Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Freeport-McMoran To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Freeport between February 15, 2022 and September 24, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, Nov. 29, 2025 (GLOBE NEWSW ...

NEW YORK, Nov. 29, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Freeport-McMoRan Inc. (NYSE: FCX) and certain of the Company’s senior executives for securities fraud after significant stock drops resulting from the potential violations of the federal securities laws. If you invested in Freeport, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/freeport-mcmoran-inc-clas ...

FCX CLASS REMINDER: Freeport-McMoRan Inc. Investors with Losses are Reminded to Contact BFA Law before the Imminent January 12 Securities Class Action DeadlineNovember 28, 2025 8:18 AM EST | Source: Bleichmar Fonti & AuldNew York, New York--(Newsfile Corp. - November 28, 2025) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Freeport-McMoRan Inc. (NYSE: FCX) and certain of the Company's senior executives for securities fraud ...

Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. and certain senior executives for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Arizona, captioned Reed v. Freeport-McMoRan Inc., et al., No. 2:25-cv-04243 [3]. - Investors have until January 12, 2026, to request to be appointed to lead the case [3]. - The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Freeport securities [3]. Group 2: Company Operations and Safety Claims - Freeport-McMoRan operates the Grasberg Copper and Gold Mine in Indonesia through its affiliate PT Freeport Indonesia [4]. - The company previously emphasized its commitment to safety, claiming to utilize data, technology, and behavioral science to prevent fatal incidents [4]. - Allegations suggest that Freeport overstated its safety commitment, as unsafe mining practices were conducted at the Grasberg mine, likely leading to worker fatalities [5]. Group 3: Stock Price Impact - On September 9, 2025, Freeport's stock dropped by $2.77 per share (over 5.9%) following a press release about suspended mining operations due to a landslide [6]. - On September 24, 2025, after an update on the incident revealing two fatalities and five missing team members, the stock fell by $7.69 per share (almost 17%) [7]. - A report on September 25, 2025, regarding strained relations with the Indonesian government led to an additional drop of $2.33 per share (over 6%) [8]. - An Indonesian news report on September 28, 2025, indicated that the landslide was preventable, further impacting investor sentiment [9].

Core Viewpoint - Rosen Law Firm is encouraging investors of Freeport-McMoRan Inc. to seek legal counsel before the January 12, 2026 deadline related to a securities class action lawsuit [1][3] Group 1: Class Action Details - The class action pertains to investors who purchased Freeport-McMoRan securities between February 15, 2022, and September 24, 2025 [1][2] - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A lead plaintiff must be appointed by January 12, 2026, to represent other class members in the litigation [3] Group 2: Legal Representation - Investors are advised to select qualified legal counsel with a proven track record in securities class actions [4] - Rosen Law Firm has achieved significant settlements in the past, including the largest securities class action settlement against a Chinese company [4] - The firm has consistently ranked highly in securities class action settlements, recovering hundreds of millions for investors [4] Group 3: Case Allegations - The lawsuit alleges that Freeport-McMoRan made false or misleading statements regarding safety at the Grasberg Block Cave mine in Indonesia [5] - It claims that inadequate safety measures posed a heightened risk to workers, leading to potential regulatory and reputational risks [5] - The lawsuit asserts that the company's statements about its business and operations were materially false and misleading [5]

Core Insights - Freeport-McMoRan Inc. (FCX) and Southern Copper Corporation (SCCO) are major players in the copper mining industry, facing challenges from fluctuating copper prices and global economic uncertainties [1] - Copper prices have shown volatility throughout the year, influenced by global economic conditions and trade tensions, with prices fluctuating between approximately $4.1 and $5.96 per pound [2][3] Freeport-McMoRan Inc. (FCX) - FCX is focused on high-quality copper assets and organic growth opportunities, with significant expansions at Cerro Verde in Peru and potential projects at El Abra in Chile [5][6] - The company has a strong liquidity position, generating operating cash flows of around $1.7 billion in Q3 2025, with $4.3 billion in cash and equivalents [8] - FCX's net debt stands at $1.7 billion, below its target range, and it has a policy of distributing 50% of available cash to shareholders [9][10] - However, FCX faces rising costs, with average unit net cash costs increasing to $1.40 per pound in Q3 2025, and projected to rise to $2.47 per pound in Q4 2025 [11][12] - Copper sales volumes fell approximately 6% year-over-year in Q3 2025, primarily due to operational suspensions at the Grasberg mine [13][14] Southern Copper Corporation (SCCO) - SCCO has a robust pipeline of copper projects, with over $15 billion earmarked for capital investments, particularly in Peru [15][16] - The Michiquillay project is expected to produce 225,000 tons of copper annually, with production starting by 2032 [17] - SCCO generated net cash from operating activities of $4.42 billion in 2024, reflecting a 24% increase from the previous year, and $1.56 billion in Q3 2025 [19] - The company offers a dividend yield of 2.9% with a payout ratio of 67% and a five-year annualized dividend growth rate of approximately 0.6% [19] Comparative Analysis - FCX is trading at a forward 12-month earnings multiple of 23.18X, while SCCO is at 22.57X, both above their five-year medians [21][22] - Year-to-date, FCX stock has gained 7.9%, while SCCO stock has increased 41.7% [23] - FCX's return on equity is 7.8%, significantly lower than SCCO's 38.8%, indicating SCCO's more efficient use of shareholder funds [27] - The consensus estimates for SCCO suggest year-over-year growth in sales and EPS, while FCX's estimates imply a decline in sales and modest EPS growth [25][29] Investment Outlook - Both companies are advancing their growth projects amid a volatile copper pricing environment, with FCX focusing on expansion activities and SCCO committed to low-cost production [31][32] - SCCO's higher earnings growth projections and effective utilization of shareholder funds suggest it may offer better investment prospects in the current market [32] - FCX currently holds a Zacks Rank of 3 (Hold), while SCCO has a Zacks Rank of 1 (Strong Buy) [33]

