The Globe and Mail reports in its Tuesday, June 17, edition that Bank of Nova Scotia has lifted the share targets on several Canadian miners, including Ero Copper, believing that they will benefit from a copper market that is getting tighter. The Globe's Darcy Keith writes in the Eye On Equities column that Scotiabank gave Ero Copper a $2 boost to $26. Scotiabank analyst Orest Wowkodaw says in a note: "While we remain cautious on the near-term outlook for copper (Cu) demand given the uncertain macroeconomic backdrop, recent trade war de-escalation efforts by the U.S.-China offer hope that cooler heads can prevail and that a painful global economic slowdown can still be avoided. Despite these risks and rising Middle East tensions, we recommend Cu exposure given low inventories and the impact of elevated supply side under-performance (highlighted most recently by Kamoa-Kakula), as we forecast a market in a multiyear modest deficit position under a relatively unassuming demand scenario, before transitioning to a large structural deficit by 2029-2030 driven by a lack of supply growth. We estimate that global consumption growth of only 1 per cent is now sufficient to keep the market in balance this year."