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

JAKARTA, May 31 (Reuters) - Indonesian coal miner Adaro Energy said Australian authorities have approved its plan to acquire Rio Tinto's stake in the Kestrel coking coal mine in the Australian state of Queensland, and the company expects to finalise financing for the deal on July 1.Under the planned $2.25 billion transaction, Adaro will take a 48 percent stake of Rio's current 80 percent interest...Read More

Saudi Arabia and Russia just destroyed the oil price rally, potentially putting an end to all the speculation about what the group might do next. But higher production doesn't necessarily mean higher oil prices are entirely out of the question, and in fact, the oil market is still faced with a ton of uncertainty.Higher oil production from the OPEC/non-OPEC group would seem to close off the higher-...Read More

Both names currently have cheap short-term options, tooOil stocks have grabbed headlines lately, amid swinging crude futures. And while this pair of blue-chip energy names are bucking historically bearish headwinds, these under-the-radar mid-cap stocks are worth keeping an eye on, too. In fact, both Oasis Petroleum Inc. (NYSE:OAS) and Nabors Industries Ltd. (NYSE:NBR) arethrowing up potential "...Read More

LIMA, May 30 (Reuters) - Peruvian precious metals miner Buenaventura said Southern Copper Corp is evaluating its proposal to jointly develop Southern's $2 billion copper project Michiquillay, Buenaventura's chief executive told Reuters on Wednesday."They were receptive ... but it's up to them to evaluate the preliminary proposal," Victor Gobitz said in an interview at the International Gold & Silv...Read More

LIMA, May 30 (Reuters) - Peruvian precious metals miner Buenaventura said Southern Copper Corp is evaluating its proposal to jointly develop Southern's $2 billion copper project Michiquillay, Buenaventura's chief executive told Reuters on Wednesday."They were receptive ... but it's up to them to evaluate the preliminary proposal," Victor Gobitz said in an interview at the International Gold & Silv...Read More

LIMA, May 30 (Reuters) - Peruvian precious metals miner Buenaventura said Southern Copper Corp is evaluating its proposal to jointly develop Southern's $2 billion copper project Michiquillay, Buenaventura's chief executive told Reuters on Wednesday."They were receptive ... but it's up to them to evaluate the preliminary proposal," Victor Gobitz said in an interview at the International Gold & Silv...Read More

The three major indexes are still holding on to strong May gains, thoughThe Dow Jones Industrial Average (DJI) is wallowing in red ink at midday, after the Trump administration said it will impose tariffs of 25% and 10% on steel and aluminum imports, respectively, coming from Mexico, Canada, and the European Union, effective tomorrow. All three have indicated retaliatory tariffs against U.S. expo...Read More

(Bloomberg) - A diamond mine in Botswana sold for $8.1 million at an online auction after its liquidators failed to secure viable offers via conventional bids.Online bids for Lerala Diamond Mine opened on May 24 and closed at 5 p.m. local time Wednesday. Lerala, which is owned by Sydney-based Kimberley Diamonds Ltd., was placed under judicial management in June last year due to weak sales and hig...Read More

AAOI is pacing for its biggest weekly gain since early 2014Shares of Applied Optoelectronics Inc (NASDAQ:AAOI) are up 9.2% today to trade at $44.34 -- bringing their week-to-date gain near 28.6%, which would mark their biggest weekly gain since February 2014 -- and some are crediting a short squeeze for the upside. Whatever the reason, options traders are positioning for even bigger gains, with ca...Read More

(Bloomberg) - Tharisa Plc, the platinum and chrome miner run by the Pouroulis family, is considering investing in a $4.2 billion platinum project in Zimbabwe being developed by another company founded by the family.Tharisa would join Karo Resources, founded by mining entrepreneur Loucas Pouroulis, in building the mine, located on the Great Dyke, a 550-kilometer (342 miles) range of hills rich in...Read More

(Bloomberg) - Tharisa Plc, the platinum and chrome miner run by the Pouroulis family, is considering investing in a $4.2 billion platinum project in Zimbabwe being developed by another company founded by the family.Tharisa would join Karo Resources, founded by mining entrepreneur Loucas Pouroulis, in building the mine, located on the Great Dyke, a 550-kilometer (342 miles) range of hills rich in...Read More

JOHANNESBURG, May 31 (Reuters) - South African precious metals producer Sibanye-Stillwater is exploring ways to cut debt, it said on Thursday, but ruled out tapping shareholders for funds.Sibanye had net debt of 23.7 billion rand ($1.9 billion) at the end of December, accumulated after an acquisition spree that saw it diversify from gold to platinum with operations spanning two continents.The comp...Read More

JOHANNESBURG, May 31 (Reuters) - South African precious metals producer Sibanye-Stillwater is exploring ways to cut debt, it said on Thursday, but ruled out tapping shareholders for funds.Sibanye had net debt of 23.7 billion rand ($1.9 billion) at the end of December, accumulated after an acquisition spree that saw it diversify from gold to platinum with operations spanning two continents.The comp...Read More

Eurozone: L??nder mit der h??chsten VerschuldungRead full newsRead More

SHLD shares are sinking after earningsOne of the latest retailers to step in to the earnings confessional was Sears Holdings Corp (NASDAQ:SHLD). The much-maligned retail giant said it swung to a first-quarter loss, and reported sinking revenue that fell short of expectations. The firm also announced plans to shutter 72 more underperforming stores. In response, SHLD stock is down 11.2% to trade at...Read More

(Bloomberg) - Americans produce more junk than any other country, providing a good living for metals dealers like Mark Lewon who specialize in old copper wire, pipe and parts. Most of the stuff fed voracious demand in China, where for years it was recycled and used to build office towers, cars and appliances.Not anymore.In early May, China implemented a 30-day ban on all scrap-copper imports, par...Read More

One analyst thinks this stock will benefit from a "fear-of-missing-out rally"Canaccord Genuity upgraded Biogen Inc (NASDAQ:BIIB) to "buy" from "hold," saying it likes "the potential for the stock to benefit from a fear-of-missing-out rally as more data points crop up on BIIB's high-stakes Alzheimer's disease (AD) pipeline bets." However, the brokerage firm also lowered its price target to $335 to...Read More

Micron stock has been a huge winnerChipmaker Micron Technology, Inc. (NASDAQ:MU) is trading lower after the stock received a downgrade at Morgan Stanley. The firm cut its rating on MU to "equal weight" from "overweight," stating they "would rather err on the side of caution" in regards to the stock's future. At last check, the shares are down 5.1% at $59.41.Long term, MU has been an outperformer...Read More

By Jason Lange and Ingrid MelanderWASHINGTON/PARIS, May 31 (Reuters) - Canada and Mexico retaliated against the United State's decision on Thursday to impose tariffs on steel and aluminum imports and the European Union had its own reprisals ready to go, reigniting investor fears of a global trade war.The tariffs, announced by U.S. Commerce Secretary Wilbur Ross in a telephone briefing on Thursday,...Read More

#Kupfer: Lagerbest??nde an der LME fallen erheblichRead full newsRead More