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 those wishing to serve as lead plaintiff must file with the Court by January 12, 2026 [3]. - Investors can join the class action by visiting the provided link or contacting the law firm directly for more information [6]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting their own success in this area [4]. - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company, and has consistently ranked highly in terms of settlements since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing their capability in recovering funds for clients [4]. Group 3: Case Allegations - The lawsuit alleges that Freeport-McMoRan made false and misleading statements regarding safety at the Grasberg Block Cave mine in Indonesia, which posed a heightened risk to workers [5]. - It is claimed that the lack of proper safety measures led to undisclosed risks of regulatory, litigation, and reputational damage, affecting the company's business statements [5]. - The lawsuit asserts that when the true details became public, investors suffered damages due to the misleading information provided by the defendants [5].

Summary of Key Points from the Conference Call Industry Overview - **Industry**: Global Copper - **Current Price**: Copper prices reached approximately US$11,900 per ton (US$5.40 per pound), marking a new all-time high [2][24] Core Insights and Arguments - **Substitution Concerns**: Despite rising copper prices, the potential for substitution with alternative materials is not expected to significantly disrupt market expectations for widening deficits and higher prices. Substitution risks are acknowledged but deemed insufficient to close the long-term market deficit projected for 2030 [2][24] - **Long-term Demand Forecast**: The analysis indicates that copper demand loss to substitution has averaged around 2% per annum over the last 20 years, with recent acceleration to over 400,000 tons per annum, which is still considered manageable within the context of overall demand growth [6][24] - **Market Deficit Projection**: J.P. Morgan Commodities Research forecasts a copper market deficit of approximately 2 million tons by 2030, despite potential increases in substitution and recycling efforts [24][25] Investment Recommendations - **Top Picks**: - **EMEA**: Antofagasta (Overweight rating), expected to achieve over 30% copper volume growth and return on capital employed (ROCE) exceeding 30% by 2028/29 [7][50] - **Americas**: Freeport-McMoRan and Grupo Mexico are also rated Overweight [7][50] - **Asia-Pacific**: Zijin and Capstone are rated Overweight [7][50] Additional Insights - **Technological Developments**: New leaching technologies could add approximately 590,000 tons per annum to global copper supply by 2030, but face uncertainties regarding timelines and capital intensity [42][46] - **Recycling Growth**: Scrap supply is expected to grow at 5-6% per annum to 2030, but the response to price-driven scrap supply may be muted due to prior market disruptions [31][42] - **Electric Vehicle (EV) Demand**: Total copper demand from electric vehicles is projected to more than double from approximately 1.4 million tons in 2023 to 3 million tons by 2030, driven by increasing battery sizes and vehicle energy density [31][42] Risks and Challenges - **Substitution Limitations**: Even if substitution accelerates to 6% of copper demand, it would only result in an additional demand destruction of approximately 1.3 million tons per annum by 2030, insufficient to offset the projected market deficit [24][25] - **Regulatory and Market Uncertainties**: Tax policy uncertainties in China regarding scrap supply and the overall economic environment could pose risks to the copper market [31][42] Conclusion - The overall sentiment remains bullish on copper investments, with a strong emphasis on the long-term demand outlook despite short-term substitution risks. The focus on technological advancements and recycling efforts is crucial for addressing future supply challenges [2][24][31]

Core Viewpoint - The Freeport-McMoRan Inc. is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims related to safety issues at its Grasberg mine in Indonesia and subsequent operational impacts [1][3][4]. Group 1: Class Action Details - Purchasers of Freeport-McMoRan securities between February 15, 2022, and September 24, 2025, can seek appointment as lead plaintiff by January 12, 2026 [1]. - The lawsuit is titled Reed v. Freeport-McMoRan Inc., No. 25-cv-04243 (D. Ariz.) [1]. - The allegations include failure to ensure safety at the Grasberg Block Cave mine, leading to heightened risks for workers [3]. Group 2: Incident and Stock Impact - On September 9, 2025, Freeport-McMoRan reported a significant incident at the Grasberg mine, resulting in a nearly 6% drop in stock price [4]. - Following the incident, on September 24, 2025, it was disclosed that two team members were fatally injured, and production estimates for 2026 could be approximately 35% lower than previously expected, causing a nearly 17% decline in stock price [5]. - An article published on September 25, 2025, highlighted potential strains in Freeport-McMoRan's relationship with the Indonesian government, leading to an additional stock price drop of over 6% [6]. Group 3: Legal Process and Firm Background - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Freeport-McMoRan securities during the Class Period to seek lead plaintiff status [7]. - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud litigation, having recovered over $2.5 billion for investors in 2024 alone [8].

