Codelco and other copper mining giants are set to plow billions of dollars into the revitalization of Chile's mines, but that may not be enough to keep the country from losing ground to competitors elsewhere in the world.Demand for copper is widely expected to take off by the mid-2020s amid a boom in electric vehicle production, but Chile is saddled with mines facing crippling declines in ore grad...Read More

Growing demand for smart thermostats, wind turbines and other high-tech devices is expected to keep copper the dominant material used in electrical components, industry players said, offsetting rising use of aluminum, a cheaper alternative to conduct electricity.That bodes well for the likes of Chilean producer Codelco, Rio Tinto Plc and other major copper miners, who are investing billions of dol...Read More

Growing demand for smart thermostats, wind turbines and other high-tech devices is expected to keep copper the dominant material used in electrical components, industry players said, offsetting rising use of aluminum, a cheaper alternative to conduct electricity.That bodes well for the likes of Chilean producer Codelco, Rio Tinto Plc and other major copper miners, who are investing billions of dol...Read More

The shares are approaching a historically bearish trendlineThe shares of homebuilder KB Home (NYSE:KBH) are higher today, thanks to some upbeat analyst attention. Specifically, J.P. Morgan Securities upgraded KBH to "neutral" from "underperform," and lifted its price target on the stock to $23 from $20.50, citing "a more stable demand backdrop following the continued decline of rates." However, KB...Read More

Oil prices jumped to five-month highs this week, pushed higher by a bullish cocktail of supply outages, geopolitical unrest and a sputtering shale sector.The most recent factor is the sudden eruption of the long simmering feud in Libya between rival factions. The attack on Tripoli by the Libyan National Army (LNA), a militia led by Khalifa Haftar, led to a spike in oil prices on Monday as the mark...Read More

McEwen Mining reported its first quarter results on April 9, along with the news that it is considering the sale of its Mexican assets. The net proceeds would be used to advance other development projects and retire a portion of the company's debt.The El Gallo heap leach complex in Sinaloa state produced 5,413 oz. of gold in Q1 2019. Gold is recovered from residual leaching of the heap. The proces...Read More

McEwen Mining reported its first quarter results on April 9, along with the news that it is considering the sale of its Mexican assets. The net proceeds would be used to advance other development projects and retire a portion of the company's debt.The El Gallo heap leach complex in Sinaloa state produced 5,413 oz. of gold in Q1 2019. Gold is recovered from residual leaching of the heap. The proces...Read More

McEwen Mining reported its first quarter results on April 9, along with the news that it is considering the sale of its Mexican assets. The net proceeds would be used to advance other development projects and retire a portion of the company's debt.The El Gallo heap leach complex in Sinaloa state produced 5,413 oz. of gold in Q1 2019. Gold is recovered from residual leaching of the heap. The proces...Read More

Gold's safety demand has revived thanks to latest economic fears.IMF global growth forecast, China demand are boosting gold price.Gold is inches away from a renewed immediate-term breakout signal. Just when it appeared that gold's 7-month recovery was dead, the yellow metal has roared back to life. A failed attempt by the bears at raiding the market has given way to a renewed rally attempt as...Read More

AAPL stock was downgraded at HSBC Yesterday, Apple Inc. (NASDAQ:AAPL) stock closed down 0.3%, falling short of its longest daily win streak since 2010. Today, the FAANG stock is lower once again, down 0.5% to trade at $198.53, thanks to a bearish analyst note.Specifically, HSBC downgraded the stock to "reduce" from "hold," with the brokerage firm saying it doesn't expect the new slate of Apple ser...Read More

First Cobalt Corp aims to restart an idled cobalt refinery in Canada within two years and is in talks to supply the battery-grade product to four leading automakers, chief executive Trent Mell said on Wednesday.The Toronto-based company is planning a $30 million revamp of the plant, located in the appropriately named town of Cobalt, Ontario, which has been shut down since 2015.The restart would pr...Read More

Poland's KGHM, one of the world's biggest copper and silver producers, has no plan to sell its foreign assets but may freeze some in Canada or the United States if they require big investments, its chief executive said.State-run KGHM, which for many years had focused only on Poland, accessed Chilean, Canadian and U.S. metal deposits through its almost $3 billion purchase of Quadra FNX in 2012, the...Read More

Poland's KGHM, one of the world's biggest copper and silver producers, has no plan to sell its foreign assets but may freeze some in Canada or the United States if they require big investments, its chief executive said.State-run KGHM, which for many years had focused only on Poland, accessed Chilean, Canadian and U.S. metal deposits through its almost $3 billion purchase of Quadra FNX in 2012, the...Read More

Zimbabwe may withdraw mining rights from companies that take too long to dig for minerals, the deputy mines minister said on Wednesday, part of efforts to lift output in a sector vital to the country's economic revival.Zimbabwe sits on the second-largest known platinum deposits after neighbouring South Africa and President Emmerson Mnangagwa is keen to revive mining after years of reticence by for...Read More

The marijuana company will expand its Alberta facility by more than initially plannedCanadian marijuana concern Aurora Cannabis Inc (NYSE:ACB) just announced that is will be expanding its Aurora Sun production facility in Alberta by 33% more than initially planned, in order to meet the ever-growing global demand for medical-grade marijuana. The shares of ACB are inching higher in response, up 1% a...Read More

Cowen likes AMD's positioning versus rival IntelXilinx, Inc. (NASDAQ:XLNX) has been a notable outperformer in recent months, outpacing the S&P 500 Index (SPX) by almost 28 percentage points over the past 60 sessions. In fact, Schaeffer's Quantitative Analyst Chris Prybal just pointed out that XLNX has seen the largest increase in market cap since September among all companies valued under $40 bill...Read More

UAA is nearing a historically bullish trendlineAthletic retailer Under Armour Inc (NYSE:UAA) is moving higher in this morning's trading. Its new-found surge comes just after Citigroup upgraded to "buy" from "neutral" and hiked its price target to $29 from $23. The firm said UAA holds a "renewed focus" for profit growth, and has adapted to the "changing athletic landscape." In response, UAA is up...Read More

Greatpower Technology Co, a Chinese supplier of chemicals for lithium-ion batteries, will start producing nickel sulphate from a plant in eastern China's Zhejiang province by the end of this year, its chairman said on Wednesday.Nickel sulphate, like the sulphate form of sister metal cobalt, is a sought-after ingredient in cathodes for batteries used in electric vehicles, for which China's is the w...Read More

A short squeeze could be fueling the solar stock's rallyAbout a month ago, Goldman Sachs waxed optimistically over large-cap solar stocks. Today, the brokerage firm upped the ante, adding First Solar, Inc. (NASDAQ:FSLR) to its "Americas Conviction List," while reiterating its "buy" rating, and raising its price target to $75 from $64. The analyst in coverage glowed about the company's strong U.S...Read More

Nearly 2,000 Zambian villagers have the right to sue mining company Vedanta in the English courts, London's Supreme Court said on Wednesday, raising the prospect other companies could face legal action in England related to their activities abroad.India-listed Vedanta, which delisted from London last year but maintains a legal base in Britain, appealed a lower-court ruling that a case in which vil...Read More