Core Viewpoint - Southern Copper Corporation is a significant player in the mining industry, primarily producing copper, molybdenum, zinc, and silver, with operations in Peru and Mexico, making it one of the largest integrated copper producers globally [1] Group 1: Stock Performance - UBS downgraded Southern Copper from a Neutral rating to a Sell rating, with the stock priced at $186.25, yet the stock recently closed at $182.97, marking a 1.5% increase from its previous close [2] - Over the past month, Southern Copper's shares surged by 27.44%, significantly outperforming the Basic Materials sector's gain of 8.62% and the S&P 500's increase of 1.57% [3][6] - The stock has fluctuated between a low of $179 and a high of $186.63 on the day of reporting [4] Group 2: Earnings Expectations - Investors are anticipating the upcoming earnings release, with expectations of an EPS of $1.44, reflecting a 42.57% increase from the previous year, and projected revenue of $3.62 billion, indicating a 30.11% rise from the same quarter last year [3][6] - For the entire year, Zacks Consensus Estimates predict earnings of $5.3 per share and revenue of $13.17 billion, indicating a 22.4% increase in earnings with stable revenue [4] Group 3: Market Capitalization and Trading Volume - Southern Copper's market capitalization stands at approximately $152.56 billion, with a trading volume of 1,807,273 shares [5] - Over the past year, the stock has reached a high of $186.67 and a low of $72.86, indicating strong performance despite the recent downgrade by UBS [5]

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company operates with a team of experienced and qualified news journalists, ensuring independent content production [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors, including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Market Overview - Futures have reversed modest overnight gains, with S&P futures down 0.1% and Nasdaq futures down 0.3% as small caps outperform for a record 12th day in a row [1] - The market mood remains shaky, with a significant drop in liquidity as top of book collapsed 60% overnight [4] - Gold continues to hit new highs, approaching $4,900 per ounce, while bond yields are 1-2 basis points lower [1][8] Corporate News - Biohaven (BHVN) rises 3% after an upgrade to outperform by RBC due to supportive data [5] - Halliburton (HAL) climbs 2% after reporting fourth-quarter adjusted earnings per share that beat analyst estimates [5] - Kraft Heinz (KHC) declines 5% as Berkshire Hathaway may sell some or all of its stake in the company [5] - Nathan's Famous (NATH) rises 8% after Smithfield Foods agreed to buy the company for $102 per share [5] - Netflix (NFLX) falls 7% after forecasting first-quarter earnings below analyst estimates and pausing share buybacks [5] Economic Indicators - The US economic calendar includes October construction spending and December pending home sales, with expectations of a 0.1% increase and a 0.25% decrease respectively [18][38] - Inflation in the UK rose to 3.4% in December, slightly above expectations, driven by higher tobacco prices and airfares [27] Geopolitical Developments - President Trump's speech at the World Economic Forum is anticipated to address various topics, including trade and tariffs, amid ongoing tensions regarding Greenland [6][30] - The Supreme Court is set to hear arguments regarding Trump's ability to fire Federal Reserve Governor Lisa Cook, coinciding with a criminal investigation into Fed Chair Jerome Powell [11][25] Sector Performance - European stocks drifted lower, with the Stoxx 600 down 0.6%, weighed down by financials and tech, while materials and luxury names outperformed [13][26] - The Russell 2000 is outperforming the Magnificent Seven by more than 10% year-to-date, indicating a rotation in market leadership [9]

