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Pomerantz LLP has filed a class action lawsuit against Freeport-McMoran Inc. for alleged securities fraud. The lawsuit follows Freeport's suspension of mining activities at Grasberg Block Cave in Indonesia after a safety incident, which led to a significant drop in stock price. Investors have until January 12, 2026, to join the lawsuit as Lead Plaintiff.
Top executives at Freeport-McMoRan sold significant shares on December 12, 2025. EVP & CAO Stephen T. Higgins sold 28,423 shares for $1,363,735, and CAO Ellie L. Mikes sold 9,572 shares for $456,201. Despite strong financial health and positive technical momentum, valuation concerns and operational risks remain. FCX is rated Neutral by TipRanks' AI Analyst, Spark.
Rio Tinto's Tomago aluminium smelter, with a 52% stake, may close due to energy supply issues. The Australian government plans a $670 million rescue to secure jobs and operations.123Shares of Rio Tinto fell approximately 3% as copper prices declined by 3.5% to $11,415 a metric ton, amid concerns over a potential AI bubble burst that triggered a sell-off in riskier assets.4Rio Tinto is working to secure its qualification for Colombia's upcoming exploration round, which will provide 14 areas for copper, gold, and polymetallic production and exploration.5
Stephen T. Higgins, EVP & CAO of Freeport-McMoRan Inc., reported the sale of common shares of the company. The full filing is available via EDGAR, the SEC's system.
European equities fell on Friday, with declines in major indices. German and French inflation decreased, while UK GDP contracted. HSBC ended a historic management program amid cost-cutting. Rio Tinto's smelter in Australia will receive government support. UBS shares rose on new capital rules proposal. Novartis began construction on a US manufacturing hub.
