any potential inflationary effects of copper tariffs.
Less than a month before his second and final term comes to an end, President Joko “Jokowi” Widodo inaugurated two of the world’s biggest copper and gold smelters on Sept. 23, essentially sealing his legacy in expanding the country’s mineral downstream industry, which has created rifts with major economic powers.
Once fully operational, PTFI’s new smelter in Gresik could process 1.7 million tonnes of copper concentrate annually into 550,000 tonnes of copper cathode, which can be further processed into electrical wiring, pipes and car batteries, among other products.
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