Ivanhoe Electric is in talks to sell U.S. copper products.

Ivanhoe Electric Inc. is in talks with potential buyers of copper from its U.S. Arizona project, as the rapid expansion of data centers and power grids is driving up demand for the metal. CEO Taylor Melvin said the copper from the Santa Cruz mining project has attracted interest from traditional traders as well as potential strategic partners looking to secure supply for U.S. industry, but he declined to disclose the specific parties involved in the talks. The company's shares rose as much as 3% intraday on Monday.