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
F stock is trading down 2% today on new U.S.-China tensionsThe shares of Ford Motor Company (NYSE:F) are trading down 2.7% today at $8.94, after the high-profile arrest of a Huawei exec casts exacerbates U.S.-China trade tensions. While today's retreat is finding a familiar floor in the $9 neighborhood, one options trader is positioning for an even bigger slide into the new year.At last check, rou...Read More
The brokerage firm sees a number of revenue growth opportunitiesBofA-Merrill Lynch upgraded Arista Networks Inc (NYSE:ANET) stock to "buy" from "neutral," and reiterated its $300 price target -- a nearly 31% premium to Tuesday's close. The brokerage firm cited potential growth opportunity in new markets like routing and wireless LAN, given "management's excellent execution history."As such, ANET...Read More
Fremont Gold (TSXV:FRE) (Read full newsRead More
Chile's state copper miner Codelco said on Thursday it had reached agreement on a new collective labor contract in early negotiations with the union of workers at its Gabriela Mistral mine in northern Chile.The 36-month contract included a signing bonus of 4.2 million pesos ($6,216.63) and a 2 million peso ($2,960.30) premium paid to workers for agreeing to the early negotiation, Codelco, the worl...Read More
Bonterra Resources Inc. (TSXV:BTR, OTCQX:BONXD, FSE:9BR1) (theRead full newsRead More
The European Union's largest coking coal producer JSW could increase output by between 2.5 and 3 million tonnes per year by acquiring assets, far exceeding its current plan to grow production to 18 million tonnes by 2030 from roughly 15 million now.Poland's ambitions to invest in coal have stirred outrage at U.N. climate talks taking place in Katowice, around 50 kilometres from JSW's Silesian offi...Read More
NEW YORK, Dec 6 (Reuters) - Gold-backed exchange-traded funds (ETFs) registered inflows in all the world's major regions in November, as volatile stock markets fueled flight-to-safety buying, the World Gold Council said on Thursday.North American funds had inflows of $352.7 million while European funds posted inflows of $371.9 million last month, according to figures provided by the Council. It wa...Read More
Early investors stand to reap the rewards as a new technology looks to change everything.One research firm - which recommended Google and Amazon before they became household names - has built a worldwide reputation of identifying profitable tech trends well before Wall Street and the talking heads on T.V.And just recently, they've uncovered a technology that's already being labeled "humanity's las...Read More
Wall Street's fear gauge is eyeing its highest close since FebruaryU.S. stocks are selling off today, with the Dow Jones Industrial Average (DJI) down more than 650 points at midday, amid renewed concerns about global trade. The likelihood of a long-term U.S.-China trade deal is in question, following the high-profile arrest of Huawei Chief Financial Officer Meng Wanzhou, which has sent the tech...Read More
Stifel downgraded one stock and cut its price target on the otherTech stocks are once again in the spotlight today, as the arrest of Huawei's CFO sends shockwaves through the sector, and threatens U.S.-China trade relations. Meanwhile, FAANG stocks Facebook Inc. (NASDAQ:FB) and Netflix, Inc. (NASDAQ:NFLX) are in Stifel's crosshairs, with the brokerage firm downgrading one and cutting its price tar...Read More
Uncertainties surrounding Australian rare earths miner Lynas Corporation Ltd's future in Malaysia have hampered efforts to plan expansion, its chief executive said.Amanda Lacaze said Lynas has been weighing options to grow its business, which would likely mean expanding beyond its current processing facility in Malaysia.Lynas' next stage of growth will require additional investments beyond merely...Read More
International Lithium (TSXV: ILC; US-OTC: ILHMF) could produce 10,000 tonnes lithium carbonate equivalent per year over a 25 year mine life at its Mariana lithium brine project, according to a recent preliminary economic assessment. It could also produce 84,000 tonnes per year sulphate of potash.The project, located in Salta, Argentina, has an estimated US$192 million after tax net present value...Read More
International Lithium (TSXV: ILC; US-OTC: ILHMF) could produce 10,000 tonnes lithium carbonate equivalent per year over a 25 year mine life at its Mariana lithium brine project, according to a recent preliminary economic assessment. It could also produce 84,000 tonnes per year sulphate of potash.The project, located in Salta, Argentina, has an estimated US$192 million after tax net present value...Read More
International Lithium (TSXV: ILC; US-OTC: ILHMF) could produce 10,000 tonnes lithium carbonate equivalent per year over a 25 year mine life at its Mariana lithium brine project, according to a recent preliminary economic assessment. It could also produce 84,000 tonnes per year sulphate of potash.The project, located in Salta, Argentina, has an estimated US$192 million after tax net present value...Read More
Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years, a new study shows.According to the 11th annual EY survey of 250 executives, the topic was listed sixth in the list of the ten major risks facing mining and metals firm in 2019-2020. Other challenges listed by the participants were rising national...Read More
Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years, a new study shows.According to the 11th annual EY survey of 250 executives, the topic was listed sixth in the list of the ten major risks facing mining and metals firm in 2019-2020. Other challenges listed by the participants were rising national...Read More
Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years, a new study shows.According to the 11th annual EY survey of 250 executives, the topic was listed sixth in the list of the ten major risks facing mining and metals firm in 2019-2020. Other challenges listed by the participants were rising national...Read More
Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years, a new study shows.According to the 11th annual EY survey of 250 executives, the topic was listed sixth in the list of the ten major risks facing mining and metals firm in 2019-2020. Other challenges listed by the participants were rising national...Read More
Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years, a new study shows.According to the 11th annual EY survey of 250 executives, the topic was listed sixth in the list of the ten major risks facing mining and metals firm in 2019-2020. Other challenges listed by the participants were rising national...Read More
PERU - SENACE, the Peruvian National Environmental Certification Service, has rejected Toronto-based Sierra Metals' environmental impact assessment for the expansion of the tailings management facility at the Yauricocha polymetallic mine in the Yauyos province.Sierra Metals has 15 business days to provide a re-evaluation to the authorities to initiate a review process. This process will delay the...Read More