The precious metals all soared in 2025, and while a continued monetary expansion and geopolitical risk could still drive gains especially for gold in 2026, a pullback in silver, platinum and palladium is possible after recent partly speculative surges.Read More

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

BPTH stock is up 553% year-to-dateThe shares of Bio-Path Holdings Inc (NASDAQ:BPTH) jumped more than 34% out of the gate, marking the biotech's first trek above the round $20 mark since April 3. Boosting the shares is Bio-Path's request to the Securities and Exchange Commission (SEC) to withdraw a stock offering, after issuing a prospectus filing in March.More recently, BPTH stock has accelerated...Read More

The U.S. Commerce Department has submitted to the White House the results of a national security investigation into uranium imports, a spokesman for the department said on Monday.The "Section 232" probe was prompted by a petition filed by two U.S. uranium mining companies, Ur-Energy Inc and Energy Fuels Inc, complaining that subsidized foreign competitors, including Russia and Kazakhstan, have cau...Read More

The U.S. Commerce Department has submitted to the White House the results of a national security investigation into uranium imports, a spokesman for the department said on Monday.The "Section 232" probe was prompted by a petition filed by two U.S. uranium mining companies, Ur-Energy Inc and Energy Fuels Inc, complaining that subsidized foreign competitors, including Russia and Kazakhstan, have cau...Read More

Analysts and options traders alike are bullish on SPOTThe shares of Spotify Technology SA (NYSE:SPOT) are down 4.2% to trade at $138.91 this morning, under pressure from news of increased competition in the streaming space. More specifically, on late Friday Billboard reported Amazon.com (AMZN) plans to launch a free, ad-supported music-streaming service. Amazon will be able to market its new offe...Read More

The shares of MKTX and TW have been solid on the chartsFintech stocks MarketAxess Holdings Inc. (NASDAQ:MKTX) and Tradeweb Market Inc (NASDAQ:TW) are in focus this morning after an analyst note out of Rosenblatt Securities. The brokerage firm sees ongoing growth trends for the businesses thanks to expanded electronic trading adoption and analytics capabilities, calling MKTX and TW "unique assets"...Read More

CFO Corie Barry will replace Hubert Joly as BBY CEOThe shares of Best Buy Co Inc (NYSE:BBY) are down slightly in early trading after the electronics retailer announced that current Chief Financial Officer (CFO) Corie Barry would take the place of Hubert Joly as CEO. Joly has served as CEO since 2012, and is stepping down to serve as the executive chairman of the company. As a result, BBY stock is...Read More

Back in the 1970s and 1980s when he was keeping America's nuclear weapons up to date, Robert Kelley didn't pay much attention to their source of uranium.But then he was reassigned to lead the international team that accounted for the of hundreds of tons of the heavy metal Iraq secretly extracted at a fertilizer factory to feed Saddam Hussein's weapons program.That discovery at the Al-Qaim phosphat...Read More

A strategic investment by BHP Billiton Canada in Midland Exploration (TSXV: MD) will support the junior company's work on copper exploration in northern Quebec including at its Mythril copper-gold-molybdenum-silver project in James Bay Eeyou Istchee.BHP is acquiring 3.44 million units of Midland at $1.70 per unit for $5.9 million. Each unit consists of one common share and one common share purchas...Read More

A strategic investment by BHP Billiton Canada in Midland Exploration (TSXV: MD) will support the junior company's work on copper exploration in northern Quebec including at its Mythril copper-gold-molybdenum-silver project in James Bay Eeyou Istchee.BHP is acquiring 3.44 million units of Midland at $1.70 per unit for $5.9 million. Each unit consists of one common share and one common share purchas...Read More

A strategic investment by BHP Billiton Canada in Midland Exploration (TSXV: MD) will support the junior company's work on copper exploration in northern Quebec including at its Mythril copper-gold-molybdenum-silver project in James Bay Eeyou Istchee.BHP is acquiring 3.44 million units of Midland at $1.70 per unit for $5.9 million. Each unit consists of one common share and one common share purchas...Read More

Trafigura Group Ltd. will take control of Nyrstar NV, Europe's biggest zinc smelter, as part of a deal to restructure the struggling company's debt and steer it away from bankruptcy.Under the agreement, Trafigura - Nyrstar's main shareholder as well as a top supplier, customer and financier - offered a package of its own debt securities to Nyrstar's creditors in exchange for them writing off debt....Read More

If you were looking for evidence that China's economy has lost momentum, you may be tempted to think that you've found it in the unimpressive growth, or lack thereof, in imports of major commodities in the first quarter.Customs data for the first quarter show only crude oil has recorded significant growth in import volumes in the first quarter, with copper data mixed and iron ore and coal dropping...Read More

Citigroup, meanwhile, is higher after earningsDow Jones Industrial Average (DJI) futures are trading below fair value this morning, with the blue-chip index poised to take a breather after Friday's big gains. Bank earnings remain in focus today, with Goldman Sachs (GS) stock lower ahead of the bell after the financial firm reported weaker-than-expected revenue. A quarterly profit beat for Citigrou...Read More

Katanga Mining Ltd, a unit of Glencore Plc, said on Monday it resumed exporting and selling a limited quantity of cobalt from its Kamoto Project in the Democratic Republic of Congo (DRC).The company said in November it had temporarily suspended the export and sale of cobalt from the project after uranium was found in levels above the acceptable limit for export.Katanga said on Monday it produced a...Read More

Multi-commodity developer Savannah Resources (AIM:SAV) will become the sole owner of Mina do Barroso lithium project in Portugal through an all-share offer worth $11.9 million.The London, England-based company, which already owns 75% of the asset, said full ownership would "provide greater exposure" for its shareholders to the project as it's developed and commercialized.Mina do Barroso mine cou...Read More

Fission Uranium (TSX: FCU) has tabled a prefeasibility study (PFS) for its Patterson Lake South uranium project in Saskatchewan's Athabasca region, outlining an open pit and underground hybrid operation. It's working on a preliminary economic assessment (PEA)-level underground only scenario that it says could offer improved economics.The PFS assigns the project a $693 million after tax net present...Read More

How you can transform lagging indicators into leading indicators.Many traders are tired of repeating the same mistakes over and over again, but are unsure how to break the cycle of bad decisions that lead to mediocre, or even poor results.And even the supposed "market gurus" or "experts" don't have the answer... or if they do, it's "all flash and no substance."But there is a REAL solution.While ot...Read More

Large speculators have an extreme net short position as the VIX tests 2018's floor"It's hedge funds, who have stubbornly refused to embrace stocks even as global equities added $10 trillion in value over the last three months. At the end of March, their net exposure as measured by the ratio of bullish bets to bearish ones stood near the lowest level in more than a year, client data compiled by JPM...Read More

Canada's Lundin Mining (TSX:LUN) has agreed to acquire a copper-gold operation in Brazil from fellow miner Yamana Gold (NYSE: AUY), (TSE: YRI) in a $1 billion-deal as it looks to beef up its base metals portfolio.The Chapada mine, in the northwest Brazilian state of Goi??s, began production in 2007 and is expected to churn out about 54,500 tonnes of copper and 100,000 ounces of gold this year.The...Read More

Canada's Lundin Mining (TSX:LUN) has agreed to acquire a copper-gold operation in Brazil from fellow miner Yamana Gold (NYSE: AUY), (TSE: YRI) in a $1 billion-deal as it looks to beef up its base metals portfolio.The Chapada mine, in the northwest Brazilian state of Goi??s, began production in 2007 and is expected to churn out about 54,500 tonnes of copper and 100,000 ounces of gold this year.The...Read More