Core Viewpoint - UBS anticipates a significant increase in copper prices due to ongoing supply disruptions and strong long-term demand driven by electrification and clean energy investments, revising its price forecast for March 2026 to $11,500 and setting a new year-end target of $13,000 per ton [1] Supply and Demand Dynamics - UBS has sharply revised its deficit forecasts, now expecting a 230,000-ton shortfall in 2025, up from 53,000 tons, and a 407,000-ton deficit in 2026, previously expected to be 87,000 tons [2] - Structural supply constraints are expected to persist in 2026 due to disruptions in major producing countries, slower recovery in Chile, and ongoing protests in Peru [3] Market Influences - The U.S. Dollar Index (DXY) has decreased by 0.52% over the past five days and 8.19% year to date, making dollar-priced copper more attractive to global buyers, which supports higher copper prices [4] - Market expectations of a Fed rate cut in December, with an 85.1% likelihood of lowering rates to 3.50-3.75%, are seen as a tailwind for copper prices, easing financial pressures on manufacturers and construction firms [5] Demand Growth Factors - Global copper demand is expected to rise by 2.8% in both 2025 and 2026, driven by sectors such as electric vehicles, renewable energy expansion, power-grid investments, and increasing data-center activity [6] Investment Opportunities - UBS recommends maintaining long copper positions, noting that any near-term price softness is likely to be short-lived. Several ETFs are highlighted for exposure to copper, including: - Global X Copper Miners ETF (COPX) with a year-to-date gain of 56.27% [7] - United States Copper Index Fund (CPER) with a year-to-date gain of 18.60% [8] - iShares Copper and Metals Mining ETF (ICOP) with a year-to-date gain of 48.63% [8] - Sprott Copper Miners ETF (COPP) with a year-to-date gain of 37.31% [8] - Themes Copper Miners ETF (COPA) with a year-to-date gain of 64.26% [9]

Company Overview - Andina Copper Corporation is a South America focused copper explorer listed on multiple exchanges including TSX Venture Exchange (TSXV: ANDC), Frankfurt (FSE: FIR), and OTC (OTCQB: PMMCF) [2] - The company is actively engaged in projects located in Argentina, Colombia, and Chile [2] Strategic Focus - The company's strategy involves acquiring copper projects that have compelling scale and grade, with a focus on adding value through rapid exploration [3] - Andina Copper Corporation is currently working on two significant discoveries along the world's premier copper producing belt, as well as an undrilled copper-gold target [3] Key Projects - The Piuquenes project is identified as a high-grade copper-gold porphyry located along the San Juan, Argentina Miocene belt [4] - Cobrasco is a new copper-moly porphyry discovery located in Chocó, Colombia [4] - Mantau is an undrilled copper-gold target situated in the Tier 1 address of Antofagasta, Chile [4]

Core Silver Corp Overview - Core Silver Corp. has announced the completion of the first of four deep exploratory diamond drill holes, LAV25-010, at the Laverdiere Copper Project [1] - The project is located in the Atlin Mining District of northwestern British Columbia [1] Exploration Program Details - The 2025 exploration program aims to assess the depth potential and continuity of a large multi-phase porphyry system measuring 5 km x 8 km [1] - The exploration methods include diamond drilling, structural mapping, and surface sampling [1] Mineralization Findings - The drill hole LAV25-010 has intersected representative porphyry copper-molybdenum-silver (Cu-Mo-Ag) mineralization [1]

Core Viewpoint - Rosen Law Firm is encouraging investors of Freeport-McMoRan Inc. to seek legal counsel before the January 12, 2026 deadline related to a securities class action lawsuit [1][3] Group 1: Class Action Details - The class action pertains to investors who purchased Freeport-McMoRan securities between February 15, 2022, and September 24, 2025 [1][2] - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A lead plaintiff must be appointed by January 12, 2026, to represent other class members in the litigation [3] Group 2: Legal Representation - Investors are advised to select qualified legal counsel with a proven track record in securities class actions [4] - Rosen Law Firm has achieved significant settlements in the past, including the largest securities class action settlement against a Chinese company [4] - The firm has consistently ranked highly in securities class action settlements, recovering hundreds of millions for investors [4] Group 3: Case Allegations - The lawsuit alleges that Freeport-McMoRan made false or misleading statements regarding safety at the Grasberg Block Cave mine in Indonesia [5] - It claims that inadequate safety measures posed a heightened risk to workers, leading to potential regulatory and reputational risks [5] - The lawsuit asserts that the company's statements about its business and operations were materially false and misleading [5]

