00:00Breaking news.
00:01A catastrophic mudslide at one of the world's biggest copper mines has just triggered a
00:05global supply crisis.
00:07The disaster hit Freeport's Grassberg Mine in Indonesia, forcing operations to shut down
00:12completely and declaring force majeure.
00:14This is one of the world's biggest copper producers we're talking about.
00:17This shock isn't trivial.
00:18The collapse threatens to tighten an already fragile global copper market.
00:22Prices have spiked, supply chains are scrambling and analysts warn it could take years for
00:28production to return to previous levels.
00:29For industries from EVs to renewable grids, this could ripple far and wide, expect higher
00:34costs, delayed projects and renewed pressure on mining nations to expand output or find
00:42alternatives.
00:43This is a developing story that could reshape global supply chains for years to come.
00:46The copper crisis is just beginning.
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