诉讼案件概述 - 罗森律师事务所提醒在2022年2月15日至2025年9月24日期间购买Freeport-McMoRan公司证券的投资者注意2026年1月12日的首席原告截止日期 [1] - 一项针对Freeport-McMoRan的证券集体诉讼已经提起 [3] 诉讼指控内容 - 指控称被告做出了虚假和/或误导性陈述及/或未能披露以下信息 [5] - Freeport-McMoRan未能充分确保其印度尼西亚Grasberg Block Cave矿场的安全 [5] - 缺乏适当的安全预防措施构成了可预见的导致工人死亡的风险 [5] - 这构成了未披露的监管、诉讼和声誉风险的增加 [5] - 因此被告关于公司业务、运营和前景的陈述在所有相关时间都存在重大虚假和误导性及/或缺乏合理依据 [5] - 当真实情况进入市场时投资者遭受了损失 [5] 律师事务所信息 - 罗森律师事务所是一家专注于证券集体诉讼和股东衍生诉讼的全球投资者权益律师事务所 [4] - 该所曾达成针对一家中国公司的史上最大证券集体诉讼和解 [4] - 该所因2017年证券集体诉讼和解数量被ISS证券集体诉讼服务评为第一名 [4] - 自2013年以来该所每年排名均在前四 [4] - 该所为投资者追回了数亿美元 [4] - 仅在2019年该所就为投资者确保了超过4.38亿美元 [4]

案件概述 - 罗森律师事务所提醒在2022年2月15日至2025年9月24日期间购买Freeport-McMoRan公司证券的投资者注意2026年1月12日的首席原告截止日期[1] - 一项针对Freeport-McMoRan的证券集体诉讼已经提起[3] 诉讼指控内容 - 指控称被告做出了虚假和/或误导性陈述及/或未能披露以下信息[5] - Freeport-McMoRan未能在印度尼西亚的Grasberg Block Cave矿山充分保障安全[5] - 缺乏适当的安全预防措施构成了可预见的导致工人死亡的风险[5] - 这构成了未披露的监管、诉讼和声誉风险加剧[5] - 因此被告关于公司业务、运营和前景的陈述在所有相关时间均存在重大虚假和误导性及/或缺乏合理依据[5] - 当真实情况进入市场时投资者遭受了损失[5] 律师事务所信息 - 罗森律师事务所是一家全球投资者权益律师事务所专注于证券集体诉讼和股东衍生诉讼[4] - 该所曾达成针对中国公司的史上最大证券集体诉讼和解[4] - 根据ISS Securities Class Action Services数据该所2017年在证券集体诉讼和解数量上排名第一[4] - 自2013年以来每年排名前四并为投资者追回数亿美元[4] - 仅在2019年就为投资者确保了超过4.38亿美元[4]

