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

Arctic Star Exploration of Vancouver has begun this year's exploration program at the 40% owned Diagras joint venture diamond property near Lac des Gras, NWT. Margaret Lake Diamonds holds the remaining 60% and is the project operator.The Diagras property covers 22,595 hectares with a total of 23 known kimberlites on trend with the Diavik mine. This year's work will include gravity, magnetic and el...Read More

Australian conglomerate Wesfarmers Ltd said on Tuesday it made a bid to acquire rare earths miner Lynas Corporation Ltd for A$1.50 billion ($1.07 billion) in cash.Under the proposal, Lynas shareholders will receive A$2.25 per share, Wesfarmers said in a statement.($1 = 1.4069 Australian dollars)(By Aditya Soni; Editing by Matthew Lewis)Read More

A look at the 25 best stocks to own in AprilThe S&P 500 Index (SPX) is on pace to end March with a modest 0.4% gain, which would mark theindex's third straight month in the black. Looking ahead, April tends to bode well for Wall Street, with the SPDR S&P 500 ETF Trust (SPY) -- an exchange-traded fund (ETF) that mimics the S&P 500 -- ending the month higher nine of the past 10 years. Below, we take...Read More

Plus, Google is toying with change that could impact Trade Desk and CriteoThe Dow is clinging to slight gains at midday, propped up byRobert Mueller's report. Of the stocks making particular noise today, digital advertising experts Trade Desk Inc (NASDAQ:TTD) and Criteo SA (ADR) (NASDAQ:CRTO) are lower, while athletic apparel stock Nike Inc (NYSE:NKE) is in the news. Here's a quick look at what's...Read More

Analysts have been extremely optimistic toward Citigroup stockBanking giant Citigroup Inc (NYSE:C) is extending last week's weakness -- down 0.6% at $60.63, and pacing for a fifth straight loss -- after a dovish Fedand an inverted yield curve created headwinds for the financial sector. However, the stock remains 16% higher year-to-date, and its recent pullback has it trading near a historically b...Read More

The shares of TSLA are in the red after RBC issued a price-target cutIt's been a troubling couple of days forTesla Inc (NASDAQ:TSLA), after the New York Times on Friday reported that the electric automaker's sales have dropped considerably since the start of the year, according to new-car registration data from the Dominion Cross-Sell Report. Elsewhere, RBC today slashed its price target on TSLA...Read More

Stocks are attempting to recover some of Friday's steep lossesU.S. stocks are cautiously higher at midday. Trade-sensitive Caterpillar (CAT) is the top stock on theDow Jones Industrial Average (DJI), as Wall Street awaits news from the latest round of U.S.-China trade talks. Speculators are also optimistic after Robert Mueller found no evidence that President Donald Trump colluded with Russia. On...Read More

Chilean state miner Codelco said on Monday it had terminated its contract with Canadian company SNC-Lavalin Group Inc at its Chuquicamata mine in northern Chile, accusing the engineering firm of failing to comply with its work commitments at the world's largest open pit mine.World top copper miner Codelco said the $260 million contract with SNC-Lavalin had included engineering, supply and construc...Read More

Chilean state miner Codelco said on Monday it had terminated its contract with Canadian company SNC-Lavalin Group Inc at its Chuquicamata mine in northern Chile, accusing the engineering firm of failing to comply with its work commitments at the world's largest open pit mine.World top copper miner Codelco said the $260 million contract with SNC-Lavalin had included engineering, supply and construc...Read More

AAPL is expected to unveil its new streaming services at an event later todayOptions volume is accelerated on Apple Inc. (NASDAQ:AAPL) this morning, ahead of the today's highly anticipated event, where the tech titan is expected to unveil details for its new video and news streaming services. At last check, around 219,000 calls and 153,000 puts have changed hands on AAPL stock -- nearly double wha...Read More

Chile said on Monday it would shortly begin accepting bids from local and foreign companies seeking to develop battery materials within the South American nation using discounted Chilean lithium provided by top miner SQM.Chilean authorities struck a deal in January 2018 with SQM that ended a long-running dispute over royalty payments and allowed the miner to boost production from Chile's Salar de...Read More

Some options traders have been betting on upside for KBRThe shares ofKBR, Inc. (NYSE:KBR) are trading down 0.6% at $18.16, despite news the company won a nearly $96 million contract to supply cybersecurity and engineering services to the U.S. military. This just extends the selling seen on Friday that pushed the equity down 4.6% and below the 200-day moving average, which had briefly stepped up as...Read More

Canopy Growth scored a license for its New Brunswick production facilityCanopy Growth Corp (NYSE:CGC) stock was up nearly 1.9% out of the gate, after the cannabis producer received a license from Health Canada to increase cultivation at its facility in New Brunswick. The company hopes to boost production by more than 5,000 kilograms annually, with the first harvest expected within six months. Am...Read More

SRPT was initially higher after an update on its DMD treatment The shares of Sarepta Therapeutics Inc (NASDAQ:SRPT) were higher in pre-market trading, after the biopharmaceutical company gave a positive update on an early study of its Duchenne muscular distrophy (DMD) gene therapy treatment. However, SRPT stock has since reversed lower, last seen down 3.5% at $118.SRPT stock just hit a four-month...Read More

The brokerage firm also downgraded the cloud stock to "sell"Deutsche Bank downgraded Akamai Technologies, Inc. (NASDAQ:AKAM) stock to "sell" from "hold," and slashed its price target to $58 from $64 -- the lowest on Wall Street. This bearish tilt echoes last week's comments from Cowen, which said AKAM stock slid to the number 23 spot on its "conviction list," after coming in fifth last November.To...Read More

DERM has already added 80% since JanuaryDermatological biopharma Dermira Inc (NASDAQ:DERM) is up 2.6% at $13.33 in early trading, after receiving multiple bull notes in response to its "Life Unfolds" campaign, which shines a light on its excessive underarm sweat treatment, the Qbrexa cloth. Ahead of today's bull notes, however, DERM was already enjoying the positive impact of a March 18 announcem...Read More

Platinum miner Lonmin does not have sufficient liquidity to fund the new projects needed to avoid shaft closures and job losses, it said on Monday as it urged shareholders to back its proposed takeover by Sibanye-Stillwater.The London-listed company, crippled by soaring costs and subdued platinum prices, has been cutting spending to conserve cash and retain a positive balance sheet required by con...Read More

Top U.S. trade negotiators are in Beijing this weekDow Jones Industrial Average (DJI) futures are pointed slightly higher this morning, after Special Counsel Robert Mueller's investigation into Russian interference in the 2016 U.S. presidential election found no evidence of collusion on the part of President Donald Trump's campaign. This is helping offset fears of a global recession that were spa...Read More

Mining giants Rio Tinto, BHP Group and Fortescue Metals said their Australian operations had suffered some impact after two cyclones hit the country over the weekend, with clean up starting on Monday in the wake of the storms.Cyclone Veronica has been weakening after battering Australia's northwest, while further east, Cyclone Trevor was downgraded to a low pressure system on Sunday.A state of eme...Read More

Gold miner Caledonia Mining is seeking ways to deepen its investment in Zimbabwe even though a currency crisis has dented its earnings and bureaucracy has slowed the company's purchase of an increased stake.The end of Robert Mugabe's rule in 2017 after an army coup led to a rush of excitement that miners would flood in to develop the nation's mineral wealth.The end of Robert Mugabe's rule in 2017...Read More