Group 1 - Copper, gold, and silver prices have increased significantly this year, driven by investor hedging against political instability and dollar weakness, alongside tightening supplies of major metals [1] - Copper prices reached a record high of $11,485 per metric ton, reflecting a 34.1% increase year-to-date [2] - The surge in copper prices is attributed to increased demand from AI data center buildouts and renewable energy projects, which are tightening supplies typically used for electric vehicles and smartphones [3] Group 2 - U.S. silver futures have surged by 101.4%, rising from $29.24/oz to $58.88/oz, while gold prices have increased by 60.7% year-to-date [4] - The demand for gold and silver has risen as investors seek protection against political instability, inflation, and a weak dollar, influenced by tariffs and a recent government shutdown [4] - A refined copper supply deficit of 304,000 tons is projected for 2025, with even larger shortfalls expected in the coming year [5]

Labor Market Overview - The White House announced the likely absence of the October Bureau of Labor Statistics jobs report due to a government shutdown, casting doubt on the previously reported strong September data [1] - The ADP private sector jobs report, based on anonymized payroll data from over 26 million U.S. private-sector employees, is a trusted non-government source for labor data [3] Job Losses and Sector Performance - Private employers cut 32,000 jobs in November, with significant losses in construction, manufacturing, professional/business services, and information services [5] - Job declines were uneven across sectors, with construction losing 9,000 jobs, manufacturing losing 18,000, and professional/business services losing 26,000, while natural resources and mining added 8,000 jobs [7] Regional Job Trends - The Northeast and South experienced steep job losses, with New England laying off 50,000, the Mid-Atlantic cutting 49,000, and the South Atlantic losing nearly 80,000 jobs; in contrast, the Midwest and West reported job gains of 45,000 and 67,000, respectively [9]

TORONTO, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Future Mineral Resources Inc. (formerly Sulliden Mining Capital Inc.) (“Future Mineral” or the “Company”) (TSX: FMR) is pleased to announce that Dr. Andreas Rompel has been appointed as a director of the Company, effective immediately. Dr. Rompel is a seasoned exploration professional with more than three decades of exploration and mining experience in a wide range of roles from VP Exploration and Project Manager to Country Manager and Corporate Development. Dr. Ro ...

Core Viewpoint - Euro Sun Mining Inc. has received a positive outcome from the European Commission regarding its Rovina Valley Project, affirming the project's strategic importance and dismissing allegations made by NGOs as unfounded [1][2]. Company Overview - Euro Sun Mining Inc. is a Toronto Stock Exchange-listed mining company focused on the exploration and development of its 100%-owned Rovina Valley Project in Romania, which is noted to host the second largest copper and gold deposit in Europe [3]. - The Rovina Valley Project has been granted European strategic status, which is expected to facilitate investment and job creation in Hunedoara County, while also providing critical minerals necessary for Europe's green energy transition [3]. Response to Allegations - The European Commission's internal review found eleven allegations made by NGOs to be partially inadmissible and unfounded, which the company views as an affirmation of its asset [1][2].

Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. for securities fraud, following significant stock drops attributed to alleged violations of federal securities laws [2][4]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Arizona, titled Reed v. Freeport-McMoRan Inc., et al., No. 2:25-cv-04243, with investors having until January 12, 2026, to seek lead plaintiff status [4]. - The complaint alleges violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Freeport securities [4]. Group 2: Company Operations and Safety Claims - Freeport operates the Grasberg Copper and Gold Mine in Indonesia, where it has been accused of overstating its commitment to safety while conducting unsafe mining practices [5][6]. - The company had previously promoted its safety measures, including the use of data and technology to prevent fatal incidents [5]. Group 3: Stock Price Impact - On September 9, 2025, Freeport's stock dropped by $2.77 per share (over 5.9%) following a press release about suspended mining operations due to a landslide [7]. - Following an update on September 24, 2025, indicating two fatalities and a projected 4% and 6% decrease in copper and gold sales, respectively, the stock fell by $7.69 per share (almost 17%) [8]. - Additional reports on September 25, 2025, regarding strained relations with the Indonesian government led to a further decline of $2.33 per share (over 6%) [10]. - An Indonesian news report on September 28, 2025, suggested the incident was preventable, further impacting investor confidence [11].

