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

ArcelorMittal fell the most in two years after announcing that it's further cutting steel production across its European plants to cope with weak demand and rising imports.The world's largest steelmaker will reduce primary production in France, Germany and Spain, according to a statement on Wednesday. It's the second time this month ArcelorMittal has announced output cuts. In total, it could affec...Read More

What happened: Value of M&A activity skyrocketed in B.C. during the first quarter of 2019Why it matters: The jump was driven primarily by the $17.4-billion acquisition of Goldcorp Inc.A first-quarter surge in B.C.-based mergers and acquisitions (M&A) activity can be attributed to one particular mega-deal that kicked off the year, according to new data from Crosbie & Company Inc.A May 29 report rev...Read More

What happened: Value of M&A activity skyrocketed in B.C. during the first quarter of 2019Why it matters: The jump was driven primarily by the $17.4-billion acquisition of Goldcorp Inc.A first-quarter surge in B.C.-based mergers and acquisitions (M&A) activity can be attributed to one particular mega-deal that kicked off the year, according to new data from Crosbie & Company Inc.A May 29 report rev...Read More

One fund is pacing toward its worst month in yearsThe stock market is taking a big hit this week, after several Chinese media outlets suggested Beijing could restrict the export of rare earth minerals, which are used in a variety of products, including smartphones and hybrids. Options traders are reacting to the latest salvo in the U.S.-China trade war by blasting the SPDR S&P Metals and Mining ET...Read More

Both equities sport attractively priced options at the momentThis morning, Goldman Sachs weighed in on two pharma stocks, downgrading Clovis Oncology Inc (NASDAQ:CLVS) and Esperion Therapeutics Inc (NASDAQ:ESPR) to "sell." Regarding the former, Goldman believes expectations for Clovis' cancer drug Rubraca are inflated. And with the latter, the analyst in coverage expressed concern over Esperion'...Read More

Champion Iron Ltd. (TSX: CIA) (ASX: CIA) today announced that it has concluded an agreement with la Caisse de d?(C)p??t et placement du Qu?(C)bec (CDPQ) for a preferred share offering of C$185 million plus a commitment for a fully underwritten $200 million credit facility with Scotiabank and Societe Generale.The company has also acquired the remaining 36.8% interest in the Bloom Lake iron ore proj...Read More

The equity tends to heat up in the summer monthsLike most of the stock market, the shares of Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) have struggled in May, down nearly 10% so far. However, now could be an opportune time to roll the dice on a big rebound for ALXN, for two reasons: first, pullbacks to a key trendline have preceded healthy gainsin the past; and second, the security has seasonalit...Read More

The door is wide open for downgrades on the stock A close look at the technical setup for Archer Daniels Midland Co (NYSE:ADM) reveals a number of red flags. For starters, the stock is coming off a weak earnings performance just a few weeks ago, falling below the $40 level, which represents two times a major peak from 1997, as well as its 2018 closing low. Moreover, the shares have given up suppor...Read More

There's little appetite for buying on the Street todayStocks are broadly lower today, as concerns about the economy and U.S.-China trade relations weigh. Bond yields are falling again, with the 10-year Treasury yield slipping to a nearly two-year low. The retail sector is one of the worst performing areas so far, as is the trade-sensitive tech sector. The Dow Jones Industrial Average (DJI) has dro...Read More

The shares have averaged an impressive return over the July-through-August periodApple Inc. (NASDAQ:AAPL) peaked at $215.31 on May 1, marking its highest point since Nov. 7. The shares of the iPhone maker have since shed nearly 18% -- set to snap their four-month winning streak -- amid increasing U.S.-China trade tensions. However, if history is any guide, the FAANG stock could be ready to bounce...Read More

The sporting goods retailer beat earnings expectations once againSports retailer Dick's Sporting Goods Inc (NYSE:DKS) has erased early gains, now down 4.1% at $34.30 in this morning's trading, despite the company reporting an impressive first-quarter earnings beat and upwardly revised full-year guidance. The reason behind the pullback remains unknown, as today marks the seventh quarter in a row D...Read More

The "Deep State" powers at work could threaten the very backbone of American democracy.A new book may have Washington -- and Wall Street -- squirming in the hot seat.According to the newly-released publication, the dangers to the wealth and well-beings of good, hard-working Americans are now greater than ever!Written by a Washington insider since 1970, this book details how the author believes Ame...Read More

VSI fell to a record low last ThursdayDespite trading higher in after-hours, shares of Vitamin Shoppe Inc (NYSE:VSI) are down 3.6% to trade at $3.74 this morning -- afterpivoting lower at the open -- and earlier touching a fresh annual low of $3.68. The nutritional supplement retailer becomes the latest to dabble in cannabidiol (CBD) after announcing it was expanding its CBD hemp extract offerin...Read More

Vancouver, BC - Select Sands Corp. (TSX-V:SNS | OTCQX: SLSDF) (the "Company") announces operational and financial results for Q1 2019, the filing of its financial statements and associated management's discussion and analysis on www.sedar.com. The Company will host a conference call on Thursday, May 30, 2019 at 10:00 A.M. Central to discuss its Q1 2019 results (see "Conference Call Infor...Read More

Most HIG analysts are bullishHartford Financial Services Group Inc (NYSE:HIG) was upgraded to "buy" from "neutral" at Goldman Sachs, which noted the company's valuation is cheaper than some of its biggest rivals. Most analysts share the brokerage firm's enthusiasm, with seven of the 11 in coverage handing out "strong buy" recommendations, versus four "holds." Meanwhile, the average 12-month price...Read More

Pot stock profit-share members could receive the next check soon.This one-of-a-kind marijuana profit-sharing plan that could quickly have investors sitting on $17,667... $25,921... $38,898... or even $55,563.And possibly a whole lot more.There are no age limits to this program.No income caps.No complicated hoops to jump through (joining only takes 90 seconds).And most importantly - there are zer...Read More

Namibia's mines and energy minister said he has no objection to Rio Tinto's sale of its uranium mine stake to China provided it respects the African nation's laws.Rio, which is seeking to divest less profitable assets, said last November that it was selling its 69% stake in the world's longest-running open pit uranium mine to China for up to $106.5 million and expected the deal to be completed in...Read More

U.S. demand for electric vehicles, including hybrids, could rise to 1.28 million by 2026, a new study projected on Wednesday, but most brands will struggle to make money on the new models.Research firm IHS Markit forecasts that more than 130 models in the U.S. market, from 43 brands, will offer electrified propulsion systems, either pure battery electric or hybrid gasoline-electric.But two-thirds...Read More

Beijing is gearing up to use its dominance of rare earths to hit back in its deepening trade war with Washington.A flurry of Chinese media reports on Wednesday, including an editorial in the flagship newspaper of the Communist Party, raised the prospect of Beijing cutting exports of the commodities that are critical in defense, energy, electronics and automobile sectors. The world's biggest produc...Read More

The FDA just gave Amarin's cardiovascular drug, Vascepa, priority reviewShares of the pharmaceutical concern Amarin Corporation plc (NASDAQ:AMRN) are popping, after the Food and Drug Administration (FDA) granted priority review to the drugmaker's Vascepa treatment, which reduces cardiovascular risks in patients with high cholesterol. The stock is up 5.8% at $18.00, in response. Since spiking jus...Read More