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
Audit the Fed’ movement finally gaining steam? … In early January, Senator Rand Paul reintroduced the Federal Reserve Transparency Act, and Representative Thomas Massie introduced companion legislation in the United States House of Representatives, thereby continuing the “Audit the Fed” movement started by then Congressman Ron Paul. -American ThinkerThe Paul-Massie bills...Read More
A new report by SNL Metals and Mining on Corporate Exploration Strategies in 2016 shows an industry still caught in a deep downturn after four years of sharp declines.According to SNL, part of S&P Global Market Intelligence, 2016 exploration budgets at the 1,580 companies covered by the study totalled $6.9 billion, the lowest in 11 years.Source: S&P Global Market IntelligenceOther measures show...Read More
Miner and commodities trader Glencore (LON:GLEN) produced some stellar results on Thursday and the Switzerland-based company also provided a positive outlook for 2017, particularly for its base metals business.Glencore is the world's number four copper producer and top 3 zinc supplier and its clout on base metals markets is only amplified by its trading arm.Last year Glencore's metals and minera...Read More
Miner and commodities trader Glencore (LON:GLEN) became Thursday the latest company to prove the mining industry is coming back up from one of the sector's most severe downturns by posting a 48% increase in 2016 profits.A surge in commodity prices combined with Glencore's multibillion-dollar asset fire-sale not only helped it swing back to profit, but also to declare it is now better financiall...Read More
* Stocks hold near highs as markets digest Fed minutes* Policymakers see rate hike "fairly soon" but uncertainty remains* Dollar drifts down, euro, sterling bob high* Oil jumps on lower U.S. crude stocks* Copper, other metals, drop and weigh on miner shares* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVhBy Marc Jones and Nigel StephensonLONDON, Feb 23 (Reuters) - World stocks held near r...Read More
* Stocks hold near highs as markets digest Fed minutes* Policymakers see rate hike "fairly soon" but uncertainty remains* Dollar edges up but below Wednesday highs* Oil up on lower U.S. crude stocks* Copper, other metals, drop and weigh on miner shares* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVhBy Nigel StephensonLONDON, Feb 23 (Reuters) - World stocks held near record highs on Thurs...Read More
Investing.com - Gold prices edged higher during European morning hours on Thursday, as investors digested the latest Federal Reserve meeting minutes.Comex gold futures rose $3.95, or about 0.3%, to $1,237.25 a troy ounce by 3:15AM ET (08:15GMT), after losing $5.60, or around 0.5%, on Wednesday. Spot gold was steady at $1,236.70 per ounce.Minutes from the Fed's latest meeting showed policymakers th...Read More
Feb 23 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India ( CRISIL (NS:CRSL)) for local debt instruments as of February 22, 2017. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) --------------------------- --------- SHORT TERM RATINGS: ------------------- 20 Microns LtdBGCRISIL A4+20Reaffirmed 20 Microns LtdForeign Exchange CRISIL A4+20.8ReaffirmedForward 20 M...Read More
Top Republicans Propose Carbon Tax Plan To Stop Climate Change … There's a new climate change prevention plan in town, and unbelievably, it's coming from some rather senior Republicans, the de facto party of science denial. Two former Secretaries of State - James Baker III and George Shultz - along with former Treasury Secretary Henry Paulson Jr., met with Vice President Mike Pence, Trump's...Read More
Top Republicans Propose Carbon Tax Plan To Stop Climate Change … There's a new climate change prevention plan in town, and unbelievably, it's coming from some rather senior Republicans, the de facto party of science denial. Two former Secretaries of State - James Baker III and George Shultz - along with former Treasury Secretary Henry Paulson Jr., met with Vice President Mike Pence, Trump's...Read More
World's largest miner BHP Billiton (ASX, NYSE:BHP) (LON:BLT) has already lost 41,000 tonnes of copper production due to an ongoing strike at its Econdida mine in Chile, the world's largest.According to 24 Horas (in Spanish), there seems to be no end in sight for the stoppage, which completed 14 days Wednesday, following a failed government-mediated meeting between workers and the company held on...Read More
Caterpillar (NYSE:CAT), the world's No.1 heavy machinery maker, is telling miners not to rest on their laurels now that the industry is finally coming back up from a brutal downturn that forced companies to cost cuts and close down operations.In a presentation at the Society for Mining, Metallurgy & Exploration's (SME) meeting 2017 this week, the Peoria, Illinois-based firm (soon to move to Chic...Read More
What a difference a year has made for Anglo American (LON:AAL), the world's number five diversified miner, which joined BHP Billiton Tuesday in lifting the mining industry spirits by postings results that clearly signal the long-awaited recovery is already here.Only a year ago the company unveiled details of a radical "portfolio restructuring," which included the sale of its coal, iron ore, man...Read More
* Global stocks hit record high, Wall St seen opening lower* Markets await Fed minutes for rate hike clues* Sterling dips vs dollar after 2016 GDP growth revised down* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVhBy Nigel StephensonLONDON, Feb 22 (Reuters) - Global stocks hit record highs on Wednesday, topping 2016's gains just two months into 2017, while the dollar rose before Federal...Read More
Investing.com - Gold prices edged lower during European morning hours on Wednesday, as market players looked ahead to the minutes of the Federal Reserve's latest policy meeting for further hints on the timing and pace of future rate hikes.U.S. gold futures shed $3.65, or about 0.3%, to $1,235.35 a troy ounce by 3:05AM ET (08:05GMT), after ending Tuesday's session little changed. Spot gold was down...Read More
Feb 22 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 8 points on Wednesday, according to financial bookmakers.* The blue-chip FTSE index .FTSE closed down 0.3 percent at 7,274.83 points on Tuesday, dragged down by banking stocks as a week of full-year earnings releases for major listed banks began with a profit slump for HSBC. ANGLO AMERICAN: Anglo American (LON:AAL) AA.L said on...Read More
(Adds futures, company news items)Feb 22 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 8 points on Wednesday, according to financial bookmakers, with futures FFIc1 up about 0.1 percent ahead of the cash market open.* The blue-chip FTSE index .FTSE closed down 0.3 percent at 7,274.83 points on Tuesday, dragged down by banking stocks as a week of full-year earnings releases for major...Read More
Palisade Research February 22, 2017 Category: Research Wallbridge Mining Co. (TSX:WM, Frankfurt: WC7, OTCMKTS:WLBMF) Current Price: C$0.07Shares Outstanding: 222.4 millionMarket Capitalization: C$15.6 million52-Week Range: C$0.035-C$0.10Cash in treasury: ~C$1.0 million (Jan 31, 2017)Current Assets: $1.5M (Sept 30, 2016)Current Liabilities: ~C$0.95 million (Sept 30, 2016)As we were preparing this...Read More
White House Fingers John McCain As Media Leak; Believes U.S. Senator Eavesdropped on Trump's Classified Phone … This could be the beginning of the end for embattled Sen. John McCain's life in politics. – True PunditJust the other day we wrote an article about John McCain and how he was trying to undermine President Donald Trump.We suggested that if Trump could do something to rein in...Read More
State Deals Blow to Federal Reserve, House Passes Bill To Treat Silver and Gold as Money … As central economic planners at the Federal Reserve continue their vision of "prosperity" through crushing debt and dollar devaluation, some states are fighting back. The Arizona House took a major step toward sound money by passing a bill to eliminate penalties in the form of taxes on gold and silver...Read More