Group 1 - As of January 7, 2026, two stocks in the materials sector are signaling potential warnings for momentum-focused investors [1] - The Relative Strength Index (RSI) is a key momentum indicator, with values above 70 indicating that a stock may be overbought [2] - Southern Copper Corp (NYSE:SCCO) has an RSI value of 71.4, indicating it may be overbought [5] - Freeport-McMoRan (FCX) has an RSI value of 75.3, also suggesting it may be overbought [5] Group 2 - Southern Copper's stock gained approximately 14% over the past month, reaching a 52-week high of $161.59, and closed at $160.08 [5] - Freeport-McMoRan's stock increased around 25% in the last month, achieving a 52-week high of $57.12, and closed at $56.15 [5] - Analysts have downgraded Southern Copper from Market Perform to Underperform with a price target of $126, while maintaining an Overweight rating for Freeport-McMoRan and raising its price target from $47 to $55 [5]

Core Viewpoint - The Freeport-McMoRan class action lawsuit alleges violations of the Securities Exchange Act of 1934 by the company and certain executives, focusing on safety issues at the Grasberg mine and the resulting financial impacts on the company's stock price [1][3]. Group 1: Lawsuit Details - The class action lawsuit is titled Reed v. Freeport-McMoRan Inc., and it covers purchasers of Freeport-McMoRan securities from February 15, 2022, to September 24, 2025 [1]. - The lawsuit claims that Freeport-McMoRan failed to ensure adequate safety at the Grasberg Block Cave mine, leading to heightened risks for workers and potential regulatory and reputational consequences [3]. Group 2: Incident and Stock Impact - 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]. - Following the tragic fatalities of two team members on September 24, 2025, and the announcement of a potential 35% reduction in production for 2026, the stock price fell nearly 17% [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 decline of over 6% [6]. Group 3: Legal Process and Representation - Investors who purchased Freeport-McMoRan securities during the class period can seek appointment as lead plaintiff, representing the interests of the class [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: Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [8]. - The firm has a strong track record, including the largest securities class action recovery in history, amounting to $7.2 billion in the Enron case [8].

Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. for alleged securities fraud related to safety issues at its Grasberg Block Cave mine in Indonesia, impacting investor interests during the specified class period [3]. Group 1: Lawsuit Details - The lawsuit covers investors who purchased Freeport securities from February 15, 2022, to September 24, 2025, alleging inadequate safety measures at the Grasberg mine [3]. - Allegations include that Freeport's lack of proper safety precautions heightened the risk of worker fatalities and led to undisclosed regulatory, litigation, and reputational risks [3]. Group 2: Incident Impact - On September 9, 2025, Freeport announced the suspension of mining operations at the Grasberg Block Cave due to a significant flow of wet material that trapped seven workers [4]. - Following this announcement, Freeport's share price fell by $2.77, or approximately 5.94%, from $46.66 on September 8, 2025, to $43.89 on September 9, 2025 [4]. Group 3: Investor Actions - Investors who suffered losses on Freeport investments have until January 12, 2026, to request lead plaintiff appointment in the class action lawsuit [2]. - Interested parties are encouraged to contact Kirby McInerney LLP for more information regarding their rights or interests in the lawsuit [6].

Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. for allegedly making false and misleading statements regarding safety at the Grasberg Block Cave mine in Indonesia, which may have led to investor losses [3][6]. Allegation Details - The lawsuit claims that Freeport did not adequately ensure safety at the Grasberg Block Cave mine, creating a heightened risk of worker fatalities [3]. - It is alleged that the lack of proper safety precautions constituted undisclosed regulatory, litigation, and reputational risks [3]. - The defendants' statements about Freeport-McMoRan's business and operations were materially false and misleading, lacking a reasonable basis [3]. Next Steps - Investors who purchased Freeport shares between February 15, 2022, and September 24, 2025, and suffered losses are encouraged to contact the law firm for more information and to discuss their legal rights [4][6]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is January 12, 2026 [6]. About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in various types of litigation, including securities and commercial litigation [5]. - The firm operates nationwide and handles cases in both federal and state courts [5].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Freeport-McMoRan Inc. securities between February 15, 2022, and September 24, 2025, of the January 12, 2026, deadline to become lead plaintiffs in 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 plaintiffs must act by January 12, 2026 [3]. - The lawsuit alleges that Freeport-McMoRan made false or misleading statements regarding safety at the Grasberg Block Cave mine in Indonesia, which led to increased risks for workers and potential damages for 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 recovering hundreds of millions for investors [4]. - The firm has been recognized for its achievements, including being ranked No. 1 for securities class action settlements in 2017 and securing over $438 million for investors in 2019 [4].

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

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]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: 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 regulatory, litigation, and reputational risks, resulting in materially false and misleading statements about the company's business and operations [5].

Group 1 - U.S. copper stocks strengthened on Tuesday, with Freeport-McMoRan (FCX.US) rising over 3%, Southern Copper (SCCO.US) up more than 3%, BHP (BHP.US) increasing by over 1.9%, and Teck Resources (RECK.US) gaining over 3% [1] - The rise in copper stocks is attributed to the historical milestone of London copper futures reaching $13,000 per ton, marking a continuation of the upward trend for this key industrial metal into 2026 [1]

Group 1 - The core viewpoint of the article highlights the strong performance of U.S. copper stocks, with notable increases in share prices for companies such as Freeport-McMoRan Copper & Gold (FCX.US), Southern Copper Corporation (SCCO.US), BHP Group (BHP.US), and Teck Resources (RECK.US) [1] - Freeport-McMoRan Copper & Gold (FCX.US) saw an increase of over 3%, while Southern Copper Corporation (SCCO.US) also rose by more than 3% [1] - BHP Group (BHP.US) experienced a rise of over 1.9%, and Teck Resources (RECK.US) increased by more than 3% [1] Group 2 - The article notes that copper futures in London reached a historic milestone, touching the $13,000 per ton mark for the first time, indicating a continuation of the upward trend for this key industrial metal into 2026 [1]

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: Allegations and Incidents - The complaint alleges that Freeport and its executives made false and misleading statements regarding safety at the Grasberg Block Cave mine, failing to disclose risks that could foreseeably lead to worker fatalities [4]. - On September 9, 2025, Freeport suspended mining activities at the Grasberg Block Cave after an incident trapped seven workers, leading to a stock price drop of $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]. Group 2: Market Reactions and Implications - On September 25, 2025, an article highlighted the potential strain on Freeport's relationship with the Indonesian government due to the halt in production, causing the stock price to drop by $2.33, or 6.2%, to close at $35.34 [7]. - An article published on September 28, 2025, suggested that the landslide incident was preventable, indicating that the risks were known and should have been anticipated [8]. Group 3: Legal Proceedings and Investor Actions - Investors who purchased Freeport securities between February 15, 2022, and September 24, 2025, are encouraged to discuss their legal rights and options, with a deadline of January 12, 2026, to seek the role of lead plaintiff in the class action [2][9]. - Faruqi & Faruqi, LLP is also seeking information from whistleblowers, former employees, and shareholders regarding Freeport's conduct [9].