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 Philippines has no plans of revoking tough mining regulations imposed in the last year and which led to last week's dismissal of Natural Resources Secretary Regina Lopez, President Rodrigo Duterte said on Wednesday.But the new head of the environment office, Roy Cimatu, says it is possible to balance mining and natural resources protection.Authorities, however, seem willing to ease up on a cra...Read More

BHP Billiton (ASX:BHP) (LON:BLT) confirmed Wednesday it had begun a sale process for its Cerro Colorado mine, one of its smaller Chilean copper operations, though it said it's just evaluating the options and that no decision have been made.Workers at the operation, in the northern Tarapac?? Region, temporarily blocked access roads to the site in protest for the decision, which they say will inev...Read More

* Financials-focused hedge fund made 9.4 pct in year to end-April* Founder del Missier ran fund internally with $100 mln* Firm now employs 12 peopleBy Maiya Keidan and Anjuli DaviesLONDON, May 9 (Reuters) - A hedge fund firm run by the former co-CEO of Barclays (LON:BARC) investment bank Jerry del Missier and focused on the financial services industry has opened to external capital, del Missier...Read More

Investing.com - Gold prices were higher in European trade on Wednesday, bouncing off the prior session's eight-week low after U.S. President Donald Trump abruptly fired FBI Director James Comey in a move that shocked Washington.Rekindled fears that North Korea could be gearing up for another weapons test also supported gold.Comex gold futures rose around $6.00, or about 0.5%, to $1,222.30 a troy o...Read More

(Adds company news, futures)May 10 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 2 points lower on Wednesday, according to financial bookmakers, with futures FFIc1 down 0.18 percent ahead of the cash market open.* ASTRAZENECA: Drugmaker AstraZeneca Plc AZN.L said its asthma drug failed to meet the main goal of significantly reducing the annual asthma exacerbation rate in a late-stage...Read More

May 10 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 2 points lower on Wednesday, according to financial bookmakers.* BHP BILLITON: BHP Billiton BHP.AX , BLT.L said it had started a sales process to potentially divest its Cerro Colorado copper mine in Chile. STANDARD LIFE/ABERDEEN: Standard Life SL.L and Aberdeen Asset Management ADN.L expect to cut 800 jobs, nearly 10 percent of th...Read More

180 years ago today, everyone panicked. On May 10, 1837, New York banks finally realized that the easy money they were lending was unsustainable, and demanded payment in “specie,” or hard money like gold and silver coin. They had previously been accepting paper currency that for every $5 was backed by only $1 in silver or gold.Things culminated to that point after years of borrowing th...Read More

180 years ago today, everyone panicked. On May 10, 1837, New York banks finally realized that the easy money they were lending was unsustainable, and demanded payment in “specie,” or hard money like gold and silver coin. They had previously been accepting paper currency that for every $5 was backed by only $1 in silver or gold.Things culminated to that point after years of borrowing th...Read More

Have you ever had the dream of starting your own society? What about introducing a new currency? Turns out Bitcoin was far from the first private currency.Josiah Warren didn’t like the political system, and he didn’t like the economic system, so he started his own little alternative community, with a unique medium of exchange. Warren actually started multiple “anarchist” mi...Read More

Have you ever had the dream of starting your own society? What about introducing a new currency? Turns out Bitcoin was far from the first private currency.Josiah Warren didn’t like the political system, and he didn’t like the economic system, so he started his own little alternative community, with a unique medium of exchange. Warren actually started multiple “anarchist” mi...Read More

* S&P, Nasdaq, German DAX hit record highs* Wall Street's "fear gauge" at historic lows* Bond yields on the rise, gold falls* Oil buckles as concern grows over battle of OPEC vs shaleBy Dion RabouinNEW YORK, May 9 (Reuters) - Wall Street opened higher on Tuesday, with the S&P 500 and Nasdaq touching all-time intraday peaks, as U.S. equities tracked European stocks and global bond yields.Investor s...Read More

* Wall Street's "fear gauge" at historic lows* Active Fed supporting dollar* Bond yields on the riseBy Jamie McGeeverLONDON, May 9 (Reuters) - European stocks and global bond yields rose on Tuesday, with investor sentiment bolstered by historically low U.S. stock market volatility, last weekend's French presidential election result and solid corporate earnings.Europe's index of leading 300 shares...Read More

* STOXX 600 up 0.5 pct* Miners, oil stocks lend support* Results buoy Davide Campari , Nets* Micro Focus down after buyout target's weak update (Adds quote and details, updates prices)By Kit ReesLONDON, May 9 (Reuters) - A raft of well-received updates and a recovery in resources stocks helped European shares rebound on Tuesday from the previous session's slight losses, edging to 21-month high...Read More

* Wall Street's "fear gauge" at all-time lows* Active Fed supporting yields, dollarBy Jamie McGeeverLONDON, May 9 (Reuters) - European stocks and bond yields rose on Tuesday, boosted by historically low stock market volatility, continuing relief from this weekend's French presidential election and solid corporate earnings.Europe's index of leading 300 shares .FTEU3 was up 0.4 percent at 1,552 poin...Read More

LONDON, May 9 (Reuters) - A raft of well-received updates and a recovery in resources stocks helped European shares rebound early on Tuesday from the previous session's slight losses, although shares in Micro Focus MCRO.L dropped.The pan-European STOXX 600 .STOXX index was up 0.3 percent, holding at 21-month highs, while France's CAC 40 index .FCHI gained 0.4 percent, recouping some of its losse...Read More

Investing.com - Gold prices inched down in European trade on Tuesday, holding near the prior session's seven-week low amid fading demand for safe-haven assets.Comex gold futures slipped around $1.00, or about 0.1%, to $1,226.50 a troy ounce by 2:50AM ET (06:50GMT). Meanwhile, spot gold was little changed at $1,225.90.The yellow metal hit its lowest since March 16 at $1,221.00 on Monday as safe-hav...Read More

* Euro supported as solid data points to possible ECB tapering* Euro near 7-month high vs Swiss franc* Dollar/yen near highest since mid-March* Aussie hits 4-month low on weak data, soft commoditiesBy Hideyuki SanoTOKYO, May 9 (Reuters) - The euro pulled back from recent six-month highs on Tuesday, but remained well-supported as fading worries over political populism and signs of improving economi...Read More

* Euro supported as solid data points to possible ECB tapering* Euro near 7-month high vs Swiss franc* Dollar/yen near highest since mid-March* Aussie listless due to weakness in commoditiesBy Hideyuki SanoTOKYO, May 9 (Reuters) - The euro pulled back from recent six-month highs on Tuesday, but remained well-supported as fading worries over political populism and signs of improving economic condit...Read More

* VIX ends at lowest since December 1993* Euro hits six-month peak against dollar before falling* Copper drops to four-month low as Chinese imports slide (Updates to U.S. market close)By Rodrigo CamposNEW YORK, May 8 (Reuters) - Stocks were little changed on Monday and the euro fell from a six-month high hit after pro-EU centrist Emmanuel Macron's victory in France's presidential election, as trad...Read More

* Euro hits six-month peak against dollar before falling* Copper drops to four-month low as Chinese imports slide (Updates prices, comment)By Rodrigo CamposNEW YORK, May 8 (Reuters) - Stocks were little changed and the euro fell on Monday from highs it touched after pro-EU centrist Emmanuel Macron's emphatic and expected victory in France's presidential election as investors cashed in recent gains...Read More