The AOCE and WB have moderate overall forecasts for the metals in 2025 inline with IMF forecasts for a decline in economic growth and inflation, although we see the probability of a stagflationary scenario as still reasonably high.Read More

The past year was a difficult one overall for the metals, with the main standouts to the upside being a geopolitical risk-driven gain in gold, a China-driven rise in iron ore and a surge in uranium on broadening global support for nuclear power (Figure 1). A jump in global interest rates to near two-decade highs saw recession fears persist all year, and while one still did not actually eru...Read More

This year the post-global health crisis boom was brought to an end by a surge in inflation to forty-year highs, a major rise in global interest rates in an attempt to curb the rising prices and surging geopolitical risk after Russia's invasion of Ukraine. While precious metals held up reasonably well as markets turned to them as a risk hedge, by Q2/22 the higher interest rates put an end t...Read More

Chile is the world leader in copper production, at 28.5% of the total in 2020, and this looks set to continue, with the country having the largest global reserves, at 23.0% of total. It is also the global leader for molybdenum, which is often found along with copper, and is a major lithium player, holding 51.1% of global reserves. Read More

Newfoundland has become a gold exploration hotspot over the past few years, with the sector seeing some of its strongest activity ever. While the province remains a small contributor to Canadian gold production, it has a substantial mineral industry well supported by the government, focused on iron ore, copper and nickel, and the surge in exploration suggests that gold output from the...Read More

Nevada is the core of the U.S. gold output, accounting for by far the majority, at 75.4% on average for the past year. The state looks set to remain a dominant player in U.S. gold, as it accounts for 49% of total U.S. reserves, with Alaska slightly ahead with 51% of reserves, but just 8.6% of current production. The U.S. accounts for 6.1% of global gold output, making Nevada one of the largest gol...Read More

The Golden Triangle in northwestern British Columbia has historically been a major site of Canadian gold production, beginning as early as the mid 1800s. There was a wave of production in the 1990s which cooled as the gold price declined, but larger scale production resumed in 2017, and the area has seen surging exploration interest over the past year, given that the region has some of the largest...Read More

In this report we outline the Quebec gold mining industry, including its major producers, and a survey of many of the junior miners focused on the province. Quebec accounts for 34% of Canadian gold production (second to Ontario, with 44%) and remains a major focus for both producers and junior miners.Read More

Red Lake has been one of the most prolific gold mining districts in Canada and the world, with exploration having started in the 1920s, and production, which began in the 1930s, continuing to the present day. The district is known for the high grade of its gold, its infrastructure, and strong institutional support, given the long history of mining in the area.Read More

Mark Zuckerberg said he would explore ideas to advance racial justice and voter engagement on the platformThe shares of Facebook, Inc. (NASDAQ: FB) are down 0.05% at $229.62 this morning, after CEO Mark Zuckerberg announced on Friday he would review the social platform's content policies and explore ideas to advance racial justice and voter engagement. Until then, Zuckerberg had maintained he woul...Read More

Since late May, Russian officials have been working to contain the spill of 21,000 cubic meters of diesel at Nornickel's facility in Norilsk.Read full newsRead More

Vale said it is keeping its monthly production forecast at Itabira at 2.7 million tonnesRead full newsRead More

The nation is working with other G20 members to carry out the G20 debt relief initiative for low-income countries.Read full newsRead More

Thor Industries' third-quarter profits and revenue were better than Wall Street expectedThor Industries, Inc. (NYSE:THO) stepped up to the earnings plate this morning and knocked it out of the park, reporting fiscal third-quarter profits of 43 cents on revenue of $1.68 billion, both of which came in higher than Wall Street's estimates. Additionally, the recreational vehicle manufacturer said it w...Read More

The equity hit a record high atop the $331 level last weekApple Inc. (NASDAQ:AAPL) stock is taking a step back from Friday's all-time highs atop the $331 level, off 0.2% at $330.70 at last check. This move comes amid news that users of the tech giant's Apple Card will soon be able to pay for some of its products, including iPads and AirPods, in monthly, interest-free increments. Users with an Appl...Read More

