Freeport-McMoRan says demand for copper expected to accelerate

Says Grasberg returned to normal operations in March. Says experienced challenging environment in Peru. Says situation in Peru has improved in recent weeks and now operating at normal rates. Says going to continue to build on leach initiatives. Says ability of industry to meet rising copper demand is a real challenge. Says believes prices will need to rise to incentivize new supplies. Says strongly positioned to continue to support growing demand.