Investment Rating - The investment rating for Jiangxi Copper is "Buy" with a target price of HK$27.90, indicating an expected share price decline of 12.2% from the current price of HK$31.76 [6]. Core Insights - The long-term treatment charge and refining charge (LT TC/RC) for copper concentrate is expected to be lower year-on-year in 2026, reflecting a tight supply situation as the LT TC/RC covers approximately 80% of total purchased overseas copper concentrate in 2025, down from 90% in previous years [1][2]. - The company plans to avoid large-scale maintenance work for copper smelting capacity until the LT TC/RC price for the next year is determined, with an anticipated increase in the percentage of spot TC/RC in the fourth quarter of 2025 if the LT TC/RC price remains low [3]. - Management believes that the impact of anti-involution on the copper smelting industry will primarily affect new capacity rather than existing capacity, as copper demand is expected to continue increasing, thus limiting the impact on copper prices [4]. - The copper foil business is projected to incur a net loss in 2025, but strong orders for lithium battery copper foil since September 2025 are expected to improve profitability in 2026, despite processing fees not significantly increasing [5]. Summary by Sections Valuation - Jiangxi Copper's H-shares are valued at HK$27.90 based on a combination of discounted cash flow (DCF) and price-to-book (P/B) fair values, with a DCF valuation yielding an NPV-per-share of HK$32.90 and a P/B valuation yielding HK$22.90 [8].

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 class action lawsuit set for January 12, 2026 [1][3] 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 interested parties can join by submitting a form or contacting the law firm [3][6] - The lawsuit alleges that Freeport-McMoRan made false or misleading statements regarding safety at the Grasberg Block Cave mine in Indonesia, which posed significant risks to workers and the company's reputation [5] 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 its own success in recovering hundreds of millions for investors [4] - The firm has been recognized for its leadership in securities class action settlements, achieving the largest settlement against a Chinese company and ranking highly in the industry since 2013 [4]

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 led to significant investor losses [3][6]. Group 1: Allegations and Incidents - The complaint alleges that Freeport and its executives made false or misleading statements regarding safety at the Grasberg Block Cave mine, failing to disclose risks that could foreseeably lead to worker fatalities [6]. - On September 9, 2025, Freeport suspended mining activities at the Grasberg Block Cave after an incident trapped seven workers, resulting in a stock price drop of $2.77, or 5.9%, to close at $43.89 per share [7][8]. - 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 [8]. - A subsequent article on September 25, 2025, indicated that the halt in production could strain Freeport's relationship with the Indonesian government, leading to another stock price decline of $2.33, or 6.2%, to close at $35.34 [9]. Group 2: Legal Actions and Investor Information - Investors who purchased Freeport securities between February 15, 2022, and September 24, 2025, are encouraged to discuss their legal rights and options for participating in a class action lawsuit [2][3]. - The deadline for seeking the role of lead plaintiff in the federal securities class action is January 12, 2026 [3]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding Freeport's conduct [11].

Core Viewpoint - Class action lawsuits have been filed against multiple publicly-traded companies, alleging that these companies made materially false and misleading statements regarding their business operations and prospects, leading to investor losses. Group 1: Stride, Inc. (NYSE: LRN) - The class period for Stride, Inc. is from October 22, 2024, to October 28, 2025, with a lead plaintiff deadline of January 12, 2026 [2] - Allegations include inflating enrollment numbers by retaining "ghost students," cutting staffing costs by overloading teachers, ignoring compliance requirements, suppressing whistleblowers, and losing student enrollments [2] Group 2: Primo Brands Corporation (NYSE: PRMB) - The class period for Primo Brands Corporation is from June 17, 2024, to November 6, 2025, with a lead plaintiff deadline of January 12, 2026 [3] - Allegations include poor merger integration with BlueTriton Brands, major supply disruptions affecting customers, and misleading positive statements about the company's business [3] Group 3: Freeport-McMoran Inc. (NYSE: FCX) - The class period for Freeport-McMoran Inc. is from February 15, 2022, to September 24, 2025, with a lead plaintiff deadline of January 12, 2026 [4] - Allegations include inadequate safety measures at the Grasberg Block Cave mine, which posed risks to workers and led to regulatory and reputational risks, along with misleading positive statements about the company's operations [4] Group 4: Perrigo Company plc (NYSE: PRGO) - The class period for Perrigo Company plc is from February 27, 2023, to November 4, 2025, with a lead plaintiff deadline of January 16, 2026 [6] - Allegations include significant underinvestment in the infant formula business acquired from Nestlé, the need for substantial capital expenditures for remediation, and overstated financial results due to manufacturing deficiencies [6]

