Group 1 - Freeport-McMoRan expects consolidated sales to decrease by approximately 4% for copper and nearly 6% for gold in the third quarter compared to previous forecasts, leading to a 9% drop in the company's shares during premarket trading [1][2] - The company had previously forecasted consolidated sales of 1 billion pounds of copper and 350 thousand ounces of gold for the third quarter [2] - Mining operations at the Grasberg mine in Indonesia were temporarily halted due to a large flow of wet material that blocked access to parts of the underground mine, affecting evacuation routes for seven workers [1][2] Group 2 - Freeport-McMoRan operates the Grasberg mine, one of the largest gold and copper mines globally, and has been constructing a smelter in Indonesia, which was damaged by a fire last year and subsequently shut down [2]

Core Points - Freeport's Board of Directors declared a cash dividend of $0.15 per share on its common stock [1] - The dividend consists of a base dividend of $0.075 per share and a variable dividend of $0.075 per share, reflecting the company's performance-based payout framework [1] - The dividend payment is scheduled for November 3, 2025, to shareholders of record as of October 15, 2025 [1]

Company Performance - Micron Technology's stock fell 2.8% despite reporting better-than-expected profit and revenue, indicating high market expectations as the stock had already gained 97.7% year-to-date [3] - Freeport-McMoRan's stock dropped 17% after the company revised its copper sales forecast down by 4% and gold sales by approximately 6% for the third quarter [4] - Lithium Americas' stock surged 95.8% following reports of potential U.S. government ownership stake in the company, which is developing a lithium project in Nevada with General Motors [4][5] Industry Trends - U.S. stock indexes experienced a slight decline after a significant rally, raising concerns about stock prices becoming too high if the Federal Reserve does not meet rate cut expectations [2] - Homebuilders saw gains as U.S. new home sales in August exceeded economists' forecasts, with Lennar rising 2% and PulteGroup and D.R. Horton both increasing by 0.7% [6]

With significant upside potential, Freeport-McMoRan Inc. (NYSE:FCX) secures a spot on our list of the Top 15 Stocks to Buy in 11 Different Sectors for the Next 3 Months. Freeport-McMoRan Inc. (FCX) Reports an Incident at Its Grasberg Block Cave Underground Mine in Central Papua, Indonesia On September 8, 2025, Freeport-McMoRan Inc. (NYSE:FCX) reported an incident at its Grasberg Block Cave underground mine in Central Papua, Indonesia, where a significant flow of wet material temporarily trapped seven con ...

Core Viewpoint - Copper prices have risen due to the assessment of the impact of an incident in Indonesia on global supply, which has led to a two-week shutdown of the world's second-largest copper mine [1] Group 1: Incident Impact - The Grasberg mine operated by Freeport-McMoRan (FCX.US) has experienced a tragic incident where two workers' bodies have been found, while five others remain missing following a landslide on September 8 [1] - The mine may face a prolonged shutdown, potentially exacerbating the existing supply shortages in the market and driving prices higher [1] Group 2: Market Response - On Monday, copper prices reached over $10,000 per ton on the London Metal Exchange before slightly retreating, currently maintaining at $9,994 per ton [1] - Other metals have also seen price increases, with aluminum rising by 0.3% and iron ore prices up by 0.4% to $106.95 per ton in Singapore [1] Group 3: Future Price Projections - Citigroup analysts indicated that copper prices are expected to remain stable until 2025, after which a stronger upward trend is anticipated, potentially reaching $12,000 per ton [1]

Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving Freeport-McMoran Inc. and its officers or directors [1]. Group 1: Company Operations - On September 9, 2025, Freeport announced the suspension of mining activities at its Grasberg Block Cave operation in Indonesia due to a blockage caused by wet material, which trapped seven workers [3]. - Following the announcement, Freeport's stock price decreased by $2.80 per share, representing a decline of 5.99%, closing at $43.87 per share on the same day [3]. Group 2: Legal Investigation - Pomerantz LLP is actively seeking claims from investors of Freeport regarding the alleged securities fraud or other unlawful practices [1]. - The firm has a long history in corporate, securities, and antitrust class litigation, having recovered numerous multimillion-dollar damages awards for victims of securities fraud and corporate misconduct [4].

Core Viewpoint - Freeport is actively working to locate seven team members from PT Freeport Indonesia who are currently unaccounted for due to a mud flow incident that occurred on September 8 [1] Group 1: Incident Details - The mud flow incident blocked access routes in the Grasberg Block Cave, impacting the operations of the mine [1] - Efforts are ongoing to clear the access routes to the service level of the mine where the seven contractors were working at the time of the incident [1] Group 2: Response Efforts - Expert teams are working around the clock to resolve the situation and locate the missing team members [1] - The company is focused on addressing the challenges posed by the wet material that entered the mine [1]

Group 1 - FCX investors have the opportunity to participate in a fraud investigation against Freeport-McMoRan Inc. led by the Schall Law Firm [1]

Group 1 - Freeport-McMoRan Inc. (NYSE:FCX) shares fell by 5.9% following the announcement of a merger between Teck Resources and Anglo American, creating a $53 billion entity, raising concerns about FCX's position in the copper industry [2] - Jim Cramer highlighted that investors are growing weary of FCX due to its poor performance, noting that it has not been a strong performer since 2018 when it was priced at $30 [2] - Despite acknowledging FCX's potential, there is a belief that certain AI stocks may offer better returns with lower risk, suggesting a shift in investment focus [2] Group 2 - The copper industry is currently benefiting from increased demand driven by AI-related data center developments, which could impact FCX's market position [2] - The article suggests that while FCX is a notable player in the copper sector, the overall sentiment among investors is shifting towards AI stocks for better investment opportunities [2]

Group 1: Market Dynamics - Freeport-McMoRan (FCX) stock experienced a decline of 5.9% following Anglo American's acquisition of Teck Resources for $53 billion, marking a significant merger in the copper sector [1] - The merger creates one of the largest copper mining companies globally, reflecting increasing competition in the copper market driven by rising demand from electric vehicles, renewable energy, and artificial intelligence [1] Group 2: Company Performance - FCX is currently valued at $63 billion with $26 billion in revenue, trading at $43.89, showing a revenue growth of 4.6% over the last 12 months and an operating margin of 26.8% [5] - The company has a debt-to-equity ratio of 0.15 and a cash-to-assets ratio of 0.08, indicating a relatively strong liquidity position [5] Group 3: Historical Stock Performance - FCX stock has shown significant volatility, falling 51.7% from a high of $51.93 on March 25, 2022, to $25.09 on July 14, 2022, compared to a 25.4% decline in the S&P 500 during the same period [6] - The stock fully recovered to its pre-crisis peak by April 29, 2024, and reached a high of $54.86 on May 20, 2024, currently trading at $43.89 [6] - Historical data shows that FCX stock has experienced substantial declines during past crises, including a drop of 60.8% during the COVID-19 pandemic and 86.7% during the 2008 financial crisis, with varying recovery timelines [8]