The popular belief that the U.S. economy has been steadily recovering has endured months of disappointing data without losing much of its appeal. A deep bench of excuses, ranging from the weather to the Chinese economy, has been called on to justify why the economy hasn't built up any noticeable steam, and why the Fed has failed to move rates off zero, where they have been for seven years. But the...Read More
The Mining Association of Canada (MAC) expressed its firm support for Canada's participation in the Trans-Pacific Partnership (TPP)."Canada's mining industry has been a strong advocate for liberalized trade and investment flows for many years," stated Pierre Gratton, MAC's President and CEO."NAFTA, free trade agreements with Chile, Peru, Colombia, and other countries in Latin America, Africa, and...Read More
A decision on Friday by a Greek court going in favour of Eldorado Gold's (TSX:ELD) Skouris mine has bumped the stock up by close to 10 percent.Shares in the $3.3-billion market cap company gained 9.63 percent at the close of trading in Toronto, following news that the company can temporarily resume mining until a final court ruling is made. It's the most the Vancouver-based global gold miner has...Read More
Unless you were hiding out in rough rice or lean hogs, commodities were not your friend in the third quarter of 2015.GoldCore compiled three-month relative performance of commodities with data from Finviz.com. Worries out of Asia hurt commodities. China is rebalancing, emphasising consumption over investment. It's stock market gyrations also dragged down metals. The Shanghai Composite Index fallin...Read More
The slowdown in the Chinese economy has been front and centre for commodities markets for a long time, but today's its impact is felt on US interest rate policy and equity markets. China's official GDP growth is expected to slow to less than 7% in 2015, the slowest pace in 25 years.But even at this rate of growth the country would be adding some $700 billion to gross domestic product (and that's e...Read More
Christine Lagarde speaking at the World Economic Forum in Davos, Switzerland. Image from Wikipedia.With China emphasising consumption over investment, there 'could be a prolonged period of low commodity prices', said Christine Lagarde, Managing Director of International Monetary Fund.Lagarde, who was speaking to the Council of the Americas today, said China is transitioning to a new growth model,...Read More
Collahuasi cutsOn Wednesday copper futures staged a comeback from six year lows hit earlier in the week as supply disruptions from top producing countries Chile and Peru lift sentiment in beaten down sector.On the Comex market in New York copper for delivery in December surged as much as 4.7% to a session high of $2.3575 or $5,200 a tonne. Today's advance lifted the red metal out of bear territor...Read More
#Peru: 3 people dead in protests against mining project #LasBambas | http://t.co/bFce77m5kf (esp) via @laprensaperu pic.twitter.com/TFyNiXWcO7- Revolution News (@NewsRevo) September 29, 2015Protests at MMG's Las Bambas mine in Peru resulted in four fatalities and 16 people seriously injured yesterday, said the company in statement.A state of emergency has been imposed at the Apurimac region near t...Read More
Over reliance on Iran's oil sector have hurt mining, says Mehdi Karbasian, managing director of a group pushing for mine development in the country."During the past decades, due to the huge investments made in the oil industry. The foundation of the Iranian economy was based on this industry and the government paid less attention to making big investments in other sectors," said Karbasian last mo...Read More
In mid-August, China shocked markets by devaluing the yuan.Today's infographic looks at the impact this had on global currencies using three different timeframes:1 day, 1 week, and 1 month.In the grand scheme of things, China's mid-August currency devaluation spree was a drop in the bucket. Since the Financial Crisis, countries have routinely printed money, kept rates pegged artificially low, and...Read More
Australia's minerals industry professionals have experienced another surge in unemployment. The mining industry is now losing highly skilled professionals as they pursue alternative work.The organisation representing minerals professionals, the Australasian Institute of Mining and Metallurgy (AusIMM), today released annual survey results highlighting an alarming increase in unemployment amongst hi...Read More
As the deep sea mining industry chases investors at the Asia Pacific Deep Sea Mining Summit, a new critique by the Deep Sea Mining Campaign reveals indefensible flaws in the Environmental and Social Benchmarking Analysis of the Solwara 1 project commissioned by Nautilus Minerals. The proposed Solwara 1 deep sea mine, situated in the Bismarck Sea of Papua New Guinea, is the world's first to rec...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The future of transport is evolving. Our analysis points to a gradual but exponentential rise in electric vehicle (EV) sales globally, driven by rapidly changing EV economics and technological innovations. In...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The future of transport is evolving. Our analysis points to a gradual but exponentential rise in electric vehicle (EV) sales globally, driven by rapidly changing EV economics and technological innovations. In...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The future of transport is evolving. Our analysis points to a gradual but exponentential rise in electric vehicle (EV) sales globally, driven by rapidly changing EV economics and technological innovations. In...Read More
(Adds quotes, details)LUSAKA, March 20 (Reuters) - Zambia expects to produce more than one million tonnes of copper this year after revising its 2017 copper production upwards on the back of stabe power supply, a senior ministry of mines official said on Tuesday.Rising copper prices were also expected to boost revenue collection in Africa's No.2 producer of the metal, which ranks exports of the me...Read More
Investing.com - Gold prices fell on Friday to settle at their lowest level in two weeks as the dollar remained supported by expectations for a rate hike at the upcoming Federal Reserve meeting this week.Gold futures for April delivery settled down 0.27% at $1,314.20 on the Comex division of the New York Mercantile Exchange. It was the lowest close since March 1. For the week, prices were down 0.88...Read More
(Adds US stock index futures, updates prices)* Stocks waver after three days of losses* World stocks set for weekly loss despite record inflows* Mueller investigation adds to U.S. political worries* White House shake-up reports weigh on dollar* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Danilo MasoniMILAN, March 16 (Reuters) - World stocks wavered and the dollar eased on Friday as...Read More
* World stocks waver after three days of losses* European shares livened up by dealmaking, set for weekly loss* Mueller investigation adds to U.S. political worries* White House shake-up reports weigh on dollar* Weaker dollar lifts copper prices, oil edges up* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Danilo MasoniMILAN, March 16 (Reuters) - World stocks wavered and the dollar eas...Read More
(Adds company news items and futures)March 15 (Reuters) - Britain's FTSE futures FFIc1 were flat ahead of the cash market open on Thursday.* SHELL: Royal Dutch Shell RDSa.L Chief Executive Ben van Beurden saw his total remuneration in 2017 rise to 8.9 million euros ($11 million) from 8.6 million the previous year. JUST GROUP: Annuity provider Just Group JUSTJ.L posted a record 35 percent rise in 2...Read More