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Investing.com73d agoneutral

Morgan Stanley upgrades Ivanhoe Mines, cuts Alcoa and Vale on metals outlook

Investing.com -- Morgan Stanley upgraded Ivanhoe Mines to "Overweight" while downgrading Alcoa and Vale to "Equal-weight", saying a changing supply outlook favors copper and precious metals over aluminum and iron ore. The brokerage expects copper, gold and silver prices to outperform, while forecasting aluminum will move into surplus and iron ore markets will remain under pressure.

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