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

Earnings season is here, ladies and gentlemen, and with it comes heightened volatility for many stocks as investors anticipate, and react to, quarterly reports. What can savvy traders do to capitalize on volatility spikes? Today, we will break down the long strangle options strategy, and how it can help investors profit from surging volatility without committing to a bullish or bearish bias.A long...Read More

Global miner Rio Tinto (ASX, LON:RIO) is said to be once again chasing a $5bn stake in Chile's Chemical and Mining Society (SQM), the world's largest lithium producer, following the resolution of a long-dragged dispute between the company and the country's government over royalties in Salar de Atacama.The deal between SQM and Chile's development agency Corfo, reached last month, freed the lit...Read More

Global miner Rio Tinto (ASX, LON:RIO) is said to be once again chasing a $5bn stake in Chile's Chemical and Mining Society (SQM), the world's largest lithium producer, following the resolution of a long-dragged dispute between the company and the country's government over royalties in Salar de Atacama.The deal between SQM and Chile's development agency Corfo, reached last month, freed the lit...Read More

It's been a rough ride for junk bonds since the European Central Bank (ECB) announced in late October its intent to taper bond purchases. That pain is evident in a daily chart of the iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG), which sliced cleanly through formerly solid support at its 200-day moving average in November.We see a potentially significant bearish tell from the action...Read More

Subscribers to our Weekly Options Countdown services just doubled their money on weekly 2/2 Alcoa Corp (NYSE:AA) 55.50-strike puts. We recommended these positions just this past Friday, meaning options traders realized a profit of 100% in just a matter of days. Let's look back at what attracted us to AA in the first place, and how the short trade unfolded.In our recommendation on Friday, we noted...Read More

Deckers Outdoor Corp (NYSE:DECK) is up 5.7% to trade at $92.26 this morning, after the UGG maker delivered fiscal third-quarter earnings and sales that beat expectations. The company cited tax reform as a contributor to the earnings beat. As a result, no fewer than seven brokerage firms chimed in with price-target hikes, including Canaccord Genuity's hike to $110 -- a 19% premium to the stock's c...Read More

Sprint Corp (NYSE:S) is set to end the week on a high note, with the stock up 4.4% to trade at $5.32 on the heels of a well-received earnings report. The wireless carrier reported fiscal third-quarter earnings of $7.16 billion, or $1.79 per share, on net operating revenue of $8.24 billion. On an adjusted basis, Sprint earned 3 cents per share. By contrast, analysts were bracing for a quarterly los...Read More

The tech sector is in focus today, after industry heavyweights Alphabet Inc (NASDAQ:GOOGL), Amazon.com, Inc. (NASDAQ:AMZN), and Apple Inc. (NASDAQ:AAPL) reported earnings last night. Here's a quick earnings roundup for GOOGL, AMZN, and AAPL, and how the FAANG stocks are reacting.Susquehanna Targets 25% Upside for GOOGL StockAlphabet reported lower-than-expected fourth-quarter profit of $9.70 per s...Read More

Mobile network firm Nokia Oyj (NYSE:NOK) is moving higher again today, just one session after reporting stronger-than-expected fourth-quarter earnings and a positive outlook for 2018. The tech stock has garnered a slew of positive analyst attention today, including an upgrade to "buy" from "neutral" at MKM Partners and five price-target raises. MKM's target hike, to $7.50 from $5.50, represents th...Read More

Stock futures are pointed dramatically lower this morning, with Dow Jones Industrial Average (DJI) futures trading nearly 226 points below fair value after today's nonfarm payrolls report. The U.S. added a stronger-than-forecast 200,000 jobs in January -- and the report appears to have cemented expectations for another rate hike sooner rather than later, with 10-year Treasury yields surging to a...Read More

Mining and metal companies are rediscovering the downside of rallying prices: higher costs.A sharp rebound in commodity markets in the past two years put producers in a profitability sweet spot after years of cost-cutting to cope with low prices. Now, as the upturn matures and the higher cost of energy and other materials starts to bite, some companies are beginning to struggle to maintain margins...Read More

Mining and metal companies are rediscovering the downside of rallying prices: higher costs.A sharp rebound in commodity markets in the past two years put producers in a profitability sweet spot after years of cost-cutting to cope with low prices. Now, as the upturn matures and the higher cost of energy and other materials starts to bite, some companies are beginning to struggle to maintain margins...Read More

Mining and metal companies are rediscovering the downside of rallying prices: higher costs.A sharp rebound in commodity markets in the past two years put producers in a profitability sweet spot after years of cost-cutting to cope with low prices. Now, as the upturn matures and the higher cost of energy and other materials starts to bite, some companies are beginning to struggle to maintain margins...Read More

Mining and metal companies are rediscovering the downside of rallying prices: higher costs.A sharp rebound in commodity markets in the past two years put producers in a profitability sweet spot after years of cost-cutting to cope with low prices. Now, as the upturn matures and the higher cost of energy and other materials starts to bite, some companies are beginning to struggle to maintain margins...Read More

Mining and metal companies are rediscovering the downside of rallying prices: higher costs.A sharp rebound in commodity markets in the past two years put producers in a profitability sweet spot after years of cost-cutting to cope with low prices. Now, as the upturn matures and the higher cost of energy and other materials starts to bite, some companies are beginning to struggle to maintain margins...Read More

Shares in Africa-focused Gem Diamonds (LON:GEMD) got a fresh boost on Friday after the miner said sales in the fourth quarter of 2017 were higher than in the previous three months, adding it also achieved better prices for its gems.The company, which last month found the world's fifth-biggest diamond in history at its flagship Let??eng mine in Lesotho, sold 31,476 carats during the three month...Read More

Shares in Africa-focused Gem Diamonds (LON:GEMD) got a fresh boost on Friday after the miner said sales in the fourth quarter of 2017 were higher than in the previous three months, adding it also achieved better prices for its gems.The company, which last month found the world's fifth-biggest diamond in history at its flagship Let??eng mine in Lesotho, sold 31,476 carats during the three month...Read More

Southern Copper Corp surprised the market by reporting a $287.5 million net loss in the fourth quarter on Friday, citing a $743.3 million one-time payment related to U.S. tax reform.Analysts had forecast a $419 million net profit for the company in the fourth quarter, according to Thomson Reuters I/B/E/S.The Arizona-based company, controlled by Grupo Mexico, said that without the tax adjustment it...Read More

Southern Copper Corp surprised the market by reporting a $287.5 million net loss in the fourth quarter on Friday, citing a $743.3 million one-time payment related to U.S. tax reform.Analysts had forecast a $419 million net profit for the company in the fourth quarter, according to Thomson Reuters I/B/E/S.The Arizona-based company, controlled by Grupo Mexico, said that without the tax adjustment it...Read More

Precious metal miner Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) said Friday all the workers that were trapped since Wednesday night at its Beatrix gold mine in South Africa have been rescued.Nearly 1,000 miners got stuck underground for more than 24 hours after a storm knocked out power lines supplying electricity to Beatrix. Emergency power supply from backup generators enabled 64 employees to ret...Read More