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 stock recently bounced from double-barreled support The shares of data analytics firm Alteryx Inc (NYSE:AYX) have outperformed over the long run, and could be giving bulls an entry point for their next leg higher. Specifically, AYX just bounced from double-barreled support at the 40-day moving average and $85 price point, the latter representing the stock's takeoff point for a rally in early...Read More

Mining company Vedanta and its Zambian unit Konkola Copper Mines (KCM) said they were seeking urgent talks with the Zambian president following a high court order on Tuesday to appoint a provisional liquidator.The news has rattled foreign investors already nervous governments in central African countries are seeking a much bigger share of resource revenues, which they say will discourage investmen...Read More

Mining company Vedanta and its Zambian unit Konkola Copper Mines (KCM) said they were seeking urgent talks with the Zambian president following a high court order on Tuesday to appoint a provisional liquidator.The news has rattled foreign investors already nervous governments in central African countries are seeking a much bigger share of resource revenues, which they say will discourage investmen...Read More

Both drug stocks are heavily shorted, tooTwo drug names are sitting at the bottom of the Nasdaq and NYSE this morning. First, BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) is down 51.3% to trade at $3.60, and earlier tapped a new two-and-a-half year low of $3.40, after receiving subpar results from its late-stage genetic condition study. This is shaping up to be BioCryst stock's worst day since F...Read More

Shorts have ramped up attention on SNAP recentlyShares of Snap Inc (NYSE:SNAP) are up 2.4% at $11.46 this morning, after the company announced Derek Andersen as its new Chief Financial Officer (CFO). Anderson is replacing interim CFO Lara Sweet, and is leaving his current position as Snap's vice president of finance.Despite the rise for the shares, the Snapchat parent remains stuck between $10 a...Read More

British Steel, the country's second largest steel producer, is on the brink of collapse unless the government agrees to provide an emergency 30 million pound ($38 million) loan, two sources close to the situation said.British Steel said negotiations had not concluded and it continues to work with all parties to secure the future of the business. It also reassured employees that their salaries will...Read More

Zambia's Eurobond yields rose to record highs after the government of the cash-strapped copper producer said it's planning to seize Vedanta Resources Ltd.'s mining assets.The yield on the southern African nation's $750 million of securities maturing in September 2022 climbed 81 basis points to 19.74% as of 10:43 a.m. in London. Rates on notes due in April 2024 rose 51 basis points to 19.02%. No ot...Read More

Zambia's Eurobond yields rose to record highs after the government of the cash-strapped copper producer said it's planning to seize Vedanta Resources Ltd.'s mining assets.The yield on the southern African nation's $750 million of securities maturing in September 2022 climbed 81 basis points to 19.74% as of 10:43 a.m. in London. Rates on notes due in April 2024 rose 51 basis points to 19.02%. No ot...Read More

Ocular Therapeutix hit a record low out of the gatePharma stock Ocular Therapeutix Inc (NASDAQ:OCUL) is in hot water today, down 11% at $3.00 in early trading, and pacing for its worst day since Dec. 3. The stock is fresh off a new record low of $2.78, too, after the company's glaucoma treatment, OTX-TP, fell short of its main goal in a late-stage study. A round of bear notes is doing the equity n...Read More

The car stock has closed lower in nine of the last 10 daysMorgan Stanley slashed its bear forecast on Tesla Inc (NASDAQ:TSLA) to $10 from $97, saying the downwardly revised worst-case scenario assumes a major miss for "Chinese volume forecast ... to account for the highly volatile trade situation in the region, particularly around areas of technology, which we believe run a high and increasing ris...Read More

An indigenous Peruvian community has imposed a new road blockade on Chinese miner MMG Ltd's Las Bambas mine, one of Peru's largest copper producers, after talks with the company over compensation broke down, a representative of the public ombudsman office said on Tuesday.The community started the blockade at midnight (0500 GMT) on Tuesday, the representative, Americo Contreras, said by phone, citi...Read More

An indigenous Peruvian community has imposed a new road blockade on Chinese miner MMG Ltd's Las Bambas mine, one of Peru's largest copper producers, after talks with the company over compensation broke down, a representative of the public ombudsman office said on Tuesday.The community started the blockade at midnight (0500 GMT) on Tuesday, the representative, Americo Contreras, said by phone, citi...Read More

HD, KSS, and JCP all revealed disappointing comparable sales growthRetailers Home Depot Inc (NYSE:HD), Kohl's Corporation (NYSE:KSS), and J C Penney Company Inc (NYSE:JCP) reported earnings this morning, and all three issued comparable store figures that disappointed the Street. Below, we'll dig into the numbers moving shares of HD, KSS, and JCP. For Dow component Home Depot, same-store sales grow...Read More

Oil-to-metals conglomerate Vedanta Ltd said on Tuesday it had been declared the preferred bidder for two copper blocks in the India's western state of Maharashtra.The blocks require extensive exploration, Vedanta said, adding that this would start in due course.The copper blocks have total area of 1584.9 hectares, and are located in Maharashtra's Chandrapur district, the company said.The news come...Read More

Boeing stock is also lifting the DowFollowing yesterday's tech sell-off, futures on the Dow Jones Industrial Average (DJI) are signaling a positive open, as U.S. officials Monday night temporarily eased trade restrictionson China's Huawei through Aug. 19.Elsewhere, Boeing (BA) shares are pointed higher in electronic trading, on reports that a bird strike may have caused a 737 MAX crash in March. T...Read More

The iron ore market is on a surge, the price last week punching up through the $100-per tonne level for the first time in five years.Copper, by contrast, is under pressure, with the London Metal Exchange (LME) price for three-month delivery sliding 10 percent over the last month and currently struggling to hold the $6,000-per tonne level.The fortunes of two commodities are beholden to China, the w...Read More

The iron ore market is on a surge, the price last week punching up through the $100-per tonne level for the first time in five years.Copper, by contrast, is under pressure, with the London Metal Exchange (LME) price for three-month delivery sliding 10 percent over the last month and currently struggling to hold the $6,000-per tonne level.The fortunes of two commodities are beholden to China, the w...Read More

A home built on a retired gold mine in Big Sur, Calif. is for sale for $2.25 million.Read full newsRead More

The world's largest miner, BHP (ASX, NYSE: BHP), has lifted its forecasts for the global adoption and sales of electric vehicles (EVs), but warns the electrification of the transport sector will proceed only as fast as the development of charging infrastructure does.BHP now estimates that at least 132 million EVs will be on the world's roads in 2035, and at least 561 million by the middle of the...Read More

The world's largest miner, BHP (ASX, NYSE: BHP), has lifted its forecasts for the global adoption and sales of electric vehicles (EVs), but warns the electrification of the transport sector will proceed only as fast as the development of charging infrastructure does.BHP now estimates that at least 132 million EVs will be on the world's roads in 2035, and at least 561 million by the middle of the...Read More