Freeport-McMoran, Inc. (NYSE: FCX)

This lawsuit is for anyone who acquired securities in Freeport-McMoran, Inc. (NYSE: FCX) from February 15, 2022 through September 24, 2025.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that the Company’s Grasberg Block Cave operation in Indonesia was safe when the Company knew that the mine was not safe.

On September 9, 2025, Freeport disclosed it was suspending mining activities at its Grasberg Block Cave operation in Indonesia, after “a large flow of wet material” trapped seven workers. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on September 24, 2025, Freeport provided an update on the incident, disclosing that two of the trapped team members “were regrettably fatally injured[.]” Meanwhile, “extensive efforts” remained “ongoing in the search for [the five] team members who [remained] missing.” On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume. Finally, on September 25, 2025, before market hours, Bloomberg published an article stating that the “halt in production at the giant Grasberg copper mine in Indonesia looks set to strain the fractious relationship between [Freeport] and its host nation, at a time when the Jakarta government was already looking to take greater control.” The article specified that “[the] state controls 51% of the local entity – after a lengthy battle over ownership – but officials have sporadically continued to demand an increased share. That clamor may now intensify.” On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Freeport-McMoran, Inc. (NYSE: FCX) from February 15, 2022 through September 24, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.