Core Insights - The article discusses the significant rebound of certain ETFs in 2025 after substantial declines in 2024, highlighting the resilience of these funds in the face of changing market conditions [1][2][3]. ETF Performance - Twelve actively traded ETFs, including iShares MSCI South Korea (EWY), VanEck Rare Earth & Strategic Materials (REMX), and Invesco WilderHill Clean Energy (PBW), have returned 20% or more in 2025 after dropping 20% or more in 2024 [1][10]. - iShares MSCI South Korea has seen an impressive return of 87.45% in 2025, recovering from a decline of 20.79% in 2024 [10]. - The Invesco WilderHill Clean Energy ETF has rebounded by 66.78% in 2025 after a 30.62% drop in 2024 [10]. Sector Analysis - The AI rally has contributed to the performance of U.S. AI and technology ETFs, with the Technology Select Sector SPDR Fund (XLK) up nearly 27% in 2025, outperforming the S&P 500 [2]. - ETFs focused on South Korean stocks are benefiting from strong global demand for semiconductors, with major holdings like Samsung Electronics and SK Hynix driving performance [4][5]. - The Invesco WilderHill Clean Energy ETF's recovery is attributed to the increasing energy consumption from new data centers supporting the AI boom, alongside the expiration of tax credits for residential solar installations [8]. Market Trends - The article notes that investment styles in ETFs can fluctuate significantly from year to year, emphasizing that past performance does not guarantee future results [3][9]. - The demand for basic materials in Latin America has positively impacted the iShares Latin America 40 ETF, which has returned nearly 48.62% in 2025 after a 23.01% decline in 2024 [10]. - Speculative investments, such as the AdvisorShares Pure US Cannabis ETF, have also seen rebounds, with a 23.09% return in 2025 following a 45.35% drop in 2024, driven by hopes for more lenient regulations [8].

Group 1 - Silver Storm Mining Ltd. is participating in the 121 Mining Investment Conference in London, where CEO Greg McKenzie will present the company's recent and future activities [1][2] - The conference will host over 150 mining companies and more than 500 sophisticated investors, featuring pre-arranged 1-2-1 meetings and expert commentary on industry developments [2][4] - The event is scheduled for November 17-18, 2025, and offers free registration for interested investors [2][3] Group 2 - Silver Storm Mining Ltd. focuses on advanced-stage silver projects in Durango, Mexico, including the La Parrilla Silver Mine Complex and the San Diego Project, one of the largest undeveloped silver assets in Mexico [5]

Core Insights - Anfield Energy Inc. has completed its first major procurement of specialized underground mining equipment, ordering eight custom-built underground haul trucks from Young's Machine Company, marking a significant milestone in its production ramp-up at the Velvet-Wood uranium-vanadium mine [1][2] Purchase Details - The order includes multiple units from Young's 960 Series dump trucks, designed specifically for underground mining operations, known for their durability and low operational costs [6] - Delivery of the trucks is projected to begin in the second quarter of 2026, aligning with Anfield's timeline following a recent ground-breaking ceremony [6] Strategic Context - Anfield aims to become a top-tier supplier of clean energy inputs, with plans to restart the Shootaring Canyon Mill and scale production to 3 million pounds of uranium annually [4] - The Velvet-Wood Mine will supply material to the Shootaring Canyon Mill, supporting a "hub-and-spoke" model that contributes to U.S. energy independence [4] Historical Context and Production Potential - The mine targets historical materials from operations in the 1970s and 1980s, which produced approximately 4 million pounds of U₃O₈ and 5 million pounds of V₂O₅ [5] - A 2023 Preliminary Economic Assessment (PEA) projected positive production potential, with recent expedited permitting from the U.S. Department of the Interior and Utah regulatory approvals accelerating development [5] Local Economic Impact - Partnering with Young's Machine Company emphasizes Anfield's commitment to local supply chains and American manufacturing, potentially creating jobs in San Juan County [7] - The procurement of equipment from a local manufacturer reduces logistics costs and strengthens local economic ties [2][5] Market Position and Investor Confidence - Anfield's share price reflects investor confidence in its expedited permitting under federal energy initiatives, positioning the company as a potential leader in the U.S. uranium production landscape [7]

