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
In February copper hit a 21-month high on the back of optimism that Donald Trump's $500 billion-plus infrastructure plan would add fuel to the fire of Chinese economic stimulus already working its way through commodity markets.Any US stimulus now appears further in the distance and over the weekend it also became apparent that Chinese support for the sector is waning as imports of the metal, wide...Read More
Argentine authorities, industry players and unions are expected to sign this week a long awaited federal mining agreement that unifies existing legislation across the country, as part of an ongoing effort to jump-start investment in the sector.The nation, once a favourite of mining investors, has fallen behind its neighbours Chile and Peru despite containing rich deposits of copper, gold, silver a...Read More
Barrick Gold (TSX, NYSE:ABX) could have prevented the third spill of cyanide solution in 18 months at its Veladero mine in Argentina had it replaced pipes as ordered by local authorities earlier, a judge said.According to El Economista (in Spanish), the Canadian gold miner missed deadlines on three orders from San Juan province authorities, where Veladero is located, including replacing the pip...Read More
* European shares dip with Macron win priced in* Asia shares rise, world stocks hit record, Wall St seen lower* Focus seen shifting to economic fundamentals and ECB tapering* Euro hits six month peak vs dollar before retreating* Copper drops to four-month low as China imports slide* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVhBy Nigel StephensonLONDON, May 8 (Reuters) - European stocks...Read More
Investing.com - Gold prices edged up a bit in European trade on Monday, but held near a seven-week low after pro-European Union centrist Emmanuel Macron beat anti-EU, anti-immigration far-rightist Marine Le Pen to clinch the French presidency.Comex gold futures tacked on around $4.00, or about 0.3%, to $1,230.70 a troy ounce by 3:10AM ET (07:10GMT). It fell to an overnight low of $1,221.0, a level...Read More
(Adds company news, futures)May 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 30 points at 7,327 on Monday, according to financial bookmakers, with futures FFIc1 up 0.2 percent ahead of the cash market open.* LLOYDS: British bank Lloyds LLOY.L plans to hand the reins to its finance director if the bank's chief executive quits for another job, The Times reported on Monday. CENTRIC...Read More
May 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 30 points at 7,327 on Monday, according to financial bookmakers.* LLOYDS: British bank Lloyds LLOY.L plans to hand the reins to its finance director if the bank's chief executive quits for another job, The Times reported on Monday. OIL: Oil prices closed 1.5 percent higher on Friday, rebounding from five-month lows, following posi...Read More
A deal between workers and the companies that own the Collahuasi copper mine in northern Chile could mean labour peace at the often-picketed mine for the next three years.Under a labour agreement reached Friday, workers in the 1,485-member union will receive no pay increase but each worker will get a one-time bonus of 11 million pesos (US$16,400), along with an interest free loan, Reuters report...Read More
Investing.com - Gold prices retraced gains on Friday after data showing a strong rebound in U.S. jobs growth last month underlined expectations for a June rate hike by the Federal Reserve.Gold for June delivery settled at $1,229.01 on the Comex division of the New York Mercantile Exchange, off an earlier high of $1,236.00.The precious metal ended the week down 3.26%, the largest week decline since...Read More
The most effective way to change the world if you have kids is to treat them right. Everything could change in one generation if there were a radical shift in parenting.Unfortunately, some indicators suggest things are getting worse. For instance, there has been an increase in kids hospitalized for attempted suicide or suicidal indicators.Now we can just hope that parents are becoming more alert t...Read More
The most effective way to change the world if you have kids is to treat them right. Everything could change in one generation if there were a radical shift in parenting.Unfortunately, some indicators suggest things are getting worse. For instance, there has been an increase in kids hospitalized for attempted suicide or suicidal indicators.Now we can just hope that parents are becoming more alert t...Read More
(Updates prices, changes comment)* Oil drops to lowest since Nov before rebounding on OPEC cut talk* Safe-haven bonds, yen and gold stable after safe-haven pull* Euro highest since Nov ahead of French election* U.S. non-farm payrolls beat expectations, 211,000 jobs addedBy Rodrigo CamposNEW YORK, May 5 (Reuters) - Crude oil bounced back from its lowest level since November on Friday on the likelih...Read More
Australia's Tribeca Investment Partners became Friday the second shareholder in world's largest miner BHP Billiton (ASX: BHP) (LON:BLT) to publicly press for strategic changes at the company.Tribeca, a Sydney-based boutique hedge fund, has sent the miner an eight-page letter titled "Making BHP Great Again," in which it says the company could raise nearly $10 billion from the sale of its US shal...Read More
(Recasts throughout, changes dateline from previous LONDON)* Oil drops to lowest since Nov before rebounding on OPEC cut talk* Safe-haven bonds, yen and gold stable after safe-haven pull* Euro hovers at highest since Nov ahead of French election* U.S. non-farm payrolls beats expectations, 211,000 jobs addedBy Rodrigo CamposNEW YORK, May 5 (Reuters) - Crude oil bounced back from its lowest level si...Read More
* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVh* Oil drops to near 6-month low before rebounding on OPEC cut talk* Iron ore futures fall sharply in China* Safe-haven bonds, yen and gold all make ground* Euro hovers at highest since Nov ahead of French elections* Bond yields drift lower, focus on U.S. jobs dataBy Marc JonesLONDON, May 5 (Reuters) - A slump in oil prices to the lowest in...Read More
Investing.com - Gold prices moved higher on Friday, as the U.S. dollar weakened broadly, although the Federal Reserve's hawkish stance this week was expected to limit the precious metal's gains.On the Comex division of the New York Mercantile Exchange, gold futures for June delivery were up 0.42% at $1,233.72.The June contract ended Thursday's session 1.59% lower at $1,228.60 an ounce.Futures were...Read More
(Adds company news, futures)May 5 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 14-16 points on Friday, according to financial bookmakers, with futures FFIc1 down 0.2 percent ahead of the cash market open.* IAG: British Airways owner IAG ICAG.L reported operating profit and revenue ahead of expectations on Friday, posting a record first-quarter performance in what is usually the...Read More
May 5 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 14-16 points on Friday, according to financial bookmakers.* BHP: A second BHP Billiton (LON:BLT) Ltd BHP.AX BHP.L shareholder has made a public push for strategic changes at the world's largest miner, with the Sydney-based Tribeca Global Natural Resources Fund calling for the company to divest U.S. shale assets and to review its...Read More
(Updates prices, adds comments)* European shares near 21-month high after upbeat data, earnings* Copper hits lowest since early January* U.S. stocks muted after House passes Obamacare repealBy Rodrigo CamposNEW YORK, May 4 (Reuters) - Crude oil prices tumbled on Thursday, erasing the gains made since a production cut deal last November, while the euro strengthened against the U.S. dollar as a pro-...Read More
Whether directly or indirectly, the CIA and U.S. government were certainly involved in creating ISIS.Indirectly, weapons were supplied to rebel forces in Syria, who turned out to be ISIS, among other rebel groups.But it is more than likely that the CIA created ISIS directly, just as it funded Al-Qaeda in the 1980’s to fight the Soviets. Then there are the green screen beheadings staged on w...Read More