The AOCE and WB have moderate overall forecasts for the metals in 2025 inline with IMF forecasts for a decline in economic growth and inflation, although we see the probability of a stagflationary scenario as still reasonably high.Read More
The past year was a difficult one overall for the metals, with the main standouts to the upside being a geopolitical risk-driven gain in gold, a China-driven rise in iron ore and a surge in uranium on broadening global support for nuclear power (Figure 1). A jump in global interest rates to near two-decade highs saw recession fears persist all year, and while one still did not actually eru...Read More
This year the post-global health crisis boom was brought to an end by a surge in inflation to forty-year highs, a major rise in global interest rates in an attempt to curb the rising prices and surging geopolitical risk after Russia's invasion of Ukraine. While precious metals held up reasonably well as markets turned to them as a risk hedge, by Q2/22 the higher interest rates put an end t...Read More
Chile is the world leader in copper production, at 28.5% of the total in 2020, and this looks set to continue, with the country having the largest global reserves, at 23.0% of total. It is also the global leader for molybdenum, which is often found along with copper, and is a major lithium player, holding 51.1% of global reserves. Read More
Newfoundland has become a gold exploration hotspot over the past few years, with the sector seeing some of its strongest activity ever. While the province remains a small contributor to Canadian gold production, it has a substantial mineral industry well supported by the government, focused on iron ore, copper and nickel, and the surge in exploration suggests that gold output from the...Read More
Nevada is the core of the U.S. gold output, accounting for by far the majority, at 75.4% on average for the past year. The state looks set to remain a dominant player in U.S. gold, as it accounts for 49% of total U.S. reserves, with Alaska slightly ahead with 51% of reserves, but just 8.6% of current production. The U.S. accounts for 6.1% of global gold output, making Nevada one of the largest gol...Read More
The Golden Triangle in northwestern British Columbia has historically been a major site of Canadian gold production, beginning as early as the mid 1800s. There was a wave of production in the 1990s which cooled as the gold price declined, but larger scale production resumed in 2017, and the area has seen surging exploration interest over the past year, given that the region has some of the largest...Read More
In this report we outline the Quebec gold mining industry, including its major producers, and a survey of many of the junior miners focused on the province. Quebec accounts for 34% of Canadian gold production (second to Ontario, with 44%) and remains a major focus for both producers and junior miners.Read More
Red Lake has been one of the most prolific gold mining districts in Canada and the world, with exploration having started in the 1920s, and production, which began in the 1930s, continuing to the present day. The district is known for the high grade of its gold, its infrastructure, and strong institutional support, given the long history of mining in the area.Read More
Output at Chile's state-owned producer Codelco dropped sharply in 2019, giving BHP the edge as the globe's number one producer of the metal.Read full newsRead More
In January ITM Power set up what it claims is the world's largest carbon-free renewable hydrogen production plant in the English county of Yorkshire. The Sheffield-based energy storage firm is already supplying hydrogen, produced with solar and wind power, to the UK's largest natural gas distributor, Cadent, and regional supplier, Northern Gas Networks, in a ...Read full newsRead More
AMD hit a record high earlier todayThe shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) are up 3.2% to trade at $53.96 today, and earlier hit a new record high of $54.48. As if that's not enough, data from Schaeffer's Senior Quantitative Analyst Rocky White suggests AMD is flashing a buy signal that indicates the chip stock's recent hot streak has legs.In fact, AMD stock's recent high comes ami...Read More
All three indexes are brushing off coronavirus concerns Stocks have been mostly higher today, with the Nasdaq Composite Index (IXIC) and S&P 500 Index (SPX) both notching even more record highs, while the Dow Jones Industrial Average (DJI) hasn't been far behind. Trade bellwethers Caterpillar (CAT) and United Technologies (UTX) helped prop up the blue-chip index for much of the morning, but at...Read More
Tailwind-inducing upgrades may be aheadSoftware specialist Citrix Systems, Inc. (NASDAQ:CTXS) has been a major outperformer on the charts. Support from the 20-day moving average alongside a late-January post-earnings bull gap has the equity up 15% year-over-year. With CTXS also at its round 10% year-to-date mark, it looks like the ideal time for bulls to bet big. Digging deeper, it looks like shor...Read More