Core Insights - Freeport-McMoRan Inc. (FCX) and Southern Copper Corporation (SCCO) are major players in the copper mining industry, facing challenges from fluctuating copper prices and global economic uncertainties [1] - Copper prices have shown volatility throughout the year, influenced by global economic conditions and trade tensions, with prices fluctuating between approximately $4.1 and $5.96 per pound [2][3] Freeport-McMoRan Inc. (FCX) - FCX is focused on high-quality copper assets and organic growth opportunities, with significant expansions at Cerro Verde in Peru and potential projects at El Abra in Chile [5][6] - The company has a strong liquidity position, generating operating cash flows of around $1.7 billion in Q3 2025, with $4.3 billion in cash and equivalents [8] - FCX's net debt stands at $1.7 billion, below its target range, and it has a policy of distributing 50% of available cash to shareholders [9][10] - However, FCX faces rising costs, with average unit net cash costs increasing to $1.40 per pound in Q3 2025, and projected to rise to $2.47 per pound in Q4 2025 [11][12] - Copper sales volumes fell approximately 6% year-over-year in Q3 2025, primarily due to operational suspensions at the Grasberg mine [13][14] Southern Copper Corporation (SCCO) - SCCO has a robust pipeline of copper projects, with over $15 billion earmarked for capital investments, particularly in Peru [15][16] - The Michiquillay project is expected to produce 225,000 tons of copper annually, with production starting by 2032 [17] - SCCO generated net cash from operating activities of $4.42 billion in 2024, reflecting a 24% increase from the previous year, and $1.56 billion in Q3 2025 [19] - The company offers a dividend yield of 2.9% with a payout ratio of 67% and a five-year annualized dividend growth rate of approximately 0.6% [19] Comparative Analysis - FCX is trading at a forward 12-month earnings multiple of 23.18X, while SCCO is at 22.57X, both above their five-year medians [21][22] - Year-to-date, FCX stock has gained 7.9%, while SCCO stock has increased 41.7% [23] - FCX's return on equity is 7.8%, significantly lower than SCCO's 38.8%, indicating SCCO's more efficient use of shareholder funds [27] - The consensus estimates for SCCO suggest year-over-year growth in sales and EPS, while FCX's estimates imply a decline in sales and modest EPS growth [25][29] Investment Outlook - Both companies are advancing their growth projects amid a volatile copper pricing environment, with FCX focusing on expansion activities and SCCO committed to low-cost production [31][32] - SCCO's higher earnings growth projections and effective utilization of shareholder funds suggest it may offer better investment prospects in the current market [32] - FCX currently holds a Zacks Rank of 3 (Hold), while SCCO has a Zacks Rank of 1 (Strong Buy) [33]

Government Policy - Zambia's presidency rejected proposed regulations for state ownership in mines [1] - The proposal aimed to give the state a minimum 15% stake in copper and other critical mineral mines [1]

Core Insights - Mogotes Metals is focused on discovering the next major copper find in the Andes, positioning itself next to the largest copper discovery in 30 years [1] - The company has invested $20 million over three years in systematic exploration, identifying multiple high-potential targets [1] - Drilling has commenced, with results anticipated throughout the season [1] Company Overview - Mogotes Metals is listed on the TSX Venture Exchange under the ticker MOG [1] - The company is based in Vancouver, British Columbia [1] Industry Context - The Andes region is known for its rich mineral deposits, particularly copper, making it a strategic area for exploration and investment [1]

Vancouver, British Columbia--(Newsfile Corp. - November 25, 2025) - Canada One Mining Corp. (TSXV: CONE) (OTC Pink: COMCF) (FSE: AU31) ("Canada One" or the "Company") is pleased to provide an exploration update following the Phase 2 exploration program conducted at its 100% owned Copper Dome Project, ("Copper Dome", "Project" or "Property"), Princeton B.C.2025 FIELD PROGRAM HIGHLIGHTS Crews established 53 field stations with full metadata across the property, systematically documenting geological observati ...

VANCOUVER, British Columbia, Nov. 25, 2025 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSXV: HI; OTCQB: HDRSF) (“Highland Copper” or the “Company”) is pleased to announce that it has signed a binding offer from its joint venture partner, Kinterra Copper USA LLC (“Kinterra”), for the sale of the Company’s 34% interest in the White Pine North Project (“White Pine”) for aggregate consideration of approximately US$30 million. This transaction represents a significant milestone in optimizing Highland Coppe ...

Ivanhoe Mines Announces Completion of Hydropower Ramp-Up of 178-megawatt Turbine #5 at Inga IINovember 25, 2025 6:35 AM EST | Source: Ivanhoe Mines Ltd.Initial 50 megawatts received at Kamoa-Kakula; expected to increase to 100 megawatts by Q1 2026 as grid improvements are completed, and 150 megawatts by 2027Over 10 years of partnership between Ivanhoe Mines and Société Nationale d'Electricité (SNEL) in the refurbishment of 250 megawatts of renewable, hydropower capacityKolwezi, Democratic Repu ...