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

LONDON (Reuters) - Gold jewelry sales in number one market China are finally picking up after years of decline, but consumers are still shying away from platinum.Chinese jewelry sales are a key component of global demand for both physical gold and platinum, accounting for 14 percent and 16 percent of consumption respectively. Since peaking in 2013, both have fallen by around a third.Analysts and j...Read More

Gold futures settled higher Tuesday for the first time in three sessions, to reclaim $1,300-an-ounce level as the U.S. dollar stronger turned lower for the week, helping the precious metal recoup some investment interest. August gold GCQ8, -0.05% tacked on $4.90, or 0.4%, to settle at $1,302.20 an ounce after falling in each of the last two sessions. Its settlement Monday at $1,297.30 marked the l...Read More

Production at Escondida began in 1990 and peaked in 2007 at more than 1.4 million tonnes of copper. Image: BHPCopper jumped 3.7% in New York on Tuesday to trade at $3.25 a pound ($7,165 a tonne), the highest since end-February, as worries about supply disruptions in key producing region resurface.Workers at the Escondida copper mine in Chile put down quite a marker in the third round of contract n...Read More

The healthcare concern could enjoy a short squeezeThe shares of gene therapy concern Abeona Therapeutics Inc (NASDAQ:ABEO) are set for their best day in nearly two months, up 15.5% to trade at $17.92, thanks to a bullish analyst note. Specifically, Seaport Global started coverage of ABEO stock with a "buy" endorsement and $29 price target -- representing 90% upside to the security's closing price...Read More

H.C. Wainwright waxed optimistic on the company's efforts to reduce debtValeant Pharmaceuticals Intl Inc (NYSE:VRX), which will change its name to Bausch next month, is trading up 5.4% at $23.18, after an analyst at H.C. Wainwright said the drugmaker is becoming more financially fluid thanks to a lighter debt load. While the brokerage firm maintained its "neutral" rating and $20 price target, toda...Read More

FIVE has had a great year, touching a record high todayDiscount retailer Five Below Inc (NASDAQ:FIVE) is slated to report first-quarter earnings after the close tomorrow, June 6. Five Below stock is up 2.1% at $78.88, at last check, and fresh off a record high of $79.23. The retail name has been on a tear on the charts since its July lows, up 78% with help from its rising 120-day moving average. A...Read More

Call buying has been extremely popularEnergy stocks have made headlines in recent weeks amid fluctuating oil prices. Lesser-known oil-and-gas concern Encana Corp (NYSE:ECA) has had an equally volatile year, but recently pulled back to a trendline that could have bullish implications.More specifically, Encana stock recently fell to its 60-day moving average. In fact, over the past two years, whe...Read More

Office Depot Inc (NYSE:ODP) keeps on fighting. Two years ago, the Federal Trade Commission appeared to deal the company a knockout blow. The country’s largest office supply chains, Staples and Office Depot, had intended to merge. For whatever bizarre reason, the FTC blocked the deal as being uncompetitive. ODP stock plunged following the decision.Staples had a much stronger competi...Read More

Small-cap stocks are also gaining todayThe Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are searching for direction at the halfway point, though the Nasdaq Composite (IXIC) continues to outperform. In fact, the index earlier reached a fresh record high, as tech stocks keep pushing higher. Heavyweights such as Apple (AAPL), Netflix (NFLX), and Amazon (AMZN) are just a few names that h...Read More

AMD stock just sent up a signal that's had bullish implications in the pastAdvanced Micro Devices, Inc. (NASDAQ:AMD) has been one of the most volatile stocks on the S&P 500 Index (SPX) in the summer months in the past 10 years, per data from Schaeffer's Senior Quantitative Analyst Rocky White. And while AMD's average return over the June-through-August period has been negative 6.37%, most of these...Read More

The Trump administration has quietly asked Saudi Arabia to increase oil production by about 1 million barrels a day, enough to offset expected oil export declines as a result of Trump's renewed embargo on Tehran.Read full newsRead More

(Bloomberg) - Murray Energy Corp., the coal miner led by Robert E. Murray, said some of its debt holders agreed to refinance a chunk of the company's bonds and loans as the Trump administration makes a new push to buoy the struggling fossil fuel industry.The deal cuts debt and gives Murray Energy more time to repay obligations, in return for a higher interest rate and more collateral, the company...Read More

(Bloomberg) - Canadian crude surged by the most ever after Enbridge Inc. said it won't implement a new procedure to stop shippers from claiming more space than they can use on a key pipeline linking Alberta's oil sands with U.S. refineries.Western Canadian Select jumped as much as $12.20 a barrel to $13.80 below the U.S. benchmark Monday, the narrowest spread since May 16. Canadian crudes have we...Read More

SANTIAGO, June 5 (Reuters) - Chilean lithium miner SQM has retained former chairman Julio Ponce as an adviser, according to Chilean state development agency Corfo, despite an agreement to distance himself from the firm to end a long-running royalties dispute.Ponce and his brother Eugenio, a former president of the world's biggest exporter of lithium carbonate, were employed as strategic advisers i...Read More

WASHINGTON, June 5 (Reuters) - Republican and Democratic U.S. senators plan to introduce as soon as Tuesday legislation that would force President Donald Trump to obtain Congress' approval before imposing tariffs on national security grounds, a senior senator said on Tuesday.Republican Senator Bob Corker, chairman of the Foreign Relations Committee, said legislation would be introduced on Tuesday...Read More

Mylan's new cancer infection drug will be a competitor to AMGN's NeulastaThe Food and Drug Administration (FDA) just approved Fulphila, a cancer infection treatment developed by Mylan N.V. (NASDAQ:MYL) and India-based Biocon (BION). The drug will be launched in the coming weeks. In response, Leerink issued a price-target hike to $53 from $52, while an analystat RBC noted the approval sets the to...Read More

The insurance stock seems overdue for a round of bullish brokerage notes, too Insurance concern Progressive Corp (NYSE:PGR) has been on a tear over the last 12 months, adding more than 45%. More recently, the stock broke to a new record high late last month following a sharp bounce off its 40-day moving average. However, regardless of its technical tenacity, the security remains surrounded by pess...Read More

Recent strength in oil prices and the greenback will likely weigh on the sectorMorgan Stanley chimed in on cruise lines today, saying recent strength in oil prices and the U.S. dollar have created stiff headwinds for the sector. The brokerage firm lowered its earnings-per-share (EPS) forecasts and price targets for several names within the sector, including Carnival Corp (NYSE:CCL) and Royal Carib...Read More

JOHANNESBURG, June 5 (Reuters) - South Africa's Harmony Gold said on Tuesday that it would sell new shares to raise up to 1.26 billion rand ($98.75 million) through an accelerated book-building.The proceeds will be used to used to pay down part of Harmony Gold's outstanding $150 million bridge loan raised for the acquisition of the Moab Khotsong mine.The size of the new share placement represents...Read More

The former CEO will step down as executive chair later this monthCoffee stock Starbucks Corporation (NASDAQ:SBUX) is lower in early trading, after the company's former CEO and co-founder Howard Schultz announced that he will retire from the executive chairman role on June 26 -- the anniversary of taking SBUX public in 1992. As part of his next chapter, Schultz stated that he hopes to take part "in...Read More