Core Insights - Chilean miner Codelco and India's Adani Group have entered into an agreement for a copper project exploration in Chile [1] Company Summary - Codelco, a major player in the mining industry, is collaborating with Adani Group, indicating a strategic move to enhance its exploration capabilities in the copper sector [1] - The partnership may lead to increased investment and development in Chile's copper resources, which are critical for global supply [1] Industry Summary - The agreement highlights the ongoing interest in copper exploration, driven by rising demand for the metal in various industries, including renewable energy and electric vehicles [1] - This collaboration may signify a trend of international partnerships in the mining sector, particularly in resource-rich regions like Chile [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 Legal Actions - 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]. - Investors who purchased Freeport securities between February 15, 2022, and September 24, 2025, are reminded of the January 12, 2026, deadline to seek the role of lead plaintiff in a federal securities class action [2][4]. Group 2: Incident and Stock Price Impact - 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]. - An article published on September 25, 2025, indicated that the halt in production could strain Freeport's relationship with the Indonesian government, resulting in a further stock price decline of $2.33, or 6.2%, to close at $35.34 [7]. Group 3: Expert Opinions and Additional Information - An article published on September 28, 2025, suggested that the landslide incident at Freeport was preventable, indicating that the risks should have been anticipated [8]. - Faruqi & Faruqi encourages anyone with information regarding Freeport's conduct, including whistleblowers and former employees, to contact the firm [9].

Zambia-focused Jubilee Metals has reported a 65% increase in copper production to 938 tonnes (t) for the first quarter of the 2026 financial year (Q1 FY2026) ended 30 September 2025, compared to 568t in Q4 FY2025. Most of this production came from copper concentrate produced by the Roan concentrator, which processed third party-acquired ore for refining at the Sable refinery. High-grade copper ore deliveries from the Molefe mine to Sable began in September, further supporting production growth. The Roan ...

Core Viewpoint - Cyprium Metals Ltd has received final approval to restart the Nifty Copper Project in Western Australia, marking a significant step towards resuming copper cathode production [1][6]. Group 1: Project Restart and Development - The project will proceed into the first phase of development, consistent with a phased strategy to gradually increase production capacity [2]. - The initial restart will involve 30 to 35 staff per shift, creating over 70 permanent and 80 construction jobs [2][7]. - The restart is part of a broader plan that includes open pit development, additional oxide resource exploration, and refurbishment of the concentrator, with a long-term goal of producing 45,000 tonnes of copper per year [3][8]. Group 2: Financial Aspects - Cyprium Metals executed a binding term sheet with Nebari to refinance its existing USD 27.30 million senior secured loan facility, following an AUD 80.00 million equity raise [3][9]. - The new facility will provide added financial flexibility during the construction phase, allowing the company to maintain liquidity [4][10].

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-McMoRan 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] Case Details - The complaint alleges that Freeport-McMoRan did not adequately ensure safety at its mine, which constituted a heightened risk of worker fatalities [2] - It is claimed that the company's statements regarding its business operations and prospects were materially false and misleading due to the undisclosed risks [2] Next Steps - Investors who suffered losses during the specified timeframe have until January 12, 2026, to request to be appointed as lead plaintiff, although participation does not require this [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Firm Background - Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4] - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4]

Core Insights - Peabody has elected Georganne Hodges and Clayton Walker to its Board of Directors, enhancing the board's expertise in energy and mining sectors [1][2][4]. Board Member Profiles - Georganne Hodges brings nearly 40 years of experience in the energy industry, having held significant roles including Executive Vice President at Motiva Enterprises and Chief Financial Officer at Spark Energy, Inc. She is a licensed CPA and holds a Bachelor of Business Administration in Accounting and Finance [2][4]. - Clayton Walker has over 30 years of experience in operations and strategic development in mining, recently serving as Chief Growth and Development Officer at Rio Tinto plc. He holds an MBA and a Bachelor of Science in Metallurgical Engineering from the University of Utah [3][4]. Board Structure - With the addition of Hodges and Walker, Peabody's board now consists of 10 members. Hodges will serve on the Audit Committee and Nominating and Corporate Governance Committee, while Walker will be part of the Health, Safety, Security, and Environment Committee and the Compensation Committee [4]. Company Overview - Peabody is a leading coal producer focused on providing essential products for affordable and reliable energy and steel production, with a commitment to sustainability shaping its future strategy [5].