Ivanhoe Electric's Santa Cruz Copper Mining Project in Arizona has strong economic potential, according to a recent Preliminary Feasibility Study. The project requires $1.43 billion in initial capital and expects low operating costs of $1.47 per pound of copper. It projects an after-tax Net Present Value of $3.5 billion and an Internal Rate of Return of 30%, with production starting in 2029 at about 75,000 metric tonnes annually. Scotiabank set a $16 price target for the stock, implying a 54.29% upside from the current price of $10.37, highlighting a promising investment opportunity.
Ivanhoe Electric's copper project is the subject, with Pluang's Basic Materials sector data providing market context. For readers following Basic Materials, 17 of 38 US stocks rose and 20 fell today. Notable movers include JCI at USD 148.78 (+2.35%), SBSW at USD 10.52 (+2.33%), and LAC at USD 2.77 (-1.94%). This data is as of Sep 25, 2026 22:11 WIB.
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