Core Viewpoint - Freeport-McMoran Inc. is facing a class action lawsuit due to allegations of misleading investors about safety conditions at its mines, particularly the Grasberg Block Cave mine in Indonesia, which has resulted in worker fatalities and stock price declines [1]. Group 1: Company Overview - Company: Freeport-McMoran Inc. (NYSE: FCX) is a mining company [1]. - Class period for the lawsuit is from February 15, 2022, to September 24, 2025 [1]. Group 2: Allegations - The lawsuit claims that Freeport failed to disclose inadequate safety measures at the Grasberg Block Cave mine, which posed a heightened risk of worker fatalities [1]. - The complaint states that the lack of safety precautions led to regulatory, litigation, and reputational risks that were not disclosed to investors [1]. - Following an incident on September 9, 2025, where seven workers could not evacuate safely, Freeport's stock price declined, and it fell further on September 24, 2025, after two workers were reported fatally injured [1]. Group 3: Legal Proceedings - Shareholders wishing to serve as lead plaintiffs must file their papers by January 12, 2026 [1]. - Participation in the class action is not required to be eligible for recovery, and shareholders can remain absent class members if they choose [1].

RT Bloomberg em Português (@BBGEmPortugues)J&F CONTRATA CITIGROUP - A J&F, holding controlada pelos irmãos Batista, contratou o Citigroup para vender uma participação minoritária em sua unidade LHG Mining a um potencial parceiro estratégico, segundo fontes #vendaPor @rachelgamarski e @maridurao https://t.co/t9rPbCxwuv ...

Core Insights - Vale reported a significant increase in iron ore production, achieving 94.4 million metric tons in Q3 2025, the highest quarterly output since 2018, and a total of 245.7 million tons for the first nine months, positioning the company to meet its annual target of 325 to 335 million tons [2][3] Production and Operational Performance - The increase in production is attributed to successful ramp-up at major sites like the S11D mine and improvements in operational reliability after previous disruptions [2] - Vale has effectively reduced its iron ore cash cost to approximately $21 per ton, enhancing its profitability even in a challenging market [4] - The company is shifting its focus to higher-grade iron ore, which commands better prices and is preferred by steel mills for its efficiency benefits [5] Market Dynamics and Demand Shifts - Despite weak global demand for steel and iron ore, particularly in China, Vale is targeting emerging markets such as India and Southeast Asia, which are expected to absorb more high-grade ore exports [5][6] - The diversification of Vale's customer base is seen as a positive move, reducing reliance on traditional markets and aligning with long-term growth strategies [6] Stock Performance and Investor Sentiment - The rise in Vale's stock is driven by strong operational performance, cost discipline, and a strategic shift towards high-grade ore, making the company more resilient to commodity price fluctuations [7] - Changing demand dynamics, especially from emerging economies, contribute to investor optimism regarding Vale's long-term growth potential [7] Future Opportunities - Potential growth opportunities for Vale include increased global infrastructure demand outside of China and advancements in its copper and nickel divisions, which align with trends in electrification and green energy [8] Risks and Challenges - Vale remains exposed to commodity price volatility, which could impact profitability despite its cost advantages [9] - A significant downturn in macroeconomic conditions, particularly in developing economies, could suppress demand for iron ore, which still constitutes a large portion of Vale's revenue [9]

NEW YORK, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, announces that a complaint was filed in the United States District Court for the District of Arizona on behalf of investors (the “Class”) who purchased or acquired the securities of Freeport-McMoran Inc. (“Freeport” or the “Company”) (NYSE: FCX) between February 15, 2022 and September 24, 2025, inclusive, alleging violations of the Securities Exchange Act of 1934 against the Company and certa ...

Core Insights - Barrick Mining Corporation has completed the divestment of its interests in the Tongon gold mine and several exploration properties in Côte d'Ivoire to the Atlantic Group for a total consideration of $305 million [1][7] Financial Details - The total consideration includes a cash payment of $192 million, which consists of a $23 million shareholder loan repayment due within six months of closing, and contingent cash payments of up to $113 million based on gold prices over 2.5 years and resource conversions over five years [2][7] Company and Market Impact - The Atlantic Group, a privately held multisectoral Pan-African Group, will take over the ownership of Tongon, which is expected to enhance local stewardship and community benefits [3] - Barrick has successfully extended the life of the Tongon mine, which has generated over $2 billion in revenues for the Ivorian economy over the past 15 years [3] - The proceeds from the sale will be used to strengthen Barrick's balance sheet and deliver returns to shareholders, with the company's shares having increased by 141.2% over the past year, outperforming the industry's growth of 121% [4][7]