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
That is because this Gawler Craton advanced exploration project - which lies smack in between three of Australia's greatest copper mines - has two different stage and style deposits stacked on top of each other.First the hippo, which is called Emmie Bluff. This is a sedimentary copper-cobalt deposit which has an Indicated and Inferred Resource - from three deposits - amounting to a total of 1.1 mi...Read More
Luquman Shaheen, president and CEO of Panoro Minerals, talks to Mining Journal about the Cotabambas project, which he sees as the next large scale copper project in southern Peru.Read More
(IDEX Online) - Petra Diamonds today reported a 20 per cent dip in sales for the first half of fiscal 2023 and a net loss of $17.6m.The London-based miner made a profit of $49.1m during the same period in 2022. Earlier this month it said it was open to merger and acquisition offers.It blamed the decrease in revenue - down from $264.7m in H1 FY 2022 to $212.1m in H1 FY 20203 - largely on zero...Read More
Shares of Sigma Lithium (TSXV: SGMA) rose more than 20% on Tuesday morning following a long-weekend media report that electric vehicle manufacturer Tesla (NASDAQ: TSLA) is in takeover talks with the Brazil-focused lithium developer.Bloomberg reported late on Feb. 17 that Tesla was weighing a takeover of the company.The report cites unnamed sources "with knowledge on the matter," stating that Elon...Read More
If you haven't been able to try your hand at AI programs like ChatGPT and DALL-E, you're not alone. The endless wait lists mean only a select few can access them. It's the same reason nobody drives in New York - too much traffic. These wait lists are restrictive partially because the programs are still in the early development stages, but there's another reason they haven't already b...Read More
This week's episode features GlobalXETF commodities research analyst Roberta Caselli in conversation with host Adrian Pocobelli on metals and energy markets. Roberta discusses the historically low inventories of metals such as copper and zinc, as well as the growing impact of the reopening in China and the country's stabilizing property market. She also describes the fundamentals of the zinc, uran...Read More
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada's largest diversified miner, announced major changes on Tuesday, switching its name to Teck Metals Corp. and spinning off its multibillion-dollar steelmaking coal unit into a new company - Elk Valley Resources Ltd.The Vancouver-based miner said the business separation will allow it to focus on industrial metals such as copper, which is crucia...Read More
Upped production for 2025 Elsewhere, the London-listed company said it expected to produce an additional 2.3Mct by undergoing a centre cut extension at its Cullinan mine.Read More
Ever since US president Joe Biden enacted the 1950 Defense Production Act to boost the nation's supply of domestically-sourced critical minerals, there has been a surge in interest in North American metals projects. However, when it comes to permitting new mines, not all exploration projects are created equal. "It's good to be in the United States, but you want to be on land where you can act...Read More
"Tech is the dog," reads a note I tucked away a couple weeks ago. "Crypto is the tail."In our quest to demystify this year's maddening market action, we've been thinking at length about what's behind some of these erratic stock moves.I explored the idea a few weeks ago that crypto and tech-growth are two sides of the same coin - a Covid Bubble phenomenon that topped out in spectacular fashion in e...Read More
Faurecia S.E. (OTCPK:FURCF) Q4 2022 Earnings Conference Call February 20, 2023 4:30 AM ETCompany ParticipantsPatrick Koller - CEOOlivier Durand - EVP and Group CFOConference Call...Read full newsRead More
Adoption of Bitcoin has continued even as its price crashed amid high CPI reports. Click here to find out why I rate BTC-USD a buy.Read full newsRead More
Sulzer Ltd (OTCPK:SULZF) Q4 2022 Earnings Conference Call February 20, 2023 4:00 AM ETCompany ParticipantsChristoph Ladner - Investor RelationsSuzanne Thoma - Executive ChairwomanThomas...Read full newsRead More
In this article, I discuss XPO Logistics, one of my favorite trucking companies due to its young age and impressive expansion. Read more on XPO stock here.Read full newsRead More
Almirall, S.A. (OTCPK:LBTSF) Q4 2022 Earnings Conference Call February 20, 2023 4:00 AM ETCompany ParticipantsPablo Divasson Fraile - Director of IR and Corporate CommunicationsCarlos...Read full newsRead More
Altium Limited (OTCPK:ALMFF) Q2 2023 Earnings Conference Call February 20, 2023 1:00 AM ETCompany ParticipantsKim Besharati - VP, IR & Chief of StaffAram Mirkazemi - CEOSergey Kostinsky...Read full newsRead More
Two key risks could challenge recent market optimism: weaker consumption and a squeeze on corporate profitability. Click here to read more.Read full newsRead More
Temenos AG (OTCPK:TMNSF) Q4 2022 Earnings Conference Call February 20, 2023 12:30 PM ETCompany ParticipantsAndreas Andreades - Executive Chairman and Acting CEOPanagiotis Spiliopoulos -...Read full newsRead More
Within the past 12-month period, Coca-Cola's (KO) Total Return was -0.32%, while PepsiCo's (PEP) Total Return was 8.33%. Find out which one is the better buy.Read full newsRead More
Interested investors could make a case for going long on International Money Express, Inc., but I'm more cautious. Click for my take on IMXI stock.Read full newsRead More