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
NAIROBI, May 17 (Reuters) - Tanzanian gemstone miner Tanzanite One has agreed to pay compensation and overdue taxes to the government after unspecified violations led to losses in public revenues, the president's office said.President John Magufuli's government accuses mining firms of cheating Tanzania out of its fair share of mineral wealth through tax dodging and smuggling, allegations they deny...Read More
Two weeks after Saudi Arabia said it was targeting $80/bbl oil, this morning Riyadh got its wishes early when Brent oil hit the Saudi target, jumping as much as 1% to $80.18.Read full newsRead More
Deere will report earnings before tomorrow's openDeere & Company (NYSE:DE) is expected to report fiscal second-quarter earnings ahead of tomorrow's open. The stock has a history of positive earnings reactions -- closing higher in the session subsequent to the tractor maker's results in six of the past eight quarters. One options trader appears to be expecting on more of the same, but took a cautio...Read More
(Bloomberg) - Paul Obambi, a billionaire investor in the Congo Republic, is in talks with French lenders to fund a railway he's building to export iron ore.Obambi's company SAPRO SA is negotiating with "a consortium of banks" to finance the 450-kilometer (280-mile) track that will link the southwestern town of Mayoko to a port at Pointe Noire, he said in a phone interview from Paris on Tuesday. C...Read More
Global consumer demand for diamond jewellery hit a new all-time high in 2017, climbing to US$82 billion, a two per cent increase on the previous year, according to industry insight data published today by De Beers Group.The US was the main driver of growth for the fourth consecutive year, where positive macroeconomics and strong consumer confidence saw demand for diamond jewellery increase four pe...Read More
Options are trading at 12 times the normal pace todayTake-Two Interactive Software, Inc. (NASDAQ:TTWO) stock is up 1.8% to trade at $115.05 this morning, erasing pre-market losses. The video-game company reported fiscal fourth-quarter earnings that surpassed expectations, although revenue missed estimates, due to underwhelming numbers from Take-Two's NBA 2K platform. The mixed earnings drew an eq...Read More
VANCOUVER/TORONTO, May 17 (Reuters) - The weak human rights record of one of Africa's poorest countries is coming between Lundin Mining Corp and its pursuit of a prized European copper and gold asset.Cash-rich Lundin's latest run at fellow Canadian miner Nevsun Resources Ltd is designed to bag the Timok project in Serbia, but it had to bring on a partner to pick up Nevsun's Bisha mine in Eritrea.T...Read More
VANCOUVER/TORONTO, May 17 (Reuters) - The weak human rights record of one of Africa's poorest countries is coming between Lundin Mining Corp and its pursuit of a prized European copper and gold asset.Cash-rich Lundin's latest run at fellow Canadian miner Nevsun Resources Ltd is designed to bag the Timok project in Serbia, but it had to bring on a partner to pick up Nevsun's Bisha mine in Eritrea.T...Read More
VANCOUVER/TORONTO, May 17 (Reuters) - The weak human rights record of one of Africa's poorest countries is coming between Lundin Mining Corp and its pursuit of a prized European copper and gold asset.Cash-rich Lundin's latest run at fellow Canadian miner Nevsun Resources Ltd is designed to bag the Timok project in Serbia, but it had to bring on a partner to pick up Nevsun's Bisha mine in Eritrea.T...Read More
Crazy commodity trading in China may actually reflect the wisdom of crowds.Read full newsRead More
VANCOUVER, British Columbia, May 17, 2018 (GLOBE NEWSWIRE) - Without significant improvements to mining practices in British Columbia and better regulation of mining activities, the province has little hope of its natural resources playing a key role in the global transition to a low-carbon future. Instead, communities and the environment throughout B.C. face the prospect of another disaster like...Read More
VANCOUVER, British Columbia, May 17, 2018 (GLOBE NEWSWIRE) - Without significant improvements to mining practices in British Columbia and better regulation of mining activities, the province has little hope of its natural resources playing a key role in the global transition to a low-carbon future. Instead, communities and the environment throughout B.C. face the prospect of another disaster like...Read More
Traders may want to consider short-term AAPL optionsApple Inc. (NASDAQ:AAPL) blew up a lot of bear cases a few weeks back by posting better-than-expected quarterly results, and the stock continued to rally in the days that followed thanks to Warren Buffett's upbeat outlook. AAPL eventually hit a record high of $190.37 a week ago, and was last seen just below this mark at $187.48, bringing its year...Read More
JCP stock is plunging after the retailer's disappointing revenue numbers Amid a week full of retail earnings reports, department store J C Penney Company Inc (NYSE:JCP) said its first-quarter adjusted loss of 22 cents per share was slightly narrower than analysts were expected. However, the retailer's $2.58 billion in revenue missed the mark, and same-store sales grew at a slower-than-anticipated...Read More
YouTube Music will launch Tuesday, May 22Shares of Google Alphabet Inc (NASDAQ:GOOGL) are slightly lower this morning after the company announced plans to launch a new music streaming service, YouTube Music next Tuesday, along with a new YouTube Premium service. There will be a free ad-supported version of the music service, while users can pay $9.99 per month for an ad-free version.GOOGL was do...Read More
The 10-year Treasury yield is holding near seven-year highsDow Jones Industrial Average (DJI) futures are signaling a negative start this morning, weighed down by Cisco Systems' (CSCO) lower-than-expected fiscal third-quarter revenue in its security business and lackluster forecast. The negative earnings reaction is overshadowing strong first-quarter e-commerce sales growth for Walmart (WMT) -- co...Read More
The average analyst price target for KO is just below the $50 levelThe Coca-Cola Co (NYSE:KO) has underperformed in 2018, down 9.4% year-to-date. The shares took a sharp tumble back in early February due to broad-market headwinds, and they've failed to recover. In fact, KO stock hasn't traded above its 20-day moving average since April 24, and yesterday it recorded its lowest settlement since Febr...Read More
Commodities Analysis by Sunshine Profits (Przemyslaw Radomski, CFA) covering: EUR/USD, XAU/USD, XAG/USD, US Dollar Index Futures. Read Sunshine Profits (Przemyslaw Radomski, CFA)'s latest article on Investing.comRead full newsRead More
If it is considered 'objectionable' in the West to talk about the factual consequences of migration, in Sweden it is now viewed as a crime.Read full newsRead More
Macroprudential tightening policies in China currently will render economic growth in 2Q18, but more importantly 2H18, dismal; we believe this will spread to emerging markets, rendering the "global coordinated growth" bulls out of sync with realityRead full newsRead More