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

MELBOURNE (Reuters) - Metals traders are moving jobs for the first time in years as a price recovery spills into the trading sector, and more hires are expected as brokers eye opportunities from China's mainland exchanges opening to investors abroad.The signs of an uptick follow a six-year industry shake-out as years of declining prices led to the exit of major traders such as Barclays and Deutsch...Read More

The truck stock has seen choppy trading since late MarchTruck and machinery manufacturer Navistar International Corp (NYSE:NAV) is slated to report fiscal second-quarter earnings before the market opens tomorrow, June 5. Navistar stock is down 0.4% at $38.77 at last check, and has seen choppy trading since its late-March lows. More recently, NAV has struggled to break above the 200-day moving ave...Read More

Source: Maurice Jackson for Streetwise Reports 06/01/2018Matthew Gili, CEO of Nevada Copper, speaks to Maurice Jackson of Proven and Probable about the company's plans to go into production.Maurice Jackson: Today we will highlight the next mid-tier production company. I'm speaking of Nevada Copper Corp. (NCU:TSX; NEVDF:OTC.MKTS), North America's next copper producer. Joining us for a conversat...Read More

Source: Maurice Jackson for Streetwise Reports 06/01/2018Matthew Gili, CEO of Nevada Copper, speaks to Maurice Jackson of Proven and Probable about the company's plans to go into production.Maurice Jackson: Today we will highlight the next mid-tier production company. I'm speaking of Nevada Copper Corp. (NCU:TSX; NEVDF:OTC.MKTS), North America's next copper producer. Joining us for a conversat...Read More

(Bloomberg) - Gold may have posted two straight months of declines, but is set to shrug off the blues and rise in 2019 as the dollar weakens.The precious metal will start to rebound in the final quarter of this year to average $1,375 an ounce in the last three months of next year and could touch a high of $1,400, said Bart Melek, global head of commodity strategy at TD Securities in Toronto. That...Read More

LONDON/MOSCOW, June 4 (Reuters) - In a bid to free Rusal from U.S. sanctions, the independent directors of the company controlling Russia's biggest aluminium producer have hired Rothschild to advise on the sale of billionaire Oleg Deripaska's stake, a source said.Deripaska and the biggest firms in his empire, including Rusal and holding company En+, were included in April's U.S. Treasury Departmen...Read More

The FAANG stock was on a four-day winning streak heading into today's tradingData privacy concerns that plagued Facebook Inc (NASDAQ:FB) last spring resurfaced over the weekend, after the New York Times reported the company gave a number of its partnered phone and device makers -- such as Apple (AAPL) and Amazon (AMZN) -- unauthorized access to user data. In response, Facebook has insisted the pa...Read More

bluebird bio stock has been on a tear over the past yearBiotech concern bluebird bio Inc (NASDAQ:BLUE) is higher in today's trading after the company reporteddata for its immunotherapy drug bb2121, which showed cancer patients survived for a median of roughly 12 months after receiving the treatment before their conditions worsened. In response, BLUE is 2.4% higher to trade at $186.80. Thisprice a...Read More

Early data for the company's combination cancer treatment is sparking the sell-offShares of Nektar Therapeutics (NASDAQ:NKTR) have plunged 30.8% to trade at $62.50 -- pacing for their worst day since August 2004 -- after early data from the company's experimental cancer treatment, NKTR-214, with Bristol-Myers Squibb's (BMY) Opdivo failed to meet Wall Street's expectations. Specifically, the respon...Read More

OTTAWA, June 4 (Reuters) - Canada's cabinet on Monday discussed how to protect the domestic steel and aluminum industry from U.S. tariffs, just hours ahead of a scheduled meeting between Prime Minister Justin Trudeau and domestic industry leaders.U.S. President Donald Trump last week unveiled a 25 percent tariff on Canadian steel and a 10 percent tariff on aluminum, citing national security reason...Read More

BEIJING, June 4 (Reuters) - Aluminum Corp of China , known as Chinalco, at the weekend said it had started work on a $1.3 billion expansion of its Toromocho copper mine in central Peru. The investment will increase the mine's copper output by 45 percent by 2020, with the value of production exceeding $2 billion annually, Chinalco Chairman Ge Honglin said at a groundbreaking ceremony in Peruvian ca...Read More

BEIJING, June 4 (Reuters) - Aluminum Corp of China , known as Chinalco, at the weekend said it had started work on a $1.3 billion expansion of its Toromocho copper mine in central Peru. The investment will increase the mine's copper output by 45 percent by 2020, with the value of production exceeding $2 billion annually, Chinalco Chairman Ge Honglin said at a groundbreaking ceremony in Peruvian ca...Read More

WHR shares hit a two-year nadir on FridayShares of home appliance giant Whirlpool Corporation (NYSE:WHR) have had a rough 12 months, falling almost 23% and touching a two-year low of $143.11 on Friday. The stock got a brief shot in the arm back in January after the Trump administration announced tariffs on imported washing machines, but those gains evaporated quickly and the long-term downtrend wa...Read More

Trade negotiations between Washington and Beijing fell apart over the weekendFutures on the Dow Jones Industrial Average (DJI) are trading well above fair value this morning, as the blue-chip index looks to build on Friday's jobs rally. This is helping offset trade war fears, with the U.S. and China failing to agree on tariff terms over the weekend, and finance ministers from the non-U.S. Group of...Read More

Gold mine owners have polluted a river in Brazil's Tapaj??s basin and placed a price on the heads of resisting Munduruku leaders. A federal raid in May failed to stem the conflict.Read full newsRead More

Stocks have been all bark and no bite, stuck in a trading range -- but that could change "If a pullback occurs ... bulls want to see support on the SPY come into play between $266.86 -- its 2017 close -- and the $270.43 level."-- Monday Morning Outlook, May 14, 2018"[M]arket participants are currently at the ready to accumulate stocks or cover short positions at the slightest hint of a pullback .....Read More

Commercial banks are putting gold into Turkey's central bank to help deal with rapid inflationRead full newsRead More

Tanzania will issue large-scale mining licences only after cabinet approval, a senior official said on Friday, part of new measures aimed at further tightening control of the industry.Read full newsRead More

SHANGHAI, Jun 4 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index closed at 94.179 last Friday, slightly down over the week. The index registered a six-month high of around 95.02 in the middle of last week and then lost the gains. The strong performance of US nonfarm payrolls further fuelled the anticipation of...Read More

SHANGHAI, Jun 4 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index closed at 94.179 last Friday, slightly down over the week. The index registered a six-month high of around 95.02 in the middle of last week and then lost the gains. The strong performance of US nonfarm payrolls further fuelled the anticipation of...Read More