U.S. producer Freeport McMoRan Copper and Gold Inc. (FCX) has revised its forecast for molybdenum sales in 2009 and 2010 to 60 million pounds for each year, some 25% and 40% down respectively from previous estimates.

The company said it might make further reductions to its molybdenum production and sales plans, and that it is closely monitoring market conditions.

-By Andrea Hotter, Dow Jones Newswires; +44 (0)20 7842 9413; andrea.hotter@dowjones.com

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