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

NEW YORK (Reuters) - The Meghan Markle effect has spread to yellow gold jewelry, helping boost United States sales in the first quarter of 2018 with further gains expected, jewelers said.The first three months of the year were the strongest first quarter for gold jewelry demand in the United States since 2009, according to the World Gold Council. Sellers say that is due in no small part to the pub...Read More

Corrects story to fix the percentage change and level of the median price. Getty ImagesA sign for a residential property sale in the town of Stratford, Connecticut. The numbers: Existing-home sales ran at a seasonally adjusted annual 5.46 million pace in April, the National Association of Realtors said Thursday. Economists surveyed by MarketWatch had forecast a 5.50 million pace. What happ...Read More

Several retail stocks made big moves this weekMarkets were strife with geopolitical drama this week, as re-emerging tensions over trade issues with China and the cancelled nuclear summit with North Korea kept investors on edge. In addition, traders eyed sinking oil prices and digested the latestFed meeting minutes. Through it all, though, the Dow, S&P 500, and Nasdaq are still on track to squeak o...Read More

LONDON, May 25 (Reuters) - Gold miner Centamin has made a drastic cut to its full-year production guidance and raised its cost expectations because of lower grade ore at its Sukari mine in Egypt.Gold output in 2018 will now be between 505,000 and 515,000 ounces, compared with a previous forecast of 580,000 ounces, Centamin said in a production update on Friday.Centamin's all-in sustaining cost of...Read More

LONDON, May 25 (Reuters) - Gold miner Centamin has made a drastic cut to its full-year production guidance and raised its cost expectations because of lower grade ore at its Sukari mine in Egypt.Gold output in 2018 will now be between 505,000 and 515,000 ounces, compared with a previous forecast of 580,000 ounces, Centamin said in a production update on Friday.Centamin's all-in sustaining cost of...Read More

LONDON, May 25 (Reuters) - Gold miner Centamin has made a drastic cut to its full-year production guidance and raised its cost expectations because of lower grade ore at its Sukari mine in Egypt.Gold output in 2018 will now be between 505,000 and 515,000 ounces, compared with a previous forecast of 580,000 ounces, Centamin said in a production update on Friday.Centamin's all-in sustaining cost of...Read More

Crude futures are down 4% amid concerns about productionStocks are mixed in afternoon trading, with the Nasdaq Composite (IXIC) slightly higher on a round of positive corporate earnings. However, the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are both lower, as traders continue to digest yesterday's North Korea meeting cancellation -- though President Donald Trump has since su...Read More

GOMA, Congo (Reuters) - A Mai Mai militia attacked Banro Corp's east Congo Namoya gold mine with rifle and artillery fire on Thursday, a Banro geologist at the mine said, killing five people and wounding several others in the second attack on the mine in less than a year."The rebels tried to take expatriate workers on site as hostages but they didn't succeed because they couldn't reach the place w...Read More

JAKARTA (Reuters) - A state audit of operations at Indonesia's Grasberg mine has cast a cloud over the government's multi-billion-dollar deal to take a majority stake in the mine from Freeport McMoRan Inc (FCX.N) and its partner Rio Tinto (RIO.AX), according to government and company officials.In April, in follow-up action to the audit, the environment minister issued two decrees that gave Freepor...Read More

JAKARTA (Reuters) - A state audit of operations at Indonesia's Grasberg mine has cast a cloud over the government's multi-billion-dollar deal to take a majority stake in the mine from Freeport McMoRan Inc (FCX.N) and its partner Rio Tinto (RIO.AX), according to government and company officials.In April, in follow-up action to the audit, the environment minister issued two decrees that gave Freepor...Read More

Avis Budget shares are trading near a historically bullish trendlineTrade talk continues to swirl around the auto sector. This week, President Donald Trump threatened to impose new tariffs on auto imports, citing concerns over national security, even as China said it will lower its excise tax on vehicles and parts. Car rental name Avis Budget Group Inc. (NASDAQ:CAR) has proven resilient amid the b...Read More

Maria Florencia Humano opened a clothing store in 2016, convinced that Argentina's long history of economic crises had ended under pro-business President Mauricio Macri.Read full newsRead More

Market research company Aurora Energy Research projects that massive adoption of electric vehicles is poised to slash oil revenue by 40%, leading to a sharp correction in oil pricesRead full newsRead More

SINGAPORE, May 25 (Reuters) - In the relatively short space of the past decade the paper iron ore market has grown from virtually nothing to exceed the physical market, but now the industry is grappling with what comes next.While the growth in iron ore futures and exchanged-cleared swaps has been impressive, iron ore is still a long way behind other commodity markets, such as crude oil and some ag...Read More

LAS VEGAS (Reuters) - The increasing popularity of electric vehicles may create a crunch for supplies of cobalt in the early-to-mid 2020s, miners and analysts say, adding that small operators trying to start up mines outside Africa could play a bigger role over time in satisfying demand for the metal used in rechargeable batteries.The Democratic Republic of Congo (DRC) produces nearly two-thirds...Read More

ZOES stock is heavily shortedZoe's Kitchen Inc (NYSE:ZOES) is down 32% to trade at $9.84, and earlier touched a new record low of $9.80, after the restaurant chain reported a larger-than-expected first-quarter earnings loss, lower revenue and same-store sales, and slashed its full-year guidance. In response, Maxim downgraded the stock to "hold" from "buy," and issued a price-target cut to $12 fro...Read More

Stifel upgraded PYPL stock after the company's investor dayBullish analysts are chiming in on PayPal Holdings Inc (NASDAQ:PYPL), after the payments processor raised its three-to-five year revenue guidance at yesterday's annual investor day. This morning, Stifel upgraded PYPL stock to "buy" from "hold," and boosted its price target to $99 from $82 -- a more than 21% premium to last night's close at...Read More

Shares in Northern Dynasty Minerals plunged on Friday after the company announced the end of a partnership with fellow Canadian company First Quantum Minerals to develop the controversial Pebble mining project in Alaska.Vancouver-based Northern Dynasty said on Friday in a terse statement it was unable to reach an agreement on a proposed deal with First Quantum announced in December. Northern Dyna...Read More

BMRN shares are trading above a key price pointBiotech stock BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) is trading up 3.9% this morning at $91.74, after the Food and Drug Administration (FDA) approved its drug Palynziq for the treatment of phenylketonuria, a rare genetic disorder. A meaningful move above the $90 level would be big for BMRN, considering this area has acted as a stiff ceiling in rec...Read More

Shares in Northern Dynasty Minerals plunged on Friday after the company announced the end of a partnership with fellow Canadian company First Quantum Minerals to develop the controversial Pebble mining project in Alaska.Vancouver-based Northern Dynasty said on Friday in a terse statement it was unable to reach an agreement on a proposed deal with First Quantum announced in December. Northern Dyna...Read More