Among other geopolitical developments, the drop is attributable to investors getting calmer over the news that China's economic policy will see few changes in the near future.
Ivanhoe Electric owns or holds stakes in nine electric metals developments across the US, including the Santa Cruz copper project in Arizona and its Tintic project in Utah.
One of the world’s top copper mines is running out of storage space, raising the risk of slowing or halting production in another threat to global supply of the metal.