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
GoviEx edges closer to productionSPONSOREDgoviex uraniumMining Journal Select London 2023 SPONSOREDTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelAddressing the company's Australian annual general meeting for the first time since he became chairman last year, Barton said he was pleased with Rio's progress on bui...Read More
Albemarle reported net sales of US$2.6 billion, an increase of 129%, while net income rose by 389% year-on-year.Read More
Look beyond market approach to project valuations: van ZylLeadershipGoviEx edges closer to productionSPONSOREDgoviex uraniumMining Journal Select London 2023 SPONSOREDTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesThe funding will enable the ordering of long lead items for both the lithium and geothermal energy plants. Canaccord and Merrill Lynch are involved in the fundraising.Read More
"Current situation:Interest rates at their highest level since 2006Credit card debt set to cross $1 trillion for the first timeMultiple regional banks on brink of collapseRegulators believe in "system is strong"One month away from U.S. defaultHow can this end well?"Here you have the reflections of economics crackerjack Adam Kobeissi - he of the eponymous Kobeissi Letter.Indeed: How can this end we...Read More
25 basis points...The Federal Reserve elevated its target rate 25 basis points this afternoon.That rate squats presently between 5% and 5.25% - the highest level since September 2007.Here is the question spilling from every pair of lips: Was today's the final rate hike?Will Mr. Powell scratch Wall Street's belly... and caress its gills... by "pausing"?Markets presently give 90.4% odds that the Fed...Read More
Higher metals prices offset a 6% quarter-on-quarter drop in gold sales, resulting in quarterly consolidated revenue of US$243.9 million, marginally beating $238.Read More
GoviEx edges closer to productionSPONSOREDgoviex uraniumMining Journal Select London 2023 SPONSOREDTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelThe London-listed exploration and development company said it has visited with 28 tin and tantalum artisanal miners who seem keen to sign on the dotted line with them.Read More
The results continue Barrick's production slide, which saw gold output fall 3.8% year-on-year to 952,000oz, while copper output fell 12.9% to 88Mlb, with lower output contributing to a 17.Read More
The board has approved the construction of two additional processing trains at Kemerton to double hydroxide output to up to 100,000 tonnes per annum.Read More
The banks are in it deep.Three of the four biggest U.S. bank failures in history have occurred over the past 55 days. And depositors across the nation are (rightfully) getting concerned.With $230 billion in assets, First Republic Bank was the latest victim of its own high-risk lending practices. The FDIC took control of the bank on Monday, selling its assets off to JPMorgan Chase. The First Repub...Read More
(IDEX Online) - Signet, the US's biggest jewelry chain with 2,800 outlets, says an "engagement gap" is to blame for falling ring sales.The Covid pandemic was a passion killer. Relationships that may otherwise have led to 2023 weddings faltered, or never happened in the first place, as lockdowns forced people to stay at home.The average time from the first date to marriage is just over three y...Read More
"The receipt of these expressions of interest are a clear de-risking step demonstrating lender confidence in the economics of the Rook I project, the uranium market fundamentals incorporating theRead More
GoviEx edges closer to productionSPONSOREDgoviex uraniumMining Journal Select London 2023 SPONSOREDTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelAs iron ore has been sinking, ship hiring costs, measured by the Baltic Dry Index (BDI), have been rising, up an eye-catching 200% over the past 10 weeks.Read More
GoviEx edges closer to productionSPONSOREDgoviex uraniumMining Journal Select London 2023 SPONSOREDTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelNew World, which had A$5.Read More
GoviEx edges closer to productionSPONSOREDgoviex uraniumMining Journal Select London 2023 SPONSOREDTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelWith the passing of a mining bill, president Andres Manuel Lopex Obrador (AMLO) successfully reduced the term of mining concessions from 100 years to 80, made water pe...Read More
(IDEX Online) - US jeweler Zales has launched a "fine jewelry rental" scheme for lab grown diamonds.Customers pay 10 per cent of the retail price to borrow items for weddings or special occasions.The Zales x Rocksbox program is being piloted in-store at 28 branches of Zales, and could be rolled out to other banners in the Signet family. It is a collaboration with Rocksbox, the jewelry rental...Read More
Share this article VANCOUVER - Northern Dynasty Minerals Ltd. [NDM-TSX; NAK-NYSE American] reported that the April 25, 2023, action by the U.S. Army Corps of Engineers (USACE) Pacific Ocean Division to remand the permit decision back to the USACE (Alaska District) is a strong win for the company's Pebble project, southwest Alaska."We have been saying that the record of decision (ROD) process was...Read More
GoviEx edges closer to productionSPONSOREDgoviex uraniumMining Journal Select London 2023 SPONSOREDTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelThey are locked in a struggle to loosen the grip of De Beers on Botswana's mining industry that has held sway for half a century.Read More
If you search online for real-world robots that are actually working today, you'll most likely see things like this:Or, more recently, maybe even something like this: But is this really the best we can do? Robots aren't meant to just stack boxes and flip burgers for eternity. They're meant for much more noble roles. In fact, they're already becoming the greatest accessibilit...Read More
The key index for measuring macroeconomic trends "plummeted" from 51.9 in March to 49.2 in April, which was "well below" forecasts of 51.4, Commonwealth Bank of Australia analyst Vivek Dhar said.Read More