Two workers died in an accident at Glencore's Zambian operation Mopani Copper Mines (MCM) on Tuesday, prompting it to suspend production pending investigations, the company said."All operations at the South Ore Body (shaft) have been suspended until further notice," the company said in a statement without providing details of the accident.Mopani is one the biggest mining companies in Zambia - Afri...Read More

Take advantage of the first amendment, and participate in a nation-wide poll.With the 2020 election growing ever closer, the country continues to be divided politically.From disputes about the appropriateness of displaying the Confederate flag, to rights for minorities, and the ever-growing concern about security at the U.S. border, the 2020 election promises to be contentious... if not the most c...Read More

The S&P has outperformed when an SEC team takes home the trophyMarch Madness is once again upon us, with Round 1 games kicking off this week. While many of us here at Schaeffer's are rooting for our hometown Cincinnati Bearcats, history indicates stock market bulls may want to root for a 2 seed this year, if past is prologue. Below are S&P 500 Index (SPX) returns from April through December, depen...Read More

Tilray's fourth-quarter revenue exceeded analyst expectationsTwo pot stocks are making headlines today. First up, Tilray Inc (NASDAQ:TLRY) is down 0.7% to trade at $71.76 -- bringing its month-to-date deficit to 11.5% -- after the company reported a fourth-quarter loss. However, the damage is held in check as revenue exceeded analyst expectations and full-year sales more than doubled year-over-yea...Read More

The brokerage firm raised its CHK price target by more than 12%Raymond James raised its price target on Chesapeake Energy Corporation (NYSE:CHK) stock to $4.50 from $4.00 -- a nearly 43% premium to last night's close -- and reiterated its "outperform" rating. The brokerage firm cited expectations the mining company will be cash neutral next year, as Chesapeake "looks to continue paring down debt."...Read More

One of last year's best-performing hedge funds says the "trade of the century" is to buy gold and sell stocks as risk assets are due for another meltdown.It's only a matter of time until the bearish bet pays off big, according to Crescat Capital LLC. While the Denver-based firm has only about $50 million under management, it has a history of outperforming the S&P 500 Index - with its Global Macro...Read More

Shineco just announced its plans to enter the cannabis market The shares of Shineco Inc (NASDAQ:TYHT) are soaring after the Chinese herbal medicine producer released its plan to expand into the cannabis market. The company established Beijing Tenjove Newhemp Biotechnology Co. Ltd. (TNB) on Mar. 13 to implement the plan, which includes industrial hemp and CBD processing. As a result, the penny stoc...Read More

The U.S. Treasury on Tuesday imposed sanctions on Venezuela's Minerven state gold mining company which it says illicitly props up the regime of President Nicolas Maduro.Minerven, whose full name is Compania General de Mineria de Venezuela CA, and its president, Adrian Antonio Perdomo Mata, are now designated under the Office of Foreign Assets Control, or OFAC, the Treasury Department said. The com...Read More

The U.S. Treasury on Tuesday imposed sanctions on Venezuela's Minerven state gold mining company which it says illicitly props up the regime of President Nicolas Maduro.Minerven, whose full name is Compania General de Mineria de Venezuela CA, and its president, Adrian Antonio Perdomo Mata, are now designated under the Office of Foreign Assets Control, or OFAC, the Treasury Department said. The com...Read More

Ecuador has tethered its economic fortunes to a burgeoning mining industry. Now it just needs to get bureaucrats and community leaders on board.Local opposition and red tape are hindering plans to become a mining superpower that can rival other South American nations. Less than two years ago the government hoped mining would become 4 percent of Ecuador's gross domestic product by the end of Presid...Read More

Ecuador has tethered its economic fortunes to a burgeoning mining industry. Now it just needs to get bureaucrats and community leaders on board.Local opposition and red tape are hindering plans to become a mining superpower that can rival other South American nations. Less than two years ago the government hoped mining would become 4 percent of Ecuador's gross domestic product by the end of Presid...Read More

Ecuador has tethered its economic fortunes to a burgeoning mining industry. Now it just needs to get bureaucrats and community leaders on board.Local opposition and red tape are hindering plans to become a mining superpower that can rival other South American nations. Less than two years ago the government hoped mining would become 4 percent of Ecuador's gross domestic product by the end of Presid...Read More

The biggest trading volume in copper call options on record signals supply troubles brewing in the market.A spread trade worth $6.5 million was posted just after 7 a.m. on Comex in New York in a bet that the price of the metal used in wires and pipes will surge past $3.05 in a few months, from Monday's settlement price of $2.909.Copper production will trail consumption by 116,000 metric tons this...Read More

A new mine in Saskatchewan will change the way potash is produced and sold.The Saskatoon-based Gensource Potash Corporation plans to build a mine between Eyebrow and Tugaske, about one hour northwest of Moose Jaw. The Vanguard One project is currently in the financing phase and if everything goes as planned, construction is expected to begin this spring.Construction will create about 150 jobs and...Read More

Chinese iron ore prices rose for a sixth straight session on Tuesday as Brazil's Vale faced further restrictions at its iron ore operations, adding to concerns about tight supply of the steelmaking raw material. A Brazilian court on Monday ordered Vale, the world's largest iron ore miner, to halt operations at two more dams, adding pressure on the miner to prove that its remaining dams are safe.St...Read More

Nickel Asia Corp, the Philippines' top nickel ore producer, expects its 2019 shipments to be unchanged from last year, although it plans to increase its domestic sales to maximise profits, its chief financial officer told Reuters.Nickel Asia accounts for about half of the nickel ore output in the world's second-biggest supplier of the metal. Its ores are exported to customers in China and Japan, w...Read More

British chemicals firm INEOS said on Tuesday it would buy Cristal's North American titanium dioxide business from Tronox for $700 million."This is a great opportunity for INEOS to enter the pigments market and become the second largest producer of titanium dioxide in the key North American market," Jim Ratcliffe, INEOS chairman said in a statement.($1 = 0.7524 pounds)(By Elisabeth O'Leary; Editing...Read More

Norsk Hydro ASA, one of the world's biggest aluminum producers, suffered production outages after a cyber attack affected operations across Europe and the U.S.The company called the situation "quite severe" and was still working to contain the effects of the ransomware, a kind of malicious software that typically blocks access to a computer system unless a ransom is paid.Hydro couldn't detail how...Read More

It's widely expected that interest rates won't change Dow Jones Industrial Average (DJI) futures are confidently above fair value today. Should today's pre-market price action hold, the blue-chip index could take aim at a five-day winning streak -- which would mark its longest since early January. The two-day Fed meeting will get underway later today, but no rate hike is expected to be announced...Read More

Chile's Codelco, the world's No. 1 copper producer, is set to ink a long-awaited deal with Ecuador-controlled miner Enami EP to develop a jointly-owned copper project in the Andean country.The 982-million-tonne Llurimagua copper project, located in the Imbabura Province, about 80 km northeast of Ecuador's capital, Quito, is in the advanced exploration stage and could become the first mine Codelco...Read More