Core Viewpoint - A class action securities lawsuit has been filed against Freeport-McMoRan Inc. alleging securities fraud that affected investors between February 15, 2022, and September 24, 2025 [1][2]. Group 1: Allegations - The lawsuit claims that Freeport-McMoRan did not ensure adequate safety at the Grasberg Block Cave mine in Indonesia [2]. - It is alleged that the lack of proper safety measures posed a heightened risk that could foreseeably lead to worker fatalities [2]. - The complaint states that this situation created undisclosed risks related to regulatory, litigation, and reputational issues [2]. - As a result, statements made by the defendants regarding Freeport-McMoRan's business, operations, and prospects were materially false and misleading [2]. Group 2: Legal Process - Investors who suffered losses during the specified timeframe have until January 12, 2026, to request to be appointed as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Law Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].

Core Insights - Freeport-McMoRan Inc. (FCX) shares have increased by 35.3% over the past three months, outperforming the Zacks Mining-Non Ferrous industry's 25.9% rise and the S&P 500's approximately 4.7% increase during the same period [1][7] Group 1: Copper Price Surge and Demand - The company's revenue is significantly benefiting from record-high copper prices, with a reported increase of 38 cents in average realized price (ARP) for copper compared to the previous year [3] - A tight global market and supply chain bottlenecks are contributing to the rally in copper prices [3] - Demand for copper is being driven by technology and energy transitions, particularly in the automotive sector, where electric vehicles (EVs) are expected to be a major growth driver [4] Group 2: Grasberg Operations and Future Plans - Operational challenges at the Grasberg mine have temporarily halted delivery obligations, which has further supported copper prices [5] - The company plans to restart operations and increase underground production at Grasberg, with ongoing smelter projects in Indonesia expected to be completed by late 2025 [6][7] - The construction of a new greenfield smelter in Eastern Java is substantially completed, with full ramp-up anticipated by the end of 2025 [6]

Core Viewpoint - Freeport-McMoRan Inc. (NYSE:FCX) shares are experiencing a decline as they encounter resistance around the $53 level, which has historically been a peak price point for the stock [1]. Group 1: Stock Performance and Resistance Levels - The stock reached a top around $53 in March 2022, and after a sell-off, it returned to this level in May 2024, only to reverse again [1]. - Investor psychology plays a significant role in creating resistance at former peak prices, as many investors who bought near the top may hold onto their positions until they can sell at breakeven [2]. - The concept of "markets have memories" suggests that important price levels can retain their significance over extended periods, as seen with Freeport's resistance at the $53 level after more than two years [4]. Group 2: Market Dynamics and Selling Pressure - Stocks often reverse after hitting resistance due to anxious sellers undercutting each other's prices, leading to a potential snowball effect that drives prices lower [5]. - This pattern of price reversal has occurred the last two times Freeport reached the current resistance level, indicating a likelihood of a similar outcome this time [5].

Core Viewpoint - Freeport-McMoRan Inc. (NYSE:FCX) has shown strong performance recently, driven by a surge in copper prices, which reached a new record high of $12,000 per ton, leading to a 7.9% increase in the company's stock price week-on-week [1][2]. Group 1: Stock Performance - Freeport-McMoRan registered a nine-day winning streak, reflecting the rise in benchmark three-month copper prices on the London Metal Exchange, which surged to $12,282 per ton [2]. - The company's stock climbed by 8% due to the increase in copper prices, attributed to tight global supply and strong demand from various industries [3]. Group 2: Market Sentiment and Analyst Ratings - Wells Fargo upgraded its price target for Freeport-McMoRan from $47 to $55, maintaining an "overweight" rating, which contributed to positive market sentiment [3]. - The upgrade was based on expectations of tight copper inventories and concerns over potential new tariffs on refined copper products, prompting industries to stock up [4]. Group 3: Financial Performance - In the third quarter, Freeport-McMoRan's net income attributable to shareholders increased by 28% to $674 million, up from $526 million in the same period last year [5]. - Revenues rose by 2.68% to $6.97 billion, compared to $6.79 billion year-on-year [5]. Group 4: Company Overview - Freeport-McMoRan is a leading global copper producer, operating various mines in North and South America, as well as the Grasberg site in Indonesia, one of the largest copper mines in the world [4].

Core Viewpoint - The 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 significant operational disruptions and stock price declines [1][3][4]. Group 1: Class Action 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]. - Investors have until January 12, 2026, to seek appointment as lead plaintiff in the lawsuit [1][7]. - The lawsuit alleges that Freeport-McMoRan and certain executives made false statements and failed to disclose safety risks at the Grasberg mine [3]. Group 2: Incident and Impact - On September 9, 2025, Freeport-McMoRan reported a significant incident at the Grasberg mine, leading to a temporary suspension of operations and a nearly 6% drop in stock price [4]. - Following the incident, on September 24, 2025, it was revealed that two team members were fatally injured, and production estimates for 2026 could be approximately 35% lower than previously expected, causing a further 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, resulting in an additional stock price drop of over 6% [6]. Group 3: Company Background - Freeport-McMoRan is engaged in mining operations across North America, South America, and Indonesia, with the Grasberg mine being a significant asset [2]. - Robbins Geller Rudman & Dowd LLP, the law firm handling the class action, is recognized for its expertise in securities fraud and has secured over $2.5 billion for investors in 2024 alone [8].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Freeport-McMoRan Inc. securities between February 15, 2022, and September 24, 2025, about the upcoming lead plaintiff deadline for a securities class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Freeport-McMoRan securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by January 12, 2026 [3]. - The lawsuit alleges that Freeport-McMoRan made false and misleading statements regarding safety at the Grasberg Block Cave mine in Indonesia, which led to increased risks for workers and investors [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in achieving significant settlements for investors [4]. - The firm has been recognized for its performance in securities class action settlements, including being ranked No. 1 by ISS Securities Class Action Services in 2017 and securing over $438 million for investors in 2019 [4].

