Core Viewpoint - Copper prices on the London Metal Exchange (LME) have surged to a yearly high, driven primarily by supply disruptions rather than demand growth, raising concerns about the sustainability of the current bull market [1][3][6] Supply Disruptions - Recent supply disruptions include a significant incident at Freeport-McMoRan's Grasberg copper mine in Indonesia, which declared force majeure after a mudslide, tightening market supply expectations [1][4] - Other notable supply interruptions occurred at Hudbay Minerals' Constancia mine in Peru due to social unrest, and flooding at the Kamoa-Kakula mine in the Democratic Republic of Congo [3][4] Demand Factors - Emerging narratives around demand, particularly from AI data centers and electrical grid upgrades, are contributing to the bullish sentiment in the copper market [4][5] - Goldman Sachs predicts that by the end of this decade, construction of global electrical grids and power infrastructure will account for approximately 60% of the increase in global copper demand [5] Market Dynamics - Analysts warn that the current copper market is characterized as a "bad bull market," primarily driven by supply shocks rather than robust demand growth [6][7] - China, as the largest consumer of copper, plays a crucial role in sustaining copper prices, but current demand from China is not strong enough to support a lasting bull market [6][7] Long-term Outlook - The foundation for the current rise in copper prices is considered weak, with analysts suggesting that supply-driven bull markets are often short-lived [7] - Future supply recovery from mines like Cobre Panama could offset current supply disruptions, impacting price stability [7]

Group 1 - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Freeport-McMoRan Inc. due to allegations of materially misleading business information [1] - Freeport's stock fell by 16.95% on September 24, 2025, following a press release regarding a fatal incident at the Grasberg Block Cave mine in Indonesia [3] - The law firm is preparing a class action to seek recovery of investor losses, allowing affected shareholders to join without any out-of-pocket fees [2] Group 2 - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements and recognition in the field [4] - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]

Stock image. Copper prices climbed to their highest level in more than a year on Thursday, fueled by mounting global supply disruptions and growing expectations that US interest rate cuts will support demand for the industrial metal.Benchmark futures on the London Metal Exchange (LME) briefly rose above $10,500 a tonne for the first time since May 2024, before trading at $10,497.50, up 1.1% as of 11:50 a.m. in London. Three-month futures traded above $10,976 per ton ($4.989 per lb.) on the CME, up 2.2% for ...

Core Viewpoint - RBC Capital has lowered the price target for Freeport-McMoRan (FCX) to $48 from $54 while maintaining a Sector Perform rating on the shares [1] Financial Projections - The firm has reduced its FY25 EPS estimate to $1.24 from $1.52 and FY26 estimate to $1.38 from $2.02 following updated guidance from Freeport [1] Incident Update - The recent update from Freeport regarding the Grasberg incident has contributed to the downward revision of financial projections [1] Market Sentiment - There is an indication that much of the downside risk may already be reflected in the current share prices, although uncertainty remains regarding the future developments at the Grasberg site [1]

We recently published 11 Stocks Crushing Wall Street With Whopping Gains. Freeport-McMoran Inc. (NYSE:FCX) is one of the top performers on Tuesday. Freeport-McMoran grew for a third straight session on Tuesday, adding 5.66 percent to finish at $39.22 apiece as investors cheered its divestment of a significant stake in an Indonesian subsidiary, as part of its strategy to extend mining operations at one of the largest copper mines in the world. According to the company, it gave up a 12-percent stake in PT ...