Core Insights - The One Big Beautiful Bill Act, signed into law on July 4, will significantly impact markets starting in January, particularly benefiting cyclical sectors outside of tech and AI [1][2] - Société Générale's chief US equity strategist, Manish Kabra, has identified 30 stocks that are expected to benefit from the tax and regulatory breaks provided by the bill, focusing on financials, industrials, and consumer cyclicals [2] Beneficiary Sectors - Key sectors poised for growth include defense, small-caps, consumer, and energy, as they are expected to receive a boost from the new tax and regulatory policies [2] - The average forward price-to-earnings ratio for the identified stocks is 17x, with an expected earnings-per-share growth of 15% in 2026 and 2027 [3] Defense Beneficiaries - General Dynamics Corp (GD): Positioned for defense modernization funding [6] - L3Harris Technologies Inc (LHX): Benefits from investment in advanced systems [6] - Northrop Grumman Corp (NOC): Well-placed for missile defense and space programs [6] - Huntington Ingalls Industries (HII): Supported by naval modernization initiatives [6] Capex Incentive Beneficiaries - United Rentals Inc (URI): Set to gain from increased construction activity [6] - Jacobs Solutions Inc (J): Benefits from infrastructure upgrades and industrial investment incentives [6] - Trimble Inc (TRMB): Aligned with manufacturing investment push [6] - Caterpillar Inc (CAT): Benefits from accelerated depreciation and domestic production incentives [6] - Cummins Inc (CMI): Supported by R&D expensing and industrial investment [6] - Deere & Co (DE): Gains from capex incentives and domestic manufacturing support [6] - Nucor Corp (NUE): Benefits from industrial base expansion and construction demand [6] - Freeport-McMoRan Inc (FCX): Critical supplier for electrification and infrastructure projects [6] - Duke Energy Corp (DUK): Positioned for grid modernization under capex policies [7]

Core Insights - Financial institutions are showing a bullish sentiment towards Freeport-McMoRan, with 65% of traders being bullish and only 15% bearish, indicating strong market confidence in the stock [1] - The expected price range for Freeport-McMoRan over the last three months is between $20.0 and $55.0, suggesting a stable trading environment [2] - Recent options trading data indicates significant interest in call options, with a total value of $2,771,600 for calls compared to $126,403 for puts, further emphasizing bullish sentiment [1] Options Trading Analysis - The analysis of volume and open interest reveals that Freeport-McMoRan's options are actively traded, with notable whale activity observed within the strike price range of $20.0 to $55.0 over the last 30 days [3][4] - The largest options trades include multiple bullish call sweeps, with significant total trade prices such as $348.2K and $229.5K for calls with a strike price of $47.00 [7] Company Overview - Freeport-McMoRan is a leading copper miner, owning stakes in 10 copper mines, including a 49% stake in the Grasberg operations in Indonesia and a 55% stake in the Cerro Verde mine in Peru [8] - In 2024, Freeport-McMoRan sold approximately 1.2 million metric tons of copper and 900,000 ounces of gold, maintaining its position as one of the largest copper producers globally [8] - The company has about 25 years of copper reserves remaining and is expected to maintain similar copper sales midcycle in 2029, although gold production is anticipated to decline [8] Market Position and Analyst Ratings - Recent analyst ratings suggest a positive outlook for Freeport-McMoRan, with an average target price of $59.0 from two industry analysts [9] - JP Morgan maintains an Overweight rating with a price target of $58, while UBS holds a Buy rating with a target price of $60, reflecting confidence in the company's future performance [10]

