The Globe and Mail reports in its Friday, April 5, edition that National Bank Financial analysts Shane Nagle and Rabi Nizami think a "sentiment driven" rally has pushed copper prices higher. The Globe's David Leeder writes that Mr. Nagle and Mr. Nizami say in a note: "Despite elevated copper inventories and pending supply growth through H2/24 -- 2025, improving manufacturing numbers out of China, pending rate cuts and view of more long-term electrification demand resulting from AI have driven a significant increase in speculative interest in copper markets over recent weeks. As a result, we have increased our near-term copper price outlook." Accordingly, Mr. Nagle and Mr. Nizami have reaffirmed their "outperform" recommendation for Capstone Copper. Their share target climbed to $10.50 from $8.75. Analysts on average target the shares at $8.77. Mr. Nagle adds, "Management is solely focused on delivering the Mantoverde and Mantos Blancos expansion projects in 2024 and in doing so, we believe Capstone will be the name investors will pivot to under an improved backdrop for copper prices given several transformational growth projects in the pipeline and a team in place to deliver its stated growth objectives."