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

BELGRADE - Serbia's mining industry could expand to 5 percent of national output by 2023 if foreign investors keep commitments to plough millions of dollars into copper and lithium production, its mining minister said.The sector currently accounts for 1 percent of Serbia's gross domestic product. But since 2000, when a decade of isolation of the former Yugoslavia ended, more than 40 foreign compan...Read More

BELGRADE - Serbia's mining industry could expand to 5 percent of national output by 2023 if foreign investors keep commitments to plough millions of dollars into copper and lithium production, its mining minister said.The sector currently accounts for 1 percent of Serbia's gross domestic product. But since 2000, when a decade of isolation of the former Yugoslavia ended, more than 40 foreign compan...Read More

The shares have already doubled in the past yearBioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) stock has been on fire lately, more than doubling in the past year. What's more, analysts at RBC see lots more upside in store for BCRX shares, hiking their price target to $16 from $10 -- representing a premium of about 73% to the security's close of $9.27 on Monday, and in territory not charted since mid...Read More

The shares recently broke below long-term supportBack in October amid the broad-market sell-off, beer maker Constellation Brands, Inc. (NYSE:STZ) broke below a trendline that had supported its rise since 2012. The stock was swiftly rejected after rallying back to this trendline earlier this month, and the $200 area -- site of the August lows -- has also emerged as resistance. Now down more than 14...Read More

HSBC said Apple is "facing the reality of market saturation"Apple Inc. (NASDAQ:AAPL) is one of the worst performers on the Dow in early trading, after HSBC downgraded the FAANG stock to "hold" from "buy," and cut its AAPL price target to $200 from $205. The brokerage firm said the tech titan's "iconic hardware unit growth is broadly over for now," and that it's "facing the reality of market satura...Read More

Impala Platinum Holdings Ltd. said it's open to acquiring low-cost assets as the struggling miner looks beyond a plan to close unprofitable shafts in South Africa.The No. 2 platinum producer, known as Implats, is playing catch-up with larger rival Anglo American Platinum Ltd., which is boosting output and profit after shifting to lower-cost operations. Chief Executive Officer Nicolaas Muller said...Read More

Oil prices are set for another positive session as expectations rise for a production cutDow Jones Industrial Average (DJIA) futures are signaling a lower start, as Wall Street reacts to a lack of details surrounding a U.S.-China trade truce. Optimism surrounding the deal sent stock markets surging to start the month, but Bloomberg reports no paper trail exists and Beijing has yet to confirm any c...Read More

The brokerage firm maintained its rating and lofty price target, thoughThe shares of Activision Blizzard, Inc. (NASDAQ:ATVI) are down 0.2% in electronic trading, after Wedbush removed the video game maker from its "Best Idea" list. The brokerage firm did however maintain its outperform rating and $81 price target on ATVI. This reevaluation follows ATVI's struggles in recent months. Since its...Read More

The global hunt for high-quality, low-risk copper assets that are ready for construction is about to get tougher after Teck Resources Ltd. sells a stake in one of the few deals available.Sumitomo Corp. and Sumitomo Metal Mining Co. agreed to pay $1.2 billion for 30 percent of the Compa??ia Minera Teck Quebrada Blanca SA project in northern Chile. The mine, which will require an estimated investmen...Read More

A new 52-week low in USO's share price coincided with a fresh high in call open interestThe fourth-quarter sell-off in oil prices has been fairly massive in magnitude, with the West Texas crude-tracking United States Oil Fund (USO) down about 34% from its Oct. 3 intraday peak of $16.24. The commodity fund's collapse occurred with such blinding speed that its 50-day and 200-day moving averages are...Read More

Following a very detailed process, Miramont Resources (CSE: MONT) finally received a drilling permit for its Cerro Hermoso project in southern Peru. The permit was granted after a series of assessments conducted by the Peruvian Ministry of Energy and Mines -known as MEM- to determine if Indigenous groups could be affected by the Canadian miner's activities. "We are very happy to begin our drill pr...Read More

Following a very detailed process, Miramont Resources (CSE: MONT) finally received a drilling permit for its Cerro Hermoso project in southern Peru. The permit was granted after a series of assessments conducted by the Peruvian Ministry of Energy and Mines -known as MEM- to determine if Indigenous groups could be affected by the Canadian miner's activities. "We are very happy to begin our drill pr...Read More

Following a very detailed process, Miramont Resources (CSE: MONT) finally received a drilling permit for its Cerro Hermoso project in southern Peru. The permit was granted after a series of assessments conducted by the Peruvian Ministry of Energy and Mines -known as MEM- to determine if Indigenous groups could be affected by the Canadian miner's activities. "We are very happy to begin our drill pr...Read More

Following a very detailed process, Miramont Resources (CSE: MONT) finally received a drilling permit for its Cerro Hermoso project in southern Peru. The permit was granted after a series of assessments conducted by the Peruvian Ministry of Energy and Mines -known as MEM- to determine if Indigenous groups could be affected by the Canadian miner's activities. "We are very happy to begin our drill pr...Read More

Malaysia has told Lynas Corp (ASX:LYC), the Australian miner a rare earth elements processing plant on the country's east coast, to remove the radioactive waste collected as a result of its activities over the past six years if it wants to continue to operate.Among the conditions set by the country's Energy and Environment Ministry, the miner must also submit an action plan for non-radioactive was...Read More

Malaysia has told Lynas Corp (ASX:LYC), the Australian miner with a rare earth elements processing plant on the country's east coast, to remove the radioactive waste collected as a result of its activities over the past six years if it wants to continue to operate.Among the conditions set by the country's Energy and Environment Ministry, the miner must also submit an action plan for non-radioactiv...Read More

South Africa's DRDGOLD Ltd (JSE, NYSE:DRD) will commission this Thursday the first phase of the Far West Gold Recoveries project (FWGR) in West Rand, one of the assets it exchanged with precious metals producer Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) early this year.The project is a large-scale, long-life surface tailings retreatment that will retreat material with a 35% higher gold content t...Read More

South Africa's DRDGOLD Ltd (JSE, NYSE:DRD) will commission this Thursday the first phase of the Far West Gold Recoveries project (FWGR) in West Rand, one of the assets it exchanged with precious metals producer Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) early this year.The project is a large-scale, long-life surface tailings retreatment that will retreat material with a 35% higher gold content t...Read More

Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK), Canada's largest diversified miner, has chosen Japan's Sumitomo as partner to go ahead with a planned $4.8 billion expansion of the Quebrada Blanca copper mine in northern Chile.Sumitomo Metal Mining and Sumitomo Corporation will pay $1.2 billion to Teck for a 30% stake in the Quebrada Blanca Phase 2 project - $800 million earn-in contribution and...Read More

Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK), Canada's largest diversified miner, has chosen Japan's Sumitomo as partner to go ahead with a planned $4.8 billion expansion of the Quebrada Blanca copper mine in northern Chile.Sumitomo Metal Mining and Sumitomo Corporation will pay $1.2 billion to Teck for a 30% stake in the Quebrada Blanca Phase 2 project - $800 million earn-in contribution and...Read More