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Ivanhoe Mines Ltd T.IVN

Alternate Symbol(s):  IVPAF

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

Comment by Dragonflyinveston Sep 24, 2024 10:50am
75 Views
Post# 36238261

RE:RE:RE:But But China LOL

RE:RE:RE:But But China LOL

Fact in lieu of opinion.

"Analysts at Goldman Sachs downgraded their forecast for China's GDP growth from 4.9% to 4.7% — notably lower than the country's target of "around 5%" for the year.

The strategists pointed to weak economic data from last month, with further contracting retail sales and potential labor market pressures. These data points show China's economic policies have been ill-timed, the strategists say.
 

"Although macro policies have started to ease, they are too slow and reluctant. As a result, the Chinese economy faces more challenges today than even just a few months ago as confidence continues to erode," the analysts said in a Sunday note.

China's slow and incremental monetary, fiscal, and housing policies from the past year have created cycles that promise further weakening ahead, the analysts said.

They pointed in particular to China's efficiency pushes in manufacturing, which are driving strong exports but likely hurting the labor market as the number of jobs created by GDP output trends down.

"For both structural and cyclical policies, the speed of implementation matters as much as the direction of these policies. Pushing high-tech manufacturing and automation too quickly without strengthening unemployment support may lead to labor market pressures," the analysts explained."

China can't boost its economy because its macro policy is 'too slow and reluctant,' Goldman Sachs says (msn.com)

 

 

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