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

The gold market is a bit of a mixed bag at the moment, but there are several positive factors that suggest gold prices could see some upside in the near future.On one side, we've seen a surge in technology stocks and a general risk-on sentiment in the stock markets. This has somewhat diverted attention away from gold, causing it to trade sideways for a while. However, it's important to n...Read More

"If these two big companies complete their smelters, that means we will no longer export raw copper because it will be processed domestically to become copper cathodes," Indonesia's president JokoRead More

(IDEX Online) - India has simplified the paperwork required for e-commerce jewelry exports after a slump in foreign sales.The Central Board of Indirect Taxes and Customs (CBIC) responded to repeated pleas by the Gem & Jewellery Export Promotion Council (GJEPC).India suffered a 36 per cent drop in jewelry exports during April (in US dollars) and a 16 per cent fall in May.New guidelines issued b...Read More

Drilling was temporarily suspended in March 2022 due to the Andean cat's presence in the project area.Read More

ioneer aims to be able to start construction of its Rhyolite Ridge lithium-boron project in Nevada, US early next year as it nears the end of the NEPA permitting process, chair James Calaway toldRead More

(IDEX Online) - India's prime minister Narendra Modi presented US First Lady Jill Biden with a 7.5-carat lab grown diamond on a visit to the White House.The gem is "a beacon of responsible luxury that symbolises India's 75 years of freedom and sustainable international relations," said the Prime Minister's Office.It expanded on the diamond's eco-friendly credentials, saying it...Read More

De Beers provisionally reported diamond sales of US$450 million in the fifth sales cycle of the year, between June 5 and 20.Read More

Hydraulic fracturing has transformed the shape of world energy markets, turning the US into the world's top oil producer. But what is less well known, outside the energy industry, is that it did this largely without making any money.For most of the last 30 years, fracking companies have earned below their cost of capital. Every time the industry has looked to be getting close to profitable, its ow...Read More

Zaldivar is owned jointly with Barrick Gold and Antofagasta, but is operated by Antofagasta.Read More

Mitsubishi will subscribe for 4.6 million units priced at $4.Read More

(IDEX Online) - De Beers today reported a 31.5 per cent year-on-year drop in rough sales during June (cycle 5), amid increasing sightholder caution. Provisional sales were $450m, down only a little on $479m the previous month.But on a year-on-year basis, they suggest a marked slowdown. Sales were 4.5 per cent lower than 2022 at cycle 3 and 20 per cent lower at cycle 4. Today's cycle 5 fi...Read More

The US$498 million investment is targeting an initial reserve of 3Mt grading 2.4% copper, 1.Read More

"In connection with this transaction and our strategy to create lasting value, we are targeting at least $2 billion in near-term cash flow improvements through portfolio optimisation within the firstRead More

(IDEX Online) - Swiss watch exports surged during May, up 14.4 per cent year-on-year to $2.56bn, driven in part by a huge increase in Chinese sales.That follows a more modest increase in April of 6.8 per cent, according to figures published today by the Federation of the Swiss Watch Industry.China, the second biggest market for Swiss watches, saw sales up by over 158 per cent (an increase of over...Read More

She said the challenge is to grow from 851GWh of battery demand in 2022 to 24TWh "to green the grid and then 140TWh to green the entire global fleet".Read More

The PEA base case is distinctly different from that presented in the prior 2017 PEA, which featured a conventional mill and flotation concentrator producing copper concentrate for export.Read More

Wanted: new mining jurisdictions to help achieve net-zeroSPONSOREDsaudi ministry of industry and mineral resourcesVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesNova retains laser focus on qualitySPONSOREDnova royaltySaturn works dual-focus opportunitySPONSOREDsaturn metalsBased on feasibility work in 2021, Vittangi will cost about $484 million to bring into produc...Read More

Wanted: new mining jurisdictions to help achieve net-zeroSPONSOREDsaudi ministry of industry and mineral resourcesVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesNova retains laser focus on qualitySPONSOREDnova royaltySaturn works dual-focus opportunitySPONSOREDsaturn metalsThe commitment follows a deal struck in January through a tender process that saw the CATL-le...Read More

Wanted: new mining jurisdictions to help achieve net-zeroSPONSOREDsaudi ministry of industry and mineral resourcesSaturn works dual-focus opportunitySPONSOREDsaturn metalsNova retains laser focus on qualitySPONSOREDnova royaltyVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesRio had its licence for Jadar withdrawn last year following mass protests over the environmen...Read More

Wanted: new mining jurisdictions to help achieve net-zeroSPONSOREDsaudi ministry of industry and mineral resourcesVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesNova retains laser focus on qualitySPONSOREDnova royaltySaturn works dual-focus opportunitySPONSOREDsaturn metalsFollowing the release of results, chairman Neil Herbert said that he believed the mining leas...Read More