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
* Formal Brexit process begins* Sterling under pressure* Stocks regain footingBy Jamie McGeeverLONDON, March 29 (Reuters) - European shares rose on Wednesday, following Wall Street's late surge, while sterling was the biggest loser on major currency markets ahead of the formal triggering of Britain's exit process from the European Union later in the day.Prime Minister Theresa May will notify EU Co...Read More
LONDON, March 29 (Reuters) - European shares edged higher on Wednesday as Britain was set to formally trigger divorce proceedings with the European Union it joined in 1973.The pan-European STOXX 600 index .STOXX was 0.2 percent higher by 0820 GMT, with modest gains driven by broker upgrades and results.Markets were muted as investors awaited details on the two parties' negotiating positions ahead...Read More
Investing.com - Gold prices edged lower during European morning hours on Wednesday, pulling further away from its strongest level in a month as investors braced for formal Brexit procedures to be triggered by the U.K. government later in the day.British Prime Minister Theresa May is set to trigger Article 50 of the Lisbon Treaty later on Wednesday, formally beginning the two-year process of exitin...Read More
(Adds company news items, futures)March 29 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 24 points on Wednesday as Britain submits formal notice of its intention to leave the European Union, according to financial bookmakers, with futures FFIc1 up 0.4 percent ahead of the cash market open.* SAGA: British over-50s travel and insurance company Saga Plc SAGAG.L reported a 5.6 percen...Read More
March 29 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 24 points on Wednesday as Britain submits formal notice of its intention to leave the European Union, according to financial bookmakers.* TESCO: Tesco TSCO.L , Britain's biggest retailer, remains committed to its agreed 3.7 billion pound ($4.7 billion) takeover of wholesaler Booker BOK.L despite opposition from some big share...Read More
Space tourism industry has a chance to show benefits of less regulationIf space truly is the final frontier, then it won't be long until the first pioneers are making the journey, as several companies race to take paying passengers out of the Earth's atmosphere and beyond. And true to form, right on its heels will be the regulators, red tape lassos in hand.But like any brand new industry, the slig...Read More
Space tourism industry has a chance to show benefits of less regulationIf space truly is the final frontier, then it won't be long until the first pioneers are making the journey, as several companies race to take paying passengers out of the Earth's atmosphere and beyond. And true to form, right on its heels will be the regulators, red tape lassos in hand.But like any brand new industry, the slig...Read More
Rio Tinto (LON:RIO) may become the sole owner of Pistol Bay Mining's. (TSX-V: PST) uranium assets in the Athabasca Basin of Saskatchewan, Canada, sooner than originally planned, as it has decided to pay the junior miner $750,000 before April 17.Rio will effectively hold a 100% stake in the uranium properties once it pays either $1.5 million by the end of this year; $2 million by Dec. 2018 or $2....Read More
Canada's Barrick (TSX, NYSE:ABX) and Goldcorp (TSX:G) (NYSE:GG), the world's No.1 and No.3 producers of the precious metal by value, are teaming up to develop projects in northern Chile, particularly Cerro Casale, one of the world's largest gold-copper deposits.As part of the agreement, Barrick has sold a 25% stake in Cerro Casale to Goldcorp, which will result in a 50-50 joint venture focused on...Read More
Investing.com - Gold prices edged lower during European morning hours on Tuesday, pulling back from its strongest level in a month as the dollar and global equities recovered from recent losses.Comex gold futures dipped $4.20, or around 0.3%, to $1,251.50 a troy ounce by 3:05AM ET (07:05GMT). Meanwhile, spot gold was down $2.75 at $1,251.80.The yellow metal settled higher for the second session in...Read More
* White House failure on healthcare raises worries over tax reform* Dollar falls to lowest since Nov. 11* Risk-off mood drives stocks, commodities lower* Safe havens such as gold, bonds, yen gain* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVhBy Jemima KellyLONDON, March 27 (Reuters) - The dollar and share prices tumbled on Monday, as investors worried that U.S. President Donald Trump's...Read More
Investing.com - Gold prices rallied to a four-week high during European morning hours on Monday, as growing doubts about U.S. President Donald Trump's pro-growth economic agenda prompted investors to dump risky assets and rush to safe havens.Comex gold futures reached a session peak of $1,259.20 a troy ounce, the highest since February 27. It was last at $1,257.75 by 3:20AM ET (07:20GMT), up $9.20...Read More
(Adds company news items, futures)March 27 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 17 points at 7,294 on Monday, according to financial bookmakers, with futures FFIc1 down 0.7 percent ahead of the cash market open.* AstraZeneca: AstraZeneca AZN.L said on Monday it had won approval for its lung cancer pill Tagrisso in China, a key market for the potential blockbuster medicin...Read More
March 27 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 17 points at 7,294 on Monday, according to financial bookmakers.* SHELL: Royal Dutch Shell Plc RDSa.L and Anadarko Petroleum Corp (NYSE:APC) APC.N may let a 10-year joint venture in the oil-rich Permian Basin of Texas expire and split their properties, hoping to speed up development, according to a senior Shell executive. BT:...Read More
If government had the citizens best interests at heart, we wouldn’t have to worry when they planned an exercise for our safety. In fact, it would be a good thing, if we could trust the government, that they were training so hard to keep us safe in the event of an emergency.But the government does not care about the citizens and is not interested in keeping us safe. You cannot trust the gover...Read More
If government had the citizens best interests at heart, we wouldn’t have to worry when they planned an exercise for our safety. In fact, it would be a good thing, if we could trust the government, that they were training so hard to keep us safe in the event of an emergency.But the government does not care about the citizens and is not interested in keeping us safe. You cannot trust the gover...Read More
Robots are going to take all our jobs, and it doesn’t matter. We should actually be thrilled about the prospects of automation, because it means freeing up economic resources, including arguably the most valuable resource, time.One analysis says as many as 38% of U.S. jobs could be automated by the 2030’s, and another puts the number at 47% by 2033. As always, many worry about what ef...Read More
Robots are going to take all our jobs, and it doesn’t matter. We should actually be thrilled about the prospects of automation, because it means freeing up economic resources, including arguably the most valuable resource, time.One analysis says as many as 38% of U.S. jobs could be automated by the 2030’s, and another puts the number at 47% by 2033. As always, many worry about what ef...Read More
Investing.com - Gold prices retraced gains late Friday but still notched up a second weekly rise as concerns over the Trump administration's ability to push through its pro-growth economic agenda underpinned safe haven demand.Gold for April delivery settled down 0.34% at $1,243.00 on the Comex division of the New York Mercantile Exchange, off session highs of $1,251.85.Gold touched its highest sin...Read More
Ban all the things, and when we all live in padded prison cells, we will be safe from terrorists!That is the plan. Because access to information is really the problem, according to the British government. As soon as people don’t have access to extremist material online, all this madness will surely stop!The Prime Minister's official spokesman said: "The fight against terrorism and hate speec...Read More