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

Healthcare is in focus after Trump's speech on drug pricesStocks are mostly higher today, with the Dow heading towards its seventh straight win. President Trump spoke at 2 p.m. ET today regarding drug prices, revealing a plan to lower prescription costs. Drug stocks Akcea Therapeutics Inc (NASDAQ:AKCA), Zymeworks Inc (NASDAQ:ZYME), and Omeros Corporation (NASDAQ:OMER) are all specific names that...Read More

Trump's plan to lower prices is called "American Patients First"Healthcare stocks are in focus this afternoon, after President Donald Trump unveiled a plan lower drug prices not long ago, entitled "American Patients First." The sector is trading higher following the highly anticipated event, and options traders are clamoring to hop in on the action. XBI Pop Draws Short-Term Options BullsAt last ch...Read More

Gold futures settled lower on Friday, but finished higher than a week ago as a benchmark dollar index weakened, offering some support to prices for the precious metal. June gold GCM8, -0.29% fell $1.60, or 0.1%, to settle at $1,320.70 an ounce. The contract settled Thursday at $1,322.30 an ounce-marking the highest finish for a most-active contract since April 27. Futures saw a roughly 0.5% rise...Read More

Gold futures settled lower on Friday, but finished higher than a week ago as a benchmark dollar index weakened, offering some support to prices for the precious metal. June gold GCM8, +0.08% fell $1.60, or 0.1%, to settle at $1,320.70 an ounce. The contract settled Thursday at $1,322.30 an ounce-marking the highest finish for a most-active contract since April 27. Futures saw a roughly 0.5% rise...Read More

Some GameStop calls are seeing buying activity amid the dipGameStop Corp. (NYSE:GME) keeps getting hammered. The shares of the video game retailer have given back roughly half their value over the past 12 months, and today they're trading down 3.7% at $12.55, after the company announced the resignation of CEO Michael Mauler, who just took the position in February. Co-founder Daniel DeMatteo was na...Read More

Several drug stocks made outsized moves this weekThe Dow is on pace to score a seven-day winning streak -- its longest winning streak since November -- to close out the week in the black, thanks to a combination of cooling inflation data and rising oil prices. The S&P 500and Nasdaqshould log solid weekly wins as well, with the latter eyeing a six-day winning streak of its own. President Donald T...Read More

The market's 'fear gauge' is staring at its longest losing streak in nearly a yearU.S. stocks are trading modestly higher at midday, with healthcare taking the lead ahead of a 2 p.m. ET speech on drug pricing by President Donald Trump. The Dow Jones Industrial Average (DJI) is pacing for a seventh straight win, which would mark its longest winning streak since November. The S&P 500 Index (SPX) i...Read More

A long call spread could be one possible way to trade the Chinese tech stockChinese internet stock Baidu Inc (NASDAQ:BIDU) was upgraded to "market perform" from "underperform" and saw its price target hiked to $305 from $240 at Bernstein. The brokerage firm projected 20% growth for the company following a recent string of divestitures -- including the sale of its food delivery firm to Alibaba's (B...Read More

Stocks in our "Pharmaceuticals and Biotechnology" category have struggled in 2018President Donald Trump is expected to announce a plan to lower drug prices today, which should puthealthcare sector in focus on Wall Street. This group has struggled in 2018, illustrated by a recent email sent out by Schaeffer's Quantitative Analyst Chris Prybal showing the extreme underperformance of the 20 names tha...Read More

NEW DELHI, May 11 (Reuters) - India's thermal coal imports rose by more than 15 percent in the first three months of 2018, with Indonesia accounting for about three-fifths of total supplies, according to vessel arrival data from Dubai-based coal trader American Fuels & Natural Resources.India's rising coal imports are contributing to higher demand across Asia this year, which has pushed benchmark...Read More

PARIS, May 11 (Reuters) - Louis Dreyfus Company said on Friday it had completed the sale of its metals business to a Chinese investment fund for $466 million, as part of a push to revive profits by focusing on its core agricultural markets.Louis Dreyfus announced in December an agreement to sell LDC Metals to NCCL Natural Resources Investment Fund, without disclosing financial details.The metals b...Read More

PARIS, May 11 (Reuters) - Louis Dreyfus Company said on Friday it had completed the sale of its metals business to a Chinese investment fund for $466 million, as part of a push to revive profits by focusing on its core agricultural markets.Louis Dreyfus announced in December an agreement to sell LDC Metals to NCCL Natural Resources Investment Fund, without disclosing financial details.The metals b...Read More

Concerns raised by an ex-employee initiated the probeShares of Symantec Corporation (NASDAQ:SYMC) are down 32.4% to trade at $19.72, fresh off a 23-month low of $18.85. The Norton antivirus software parent said its financial results and guidance could be adjusted pending an internal audit initiated by concerns flagged from a former employee -- though no further details were given. And while the co...Read More

(Bloomberg) - Glencore Plc and former partner Dan Gertler are trying to settle a dispute over unpaid royalties at a key Congolese copper mine, according to two people with knowledge of the matter.A scheduled hearing in a London court Friday was postponed as both sides worked to come to an amicable solution, according to the people, who declined to be identified, because the negotiations aren't pu...Read More

The numbers: The University of Michigan's consumer sentiment index was unchanged at 98.8 in the early May reading. What happened: While overall sentiment was unchanged, there was some movement within the Michigan index. Consumers' views of the current situation slipped 1.6 points, while the expectations component gained 1.1 points. Economists had forecast a reading of 99. More important was a...Read More

Breaking down a low-risk/high-reward version of the long strangleVolatility can be a serious headache for a stock trader. Fortunately, the beauty of options is that there are severalstrategies that allow traders to capitalize off wild price swings. The long guts strategy, or the in-the-money strangle, is one such strategy: it allows bullish or bearish speculators to maintain a directional bias and...Read More

The brokerage firm downgraded the retail stock and lowered its price targetDepartment store chain Kohl's Corporation (NYSE:KSS) is trading lower this morning, after receiving a downgrade to "neutral" from "outperform" and a price target cut to $64 from $72 from Credit Suisse. Analyst Michael Binetti said near-term risks could translate into a tough 2018 for the retailer, including weather-related...Read More

Analysts remain mostly bullish on the biotech stockHalozyme Therapeutics, Inc. (NASDAQ:HALO) stock is down 9.3% to trade at $18.12 this morning, after the biotech company reported first-quarter revenue short of analysts' forecasts, as well as a weaker-than-expected full-year guidance. In response, Halozyme was downgraded to "underweight" from "equal weight" at Barclays.HALO stock is now on trac...Read More

Exploration company needed to read Ethiopia's mining code more closelyRead full newsRead More

Employees might tell you they care more about work-life balance than salary, but what really motivates them?The results of the latest MPi poll suggest the signals mining employees send employers about their expectations for pay and conditions can be dangerously misleading - and salary is more important right now than you might think.A series of recent polls conducted via the Mining People Polling...Read More