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
Every investor in California Gold Mining Inc. (CNSX:CGM) should be aware of the most powerful shareholder groups...Read full newsRead More
Both AK Steel and U.S. Steel are surrounded by pessimismJ.P. Morgan Securities weighed in on the steel industry today, and the results weren't pretty. AK Steel Holding Corporation (NYSE:AKS) was downgraded to "underweight" from "overweight," while United States Steel Corporation (NYSE:X) saw its rating cut to "neutral" from "overweight," and price target trimmed to $14 from $26. The brokerage...Read More
The firm expects its reduced gluten Goodwheat product to be ready for retail by year's endThe shares of Arcadia Biosciences Inc (NASDAQ:RKDA) are looking to snap their four-day losing streak today, after the U.S. Patent and Trademark Office gave the firm's reduced gluten Goodwheat product a patent. The product, which contains 75% less allergenic gluten than traditional wheat, is slated for commerc...Read More
The analyst called fundamental concerns "overblown"Chewy Inc (NYSE:CHWY) stock plunged 10.5% last week -- and tagged a record low of $26.29 on Friday -- after the online pet retailer reported a larger-than-anticipated second-quarter loss. This morning, though, CHWY shares are up 3.6% at $27.35, after Nomura Instinet upgraded the stock to "buy" from "neutral," calling concerns over Chewy "overblown...Read More
The brokerage firm expects 20% upside from the yoga apparel nameShares of Lululemon Athletica Inc. (NASDAQ:LULU) are inching their way higher this morning, up 0.2% at $189.75 in electronic trading. Behind the positive shift is a bull note out of Piper Jaffray in which the firm initiated coverage with an "overweight" rating and $227 price target, implying expected upside of 20% to Friday's close....Read More
Weak German and eurozone factory data is weighing on stock futuresFutures on the Dow Jones Industrial Average (DJI) are churning below fair value this morning, as disappointing manufacturing data out of Germany reignites concerns of a slowing global economy. Data from IHS Markit also showed a sharp slowdown in eurozone factory activity in August, too. U.S.-China trade headlines continue to swirl,...Read More
Multiple signs point to a possible VIX spike on the horizonThe S&P 500 Index (SPX - 2,992.07)flirted with the July all-time highs last week as we made it through a quad-witching options expiration and the Federal Open Market Committee (FOMC) decision relatively unscathed, but the market still seems to be paranoid that all is not right within the economy. This nervousness could be festering because...Read More
US and Chinese negotiators held "productive" talks late last week, Bloomberg reported, with China's planned US farm visit cancelled at the US's request for separate reasons, according to people familiar with the matter.Spot gold was above US$1,516 an ounce on the spot market earlier and silver is about $18.25/oz, as geopolitical tensions simmer following the recent attack on Saudi oil facilities.M...Read More
The nickel grade at what Giga already describes as one of the "largest undeveloped nickel-cobalt sulphide deposits in the world" has increased 3.5% and contained nickel grew 28.3%.The measured and indicated resource now comprises 1.07Bt at 0.22% nickel for 5.2 billion pounds and 0.013% cobalt for 312.4 million pounds, while inferred stands about 5.5Blb nickel and 327Mlb cobalt.Giga has cited a lon...Read More
(IDEX Online) - Former Diamond Trading Company group sales operations CFO Richard J. Whitby has joined ALTR Created Diamonds as CFO. Whitby spent more than a decade working for De Beers. "Lab-grown diamonds are a major innovation that is breathing new life into the diamond industry, and I look forward to applying my expertise to the future of this field at this exciting time," Whitby said in...Read More
(IDEX Online) - The Indian government has announced a 3.5-percent cut in the Goods and Service Tax (GST) on work related to diamonds to 1.5 percent. The move is an attempt to shore up the ailing diamond industry.According to the Business Standard, the cut is expected to release Rs 1,500 crore ($212 million) in blocked working capital into the pipeline. The government made similar cuts for the...Read More
(IDEX Online) - The World Federation of Diamond Bourses (WFDB) Presidents Meeting kicks off in Dubai today. Besides the regular business of the WFDB and the International Diamond Manufacturers Association (IDMA), there are special sessions on lab-grown diamonds and blockchain technology planned for the meeting.The "Lab-Grown Diamonds: A Call for Action," panel will feature Israel Diamond Exchange...Read More
Look beyond market approach to project valuations: van ZylLeadershipWhite Gold turns heads as exploration steps up a gearSPONSOREDwhite gold corpSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedPoster South Africa mine regeneration on trackSPONSOREDorion mineralsAfter paying Cortadera's vendor $2 million in July, Hot Chili will now hand over a further $3 million, with another $...Read More
The Holy Grail quality when it comes to meat in America is tenderness.If a meat seems tender, then you know it's good quality and probably not cheap. But that's a bit misguided.What you should really be looking for is not tenderness but flavor. And oddly, the most flavorful cuts of meat are not always the most expensive.Today I want to do a deep dive into sourcing meat. I know a lot you eat meat a...Read More
White Gold turns heads as exploration steps up a gearSPONSOREDwhite gold corpSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedPoster South Africa mine regeneration on trackSPONSOREDorion mineralsLean mining and the fourth industrial revolutionSPONSOREDdassault systemesA fall of US$1,000 per tonne over the past week to $16,425/t is a particularly painful setback for tin miners b...Read More
Brazil police were last week reportedly set to announce the first criminal charges against Vale and German safety inspector TÜV SÜD over the dam collapse, with 249 people killed and 21 still missing at the start of this month.Police have now formally accused seven individuals from Vale and six from TÜV SÜD, for covering up structural dangers at the dam during safety audits last...Read More
White Gold turns heads as exploration steps up a gearSPONSOREDwhite gold corpSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedPoster South Africa mine regeneration on trackSPONSOREDorion mineralsLean mining and the fourth industrial revolutionSPONSOREDdassault systemesBased on geotechnical data last updated in 2015, the company reported White Pine North could be profitable as a...Read More
White Gold turns heads as exploration steps up a gearSPONSOREDwhite gold corpSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedPoster South Africa mine regeneration on trackSPONSOREDorion mineralsLean mining and the fourth industrial revolutionSPONSOREDdassault systemesIn the wake of the federal rejection of the Ajax opencast development on environmental grounds in June last yea...Read More
Osisko Gold Royalties (TSX: OR; NYSE: OR) has created a project development platform called North Spirit Discovery Group, and it hopes the resource development and finance company's first asset will be Barkerville Gold Mines (TSXV: BGM) and its Cariboo gold project near Wells, British Columbia.The gold-focused royalty company is offering Barkerville shareholders 0.0357 of a common share of Osisko...Read More
In a report released on Friday, A vision for a sustainable battery value chain in 2030, the WEF argues batteries can cut emissions by 30% in the transport and power sectors, creating 10 million jobsRead More