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Bernstein Maintains Outperform on Rio Tinto, Raises Price Target to $89.5
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Morgan Stanley Initiates Coverage On Rio Tinto with Underweight Rating, Announces Price Target of $90
Shares 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.