Core Viewpoint - Cascadia Minerals Ltd. will participate in The Investor Icebreaker 2026, a mining showcase event aimed at connecting the company with targeted mining-focused investors [1][9]. Group 1: Event Participation - The event is a curated investor forum held during Vancouver's annual mining conference week, providing an opportunity for the company to communicate its strategy and upcoming plans [3][9]. - The company expects to conduct a series of scheduled meetings with investors and industry participants [3]. Group 2: Event Format - The event will feature a meeting-based forum focusing on corporate strategy, investment thesis, near-term milestones, project development, and capital markets positioning [4]. - The afternoon session will include group investor meetings in rotating 20-minute time blocks, with an optional morning session for one-on-one meetings with select investors [5]. Group 3: Company Overview - Cascadia's flagship asset is the 177 km² Carmacks Project in central Yukon, containing 651 million pounds of copper and 302 thousand ounces of gold [7]. - A preliminary economic assessment in 2023 indicated a post-tax NPV of $330.1 million and a 38% after-tax IRR at $4.25 per pound copper and $2,000 per ounce gold [7]. - The company is preparing for a 15,000-meter drill program in 2026 to expand the existing resource [7].

Core Viewpoint - Graphite One Inc. has been recognized as the 8th top-performing company in the 2026 OTCQX Best 50 rankings, reflecting strong investor approval of its supply chain strategy [1][2][3] Company Performance - The OTCQX Best 50 ranking is based on an equal weighting of one-year total return and average daily dollar volume growth from the previous calendar year, with Graphite One's performance evaluated for 2025 [2] - The recognition indicates that Graphite One's strategy is effectively meeting market expectations, as stated by the CEO [3] Market Making Engagement - Graphite One has engaged ICP Securities Inc. for automated market making services, with a monthly fee of C$7,500 for an initial term of four months, automatically renewable [4][5] - ICP will manage temporary imbalances in the supply and demand of Graphite One's shares, covering its own costs for buying and selling [5][6] Supply Chain Strategy - The company is developing a U.S.-based advanced graphite supply chain, anchored by the Graphite Creek deposit, which is recognized as the largest graphite deposit in the U.S. [7] - The strategy includes transporting materials to a manufacturing plant in Warren, Ohio, and potentially establishing a recycling facility to reclaim graphite and other battery materials [7][10] About ICP Securities Inc. - ICP Securities Inc. specializes in automated market making and liquidity provision, utilizing its proprietary algorithm to enhance market liquidity [8]

Core Insights - The article emphasizes the importance of identifying underpriced equities with strong upside potential and overappreciated companies with inflated valuations in investment strategies [1] - It highlights the significance of analyzing Free Cash Flow and Return on Capital for deeper investment insights beyond simple profit and sales analysis [1] - The author acknowledges that while some growth stocks may deserve premium valuations, it is crucial for investors to investigate whether the market's current opinions are accurate [1] Industry Focus - The research primarily concentrates on the energy sector, including oil & gas supermajors, mid-cap, and small-cap exploration & production companies, as well as oilfield services firms [1] - The analysis also extends to various other industries, such as mining, chemicals, and luxury goods [1]

Core Insights - BHP Group Limited and Vale S.A. are major competitors in the global metals and mining sector, both poised to benefit from increasing infrastructure investments and long-term demand for essential minerals [2][22] BHP Group Limited - BHP achieved a record iron ore production of 263 million tons (Mt) in fiscal 2025, a 1% increase year over year, with Western Australia Iron Ore (WAIO) producing a record 257 Mt [4] - In the first half of fiscal 2026, BHP's iron ore production rose 2% year over year to 134 Mt, with WAIO contributing 130 Mt [5] - BHP is focusing on commodities like copper and potash, allocating nearly 70% of its medium-term capital expenditure to these areas, with copper production reaching a record 2,017 kilotons (kt) in fiscal 2025 [6] - The Jansen Stage 1 potash project is 75% complete and expected to produce 4.15 million tons of potash annually starting mid-2027, with Stage 2 projected to double production capacity by the end of the decade [8][9] - BHP's fiscal 2026 earnings estimates indicate a year-over-year rise of 23.1%, with upward revisions over the past 60 days [16] Vale S.A. - Vale's iron ore production for 2025 was around 335 Mt, meeting the high end of its target, with copper output at 370 kt and nickel output at 175 kt [10] - Vale is investing $1.6 billion in base metals in 2026, with copper production expected to reach 350-380 kt in 2026 and 700 kt by 2035, promising a 7% compound annual growth rate (CAGR) from 2024 to 2035 [12][14] - The Bacaba project will contribute an average annual copper output of 50 kt over eight years starting in 2028, while other projects will enhance Vale's copper production capacity [13] - Vale's nickel production is projected to be between 175 kt and 200 kt in 2026, with expectations of 210-250 kt by 2030 [15] - Vale's earnings estimates for 2025 and 2026 indicate year-over-year growth of 13.7% and 0.4%, respectively, with upward revisions in the past 60 days [17] Comparative Analysis - BHP's stock has appreciated 36.7% over the past year, while Vale's stock has gained 92.2% [22] - BHP trades at a forward price-to-sales multiple of 3.17X, compared to Vale's 1.63X [20] - Both companies are well-positioned for long-term growth, but Vale's attractive valuation and stronger one-year price performance make it a more favorable investment option at this time [22][23]

