Only1 U.S.-Listed ETF Providing Pure-Play2 Exposure to Silver Miners and Physical Silver NEW YORK, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Sprott Asset Management USA, Inc. today announced that the Sprott Silver Miners & Physical Silver ETF (Nasdaq: SLVR) (the “ETF” or “SLVR”) reached $1 billion (USD) in assets under management on January 23, 2026, just over a year following its launch on January 14, 2025. SLVR is the only1 ETF focused on providing pure-play2 exposure to silver miners and physical silver, a preci ...

Core Viewpoint - Freeport-McMoRan Inc. (FCX) is a leading U.S.-based mining company with a market cap of $90.3 billion, primarily engaged in the exploration and production of various metals, including copper and gold, across multiple regions [1] Group 1: Company Performance - FCX shares have significantly outperformed the broader market, surging 71.5% over the past 52 weeks compared to a 16.1% gain in the S&P 500 Index [2] - Year-to-date, FCX shares have increased by 23.8%, while the S&P 500 has only risen by 1.9% [2] - The company's stock has also outpaced the State Street Materials Select Sector SPDR ETF's (XLB) return of 12.3% over the same period [3] Group 2: Financial Results and Outlook - In Q4 2025, FCX reported an adjusted EPS of $0.47 and revenue of $5.63 billion, although shares fell by 2.9% following the announcement [4] - The company has reduced its 2026 copper production outlook by 50 million pounds to 3.4 billion pounds, citing a weaker-than-expected outlook for 2028 due to a fatal accident at the Grasberg mine, which saw copper output drop by 38.5% year-over-year [4] - Analysts project a 27.7% year-over-year increase in adjusted EPS for the fiscal year ending December 2026, reaching $2.26 [5] Group 3: Analyst Ratings and Price Targets - Among 21 analysts covering FCX, the consensus rating is a "Moderate Buy," with 13 "Strong Buy" ratings, three "Moderate Buys," and five "Holds" [5] - Morgan Stanley recently raised its price target for FCX to $70, maintaining an "Overweight" rating, suggesting an 11.3% potential upside from the current trading price above the mean target of $58.35 [6]

Core Insights - Ur-Energy Inc. is making significant progress in its Lost Soldier and North Hadsell Projects, indicating strong potential for resource expansion and efficient capital development [2][6]. Lost Soldier Project - The Lost Soldier Project is strategically located 17 miles (27 kilometers) from the producing Lost Creek uranium mine, which may facilitate capital-efficient development by leveraging existing infrastructure [3][6]. - A total of 18 aquifer test wells have been installed to enhance understanding of local hydrogeology, with testing expected to begin in Q1 2026 [7][8]. - Initial results from a 50-hole drill program show encouraging signs, with five holes intersecting significant uranium mineralization and 11 intercepts greater than 0.20 Grade Thickness (GT) [7][8]. North Hadsell Project - The North Hadsell Project is located approximately three miles west of Lost Soldier and has confirmed multiple stacked roll-front horizons, with grades and thicknesses similar to those at the Lost Creek ISR mine [10][6]. - The ongoing 50-hole drill program has completed 16 wide-spaced holes, with five returning significant mineralization, indicating the presence of a stacked roll-front system [10][12]. - Preliminary interpretations suggest the potential for up to eight individual roll fronts within a depth range of approximately 300 to 800 feet below the surface, ideal for in situ recovery (ISR) mining [10][12]. Technical Studies and Future Plans - A new technical report is underway to establish a mineral resource estimate based on detailed roll-front mapping, combining recent work and historical data [9][10]. - The completion of the technical report is expected later this year, which will facilitate assessment and planning for potential ISR development [9].

The share price of North American Construction Group Ltd. (NYSE:NOA) fell by 2.95% between January 16 and January 23, 2026, putting it among the Energy Stocks that Lost the Most This Week. North American Construction Group (NOA) Announces Change in Leadership North American Construction Group Ltd. (NYSE:NOA) provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company offers mine ...

Core Viewpoint - Energy Fuels Inc. is a significant player in the uranium and vanadium mining sector, focusing on the extraction and development of critical minerals essential for nuclear energy and industrial applications [1] Group 1: Stock Performance - Roth Capital upgraded Energy Fuels' stock from Sell to Neutral, with the stock priced at $24.16, amid a volatile trading period [2] - Despite a recent decline of 4.46% to $23.33, Energy Fuels has seen a remarkable 74.18% rise over the past month, significantly outperforming the Basic Materials sector's 10.45% gain and the S&P 500's 0.18% increase [3][6] - The stock has fluctuated between $22.45 and $24.43 today, with a market cap of approximately $5.73 billion and a trading volume of 15.09 million shares [4] Group 2: Financial Performance - Energy Fuels is projected to have a revenue of $27 million, reflecting a 32.36% decrease from the previous year [4] - The expected EPS is -$0.07, indicating a 63.16% improvement from the previous year, while Zacks Consensus Estimates predict full-year earnings of -$0.34 per share [3][4][6] - Over the past year, the stock has experienced significant volatility, with a high of $27.33 and a low of $3.20, highlighting the dynamic nature of the mining industry [5]

