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

Kinross Gold (TSX: K, NYSE: KGC) released its first quarter results on Tuesday, and the world's no. 4 gold miner reported strong quarterly performance and said it is on track to meet 2019 annual guidance.Kinross reported first quarter gold equivalent production of 606,031 ounces, which is in line to meet 2019 guidance, targeted at 2.5 million ounces.Production cost per ounce was $682, a win for Ki...Read More

Kinross Gold (TSX: K, NYSE: KGC) released its first quarter results on Tuesday, and the world's no. 4 gold miner reported strong quarterly performance and said it is on track to meet 2019 annual guidance.Kinross reported first quarter gold equivalent production of 606,031 ounces, which is in line to meet 2019 guidance, targeted at 2.5 million ounces.Production cost per ounce was $682, a win for Ki...Read More

Kinross Gold (TSX: K, NYSE: KGC) released its first quarter results on Tuesday, and the world's no. 4 gold miner reported strong quarterly performance and said it is on track to meet 2019 annual guidance.Kinross reported first quarter gold equivalent production of 606,031 ounces, which is in line to meet 2019 guidance, targeted at 2.5 million ounces.Production cost per ounce was $682, a win for Ki...Read More

Short sellers are leaving this booming tech stock behindChina fears have sparked a risk-off session, sending the Cboe Volatility Index (VIX) to a multi-month high. Also making notable moves today are medical device concern Medtronic PLC (NYSE:MDT), EpiPen maker Mylan NV (NASDAQ:MYL), and computer manufacturer Cray Inc. (NASDAQ:CRAY). Below, we will dive into what is moving the shares of MDT, MYL...Read More

Jumia Technology went public in mid-AprilWhile Wall Street has been focused on other recent IPOs such as Lyft (LYFT) and Pinterest (PINS), Nigeria's Jumia Technology AG (NYSE:JMIA) also began trading in the U.S. last month. However, initial reviews on JMIA from analysts have mostly been negative, as we'll detail below. RBC was the first to weigh in on the e-commerce stock, setting a tepid "sector...Read More

The shares sounded a trusty bullish alarm ahead of earningsGlu Mobile Inc. (NASDAQ:GLUU) stock is down 18.1% at $9.19 today in reaction to the mobile game maker's quarterly earnings report. In the first quarter, GLUU broke even on a per-share basis -- missing the consensus estimate for a 5 cents per-share profit -- though revenue of $95.9 million beat expectations. The company also raised its full...Read More

MMM was oversold heading into today's drop, tooDow stock 3M Co (NYSE:MMM) is lower with the broader market today, likely due to China trade war jitters that have escalated in the last few days. At last check, MMM was down 1.9% to trade at $179.64 -- set for its lowest close since its December bottom of $176.87 -- but options traders have surfaced with a big focus on bullish calls. Specifically,...Read More

Put options are flying off the shelves todayShares of Israeli printer concern Kornit Digital Ltd (NASDAQ:KRNT) are plummeting today, after Spruce Point Management called the stock a "strong sell" and said it has 75% to 85% downside risk. Specifically, the bearish report noted that "printer orders delivered to Amazon in the U.S. have dramatically slowed" in 2019, and Spruce Point believes "Kornit w...Read More

TRUE hasn't closed a day lower in nearly two weeksAuto pricing concern TrueCar Inc (NASDAQ:TRUE) will report first-quarter earnings after the close on Thursday, May 9. Ahead of the event, the shares of TRUE have been in rebound mode, and haven't ended a session lower since April 24 -- nearly two weeks ago. However, the equity is now facing off with a familiar trendline, run-ups to which have acted...Read More

The retail stock has a history of big post-earnings upside movesEtsy Inc (NASDAQ:ETSY) has been quiet on the charts in recent weeks, per the stock's 30-day historical volatility of 31.2%, which registers in the low 11th annual percentile. However, ETSY shares tend to make big moves after the online retailer reports earnings, and with the Amazon rival's results due after the close this Wednesday, M...Read More

Desert Gold Ventures Inc. (TSXV:DAU, OTC:DAUGF, FKFT:QXR2.F)(Read full newsRead More

How bad is the trade war for materials investors? How about nearly $22 billions lost within day and a half - and counting.The S&P 500 Materials Index fell about 3.4 percent from Friday's close, after President Donald Trump threatened to raise tariffs on billions of dollars of imports from China. The total value lost for the index totaled about $22 billion since then, according to Bloomberg data. T...Read More

The VIX is approaching the 20 mark for the first time since JanuaryThe U.S. stock market is getting destroyed as investors worry about a growing trade war with China. These fears sent the Dow Jones Industrial Average (DJI) down more than 425 points at its session low, with all 30 Dow components trading in negative territory at last check. It's a similar setup for the S&P 500 Index (SPX) and Nasdaq...Read More

Lithium export prices from the world's second-largest producing nation fell in the first quarter, marking the first decline for the mineral that is key to electric vehicle batteries since at least 2014.Chile exported lithium carbonate at an average price of $12,183 per ton, 0.9 percent down from the same period a year earlier, according to data from Chilean customs compiled by Bloomberg. Prices ha...Read More

A trade dispute between China and the United States is the main issue causing volatility in metal prices and market participants are braced for stormy conditions to persist, industry sources said in Hong Kong this week.A swift deterioration in China-U.S. trade talks hit global financial markets this week as investors faced the prospect of an escalation rather than an end to a 10-month-old trade wa...Read More

A trade dispute between China and the United States is the main issue causing volatility in metal prices and market participants are braced for stormy conditions to persist, industry sources said in Hong Kong this week.A swift deterioration in China-U.S. trade talks hit global financial markets this week as investors faced the prospect of an escalation rather than an end to a 10-month-old trade wa...Read More

Norwegian pension fund manager KLP has sold 3.2 billion crowns ($366 million) of bond and equity exposure in 46 companies, including leading miners BHP and Anglo American, after a decision to withdraw from thermal coal. Fund managers have become increasingly reluctant to risk investing in companies linked to fossil fuels or other activities regarded as unsustainable as popular pressure mounts for...Read More

eBay outpaced the broader S&P 500 Index in recent monthsOnline retailer eBay Inc (NASDAQ:EBAY) saw its stock bounce from the put-heavy $36 level recently thanks to strong earnings, sending the shares gapping back above the 40-day moving average, a trendline that previously acted as resistance in 2018. Despite a strong run higher in recent months, with EBAY roughly doubling the performance of the b...Read More

The stock is down more than 35% in early tradingCatalyst Pharmaceuticals Inc (NASDAQ:CPRX) stock is suffering steep losses this morning, down 38.8% at $3.74, after rival Jacobus Pharmaceuticalreceived approval from the Food & Drug Administration (FDA) for its Ruzurgi drug to treat children with rare auto-immune disorder Lambert-Eaton Myasthenic Syndrome (LEMS). What's more, CPRX put volume is pac...Read More

Copper production at Chile's top mines dropped sharply in the first quarter of 2019, Chilean copper commission Cochilco said on Tuesday, amid a perfect storm of operational issues, heavy rains and falling ore grades at the largest deposits.Cochilco said world top copper miner Codelco saw output drop 17% from the same period in 2018 to 371,000 tonnes.BHP's Escondida copper mine - the world's larges...Read More