Core Insights - Anfield Energy Inc. has completed its first major procurement of specialized underground mining equipment, ordering eight custom-built underground haul trucks from Young's Machine Company, marking a significant milestone in its production ramp-up at the Velvet-Wood uranium-vanadium mine [1][2] - The partnership with Young's Machine, a local manufacturer, is expected to enhance operational efficiency and support Anfield's strategy for near-term production while contributing to local economic development [2][4] Purchase Details - The order includes multiple units from Young's 960 Series dump trucks, designed specifically for underground mining operations, known for their durability and low operational costs [6] - Delivery of the trucks is projected to begin in the second quarter of 2026, aligning with Anfield's development timeline for the Velvet-Wood Mine [6] Strategic Context - Anfield aims to position itself as a leading supplier of clean energy inputs, with plans to restart the Shootaring Canyon Mill and scale production to 3 million pounds of uranium annually [4] - The Velvet-Wood Mine will supply material to the Shootaring Canyon Mill, supporting a "hub-and-spoke" production model that aligns with U.S. energy independence goals [4][5] Historical Context and Production Potential - The Velvet-Wood Mine targets historical materials from past operations that produced approximately 4 million pounds of U₃O₈ and 5 million pounds of V₂O₅ [5] - A 2023 Preliminary Economic Assessment (PEA) indicated positive production potential, with recent regulatory approvals accelerating development [5] Operational Readiness and Local Economic Impact - The procurement of trucks complements recent operational activities, including a completed confirmation drill program at the JD-7 Mine [7] - Partnering with Young's Machine is expected to create jobs in San Juan County and strengthen local supply chains [7] Market Momentum - Anfield's share price reflects investor confidence in its expedited permitting process under federal energy initiatives, indicating strong market momentum for the company [7]

Summary of Multi-Industry Heatmap: 3Q25 Industry Overview - The report covers various industries, including electrical equipment, discrete automation, mining, semiconductors, trucks, and agriculture equipment, with a focus on the performance trends in these sectors during the third quarter of 2025 [3][5]. Key Insights 1. **Earnings Performance**: Approximately 77% of the companies covered have reported, showing a largely positive trend in orders, margins, and EBITA performance [3]. 2. **Electrical Equipment Strength**: There is continuing strength in electrical equipment volumes, particularly driven by data center demand, with some positive signs in European residential construction [3]. 3. **Mixed Mining Results**: Mining results have been mixed, indicating variability in performance across different companies [3]. 4. **Semiconductor Weakness**: Despite earlier expectations of a turnaround in 2026, there has been observed weakness in the semiconductor sector [3]. 5. **Weakness in Trucks and Agriculture Equipment**: Activity in trucks and agriculture equipment is reported to be very weak, with a noted softening in Europe, which was previously expected only in the US [3]. 6. **Pricing Pressure in the US**: Companies with historically higher margins, such as Legrand, Atlas Copco, VAT, and Schneider, are facing challenges in justifying price increases due to weaker-than-expected pricing power in the US [4]. 7. **Global Heatmap Trends**: The broader global heatmap indicates improving trends in sectors such as autos, general industrial, consumer, rail, and construction in the EU and Americas, while healthcare in China/Asia is experiencing deceleration [5]. Additional Observations - **Sector-Specific Trends**: The report highlights specific sectors showing sequential improvement, including autos, general industrial, and EU healthcare, while marine and oil & gas sectors have turned negative [5]. - **Overall Stability**: The aggregated trends in the EU and US are positive, suggesting a degree of stability in the market, particularly in comparison to the previous quarters [5]. - **Future Monitoring**: The report emphasizes the need to monitor pricing strategies of higher-margin companies to understand their ability to maintain price increases amidst changing market conditions [4]. Conclusion The 3Q25 reporting season reflects a mixed but generally positive outlook across various industries, with specific challenges noted in semiconductors and trucks. The pricing dynamics in the US market warrant close attention as companies navigate inflationary pressures and changing demand patterns.

