Silvercorp Metals Inc. (NYSE-A/TSX: SVM) Targets Copper Market Entry with El Domo Project in Ecuador
Copper prices jumped 17% last week after U.S. President Donald Trump announced potential 50% tariffs on the industrial metal. Global copper market is forecast to reach $253.82 billion by 2029, driven by the rapid rise of EVs, renewable energy, and infrastructure investment. Supply risks in key producing regions like Chile and Peru support new project development in other jurisdictions. Silvercorp’s El Domo copper-gold project in Ecuador is slated for production by late 2026. Backed by strong cash flow from its existing silver operations in China, Silvercorp is growing and diversifying its portfolio at a critical time for the copper market.…