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

Say what you will about Bitcoin–whether it is a real currency, a government conspiracy, or a Ponzi scheme–but for one Venezuelan man, it was a very real ticket out of a crumbling socialist country.Guillermo Hernandez is now safely in Santiago Chile after The Startup Societies Foundation crowdfunded his travel out of Venezuela. It had to be funded with Bitcoin, as PayPal does not work...Read More

Say what you will about Bitcoin–whether it is a real currency, a government conspiracy, or a Ponzi scheme–but for one Venezuelan man, it was a very real ticket out of a crumbling socialist country.Guillermo Hernandez is now safely in Santiago Chile after The Startup Societies Foundation crowdfunded his travel out of Venezuela. It had to be funded with Bitcoin, as PayPal does not work...Read More

Investing.com - Gold prices rose on Friday as robust euro zone inflation data sent the euro higher against the U.S. dollar, but the precious metal still ended the week lower.Gold for June delivery settled at $1,269.65 on the Comex division of the New York Mercantile Exchange.The annual rate of inflation in the euro area rose by 1.9% in April, Eurostat said, the highest level in over three years.Th...Read More

Rick sees a very interesting market, which flirted with an upside breakout, that failed. He feels the GDXJ took quite a hit, damaging momentum traders expectations, in the near term that damage will likely increase. The opportunity this summer is in capital that is increasingly supplied by the ETF's, towards the GDXJ components. The non GDXJ components are left lagging and that could be an arbitra...Read More

Anglo American (LON:ALL) is ready to resume production at its El Soldado copper mine in Chile after authorities approved a new permit plan for the operation, which has been halted since February.Chilean regulators had rejected an initial redesign of the mine on concerns of potential for collapse where the project crossed former underground operations, but found the new one to be satisfactory, th...Read More

Russia's Norilsk Nickel is suing the government of Botswana in an attempt to recover about $271 million it lost when a state-backed mining company walked away from a deal to buy its stake in a South African mine last year.Move comes as Botswana's state-run BCL Group pulled out a deal to acquire 50% of Norilsk's Nkomati nickel mine, in South Africa.In 2014, Botswana's state-run BCL Group agreed to...Read More

BHP Billiton (ASX:BHP) (LON:BLT) is holding talks with "several" potential buyers for its Cerro Colorado mine, one of its smaller Chilean copper operations, which the mining giant put on the chopping block in February, the head of the union said.According to leader Marcelo Franco, the company has officially informed workers of its plans to offload the mine, located in the country's copper-rich n...Read More

Investing.com - Gold prices held steady on Friday, as global geopolitical tensions reignited some safe-haven demand, although investors were still eyeing the release of U.S. economic reports later in the day.On the Comex division of the New York Mercantile Exchange, gold futures for June delivery were little changed at $1,266.36.The June contract ended Thursday's session 0.13% higher at $1,265.90...Read More

(Adds company news, futures)April 28 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 1 point at 7,238 on Friday, according to financial bookmakers, with futures FFIc1 up 0.10 percent ahead of the cash market open.* HASTINGS: British insurer Hastings Group Plc HSTG.L reported on Friday a 26 percent rise in first-quarter gross written premiums, boosted by a growth in the number of poli...Read More

April 28 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 1 point at 7,238 on Friday, according to financial bookmakers.* BARCLAYS: British bank Barclays Plc BARC.L faces shareholder revolt over whistleblower inquiry after a corporate governance firm advised shareholders not to back his re-election to the board, The Times reported on Friday. BP: BP Plc BP.L was restoring productio...Read More

Apr 28 (Reuters) - Below are the ratings awarded by India Ratings and Research Private Ltd (India Ratings), formerly known as Fitch Ratings India for local debt instruments as of April 27, 2017. COMPANYINSTRUMENTRATINGAMOUNTMOVEMENT(RS.MLN) ------------------------------------- SHORT TERM RATINGS: ------------------- Jubilant Enpro Pvt LtdNon-FB WC facilityIND A340Affirmed Kaveri Engineering Proje...Read More

Female circumcision, more accurately termed genital mutilation, is a barbaric assault carried out on young girls for religious and cultural reasons. While female genital mutilation is most widely practiced in regions of Africa, and small pockets in the middle east, the process of removing some or all of the clitoris is unfortunately carried out across the world.Although confusion remains about th...Read More

Female circumcision, more accurately termed genital mutilation, is a barbaric assault carried out on young girls for religious and cultural reasons. While female genital mutilation is most widely practiced in regions of Africa, and small pockets in the middle east, the process of removing some or all of the clitoris is unfortunately carried out across the world.Although confusion remains about th...Read More

The Philippines has toughened up its already hard-core stance on mining by banning open-pit mining in the country to allegedly reduce the environmental damage caused by the industry.Natural Resources Secretary Regina Lopez, a well-known environmentalist, said her decision aimed to preserve the "economic potential" of the country, as she believes open pits are "a financial liability for government...Read More

Investing.com - Gold prices were little changed in European trading on Thursday, holding near the prior session's two-week low as investors digested U.S. President Donald Trump's outline for tax reform.Comex gold futures tacked on $1.30, or around 0.1%, to $1,265.40 a troy ounce by 3:05AM ET (07:05GMT), pulling back after rising to an overnight high of $1,271.10. Meanwhile, spot gold was at $1,264...Read More

Industrial metals prices are projected to jump 16% this year due to strong demand, especially from China, and supply constraints, including mine disruptions in Chile, Indonesia and Peru, the World Bank says in its commodities markets outlook published on Wednesday.Researchers at the institution believe zinc has the brightest prospects this year and will follow up 2016's 60% price gain with a 32% j...Read More

Mining giant BHP Billiton (ASX, NYSE:BHP), (LON:BLT) is once mulling the future of its US-based Fayetteville shale gas assets to focus on more lucrative opportunities in oil, but said decision was not related to activist investor Elliott Management's call earlier this month for an overhaul of the firm.The company, which last year logged its largest-ever write-down precisely on its US shale assets...Read More

By Yuka Obayashi, Jane Chung and Fergus JensenTOKYO/SEOUL/JAKARTA, April 26 (Reuters) - Freeport McMoRan Inc FCX.N is preparing three copper concentrate export shipments from its giant Grasberg mine in Indonesia after a 15-week outage, sources with direct knowledge of the matter said.Freeport is ramping up output and copper shipments from Grasberg, the world's second-biggest copper mine, after obt...Read More

Investing.com - Gold prices were lower in European trading on Wednesday, edging down for the third straight session as investor sentiment remained skewed toward riskier assets amid optimism surrounding an expected tax reform announcement from U.S. President Donald Trump's administration later in the day.Comex gold futures shed $2.60, or around 0.2%, to $1,264.65 a troy ounce by 3:00AM ET (07:00GMT...Read More

(Adds company news, futures)April 26 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 2 points on Wednesday, according to financial bookmakers, with futures FFIc1 down 0.05 percent ahead of the cash market open.* LONDON STOCK EXCHANGE GROUP: London Stock Exchange Group LSE.L reported higher quarterly income as its clearing and FTSE Russell businesses grew strongly, and said it is...Read More