The Globe and Mail reports in its Saturday, May 20, edition that Stifel analyst Alex Terentiew thinks "the world needs more copper to meet its demand growth aspirations." The Globe's David Leeder writes that Mr. Terentiew says, "Despite indications globally of slowing industrial activity and declining investor sentiment, copper prices have held ground, down 1 per cent year-to-date, solidly outperforming most other industrial commodities." Mr. Terentiew resumed coverage on First Quantum Minerals with a "buy" recommendation and $40 share target. Analysts on average target the shares at $34.72. Mr. Terentiew says in a note: "In addition to having a portfolio of world class assets that have recently seen their political risk improve, First Quantum hosts an industry-leading team that we believe has valuable experience building more large-scale base metal mines from the ground up than any other miner. Understanding the high level of project development expertise required, while simultaneously mitigating risks involved in successfully delivering projects from concept to commissioning, is a valuable skill we believe First Quantum brings to shareholders that are looking for growth and increased exposure to copper."