Core Viewpoint - Energy Fuels has made an offer to acquire Australian Strategic Materials (ASM), marking a significant development for both companies in the rare earth materials sector [1][3]. Transaction Overview - The acquisition is structured through a scheme implementation deed with an implied value of AUD 1.60 per ASM share as of the previous Friday [3]. - ASM shareholders will receive a fixed ratio of Energy Fuels' shares, specifically 0.053 shares for each ASM share [4]. - The transaction aims to create synergies between the combined assets of ASM and Energy Fuels, enhancing their position in the mine-to-metal strategy for rare earth materials [3][4].

Core Viewpoint - Vault Strategic Mining Corp. intends to extend the expiry date of 2,000,000 share purchase warrants from February 14, 2026, to August 14, 2026, which were issued in a private placement [1] Group 1: Warrant Details - The Warrants are exercisable at prices of $0.20 and $0.50 per common share and are subject to an acceleration clause [1] - Holders of the Warrants will need to submit their original Warrant certificate to exercise them, and no amended Warrant certificate will be issued [3] Group 2: Related Party Transactions - Certain Warrants are held by insiders, qualifying as "related parties," making the amendment a "related party transaction" under Multilateral Instrument 61-101 [2] - Exemptions from formal valuation and minority approval requirements apply since the fair market value of the Related Party Warrants does not exceed 25% of the Company's market capitalization [2] Group 3: Company Overview - Vault Strategic Mining Corp. focuses on acquiring and advancing strategic and critical mineral projects in top-tier mining jurisdictions, emphasizing historical and underexplored assets [4] - The Company trades on the TSX Venture Exchange (TSXV: KNOX), OTC Markets (OTC: KNXFF), and the Frankfurt Stock Exchange (FSE: M85) [5]

｜2026年1月21日星期三｜ 1月21日，中信建投研报称，铜价受供应扰动、需求增长及贸易流向变化推动大涨，后续走势存不确定 性。供应端，去年印尼、智利矿山事故致供应中断，智利铜矿罢工加剧短缺，南美铜矿产量占比下滑、 新项目审批滞后，加工费低迷使冶炼厂削减产能。需求端，新能源转型、AI基建带动铜消费，电动汽 车、数据中心对铜需求高于传统领域。贸易端，美国拟加征铜关税的预期，促使交易商向美出口铜，推 高其他地区供应紧张程度。后续美国关税政策、库存流向的实际变化节奏不明，"铝代铜"短期难替代， 再生铜供应增长的影响待观察，这些变量使走势存在不确定性。 NO.3华泰证券：2026年是全球L4级自动驾驶产业化关键一年 NO.1中信建投：看好固态电池板块春季行情 1月21日，华泰证券研报称，2026年1月13日，美国众议院审议《SELF DRIVE Act of2026》，拟将 FMVSS豁免上限从2500辆提升至9万辆并确立联邦优先权，两党罕见达成共识，近十年立法僵局有望打 破。与此同时，Waymo周订单已达45万次、Tesla Cybercab预计4月量产，美国Robotaxi商业化进入规模 扩张期。华泰证券认为， ...