When it rains, it pours. Copper supply disruption fears are occurring in two different parts of the globe, involving two of the largest copper producers in the world, Freeport-McMoRan Inc. (NYSE:FCX) and BHP Billiton Ltd (NYSE:BHP).
In Indonesia, FCX shipments of copper concentrate have been on hold since Jan 12, after a ban on exporting semi-processed ore came into effect. As of January 25, 2017, FCX has not obtained approval to export concentrate. The issue relates to FCX's rights to export concentrate without restriction.