Group 1 - Freeport-McMoRan (FCX) is a leading mining company with significant copper and gold production, currently facing legal challenges but showing stock resilience [1][2][5] - RBC Capital has set a price target of $48 for FCX, indicating a potential upside of 22.39% from its current trading price of $39.22 [1][5] - The Rosen Law Firm is investigating potential securities claims against FCX due to allegations of misleading business information [2][5] Group 2 - FCX's stock price has increased by 5.66%, reflecting market resilience despite ongoing legal issues [3][5] - The company's market capitalization is approximately $56.31 billion, indicating its significant presence in the mining industry [4] - The trading volume for FCX on the day is 38.54 million shares, suggesting active investor engagement [4]

Core Viewpoint - The non-ferrous metals industry index decreased by 0.63% over the past two weeks, underperforming the CSI 300 index and ranking 12th among 31 Shenwan first-level industries [1][2] Industry Summary - The non-ferrous metals industry index fell by 0.63% from September 15 to September 26, 2025, lagging behind the CSI 300 index [1][2] - Energy metals (up 4.49%) and industrial metals (up 1.05%) experienced gains, while metal new materials (down 4.08%), precious metals (down 0.95%), and minor metals (down 8.51%) saw declines [1][2] Metal Prices - COMEX gold closed at $3,789.80 per ounce, up 2.96% over the past two weeks [3] - COMEX silver closed at $46.37 per ounce, up 8.63% [3] - LME copper settled at $10,125.50 per ton, up 1.21% [3] - LME aluminum fell to $2,643 per ton, down 2.38% [3] - Black tungsten concentrate (≥65%) price dropped to 271,000 CNY per ton, down 4.91% [3] - LME tin price decreased to $34,415 per ton, down 1.54% [3] - Antimony ingot (99.65%) price was 172,500 CNY per ton, down 5.48% [3] - Gallium (≥99.99%) average price was 1,665 CNY per kilogram, up 3.74% [3] - Domestic germanium ingot (50Ω·cm) average price was 14,250 CNY per kilogram, down 1.04% [3] - China rare earth price index was 217.18, down 1.67% [3] - Light rare earths: praseodymium-neodymium oxide closed at 562,500 CNY per ton, down 1.75% [3] - Heavy rare earths: dysprosium oxide closed at 1,610 CNY per kilogram, down 0.92% [3] - Cobalt prices: electrolytic cobalt averaged 310,000 CNY per ton, up 13.55% [3] - Lithium carbonate (99.5% battery grade, domestic) averaged 73,600 CNY per ton, up 1.59% [3] - Lithium iron phosphate (mid-range power type) averaged 34,300 CNY per ton, stable [3] - Cobalt acid lithium (60%, 4.4V/domestic) averaged 253,000 CNY per ton, up 13.96% [3] Important News - The Grasberg mine, one of the largest copper mines globally, has suspended operations due to a fatal landslide incident, significantly impacting copper production [4][5] - The incident has resulted in the death of two workers, with five others still missing, affecting Freeport's third-quarter sales estimates with a projected decline of approximately 4% in copper sales and 6% in gold sales [5] Investment Suggestions - Following the Federal Reserve's interest rate cut in September, attention should be paid to geopolitical and export policy changes in major resource countries, as well as the recovery of domestic downstream demand, with a focus on investment opportunities in the "resources + growth" dual track [6]

Deal Progress - Indonesia and Freeport-McMoRan are nearing a final agreement for the US miner to divest additional shares in its local unit [1] Investment Landscape - Indonesia's Danantara sovereign wealth fund's chief investment officer provided the information [1]

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Freeport-McMoRan Inc. due to allegations of materially misleading business information issued by the company [1]. Group 1: Investigation and Legal Action - Shareholders who purchased Freeport securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees [2]. - The Rosen Law Firm is preparing a class action to seek recovery of investor losses related to Freeport [2]. Group 2: Incident and Market Reaction - On September 24, 2025, Freeport released an update regarding a mud rush incident at the Grasberg Block Cave mine in Indonesia, which resulted in the fatal injuries of two team members [3]. - Following the announcement of this incident, Freeport's stock price fell by 16.95% on the same day [3]. Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. - The firm has achieved significant settlements for investors, including over $438 million in 2019, and has been consistently ranked among the top firms for securities class action settlements [4].

Group 1 - Bank of America Securities upgraded the rating of copper miner Freeport-McMoRan from "Neutral" to "Buy" [1] - The target price for Freeport-McMoRan remains at $42 [1]