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

It all started so well in 2018 for investors in European metal and mining stocks, as copper led a base-metals rally to multi-year highs in a time before trade turmoil gripped markets. But, as the year closes, the sector index is languishing about 25 percent below its June peak.Fractious rhetoric between Washington and Beijing over tariffs, plus growing worries about the state of China's economy un...Read More

It all started so well in 2018 for investors in European metal and mining stocks, as copper led a base-metals rally to multi-year highs in a time before trade turmoil gripped markets. But, as the year closes, the sector index is languishing about 25 percent below its June peak.Fractious rhetoric between Washington and Beijing over tariffs, plus growing worries about the state of China's economy un...Read More

It all started so well in 2018 for investors in European metal and mining stocks, as copper led a base-metals rally to multi-year highs in a time before trade turmoil gripped markets. But, as the year closes, the sector index is languishing about 25 percent below its June peak.Fractious rhetoric between Washington and Beijing over tariffs, plus growing worries about the state of China's economy un...Read More

The Dow is eyeing a second straight win at middayThe Dow Jones Industrial Average (DJI) is gaining for the second straight day, as Caterpillar (CAT) pops on the latest trade news. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are higher, as well, though today's gains are coming amid low trading volume, with traders taking a wait-and-see approach before the Fed's policy decision this afternoo...Read More

The Marac??s Menchen MineLargo Resources (TSX: LGO; US-OTC: LGORF) drilled 24 holes totalling 4,223 metres during phase two drilling at its Novo Amparo Norte (NAN) vanadium deposit. The deposit lies 6.5 km north of Largo's Campbell pit at its Maracas Menchen vanadium mine in Bahia State, Brazil. NAN is the northernmost zone of known mineralization at the project.Highlights from the program's first...Read More

The company's 2019 forecast exceeded expectationsShares of Eli Lilly and Co (NYSE:LLY) are up 3.2% to trade at $109.85, after the company issued 2019 guidance above analyst expectations. The pharmaceutical giant cited high demand for some of its newer medicines, and lifted its quarterly dividend by 15%. LLY stock has remained relatively strong amid the broader stock market correction. The shares t...Read More

A pair of retail stocks could suffer after the Fed statementDespite public pleading from President Donald Trump and recent dovish commentary from Fed Chair Jerome Powell and company, the Fed is widely expected to announce another rate hike this afternoon. Since the current tightening cycle began in 2015, rate hikes have preceded weaker-than-usual price action for the broader S&P 500 Index (SPX). W...Read More

SPOKANE, WA - The American Exploration & Mining Association (AEMA) honored NOVAGOLD Resources Inc. with AEMA's Platinum Award for Corporate Excellence at its 124th Annual Meeting earlier this month in Spokane, WA. The award was presented to NOVAGOLD for designing the Donlin Gold project to incorporate a strong culture of safety, environmental stewardship, and community engagement with the potentia...Read More

It was a great year for Africa-focused Gem Diamonds (LON:GEMD), as the company recovered a record number of huge precious stones from its flagship Let??eng mine in Lesotho.With the two latest, a high quality 101 carat and 71 carat white Type IIa diamond, both recovered within a 24-hour period, the number of stones over 100 carats dug up at the mine reached a record 14, the company said Wednesday...Read More

It was a great year for Africa-focused Gem Diamonds (LON:GEMD), as the company recovered a record number of huge precious stones from its flagship Let??eng mine in Lesotho.With the two latest, a high quality 101 carat and 71 carat white Type IIa diamond, both recovered within a 24-hour period, the number of stones over 100 carats dug up at the mine reached a record 14, the company said Wednesday...Read More

BEIJING - Representatives from China's biggest aluminium producers will hold a meeting in the southern region of Guangxi to discuss slumping demand and falling prices, three sources familiar with the matter said on Wednesday.The producers held a similar gathering in late 2015 and the meeting comes as a protracted price decline leaves smelters struggling to turn a profit, even after significant out...Read More

Morgan Stanley said the bottom still isn't in sight for the chip sectorAs Wall Street digests a post-earnings slide from Micron Technology (MU), other chip stocks are in focus, as well. This follows a note out of Morgan Stanley that urged investors to "stay cautious" on the semiconductor industry, with the firm calling out weakness from almost all key markets, on top of valuations it still sees as...Read More

JAKARTA - Copper miner Freeport-McMoRan Inc must pay Indonesia 460 billion rupiah ($32 million) in royalties for thousands of hectares of protected forest it used without a permit, Indonesia's Supreme Audit Agency (BPK) said on Wednesday.A 2017 state audit of operations at Freeport Indonesia's Grasberg copper mine, the world's second largest, pointed to the miner's use of more than 4,000 hectares...Read More

JAKARTA - Copper miner Freeport-McMoRan Inc must pay Indonesia 460 billion rupiah ($32 million) in royalties for thousands of hectares of protected forest it used without a permit, Indonesia's Supreme Audit Agency (BPK) said on Wednesday.A 2017 state audit of operations at Freeport Indonesia's Grasberg copper mine, the world's second largest, pointed to the miner's use of more than 4,000 hectares...Read More

UAA stock is lower after the bear noteJ.P. Morgan Securities cut its price target on Under Armour Inc (NYSE:UAA)to $21 from $25, though this is still an 11.6% premium to last night's close. In reaction, UAA stock is down 1.2% to trade at $18.58, but finding support near its 320-day moving average, which served as a floor in late October, too.The pullback to this trendline could signal a short-term...Read More

* BP launches sale of seven packages in U.S. shale basins* Interested buyers include Carlyle, Warburg Pincus* Assets are mostly gas-rich which may deter some investorsLONDON/NEW YORK - Britain's BP has launched the sale of U.S. oil and gas onshore assets that could raise more than $3 billion to help pay for other fields in the United States it bought in October from BHP, industry and banking sourc...Read More

Mnuchin said the U.S. and China will begin face-to-face negotiations in JanuaryIt's set to be another positive session on Wall Street today, with Dow Jones Industrial Average (DJI) futures trading above fair value this morning. Traders are reacting to new U.S.-China trade headlines, with Treasury Secretary Steven Mnuchin telling Bloomberg News that the two countries will meet next month to restart...Read More

There is ample room for a further shift in sentiment toward MUThe shares of Micron Technology, Inc. (NASDAQ:MU) are down 8.5% in electronic trading after the chipmaker's quarterly report. Micron revealed weaker-than-expected sales for its fiscal first-quarter, but more importantly gave a cautious outlook for 2019, with CEO Sanjay Mehrotra citing weak industry trends. In response, Needham and RBC d...Read More

AngloGold Ashanti Ltd. is considering listing its shares in either London or Toronto in a move that could see the company hive off its remaining South African operations, according to people familiar with the situation.While no final decision has been made, the world's third-largest gold producer has been discussing the plan internally and with advisers, said the people, who asked not to be identi...Read More

AngloGold Ashanti Ltd. is considering listing its shares in either London or Toronto in a move that could see the company hive off its remaining South African operations, according to people familiar with the situation.While no final decision has been made, the world's third-largest gold producer has been discussing the plan internally and with advisers, said the people, who asked not to be identi...Read More