Mexico And El Salvador Ponder Different Mining Stances
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2024
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Source: Benzinga
Mexico's Mining Bill Review: President Claudia Sheinbaum has announced a review of a controversial bill banning open-pit mining, which is crucial for the economy and employs over 370,000 workers. The mining sector contributes significantly to Mexico's GDP and exports, raising concerns about job losses and economic impact if the ban is enforced.
Contrasting Approaches in El Salvador: In contrast, El Salvador's President Nayib Bukele is advocating for lifting a total mining ban to exploit untapped mineral reserves, claiming it could greatly boost the economy despite potential environmental risks associated with water pollution.
Analyst Views on BATT
Wall Street analysts forecast BATT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BATT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 15.450
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
