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

Make It Legal to Sell Home-Cooked Food … As food delivery becomes ever more popular in the U.S., some innovators have been looking to do for meals what Uber and Lyft have done for rides. Good cooks or even professional chefs working at home can produce tasty food for people nearby, income for themselves, and tax revenue for cities and states. Or they could if it were legal to sell home-cooke...Read More

Tony Blair on Friday announced his "mission" to get Brits who voted to remain in the European Union to "rise up in defense of what we believe" while accusing the government of being "obsessed with Brexit" and bemoaning the lack of an effective opposition. In his first major speech since the EU referendum, the former prime minister told an audience in the City of London that people were misinformed...Read More

Make It Legal to Sell Home-Cooked Food … As food delivery becomes ever more popular in the U.S., some innovators have been looking to do for meals what Uber and Lyft have done for rides. Good cooks or even professional chefs working at home can produce tasty food for people nearby, income for themselves, and tax revenue for cities and states. Or they could if it were legal to sell home-cooke...Read More

Source: MAC's Facts & Figures 2016.While optimism is slowly but steadily returning to the global mining industry, Canada doesn't seem to be in a good position to benefit from the increasing number of companies ready to make new and significant investments.At least that is the conclusion from a report released Thursday by the Mining Association of Canada (MAC), which also warns of the possibility o...Read More

Canada's Barrick Gold (TSX, NYSE:ABX), the world's largest miner of the precious metal, has chosen to remain focused on cash flow generation rather than growth.The miner is focusing on projects with the potential to add as much as 1.1 million ounces of gold to its total output beyond 2021.While the Toronto-based company revealed Wednesday it plans to boost annual output this year, it said such in...Read More

* World stocks index at record peak, Europe fades* U.S. dollar bounce loses steam on profit taking* Wall Street pulls back as banks lag (Updates with U.S. market open; changes byline, dateline; previous LONDON)By Chuck MikolajczakNEW YORK, Feb 16 (Reuters) - A gauge of major world equity markets scaled a fresh record on Thursday, boosted by rosy global data, while U.S. bond prices received a lift...Read More

* World stocks index hits record hit, Europe fades* U.S. dollar bounce runs out of steam on profit taking* Technical indicators ask questions about valuations* Data remains strongBy Marc JonesLONDON, Feb 16 (Reuters) - World stocks hit an all time high on Thursday as the latest round of robust global data matched hopes that major economies like the United States will soon be serving up large helpi...Read More

Investing.com - Gold prices rose to a one-week high on Thursday, as the U.S. dollar pulled back from its strongest level in more than a month, supporting demand for the yellow metal.Gold for April delivery on the Comex division of the New York Mercantile Exchange inched up $4.05, or about 0.3%, to $1,237.15 a troy ounce by 3:15AM ET (08:15GMT).It rose to $1,238.00 during Asian hours, the strongest...Read More

(Adds company news items, futures)Feb 16 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 7 points to 7295 on Thursday, according to financial bookmakers, with futures down 0.1 percent ahead of the cash market open.* The blue-chip FTSE 100 index closed 0.5 percent higher at 7302.41 after setting its highest level since mid-January on Wednesday as investors bet on financial stocks fo...Read More

Feb 16 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 7 points to 7295 on Thursday, according to financial bookmakers.* The blue-chip FTSE 100 index closed 0.5 percent higher at 7302.41 after setting its highest level since mid-January on Wednesday as investors bet on financial stocks following U.S. Federal Reserve chief Janet Yellen's hawkish tone suggested U.S. interest rates wo...Read More

Monopolies Are Worse Than We Thought … Economists are increasingly turning their attention to the problem of monopoly. This doesn't mean literal monopoly, like when one utility company provides all the power in a city. It refers to market concentration in general — when an industry goes from having 20 players to having only 10, or when the four biggest companies in an industry start ta...Read More

Scientists Have Announced a Plan to ‘Refreeze’ the Arctic … Desperate times call for desperate measures, and with temperatures near the North Pole hitting an unheard-of 20 ?C (36 ?F) warmer than average last year, things in the Arctic are undeniably grim right now. But rather than sit by and watch as the sea ice disappears from the region at an unprecedented rate, scientists have...Read More

Yellen defends independence of Federal Reserve … Federal Reserve Board Chair Janet L. Yellen defended the central bank's independence Wednesday from Republican lawmakers pushing for major changes in how the Fed operates and how regulators oversee the nation's banking system.The Federal Reserve is not independent and never has been. It is part of the Bank for International Settlements for on...Read More

Monopolies Are Worse Than We Thought … Economists are increasingly turning their attention to the problem of monopoly. This doesn't mean literal monopoly, like when one utility company provides all the power in a city. It refers to market concentration in general — when an industry goes from having 20 players to having only 10, or when the four biggest companies in an industry start ta...Read More

Scientists Have Announced a Plan to ‘Refreeze’ the Arctic … Desperate times call for desperate measures, and with temperatures near the North Pole hitting an unheard-of 20 ?C (36 ?F) warmer than average last year, things in the Arctic are undeniably grim right now. But rather than sit by and watch as the sea ice disappears from the region at an unprecedented rate, scientists have...Read More

Yellen defends independence of Federal Reserve … Federal Reserve Board Chair Janet L. Yellen defended the central bank's independence Wednesday from Republican lawmakers pushing for major changes in how the Fed operates and how regulators oversee the nation's banking system.The Federal Reserve is not independent and never has been. It is part of the Bank for International Settlements for on...Read More

Brazil's Vale (NYSE:VALE) is said to be looking for a buyer for its four fertilizer plants, located in the southeastern city of Cubat??o, which were not included in a $2.5 billion deal inked last year with US-based Mosaic Co, the No.1 producer of phosphate fertilizer.The assets include four plants producing phosphate-based, ammonia and nitrogen byproducts.The reworked plan follows a decision by No...Read More

A new report by SNL Metals and Mining on exploration spending by the largest mining companies, documents the shifting sands in the mining industry last year as the sector began to turn around.SNL, part of S&P Global, notes that larger players allocated a total of nearly $2.2 billion for non-ferrous exploration during the year. Companies with the 20 largest exploration budgets in 2016 accounted for...Read More

Canada's largest diversified miner Teck Resources (TSX: TCK.A, TCK.B) (NYSE:TCK) reported Wednesday a net profit of $697 million for the fourth quarter of 2016, a welcomed turnaround from the year-ago loss, when it recorded one-time charges of C$536 million.The miner benefitted from higher coking coal prices, which climbed 155.5% to $207 in the quarter.The Vancouver-based company, North Ameri...Read More

Shares in Canadian miner Northern Dynasty Minerals (TSX:NDM) fell Tuesday as much as 40% in Toronto after a short-seller's report said its Pebble copper-gold project in Alaska was "worthless."While the Vancouver-based miner said the report from Kerrisdale Capital of New York was full of inaccuracies, the stock barely recovered, closing 22% down at Cdn$3.25and it was still suffering Wednesday morn...Read More