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

Increasingly violent protests have contributed to a major sell-off for stocks todayThe escalating protests in Hong Kong continue to weigh on the Dow Jones Industrial Average (DJI), which has taken a near 250-point nosedive today. In addition, lingering concerns about U.S.-China trade tensions have trade-sensitive Dow component Caterpillar (CAT) getting slammed as a result. Meanwhile, fears about a...Read More

LHTM's September 5 put is being bought to open todayBofA-Merrill Lynch downgraded Livent Corp (NYSE:LTHM) to "underperform" from "neutral," and slashed its price target by $3 to $7. The analyst in coverage expects "challenged economics" as growth in electric vehicles will not be fast enough to absorb lithium hydroxide production. This comes as electric car maker Nio (NIO) earlier reported disappoi...Read More

This analyst predicts a major market moving event happening as soon as August 13.After nearly 27-years studying the stock market as a hedge fund manager, broker, and analyst, onesenior analyst thought he was prepared for everything Mr. Market threw his way.But last December he got word of a huge market event that's now less than 60 days away.He sent an urgent note to over 75,000 people who, over...Read More

GE breached a key trendline on FridayThe shares of General Electric Company (NYSE:GE) are down 2% to trade at $8.98 this morning, after J.P. Morgan Securities' analyst Stephen Tusa weighed in on the former Dow name. While the noted GE bear maintained his "underweight" rating and $5 price target, he noted that the company's "fundamentals on net continue to look negative," which is "tough to turn i...Read More

The shares are down 26% in early tradingCannTrust Holdings Inc (NYSE:CTST) is down 26.2% at $2.39, on reports a second cannabis growing facility run by the Ontario-based pot firm received a non-compliance letter from Health Canada. The regulatory agency placed a hold on marijuana inventory at the location, which includes around 5,200 kilograms of dried cannabis, according to a company statement.Th...Read More

Citi is concerned about Micron's inventory levelsChipmaker Micron Technology, Inc. (NASDAQ:MU) is down 0.5% at $41.31 this morning, after an analyst at Citigroup reiterated a brutal bear note. Christopher Danely reaffirmed the brokerage's "sell" rating and $30 price target, stating current inventory levels have reached record levels, leaving the stock at risk for lower earnings per share (EPS) an...Read More

Brinker International will report earnings before the open on TuesdayRestaurant stock Brinker International, Inc. (NYSE:EAT) has been underwhelming on the charts this year, giving back more than 9% in 2019. However, Evercore ISI came in this morning with a bull note, raising its price target to $42 from $40. The brokerage firm said same-store sales is the number to watch for the Chili's owner, add...Read More

Capri-owned Versace apologized after putting out a T-shirt mistaking Hong Kong and Macau as countries Capri Holdings Ltd (NYSE:CPRI) was in hot water over the weekend, after its Versace wing put out a T-shirt misidentifying Hong Kong and Macau as countries. The shirt came under scrutiny on Chinese social media, and has since been taken down, with an apology from Artistic Director Donatella Versace...Read More

Hong Kong's airport cancelled all departures amid the escalating protests Dow Jones Industrial Average (DJI) futures are signaling a triple-digit drop for the blue-chip index this morning, as geopolitical tensions in Asia weigh on Wall Street. In addition to lingering trade tensions with China -- including a round of tariff tweets from President Donald Trump over the weekend -- escalating protest...Read More

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Three gold mine workers were injured by a furious crowd after a clandestine miner was shot dead at the site in central Burkina Faso, sources said Friday.Read full newsRead More

Bulls might want to wait until a VIX close below its 200-day for an "all-clear""In other words, the option forces related to big put open interest strikes will not be in play if the 290 strike is breached between now and expiration Friday on Aug. 16, reducing the odds of a sharp sell-off driven in part by the options market."-- Monday Morning Outlook, August 5, 2019Famous last words, huh? In last...Read More

Greatland has issued shares and warrants at 1.85p to raise 4.177 million. Its share price (LSE: GGP) was down 2% early today at 1.79p, capitalising it at about £60 million. The funds raised by SI Capital and Numis Securities improved Greatland's cash balance to about £6.4 million.The 225.8 million new shares come with warrants exercisable at 2.5p within two years.Greatland CEO Gervaise...Read More

The company, which says it has completed construction of a barge landing-ramp for ship loading, will use Pangaea Logistic Solutions to transport about 40,000 tonnes of sample material from 100%-owned Dundas, described by Bluejay as "the world's highest-grade mineral sands ilmenite project"."Receipt of the export permit from the Greenlandic Government and the approval to ship the bulk sample to Que...Read More

The company said overall revenues were up 8% in the first half to €59.9 million, while EBITDA was €9.49 million."The first half of 2019 marked a period where the production capacity of the group caught up with the order book of last year, but where the market has softened during the period," Mincon CEO Joe Purcell said."This has led to a build-up in inventory, a capacity coming on-stream...Read More

Macauhub, an online news service, reported that the share capital held wholly or partially by the government of Angola in 195 different companies will be sold between 2019 and 2022, under the Privatization Program, published in the Diario da Republica official bulletin, as per the Portuguese-language Jornal de Angola. The program states that 175 companies will be sold via public tender, 11 by publ...Read More

Insideretail.asia reported that LVMH has bought a cornerstone share in Stella McCartney House. Full details of the deal will be released in September, however LVMH has confirmed Stella McCartney will continue as creative director and ambassador of her brand, while holding majority ownership. LVMH's archrival house Kering previously held a stake in Stella McCartney House until the celebrity bo...Read More

The luxury market analyst Pam Danziger, writing for Forbes, reported that a new study argues that Millennials are about to radically transform the luxury market by 2025. What Millennials expect from luxury brands is radically different from previous generations, she wrote. The study was by Boston Consulting Group (BCG) and Altagamma,  and concerns the United States and China, the world's...Read More

Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumSouthern received a construction licence in July to build its controversial US$1.4 billion Tia Maria mine which has planned production of 120,000 tonnes of copper a year for 20 years.Southern said at the time it would not start construction until it had support from local communities, and communities immediately launched...Read More

Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumEro Copper ended the second quarter with an improved cash balance of US$35.7 million, and increased its full-year production guidance for 2019 by 2,000t of copper to between 38,000t-40,000t.The company's C1 cash costs per pound of copper were $1.04 in the second quarter. For gold, from the company's NX gold mine, C1 cash...Read More