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
Canadians now collectively owe C$2.16 trillion, which as a share of GDP is the highest debt load in the Group of Seven economies.Read full newsRead More
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis. Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2019 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intellig...Read More
A weak jobs report for March could spark more fears about the U.S. economyThe earnings calendar for next week is relatively quiet, save for releases from Dow component Walgreens Boots Alliance (WBA) and beer maker Constellation Brands (STZ). However, Friday's nonfarm payrolls report for March more than makes up for that, as Wall Street will continue to gauge the health of the U.S. economy amid fea...Read More
Russian nickel and palladium producer Norilsk Nickel (Nornickel) said it will invest up to 90 billion roubles ($1.4 billion) over four years in two major projects in Russia.The projects - expansion and reconstruction of the Talnakh ore concentrator and development of the South Cluster mine - come as Nornickel aims to ramp up nickel output and tap an expected boom in demand from electric vehicle ma...Read More
Chile's state miner Codelco, the world's No.1 copper producer, plans to boost production at its El Teniente mine to more than 500,000 tonnes per year by 2025, a first in the operation's history.The production increase would position the mine, which produced 465,000 tonnes of the red metal in 2018, among the world's five largest copper operations, local paper El Mercurio reports.El Teniente is the...Read More
Heavy AMRN call buying could be the result of short sellers hedgingAmarin Corporation (NASDAQ:AMRN) stock is up 4.5%% to trade at $18.75, after the American Diabetes Association (ADA) recommended Vascepa, Amarin's fish oil-based triglyceride treatment, for patients with diabetes and certain types of heart disease. Jefferies called the decision an "incremental positive," while Cantor Fitzgerald re...Read More
The apparel company posted fourth-quarter earnings and revenue that beat analyst expectationsThe shares of apparel concern PVH Corp (NYSE:PVH) are soaring -- up 15.2% at $127.72 -- after the company posted fourth-quarter earnings and revenue that beat analysts expectations. PVH said social media influencers, like Kendall Jenner, have helped accelerate sales of its Tommy Hilfiger and Calvin Klein b...Read More
Loop Capital: FIVE stock is a "must own"Shares of bargain retailer Five Below Inc (NASDAQ:FIVE) are up nearly 7% at $128.15 this morning, after the company reported a fourth-quarter earnings beat. Analysts have been quick to respond, with no fewer than six price-target hikes for FIVE, including to $133 from $132 at Dougherty. In addition, Loop Capital reiterated a "buy" rating and $145 price targ...Read More
If you haven't seen the popular animated film franchise, you'd be forgiven for not knowing much about Madagascar, but that could be changing very soon. Graphite, as one of the most conductive materials, is set to be key to our sustainable future, and recent exploration in Southern Madagascar has identified the Ampanihy structure zone as what could soon become a global hub of battery-suitable graph...Read More
Small miners are finding it increasingly difficult to raise capital to fund new ventures despite the positive demand outlook for several commodities and a world still largely awash with cheap credit.The problems facing these 'junior' mining explorers may also have implications beyond a bunch of seemingly inconsequential companies struggling to progress. How they cope is likely to affect how the mi...Read More
Many analysts believe the stock can doubleThe shares of immunotherapy stock Affimed NV (NASDAQ:AFMD) saw a small pop on Wednesday following the company's full-year 2018 financial report. Analysts at BMO were impressed enough to lift their price target to $7 from $6, and SVB Leerink began coverage on the healthcare concern with an "outperform" designation and $8 price target.Such attention from the...Read More
The U.S. and China have reportedly made "unprecedented" progress on trade talksDow Jones Industrial Average (DJI) futures are perched just below fair value this morning. Investors are digesting a 2.2% rise in fourth-quarter gross domestic product (GDP) --on par with estimates, but downwardly revised from the previous reading of 2.6%. Trade talks between the U.S. and China are also in focus, after...Read More
South African mining companies are challenging parts of a government charter aimed at redistributing the country's mineral wealth, saying it will deter new investment in the industry.The charter is in breach of a court order issued last April, which ruled that previous versions of the regulations didn't require miners to top up black-shareholding levels if they previously met a minimum 26 percent...Read More
South African mining companies are challenging parts of a government charter aimed at redistributing the country's mineral wealth, saying it will deter new investment in the industry.The charter is in breach of a court order issued last April, which ruled that previous versions of the regulations didn't require miners to top up black-shareholding levels if they previously met a minimum 26 percent...Read More
South African mining companies are challenging parts of a government charter aimed at redistributing the country's mineral wealth, saying it will deter new investment in the industry.The charter is in breach of a court order issued last April, which ruled that previous versions of the regulations didn't require miners to top up black-shareholding levels if they previously met a minimum 26 percent...Read More
Africa-focused Firestone Diamonds (LON:FDI) has put plans to extend the life of its 75%-owned Liqhobong mine in Lesotho on the back burner, saying that current market conditions don't support the project.The company, which reported 2019 interim results on Thursday, managed to limit its losses in the six months to December 31, 2018, despite a global price slump for smaller, lower-value diamonds.Fi...Read More
Africa-focused Firestone Diamonds (LON:FDI) has put plans to extend the life of its 75%-owned Liqhobong mine in Lesotho on the back burner, saying that current market conditions don't support the project.The company, which reported 2019 interim results on Thursday, managed to limit its losses in the six months to December 31, 2018, despite a global price slump for smaller, lower-value diamonds.Fi...Read More
The Federal Government of Australia today launched the Critical Minerals Strategy 2019, aimed at putting emphasis on what politicians call "the industries of the future." In their view, these sectors include agritech, aerospace, defense, renewable energy and telecommunications."We have some of the world's richest stocks of critical minerals and while the market for some of our minerals such as lit...Read More
The Federal Government of Australia today launched the Critical Minerals Strategy 2019, aimed at putting emphasis on what politicians call "the industries of the future." In their view, these sectors include agritech, aerospace, defense, renewable energy and telecommunications."We have some of the world's richest stocks of critical minerals and while the market for some of our minerals such as lit...Read More
The Federal Government of Australia today launched the Critical Minerals Strategy 2019, aimed at putting emphasis on what politicians call "the industries of the future." In their view, these sectors include agritech, aerospace, defense, renewable energy and telecommunications."We have some of the world's richest stocks of critical minerals and while the market for some of our minerals such as lit...Read More