Company Performance - Freeport-McMoRan (FCX) closed at $53.04, marking a +2.16% increase from the previous day, outperforming the S&P 500 which lost 0.03% [1] - Prior to the latest trading session, FCX shares had gained 23.18%, significantly exceeding the Basic Materials sector's gain of 9.22% and the S&P 500's gain of 2.57% [1] Earnings Projections - Freeport-McMoRan is projected to report earnings of $0.2 per share, representing a year-over-year decline of 35.48% [2] - The consensus estimate for revenue is $4.86 billion, reflecting a 14.95% decrease from the same quarter last year [2] - For the full year, earnings are projected at $1.48 per share and revenue at $25.06 billion, showing changes of 0% and -1.55% respectively from the previous year [3] Analyst Forecasts - Investors should monitor recent revisions to analyst forecasts for Freeport-McMoRan, as these revisions reflect short-term business trends and analysts' confidence in performance [4] - Empirical research indicates that revisions in estimates correlate with stock price performance, leading to the creation of the Zacks Rank system [5] Valuation Metrics - Freeport-McMoRan has a Forward P/E ratio of 34.99, which is higher than the industry average of 32, indicating it is trading at a premium [7] - The company has a PEG ratio of 1.17, which aligns with the Mining - Non Ferrous industry's average PEG ratio of 1.17 [8] Industry Ranking - The Mining - Non Ferrous industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 102, placing it in the top 42% of over 250 industries [9] - Research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [9]

Core Viewpoint - A class action securities lawsuit has been filed against Freeport-McMoRan Inc. alleging securities fraud that affected investors between February 15, 2022, and September 24, 2025 [1][2] Group 1: Allegations - The lawsuit claims that Freeport-McMoRan did not ensure adequate safety at the Grasberg Block Cave mine in Indonesia [2] - It is alleged that the lack of proper safety measures posed a heightened risk that could foreseeably lead to worker fatalities [2] - The complaint states that these safety issues constituted undisclosed risks of regulatory, litigation, and reputational damage [2] - As a result, statements made by the defendants regarding Freeport-McMoRan's business and operations were materially false and misleading [2] Group 2: Legal Process - Investors who suffered losses during the specified timeframe have until January 12, 2026, to request appointment as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff to share in any potential recovery [3] - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as a leading securities litigation firm in the United States [4]

Group 1: Copper Price Trends - Copper prices are rising due to investor bets on tightening global supply by 2026 and the impact of a weakening dollar, with prices on the Shanghai Futures Exchange increasing by 2.7% to 98,780 RMB per ton, and COMEX copper futures up 3% to $5.743 per pound, marking the highest level since July [1] - The past year has seen significant price increases driven by trade dislocations, geopolitical uncertainties, and supply shocks, with copper prices on track for the largest annual gain since 2009 [1] Group 2: Supply Chain Disruptions - Major copper mines have faced disruptions, including a seismic event at the Kamoa-Kakula mine in the Democratic Republic of Congo, which revised its 2025 production guidance down from 520,000-580,000 tons to 370,000-420,000 tons [2] - The El Teniente mine in Chile, the world's largest underground copper mine, experienced a collapse due to an earthquake, leading to a production cut of 300,000 tons, approximately 11% lower than previous expectations [2] - Freeport-McMoRan announced a temporary halt in operations at its Grasberg mine in Indonesia due to a landslide, with a significant impact on production expected to last until 2027, reducing the 2026 production guidance by 35%, equating to a loss of about 270,000 tons of copper [2] - Anticipation of potential tariffs on copper by the Trump administration has led to increased shipments of copper to the U.S., raising concerns about global copper inventories reaching critically low levels [2] Group 3: Demand Dynamics - The surge in AI infrastructure is driving demand for copper, with data centers projected to consume approximately 500,000 tons of copper by 2025, increasing to 740,000 tons by 2026, contributing 0.6 percentage points to global copper demand growth [3] - By 2027, data center copper consumption is expected to reach 1 million tons, representing 2.8% of total demand, with a compound annual growth rate of 40% anticipated through 2028 [3] Group 4: Future Price Projections - Goldman Sachs forecasts that while copper prices may stabilize in 2026, the long-term outlook remains positive due to structural demand growth driven by electrification, which accounts for nearly half of copper demand [3] - JPMorgan expects LME copper prices to reach $12,500 per ton in Q2 2026, with an average of around $12,075 per ton for the year [3] - Citigroup analysts are optimistic about copper prices continuing to rise before 2026, supported by improving fundamentals and macroeconomic conditions, predicting a 2.5% increase in global terminal copper consumption next year [3]

Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. and certain officers for alleged violations of federal securities laws during the Class Period from February 15, 2022, to September 24, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover damages for investors who purchased Freeport securities during the specified Class Period [2]. - Allegations include that Freeport failed to ensure safety at the Grasberg Block Cave mine in Indonesia, leading to heightened risks for workers [3]. - The complaint claims that the defendants made false or misleading statements regarding Freeport's business operations and prospects, which were materially false and misleading [3]. Group 2: Next Steps for Investors - Investors wishing to join the lawsuit must request to be appointed as lead plaintiff by January 12, 2026, although participation in any recovery does not require this role [4]. - A copy of the Complaint can be reviewed on the law firm's website [4]. Group 3: Legal Representation - Bronstein, Gewirtz & Grossman LLC operates on a contingency fee basis, meaning they will only seek reimbursement for expenses and fees if successful [5]. - The firm has a strong track record, having recovered hundreds of millions of dollars for investors in similar cases [6].