Core Viewpoint - Class action lawsuits have been filed on behalf of shareholders of several publicly-traded companies, with specific allegations of misleading statements and undisclosed risks impacting their financial performance [1]. Company Summaries Freeport-McMoRan Inc. (NYSE: FCX) - Class Period: February 15, 2022 – September 24, 2025 - Allegations include failure to ensure safety at the Grasberg Block Cave mine, leading to heightened risks of worker fatalities and undisclosed regulatory and reputational risks [2]. Perrigo Company plc (NYSE: PRGO) - Class Period: February 27, 2023 – November 4, 2025 - Allegations focus on significant underinvestment in the infant formula business acquired from Nestlé, requiring substantial capital expenditures for remediation, and overstated financial results [3]. Jayud Global Logistics Limited (NASDAQ: JYD) - Class Period: April 21, 2023 – April 30, 2025 - Allegations include involvement in a fraudulent stock promotion scheme, insider trading activities, and misleading public statements regarding the company's operations and risks [4]. StubHub Holdings, Inc. (NYSE: STUB) - Class Period: September 14, 2025 – November 24, 2025 - Allegations pertain to changes in vendor payment timing adversely affecting free cash flow, leading to materially misleading financial reports [5].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Freeport-McMoRan Inc. due to allegations of violations of federal securities laws related to safety issues at the Grasberg Block Cave mine in Indonesia, which resulted in significant investor losses [2][4]. Group 1: Legal Investigation and Class Action - The firm is reminding investors of the January 12, 2026 deadline to seek the role of lead plaintiff in a federal securities class action against Freeport [2]. - The complaint alleges that Freeport and its executives made false or misleading statements regarding safety measures at the Grasberg mine, which led to increased risks for workers [4]. - Investors who purchased Freeport securities between February 15, 2022, and September 24, 2025, are encouraged to discuss their legal rights with the firm [1]. Group 2: Incident and Stock Price Impact - On September 9, 2025, Freeport suspended mining activities at the Grasberg mine after an incident trapped seven workers, causing the stock price to drop by $2.77, or 5.9%, closing at $43.89 per share [5]. - Following an update on September 24, 2025, revealing two fatalities among the trapped workers, Freeport's stock price fell by $7.69, or 17%, closing at $37.67 per share [6]. - An article published on September 25, 2025, highlighted potential strains in Freeport's relationship with the Indonesian government due to the halt in production, leading to a further stock price decline of $2.33, or 6.2%, closing at $35.34 [7][8]. Group 3: Safety Concerns and Expert Opinions - An expert stated that the landslide incident at the Grasberg mine was preventable and should have been anticipated, raising concerns about Freeport's safety protocols [8]. - The investigation seeks information from whistleblowers, former employees, and shareholders regarding Freeport's conduct [9].

Core Points - A class action securities lawsuit has been filed against Freeport-McMoRan Inc. for alleged securities fraud affecting investors between February 15, 2022, and September 24, 2025 [1][2] - The lawsuit claims that Freeport failed to ensure safety at the Grasberg Block Cave mine in Indonesia, leading to increased risks for workers and potential regulatory and reputational consequences [2] - Investors who suffered losses during the specified period have until January 12, 2026, to request to be appointed as lead plaintiff, with no costs required to participate in the lawsuit [3] Company Details - The complaint alleges that Freeport's statements regarding its business operations and prospects were materially false and misleading due to undisclosed safety risks [2] - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4]

Core Insights - Two stocks in the materials sector are signaling potential warnings for momentum-focused investors as of December 19, 2025 [1] Group 1: Stock Performance - Freeport-McMoRan Inc (NYSE:FCX) has seen its stock price increase by approximately 16% over the past month, reaching a 52-week high of $49.12 [5] - Alcoa Corp (NYSE:AA) experienced a stock price increase of around 31% in the last month, with a 52-week high of $48.73 [5] Group 2: Analyst Ratings and Price Targets - UBS analyst Daniel Major maintained a Buy rating for Freeport-McMoRan and raised the price target from $55 to $60 [5] - Alcoa received a Neutral rating from UBS, with the price target increased from $42 to $48 [5] Group 3: Momentum Indicators - Freeport-McMoRan has an RSI value of 71.3, indicating it may be overbought [5] - Alcoa has a higher RSI value of 72.8, also suggesting it may be overbought [5]

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 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 one of the leading securities litigation firms in the United States [4].