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

Hospital operators CYH, HCA, and UHS are in focus todayThe healthcare sector has been under pressure lately due to growing talk of Medicare for all. Today, however, many in the group are gaining thanks to proposed changes to Medicare reimbursement rates, including a roughly 3.5% increase in payments to hospitals for inpatient services, which brokerage firm Jefferies says would be the largest incre...Read More

One trader seems to have executed a bearish ratio spread todayThe shares of Tyson Foods, Inc. (NYSE:TSN) are down 1.4% to trade at $73.56 today, after Walmart (WMT) announced it was creating its own Angus beef supply chain. Walmart intends for its products to share shelf space and be similarly priced as Tyson's. Also, Tyson also announced it was selling its stake in Beyond Meat, a plant-based pr...Read More

Traders are betting on new highs for the rumored Apple partnerThe shares of semiconductor concern Amkor Technology, Inc. (NASDAQ:AMKR) are within striking distance of new annual highs, amid rumors the company has been chosen as the primary supplier for Apple's (AAPL) next generation of AirPods. MacRumors reported that analyst Ming-Chi Kuo expects two new AirPod models to begin production as early...Read More

Both names will report first-quarter earnings tomorrow morningIt's a busy week for Cleveland-Cliffs Inc (NYSE:CLF), with the mining firm hosting its annual shareholders meeting today, and reporting first-quarter earnings before the market opens tomorrow, April 25. At last check, CLF stock was trading up 0.6% at $9.55, but could be in for a bigger move tomorrow, if history is any guide.Trade-Alert...Read More

Lululemon just outlined its five-year plan for revenue growthAhead of today's annual analyst day, Lululemon Athletica inc. (NASDAQ:LULU) unveiled its strategic plan to accelerate growth in the next five years. The athletic apparel retailer will continue to focus on its women's and accessories divisions, while doubling revenues in its men's and digital businesses and quadrupling international reven...Read More

Traders are weighing earnings from Caterpillar and BoeingThe Dow Jones Industrial Average (DJI) has remained relatively static, as Wall Street weighs the latest batch of corporate earnings reports. Caterpillar (CAT) is the biggest blue-chip laggard today, with CAT shares down after earnings, while Boeing (BA) stock is flirting with modest post-earnings gains. Elsewhere, the Nasdaq Composite (IXI...Read More

Global aluminium production flatlined in the first quarter of this year, according to the International Aluminium Institute (IAI).A couple of long-running outages together with curtailments in Europe caused production outside China to dip 1.4% to 6.37 million tonnes in the first three months of 2019.Chinese production, a complex moving picture of price-induced curtailments, pollution controls and...Read More

AAPL has added 31% year-to-dateShares of Apple Inc. (NASDAQ:AAPL) are up 0.2% at $207.92, after the tech giant received price-target hikes fromanalysts. The bull notes come just ahead of the company's earnings report, which is slated for after the market closes next Tuesday, April 30. Late last night, Morgan Stanley raised its outlook, hiking its price target to $234 from $220. Meanwhile, Goldman...Read More

GD and NOC are in focus this morning after the companies' quarterly reportsOn Tuesday, Lockheed Martin (LMT) stock shot higher on a well-received earnings release, closing the day up 5.7%. This helped lift sector peers General Dynamics Corporation (NYSE:GD) and Northrop Grumman Corporation (NYSE:NOC) above their 200-day moving averages for the first time in months. Now, while LMT enjoys some posit...Read More

The energy shares are lower on a big buyout offer for APCThe shares of Occidental Petroleum Corporation (NYSE:OXY) are down 3.4% at $60.21, after the Houston, Texas-based oil and gas firm put in a $57 billion cash-and-stock bid for Anadarko Petroleum (APC) -- topping rival Chevron's (CVX) offer made earlier this month. OXY's proposal equates to $76 per APC share, an 18.7% premium to last night's c...Read More

South Africa's labour registrar said he intended to de-register the militant AMCU trade union for breaking rules on how unions should operate, a move which could reshape the balance of power on the country's platinum belt.The Association of Mineworkers and Construction Union (AMCU), one of the largest trade unions in South Africa's mining sector, has thousands of members at mines operated by compa...Read More

India's central bank is likely to join counterparts in Russia and China scooping up gold this year, adding to its record holdings and lending support to worldwide bullion demand as top economies diversify their reserves.The Reserve Bank of India's purchases are part of a wider picture across developing economies that are looking at de-dollarizing their foreign-exchange reserves, according to Ross...Read More

A whopping 14 brokerages have already issued price-target hikesOne of today's big earnings winners is eBay Inc (NASDAQ:EBAY), after the online retailer's first-quarter adjusted profit came in at 67 cents per share, topping the consensus estimate of 63 cents per share.The company's quarterly revenue of $2.6 billion came in above expectations, and eBay also upped its full-year profit and revenue ou...Read More

The biopharma name reported first-quarter earnings that beat expectations Drugmaker Biogen Inc (NASDAQ:BIIB) reported first-quarter earnings and revenue that exceeded analysts' expectations. The company cited strong growth from its spinal atrophy treatment, Spinraza, but sales of multiple sclerosis drug Tecfidera fell short of estimates. As a result, BIIB shares started the session higher, but wer...Read More

Anglo American Plc is no longer a darling at JPMorgan Chase & Co.After almost three years of rating the mining giant's stock as overweight, the firm downgraded it to neutral on Wednesday citing a trio of concerns - shares no longer look as cheap, the company's 2020 earnings may see a cut and capital returns may be constrained in the first half of the year. Shares slid as much as 3 percent in Londo...Read More

Anglo American Plc is no longer a darling at JPMorgan Chase & Co.After almost three years of rating the mining giant's stock as overweight, the firm downgraded it to neutral on Wednesday citing a trio of concerns - shares no longer look as cheap, the company's 2020 earnings may see a cut and capital returns may be constrained in the first half of the year. Shares slid as much as 3 percent in Londo...Read More

The S&P is signaling a higher startDow Jones Industrial Average (DJI) futures are trading below fair value this morning, as a negative earnings reaction for Caterpillar (CAT) offsets a post-earnings pop for Boeing (BA) stock. At last check, CAT shares were down 2.4% in electronic trading, despite a first-quarter adjusted earnings and revenue beat. BA stock is up 1.7%, as the 737 Max planemaker's i...Read More

BHP, Barrick Gold, Teck Resources and Antofagasta are a few of the major mining companies that, together with equipment suppliers and universities, have helped develop global guidelines on automation.The document, published this week by Canada-based Global Mining Guidelines Group (GMG), outlines a framework for miners to follow when considering adding autonomous equipment to their operations. It a...Read More

BHP, Barrick Gold, Teck Resources and Antofagasta are a few of the major mining companies that, together with equipment suppliers and universities, have helped develop global guidelines on automation.The document, published this week by Canada-based Global Mining Guidelines Group (GMG), outlines a framework for miners to follow when considering adding autonomous equipment to their operations. It a...Read More

BHP, Barrick Gold, Teck Resources and Antofagasta are a few of the major mining companies that, together with equipment suppliers and universities, have helped develop global guidelines on automation.The document, published this week by Canada-based Global Mining Guidelines Group (GMG), outlines a framework for miners to follow when considering adding autonomous equipment to their operations. It a...Read More