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
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
(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
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
The commitment follows a deal struck in January through a tender process that saw the CATL-led CBC consortium picked as Bolivia's partner of choice for developing its vast lithium resource.Read More
I recently revealed that the so-called "BRICS+" countries will announce the creation of a new currency at its annual leaders' summit conference on August 22-24.This will be the biggest upheaval in international finance since 1971. It's taking direct aim at the dollar.Quite simply, the world is unprepared for this geopolitical shock wave.It appears likely that the new BRICS+ currency will be linked...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
Northern Star Resources-backed explorer PolarX has unveiled a 160% increase at the Caribou Dome copper-gold-silver resource in Alaska, with more potential upside and a scoping study update underway, as managing director Dr Jason Berton explains.Read More
The contract has yet to be ratified, but when it will be it will inform future agreements as the country moves to develop its copper and gold sector.Read More
When President Biden took office in January 2021, he made a lot of big promises.One of those promises, which can still be found on his campaign website, was to decriminalize cannabis use at the federal level:Biden will work with Congress to reform federal sentencing and provide incentives to state and local systems to do the same. He will end, once and for all, the federal crack and powder cocaine...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 metalsCEO David Dickson said the company had reviewed all the work on the play-leading direct lithi...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 resourcesLPI Read More
The company's green power arm Fortescue Future Industries said that the new Banbury facility will operate alongside Fortescue's other Oxfordshire facilities including the Kidlington factory which willRead More
Rostyslav Shurma, Deputy Head of the Office of the President of Ukraine is visiting London this week to begin talks aimed at securing financing for the green recovery.Read More
Share this article VANCOUVER - Nevada King Gold Corp. [NKG-TSXV; NKGFF-OTCQX] reported assay results from eight vertical reverse circulation (RC) holes recently completed at its 5,166-hectare (51.6-km2), 100%-owned Atlanta gold mine project, located in the prolific Battle Mountain trend, 264 km northeast of Las Vegas, Nevada.All eight holes were drilled along Section 22-11N, with highlight interva...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 board has spent the past week considering its next move after the bulk of 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 resourcesRostyslav Shurma, Deputy Head of the Office of the President of Ukraine is visiting London th...Read More
In a leak to The Wall Street Journal earlier this month, the Federal Reserve no doubt believed they were adding clarity to the market situation. But in true Fed tradition, all they did was add confusion that will trouble markets for months to come, if not longer.Let's untangle the Fed's latest web of miscommunication...The leak appeared on May 31, under the byline of Nick Timiraos. He's a good rep...Read More
(IDEX Online) - Diamond dealers from Surat are routinely flying to Sierra Leone, buying uncertified rough diamonds from artisanal mines and smuggling them home, according to an investigation by The Blunt Times.Many of the stones are reportedly stolen by workers and sold for dollars at "throwaway" prices.One diamond dealer, who said he was a frequent visitor, told the Surat-based news website: "We...Read More
(IDEX Online) - An Indian national was arrested after a flight to Indonesia after he was found with diamonds worth $100,000 sewn into his underpants.Customs officers at Soekarno-Hatta International Airport, in Jakarta, arrested the 25-year-old man (on 14 June) after spotting "a notable nudge in the bottom half of his wardrobe".They found that pouches stitched into his underpants contained plastic...Read More
(IDEX Online) - Alrosa says it may diversify into mineral resources beyond diamonds in response to "the new geopolitical environment". Pavel Marinychev, new CEO of Russia's state-controlled miner told the Interfax news agency that rough diamond sales were under pressure.So while the company was working to preserve current channels, it was also seeking to establish new ones to secure its...Read More