The precious metals all soared in 2025, and while a continued monetary expansion and geopolitical risk could still drive gains especially for gold in 2026, a pullback in silver, platinum and palladium is possible after recent partly speculative surges.Read More

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

Sibanye-Stillwater (NYSE: SBGL) today announced it has concluded a three-year wage agreement with the National Union of Mineworkers (the NUM), Solidarity and UASA in respect of wages and conditions of service for the period of July 1, 2018 to June 30, 2021.The agreement allows for increases to the basic wage of Category 4-8 surface and underground employees. Miners, artisans and officials will rec...Read More

* Unclear how big reserves are or when they can be mined* Glencore holds small stake in ocean explorer DeepGreen* Anglo American sold stake in Nautilus* Environmentalists seek strict rulesLONDON - China, the leading holder of international deep sea exploration licences, has increased its lead in the race for alternative sources of battery minerals by taking samples from cobalt-bearing mountains de...Read More

RIO DE JANEIRO - Brazil's Samarco Mineracao SA, a joint venture between BHP Billiton and Vale SA, on Wednesday named former Usiminas mining executive Cristina Cavalcanti as its new chief financial officer.Cavalcanti joins Samarco as it attempts to renegotiate billions of dollars in debt with creditors and restart operations after a tailing dam burst in 2015, killing 19 people.Cavalcanti previously...Read More

Snapchat's parent company is struggling after DOJ and SEC subpoenasSnap Inc (NYSE:SNAP) continues to struggle after its Oct. 26 all-time low of $5.77, and is headed for another day of losses. The stock is down 1.9% to trade at $6.58 at last check, with SNAP pacing for another close beneath resistance at its 20-day moving average. This comes after the Snapchat parent announced, late Tuesday, that...Read More

SHANGHAI - Chinese copper smelters are looking to make more investments in mines, pushing to shore up supply of concentrate at a time when competition for the raw material is heating up, industry executives said on Wednesday.China is the world's biggest consumer of the metal but its own copper mine production has been stagnating amid a broad crackdown on pollution, exacerbating a heavy reliance on...Read More

SHANGHAI - Chinese copper smelters are looking to make more investments in mines, pushing to shore up supply of concentrate at a time when competition for the raw material is heating up, industry executives said on Wednesday.China is the world's biggest consumer of the metal but its own copper mine production has been stagnating amid a broad crackdown on pollution, exacerbating a heavy reliance on...Read More

Oil, on the other hand, is headed for its first win in more than two weeksThe Dow Jones Industrial Average (DJI) was up more than 200 points earlier after this morning's latest inflation update. However, the blue-chip index has since swung into the red at midday, pressured by sharp losses for Apple (AAPL) following a fresh downgrade for the FAANG stock. The S&P 500 Index (SPX) and Nasdaq Composite...Read More

Evidence of a looming financial crisis may be growing, according to Harry Dent.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and China's recent stock market decline - years before they happened - has issued a new earth-shattering statement:"The Dow is set to embark on a catastrophic plunge...all the way down to 6,000."Harry Dent recently explained: "Nations are...Read More

Electric vehicles are reaching global markets far and wide - and deep. Swedish mining equipment maker Epiroc AB now aims to electrify all its underground machines within five years.As much as 40% of an underground mine's energy outlay is spent on powering gigantic ventilation systems to remove pollutants from tunnels, this can be reduced by using less dieselThe manufacturer on Wednesday launched a...Read More

Electric vehicles are reaching global markets far and wide - and deep. Swedish mining equipment maker Epiroc AB now aims to electrify all its underground machines within five years.As much as 40% of an underground mine's energy outlay is spent on powering gigantic ventilation systems to remove pollutants from tunnels, this can be reduced by using less dieselThe manufacturer on Wednesday launched a...Read More

The stock tends to outperform the week of Black FridayKohl's Corporation (NYSE:KSS) stock is slightly lower today. However, the retail stock could rally to new heights in the short term, if recent history is any indicator. Specifically, KSS has been one of the best stocks to own during Thanksgiving week, looking back 10 years, and next week's earnings release could be the catalyst to send the equi...Read More

How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More

Iran executed a gold dealer known as the "Sultan of Coins," in a warning to merchants not to exploit the country's financial troubles as U.S. sanctions squeeze the economy.Vahid Mazloumin was sentenced to death in October after being accused by Iranian authorities of contributing to price hikes by hoarding gold.The very specter of sanctions, even before they were resumed in August, plunged the Ira...Read More

Iran executed a gold dealer known as the "Sultan of Coins," in a warning to merchants not to exploit the country's financial troubles as U.S. sanctions squeeze the economy.Vahid Mazloumin was sentenced to death in October after being accused by Iranian authorities of contributing to price hikes by hoarding gold.The very specter of sanctions, even before they were resumed in August, plunged the Ira...Read More

The Democratic Republic of Congo's state-owned miner sought an urgent meeting to discuss a decision by Glencore Plc unit Katanga Mining Ltd. last week to halt cobalt exports.Katanga, controlled by Glencore, announced Nov. 6 it suspended sales from its Kamoto mine in southeast Congo after detecting levels of uranium in supplies above those allowed for export. Gecamines, the government-controlled mi...Read More

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Kellogg updated investors on its turnaround plans yesterdayCereal maker Kellogg Company (NYSE:K) is moving lower in early trading, as analysts react to the company's underwhelming plans for aturnaround, which were announced yesterday at its investor conference. Among the specifics, Kellogg is selling its Keebler bakery brands and cookie business, and said it'll continue to be active in M&A. In re...Read More

AAPL is lower after Guggenheim downgraded the FAANG stockThe shares of Apple Inc. (NASDAQ:AAPL) initially ticked higher out of the gate on broad-market tailwinds, but was last seen down 0.4% to trade at $191.45. The FAANG stock was downgraded to "neutral" from "buy" at Guggenheim, which also removed its $245 price target on the equity. This is the second brokerage firm in as many days to predict...Read More

The world's second largest miner, Rio Tinto, (ASX, LON:RIO) is said to be preparing an offer for a minority stake in Teck Resources' (TSX:TECK.A | TECK.B)(NYSE:TCK) Quebrada Blanca copper mine in northern Chile.Canada's largest diversified miner, which in August received regulatory approval for a $4.8 billion extension of the mine, has been looking for a development partner that could invest $...Read More

The world's second largest miner, Rio Tinto, (ASX, LON:RIO) is said to be preparing an offer for a minority stake in Teck Resources' (TSX:TECK.A | TECK.B)(NYSE:TCK) Quebrada Blanca copper mine in northern Chile.Canada's largest diversified miner, which in August received regulatory approval for a $4.8 billion extension of the mine, has been looking for a development partner that could invest $...Read More