The $26 billion deal was approved by a federal judgeThe unmissable news making headlines this morning is the Sprint Corp (NYSE:S) and T-Mobile Us Inc (NASDAQ:TMUS) merger, which was earlier approved by U.S. Judge Victor Marrero. The $26 billion deal has already received criticism fromstates cautioning violation of antitrust laws regarding wireless carrier pricing. Traders have been quick to igno...Read More
The BBC's Frank Gardner is shown how ?194bn worth of gold bars are stored.Read full newsRead More
Put traders are having a field day todayOne of the worst stocks on the New York Stock Exchange (NYSE) this morning is Under Armour (NYSE:UAA), down 16.8% to trade at $17.02. The athleisure name reported adjusted fourth quarter earnings of 10 cents per share on $1.44 billion in revenue, the former of which on par with expectations and the latter lower than estimates. But more surprisingly, Under A...Read More
The firm posted better-than-expected fourth quarter earnings, but revenue that missed the mark The shares of toymaker Hasbro, Inc. (NASDAQ:HAS) are traveling higher after a mixed fourth-quarter earnings report, where the company posted profits of $1.24 per share, which beat analysts' estimates, but $1.43 billion in revenue which fell below the projected $1.44 billion. The firm attributed its holid...Read More
The S&P is pacing for another high After hitting fresh highs on Monday, stocks are eyeing more upside this morning, as futures trade above fair value. The Dow Jones Industrial Average (DJI) is poised for an almost triple-digit gain at the open, continuing to push back against coronavirus headwinds. Traders will also be digesting Fed Chair Jerome Powell's testimony on Capitol Hill today, along with...Read More
Vancouver, BC - A2Z Technologies Canada Corp. ("A2Z" or the "Company") (TSXV: AZ) announced today that the Israeli Ministry of Defense ("Israeli MOD") has awarded the Company a three-year contract for CAD $1.5 million that will be paid over the life of the contract. has awarded the Company a three-year contract for CAD $1.5 million that will be paid over the life of the contract.Under the terms of...Read More
The fundraising is pricing new shares at A14c each and involves AIM-listed investment group Metal Tiger putting in $3.33 million for a 14.9% interest in Southern Gold.Read More
Strong iron ore prices are the primary reason for BHP's rise during some of the most difficult commodity markets in decades with the US waging a trade war with China, capped off by an outbreak of aRead More
A total of 106.3 million tonnes of coal was railed in Queensland and New South Wales in the first half of 2019-20 compared with 106.5Mt in the first half of 2018-19.Read More
There was a lot of discussion on climate change and ESG, with virtually every corporate presentation and panel touching on it.Read More
(IDEX Online) - CIBJO, the World Jewellery Confederation, will hold its 2020 annual congress in Dubai, United Arab Emirates (UAE), from October 5 to October 7. The 2020 congress will be hosted by DMCC (Dubai Multi-Commodities Centre) with pre-congress meetings taking place on October 3-4.The congress serves as the official gathering place for the World Jewellery Confederation's Assembly of De...Read More
(Press Release) - IDEX and Yehuda Diamond Company are pleased to announce that IDEX is now using the Sherlock Holmes Detector to check single and melee stones as part of its authentication process in Antwerp. The two companies are also making the detector available for any supplier who wants to check their diamonds at the IDEX Office. The Sherlock Holmes Detector is a manually oper...Read More
(IDEX Online) - Over 300 international buyers from 18 countries arrived in Ramat Gan for the International Diamond Week in Israel, which opened yesterday. Of these buyers, 110 were in Israel for the first time. "This year, a record number of buyers and delegations from around the world have arrived here," said IDE president Yoram Dvash at the opening ceremony. He also noted that the total num...Read More
(IDEX Online) - The Alrosa Group has announced that it sold $405 million worth of rough and polished diamonds in January. That's an increase of 44 percent year-over-year. The company said rough diamond sales to third parties amounted to $390.2 million, with polished diamond sales reaching $14.8 million."January saw steady demand for rough diamonds as cutters continued restocking on the b...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesCase study: platform financeSPONSOREDminexiaThe copper producer will withdraw from White Rock Minerals' Red Mountain zinc project in Alaska, after having spent A$8.5 million on explorat...Read More