The Globe and Mail reports in its Thursday, April 16, edition that National Bank analysts Shane Nagle and Rabi Nizami caution that copper price volatility is expected to continue. The Globe's David Leeder writes in the Eye On Equities column that Mr. Nagle and Mr. Nizami say in a note: "With no clear resolution in sight for ongoing conflict in the Middle East, we continue to see potential for a negative impact on copper demand in the region as well as slower global growth stemming from persistent inflation. The unclear outlook builds on already challenged manufacturing growth and declining Chinese property sector. Copper prices have reacted favorably in recent days to fears of sulfuric acid shortages in Africa, SX/EW production in the region represents 5 per cent of global copper supply and while not all production is expected to be impacted by acid availability, we could see a supply impact of a few hundred thousand tonnes for the year. We continue to see an improving supply outlook with ramp-up and sanctioning of several projects in H2/26." The analysts continue to rate Ivanhoe Electric "outperform." They gave their share target a $3 trim to $30. Analysts on average target the shares at $28.92.