Goldman Sachs Sees European Gas Prices Tripling, Gives Price Forecast in H2 2023

Freeport-McMoRan disclosed during its Q2 earnings call that production resumptions at the underground Block Cave project at the Grasberg mine in Indonesia are progressing in line with expectations, with the ramp-up of Production Block 2 and 3 advancing according to the plan formulated in April. Previously affected by a wet material influx incident in the underground mine area in September 2025, part of Grasberg’s production was suspended. The company subsequently initiated cleanup, repair, and phased resumption of production. Reuters According to Freeport, repair work at the Grasberg Block Cave was completed in Q1 2026, and production ramp-up began in March, reaching the planned operating level in Q2. The company currently expects Grasberg’s capacity to recover to approximately 65% in H2 2026, further increase to around 80% by mid-2027, and plans to approach full operation by the end of 2027. In terms of production, Freeport expects the Grasberg mine to produce a cumulative total of approximately 6.8 billion pounds of copper from 2026 to 2030, with average annual copper production of about 1.4 billion pounds. As Block Cave capacity gradually recovers, copper production is expected to rebound notably after 2027. Additionally, Freeport indicated that Grasberg still has expansion potential, with the Kucing Liar project under development. The ramp-up is expected to commence around 2030, and after reaching full production, it is expected to add 750 million pounds per year of copper capacity.

Au S1 2026, le marché chinois du soufre a connu une chaîne de transmission complète de « effondrement des importations – pression sur la production – stagnation des exportations ». Chiffres clés : Production : la production nationale d’acide sulfurique de janvier à mai a chuté de 1,6 % en glissement annuel, avec des baisses significatives dans les provinces traditionnellement productrices d’engrais phosphatés comme le Hubei, le Guizhou et le Yunnan, tandis que l’Anhui et d’autres régions à forte concentration d’acide de fonderie ont enregistré une croissance. Exportations : les exportations d’acide sulfurique se sont pratiquement arrêtées en juin......

Cette semaine (7.17-7.23), le taux d'utilisation des machines de l'industrie du fil émaillé a diminué en glissement hebdomadaire...