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
Gold futures are climbing as investors rush to safe-haven assetsGold prices have been in focus lately, as investors flock to safe haven assets amid the latest Fed decision and escalating trade tensions with China, flirting with six-year highs in recent days. This is good timing for Barrick Gold Corp (NYSE:GOLD), with the gold miner set to report second-quarter earnings before the open Monday, Aug...Read More
Trump said he was "not ready to make a deal" with China The Dow Jones Industrial Average (DJI) is looking to end the wild trading week on a sour note, down more than 200 points at midday. President Donald Trump confirmed earlier reports that the U.S. is "not going to do business with Huawei," sending chip stocks into the red. In addition, the U.S. leader said he was "not ready to make a deal" wi...Read More
TBILISI (Thomson Reuters Foundation) - Operations at a Chinese-owned gold mine i...Read full newsRead More
One trader placed a well-timed bet ahead of earningsThe shares of ViewRay (NASDAQ:VRAY) are getting destroyed today, after the radiation therapy concern reported a steeper-than-expected quarterly loss and cut its full-year sales guidance. The firm also announced the departure of CFO Ajay Bansal. At last check, VRAY stock was down 55.5% at $3.00 -- and it looks like one options trader placed a well...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
Take advantage of the first amendment, and participate in a nation-wide poll.With the 2020 election growing ever closer, the country continues to be divided politically.From disputes about the appropriateness of displaying the Confederate flag, to rights for minorities, and the ever-growing concern about security at the U.S. border, the 2020 election promises to be contentious... if not the most c...Read More
Both Micron and Skyworks have struggled this monthThe semiconductor sector is under pressure this morning, after a Bloomberg report indicated the U.S. was considering maintaining its ban on China's Huawei. This comes in response to China's move to stop buying American crops. Two chip stocks that are particularly impacted by this newsare Micron Technology, Inc. (NASDAQ:MU) and Skyworks Solutions...Read More
At least two brokerages have downgraded NKTR stockNektar Therapeutics (NASDAQ:NKTR) stock opened at its lowest level since mid-2017 today -- down 36% at $18.01 -- after the drugmaker unveiled manufacturing issues with bempeg, its experimental cancer treatment. Specifically, NKTR said it discovered two lots of the drug were manufactured differently than the rest in a recent clinical trial, and it w...Read More
Canopy Growth will buy U.K.-based biopharma name Beckley Canopy Therapeutics Pot name Canopy Growth Corp (NYSE:CGC) announced this morning that it's buying U.K.-based biopharmaceutical company Beckley Canopy Therapeutics for an undisclosed sum, in order to develop weed-based wellness products and strengthen its foothold in Europe. CGC shareholders don't seem too impressed, with the equity down 1%...Read More
Analysts have already jumped to revise their price targets on the stockShares of business review platform Yelp Inc (NYSE:YELP) are surging this morning, up 8.7% at $38 at last check. The company last night reported impressive second-quarter numbers, and also revealed its Chief Financial Officer (CFO) Charles "Lanny" Baker will be stepping down effective Sept. 2, 2019. During the search for a repl...Read More
Oil prices are building on yesterday's gains, though Dow Jones Industrial Average (DJI) futures are signaling a triple-digit drop this morning, as the blue-chip index looks unable to build on yesterday's strong gains. Trade tensions with China resurfaced overnight, after a Bloomberg report indicated the Trump administration was not ready to lift its ban on U.S. companies purchasing Huawei products...Read More
Jefferies quickly called the stock's pullback a buying opportunityAmarin Corporation plc (NASDAQ:AMRN) is one of the biggest losers before the bell today, last seen with pre-market losses of 19.2% to trade at $14.39. A label expansion application for the company's Vascepa drug -- a treatment meant to lower triglycerides in adults that has helped the shares rise almost 31% year-to-date -- has been...Read More
* Nickel price rose to 16-mth high on talk of earlier export banRead full newsRead More
The world's largest diamond miner said July 2019 sales of rough and polished diamonds totalled US$170.5 million, taking sales for the January-July period to $1,981.8 million."A significant decline in diamond sales was attributable to a number of factors including a sizable level of diamond inventory overhang in the midstream built-up last year on abnormally high demand growth," said Evgeny Agureev...Read More
The Denmark-based and listed equipment manufacturer said the lumpy but robust mining capital equipment market continued to look positive, with its mining capital business revenues up 36% for the first half of the year, versus the same period last year, at US$340 million, and 44% yoy for the second quarter, while services revenue was flat yoy for the half at US$530 million and up 2% yoy in the seco...Read More
Stuller Inc., the giant, Lafayette, Louisiana-headquartered merchandise and services supplier for jewelry professionals worldwide, announced it has appointed two new vice presidents. Brian Henderson joins Stuller as the new vice president of marketing and Alix Gonsoulin has been promoted to vice president of bridal, fine jewelry, and findings. Henderson, who relocated to Lafayette, has worked for...Read More
Shifting relationship dynamics, changing perceptions of femininity and the fast adoption of e-commerce channels are paving the way for increased diamond jewelry consumption in China, according to Mabel Wong McCormick, managing director of Diamond Producers Association (DPA) in China. "Expanded symbolism for diamond jewelry indicating a wider range of 'moments' in life will give rise to m...Read More
Content: At Vicenzaoro September 2019, the topic of its "VISIO.NEXT" program will be "Spreading Sustainability." The program introduces show visitors to the topic and "culture of sustainability, communicating the importance and looking at the best and most effective practices for embarking on an entrepreneurial course heading in this direction." Among the topics covered will be the problem...Read More
The 36th edition of India International Jewellery Show (IIJS) opened on Thursday, August 8th, albeit it only for those who had received an exclusive invitation for "Preview Day - By Invitation Only." On Friday August 9 the show floors were opened to all the registered participants. The IIJS will run until Monday August 12. The chief sponsor of the show, the Gem & Jewellery Export Promo...Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumThat was 13% up on the previous quarter and the highest level of concentrate for nearly four years.Rambler said year-to-date mill throughput of 211,090t at an average 1.36% copper and 0.59gpt gold had it on tracked for its guided 400,000-450,000t at 1.3-1.5% copper. SP Angel in London said average gold grades were below...Read More