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

It took less than eight weeks for subscribers to bank a 101% profitSubscribers to Schaeffer's Weekend Trader Alert just scored a 101% profit with the Macy's Inc (NYSE:M) June 27 call. We're going to take a look back to see why we were initially bullish, and how the options trade unfolded.At the time of our recommendation in early April, we noted that M had soared to a fresh annual high in late F...Read More

Plus, the pharma stock halved by an FDA rejectionThe stock market is careening lower this afternoon, as traders digest President Donald Trump's cancelledNorth Korean nuclear summit. Among individual stock movers today, drone maker AeroVironment, Inc. (NASDAQ:AVAV) and drugmaker Marinus Pharmaceuticals Inc (NASDAQ:MRNS) are pointed higher, while biotech name Recro Pharma Inc (NASDAQ:REPH) is...Read More

Traders appear to be buying to open June 14 calls todayShares of Petroleo Brasileiro (NYSE:PBR) are sinking today -- falling in step with other energy stocks -- after the Brazilian oil giant issued a short-term price cut for diesel prices in order to ease tensions with protesting truckers, a move seen as a sign of government interference. What's more, Morgan Stanley downgraded the equity to "outpe...Read More

THOOTHUKUDI, India, May 24 (Reuters) - India's Tamil Nadu state said on Thursday that it was seeking a permanent closure of a big copper smelter run by London-listed Vedanta Resources after 13 people died in protests demanding the closure of the plant on environmental grounds."The government's position is very clear, it doesn't want the plant to run," said Sandeep Nanduri, the top official of the...Read More

THOOTHUKUDI, India, May 24 (Reuters) - India's Tamil Nadu state said on Thursday that it was seeking a permanent closure of a big copper smelter run by London-listed Vedanta Resources after 13 people died in protests demanding the closure of the plant on environmental grounds."The government's position is very clear, it doesn't want the plant to run," said Sandeep Nanduri, the top official of the...Read More

The blue chips have historically struggled after Memorial DayOil prices are pulling back from three-year highs this week, following yesterday's surprise jump in domestic crude inventories, and amid concerns that the Organization of the Petroleum Exporting Countries (OPEC) could decide to boost output next month. Against this backdrop, several energy stocks are taking a breather, and blue chips Che...Read More

#Barrick Gold: Niedrigste Quartalsproduktion in den letzten 16 Jahren #gold #miningRead full newsRead More

Consulting firm McKinsey put a note out on Thursday calling attention to "three surprising resource implications from the rise of electric vehicles".Number one is that oil & gas investors can sleep well for at least the next decade as the impact of the move away from internal combustion engines will only modestly impact demand for fossil fuels.In fact, demand for natural gas fired power stations -...Read More

U.S. markets will be closed on Monday, May 28Jobs data will highlight the holiday-shortened week, with the highly anticipated nonfarm payrolls report set for release on Friday. In addition, traders will digest the latest gross domestic product (GDP) estimate, and earnings are expected from several retailers, including Dick's Sporting Goods (DKS), Lululemon Athletica (LULU), Michael Kors (KORS),and...Read More

The shares have pulled back to a historically bullish trendlineShares of Barrick Gold Corp (NYSE:ABX) have been trending higher since they touched a two-year low of $11.07 in early March. The gold mining stock has recently consolidated some of these gain near atrendline with historically bullish implications. And with front-month implied volatilities low, it could be time to bet on ABX's next leg...Read More

By Marc O'Connor, Deloitte Mining Capital Programs leader and Bora Pasuljevic, Director, Mining Capital Projects, Deloitte UKWith global economic activity improving and new technologies providing opportunities for growth, mining companies are preparing to launch into a new wave of investment. But as they eye the next uptick in the CapEx cycle, mining companies should first focus on rebuilding trus...Read More

By Marc O'Connor, Deloitte Mining Capital Programs leader and Bora Pasuljevic, Director, Mining Capital Projects, Deloitte UKWith global economic activity improving and new technologies providing opportunities for growth, mining companies are preparing to launch into a new wave of investment. But as they eye the next uptick in the CapEx cycle, mining companies should first focus on rebuilding trus...Read More

The DOJ has opened a criminal investigation into whether large bitcoin traders - so-calledRead full newsRead More

SPCC has been processing copper and other metals in Peru since 1960. It is part of the US-based mining and metallurgical group SCC, which generates annual revenues in excess of $6billion around the world. The Peru arm of the business is the country's largest producer of copper, amongst other outputs which include molybdenum, zinc, silver, lead and gold.The company's operations are distributed ac...Read More

Deutsche Bank, which issued a tacit profit warning today, confirmed its headcount would fall "well below" 90,000, from just over 97,000. while its equities sales and trading headcount would be slashed by about 25%.Read full newsRead More

Previous pullbacks to its 200-day moving average have preceded ralliesApple suppliers will continue to grab headlines leading up to Apple's WWDC event in two weeks. However, there are other semiconductor stocks out there to target in the meantime. Cypress Semiconductor Corporation (NASDAQ:CY) stock is throwing up a significant bullish signal, in fact, and options are attractively priced to boot.C...Read More

President Trump released a public letter to the North Korean leader earlier todayStocks aretrading significantly lower at midday, after President Donald Trump announced that the June 12 summit with North Korea is canceled. In a letter to Kim Jong Un, Trump stated,"based on the tremendous anger and open hostility displayed in your most recent statement, I feel it is inappropriate... to have this...Read More

The iShares MSCI Turkey ETF is down almost 29% in 2018Turkey's economy has been grappling with rising inflation and a rapid decline in the lira. As such, Turkey's central bank on Wednesday stepped in and dramatically raised interest rates at an emergency meeting -- but the lira has only continued to fall. All this uncertainty has dragged down the iShares MSCI Turkey ETF (TUR), which yesterday hit...Read More

SANTIAGO, May 23 (Reuters) - Chile's constitutional court said it would not get involved in a dispute between a foreign-backed miner and state-run copper miner Codelco over adjoining lithium deposits in the Maricunga salt flat, according to a court document seen by Reuters on Wednesday.Salar Blanco, 50 percent-owned by Australia's Lithium Power International, with smaller stakes held by Canada's B...Read More

(The opinions expressed here are those of the author, a columnist for Reuters.)LONDON, May 24 (Reuters) - NioCorp Developments, which is in the process of raising financing for a minerals project in Nebraska, has just seen its Toronto-listed shares surge from C$0.52 to $0.70 in the space of two days thanks to the U.S. government.NioCorp's planned mine and processing facility at Elk Creek will prod...Read More