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

This episode wraps up our two-part conversation with strategist, lawyer and author Bill Gallagher on the topic of Canada's Indigenous People and their land rights, and how that affects resource development in the country.Bill GallagherBased in Waterloo, Ont., Bill is the author of two popular books on the topic: the recently published "Resource Reckoning: a Strategist's Guide from A to Z" and the...Read More

Global Atomic Corporation (TSE:GLO) is "two businesses in one company", according to Executive Vice President Merlin Marr-Johnson.There's zinc recycling in Turkey, and uranium exploration and development in Niger.If that doesn't seem like a natural coupling in terms of commodity or jurisdiction, then consider it from a financial perspective.It's long been a truism that the most investable explorat...Read More

The Securities and Exchange Commission (SEC) obtained a court order halting an ongoing $30 million Ponzi scheme targeting more than 300 investors in the U.S. and Canada. The SEC complaint unsealed Monday charges South Florida-based Argyle Coin, LLC, a purported cryptocurrency business, and its principal Jose Angel Aman with using investor funds to run a Ponzi scheme. On May 20, the Honorable Judge...Read More

The value of De Beers’ rough diamond sales for the fourth cycle of this year fell year-on-year “against a backdrop of macroeconomic uncertainty”, CEO Bruce Cleaver said on Tuesday.Sales decreased to $415-million, compared with $554-million in the fourth sales cycle of 2018.AdvertisementThis was also lower than the sales of $581-million recorded for the third sales cycle of this y...Read More

2019 was supposed to be another breakout year.The marijuana sector has grown by leaps and bounds after election years - both presidential and midterm - since its earliest days.And following the wave of new Democrats moving into state houses, a wave of new legalization was universally expected.The big three were New York, New Jersey, and Illinois. Population and potential business-wise, these would...Read More

Google was among the U.S. companies to cut ties with HuaweiThe Dow continued its journey lower today, as tech stocks sold off. Of note, several chipmakers took a beating, as Google parent Alphabet (GOOGL) and a handful of U.S. semiconductor makers cut ties with Huawei, following President Donald Trump's recent blacklist of the Chinese firm. This, as hopes for a trade deal between the U.S. and Chin...Read More

Vancouver-based Victory Metals (TSX-V:VMX) has big ambitions for its flagship Nevada vanadium project, Iron Point, based on a recent expansion to 5,382 hectares, drill results, and a $3.6 million private placement.Vanadium, used in the steel industry as a strengthening agent, and listed as a strategic metal, is in the midst of a bull market, due to Chinese steel demand and the advent of Vanadium R...Read More

FCC Chair Pai threw support behind a Sprint-T-Mobile mergerSprint Corp (NYSE:S) is having a breakout session, with the telecom stock last seen trading up 22.2% at $7.53 -- fresh off a 19-month high of $7.90. Sparking the bull gap is news Federal Communications Commission (FCC) Chief Ajit Pai threw support behind a Sprint-T-Mobile (TMUS) merger, in part due to the telecommunications giants' plans t...Read More

One equity is set for its worst day ever on a Huawei-related downgradeTechnology and chip stocks are suffering a steep sell-off this afternoon, sending markets deep into the red. Three namesalso making noise today are electronics name Keysight Technologies Inc (NYSE:KEYS), car manufacturer Ford Motor Company (NYSE:F), and video game retailer GameStop Corp (NYSE:GME). Below, we will dive into what...Read More

Speculators have been betting bearishly ahead of the retailer's reportA slew of retailers are slated to report earnings this week, with department store Nordstrom, Inc. (NYSE:JWN) on deck to report after the close tomorrow. Ahead of the event, Barron's called JWN stock a "bargain," but it looks like recent options buyers are expecting more downside for the beat-up shares.Nordstrom stock was last s...Read More

Norwegian metals maker Norsk Hydro has been given the go ahead by a Brazilian federal court to resume full output from the company's Alunorte alumina refinery, it said on Monday.The plant, a key supplier to the aluminium industry, currently operates at half of its capacity after a spill in February 2018 that prompted regulators and courts to restrict output.A restart of Alunorte will bring a signi...Read More

VF Corp will report earnings on Wednesday, May 22, before the openThis morning, Morgan Stanley weighed in on the airline sector, and its reviews weren't exactly glowing. The brokerage firm sees inconsistencies in cost approaches for "legacy" airliners, and thinks expectations should be reset. More specifically, American Airlines Group Inc (NASDAQ:AAL) saw its rating cut to "underweight" from "equa...Read More

Zambia has started looking for a new investor in Vedanta-controlled Konkola Copper Mines (KCM), Zambia's President Edgar Lungu said on state radio on Monday."We are not shaken in our resolve to divorce, starting with KCM, and we have filed that notification," Lungu said on Zambia National Broadcasting Corporation radio, adding that he would brief the cabinet on the decision later on Monday.London-...Read More

SolGold is in talks with financiers keen to invest in its Ecuadorian copper-gold prospects and mining major BHP could increase its stake in the company, SolGold's chief executive said on Monday.In a preliminary economic assessment of the Alpala copper-silver-gold deposit in northern Ecuador released earlier, London-listed SolGold said annual copper output should be 207,000 tonnes for the first 25...Read More

SolGold is in talks with financiers keen to invest in its Ecuadorian copper-gold prospects and mining major BHP could increase its stake in the company, SolGold's chief executive said on Monday.In a preliminary economic assessment of the Alpala copper-silver-gold deposit in northern Ecuador released earlier, London-listed SolGold said annual copper output should be 207,000 tonnes for the first 25...Read More

SolGold is in talks with financiers keen to invest in its Ecuadorian copper-gold prospects and mining major BHP could increase its stake in the company, SolGold's chief executive said on Monday.In a preliminary economic assessment of the Alpala copper-silver-gold deposit in northern Ecuador released earlier, London-listed SolGold said annual copper output should be 207,000 tonnes for the first 25...Read More

Meanwhile, an options trader seems to be betting on a huge pullback for one blue chipU.S. stocks are trading in the red today, as the tech sector swoons on Huawei headwinds. Semiconductor shares continue to see some of the sharpest losses, sending the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) lower with the Dow Jones Industrial Average (DJI). Meanwhile, oil prices are on the rise after the O...Read More

A bullish signal just flashed for BKNG, amid the travel sector's sell-off Travel stocks have taken a hit, after Morgan Stanley downgraded several airline stocks earlier today, with American Airlines (AAL) getting the brunt of the analyst's drubbing. Booking Holdings Inc (NASDAQ:BKNG) hasn't been immune to the sector dip, down 1.6% at $1,758.17 a share, at last glance. However, the stock just pulle...Read More

Analysts spent the weekend weighing EV stockBofA-Merrill Lynch double-downgraded Eaton Vance Corp (NYSE:EV) to "underperform" from "buy," and slashed its price target to $37 from $45. The analyst in coverage said the lowered outlook comes amid slowing flow trends and expectations for margin pressures for the investment firm.Jefferies also chimed in on EV stock over the weekend, cutting its price t...Read More

Narendra Modi is leading in exit pollsThe iShares MSCI India ETF (INDA) has rocketed higher today, with the exchange-traded fund (ETF) pacing for its best session since March 2016. Specifically, INDA shares were last seen 4.5% higher at $35.22, as exit polls suggest a win for Indian Prime Minister Narendra Modi. Votes will be counted on Thursday, May 23, after a seven-week election. Against this b...Read More