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

MOSCOW - Polyus, Russia's largest gold producer, on Wednesday reported third-quarter net profit down 61 percent from a year ago to $144 million due to foreign exchange losses and other non-cash items.The company controlled by Said Kerimov, son of Russian tycoon Suleiman Kerimov, has not been targeted by the U.S. sanctions against Moscow. Washington included Suleiman Kerimov and some other Russian...Read More

Idaho, Utah, and Nebraska voted to expand Medicaid programsStocks are surging today, as Wall Street reacts positively to the U.S. midterm election results. The Dow Jones Industrial Average (DJI) is deep into triple-digit territory at last check -- pacing for a third straight win -- as insurance giant UnitedHealth (UNH) pops after Idaho, Utah, and Nebraska voted to expand Medicaid programs for low-...Read More

DVA is on pace for its best day of 2018Yesterday's midterm elections have several sectors moving, and dialysis service provider DaVita Inc (NYSE:DVA) is no exception. The shares are on pace for their best day since an M&A-inspired bull gap in early December, after California's Proposition 8 was defeated. The measure would have capped the rates dialysis providers charge insured patients. As such, a...Read More

SHANGHAI - China's exports of alumina last month were roughly equal to September's bumper volumes, the president of Aluminum Corp of China Ltd, said on Wednesday."I estimate that October was more or less the same as September," Lu Dongliang told Reuters on the sidelines of a signing ceremony at the China International Import Expo in Shanghai. The Chinese company, also known as Chalco, is one of th...Read More

What it means when S&P stocks achieve a selling climaxThe stock market last week attempted to chip away at its steep October losses, with the S&P 500 Index (SPX) enjoying its best week since March. What's more, over 10% of SPX stocks achieved a "selling climax" -- something we haven't seen since January 2016. For the uninitiated, a selling climax occurs when a stock hits a 52-week low in intraweek...Read More

JAKARTA - Indonesia's South Sumatra province plans to ban coal transporters from using public roads from Nov. 8, an industry association said, in a move estimated to cut the province's annual coal sales by 23 million tonnes.Indonesia is the world's top thermal coal exporter, and South Sumatra's total output of the fuel this year was expected to be 48.5 million tonnes, the Indonesian Independent Po...Read More

After a surge in prices last year, enthusiasm for cobalt has been fading, partly because of a surge in new supply. But sentiment could be changing after Glencore's unit in the Democratic Republic of Congo suspended cobalt sales after detecting low levels of radioactivity.Glencore Plc's sudden discovery that some of its cobalt is radioactive could not have come at a better time."It's nice to finall...Read More

Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans"), announces that it has issued a convertible unsecured promissory note (the "Note"). The Note has an outstanding principal amount of CAD$275,000, accrues interest at a rate of 12% per annum, matures 36 months from the date of issuance, and is convertible, from time to time, in whole or in part, into...Read More

INFN hit a record low out of the gateOptical networking equipment concern Infinera Corp. (NASDAQ:INFN) is suffering a massive sell-off in early trading, after being pummeled with bear notes following the company's third-quarter revenue miss and disappointing fourth-quarter profit outlook. No fewer than three brokerage firms have slashed their price targets on the stock, including a notable drop t...Read More

Quarterly revenue fell short of expectations and same-store sales slumpedThe shares of Michael Kors Holdings Ltd (NYSE:KORS) have plunged 16% to trade at $48.50 -- fresh off a new annual low of $47.47. Although the retailer said fiscal second-quarter adjusted earnings arrived at $1.27 per share, more than analysts were expecting, the $1.25 billion in revenue it earned over the three-month period f...Read More

Afghanistan selected preferred bidders for three gold and copper mines in 2012. It took the war-torn nation six years to finally sign the contracts.Afghan President Ashraf Ghani announced the deals in the past few weeks. The government took time to finalize the agreements because it wanted to ensure they were transparent and will help eliminate corruption in awarding contracts, Ghani said in an in...Read More

Afghanistan selected preferred bidders for three gold and copper mines in 2012. It took the war-torn nation six years to finally sign the contracts.Afghan President Ashraf Ghani announced the deals in the past few weeks. The government took time to finalize the agreements because it wanted to ensure they were transparent and will help eliminate corruption in awarding contracts, Ghani said in an in...Read More

Afghanistan selected preferred bidders for three gold and copper mines in 2012. It took the war-torn nation six years to finally sign the contracts.Afghan President Ashraf Ghani announced the deals in the past few weeks. The government took time to finalize the agreements because it wanted to ensure they were transparent and will help eliminate corruption in awarding contracts, Ghani said in an in...Read More

Afghanistan selected preferred bidders for three gold and copper mines in 2012. It took the war-torn nation six years to finally sign the contracts.Afghan President Ashraf Ghani announced the deals in the past few weeks. The government took time to finalize the agreements because it wanted to ensure they were transparent and will help eliminate corruption in awarding contracts, Ghani said in an in...Read More

The skin condition expert fell to an annual low yesterdayNear the top of the Nasdaq today sits Foamix Pharmaceuticals Ltd (NASDAQ:FOMX), up 12.7% to trade at $11.4, after the drugmaker said its experimental foam treatment for rosacea met its late-stagy study goals. The company expects to file for a U.S. marketing application in 2019, with some projecting sales for the treatment to reach $110 mill...Read More

Options traders had been targeting puts on Etsy and TwilioWe recently took a look at the pre-earnings options activity onEtsy Inc (NASDAQ:ETSY) and Twilio Inc (NYSE:TWLO), and interestingly, speculators were taking a bearish approach on both stocks. While some of this may have been shareholders hedging, given both stocks' strong showings on the charts this year, anyone who was expecting an earning...Read More

Michigan just became the latest state to legalize cannabis.Read full newsRead More

NEWPORT BEACH, Calif./SANTIAGO - Albemarle Corp's claim to have developed a unique process that would more than triple its lithium production from Chile's Atacama Desert without using more water is drawing increased scrutiny from regulators and investors pushing for more details.The development could help Albemarle cement its position as the world's largest lithium company, just as global demand f...Read More

The Fed's two-day meeting begins todayFutures on the Dow Jones Industrial Average (DJI) are higher this morning, up over 150 points and eyeing a third straight win, as investors digest the midterm election results from last night. Election Day brought little that surprised investors, as Democrats took the House and Republicans maintained control of the Senate. Blue chips such as Caterpillar (CAT)...Read More

Following its recent announcement of a partnership with Purlucid Treatment Solutions, Vancouver-based MGX Minerals (CSE: XMG) said today that it is moving forward with its third petrolithium and advanced wastewater treatment system to recover lithium from brine.In detail, MGX said that the manufacturing of nano-filtration membrane housing is underway and primary nano-flotation, piping, and structu...Read More