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Freeport to join hands with China s Castle Peak to build a copper smelter in Indonesia_SMM

The content below was translated by Tencent automatically for reference. SMM2: according to foreign media reports, the US copper giant Freeport-McMoRan is about to finalize a $2.8 billion deal with China s Aoyama to build a copper smelter in Veda Bay, Indonesia. Indonesian Minister of Maritime Coordination and Investment Luhut Pandjaitan said: the smelter will produce copper tubes and wires, which could be worth more than US $10 billion. The copper smelter will be equipped with the capacity to produce copper products that can be used as lithium battery components. It is also expected to support the country s goal of establishing a (EV) supply chain for electric vehicles.

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