Dow futures are up over 200 points this morningFutures on the Dow Jones Industrial Average (DJI) are up over 200 points above fair value this morning, bolstered by continued economic reopenings across the U.S. S&P 500 Index (SPX) futures are inching higherwhile Nasdaq-100 Index (NDX) futures struggle for direction, as optimism carries over from Friday's record-breaking highs in the wake of an u...Read More

Looking to add a golden glow to your portfolio? There's more than one way to go.Read full newsRead More

The S&P 500 closed up 2.62% on Friday, the FTSE 100 rose 2.25% and Germany's DAX gained 3.36%.Read More

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The company has been providing opencut mining services at Byerwen, a joint venture between Qcoal Group and JFE Steel, since the mine opened in November 2017.The new contract expands production to 10 million tonnes of hard coking coal per annum from 6Mtpa from now until November 1, 2023.There is also an option to extend the contract for a further two years after this period, which, if exercised, co...Read More

The news was bullish for iron ore, Jefferies analyst Christopher LaFemina said in a note on Sunday, adding 188 Itabira workers had tested positive for the virus despite Vale taking measures to prevent the spread.The company maintained its revised 2020 iron ore fines production guidance of 310-330 million tonnes, as it had already provisioned up to 15Mt of losses associated with COVID-19.However it...Read More

(IDEX Online) - French luxury conglomerate LVMH is now expected to go ahead as planned with its $16.2bn acquisition of US jeweler Tiffany & Co, after days of fevered speculation. Reports in the fashion Bible Women's Wear Daily (WWD) suggested late last week that LVMH Mo?? <Read More

(IDEX Online) - Edward Asscher has been elected to serve a second term as president of the World Diamond Council, leading the fight against "conflict diamonds". He will be succeeded after his two-year term by Feriel Zerouki, who will make history as the WDC's first female president. Mr Asscher, 73, recently stood down as president of the iconic Amsterdam-based Royal Asscher Diamond Co, a fam...Read More

(IDEX Online) - The COVID-19 pandemic could see sales of rough diamonds globally fall by as much as 40 per cent. Lockdown measures have badly hit all stages of the diamond value chain from rough diamond miners, through cutters and polishers to the jewelry end market, according to Moody's, the international rating agency.  "We forecast a 30 to 40 per cent fall in global revenue from rough...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe Montana Department of Environmental Quality (MTDEQ) had issued a positive record of decision for Black Butte in April which it described as "the most protective hard rock mining permit this agencyRead More

Novagold Resources (TSX: NG; NYSE-AM: NG) has hit back against a report from J Capital Research released late May that accused managers of the Vancouver-based explorer of "systematically" misleading investors about its proposed Alaska gold mine over the last 15 years.J Cap, a company founded in China a decade ago that usually targets overvalued media and tech companies for short-selling, said the...Read More

Barrick Gold (TSX: ABX; NYSE: GOLD) has denied claims that it sought to unlawfully export gold from the Porgera mine in Papua New Guinea that it jointly owns with China's Zijin Mining.On June 5, Papua New Guinea's mining regulator accused Barrick Niugini - the operator of the mine - of seeking to illegally export US$13 million in silver and gold to Australia. The country's Mineral Resources Author...Read More

Mistango River Resources (CNSX: MIS) has developed a geological model for its 34-sq.-km Eby-Baldwin project, located 10 km west of Kirkland Lake in the historic "Mile of Gold" of the Kirkland Lake district in Ontario.The model considers Eby-Baldwin in the broader context of the Kirkland Lake district and how the project relates to the adjacent Macassa mine owned by Kirkland Lake Gold (TSX: KL; NYS...Read More

With the diamond trade still largely shut down due to the coronavirus pandemic, Mountain Province Diamonds (TSX: MPVD; US-OTC: MPVD) has found a way to bring in much-needed revenue with a $50-million sale of rough diamonds to a company owned by its largest shareholder.The first $22 million worth of diamonds is expected to be sold on June 11 to Dunebridge Worldwide after a binding agreement between...Read More