行业与公司 * 行业：全球铜业 [2] * 涉及公司：Antofagasta (ANTO.L) [2][7][50]、First Quantum Minerals Ltd (FM.TO) [2][7][50]、KGHM (KGH.WA) [2][7][50]、Rio Tinto plc (RIO.L) [2][7][50]、Freeport-McMoRan (FCX) [2][7][50]、Zijin (紫金矿业，601899.SS/2899.HK) [2][7][50]、Grupo Mexico (GMEXICOB.MX) [2][7][50]、Capstone Copper (CSC.AX) [2][7][50] [2][7][50] 核心观点与论据 * **核心观点：尽管铜价创历史新高，但替代效应不足以扭转长期供应短缺，维持对铜和纯铜矿商的看涨观点** [2] * 铜价在2025年12月达到约每吨11,900美元（约每磅5.40美元）的历史新高 [2] * 分析认为，即使替代加速，也无法填补摩根大通商品研究预测的2030年约200万吨的供应缺口 [2][6][24] * **替代效应分析：是长期风险，但影响有限** * 过去20年，替代导致的铜需求损失平均约占全球需求的每年2% [6] * 替代在2000年代中期中国大宗商品超级周期开始时加速，从低于10万吨（<1%需求）增至超过50万吨（约3%） [9] * 2011-2020年间，随着铜价趋稳，替代放缓至约每年30万吨（1.5%需求） [9] * 自2021年以来，替代再次加速至每年超过40万吨（约2%需求） [6][9] * 历史经验表明，替代对铜价或铜铝价格比的急剧上涨反应滞后 [6][24] * **铜铝价格比分析：并非简单的替代触发指标** * 自2010年以来，铜铝价格比平均在3.0-3.5之间 [13] * 但铝的导电率仅为铜的约60%，且密度约为铜的1/3 [13] * 经导电率和密度调整后，价格比扩大至约8倍，从价格角度看，铜转铝替代似乎总是经济的 [13] * 然而，监管、技术可行性和消费者接受度等也是关键考虑因素 [13] * **供应缺口压力测试：新技术与回收难以填补缺口** * **电动汽车铜需求**：预计总需求将从2023年的约140万吨翻倍至2030年的约300万吨，受纯电动车渗透率提升、车辆尺寸增大和磷酸铁锂电池普及支撑，抵消了铜阳极箔变薄和单车用铜强度下降的影响 [31] * **新浸出技术**：到2030年，可能增加的总产能约为每年59万吨（占全球供应的约2%） [42][46] * 资本强度差异大，平均约每吨9,000美元，仍低于典型绿地项目超过每吨30,000美元的资本强度 [42] * 在时间表、技术成熟度和广泛应用范围方面仍存在重大不确定性 [6][42] * **回收与废料供应**：摩根大通商品研究预测到2030年废料供应年增长率为5-6%，但预计此次价格驱动的废料供应反应将更为温和，因供应中断后已有大量废料进入市场 [6][31] * 中国关于废料供应的税收政策不确定性是一个潜在阻力 [6][31] * **严重情景模拟**：即使替代加速至全球铜需求的约6%，到2030年也仅会额外造成约130万吨的年需求破坏，仍低于基础情景的约200万吨缺口 [6][24][28] 其他重要内容 * **铜盗窃现象**：自2005年铜价上涨以来，铜盗窃事件增加，对公用事业和铁路等造成业务和运营中断风险 [20] * 历史搜索趋势显示，“铜”和“盗窃”的搜索量与铜价相关，且与历史替代存在一定相关性 [20] * 2025年8月，“铜”和“盗窃”的搜索量激增并保持高位 [20] * **具体公司观点** * **Antofagasta (ANTO.L)**：欧洲、中东和非洲地区矿业首选，预计到2028/29年铜产量增长超过30%，资本回报率将提升至30%以上 [7] * **First Quantum (FM.TO)**：市场仅对其Cobre Panama项目约130亿美元净现值的约50%进行了定价 [7] * **Rio Tinto (RIO.L)**：在多元化矿商中唯一给予增持评级，股价较分类加总估值有约30%的折让，具有巨大的价值释放潜力 [7] * **报告性质与免责声明**：本材料为摩根大通研究报告，包含利益冲突披露、评级说明及针对不同地区的监管声明 [1][3][4][5][51][52][53][54]

SAN DIEGO, Dec. 19, 2025 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Freeport-McMoRan Inc. (NYSE: FCX) publicly traded securities between February 15, 2022 and September 24, 2025, both dates inclusive (the "Class Period"), have until Monday, January 12, 2026 to seek appointment as lead plaintiff of the Freeport-McMoRan class action lawsuit. Captioned Reed v. Freeport-McMoRan Inc., No. 25-cv-04243 (D. Ariz.), the Freeport-McMoRan class action lawsuit charges Fre ...

Eric Lee/Getty Images The One Big Beautiful Bill Act will boost cyclical sectors of the market next year, SocGen says. Manish Kabra highlights 30 stocks set to benefit from new tax and regulatory policies. Key beneficiary sectors include defense, small-caps, consumer, and energy. It might seem like ages ago that One Big Beautiful Bill Act was signed into law by President Donald Trump on July 4, but most of the bill will kick into effect starting in January, and there are considerable implications f ...

Financial giants have made a conspicuous bullish move on Freeport-McMoRan. Our analysis of options history for Freeport-McMoRan (NYSE:FCX) revealed 38 unusual trades.Delving into the details, we found 65% of traders were bullish, while 15% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $126,403, and 35 were calls, valued at $2,771,600.Expected Price MovementsAfter evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusi ...

BENSALEM, Pa., Dec. 19, 2025 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion. Investors suffering losses on their investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in these class actions at (215) 638-4847 or by email to howardsmith@howardsmithla ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Freeport-McMoran To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Freeport between February 15, 2022 and September 24, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, Dec. 19, 2025 (GLOBE NEWSW ...

NEW YORK, Dec. 19, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Freeport-McMoRan Inc. ("Freeport-McMoRan Inc." or the "Company") (NYSE: FCX) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Freeport-McMoRan Inc. investors who were adversely affected by alleged securities fraud between February 15, 2022 and September 24, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/psl ...

As of Dec. 19, 2025, two stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Ben ...