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

CIEN stock has been moving higher in recent monthsNetworking specialist Ciena Corporation (NYSE:CIEN) seems to be setting up nicely for bulls. The shares just spiked to the upside from a recent consolidation pattern stemming from a December earnings breakout, hinting the stock is prepared for another move higher. With the previously resistant 30-day moving average still playing catch-up, the upsid...Read More

Stocks are continuing their recovery from yesterday's massive sell-off The Dow Jones Industrial Average (DJI) has extended its rebound at the halfway mark, adding over 200 points, as investors attempt to recover from yesterday's steep sell-off. The blue-chip index is getting a boost from Apple, which is surging midday despite news that the coronavirus could slow iPhone production. The S&P 500 Ind...Read More

XRT is currently trading above all major moving averagesOver the last few weeks in this space, we have taken a hard look at retail giant Walmart (WMT) and the chart levels traders should be watching. This week we're not venturing too far from this, taking a closer look at the retail sector as a whole, since we're not only coming off the holiday season, but some surprising trends in the space have...Read More

GE's 50-day moving average has emerged as support in 2020Lost in the panic over the spreading coronavirus, there's a full slate of earnings for investors to unpack this week. One notable name on deck is former blue chip General Electric Company (NYSE:GE), which is set to report fourth-quarter earnings before the open tomorrow, Jan. 29. Ahead of the event, we broke down recent options activity sur...Read More

Both stocks have been strong in recent monthsTwo names enjoying bullish attention this morning are video game stocks Activision Blizzard, Inc. (NASDAQ:ATVI) and Electronic Arts Inc (NASDAQ:EA). Both saw their price targets raised at Piper Sandler, helping lift ATVI and EA shares this morning.Call of Duty maker ATVI's price target was increased to $69 from $62, pricing in more than 17% upside from...Read More

Eight straight down days drops copper 10.2% to more than 3-month low as China struggles to contain coronavirus outbreak.Read full newsRead More

DLPH is on track for its best day everAt the top of the New York Stock Exchange this morning is Delphi Technologies PLC (NYSE:DLPH), up a whopping 63.3% to trade at $16, on track for its best day ever by a wide margin. This comes after the U.K.-based auto parts manufacturer was bought out by rival U.S. auto parts maker BorgWarner (BWA) in an all-stock deal valued at $3.3 billion in enterprise valu...Read More

Muilenburg resigned from Caterpillar's board after he was fired from BoeingDow component Caterpillar Inc. (NYSE:CAT) is getting a boost just ahead of the company's fourth-quarter earnings report, due out before the open this Friday, Jan. 31. CAT stock is up 0.2% to trade at $136.05, following news former Boeing (BA) CEO Dennis Muilenburg will step down from Caterpillar's board, effective immediate...Read More

There are a number of earnings and economic updates to monitor todayU.S. stocks look ready to recover some losses from Monday's session, in which they suffered their worst pullback in months. Futures on the Dow Jones Industrial Average (DJI) are trading 100 points above fair value, as the attention shifts back to earnings, with results from blue chips 3M (MMM), Pfizer (PFE), and United Technologie...Read More

WSM has been on a tear, adding 38% over the past 12 monthsHome retailer Williams-Sonoma, Inc. (NYSE:WSM) is enjoying a 1.3% lift this morning, last seen trading at $74.31 following an early-morning upgrade out of Oppenheimer. The analyst raised its rating to "outperform" from "perform," and established a price target of $90. This new outlook comes in 23% above WSM's Monday night close at $73.45....Read More

The risk-off sentiment continued, with the death toll from the virus reportedly rising to 80 people, cases confirmed in further countries including Australia and concerns about the ramifications for economic growth.The gold price rose to about US$1,585 an ounce on the spot market earlier but was last worth about $1,580/oz.Gold major Newmont's (NYSE: NEM) shares hit a one-year high intraday of $45....Read More

Broda points to the fact China consumed about 35% of the world's iron ore and 20% of its copper in 2003, but in 2019 those percentages had swelled to about 70% and 50% respectively."In our view, even a less virulent disease could create more impact than comparisons to 2003 and this appears to be what the copper and iron ore markets are telling us, down 7% and 10% respectively over the past 5 days,...Read More

Share this articleTORONTO - Investors have endorsed the all-stock sale of Detour Gold Corp. to Canadian rival Kirkland Lake Gold Ltd. in a deal worth $4.34 billion based on the buyer's closing stock price on Monday.In separate votes held Tuesday, Detour shareholders voted 86 per cent in favour of the proposal, while nearly 99 per cent of the shares voted by of Kirkland Lake shareholders also ba...Read More

(IDEX Online) - The World Diamond Council (WDC) has announced the appointment of Elodie Daguzan as its new executive director, effective February 1. She takes over from Marie-Chantal Kaninda, who stepped down last year for a new opportunity in the Democratic Republic of Congo. Daguzan has worked in the diamond industry for the past 19 years. For the past eight years she has been head of commu...Read More

The Minerals Council South Africa has established the Associations Leadership Forum to serve the needs of the council’s association members.These members include the Aggregate and Sand Producers Association of Southern Africa, the Clay Brick Association and the South African Diamonds Producers Organisation (Sadpo), which all represent a number of small miners.AdvertisementThe forum is expect...Read More

Christie's is holding an online sale featuring a selection of love-inspired jewelry. The sale, which runs from February 5-13, has over $300 lots. Among the lots are Graff diamond heart earrings ($10,000-15,000); Cartier, diamond "Love" bangle bracelet ($15,000-20,000); JAR aluminum rose petal earrings ($1,500-2,000) and a Verdura "Lace" gold necklace ($5,000-7,000), among other festive h...Read More

(IDEX Online) - Karelian Diamond Resources plc, a mining company operating in Finland, has been granted permission to carry out exploration in Lahtojoki South. The area is close to the Lahtojoki Diamond Deposit where kimberlite boulders - believed to derive from an undiscovered kimberlite - have been discovered. The exploration permit includes the area in which kimberlite boulders were discov...Read More

While the price of uranium suffered a steep decline after the 2011 Fukushima Daiichi nuclear accident, growing pressures to decarbonize power generation provide support for the commodity, which is currently priced at cyclical lows. Below, we provide an overview of eight companies active in uranium exploration and development. Appia EnergyAppia Energy (CNSX: API; US-OTC: APAAF) is involved with ra...Read More

In December, Time named Swedish climate activist Greta Thunberg its person of the year - the youngest person ever awarded the accolade in the magazine's nearly 100-year history. The 17-year-old from Stockholm embodies "the power of youth" Time said, and has inspired millions to stand up and demand action against climate change.Shortly after Time put her on the cover, U.S. President Donald Trump tw...Read More

This episode features the induction of Alex G. Balogh to the Canadian Mining Hall of Fame. The ceremony took place at the Metro Convention Centre in Toronto on Jan. 9. During a career spanning 50 years, Balogh earned his place in a select group of industry leaders who shaped and built Noranda and Falconbridge into the most successful mining and metallurgical giants in Canadian history. He has the...Read More