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

Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, confirmed Wednesday local media reports saying that one of its staff members and a former employee were detained by the country's anticorruption authority.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), updated the market later in the day, announcing that its three local subsidiaries, an employee and a former staffer had been...Read More

Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, confirmed Wednesday local media reports saying that one of its staff members and a former employee were detained by the country's anticorruption authority.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), updated the market later in the day, announcing that its three local subsidiaries, an employee and a former staffer had been...Read More

The security has pulled back since touching a record peak on Oct. 1Shares of Abbott Laboratories (NYSE:ABT) are taking a hit in early trading, last seen down 1.7% at $69.74, following the company's third-quarter earnings report. Per-share earnings were in line with estimates, but the healthcare concern cut the top end of its adjusted full-yearforecast. From a longer-term perspective, ABT stock ha...Read More

Oct 17 - Gold and silver miner Hochschild Mining Plc on Wednesday raised its annual output target and forecast lower mining costs, as its Inmaculada mine in Peru produced higher grade ore.The company, which operates three mines in southern Peru and one in southern Argentina, raised its full-year production target to 520,000 gold equivalent ounces from 514,000 gold equivalent ounces.Hochschild also...Read More

MADRID, Oct 17 (Reuters) - Alcoa said on Wednesday it would close two of its three aluminium plants in Spain with a combined annual production of 180,000 metric tonnes, resulting in the lay off of almost 700 workers.The U.S. company said it was starting a consultation process with workers' representatives and was committed to negotiating a social plan with unions.Negotiations begin on Oct. 31 and...Read More

ArcelorMittal SA said on Wednesday it would pay 74.69 billion rupees ($1.01 billion) to creditors of two Indian companies in which it previously held stakes, in order to make its acquisition offer valid for Essar Steel, another debt-ridden Indian steel firm.ArcelorMittal will clear overdue debt of steel firm Uttam Galva Steels and oil and gas pipeline construction services provider KSS Petron, two...Read More

ROKU has found support near its 80-day moving averageThe shares of Roku Inc (NASDAQ:ROKU) are up 3% ahead of the bell, after a ban on its devices in Mexico was lifted. The ban resulted from a copyright dispute due to hackers and pirated content. The streaming stock is also likely enjoying a halo lift from Netflix (NFLX), following the sector peer's upbeat earnings report. On the charts, Roku sto...Read More

Netflix shares are surging in pre-market tradingU.S. stock futures are pointing toward a mixed open this morning. The Dow Jones Industrial Average (DJIA) looks set for a meaningful pullback after yesterday's massive rally, with Dow component IBM (IBM) down pre-market after earnings. On the other hand, Nasdaq-100 (NDX) futures are comfortably above fair value, thanks to impressive Netflix (NFLX) ea...Read More

There's a few "sneaky" tricks Wall Street doesn't want made public.While pretending to be pillars of investing intelligence and integrity...The richest, most influential billionaires on Wall Street are secretly manipulating the market - and they don't care who gets hurt in the process.It's nothing personal...They have multi-million dollar bonuses to collect and high-rise condos to buy their mistre...Read More

Anglo American Brazi'sl chief executive, Ruben Fernandes, has hinted at a potential major copper discovery on the edge of the Amazon rainforest by saying the results of an ongoing drilling campaign in the area were "very promising".He was referring to a 19,000 square kilometres-property, equivalent to the size of Israel, the company has been exploring since July and where it has already drilled si...Read More

Anglo American Brazi'sl chief executive, Ruben Fernandes, has hinted at a potential major copper discovery on the edge of the Amazon rainforest by saying the results of an ongoing drilling campaign in the area were "very promising".He was referring to a 19,000 square kilometres-property, equivalent to the size of Israel, the company has been exploring since July and where it has already drilled si...Read More

Botswana Diamonds (LON:BOD) and its joint venture partner in Zimbabwe Vast Resource (LON:VAST), are stepping up exploration activity at their concession in the African nation's Marange Fields area.The decision comes after the companies received Wednesday a preliminary geological assessment of the property, which shows Heritage contains several targets for modern alluvial diamond placer deposits.It...Read More

Botswana Diamonds (LON:BOD) and its joint venture partner in Zimbabwe Vast Resource (LON:VAST), are stepping up exploration activity at their concession in the African nation's Marange Fields area.The decision comes after the companies received Wednesday a preliminary geological assessment of the property, which shows Heritage contains several targets for modern alluvial diamond placer deposits.It...Read More

Botswana Diamonds (LON:BOD) and its joint venture partner in Zimbabwe Vast Resource (LON:VAST), are stepping up exploration activity at their concession in the African nation's Marange Fields area.The decision comes after the companies received Wednesday a preliminary geological assessment of the property, which shows Heritage contains several targets for modern alluvial diamond placer deposits.It...Read More

Chile's state miner Codelco, the world's No.1 copper producer, has submitted an environmental impact assessment (EIA) for a project that would extend the productive life of its aging Salvador mine by 40 years and increase output by 30 percent.The Rajo Inca project would convert the existing mine, which has been in operation since 1959 and is due to run out of ore in 2021, to an open pit mine from...Read More

* Missing journalist case strains U.S.-Saudi ties* Iran exports 1.33 mln bpd of crude in Oct. 1-14: Refinitiv* U.S. shale output to hit record 7.7 mln bpd in Nov -EIA* U.S. crude inventories seen up for fourth week -Reuters poll* API reports U.S. crude stocks fall 2.1 mln bbls last week (Adds API data, price move)By Devika Krishna KumarNEW YORK, Oct 16 (Reuters) - Oil prices edged up in cautious t...Read More

* Co maintains annual revenue forecast of 6-8 pct* CEO says sees strong demand outlook* See spends coming back in North America - COO (Recasts, add execs' comments from news conference)By Sankalp Phartiyal and Krishna V KurupMUMBAI/BENGALURU, Oct 16 (Reuters) - Infosys Ltd INFY.NS retained its revenue forecast for the current financial year, with the chief of India's second largest IT firm sayin...Read More

Oct 16 (Reuters) - Amazon.com Inc AMZN.O is likely to buy an at least 7 percent to 8 percent stake in India's Future Retail (NS:FURE) Ltd FRTL.NS through an investment arm, CNBC-TV 18 reported, citing sources.The potential cash-and-stock deal, which is in its final stages, could be worth 25 billion rupees ($338 million) and is likely to be signed in the next two weeks, the channel https://www.cn...Read More

(The opinions expressed here are those of the author, a columnist for Reuters)* Global Copper Stocks: https://tmsnrt.rs/2OwwYKI* Stocks by Exchange: https://tmsnrt.rs/2OsdVRnBy Andy HomeLONDON, Oct 16 (Reuters) - The copper market is currently experiencing a squeeze on physical metal.This is unexpected.The London Metal Exchange (LME) price CMCU3 is treading water just above the $6,000 level, strug...Read More

While investing in gold stocks has pretty much been a losing proposition in the last five years and more, one thing caught my attention last week.As I know you are well aware of, on October 9, the S&P/TSX Composite Index began a sell-off that spooked investors, leaving us wondering if this is the sell-off we have been waiting for and/or dreading. The TSX index declined 3.4% in the next two da...Read More