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

The mining stock is also poised for its best week since JulyThe Dow is headed for its first weekly loss of 2019 on concerns over U.S.-China trade negotiations. Among individual names making notable moves are FAANG stock Amazon.com, Inc. (NASDAQ:AMZN), mining firm Cleveland-Cliffs Inc (NYSE:CLF), and SurveyMonkey founder SVMK Inc (NASDAQ:SVMK). Here's a quick look at what's moving the shares of AMZ...Read More

The global aluminium market will see a number of deficits over the next few years as solid demand growth, driven by the construction and autos sectors, outpaces production growth, a new aluminium supply and demand outlook by Fitch Solutions reports.The global aluminium demand outlook will benefit from solid construction industry growth and growing roles in autos as a lightweight substitute for ste...Read More

Gold prices finished higher on Friday, paring an already modest weekly loss as weakness in global stocks boosted haven demand for the commodity. The yellow metal saw some so-called short covering to end the week, finding support from the threat of another U.S. government shutdown, with temporary funding expiring on Feb. 15, and intensifying concerns surrounding Brexit, said George Gero, managing d...Read More

Gold prices finished higher on Friday, paring an already modest weekly loss as weakness in global stocks boosted haven demand for the commodity. The yellow metal saw some so-called short covering to end the week, finding support from the threat of another U.S. government shutdown, with temporary funding expiring on Feb. 15, and intensifying concerns surrounding Brexit, said George Gero, managing d...Read More

EA options volume is extremely high todayThe shares of Electronic Arts Inc. (NASDAQ:EA) are having a huge session thanks to positive buzz surrounding the company's new battle royale game "Apex Legends," which it says already has 10 million players. EA shares were last seen up 13.6% at $95.51, breaking through a tough ceiling from recent weeks near the $93 level and more than making up for their ea...Read More

Looking ahead, traders will keep an eye on D.C. ahead of the shutdown deadlineThe first full week of February started on a high note, though volume was initially light as traders recovered from the most boring Super Bowl ever (don't @ us, Pats fans). However, after two straight triple-digit gains, the Dow Jones Industrial Average (DJI) spent the latter half of the week in the red, amid renewed con...Read More

Wall Street's "fear gauge" is pacing for its first weekly advance of 2019The Dow Jones Industrial Average (DJI) is down nearly 250 points at midday, on track to bring its weekly winning streak of six to a halt amid mounting U.S.-China trade tensions. The Wall Street Journal earlier reported that a trade deal draft has not even yet been agreed upon, casting further doubts ahead of the March 1 de...Read More

Gold stocks' young upleg is gathering steam, marching steadily to higher lows and higher highs. These bullish technicals are gradually improving sentiment, fueling mounting interest in this contrarian sector. That's helping the gold stocks regain lost ground relative to gold, the driver of their profits. Fundamentals are growing more favorable as gold itself powers higher. All this portends much-b...Read More

Analysts are already bullish on the two stocksBTIG is chiming in on healthcare names today, and for gene editing stocks Editas Medicine Inc (NASDAQ:EDIT) and Intellia Therapeutics Inc (NASDAQ:NTLA), this resulted in fresh "buy" ratings and impressive price targets. Both EDIT and NTLA are capitalizing on the bull notes, though the latter is still pacing toward a third straight weekly loss.EDIT Put...Read More

The oil concern appointed Olivier Le Peuch as its new COOThe shares of Schlumberger Limited (NYSE:SLB) are down 1.4% at $42.85, after the oil concern appointed Olivier Le Peuch as its new chief operating officer (COO) this morning. Le Peuch was formerly Executive Vice President Reservoir & Infrastructure. Today, the stock is pacing for its third straight loss and its lowest close since a Jan. 18 p...Read More

A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More

Glencore is cutting the workforce at its Mutanda copper and cobalt mine in the Democratic Republic of Congo to lower costs before a possible shift in production methods, according to people familiar with the matter.The company is studying the economic viability of those deposits, given rising production costs and an uncertainty political environment in CongoLabour unions met on Friday to discuss t...Read More

Arconic said on Friday it would split into two companies and slashed its quarterly dividend by two-thirds, just weeks after the U.S. aluminum products maker spurned a buyout offer from Apollo Global Management.The company, formed following a split of Aloca Corp in 2016, plans to spin off one of its core divisions later.The board sees more shareholder value creation through a restructuring of the c...Read More

The company is slated to report earnings on Valentine's DayThe shares of Outback parent Bloomin' Brands Inc (NASDAQ:BLMN) are lower this morning, after BofA-Merrill Lynch downgraded the stock to "underperform" from "neutral." The brokerage firm also cut its price target to $17 from $23, representing a discount to BLMN's close of $19.17 on Thursday. BofA-Merrill Lynch said the restaurant company wi...Read More

United States Steel Corporation founded Gary, Indiana in 1906 - naming it after co-founder Elbert Henry Gary - and the city's fortunes have been closely tied to the company ever since.When the firm started losing business to cheap Asian imports in the 1970s, waves of layoffs followed as Gary became a haven of blight, crime and lost population.Last year, the city harbored hopes for a revival after...Read More

Zimbabwean gold miner RioZim said on Friday it had suspended production at its three mines for the second time in four months because the central bank had failed to pay it in U.S. dollars for part of its gold deliveries.Gold producers in the southern African country sell their output to central bank subsidiary Fidelity Printers and Refiners and are supposed to be paid 55 percent of their earnings...Read More

Zimbabwean gold miner RioZim said on Friday it had suspended production at its three mines for the second time in four months because the central bank had failed to pay it in U.S. dollars for part of its gold deliveries.Gold producers in the southern African country sell their output to central bank subsidiary Fidelity Printers and Refiners and are supposed to be paid 55 percent of their earnings...Read More

Glencore's Zambian unit Mopani Copper Mines Plc said on Friday it had suspended operations at its Mindola north shaft after three workers were killed in a fire accident.Mopani is one the biggest mining companies in Zambia - Africa's No. 2 producer of the metal - with an output of around 100,000 tonnes a year. It was not immediately clear how much production would be lost owing to the suspended pro...Read More

Ecuador-focused explorer SolGold (LON, TSX:SOLG) said Friday it was "surprised and disappointed" at how quickly Cornerstone Capital Resources (TSX-V:CGP) dismissed a takeover approach, adding that it will bring the offer directly to the target's shareholders.Last month, SolGold put forward what it called a "premium" offer for Cornerstone's 15% share of the Cascabel copper-gold project in exchange...Read More

Ecuador-focused explorer SolGold (LON, TSX:SOLG) said Friday it was "surprised and disappointed" at how quickly Cornerstone Capital Resources (TSX-V:CGP) dismissed a takeover approach, adding that it will bring the offer directly to the target's shareholders.Last month, SolGold put forward what it called a "premium" offer for Cornerstone's 15% share of the Cascabel copper-gold project in exchange...Read More