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

Drug stock Valeant Pharmaceuticals International Inc (NYSE:VRX) is continuing its climb higher, after brokerage firm TD Securities raised its price target to $27 from $20 earlier. The firm is in the minority with its "buy" rating on VRX; currently, the stock sports just four "buy" or better ratings, compared to 10 "holds" and five "sells." VRX shares are up 1.3% at $23.36 in electronic tradi...Read More

Jobs data will be in focus today, after the Labor Department said the U.S. economy added 148,000 jobs in December. Although this marked the slowest pace of job growth in three months -- and missed the consensus forecast for 198,000 new jobs -- stock futures are holding onto early gains, as wages increased slightlyand the unemployment rate held at 4.1%. Another positive session would have the Dow J...Read More

Like Barack Obama, Iran's leaders don't know how a real economy works.Read full newsRead More

We made a big bet on biotech exactly one year ago.At the time, it was one of the most unloved sectors on the market. No, the biotech bull never showed its face in 2016.But in early 2017, we witnessed the beginnings of a powerful rally and hopped onboard for a long-term trade. A fast start out of the gate in 2017 was just what the ailing sector needed to spark a massive bull run, we reasoned.Fast f...Read More

Bitcoin briefly topped out above $20,000 in December. Then it hit a rough patch. As I type, bitcoin is trading in the $14,500 range. Many people wonder if this is the beginning of the end for bitcoin.Here's my answer to that: no, it's not. Not by a long shot.Pullbacks like these are normal, healthy, and even necessary. Nothing goes up in a straight line forever. And I still hold firm to my predict...Read More

"In high school," begins our co-founder Bill Bonner, "we learned that anything can be used as money.""In 2017," he continues with wry bewilderment, "bitcoin proved it."But is it true?Is bitcoin now a viable form of money… or merely an asset like a stock, a bond... or a Star Wars action figure?(It has come to our flabbergasted awareness that this 3.75-inch chunk of molded plastic recently sol...Read More

In August 2016, at a rally in support of Hillary Clinton, investing legend Warren Buffett, a billionaire many times over stood on the stage and said:“I ask Donald Trump: ‘Have you no sense of decency, sir?”The last time those exact words were uttered on a national stage was in the spring of 1954 when Boston lawyer Joseph Welch effectively ended the political career of Senator Joe...Read More

Aurora Cannabis Inc. (TSX:ACB) announced a partnership with a Danish tomato and pepper producer to grow and sell cannabis in EuropeSmallCapPower | January 5, 2018: Aurora Cannabis Inc. (TSX:ACB), a Canadian marijuana producer, Thursday announced a partnership with Danish tomato and pepper producer Alfred Pedersen & Son to produce and sell cannabis in Europe. As per the partnership, the compani...Read More

Extensive copper mineralization is visible at the L Vein on Level 1 of the Superior Mine at Crown Mining's Moonlight-Superior copper project in northeast California. Source: Crown Mining Corp.Crown Mining Corp. [CWM-TSXV; CWMZF-OTC]] has announced results from initial metallurgical testing of mineralized samples from its Moonlight-Superior copper sulfide deposits in the Lights Creek Copper Distric...Read More

A map showing part of the Athabasca Basin with the Senator Minerals PNE project and the major Arrow (NeaxtGen Energy) and Triple R (Fission Uranium) uranium discoveries. Source: Senator Minerals Inc.Senator Minerals Inc. [SNR-TSXV] said Friday January 5 that it is planning a 10-hole, 6,500-metre diamond drill program at its Patterson Northeast uranium project in northern Saskatchewan's Athabasca B...Read More

A couple weeks ago, we discussed the mental gymnastics involved in the transgender movement.I think people should be free to do whatever they want if it doesn’t harm others. This includes getting surgery and taking pills which make their physical appearance mimic the opposite sex.But what many transgender activists want is akin to doublethink–they want you and I to actually believe tha...Read More

2018-01-05 06:16 ET - News ReleaseAlso News Release (C-PWM) Power Metals CorpMr. Jared Lazerson of MGX reportsMGX MINERALS ANNOUNCES 17.0 METRES OF 1.81% LI2O AT CASE LAKE LITHIUM PROJECTMGX Minerals Inc.'s joint venture partner Power Metals Corp. has released drill results for the main dike at Case Lake, Cochrane, Ont.Highlights include:PWM-17-33: 2.19 per cent lithium oxide (Li2O) over 6.0 metre...Read More

Full Article: The Next Financial Crisis will be Worse than the LastBy: Nomi PrinsThis piece first appeared in Truthdig.We've made it through 2017. The first-season installment of presidential Tweetville is ending where it began, on the Palm Beach, Fla., golf course of Mar-a-Lago. Though we are no longer privy to all the footage behind the big white truck, we do know that, given the doubling of...Read More

Global plug-in electric vehicle (PEV) sales hit 1 million units in 2017, according to a report from Navigant Research.Sales revenues of such vehicles have increased by over 40% every year since the launch in 2011 and it is expected maintain a 38% growth rate in 2020, the reported noted.“Battery costs have dropped dramatically over the past five years and they will continue to go down with th...Read More

Global plug-in electric vehicle (PEV) sales hit 1 million units in 2017, according to a report from Navigant Research.Sales revenues of such vehicles have increased by over 40% every year since the launch in 2011 and it is expected maintain a 38% growth rate in 2020, the reported noted.“Battery costs have dropped dramatically over the past five years and they will continue to go down with th...Read More

Global plug-in electric vehicle (PEV) sales hit 1 million units in 2017, according to a report from Navigant Research.Sales revenues of such vehicles have increased by over 40% every year since the launch in 2011 and it is expected maintain a 38% growth rate in 2020, the reported noted.“Battery costs have dropped dramatically over the past five years and they will continue to go down with th...Read More

SHANGHAI, Jan 5 (SMM)? 1/4 ? Copper concentrate treatment charges (TCs) have come down to $76-85/mt over the past week, below the floor price at $87/mt set by China Smelters Purchase Team (CSPT) for the first quarter of this year.SMM understood that most transactions were done by small to medium-sized smelters with sellers giving pressure to buyers. In fact, such market condition is likely to last...Read More

SHANGHAI, Jan 5 (SMM)? 1/4 ? A similar product to nickel pig iron (NPI) produced in Indonesia, FeNi Luppen, is set to change the global nickel supply pattern if Chinese stainless steel mills are receptive, SMM learned.Backed by Russian investors, Blackspace in Indonesia launched the nickel intermediate product in 2017 and claimed the production could hit 200,000 nickel mt in 2019. A source add tha...Read More

SHANGHAI, Jan 5 (SMM)? 1/4 ?Copper: LME copper prices remained rather firm with a support at the 10-day moving average. It is possible that prices would resume the upward movement and we expect the contract to trade at $7,160-7,210/mt today. The SHFE 1803 copper, on the other hand, is forecast to trade at 54,600-55,100 yuan/mt today while we see decent physical restocking demand.Aluminium: LME alu...Read More

SHANGHAI, Jan 5 (SMM)? 1/4 ?Copper: LME copper prices remained rather firm with a support at the 10-day moving average. It is possible that prices would resume the upward movement and we expect the contract to trade at $7,160-7,210/mt today. The SHFE 1803 copper, on the other hand, is forecast to trade at 54,600-55,100 yuan/mt today while we see decent physical restocking demand.Aluminium: LME alu...Read More