India Leads Global Oil Demand Growth As Consumption Surges
India emerged as the world’s largest single source of oil demand growth in 2024 and maintains that position heading into 2026, driven by rapid economic expansion, urbanization, and growing transportation needs. India’s oil consumption grew 3.4% in 2024, making it the top contributor to global demand growth, according to the International Energy Agency’s Global Energy […]
Cocoa Prices Plunge After Record Highs, But Volatility Expected to Continue
Cocoa prices have fallen sharply from historic peaks, providing some relief to chocolate manufacturers after months of market turmoil, though analysts warn that volatility is far from over. Prices have plunged to around $6,000 per tonne after peaking above $12,000 per tonne in late 2024. New York cocoa futures hit a 19-month low last week, […]
US Steel Sues Canadian Steelmaker Over Broken Contract
US Steel has filed a lawsuit against Algoma Steel (TSX: ASTL), one of Canada’s largest steel producers, alleging the company backed out of a multimillion-dollar contract to purchase iron ore pellets. The complaint, filed in federal court in Pittsburgh, claims Algoma Steel breached a five-year-old agreement to buy millions of tons of iron ore pellets […]
First Majestic Posts Record Quarterly Silver Production In Q3
First Majestic Silver (TSX: AG) (NYSE: AG) recorded their highest quarter ever of silver production in Q3 2025, while silver equivalent production totaled out to 7.7 million ounces. The quarter continued to see production results bolstered by the addition of the Los Gatos Silver Mine to their portfolio earlier this year, while the rising price of silver skewed equivalent production figures, reducing equivalent ounce production results by approximately 400,000 ounces.
Scottie Resources Hits 8.37 g/t Gold Over 8.45 Metres At Blueberry Zone, Completes Bulk Sample
Scottie Resources (TSXV: SCOT) this morning released assay results from their 2025 exploration program focused on the Blueberry Contact within their flagship Scottie Mine project. High grade gold continues to be intersected at the zone, particularly within the BB Vein. Highlights from the results include: “Overall, the frequency of high-grade intercepts with meaningful widths has […]
Torex Gold Posts Q3 Production Of 119,034 Ounces Gold Equivalent
Torex Gold (TSX: TXG) this morning reported Q3 production of 119,034 ounces of gold equivalent from their Morelos Complex in Mexico. The figure represents production from the ELG open pit and underground operations, as well as from the Media Luna underground operations. Broken out, production amounted to 95,058 ounces of gold, 485.2 thousand ounces of […]
Lundin Gold Sees Q3 Production Slip To 122,086 Ounces
Lundin Gold (TSX: LUG) reported their third quarter production results on Wednesday evening, headlined by quarterly production of 122,086 ounces of gold. The figure represents a decline of 12.4% from the second quarter. Production during the quarter came from the company’s Fruta del Norte mine in southeastern Ecuador. In terms of production mix, 78,172 ounces […]
Italy Advances Plans to Reverse Nuclear Energy Ban After Four Decades
Italy took a significant step toward ending its 38-year ban on nuclear power in October when the Council of Ministers approved legislation that would allow the government to regulate the reintroduction of nuclear energy, officials said. Parliament must still approve the bill, which would reverse Italy’s nuclear phase-out that began after the 1986 Chernobyl disaster. […]
Ontario Skills Fund Favored Lobbyist Clients, Auditor Finds
Ontario’s auditor general has determined that the province’s $2.5 billion Skills Development Fund operated without fair or transparent processes, with more than $100 million flowing to clients of Premier Doug Ford’s campaign manager. Auditor General Shelley Spence released findings on October 1 showing that non-partisan ministry staff gave poor, low, or medium rankings to over […]
Ford Urges Carney To Hit Back US On Trump Tariffs
Ontario Premier Doug Ford said Canada should “take a different approach” and “hit back” against US tariffs if talks fail, pointing to new US duties of 10% on timber and lumber and 25% on imported kitchen cabinets, bathroom vanities, and upholstered furniture. He spoke to reporters at Queen’s Park ahead of a planned Oval Office […]