铜铜铜铜 铜铜铜 2 0 2 6 / 1 / 2 7 作者：刘诗瑶 联系人：周小鸥 从业资格证号：F3041949 从业资格证号：F03093454 交易咨询证号：Z0019385 邮箱：zhouxiaoou@zjtfqh.com 邮箱：liushiyao@zjtfqh.com 审核：李文涛 交易咨询证号：Z0015640 我公司依法已获取期货交易咨询业务资格 本周观点 ◼ 上周，铜价探低回升，沪期铜最高触及99500元/吨附近支撑表现良好，LME铜短线支持位在12700美元/吨。本周初来看，有色板块在贵金属点 燃市场情绪下，开始走高，预计铜价短期内有望上探前期历史高位，等待更高的机会出现新一轮上攻。 ◼ 特朗普最新的倡议是他的"和平委员会"——在达沃斯高调发布。该委员会的抱负如今显然已远远超出最初稳定和重建加沙的目标。特朗普 政府正在做的是打造一个联合国以外的替代性论坛。市场更担忧的在于，特朗普政府任期还剩三年，他反复无常的举动引发重大危机的可能 性相当高——从全球经济到国际政治体系，再到美国自身民主与社会的稳定。在这种情况下，对于美国的盟友而言，对美国"去风险化"似 乎是唯一理性的策略。但在一个美国仍然是 ...

Core Insights - The S&P/ASX 200 index closed down 7.70 points at 8,933.90, influenced by inflation data raising interest rate hike expectations [1][8] - The trimmed mean consumer price index rose 0.9% in Q4, exceeding forecasts of 0.8%, indicating persistent underlying price pressures [1][8] - Financial stocks fell 0.3%, with Westpac and ANZ declining by 0.2% and 0.5% respectively, amid expectations of a potential interest rate hike [1][9] Stock Performance - Deep Yellow Limited (DYL) led gains, closing at $2.590, up 10.683% [6][9] - Silex Systems Limited (SLX) rose 7.412% to finish at $7.680 [6][9] - Life360 Inc. (360) was the biggest loser, down 7.613% to $28.520 [7][9] - Catapult Sports Ltd (CAT) fell 6.836% to close at $3.680 [7][9] Sector Performance - The energy sector was the best performer, gaining 2.33% and 6.13% over the past five days [8][9] - 9 of 11 sectors ended lower, contributing to the decline of the S&P/ASX 200 index [8][9] Market Expectations - Swaps indicate over a 70% chance of a cash rate hike next week, up from 60% prior to the inflation data [1][8] - Financial stocks may see early boosts from net interest margin expectations if the rate hike is perceived as measured, though gains could be limited due to credit demand and growth risks [4][9]

Core Viewpoint - The article suggests that the current market dynamics have shifted from a stable global leadership era to a "Warring States" period, indicating that commodities, particularly gold and physical assets, are becoming more reliable investments [5][31]. Group 1: Market Sentiment and Positioning - The CFTC data indicates that as of January 20, the net long position in COMEX gold increased by 1.9% to 433 tons, marking the highest level in 16 weeks, while the net long position in silver decreased by 25% to 1,761 tons, the lowest since February 2024 [3][8]. - The article highlights that the sentiment among speculators in the U.S. futures market is shifting, with an increase in short positions in silver, suggesting that investors believe silver prices are excessively high [8][12]. - Platinum's net long position decreased by 35% to 8 tons, indicating a similar trend to silver where long positions are being reduced [8][12]. Group 2: Price Trends and Historical Context - The article notes that gold prices have risen by 64.4% in 2025, despite a contraction in net long positions, reflecting strong physical demand outpacing futures market dynamics [16][18]. - The historical context is provided, stating that platinum is currently undervalued relative to silver, with the platinum-to-silver ratio at a historical low of 26.88 ounces of silver per ounce of platinum [30]. - The article also mentions that copper prices are expected to rise due to strong demand driven by technological advancements, despite being in a bear market historically [18][33]. Group 3: Economic Indicators and Future Outlook - The article discusses the Federal Reserve's current stance, indicating a low probability of interest rate cuts in the near term, with only a 2.8% chance of a cut by January 28, 2026 [28]. - It emphasizes the uncertainty surrounding future monetary policy, particularly if inflation pressures resurface while the Fed begins to lower rates [36]. - The article concludes that the investment landscape will be volatile in the first half of 2026, with potential price fluctuations as the market awaits clearer guidance from the Federal Reserve [34].

Group 1 - Mining stocks have experienced significant gains, with gold futures reaching a record of $5,100 per ounce and silver futures hitting $115.5 per ounce, indicating strong investor interest in safe-haven assets during uncertain times [1][2] - Copper prices have rebounded since August, driven by increased demand from electrification and hardware applications, suggesting a positive outlook for copper-related investments [2] - The iShares MSCI Global Metals & Mining Producers ETF reached an all-time high of $59.58, with individual companies like Rio Tinto and Fresnillo also achieving record stock prices, indicating robust performance in the mining sector [3] Group 2 - Analysts suggest that mining stocks are seen as a defensive play in the current market environment, with U.K. miners being particularly underowned, which could lead to further price increases [4]

We got the latest CPI inflation read for Australia today, and it came in hotter than expected at 3.8% in the 12mth to December CY2025; trimmed mean or core inflation is lower, too, at 3.3% but still sticky, and outside the target band.Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.So what does that mean for us investors? Well, it’s looking like Australia is going to take one big backwards step and raise ...