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
One trader sold to open a major position on HumanaHumana Inc (NYSE:HUM) shares have been skyrocketing since skimming the $250 level early last month, last seen at $316.70 -- a roughly 27% rise. One options trader is looking to make a quick buck by betting on HUM stock holding these gains through the end of this week, since data from today's trading seems to suggest one speculator sold to open 3,81...Read More
Porter Stansberry is making a concerning prediction.No one believed Porter Stansberry years ago when he said the world's largest mortgage bankers (Fannie Mae and Freddie Mac) would soon go bankrupt.And no one believed him when he said GM would fall apart... or that the same would happen to General Growth Properties (America's biggest mall owner)... or that oil would fall from over $100 per barrel...Read More
There's room for upgrades to the GPS stockTo close out October, GPS concern Garmin Ltd. (NASDAQ:GRMN) gapped higher in the wake of a well-received corporate report. GRMN continued to climb into November, and nabbed a nearly 12-year high of $97.59 earlier today. There's reason to believe the stock still has more room to run too, after flashing this bullish signal. More specifically, GRMN's new hi...Read More
The S&P and Nasdaq are sharply lower at midday, tooStocks are starting the week on a negative note, as Wall Street weighs mixed messages on U.S.-China trade relations coming from President Donald Trump. Following last Friday's reports that he had not agreed to roll back U.S. tariffs on Chinese goods, Trump told reporters over the weekend that the "level of tariff lift is incorrect," and suggested...Read More
The 120-day moving average has had bearish implications for the equity in the past Since posting a third-quarter report that missed analysts' estimates last week, resulting in a three-week low of $9.12, the shares of AMC Entertainment Holdings Inc (NYSE:AMC) have been struggling on the charts. While the stock briefly popped north of its 30-day moving average, the trendline has served as stiff resi...Read More
SPWR has found support at its 320-day trendlineThe shares of SunPower Corporation (NASDAQ:SPWR) are up 10.2% to trade at $9.22 today, after the solar name announced it would split into two separate publicly traded companies. The new company, Maxeon Solar Technologies, will be independent, complementary, and strategically aligned with SunPower, and will rely on a $298 million investment from partn...Read More
BIDU has had a tough year on the chartsMere days off its recent post-earnings pop, Chinese tech name Baidu Inc (NASDAQ:BIDU) has received yet another bull note, this time out of Oppenheimer. The analyst upgraded the stock to "outperform" from "perform," with a price target of $145. Regardless, BIDU is down 1.5% this morning at $122.74, as the broader equities market sells off on U.S.-China trade...Read More
The analyst downgraded the stock to "equal-weight" but upped its price target A bear note from Morgan Stanley has sent the shares of Qualcomm, Inc. (NASDAQ:QCOM) down 3% to trade at $91.15 this morning. Specifically, the analyst dropped its rating to "equal-weight" from "overweight," but raised its price target to by $1 to $90. The brokerage firm said that while a deal between the U.S. and China -...Read More
Continued uncertainty over the lingering Beijing-Washington trade standoff are pressuring stocks this morningStock futures are set to retreat from last week's record wins, as growing concerns over U.S.-China trade plague Wall Street. This souring sentiment comes afterPresident Donald Trump on Friday tempered expectations for a mutual tariff rollback. An upsurge of violence in Hong Kong protests ov...Read More
However, the VIX's 20-day call/put ratio suggests any potential slide in stocks could be limited"Nervous investors have socked $3.4 trillion away in cash. But stocks are rising and their nerves are calming, leading bulls to view the huge cash pile as a sign that markets have room to go higher.Assets in money-market funds have grown by $1 trillion over the past three years to their highest level in...Read More
There have been mixed messages in terms of economic outlooks.US president Donald Trump had said trade talks with China were moving along "very nicely", while data over the weekend showed Chinese factories were threatening to drag down prices around the world as producer prices dropped for a fourth month in October, Bloomberg reported.Meanwhile sales in Alibaba's Singles Day event in China today -...Read More
Beowulf hopes to produce up to 250 million tonnes at Kallak, a magnetite iron ore deposit about 40km west of Kokkmokk municipality centre in Norrbotten county in northern Sweden.Read More
(IDEX Online) - Underscoring the importance of the Far East market, 21 companies will exhibit in the Israel Diamond Pavilion at the upcoming Hong Kong International Jewelry Manufacturers' show (HKJMA).The pavilion will be located in Hall 1 of the Hong Kong Convention & Exhibition Centre and will feature the Diamonds Show database of Israeli exhibitors available in English and Chinese.&nbs...Read More
(IDEX Online) - The 11.11 Global Shopping Festival kicked off at midnight in China and generated $1 billion in the first minute and eight seconds. By the first hour, that number had shot up to $12 billion, reports Alibaby Group Holding Limited. The 11.11 shopping festival began in 2009 with participation from 27 merchants as an event for merchants and consumers to raise awareness about the va...Read More
Aim-listed Vast Resources has appointed Paul Fletcher FD with immediate effect.He has been CFO of the company since February.AdvertisementFletcher, who has 25 years’ experience working in the commodity and financial services industries, succeeds former FD Roy Tucker.“I have great pleasure in welcoming Paul to the board. Paul has demonstrated expertise and commitment to Vast ever since...Read More
Polymetal building with good momentumSPONSOREDpolymetal internationalSayona's updated definitive feasibility study has increased Authier's potential as "a sustainable and profitable new mine", but as the optimised DFS was being finalised it became clear there areRead More
Poster South Africa mine regeneration on trackSPONSOREDorion mineralsThis will cover a planned 26% boost to initial processing capacity from 3 million tonnes per annum to 3.8Mtpa, plus additional mining fleets and a pre-production ore stockpile.Read More
Analysts at CPM have studied the precious metals and commodities markets - including investment trends in mining equities - since the 1970s. This long and intimate involvement gives us insight into the transformations that clearly now are wracking the buy side, the sell side and the mining industry.The CPM Group recently completed a study of over-the-counter (OTC) and exchange metals markets. As p...Read More
Young Mining Professionals (YMP) has announced its 2019 scholarship recipients. A total of $44,000 in scholarships will go to Canadian students pursuing careers in the mining industry. The awards are presented in partnership with Barrick Gold, Agnico Eagle Mines, The Northern Miner, Iamgold, Yamana Gold, Anaconda Mining and Orefinders Resources. YMP is an international association of mining profes...Read More
IronRidge derisks through diverse discoveries SPONSOREDironridge resources Nordic Mining prepares for lift-offSPONSOREDnordic miningAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftPolymetal building with good momentumSPONSOREDpolymetal internationalUntil a few days ago, Barrick and its arch-rival, Newmont Goldcorp, were travelling so close together in terms...Read More