Ivanhoe Mines Rallies Almost 11% on Chinese Easing Speculation

Ivanhone Mines IVN moved up nearly 11% today after China's Wen Jiabo made statements that could indicate that the country's leadership will move to bolster China's economy. After peaking near $30 in early 2011, Ivanhoe has steadily sold off and was trading with an $8 handle late last week. The company is a mining company focused on gold and copper operations in Mongolia and it has many ties to industry giant Rio Tinto RIO. Ivanhoe mines should continue to do well if China's economy rebounds or commodity prices (particularly gold and copper) rally higher. However, shares may trade lower still if the notion of a Chinese hard-landing comes back into play, or an event out of Europe triggers further deflationary fears.