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

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

World's largest miner BHP Billiton (ASX, NYSE:BHP) injected fresh optimism into the mining industry Tuesday after announcing it had swung from loss to profit for the first half of the 2017 financial year, adding it was rewarding shareholders with a bigger than expected payout.A welcome surge in the price of commodities such as iron ore and copper due to renewed appetite in China for imported raw...Read More

* Wal-Mart (NYSE:WMT), Home Depot, Macy's rise after results* Popeyes up after Restaurant Brands agrees to buy company* Indexes up: Dow 0.45 pct, S&P 0.47 pct, Nasdaq 0.26 pct (Updates to early afternoon)By Yashaswini SwamynathanFeb 21 (Reuters) - U.S. stocks hit record intraday highs on Tuesday amid gains across sectors as strong earnings from top retailers underscored the strength of the U.S. ec...Read More

* Wal-Mart (NYSE:WMT), Home Depot, Macy's rise after results* Dollar up on rate hike comments from Fed officials* Popeyes up after Restaurant Brands agrees to buy company* Futures up: Dow 61 pts, S&P 4.5 pts, Nasdaq 9 pts (Adds details, comment, updates prices)By Yashaswini SwamynathanFeb 21 (Reuters) - U.S. stocks looked set to open near record-highs on Tuesday as oil prices rose and investors ch...Read More

* Futures up: Dow 66 pts, S&P 5.5 pts, Nasdaq 13.75 ptsBy Yashaswini SwamynathanFeb 21 (Reuters) - U.S. stock index futures rose to record intraday highs on Tuesday as oil prices surged and investors assessed earnings from top U.S. retailers.* Wal-Mart (NYSE:WMT)'s WMT.N shares were up 1.5 percent at $70.42 in premarket trading after the world's largest brick-and-mortar retailer reported a higher-...Read More

Investing.com - Gold prices edged lower during European morning hours on Tuesday, amid a rise in the dollar as market players awaited further hints on the timing of the next U.S. rate hike.Gold for April delivery on the Comex division of the New York Mercantile Exchange shed $4.95, or about 0.4%, to $1,234.15 a troy ounce by 3:10AM ET (08:10GMT).There was no settlement in Comex gold prices on Mon...Read More

(Adds futures, company news items)Feb 21 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 2 points at 7298 on Tuesday, according to financial bookmakers, with futures down 0.1 percent ahead of the cash market open.* The blue-chip FTSE 100 index closed flat in percentage terms at 7,299.86 points after climbing to an intra-day high of 7,329.56, the highest level since the middle of Ja...Read More

Feb 21 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 2 points at 7298 on Tuesday, according to financial bookmakers.* The blue-chip FTSE 100 index closed flat in percentage terms at 7,299.86 points after climbing to an intra-day high of 7,329.56, the highest level since the middle of January. BHP: Mining giant BHP Billiton BHP.AX BLT.L rewarded shareholders with a bigger-than-exp...Read More

Feb 21 (Reuters) - Bhp Billiton (LON:BLT) Ltd BHP.AX* HY net profit $3.20 billion versus loss of $5.67 billion year ago* World economic growth is likely to remain within range of three to three and a half per cent in 2017 calendar year* HY revenue up 20% to $18.80 billion* Interim dividend of 40 US cents per share* HY underlying attributable profit from continuing operations $3.244 billion versu...Read More

Facebook Plans to Rewire Your Life. Be Afraid … Facebook founder Mark Zuckerberg’s manifesto, penned clearly in response to accusations leveled at the social network in the wake of the bitter U.S. election campaign, is a scary, dystopian document. It shows that Facebook — launched, in Zuckerberg’s own words five years ago, to “extend people's capacity to build and ma...Read More

Revolution in Highway Safety Needs a Little Help … Three weeks ago, I was walking home on a dark, snowy night in Concord, Massachusetts. The next thing I knew, I was in a hospital, hooked up to some kind of machine. I could not lift my legs or even my head. The doctors told me I had been unconscious for hours. They explained that I had been hit, full on, by a car whose driver apparently coul...Read More

Facebook Plans to Rewire Your Life. Be Afraid … Facebook founder Mark Zuckerberg’s manifesto, penned clearly in response to accusations leveled at the social network in the wake of the bitter U.S. election campaign, is a scary, dystopian document. It shows that Facebook — launched, in Zuckerberg’s own words five years ago, to “extend people's capacity to build and ma...Read More

Revolution in Highway Safety Needs a Little Help … Three weeks ago, I was walking home on a dark, snowy night in Concord, Massachusetts. The next thing I knew, I was in a hospital, hooked up to some kind of machine. I could not lift my legs or even my head. The doctors told me I had been unconscious for hours. They explained that I had been hit, full on, by a car whose driver apparently coul...Read More

In New York on Monday copper for delivery in March jumped 1.6% to $2.7515 per pound or $6,066 a tonne after listed copper miner Freeport McMoRan said negotiations with the Indonesian government to restart exports from its Grasberg mine in Papua province has stalled. Copper is trading at levels last seen late May 2015 with year-to-date gains of just under 9%.Phoenix-Arizona-based Freeport said...Read More

* Stocks rise in Europe and Asia, driven by merger activity* Unilever falls as Kraft walks away; Deutsche Telekom up* French bond yield gap over Germany hits widest since late 2012* Dollar falls with U.S. yields lower; U.S. markets shut* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVhBy Nigel StephensonLONDON, Feb 20 (Reuters) - European stocks rose on Monday, with gains in telecoms and...Read More

Investing.com - Gold prices edged lower during European morning hours on Monday, as market players awaited further hints on the timing of the next U.S. rate hike.Gold for April delivery on the Comex division of the New York Mercantile Exchange shed $3.35, or about 0.3%, to $1,235.75 a troy ounce by 3:15AM ET (08:15GMT).Trading activity was likely to stay light as markets in the U.S. remain closed...Read More

(Adds futures, company news items)Feb 20 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 11 points at 7,310 on Monday, according to financial bookmakers, with futures 0.3 percent higher ahead of the cash market open.* The benchmark FTSE 100 .FTSE index finished 0.3 percent higher on Friday and gained 0.6 percent for the week. The index, dominated by companies that trade international...Read More

Feb 20 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 11 points at 7,310 on Monday, according to financial bookmakers.* The benchmark FTSE 100 .FTSE index finished 0.3 percent higher on Friday and gained 0.6 percent for the week. The index, dominated by companies that trade internationally, was also supported by weakness in sterling after a drop in British retail sales for January....Read More

John McCain Becomes Critic in Chief of the Trump Administration … Senator John McCain has long had a reputation as a political maverick. But with the rise of a president who has vowed to shatter the old order, Mr. McCain has emerged as an outspoken defender of longstanding Republican verities on foreign policy and as one of his party's most biting critics of the new commander in chief. ̵...Read More