Core Viewpoint - Freeport-McMoRan Inc. is facing a lawsuit for alleged violations of securities laws, which may impact its financial standing and investor confidence [1] Group 1 - The lawsuit has been initiated by the DJS Law Group, indicating potential legal challenges for Freeport-McMoRan [1] - The allegations pertain to securities law violations, which could lead to significant financial repercussions for the company [1]

Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. for securities fraud, following significant stock drops attributed to alleged violations of federal securities laws [2][4]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Arizona, specifically titled Reed v. Freeport-McMoRan Inc., et al., No. 2:25-cv-04243 [4]. - Investors have until January 12, 2026, to request to lead the case, with claims made under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [4]. Group 2: Company Operations and Safety Claims - Freeport-McMoRan operates the Grasberg Copper and Gold Mine in Indonesia, where it has been accused of overstating its commitment to safety while conducting unsafe mining practices [5][6]. - The company had previously promoted its safety procedures, including the use of technology and behavioral science to prevent incidents [5]. Group 3: Stock Price Impact - On September 9, 2025, Freeport's stock dropped by $2.77 per share (over 5.9%) following a press release about suspended mining operations due to a landslide [7]. - Following updates on September 24, 2025, regarding fatalities and operational suspensions, the stock fell by $7.69 per share (almost 17%) [8]. - Additional reports on September 25, 2025, regarding strained relations with the Indonesian government led to a further decline of $2.33 per share (over 6%) [10]. - An Indonesian news report on September 28, 2025, indicated that the landslide was preventable, further impacting investor confidence [11].

Group 1: Market Overview - The domestic futures market for non-ferrous metals showed significant gains, with copper futures experiencing a slight increase of 0.19%, reaching 86,580.00 CNY/ton [1] - Recent dovish signals from multiple key Federal Reserve officials have heightened market expectations for interest rate cuts, although delays in economic data releases due to a government shutdown have increased short-term volatility risks [1] Group 2: Supply Dynamics - A fatal landslide at Freeport McMoRan's Grasberg mine in Indonesia, the world's second-largest copper mine, has led to a production halt, resulting in a projected 35% decrease in copper and gold output by 2026 compared to previous expectations [1] - Copper production in September and October saw a significant reduction due to a shortage of anode plates [1] Group 3: Demand Trends - Demand remains mixed across traditional and emerging sectors, with real estate and home appliances showing weakness, while electricity, photovoltaics, new energy vehicles, and AI sectors provide strong support, offsetting declines in traditional sectors [1] Group 4: Future Outlook - The probability of a rate cut by the Federal Reserve in December has risen to over 80%, and improved dialogue between U.S. and Chinese leaders has eased geopolitical risks [2] - Supply of copper raw materials remains tight, with domestic smelting maintenance decreasing marginally, while downstream operating rates remain strong, suggesting limited inventory pressure [2] - Copper prices are expected to fluctuate with a bias towards strength, with the reference range for the main copper futures contract set between 85,800 and 87,000 CNY/ton [2]

Core Viewpoint - Freeport-McMoRan Inc. is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, primarily related to safety issues at its Grasberg mine in Indonesia, which resulted in worker fatalities and significant stock price declines [1][3][5]. Group 1: Lawsuit Details - The class action lawsuit is titled Reed v. Freeport-McMoRan Inc. and covers purchasers of Freeport-McMoRan securities from February 15, 2022, to September 24, 2025 [1]. - The lawsuit alleges that Freeport-McMoRan failed to ensure adequate safety measures at the Grasberg Block Cave mine, leading to heightened risks for workers [3]. - On September 9, 2025, Freeport-McMoRan reported a significant incident at the Grasberg mine, which restricted evacuation routes for workers and led to a nearly 6% drop in stock price [4]. Group 2: Incident Impact - Following the September 9 incident, Freeport-McMoRan disclosed that two team members were fatally injured and that production could be approximately 35% lower than pre-incident estimates for 2026, resulting in a nearly 17% decline in stock price [5]. - An article published on September 25, 2025, highlighted the potential strain on Freeport-McMoRan's relationship with the Indonesian government due to the production halt, causing an additional stock price drop of over 6% [6]. Group 3: Legal Process - Investors who purchased Freeport-McMoRan securities during the class period can seek appointment as lead plaintiff in the lawsuit, which allows them to represent the interests of all class members [7]. - The lead plaintiff has the authority to select a law firm for litigation, and participation as lead plaintiff does not affect the ability to share in any potential recovery [7]. Group 4: Company Background - Freeport-McMoRan is engaged in mining operations in North America, South America, and Indonesia, with significant activities at the Grasberg Copper and Gold Mine in Papua [2].