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

SHANGHAI, Jun 6 (SMM) – Spot copper was mostly offered at a discount of 60 yuan/mt to flat over the SHFE 1806 contract in the Shanghai market on Wednesday June 6. This compared with a discount of 30 yuan/mt to a premium of 30 yuan/mt on Tuesday June 5.The SHFE 1806 contract traded robustly this morning. It gained over 700 yuan/mt from the previous day to close at 52,580 yuan/mt in the mornin...Read More

SHANGHAI, Jun 6 (SMM) –Copper: Trading levels of copper prices climbed up as the US dollar weakened and as the worries over supply from the Escondida labour negotiation sustained. The SHFE 1807 and 1808 contracts surged overnight and are expected to extend their gains today. We see LME copper trading at $7,100-7,160/mt today with the most traded SHFE contract at 52,800-53,300 yuan/mt. A...Read More

SHANGHAI, Jun 6 (SMM) – To ease concerns of shortages of charging stations, Guangdong Power Grid will invest 2.7 billion yuan to build over 10,000 charging points across the province by the end of 2020, Chinanews reported on Tuesday June 5.The company will also work with the Guangdong Provincial Communication Group to develop charging infrastructure along expressways across th...Read More

SHANGHAI, Jun 6 (SMM) –Copper: Trading levels of copper prices climbed up as the US dollar weakened and as the worries over supply from the Escondida labour negotiation sustained. The SHFE 1807 and 1808 contracts surged overnight and are expected to extend their gains today. We see LME copper trading at $7,100-7,160/mt today with the most traded SHFE contract at 52,800-53,300 yuan/mt. A...Read More

SHANGHAI, Jun 6 (SMM) – Production at Baiyin Nonferrous Group's three zinc smelters resumed operation as of Wednesday June 6 after maintenance, SMM learned. Maintenance began from the start of May to early June, and affected zinc output of over 10,000 mt. All production lines of the Group's zinc smelters will maintain normal production in the near term.Baiyin...Read More

SHANGHAI, Jun 6 (SMM) –Copper: Trading levels of copper prices climbed up as the US dollar weakened and as the worries over supply from the Escondida labour negotiation sustained. The SHFE 1807 and 1808 contracts surged overnight and are expected to extend their gains today. We see LME copper trading at $7,100-7,160/mt today with the most traded SHFE contract at 52,800-53,300 yuan/mt. A...Read More

Emerging markets, EMs, have had an amazing run over the past two years. Moving in lock step with U.S. stock markets, the leading EM stock ETF has produced gains of over 50% since early 2016.But just as U.S. stocks have run into higher volatility and major drawdowns in recent months, EM stocks have also encountered head winds. A major reversal of EM stock gains is emerging.Your correspondent in fro...Read More

The Federal Reserve is unwinding its balance sheet.At the same time, the Treasury is issuing gorgeous amounts of debt to pay for the Trump tax cuts.Are the two policies - seemingly disconnected - combining to create a dollar liquidity crisis?Today we identify hidden linkages... connect far-flung dots... and unearth potential seeds of mischief.We first set the scene...The Fed inflated its balance s...Read More

Stocks are making another set of new highs this week much to the delight of investors across the country.What’s that? You thought the market was still in a correction?You must be looking at the wrong chart...Because today - and actually for more than two weeks - stocks have been making new all-time highs.See for yourself!The Small Stock Market That’s Notching Big GainsWhen investors he...Read More

(IDEX Online) - Jewelers for Children held its 20th annual Facets of Hope event on June 3, announcing that $1.95 million had been raised to support their charity partners in the year ahead bringing the cumulative total since 1999 to $55.5 million that has been donated on behalf of the industry to help children in need.   "What an amazing milestone for the charity, and particularly for our in...Read More

(IDEX Online) - The Diamond Empowerment Fund (D.E.F) has reported its most successful Diamonds Do Good Awards to-date.   The funds raised will be used to provide higher education scholarships and assistance to empower young people living in diamond producing countries and where the diamond industry does business and to help communicate the 'diamonds do good' impact to consumers.   Botsw...Read More

JOHANNESBURG – South Africa’s government has scrapped plans to compel mining companies to contribute 1% of their annual turnover to a new community development agency because it feared the funds could be abused, the nation’s mining minister said.The levy was proposed in a draft of the nation’s new Mining Charter that was introduced by Mosebenzi Zwane, the former mineral res...Read More

I've raised a couple million bucks for a few cannabis companies that have gone on to do quite well.My group of accredited investors funded Emblem (TSX-V: EMC) while it was still private, getting shares at 75 cents.Those shares subsequently went as high as $4.60 - a 513% gain - and Emblem is one of the fastest-growing producers in Canada, currently undergoing an expansion to 17,000 kilograms of ann...Read More

The US dollar is firm ahead of the FOMC meet next week. The European political crisis is partly to blame for the US dollar's gain. Big moves in gold and silver or energy space will be there from Thursday as short term traders prepare for FOMC. Over the past five years, I have seen gold demand in India rising sharply around the end of "Ramzan Eid". The same is applicable to other nations where th...Read More

The US dollar is firm ahead of the FOMC meet next week. The European political crisis is partly to blame for the US dollar's gain. Big moves in gold and silver or energy space will be there from Thursday as short term traders prepare for FOMC. Over the past five years, I have seen gold demand in India rising sharply around the end of "Ramzan Eid". The same is applicable to other nations where th...Read More

You might think of it as a car company, but from Australia to Puerto Rico the company is also changing the world's power grids-and making renewable energy more reliable.Read full newsRead More

Apple and Amazon stocks scored all-time highs todayThe Dow and S&P 500 explored both sides of breakeven today, with intraday gains kept in check by concerns about U.S. trade. While the DJI ended with a modest loss, the S&P eked out a win. However,the Nasdaq vaulted to a record high and a second straight record close, thanks to a resurgent tech sector. FAANG staples Apple (AAPL) and Amazon (AMZN) c...Read More

Plus, RGNX is at a record high ahead of joining the S&P SmallCap 600Stocks are modestly higher at midday, astech remains in focus. Three names making notable moves in today's trading are retailer Macy's Inc (NYSE:M), athletic device maker Fitbit Inc (NYSE:FIT), and drug concern Regenxbio Inc (NASDAQ:RGNX). Below we will take a closer look at howshares of M, FIT, and RGNX have been faring on the...Read More

WTW stock hit a seven-year high earlierShares of Weight Watchers International, Inc. (NYSE:WTW) have jumped 7.2% to trade at $85.27, and earlier hit a seven-year high of $86.76. BofA-Merrill Lynch became the latest brokerage firm to pour love on WTW stock -- initiating coverage with a "buy" rating and $95 price target, and saying the Oprah-endorsed company should lead the weigh management pack in...Read More

The designer, 55, reportedly committed suicideThe shares of Tapestry Inc (NYSE:TPR) -- nee Coach -- are down 1.7% at $44.38, amid reports that designer Kate Spade committed suicide. Tapestry bought Spade's namesake brand last year, though last quarter's Kate Spade sales left much to be desired. Against this backdrop, TPR options are flying off the shelves this afternoon.It's been a rough few weeks...Read More