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
Early Lyft stock bargain-hunters were hit hard by the company's first earnings report"Each month, TD Ameritrade Holding Corp. (NASDAQ: AMTD) reveals which stocks were among the most bought and sold by their clients via the Investor Movement Index, which tracks investor behavior by measuring holding and trading data from a sample of clients... Unsurprisingly, retail investors flocked to some of the...Read More
Barrick Gold Corp , the world's second largest bullion miner, is preparing its Zambian copper mine Lumwana for sale in the second half of 2019, looking to target Chinese buyers, three sources with knowledge of the matter said.Fresh from two major deals in recent months, Barrick has said it plans to shed $1.5 billion of less productive mines, which have little expansion potential.The sale of Lumwan...Read More
Barrick Gold Corp , the world's second largest bullion miner, is preparing its Zambian copper mine Lumwana for sale in the second half of 2019, looking to target Chinese buyers, three sources with knowledge of the matter said.Fresh from two major deals in recent months, Barrick has said it plans to shed $1.5 billion of less productive mines, which have little expansion potential.The sale of Lumwan...Read More
IMMR is set for its worst week since AugustTech stock Immersion Corporation (NASDAQ:IMMR) was up more than 10% in early trading, after the company settledinfringement litigation with Samsung. The firm also said it inked a deal with Sony to license its advanced haptic patents to be used in VR and gaming controllers. However, despite also raising its full-year revenue guidance and beating analysts'...Read More
It would appear that Italy's interior minister Matteo Salvini has escalated his widely-supported anti-immigrant stance, by forcing George Soros and his NGO pals to put their money where their virtue-signaling mouths are...Read full newsRead More
Both APHA and CRON are heavily shortedTwo weed stocks are making outsized moves higher this morning. First, Aphria Inc (NYSE:APHA) stock is up 1.5% to trade at $6.87, after the company announced its president, Jakob Ripshtein, was resigning. Aphria stock gapped lower in mid-April following a subpar quarterly report. Since then, the shares have carved out a channel of lower lows to the tune of a...Read More
The tractor maker will report earnings ahead of Friday's openJ.P. Morgan Securities downgraded Deere & Company (NYSE:DE) stock to "underweight" from "neutral," and slashed its price target to $132 from $154. The brokerage firm cited "rapidly deteriorating fundamentals" in U.S. agriculture, due to "tariffs and excess global supply," declining Chinese demand for soybeans amid an African swine fever...Read More
Global miner BHP will hold on to the Australian nickel operations it previously put up for sale, while Rio Tinto is working on copper and lithium projects as the mining industry bets on demand for electric vehicle (EV) batteries.The biggest mining companies say they are well positioned to provide the metals needed for the shift to EV technology, although they acknowledge the political risks and en...Read More
Global miner BHP will hold on to the Australian nickel operations it previously put up for sale, while Rio Tinto is working on copper and lithium projects as the mining industry bets on demand for electric vehicle (EV) batteries.The biggest mining companies say they are well positioned to provide the metals needed for the shift to EV technology, although they acknowledge the political risks and en...Read More
Ralph Lauren stock recently breached its 320-day trendlineShares of retail giant Ralph Lauren Corp (NYSE:RL) are down 5.1% at $112.20 in early trading, despite the company reporting impressive fiscal fourth-quarter earnings and international sales. The pullback is in part due to adecline in North American revenue, on top of general fears around the effects of the U.S.-China tariff battle -- thoug...Read More
South Africa's Kumba Iron Ore Ltd said on Tuesday first-half headline earnings is expected to rise at least 160 percent, boosted by higher iron ore export prices and a weaker rand/U.S. dollar exchange rate.The company, a unit of Anglo American Plc, said headline earnings per share is expected to increase by at least 14.9 rand in the six months ending June 30, from 9.31 rand a year earlier.Headline...Read More
Rising meat prices could benefit Tyson FoodsDespite new competition from Walmart (WMT) and Beyond Meat (BYND), the shares of Tyson Foods, Inc. (NYSE:TSN) have still had a huge year, up 49% in 2019 to trade at $79.57. The outperformance has pushed the equity's 14-day Relative Strength Index (RSI) deep into overbought territory, last seen at 82. However, Credit Suisse weighed in on TSN stock this mo...Read More
U.S. import prices rose less than expected in April Futures on the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq-100 Index (NDX) are signaling a rebound this morning, after yesterday's intense, U.S.-China trade sell-off. The major stock market indexes suffered their worst session in months on Monday, after China retaliated with increased tariffs on $60 billion worth of U.S...Read More
The United States faces stiff challenges as it moves to create its own electric vehicle supply chain, industry analysts say, with the extent of the country's metal reserves largely unknown and only a few facilities to process minerals and produce batteries.Legislation making its way through the U.S. Congress aims to help offset those gaps, but China remains the global EV sector leader, a dominance...Read More
Commodity prices hurt this mining company's top line, but that alone doesn't suggest the company failed to shine brightly last quarter.Read full newsRead More
Global miner Rio Tinto (ASX, LON:RIO) may be ready to start mining lithium from its project in Jadar, Serbia in four years, but no decision will be made until the end of 2020, when the company expects to have completed a study on the deposit.The asset, near the town of Loznica, in western Serbia, gives Rio Tinto an option to supply the world's electrification needs, chief executive Jean-Sebasti...Read More
Global miner Rio Tinto (ASX, LON:RIO) may be ready to start mining lithium from its project in Jadar, Serbia in four years, but no decision will be made until the end of 2020, when the company expects to have completed a study on the deposit.The asset, near the town of Loznica, in western Serbia, gives Rio Tinto an option to supply the world's electrification needs, chief executive Jean-Sebasti...Read More
White Metal Resources (TSXV: WHM) announced that it entered into two binding letters of intent to purchase a 95% interest in certain prospective copper properties in Namibia.In a press release, the miner said that the two LOIs refer to four Exclusive Prospecting Licences that cover historical copper-silver resources in the Kalahari Copper Belt and the Kaoko Belt, and prospective targets for furthe...Read More
White Metal Resources (TSXV: WHM) announced that it entered into two binding letters of intent to purchase a 95% interest in certain prospective copper properties in Namibia.In a press release, the miner said that the two LOIs refer to four Exclusive Prospecting Licences that cover historical copper-silver resources in the Kalahari Copper Belt and the Kaoko Belt, and prospective targets for furthe...Read More
Erin Ventures (TSXV: EV) announced this week that it is ready to continue drilling at its Piskanja property in Serbia to advance the fundamentals of the boron project towards feasibility.In a press release, the Victoria, British Columbia-based miner said that management just finished putting together the next work program, which will be completed in approximately a 60-day period, once commenced.Ph...Read More