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JP Morgan Maintains Overweight on Ivanhoe Electric, Lowers Price Target to $20
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Ivanhoe Electric Receives Preliminary Project Letter From U.S. EXIM Bank For $1.1B in Potential Debt Financing For The Santa Cruz Copper Project, Up From Prior Sum Of $825M
Read original at benzingaShares of copper-related companies are trading higher amid multiple catalysts providing tailwinds for the metal. A weaker dollar, declining London Metal Exchange inventories, and demand confidence stemming from AI-related data center and infrastructure needs are converging to support the red metal's price.
Read original at benzingaShares of copper-related companies are trading higher as declining Treasury yields signal economic growth and could support industrial demand. Also, supply bottlenecks related to mining disruptions in Chile contribute to the metal's strength.
Read original at benzinga