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Ivanhoe Mines Ltd T.IVN

Alternate Symbol(s):  IVPAF

Metals & Mining Copper
Ivanhoe Mines Ltd. is a Canada-based mining, development, and exploration company. The Company is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include The Kamoa-Kakula Copper Complex, The Kipushi Project, The Platreef Project., and The Western Foreland Exploration Project. The Kamoa-Kakula Copper Complex project stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometers (km) west of the town of Kolwezi and about 270 km west of the provincial capital of Lubumbashi. The Kipushi mine is adjacent to the town of Kipushi in the Democratic Republic of the Congo (DRC) approximately 30 km southwest of the provincial capital of Lubumbashi. The 21 licenses in the Western Foreland cover a combined area of 1,808 square kilometers to the north, south and west of the Kamoa-Kakula Copper Complex.


TSX:IVN - Post by User

Ivanhoe Mines Ltd
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Post by Dragonflyinveston Sep 03, 2024 9:56am
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Post# 36206004

“Goldman Sachs ended its longstanding recommendation to buy

“Goldman Sachs ended its longstanding recommendation to buy copper and slashed its price forecast for the metal.
 
Goldman now expects copper to hit an average price of $10,100 per ton by year-end, below its previous expectation of $15,000. Due to the higher copper inventories in China and its weak property sector, the price rally will likely be delayed, the bank said in a note on Monday.
 
Copper surged to record levels in May on the back of higher demand, including from utilities that are upgrading their grids, electric vehicles, and usage in data centers that help run the artificial intelligence apps. Supply on the other end was tight. Earlier this year, Goldman described copper as the “tightest” among many commodities.
 
But copper prices have since come down some 19% as production remained elevated while demand from China, the world’s biggest consumer of copper, weakened.”

Freeport-McMoRan Stock Falls as Goldman Cuts Copper Forecast - MarketWatch

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