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 natural endowment of British Columbia, the Yukon and Northwest Territories continues to drive mineral exploration and development. Here is a sample of eight companies active in the region.American Creek ResourcesAmerican Creek Resources (TSXV: AMK) is exploring for gold and silver in B.C.'s Golden Triangle area. The company holds interests in three projects within this district: Treaty Creek,...Read More
Canada's Nemaska Lithium (TSX: NMX) has filed for creditor protection after attempts over several months to find new investors and continue operations.The Montreal-based company is trying to avoid becoming the latest victim of an oversupply of the metal needed in the batteries for electric cars and high-tech devices, which has squeezed the market this year.Nemaska said it had received approval fro...Read More
AngloGold Ashanti said it expects its Obuasi gold mine in Ghana to produce about...Read full newsRead More
Ken Hoffman, senior expert of basic materials practice at McKinsey & Company, discusses his 2020 forecast for metals including iron ore, nickel and other electric car battery metals.Read full newsRead More
Brazilian miner Vale has put its 95 percent stake in its New Caledonian nickel plant up for sale following years of huge losses.Read full newsRead More
The European Union launched a complaint at the World Trade Organization (WTO) on...Read full newsRead More
On the island of Sulawesi, demand for nickel to supply electric-vehicle batteries brings worries of more environment blows.Read full newsRead More
With Zimbabwe going through its worst economic crisis in a decade, desperate citizens are turning to illegal gold mining to make a living, officials say, sparking violence and driving people from their landRead full newsRead More
Apple is using recycled rare earth elements in a key component of its newest iPhone 11 models, which hit the market in September.The recycled REEs are employed in a part called the Taptic Engine, which allows the iPhone to mimic a physical button click. The part represents roughly one-quarter of the REEs in an iPhone.The move will enable Apple to secure a steady supply of the needed REEs, rather t...Read More
Baptiste nickel deposit ranks among world's top 10 with blue sky exploration potentialRead full newsRead More
Trevali Mining (TSX: TO) released Q3 financial and operating results from its operations in Canada, South America and Africa. Q3 zinc production came in at 106.8 million pounds payable, a new record for the company and a slight increase over the 105.2 million pounds payable produced in Q2 2019.All-in sustaining costs for the quarter were at US$0.96 per pound zinc, a slight improvement over the US$...Read More
Mining stands to gain a lot from automation, and the industry is waking up to the benefits of new technologies. But what helps one area can hurt another, and mining automation could have drastic geopolitical consequences.Read full newsRead More
A giant open-pit copper and gold dig above Alaska's Bristol Bay could yield sales of more than $20 billion in two decades, but Pebble Mine would place the world's greatest wild salmon run at risk forever.Read full newsRead More
Barrick is poised to restart gold mining in Tanzania after the company agreed to pay $300 million to the African country and share ownership and other benefits at its three local mines.Read full newsRead More
Less than a week after the Jan. 25 tailings dam collapse at Vale's Feijao iron ore mine in Brazil that killed 251 people and left 19 missing, the Church of England Pensions Board, along with Sweden's Public Pension Funds Council, Dutch funds APG and Robeco, New Zealand Super, the U.K.'s LGPS Central and Canada's BMO Global Asset Management - together representing over US$1.3 trillion in assets - j...Read More
It will provide at least 61,200 tonnes of cobalt hydroxide, or about a quarter of its annual production, to the Chinese company.Read full newsRead More
Star Diamond acquired Newmont's interest in the broader Fort à la Corne joint venture in June 2017 and concurrently entered an option to joint venture agreement with Rio over up to 60%, which it dubbed Project FalCon.The company said Rio had used new sampling technology at its Star kimberlite, with the trench cutter sampling rig able to reach up to 250m below surface and it had been designe...Read More
The private USA-based alternative asset management company was the only shareholder that came out against the proposed acquisition when it was first announced in June.Under its revised terms, Pala has increased the cash payment to C$4 per share, up from C$3.57, adding US$23 million (C$30 million) to the deal that created Nickel 28 Capital, which is designed to retain Cobalt 27's existing...Read More
Alacer Gold's (TSX: ASR) Copler Saddle shear zone sits on the western periphery of the company's Copler open-pit mine in eastern Turkey, 1,100 km southeast of Istanbul and 550 km east of Ankara.The open-pit mine produced 170,865 oz. gold last year, and Alacer believes Copler Saddle, which sits outside the mine's mineral resource, could become a source of additional oxide ore that could be converte...Read More
A fresh gold discovery by Barrick Gold Corp in Nevada isRead full newsRead More