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

This morning's collapse in the dollar - the biggest daily drop since March 2017 - has extended the 2018 demise to 3.2%, the worst start to a year since 1987.Read full newsRead More

Despite all three major indexes reaching record intraday highs, the S&P and Nasdaq reversed early gains, finishing the day lower as comments from Commerce Secretary Wilbur Ross fueled concerns about a trade war. A pullback in tech stocks also weighed on the indexes. However, a big lift from financial stocks JPMorgan Chase (JPM) and Goldman Sachs (GS) kept the Dow afloat, with banks moving higher...Read More

After API reported a surprise crude build overnight, all eyes are on the DOE data this morning which showed a smaller than expected crude draw (-1.07mm vs 2.32mm exp) but still a draw (for the 10th week in a row) compared to API's build.Read full newsRead More

Eureka Resources Inc. (TSXV: EUK) ('Eureka' or the 'Company') announced today that is has closed the second and final tranche of its non-brokered private placement of common shares previously announced in press releases dated November 27, 2017, December 29, 2017 and January 18, 2018 (the 'Offering').Read full newsRead More

The U.S. stock market has retreated from the record highs it set earlier, as tech stocks slide. Among individual equities on the move are electronics manufacturing specialist Cemtrex Inc (NASDAQ:CETX), fabric dyeing firm Sharing Economy International Inc (NASDAQ:SEII), and semiconductor stock Sigma Designs Inc (NASDAQ:SIGM). Here's a quick look at how shares of CETX, SEII, and SIGM are trading tod...Read More

Airline stocks are trading lower today, after United Continental's (UAL) earnings call sparked fears of pricing wars in the industry. Sector peers Southwest Airlines Co (NYSE:LUV) and American Airlines Group Inc (NASDAQ:AAL) both report earnings before the open tomorrow, so this group will remain in focus going forward. We'll take a closer look at LUV and AAL to see what traders can expect. Leisur...Read More

We're gonna need a bigger chart...Read full newsRead More

KINSHASA, Jan 24 (Reuters) - Democratic Republic of Congo's new proposed mining code, which the industry has warned will stifle investment in the copper and cobalt-rich nation, sailed through the Senate without opposition late on Wednesday.A version passed by the National Assembly - Congo's lower house of parliament - last month would increase taxes and royalties, including potentially more than d...Read More

LONDON, Jan 24 (Reuters) - The field of prospective bidders for ScotiaMocatta, the metals trading arm of Canada's Bank of Nova Scotia, has narrowed to two, three banking and industry sources said on Wednesday.The two - Goldman Sachs Group and Citi - are undertaking due diligence checks, the sources said.The sources said Japanese trading house Sumitomo and Australian bank ANZ (Australia and New Zea...Read More

Apple Inc (NASDAQ:AAPL) has found itself all over the news this week. Yesterday, an analyst at J.P. Morgan Securities predicted build for the iPhone X might be down as much as 50% this quarter. Today, the tech titan noted that medical records could be featured on the Apple Watch, and new battery features were being implemented after its much-publicized slowdown controversy.Given the flurry of new...Read More

ML Gold (TSXV:MLG) CEO Andrew Bowering and President Adrian Smith enumerate the reasons why investors should be looking at the Stars Project.Read full newsRead More

Macarthur Minerals Limited (TSXV:MMS) (the "Company" or "Macarthur Minerals") is pleased to announce the appointment of Andrew Haythorpe as Technical Adviser to support the development of the Company's hard rock lithium and gold projects in Western Australia and lithium brine project in Nevada, USA.Read full newsRead More

Adding to the highly anticipated slate of earnings reports due this week is construction and mining equipment concern Caterpillar Inc. (NYSE:CAT), with the Dow name expected to report fourth-quarter earnings ahead of the bell tomorrow. Below, we will take a look at how CAT stock has been faring on the charts, and how options traders are speculating ahead of tomorrow's report.Looking closer, Caterp...Read More

MOSCOW, Jan 24 (Reuters) - Russian gold and silver producer Polymetal said on Wednesday its fourth-quarter revenue rose 12 percent on a year earlier to $586 million due to higher gold sales.The London-listed firm, part-owned by businessman Alexander Nesis, also said there would be no special dividend for 2017 due to higher payments of the regular dividend for 2017 and active investments in its key...Read More

LONDON, Jan 24 (Reuters) - Copper producer Cradle Arc embarked on a new London listing on Wednesday to fund production in Botswana, considered by miners as a safe African jurisdiction seeking to diversify its economy from its reliance on diamonds.Formerly known as Alecto Minerals, which ceased trading last July, Cradle Arc was renamed and relaunched on London's AIM market for small companies with...Read More

Zinc pulled back on Wednesday to below $3,400 a tonne, but stayed within shouting distance of the best levels since August 2007 as worries about global stocks of the metal, mainly used in galvanizing steel, continue to support prices.In a research report consultants Wood Mackenzie said the combination of scheduled mine closures, top producer Glencore's strategic cuts and the impact of environmenta...Read More

(Bloomberg) - Gold futures settled at the highest since August 2016, as investors got behind a rally brought on by a falling dollar. Volume soared in the futures market, with trading more than double the daily average.Gold for April delivery climbed 1.5 percent to settle at $1,361.40 an ounce at 1:37 p.m. on the Comex in New York. Holdings in exchange-traded funds backed by the metal climbed to t...Read More

Another strong round of corporate earnings helped lift the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) to record highs this morning. While the latter two have since erased these earlier gains, the Dow is holding higher thanks to a rally in financial stocks -- with Goldman Sachs (GS) and JPMorgan Chase (JPM) some of the best performing blue chips so far. Gol...Read More

(Bloomberg) - For South African gold miners, it's both the best and worst of times.The metal started the year with a bang, rising 4 percent so far and trading near the highest since August 2016. But an equally impressive rally in the rand means that South Africa-focused producers are likely to miss out on the party.Because mining companies pay most of their expenses in local currency, a stronger...Read More

The numbers: Existing-home sales hit a 5.57 million seasonally adjusted annual rate in December, the National Association of Realtors said Wednesday. The consensus forecast among economists surveyed by MarketWatch was for a 5.73 million annual rate. What happened: Sales of previously owned homes tumbled in December as an ongoing inventory crunch worsened. Existing-home sales were down 3.6% for...Read More