Freeport Indonesia launches $3.7 billion Gresik copper smelter to meet renewables demand

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JAKARTA :Copper miner Freeport Indonesia on Thursday launched its $3.7 billion copper smelter in Gresik, East Java, citing growing demand for the metal in the race to transition to renewable energy.

The smelter's total input capacity is 1.

Attending the launch, Investment Minister Bahlil Lahadalia reiterated his support for the export permit extension, especially after the launch of the Gresik smelter.

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Category: EconomyBusiness

Markets: SingaporeIndonesia

Topics: Extension Capacity Smelter Copper Tons Indonesia Gresik Launches Freeport Reach Wenas

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-27 @ 13:48:30 (6 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 396 words

Reading Time: 3 minutes read

Sentences: 21 lines

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Copyright Owner: © Channel News Asia

News ID: 21400039

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