METALSGOWHERE ATLAS · SUPPLY RESEARCH
Grasberg update: PTFI fourth-quarter 2025 sales expected to be insignificant; force majeure notified to counterparties
As of 2026-10-08 · Observation periods are shown separately.
2025-09-24 · Grasberg update: PTFI fourth-quarter 2025 sales expected to be insignificant; force majeure notified to counterparties · Direction: Lower
Disclosed facts
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| Assertion | Disclosure |
|---|---|
| Status at disclosure | PTFI said it was notifying commercial counterparties of a force majeure in accordance with the provisions of its contracts. |
| Plan or guidance | PTFI said fourth-quarter 2025 sales of copper and gold would be insignificant (previously estimated at 445 million pounds of copper) and that, under a phased restart scenario, 2026 production could potentially be about 35% lower than pre-incident estimates. |
Disclosure boundary
These are the company's 24 September estimates and scenario assumptions, subject to change. The company said sufficient information was not available to forecast future production; no full-year 2025 or 2026 production figure and no total lost volume is stated. Quantities are kept in the company's pounds with no tonne conversion; the 800,000 figure is the company's own metric tons of wet material. The cause was still under investigation.
Status at disclosure
Status as disclosed on this date
Source
Related project
GrasbergSource: metalsgowhere.com, as of 2026-10-08. Citation & data use