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

Pan American Silver (TSX: PAAS) announced Tuesday that shareholders overwhelmingly (98%) approved the resolution to increase the maximum number of authorized shares of Pan American and the resolution to issue up to 72,533,152 Pan American shares in connection with the proposed plan of arrangement that Pan American will acquire all of the issued and outstanding shares of Tahoe Resources.Tahoe share...Read More

Pan American Silver (TSX: PAAS) announced Tuesday that shareholders overwhelmingly (98%) approved the resolution to increase the maximum number of authorized shares of Pan American and the resolution to issue up to 72,533,152 Pan American shares in connection with the proposed plan of arrangement that Pan American will acquire all of the issued and outstanding shares of Tahoe Resources.Tahoe share...Read More

Pan American Silver (TSX: PAAS) announced Tuesday that shareholders overwhelmingly (98%) approved the resolution to increase the maximum number of authorized shares of Pan American and the resolution to issue up to 72,533,152 Pan American shares in connection with the proposed plan of arrangement that Pan American will acquire all of the issued and outstanding shares of Tahoe Resources.Tahoe share...Read More

Chile's copper industry will triple its use of sea water for industrial processes in the next decade, state copper agency Cochilco said on Tuesday, as global miners in the world's top producer of the red metal seek alternatives amid growing water shortages.Cochilco said in a report that it expected use of sea water, both desalinated and direct from the ocean, to increase by 230 percent over 2018 l...Read More

Gold futures finished Tuesday with a loss as gains in the U.S. stock market and strength in the dollar helped to dull the appeal of the haven metal, at least in the short term. February gold on Comex GCG9, +0.13% fell by $4, or 0.3%, to settle at $1,285.90 an ounce, giving back all but a dime of its gain from a day earlier. March silver SIH9, +0.13% meanwhile, followed its sister metal lower to l...Read More

Gold futures finished Tuesday with a loss as gains in the U.S. stock market and strength in the dollar helped to dull the appeal of the haven metal, at least in the short term. February gold on Comex GCG9, +0.12% fell by $4, or 0.3%, to settle at $1,285.90 an ounce, giving back all but a dime of its gain from a day earlier. March silver SIH9, +0.13% meanwhile, followed its sister metal lower to l...Read More

Tactile Systems Technology is heading toward its best day everStocks are modestly higher today, but have pared bigger gains from earlier in the morning. A few notable names making outsized moves today are Dow stock Verizon Communications Inc. (NYSE:VZ), railroad stock Union Pacific Corporation (NYSE:UNP), and medical device maker Tactile Systems Technology Inc. (NASDAQ:TCMD). Below, we'll take a...Read More

Boart Longyear has announced the launch of its newest top hammer tooling, the DriftMaster series of rods and bits, now available. DriftMaster rods and bits are designed with a unique thread profile for added endurance and strength in the most demanding tunneling, bolting, and drifting applications."Global field testing of DriftMaster products lead to an extended trial duration, extensive sample si...Read More

Boart Longyear has announced the launch of its newest top hammer tooling, the DriftMaster series of rods and bits, now available. DriftMaster rods and bits are designed with a unique thread profile for added endurance and strength in the most demanding tunneling, bolting, and drifting applications."Global field testing of DriftMaster products lead to an extended trial duration, extensive sample si...Read More

PCG stock hit a 15-year low earlierIt's been a rough week for PG&E Corporation (NYSE:PCG). The shares plunged 22.3% yesterday as bankruptcy buzz swirled around the California utility name. Today, the stock is down 11.1% at $16.83, fresh off a 15-year low of $15.78, after S&P Global cut PCG's credit rating to "junk" status and warned additional downgrades could come down the pike if "management doe...Read More

The lights are out in D.C. for an 18th straight dayThe partial U.S. government shutdown has been in effect for 18 days, as lawmakers fail to compromise on a budget. In fact, President Donald Trump is expected to address the nation at 9 p.m. ET tonight, to make a case for funding the controversial border wall. We are just days away from surpassing the longest-ever government shutdown, which happene...Read More

Tanzania named a new mining minister on Tuesday amid a prolonged spat between the government and gold producer Acacia over a $190 billion tax bill, which has severely limited the London-listed company's operations in the East African nation.Dotto Biteko, whose appointment was announced by presidential official John Kijazi on state television, is the third mining minister President John Magufuli ha...Read More

Tanzania named a new mining minister on Tuesday amid a prolonged spat between the government and gold producer Acacia over a $190 billion tax bill, which has severely limited the London-listed company's operations in the East African nation.Dotto Biteko, whose appointment was announced by presidential official John Kijazi on state television, is the third mining minister President John Magufuli ha...Read More

A South Korean court on Tuesday approved a request by plaintiffs in a wartime forced labour case to seize part of the local assets of Japan's Nippon Steel & Sumitomo Metal Corp, Yonhap News Agency said, citing a court official.On Dec. 31, the plaintiffs applied to the Daegu District Court for the seizure of 81,075 shares held by Nippon Steel in PNR, its Korea-based joint venture with steelmaker PO...Read More

The retailer will unveil its quarterly results after tomorrow's closeHome goods retailer Bed Bath & Beyond Inc. (NASDAQ:BBBY) is slated to report fiscal third-quarter earnings after the market closes tomorrow, Jan. 9. It's been a relatively quiet stretch for BBBY stock, per its 60-day historical volatility of 48.6% -- in the tame 36th annual percentile. However, the options market is expecting a b...Read More

Base metals started the new year where they left off the old one, by falling again.The London Metal Exchange index (LMEX) slumped to a one-and-a-half year low of 2730.1 on Jan. 3.The trigger was Apple Inc's revenue warning, not the type of news event that normally roils prices of old-economy metals such as copper, lead and zinc.But the reaction was highly instructive of what to expect in the month...Read More

CLVS stock rallied more than 18% yesterday Yesterday, Clovis Oncology Inc (NASDAQ:CLVS) surged more than 18%, after better-than-expected sales numbers for its cancer drug Rubraca, as well as a bull note from Leerink. However, the good times for CLVS may soon come to an end, if history is any guide.Specifically, the security is trading within one standard deviation of its 80-day moving average. In...Read More

Gold imports by India tumbled by a fifth last year as high domestic prices deterred buyers in the second-biggest consuming nation and local stores remained well-stocked, highlighting a headwind to global demand even as bullion in dollars gains on renewed haven buying.Overseas purchases fell to 762 metric tons in 2018, a 20 percent slump from the previous year, according to a person familiar with t...Read More

Palladium's premium to platinum jumped to a record, building on its ranking as the best-performing metal of 2018.Shortages of the metal used in autocatalysts for gasoline-fueled vehicles sent its price to yet another all-time high, widening the price difference with rival platinum to more than $500 an ounce on Tuesday. Most analysts don't see supply relief for palladium anytime soon. Platinum is n...Read More

The Nasdaq briefly turned negativeThe Dow Jones Industrial Average (DJI) was up more than 300 points at its morning peak, but has since pared its gains to trade about 100 points higher. Stocks started out strong, with traders hopeful about the ongoing trade talks between the U.S. and China, but have lost steam as bank stocks like JPMorgan Chase (JPM) and Wells Fargo (WFC) drop on negative analyst...Read More