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

Vancouver-based Goldcorp has poured the first gold at its Penasquito's Pyrite Leach project (PLP) in Zacatecas. Commissioning of the plant began in Q3 2018, and it is now treating existing tailings around the clock."PLP was a major investment decision for Goldcorp and one of the first that went through our Goldcorp investment framework." said David Garofalo, president and CEO of Goldcorp. "We ar...Read More

Vancouver-based SilverCrest Metals (TSXV: SIL) today announced that SSR Mining has agreed to purchase 8,220,645 common shares of the Company at a price of $3.73 per share for a total investment of $30.6 million in a non-brokered private placement financing.SSR will own 9.9% of the outstanding common shares of SilverCrest on a non-diluted basis. The private placement is expected to close on or ab...Read More

Vancouver-based SilverCrest Metals (TSXV: SIL) today announced that SSR Mining has agreed to purchase 8,220,645 common shares of the Company at a price of $3.73 per share for a total investment of $30.6 million in a non-brokered private placement financing.SSR will own 9.9% of the outstanding common shares of SilverCrest on a non-diluted basis. The private placement is expected to close on or ab...Read More

Vancouver-based SilverCrest Metals (TSXV: SIL) today announced that SSR Mining has agreed to purchase 8,220,645 common shares of the Company at a price of $3.73 per share for a total investment of $30.6 million in a non-brokered private placement financing.SSR will own 9.9% of the outstanding common shares of SilverCrest on a non-diluted basis. The private placement is expected to close on or ab...Read More

American Eagle will report third-quarter earnings next WednesdayThe shares of American Eagle Outfitters (NYSE:AEO) are down 3.2% to trade at $20.68 today. The stock initially got a halo lift from Abercrombie & Fitch (ANF) and its quarterly report, but it has ultimately pivoted lower.In response to the volatility today, and with American Eagle's own earnings report nearing, options traders are pil...Read More

Australian rare earths miner Lynas Corp (ASX: LYC) plans a short-term production shut down in December at its Lynas Advanced Materials Plant (LAMP) in Malaysia, once its annual production quota is met ahead of time at the end of November, Roskill reported today.Reaching the annual production limit is due to the Lynas NEXT program, which increased neodymium and praseodymium (NdPr) production from 5...Read More

Australian rare earths miner Lynas Corp (ASX: LYC) plans a short-term production shut down in December at its Lynas Advanced Materials Plant (LAMP) in Malaysia, once its annual production quota is met ahead of time at the end of November, Roskill reported today.Reaching the annual production limit is due to the Lynas NEXT program, which increased neodymium and praseodymium (NdPr) production from 5...Read More

Gold prices notched a modest gain on Thursday as a leading dollar index steadied and benchmark U.S. stock indexes saw a pullback a day after the Dow Jones Industrial Average scored its best performance in eight months. Gold for February deliveryGCG9, -0.21% which is the most-active contract, added 60 cents, or 0.05%, to settle at $1,230.40 an ounce. It settled 0.8% higher on Wednesday, then climbe...Read More

Across much of the Northeast, Midwest, and Plains, it has been one of the coldest and snowiest starts to the winter season on record. Read full newsRead More

Fed Chair Jerome Powell will speak in front of Congress The first week of a December -- a historically bullish month for stocks -- will be a busy one. There will be a Fed speaker every day except Friday, at which point the critical nonfarm payrolls report will take center stage. Of those speakers, Fed Chair Jerome Powell will garner the most attention, with the central banker addressing Congress....Read More

TJX put buying has picked up recentlyRetail stock TJX Companies Inc (NYSE:TJX) has pulled back dramatically in recent weeks, falling from around $56 to its current perch at $46.93, partly due to a negative earnings reaction last week. In fact, the stock is down more than 14% in November, pacing for its worst month in 10 years. However, brokerage firm Argus sees the pullback as a buying opportunity...Read More

"We need to reduce but would not want to reduce by much."Read full newsRead More

The retail stock has run into a bearish trendlineThe shares of Macy's Inc (NYSE:M) are just two weeks removed from a post-earnings bear gap. What's more, the retail stock, heading into the all-important holiday season, just flashed a bearish signal that could lead to more short-term struggles, if history is any guide.At last check, Macy's stock was down 2.5% to trade at $33.40. The shares arewit...Read More

White House advisor Peter Navarro could join Trump and XiThe Dow Jones Industrial Average (DJI) is down at midday, as stocks react to news White House advisor Peter Navarro will attend a dinner between U.S. President Donald Trump and China President Xi Jinping at this weekend's G-20 summit. This is offsetting big gains for Boeing (BA) and McDonald's (MCD), which are the two best Dow stocks on the...Read More

Rio Tinto, (ASX, LON, NYSE:RIO) the world's second largest miner, is set to develop its most technologically advanced mine following the full approval of a $2.6 billion investment in the Koodaideri iron ore mine in Western Australia.The company stated Koodaideri will deliver a new production hub for Rio Tinto's world-class iron ore business in the Pilbara, incorporating a processing plant and infr...Read More

The stock has dropped more than 40% since its May highsAt last check, Micron Technology, Inc. (NASDAQ:MU) was down 1.6% to trade at $38.08, even afterthe company's CEO yesterday said fiscal first-quarter earnings would come in at the high end of guidance. He added that Micronis working to assuage the big impact of the U.S.-China trade war and tariffs on gross margins. MU stock has been through the...Read More

Trump may be facing an uphill battle he can't win in 2020.The much-anticipated "Blue Wave" washed over America on November 6. But it didn't hit all states equally.Some states, like California and New Jersey, were electoral graveyards for Republicans. In a few states, Republicans actually picked up a seat or two.But overall, Democrats saw their biggest gains in Congress since Watergate. They picked...Read More

For readers that don't know you, can you tell us about your background and current roles? In 2010, after 12Read full newsRead More

Anglo American Plc, the company that grew to be South Africa's biggest during apartheid, says it's ready to invest in the country again.After years of legislative uncertainty, relations had soured to the point where Anglo's chief executive officer wasn't on speaking terms with the former mining minister after he made a critical speech. In October, Anglo pledged to spend $6 billion on its assets in...Read More

* Japan's Mitsubishi Materials on Thursday said that its Indonesia copper smelting unit, PT Smelting, has declared force majeure on deliveries of products to some customers as maintenance at its plant in the country had been extended.* The smelter on Oct. 31 went into maintenance that was scheduled for about 30 days, but that has been extended due to a lack of oxygen supply from a neighboring oxyg...Read More