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 DELHI, May 18 (Reuters) - Vedanta Resources Plc's shutdown of its South Indian copper smelter, one of India's biggest, is causing a copper deficit and increased prices in India.The smelter, located in a sleepy port city near the tip of the Indian peninsula, has a share of about 35 percent in the India's primary copper market and exports mainly to Gulf and Asian countries, Vedanta says.The unit...Read More

NEW DELHI, May 18 (Reuters) - Vedanta Resources Plc's shutdown of its South Indian copper smelter, one of India's biggest, is causing a copper deficit and increased prices in India.The smelter, located in a sleepy port city near the tip of the Indian peninsula, has a share of about 35 percent in the India's primary copper market and exports mainly to Gulf and Asian countries, Vedanta says.The unit...Read More

MAT stock was recently turned away by its 200-day moving averageMattel, Inc. (NASDAQ:MAT) stock is down 0.7% to trade at $15.17 this morning, after the Wall Street Journal reported thatMGA Entertainment (subscription required) offered to merge with the toy company. While Mattel rejected theproposal, Isaac Larian, CEO of MGA, plans to make an offer directly to MAT shareholders, according to the W...Read More

LONDON, May 18 (Reuters) - Sibanye-Stillwater is confident its planned purchase of Lonmin will go ahead, but the struggling platinum producer must slow its cash burn, the South African firm's chief executive said.Sibanye's 285 million pound ($386 million) all-share bid to create the world's second largest platinum miner faces hurdles including Lonmin's weak cash position, competition authority app...Read More

Recent PYPL options buyers are likely cheering todayShares of PayPal Holdings Inc (NASDAQ:PYPL) are higher this morning, after the company confirmed plans to purchase Square (SQ) rival and Swedish startup iZettle for $2.2 billion. The purchase is expected to increase PayPal's presence inside brick-and-mortar stores in more than 11 new countries, and prompted price-target hikes from Oppenheimer...Read More

Analysts at Cowen and Company like Nvidia's potential in the AI spaceFinancial research firm Cowen and Company initiated coverage on several domestic semiconductor stocks yesterday evening, including Nvidia Corporation (NASDAQ:NVDA) and Advanced Micro Devices, Inc. (NASDAQ:AMD). Cowen set "outperform" ratings for both NVDA and AMD shares, with respective price targets of $325 and $18, expecting su...Read More

U.S. equity benchmarks are on pace for weekly lossesDow Jones Industrial Average (DJI) futures are cautiously higher, as uncertainty over China trade talks continues to linger. Earlier today, Beijingdenied reports it has offered to trim its U.S. trade surplus by $200 billion. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are lower this morning, and all three indexes need a boost today to...Read More

Canada-listed junior miner Thor Explorations (TSX-V: THX) published Friday first results from metallurgical test work at its Segilola project in Nigeria, poised to become the country's first large-scale gold mine.The testing is part of the definitive feasibility study (DFS) for the project, located about 200km from the capital Lagos, and which is expected to come online in early 2020.The project,...Read More

Canada-listed junior miner Thor Explorations (TSX-V: THX) published Friday first results from metallurgical test work at its Segilola project in Nigeria, poised to become the country's first large-scale gold mine.The testing is part of the definitive feasibility study (DFS) for the project, located about 200km from the capital Lagos, and which is expected to come online in early 2020.The project,...Read More

Rates for home loans powered to the highest since 2011, setting up a fresh test for a housing market already strained by lean supply and surging prices. The 30-year fixed-rate mortgage averaged 4.61% in the week ending May 17, mortgage finance provider Freddie Mac said Thursday. That was a 6 basis point jump, and marked the highest for the popular product since May, 2011. The 15-year fixed-rate mo...Read More

VANCOUVER - Production is primed to ramp up at the Marigold Mine near Valmy, SSR Mining Inc. reported in its financial and operation results released May 10.Read full newsRead More

(Bloomberg Opinion) - The world doesn't like its essential commodities being controlled by a small group of producers.When Arab members of Opec resolved to cut their oil exports in response to U.S. involvement in the 1973 Arab-Israeli war, the situation was rightly deemed a global crisis.Less than a year after BHP Billiton Ltd. announced plans to merge its iron ore operations with those of Rio...Read More

Chromium and cyanide had been improperly handled and seeped into rivers used for drinking water in Kratie and Mondulkiri.Read full newsRead More

Gold has not performed especially well as of late, especially when compared to other assets such as the S&P 500. One of the reasons for this is the strong dollar and the rising interest rate policy being embarked on by the Federal Reserve. There are several demand-side pressures on gold right now that should cause the price to move upward. It's possible that all of the major gold deposits worl...Read More

Argonaut Gold Inc:Read full newsRead More

Glencore's (LON:GLEN) copper operations in the Democratic Republic of Congo will soon be the target of British regulators, which are planning to open a formal bribery investigation into the company and its deals Dan Gertler, an Israeli mining tycoon implicated in the payment of bribes to the country's leader Joseph Kabila.An investigation by Britain's Serious Fraud Office (SFO) "would represent a...Read More

Glencore's (LON:GLEN) copper operations in the Democratic Republic of Congo will soon be the target of British regulators, which are planning to open a formal bribery investigation into the company and its deals Dan Gertler, an Israeli mining tycoon implicated in the payment of bribes to the country's leader Joseph Kabila.An investigation by Britain's Serious Fraud Office (SFO) "would represent a...Read More

SHANGHAI, May 18 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs the US Treasury yield rose and with positive US economic data and a weakened euro, the US dollar hovered at five-month highs and closed 0.1% higher at 93.48 overnight.The US 10-year Treasury note yield hit a multiyear high Wednesday, topping 3.1% for the first...Read More

SHANGHAI, May 18 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs the US Treasury yield rose and with positive US economic data and a weakened euro, the US dollar hovered at five-month highs and closed 0.1% higher at 93.48 overnight.The US 10-year Treasury note yield hit a multiyear high Wednesday, topping 3.1% for the first...Read More

SHANGHAI, May 18 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs the US Treasury yield rose and with positive US economic data and a weakened euro, the US dollar hovered at five-month highs and closed 0.1% higher at 93.48 overnight.The US 10-year Treasury note yield hit a multiyear high Wednesday, topping 3.1% for the first...Read More