Core Insights - Critical One Energy Inc. has appointed Matthew Trenkler, PhD, P.Geo, as its Chief Geological Officer to enhance its technical strategy and exploration efforts at the Howells Lake Antimony-Gold Project, which is Canada's largest undeveloped antimony deposit [1][2][3] Company Overview - Critical One Energy Inc. focuses on critical minerals and upstream energy, particularly targeting antimony and gold at the Howells Lake Project, which is strategically positioned to meet the rising global demand for these minerals [4] - The company also has uranium investment interests in Namibia, Africa, and aims to leverage its technical, managerial, and financial expertise to create high-value projects [4] Leadership and Expertise - Matthew Trenkler brings over 15 years of experience in exploration geology, having previously led exploration at Wesdome's Eagle River Mine and held leadership roles with IAMGOLD [3] - His appointment is expected to strengthen the company's exploration strategy and enhance the execution capabilities of its technical team [3]

Market Sentiment - Positive sentiment in Asian markets was influenced by the end of the longest U.S. government shutdown and China's plans to boost the new energy battery industry [1] Stock Market Performance - China's Shanghai Composite Index increased by 0.73% to close at 4,029.50, with a trading range of 3,994.77 to 4,030.40 [2] - The Shenzhen Component Index rose by 1.8% to finish at 13,476.52 [2] - Japan's Nikkei 225 gained 0.44%, closing at 51,288.00, with a trading range between 50,956 and 51,351 [2] - Korea's Kospi Index added 0.49%, closing at 4,170.63, with a trading range of 4,123.84 to 4,180.21 [4] - The Hang Seng Index in Hong Kong increased by 0.56% to finish at 27,073.03, trading between a high of 27,188.81 and a low of 26,733.21 [4] - Australia's S&P/ASX200 closed at 8,753.40, down 0.52%, with a trading range of 8,701.80 to 8,799.60 [5] - New Zealand's NZX 50 decreased by 0.54% to close at 13,597.87, with a trading range of 13,597.87 to 13,725.62 [6] Notable Stock Movements - M3 surged by 23.5%, while Furukawa Electric and Isuzu Motors both gained close to 12% [3] - Mining IGO led gains in Australia with a 15.3% increase, followed by Domino's Pizza Enterprises at 11.7% [5] - DroneShield's stock plummeted over 31% after its CEO sold shares [6] - Mainfreight rose by 8.7%, while Skycity Entertainment gained 6.4% [7] - Terumo Corp experienced a decline of 6.3%, and Kuraray lost 5.8% [3]

Group 1 - Asia-Pacific markets showed mixed performance influenced by global risk sentiment, US-China trade optimism, and domestic factors [2][9] - Japanese equities, particularly the Nikkei 225, rose by 0.5% due to a weaker Yen and ongoing corporate earnings assessments [3][9] - The MSCI Asia Pacific Index increased by 0.6% on November 12, marking its longest winning streak in over a month, with contributions from TSMC, Mitsubishi UFJ Financial, and Sony [3][9] Group 2 - Chinese markets, including the Hang Seng and Shanghai Composite, declined by 0.3% and 0.6% respectively, primarily due to weakness in the technology sector affecting major e-commerce companies like Alibaba and JD.com [4][9] - The anticipated boost from China's Singles' Day did not fully materialize for tech stocks, as sales began weeks earlier to stimulate consumer spending [4][9] Group 3 - Australia's ASX 200 closed flat, with early gains offset by sectoral rotation; gold stocks and miners outperformed while technology and financial sectors lagged [5][9] - Despite a rise in Consumer Sentiment to a 7-year high, it had minimal impact on overall market risk appetite [5] Group 4 - Commodity markets saw crude benchmarks decline despite an IEA report indicating oil demand growth [6] - China's Commerce Ministry suspended its 2024 ban on approving exports of dual-use items related to gallium, germanium, antimony, and superhard materials until November 27, 2026 [6] - Chinese inflation data for October showed a year-on-year Consumer Price Index (CPI) of 0.2%, higher than the expected 0.0% [6]

Investigation - Australian tax officials have started a new investigation into Mineral Resources and its founder and managing director, Chris Ellison [1] Company Focus - The investigation targets Mineral Resources and its founder Chris Ellison [1]

Core Viewpoint - The tin market is experiencing significant price increases due to supply constraints, with the main contract reaching a new high of 298,500 yuan/ton, reflecting a rise of over 2% in early trading today [1] Supply Constraints - Tin supply issues are expected to persist throughout the year, primarily due to slow recovery in Myanmar's production and ongoing tight domestic tin ore supply [1] - Indonesia's crackdown on illegal tin mining and the transfer of six closed smelting plants to state-owned PT Timah have led to a sharp decline in tin ingot exports in October, raising market concerns about supply [1]