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

Kenya plans to set up a gold refinery to help small scale miners in the west of ...Read full newsRead More

Gold futures fell Friday but secured a weekly advance, their third in a row, as a leading dollar index softened and stocks put in a mixed session. Investors kept tabs on budget tensions in Europe, which could have consequences for broader market sentiment. December gold GCZ8, -0.01% fell $1, or 0.1%, to $1,229.10 an ounce after spending time in positive and negative territory. The ICE U.S. Dollar...Read More

Gold futures fell Friday but secured a weekly advance, their third in a row, as a leading dollar index softened and stocks put in a mixed session. Investors kept tabs on budget tensions in Europe, which could have consequences for broader market sentiment. December gold GCZ8, +0.06% fell $1, or 0.1%, to $1,229.10 an ounce after spending time in positive and negative territory. The ICE U.S. Dollar...Read More

Incyte Corporation reported upbeat mid-stage results for its lung cancer treatmentEarlier today, Incyte Corporation (NASDAQ:INCY) reported upbeat results from its mid-stage study of Capmatinib, the company's lung cancer treatment sponsored by Novartis (NOVN). Incyte Corporation says the successful development could net over $500 million in future milestones. INCY stock is up 3.4% to trade at $66....Read More

WASHINGTON, Oct 19 (Reuters) - The U.S. Environmental Protection Agency said on Friday it has withdrawn a regulation proposed in the last days of the Obama administration that aimed to tighten health and safety compliance rules for uranium miners.On Jan. 19, 2017 - a day before Donald Trump took office as president - the EPA had proposed standards to regulate by-product materials produced by urani...Read More

WASHINGTON, Oct 19 (Reuters) - The U.S. Environmental Protection Agency said on Friday it has withdrawn a regulation proposed in the last days of the Obama administration that aimed to tighten health and safety compliance rules for uranium miners.On Jan. 19, 2017 - a day before Donald Trump took office as president - the EPA had proposed standards to regulate by-product materials produced by urani...Read More

Three weeks ago, BMW stock tumbled after the German auto giant slashed revenue, profit and EBIT margin guidance blamingRead full newsRead More

Oct 19 - Iron ore producer Cleveland-Cliffs Inc Chief Executive Officer Lourenco Goncalves slammed Wall Street financial analysts on Friday, saying some of them were an "embarrassment" and did not understand his company's business.Responding to a question by B. Riley analyst Lucas Pipes during the company's quarterly earnings conference call, Goncalves blasted other analysts for what he called the...Read More

Tesla has finally released a $35,000 Model 3. The only problem? It costs $45,000.Read full newsRead More

President Trump and Chinese President Xi Jinping haveRead full newsRead More

But, on the bright side, weed is legal now, eh?!Read full newsRead More

The U.K. has warned that a no-deal Brexit risks London being frozen out of the global diamond trade.Britain is a member of the Kimberley Process, the global certification program used to track and prevent the trade of conflict gems, through its European Union membership. The country will need to apply for its own membership post Brexit, and the government last week warned diamond traders that any...Read More

The U.K. has warned that a no-deal Brexit risks London being frozen out of the global diamond trade.Britain is a member of the Kimberley Process, the global certification program used to track and prevent the trade of conflict gems, through its European Union membership. The country will need to apply for its own membership post Brexit, and the government last week warned diamond traders that any...Read More

HAL has been struggling since its mid-May highsOil name Halliburton Company (NYSE:HAL) is trading up 1.9% at $38.73 today, but the shares have been declining since their mid-May highs. Most recently, HAL touched a two-year low of $35.75 on Sept. 2. More broadly, oil stocks are taking a hit this week on oversupply concerns and a sector-wide bear note out of J.P. Morgan Securities yesterday. Meanwh...Read More

Chinese markets rallied after yesterday's steep dropThe Dow Jones Industrial Average (DJI) is moving higher into the weekend, boosted by well-received earnings reports from the likes of American Express (AXP) and Procter& Gamble (PG), with PG up 6.8% to lead the blue-chip index at midday. Investors are also breathing a sigh of relief over China, after the country's securities regulator announced n...Read More

Montan Mining Corp. (TSXV:MNY; FSE:S5GM; SSE: MNYC) (Read full newsRead More

STOCKHOLM/MOSCOW, Oct 19 (Reuters) - Russia's Rusal may be forced to close its Kubal aluminium smelter in Sweden if the U.S. sanctions are not lifted, a Kubal representative who declined to be named told Reuters on Friday.The Kubal aluminium smelter in Sweden, Rusal's only primary metal production facility outside of Russia, produced 123,000 tonnes of metal last year. It employs just under 500 peo...Read More

The UK government's hot-cold approach to electric vehicles shows stumbling blocks to major take-upRead full newsRead More

The stock has pulled back recently with crude oil pricesEnergy stocks have taken a hit this week, as crude oil prices dropped on oversupply concerns. However, it could be time to buy the dip on one oil stock: Marathon Oil Corporation (NYSE:MRO). The shares have pulled back to a key trendline, which has had very bullish implications for MRO in the past.Marathon Oil stock has been in a channel of hi...Read More

Private equity firm Waterton Global Resource Management, which now owns about 7% of Hudbay Minerals (TSX, NYSE: HBM) said Friday it would call a special shareholder meeting of the Canadian base and precious metals miner after it refused its proposal for board changes.Waterton is asking Hudbay to replace some members of its board, as well as agree to a moratorium on acquisitions.Waterton is asking...Read More