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

Stop picking losers with this strategy used by the richest investors.Forget P/E ratios and earnings per share...Forget the advice to "buy what you know" (no matter what Warren Buffett says)...Forget everything you think you know about picking stocks...The world's richest investors don't pay attention to any of that stuff. They know none of those factors impact the direction a stock's price is abou...Read More

The U.S.-China trade war that's ravaged most commodities failed to dent 2018's best-performing major metal. Many analysts don't see much standing in the way of further gains in 2019.Shortages of palladium sent prices of the commodity used in autocatalysts to a record this year, at times surging past gold to become the most precious of major metals. Citigroup Inc. sees no supply relief soon. Users...Read More

No sector has managed to avoid the market's weaknessThe Dow Jones Industrial Average (DJI) is holding in negative territory today, giving back a chunk of yesterday's record-setting gains. Almost all sectors are trading in the red today, as investors digest not only a bigger-than-expected drop in consumer confidence this month, but some troubling geopolitical headlines, as well. In the meantime, th...Read More

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced this week that it has acquired 12,500,000 common shares of Sun Metals (TSX.V: SUNM) a Vancouver-based mineral exploration company.The shares were acquired for an aggregate purchase price of $3.5m, and were acquired privately on Dec. 20, 2018 pursuant to a donation arrangement. As a result, Teck holds approximately 13.8%...Read More

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced this week that it has acquired 12,500,000 common shares of Sun Metals (TSX.V: SUNM) a Vancouver-based mineral exploration company.The shares were acquired for an aggregate purchase price of $3.5m, and were acquired privately on Dec. 20, 2018 pursuant to a donation arrangement. As a result, Teck holds approximately 13.8%...Read More

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced this week that it has acquired 12,500,000 common shares of Sun Metals (TSX.V: SUNM) a Vancouver-based mineral exploration company.The shares were acquired for an aggregate purchase price of $3.5m, and were acquired privately on Dec. 20, 2018 pursuant to a donation arrangement. As a result, Teck holds approximately 13.8%...Read More

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced this week that it has acquired 12,500,000 common shares of Sun Metals (TSX.V: SUNM) a Vancouver-based mineral exploration company.The shares were acquired for an aggregate purchase price of $3.5m, and were acquired privately on Dec. 20, 2018 pursuant to a donation arrangement. As a result, Teck holds approximately 13.8%...Read More

Fed Chair Jerome Powell will speak on FridayNext week's schedule will be slightly abbreviated on Wall Street, with markets closed on Tuesday for New Year's Day. Despite the shortened week, Thursday and Friday will bring a flurry of economic data. Specifically, jobless claims, the Institute for Supply Management (ISM) manufacturing index, and the nonfarm payrolls report for December will all be re...Read More

Russia's state-owned nuclear power company Rosatom has offered Chile's government technology it says can boost output of lithium, a key ingredient in electric vehicle batteries, according to lobbyist transparency filings reviewed by Reuters.In separate meetings in late November, lobbyists for the Uranium One Group, a wholly owned subsidiary of Rosatom, told officials at two Chilean agencies they c...Read More

Russia's state-owned nuclear power company Rosatom has offered Chile's government technology it says can boost output of lithium, a key ingredient in electric vehicle batteries, according to lobbyist transparency filings reviewed by Reuters.In separate meetings in late November, lobbyists for the Uranium One Group, a wholly owned subsidiary of Rosatom, told officials at two Chilean agencies they c...Read More

The shares are failing to capitalize on the upgrade, thoughBofA-Merrill Lynch upgraded Pattern Energy Group Inc (NASDAQ:PEGI) to "neutral" from "underperform," calling the renewable energy stock's recent sell-off overdone. The shares have shed 7.4% this quarter, and while the analyst in coverage expects a bottom to be near, they lowered their PEGI price target to $18.50 from $20.Most analysts are...Read More

JD shares are up this morning on reports of restructuring JD.com Inc (NASDAQ:JD) shares are up 3.3% to trade at $21.83, at last check. Earlier today, it was reported that the Chinese e-commerce giant plans to restructure its JD Mall unit into threedepartments, according to an internal document cited by the Wall Street Journal. The article said the revamp is a chance to "change the narrative" (sub...Read More

WATT has made big moves in 2018Energous Corp (NASDAQ:WATT) is trading 38.3% higher this morning at $6.37, following news the company's sound amplification device, Delight, has been approved for sale in the U.S. by the Federal Communications Commission (FCC). The Delight PSAP is similar to a hearing aid, but will be available without a prescription. Back in September, WATT stock got a bump after it...Read More

In April 2014, Mary Barra sat on Capitol Hill listening to accounts of families who'd lost a member while driving in a General Motors Co. Chevrolet Cobalt that malfunctioned. Months earlier, she'd been handed the reins of the largest U.S. car company.Defects that the company had failed to disclose for more than a decade led to the recall of almost 3 million small vehicles. The crisis shattered tru...Read More

The shares have slid 28% since their early November peakThe shares of CBS Corporation (NYSE:CBS) have been making a beeline lower since topping out near $60 in early November. According to Loop Capital, though, this sell-off has created an "extraordinarily attractive purchase price for the shares." The brokerage firm reiterated its "buy" rating on CBS stock, while lowering its price target to $59...Read More

Earlier this year, Crown Mining (TSXV: CWM) bought 100% of the Moonlight-Superior property in northeastern California for $375,000 in cash and 2.75 million shares.The land package is best known for its Superior and Engels deposits, which produced over 161 million lb. copper as underground mining operations between 1915 and 1930.But the property, 200 km northeast of Sacramento and 145 km northwes...Read More

Earlier this year, Crown Mining (TSXV: CWM) bought 100% of the Moonlight-Superior property in northeastern California for $375,000 in cash and 2.75 million shares.The land package is best known for its Superior and Engels deposits, which produced over 161 million lb. copper as underground mining operations between 1915 and 1930.But the property, 200 km northeast of Sacramento and 145 km northwes...Read More

Earlier this year, Crown Mining (TSXV: CWM) bought 100% of the Moonlight-Superior property in northeastern California for $375,000 in cash and 2.75 million shares.The land package is best known for its Superior and Engels deposits, which produced over 161 million lb. copper as underground mining operations between 1915 and 1930.But the property, 200 km northeast of Sacramento and 145 km northwes...Read More

China's top copper smelters on Thursday raised their floor treatment and refining charges (TC/RCs) for the first quarter of 2019 by 2.2 percent, sources with knowledge of the matter said.At a meeting in Shanghai, the 10-member China Smelters Purchase Team (CSPT) set the TC floor for the first quarter at $92 per tonne and the RC floor at 9.2 cents per pound, up from $90 per tonne and 9 cents per po...Read More

Oil futures are trading lower this morning, tooFollowing yesterday's historic rally on Wall Street, futures on the Dow Jones Industrial Average (DJI) are trading well below fair value this morning. This premarket volatility follows a weak reading on Chinese industrial earnings, as well as a Reuters report that the Trump administration is preparing to ban U.S. companies from purchasing telecom equi...Read More