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

SHANGHAI, Jan 3 (SMM)? 1/4 ? Nonferrous metals mostly moved lower today although lead was up 1.6%.The ferrous complex saw mixed trading with coking coal leading the gain with 2% rise and coke edging up. Rebar, hot-rolled coil and iron ore all dropped close to 1%.Copper: LME Copper dropped today and is expected to test support at the 10-day moving average. The US ISM manufacturing index in December...Read More

SHANGHAI, Jan 3 (SMM)? 1/4 ? Nonferrous metals mostly moved lower today although lead was up 1.6%.The ferrous complex saw mixed trading with coking coal leading the gain with 2% rise and coke edging up. Rebar, hot-rolled coil and iron ore all dropped close to 1%.Copper: LME Copper dropped today and is expected to test support at the 10-day moving average. The US ISM manufacturing index in December...Read More

SHANGHAI, Jan 3 (SMM)? 1/4 ?Copper: LME copper prices continued to see corrections as longs took profits. We expect LME copper to trade at $7,170-7,280/mt today and SHFE copper at 54,800-55,400 yuan/mt. Spot copper discounts are to narrow to 150-90 yuan/mt following lower futures prices.Aluminium: Weaker momentum is seen for LME aluminium to trade higher and it is expected to hover in the range of...Read More

SHANGHAI, Jan 3 (SMM) – The workshop that caught fire at Jinchuan Group’s nickel smelter on New Year’s Eve has an annual production capacity of 30,000 mt and it produces both refined nickel and electrowinning nickel, SMM understood.Total nickel production for Jinchuan’s smelter is targeted at 135,000 mt for 2018.The workshop, No.3, produces sulphide ore products and interme...Read More

SHANGHAI, Jan 3 (SMM)? 1/4 ?Copper: LME copper prices continued to see corrections as longs took profits. We expect LME copper to trade at $7,170-7,280/mt today and SHFE copper at 54,800-55,400 yuan/mt. Spot copper discounts are to narrow to 150-90 yuan/mt following lower futures prices.Aluminium: Weaker momentum is seen for LME aluminium to trade higher and it is expected to hover in the range of...Read More

SHANGHAI, Jan 3 (SMM)? 1/4 ?Copper: LME copper prices continued to see corrections as longs took profits. We expect LME copper to trade at $7,170-7,280/mt today and SHFE copper at 54,800-55,400 yuan/mt. Spot copper discounts are to narrow to 150-90 yuan/mt following lower futures prices.Aluminium: Weaker momentum is seen for LME aluminium to trade higher and it is expected to hover in the range of...Read More

While for much of past twenty years there has been a slow withering of the mining industry in the U.S., with the notable exceptions of a few bright spots such as gold mining in Nevada, things are starting to look much more optimistic thanks to a combination of rising commodity prices, an easing of regulatory burdens and a new pro-business atmosphere punctuated by the deep corporate cuts in the U.S...Read More

The Manitoba Saskatchewan Prospectors and Developers Association (MSPDA) takes the strong view that while it agrees with Stephen Fletcher's view that a creating a new national park on Manitoba's Nickel Belt is an irresponsible action by the federal government (T.N.M., Nov. 16-Dec. 10/17), he should not have so quickly suggested a park in the Seal River area as an alternative.Mr. Fletcher, Member o...Read More

Indonesia's government has extended until June 30, 2018, the temporary special mining permit it issued to PT Freeport Indonesia, a subsidiary of US-based Freeport McMoRan (NYSE:FCX).The permit was issued to allow the miner to continue exporting copper concentrate while company representatives and government officials go on with the discussions around Freeport's future operations in the country, wh...Read More

At the conclusion of 2016, I issued the following top picks for 2017.Heading into 2017, I was quite bullish on: Birimian Limited (BGS.AX/EEYMF), Critical Elements (CRE.V/CRECF), and Ivanhoe Mines (IVN.TO/IVPAF).How did we end up doing?From the 2017 CEO Stock Picking Contest (shout out to @Evenprime for all his hard work!).BGS.AX up 127%CRE.V up 233%IVN.TO up 67%On the whole, the top 3 picks for 2...Read More

The third trial of Cliven Bundy has ended in a mistrial. The prosecution failed to turn over documents that would have helped the defense.Two earlier trials ended in hung juries. On January 8th, a judge will decide if the case will be dismissed “with prejudice,” meaning that it cannot be once again brought to trial.This all started two years ago when Cliven Bundy asserted his rights...Read More

The third trial of Cliven Bundy has ended in a mistrial. The prosecution failed to turn over documents that would have helped the defense.Two earlier trials ended in hung juries. On January 8th, a judge will decide if the case will be dismissed “with prejudice,” meaning that it cannot be once again brought to trial.This all started two years ago when Cliven Bundy asserted his rights...Read More

Why should we expect gold stocks to breakout this year? Jordan Roy Byrne from The Daily Gold provides five reasons.Read full newsRead More

Canadian gold miner Golden Star Resources said on Tuesday two employees died on Dec. 29 after inhaling poisonous gasses at the company's Prestea underground gold mine in Ghana.Read full newsRead More

The Welsh mine that produced the gold for three generations of royal wedding rings is to reopen after nearly 20 years.Read full newsRead More

There's gold in them there hills?EUR?-?EUR?or is there? In the Superstition Mountains outside of Phoenix, people have died trying to find out.Read full newsRead More

Mergers and acquisitions in the mining industry ticked higher in 2017 compared with the year before. But deal-making activity is still a long way below the boom yearsRead full newsRead More

ELKO - Mining headlines in 2017 united the hardrock mining community of Northern Nevada, as readers rallied around news of tragedies, growth, regulatory changes and giving. Here is a lookRead full newsRead More

The Trump administration on Tuesday threw the weight of the U.S. government behind the protesters taking to the streets of Iran, rooting them on despite the risk of helping Iranian authorities dismiss a week of major demonstrations as the product of American instigation. As Iran's supreme...Read full newsRead More

Indonesia's government has extended until June 30, 2018, the temporary special mining permit it issued to PT Freeport Indonesia, a subsidiary of US-based Freeport McMoRan (NYSE:FCX).The permit was issued to allow the miner to continue exporting copper concentrate while company representatives and government officials go on with the discussions around Freeport's future operations in the country, wh...Read More