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

Both gold and June-dated crude fell lowerThe Dow closed in the red, extending its losses from midday, following a second day of heavy losses for oil. Also weighing heavy for the blue-chip index is Boeing (BA) and Merck (MRK). Meanwhile, all eyes are on Washington, D.C., as the Senate managed to reach a deal for a $484 billion coronavirus relief package, aimed toward small businesses, testing, and...Read More

Bank of America Corp. raised its 18-month gold-price target to $3,000 an ounce -- more than 50% above the existing price record -- in a report titled "The Fed can't print gold."Read full newsRead More

There is plenty of room for analyst upgrades in this "buy" cycle Consumer products staple Procter & Gamble Co (NYSE:PG) is fresh off an upbeat post-earnings reaction from Friday. In addition to the shares coming off a $300 billion market cap near the $121 level, earlier in the week PG broke out of a trendline connecting lower highs since late February. In other words, the blue chip has support in...Read More

Beyond Meat will launch products in Starbucks' China locations this weekStarbucks (SBUX) announced yesterday that it would roll out its new plant-based lunch menu in China this week, with stores reopening amid an apparent slowdown of the coronavirus in the region. Many of the menu items will feature products made by Beyond Meat Inc (NASDAQ:BYND), marking a massive step for the company as it looks...Read More

All three benchmarks are off by 2% or moreThe Dow Jones Industrial Average (DJI) is once again stuck deep in the red, down over 700 points at last check asoil prices cripple Wall Street. While May-dated crude futures --set to expire at the close today -- crossed back into positive territory at midday, panic around black gold remains amid plunging demand and soaring storage. Additionally, the S...Read More

LabCorp's at-home test was approved by the FDA fro emergency use Laboratory Corp. of America Holdings (NYSE:LH) is higher this morning after the Food and Drug Administration (FDA) granted emergency use authorization to its COVID-19 at-home test kit. Healthcare workers are taking priority, while the company intends on making the kits available to the greater public in "coming weeks." In response,...Read More

Travelers Companies reported profits of $2.62 per shareShares of Travelers Companies Inc (NYSE:TRV) are up 2.6% to trade at $104.46 this morning, despite the company reporting a first-quarter earnings miss. The company reported profits of $2.62 per share and revenue of $7.35 billion, lower than Wall Street's anticipated $2.85 per share and $7.42 billion. CEO Alan Schnitzer says the industry will b...Read More

The company predicts the coronavirus lockdown will bruise its second-quarter sales While Coca-Cola Co (NYSE:KO) entered the earnings confessional this morning with first-quarter profits and revenue that exceeded analysts estimates, the shares of the soda giant are slipping in early market trading. KO is down 4.6% at $44.38 after the company also predicted its current-quarter sales would take a hit...Read More

There's earnings and political gridlock to unpack today as wellAfter a dismal start to the week, Dow Jones Industrial Average (DJI) futures are pointed sharply lower again this morning. The historic collapse of oil prices has rattled investors everywhere, with expiring May-dated crude futures sitting in negative territory last seen at -$4.00 per barrel. Futures on the Nasdaq-100 Index (NDX) and...Read More

Resolute Mining Ltd:Read full newsRead More

The price on the futures contract for West Texas crude that is due to expire today fell to minus US$37.63 a barrel, Bloomberg reported, as storage space runs out with demand for fuel slashed by global COVID-19 travel restrictions.Airline Virgin Australia entered voluntary administration this morning, with founder Richard Branson saying it was not the end "but I believe a new beginning".US markets...Read More

Production from the company's Letšeng mine in Lesotho was 26,110 carats in the March quarter, down 12% quarter on quarter.Read More

The company said Kissam would stay on through June in an advisory capacity to ensure an orderly transition.He would also remain on the board and stand for re-election at the annual meeting on May 5.Masters joined Albemarle's board in 2015, having been a non-employee director of Rockwood Holdings from 2007-2015, when it was acquired by Albemarle."I look forward to continuing to work with the board...Read More

Share this articleTeck Resources Ltd. is reporting a first-quarter loss attributable to shareholders of $312 million as it takes a $474-million writedown on its share in the Fort Hills oilsands mine.The Vancouver-based miner's loss in the three months ended March 31 compares with a profit of $630 million in the same period of 2018.The company reported an adjusted profit of $94 million, or 17 cent...Read More

(IDEX Online) -  Yoram Dvash has been elected acting president of the World Federation of Diamond Bourses following the temporary departure of Ernie Blom.Mr Blom headed the Antwerp-based group of 30 worldwide bourses from 2012, but has stepped down citing "personal reasons". His South Africa-based Ernest Blom Diamonds is currently involved in a legal dispute with the Dubai Diamond Exchan...Read More

(IDEX) - Firestone has halted operations at its Liqhobong mine, in Lesotho, for at least a year. It blames the "dramatic and severe" impact of the coronavirus crisis on the global diamond market. Work was suspended at the end of March in response to a lockdown imposed by South Africa, which surrounds the landlocked kingdom.   The company now says it is now extending the care and maintena...Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesKukielski, soon to celebrate his first anniversary at the company, is more excited than ever about the opportunities before the company.Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesHow mining companies can reduce equipment purchasing cost and improve qualitySPONSOREDtechnical auditIron ore was the only division to have its guidance maintained after a record nine-m...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe latest assays included 1,009m at 0.57% copper, 0.39g/t gold and 11.1g/t silver, or 0.95% copper-equivalent, and 1,034m at 0.68% Cu-eq.Read More

Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click hereThe index, which uses satellite data to monitor up to 90% of global copper smelting capacity, put the March average at 86.7, down from February's 91.5.Marex Spectron glob...Read More