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

The tech sector's recent pullback has created buying opportunitiesIt's been a rough stretch for tech stocks, with the Nasdaq Composite (IXIC) starting the month of June in correction territory. This recent pullback has created some buying opportunities throughout the sector, with software stocks Keysight Technologies Inc (NYSE:KEYS) and Adobe Inc (NASDAQ:ADBE) both trading near trendlines with his...Read More

Vancouver-based Pretium Resources reports that its 2019 deep underground drill program confirmed there is mineralization similar to the Brucejack mine at depth and to the east of the mine workings. The mine is located about 65 km north of Stewart, British Columbia.Two holes totaling 3,500 metres were drilled - one to the northeast and the other to the southwest - in an area that had not been drill...Read More

Vancouver-based Pretium Resources reports that its 2019 deep underground drill program confirmed there is mineralization similar to the Brucejack mine at depth and to the east of the mine workings. The mine is located about 65 km north of Stewart, British Columbia.Two holes totaling 3,500 metres were drilled - one to the northeast and the other to the southwest - in an area that had not been drill...Read More

Steelmakers and private equity firms are only working on proposals for parts of collapsed British Steel ahead of a June deadline for binding bids, sources close to the process said.None of the potential buyers, which include GFG Alliance and former owner Greybull, would be willing to take on the whole company, even for a nominal sum, because of the capital expenditure required to make it profitabl...Read More

A quick check on data for Zoom Video and Docusign before earningsLooking at this week's earnings schedule, software stocks Zoom Video Communications Inc (NASDAQ:ZM) and DocuSign (NASDAQ:DOCU) are set to take the stage, both companies reporting quarterly numbers after the close tomorrow, June 6. We'll take a quick look at ZM and DOCU data to give traders a quick preview before the events. ZM stock...Read More

One stock is fresh off a new record lowThe Dow continues its rally today, as weak jobs data boosts investors' expectations for a potential rate cut. Several earnings were on the roster today, too, including tech stock Pivotal Software Inc (NYSE:PVTL) and household soup name Campbell Soup Company (NYSE:CPB). Below, we'll take a look what's driving PVTL and CPB's post-earnings swings. PVTL Stock S...Read More

The equity's recent pullback could be a buying opportunityShares of marijuana concern Cronos Group Inc (NASDAQ:CRON) are higher today, after BofA-Merrill Lynch reversed its position on the stock, upgrading CRON to "buy" from "underperform." The brokerage firm also hiked its price target to $27 from $17, waxing optimistic on the company's partnership with Altria (MO) and its growth potential in the...Read More

The price of copper was hammered on Wednesday amid mounting worries about the impact of a trade war between the world's two largest economies and a global slowdown in manufacturing.In early afternoon trading in New York, copper for delivery in July touched a low of $2.62 a pound ($5,775 a tonne), down nearly 2% from Tuesday's settlement. Copper is now trading more than 20% below levels seen this t...Read More

The price of copper was hammered on Wednesday amid mounting worries about the impact of a trade war between the world's two largest economies and a global slowdown in manufacturing.In early afternoon trading in New York, copper for delivery in July touched a low of $2.62 a pound ($5,775 a tonne), down nearly 2% from Tuesday's settlement. Copper is now trading more than 20% below levels seen this t...Read More

Walmart is one of the best Dow stocks at middayThe Dow Jones Industrial Average (DJI) is riding higher -- pacing for its third straight win -- as this morning's weak jobs data keeps the spotlight on a potential Fed rate cut. Walmart (WMT) is one of the best Dow stocks at midday, as the mega-retailer kicks off its annual shareholders meeting. Easing trade tensions are creating tailwinds, too, with...Read More

An estimated 5 million tonnes of lithium deposits have been found in China's southwestern province of Yunnan, scientists said, potentially curbing the nation's reliance on imports of the material, used in electric vehicle batteries.The Institute of Geochemistry, under the Chinese Academy of Sciences, said in a statement on its website on Monday that it had made the discovery. State media such as...Read More

A historically bearish signal just sounded for Weight Watchers The diet and weight loss concern Weight Watchers International Inc (NASDAQ:WW) has taken a beating on the charts recently. Since a post-earnings bear gap in late-February had the shares plummeting beneath the $25 level for the first time in two years, the shares have made several attempts at a rebound -- the most successful of which wa...Read More

The semiconductor company cut its forecast on Huawei headwindsIt was no secret that the Trump administration's crackdown on China's Huawei would be bad news for Skyworks Solutions Inc (NASDAQ:SWKS), and the company confirmed those fears last night by lowering its third-quarter outlook. The Massachusetts-based semiconductor manufacturer now expects sales between $755 million and $775 million for th...Read More

Guggenheim thinks Roku can rally another 27%Guggenheim upgraded Roku Inc (NASDAQ:ROKU) stock to "buy" from "neutral," and boosted its price target to $119 from $75 -- a 27% premium to last night's close, and the second highest on Wall Street. Analyst Michael Morris called Roku's asset value "compelling," and said growth in account and streaming metrics and accelerating third party demand are among...Read More

Sherritt International Corp., whose executives were once known as Fidel Castro's favorite capitalists, is paying the price for its close ties to the struggling Caribbean nation.The Canadian miner, which gets all its revenue from assets in Cuba, is being hit on multiple fronts by Donald Trump's isolationism, plunging nickel prices and cost overruns. With the stock at 21 cents and its bonds trading...Read More

RWLK scored a big FDA win with its exo-suitThe Nasdaq is bookended by two healthcare stocks today. At the top, there's medical device concern ReWalk Robotics Ltd. (NASDAQ:RWLK), a whopping 160% higher to trade at $8.63, after the Food and Drug Administration (FDA) cleared the company's ReStore Exo-Suit for sale at U.S. rehab clinics. The suit is designed for stroke survivors with mobility issues....Read More

GameStop just reported a first-quarter revenue disappointment, and halted its quarterly dividend The video game retailer GameStop Corp (NYSE:GME) took a massive hit today, after its first-quarter earnings report sparked a major sell-off in early morning trading. While the firm reported earnings that beat analysts' expectations, GME's revenue of $1.55 billion came in lower than the estimated $1.64...Read More

Donald Trump's trade wars are increasing scrutiny of an obscure process that has boosted how much U.S. beer makers and bottlers pay for aluminum cans.The chairman of Molson Coors Brewing Co. and a bottler for PepsiCo Inc. are urging the U.S. government to investigate the process used to set benchmark aluminum premiums, which have doubled from 2017 levels in the wake of U.S. import tariffs. And the...Read More

The race to mine Guinea's iron ore has started although the focus is not on its giant Simandou deposits but on smaller finds whose output could be transported via Liberia if ArcelorMittal shares its railway, banking and industry sources said.Guinea's aspirations to develop Simandou, the world's largest known untapped iron ore deposit, have foundered because of the cost of infrastructure and protra...Read More

New Papua New Guinea Prime Minister James Marape doubled down on his plans to earn more taxes from the gas-and-gold-rich country's natural resources sector on Wednesday, but said major reform would not take effect for years.That will come as a relief for oil giants such as France's Total SA and ExxonMobil Corp which have done deals and were wondering if Marape would put them up for review.Marape,...Read More