24/7 Market News Snapshot 21 March, 2025 – Ivanhoe Electric Inc. (NYSE:IE)

March 21, 2025

DENVER, Colo., 21 March, 2025 (247marketnews.com) – (NYSE:IE) are discussed in this article.
Ivanhoe Electric Inc. (IE) is currently witnessing a notable rise in its stock value, with shares trading at approximately $6.995, reflecting an impressive increase of around 10.51% since opening at $6.29. The stock’s performance follows a previous close of $6.33, highlighting a positive shift in investor sentiment. With a trading volume reaching 1.83 million shares, surpassing typical averages, this uptick indicates heightened interest and potential accumulation among investors. Analysts suggest monitoring technical indicators, such as moving averages, which may signal a breakout and pave the way for further profit potential if this momentum continues. It is recommended that investors pay attention to support levels for strategic entry points and diligent risk management.

In related news, Ivanhoe Electric enthusiastically supports an Executive Order signed by U.S. President Donald J. Trump on March 20, 2025. This significant directive is focused on enhancing domestic production of critical metals, specifically copper, thereby reinforcing national security through increased mineral output. By invoking the Defense Production Act, the Order aims to streamline the permitting processes for mineral projects, ensuring expedited approval for priority initiatives and improving funding access for domestic operations.

Taylor Melvin, President and CEO of Ivanhoe Electric, expressed his enthusiasm, stating that this initiative underscores the pressing need to boost domestic minerals production to enhance supply chain security. The company is actively progressing with its Santa Cruz Copper Project, with a Preliminary Feasibility Study anticipated by June 2025, projected to yield around 80,000 tonnes of copper annually, including 57,000 tonnes of pure copper cathodes. Ivanhoe Electric is committed to securing the requisite permits to initiate construction as soon as the first half of 2026, reinforcing its focus on sustainable mineral production and economic advancement in the U.S.

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