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
* Yellen warns of waiting too long to raise rates* Record-setting Wall Street sets tone* Dollar on its best run since May 2012By Jamie McGeeverLONDON, Feb 15 (Reuters) - World stocks hit 21-month peaks on Wednesday and the dollar rose for the 11th straight day, after Federal Reserve Chair Janet Yellen flagged a possible interest rate rise next month during upbeat comments on the U.S. economy.The d...Read More
Investing.com - Gold prices were little changed in European morning trade on Wednesday, as investors looked ahead to a batch of U.S. economic data and more comments from Federal Reserve Chair Janet Yellen for further clues on the pace of the central bank's interest rate increases.Gold for April delivery on the Comex division of the New York Mercantile Exchange inched up $1.65, or about 0.2%, to $1...Read More
(Adds companies items)Feb 15 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 26 points at 7294 on Wednesday, according to financial bookmakers, with futures FFIc1 up 0.35 percent ahead of the cash market open.* The blue chip FTSE 100 .FTSE index ended slightly lower on Tuesday at 7,268.56, pausing after a five-day winning streak as Rolls-Royce RR.L tumbled after reporting a record lo...Read More
Feb 15 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 26 points at 7294 on Wednesday, according to financial bookmakers.* The blue chip FTSE 100 .FTSE index ended slightly lower on Tuesday at 7,268.56, pausing after a five-day winning streak as Rolls-Royce RR.L tumbled after reporting a record loss. IAG: British Airways ICAG.L cabin crew members working for the carrier's mixed fleet...Read More
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.FUNDAMENTALS* Malaysian palm oil futures came off near three-month lows to trade higher on Tuesday evening on concerns about a decline in February production, traders say. POI/* U.S. soybean futures fell to a six-day low on Tuesday, pressured by the rapidly advancing harvest of a record crop in...Read More
THE CHAIR OF THE FEDERAL RESERVE JUST FACT-SHAMED DONALD TRUMP … Janet Yellen reveals the president has no idea what he's talking about when it comes to Dodd-Frank. Yellen doesn't have time for this amateur-hour presidency. – Vanity FairAccording to Vanity Fair the "incredible" businessman Donald Trump doesn’t understand much about how the dollar or the larger economy.He had ques...Read More
Global Effort Launched to "Repeal and Replace" United Nations … A global effort dubbed "Covenant of Democratic Nations" is working to abolish the United Nations, widely ridiculed as the "dictators club," and replace it with an international forum open exclusively to free and democratic nations. -New AmericanThe Covenant of Democratic Nations is a replacement for a United Nations that is dy...Read More
THE CHAIR OF THE FEDERAL RESERVE JUST FACT-SHAMED DONALD TRUMP … Janet Yellen reveals the president has no idea what he's talking about when it comes to Dodd-Frank. Yellen doesn't have time for this amateur-hour presidency. – Vanity FairAccording to Vanity Fair the "incredible" businessman Donald Trump doesn’t understand much about how the dollar or the larger economy.He had ques...Read More
Global Effort Launched to "Repeal and Replace" United Nations … A global effort dubbed "Covenant of Democratic Nations" is working to abolish the United Nations, widely ridiculed as the "dictators club," and replace it with an international forum open exclusively to free and democratic nations. -New AmericanThe Covenant of Democratic Nations is a replacement for a United Nations that is dy...Read More
About 2,500 striking workers at BHP Billiton's Escondida mine in Chile, the world's biggest copper operation, have agreed to let the government mediate in the conflict between them and the company.There are not guarantees the dialogue will resume, however, as a BHP spokeswoman said Tuesday the while the company had received the government's invitation to attend a three-part meeting, it was still...Read More
Shares in Freeport McMoRan Inc (NYSE:FCX), the world's largest listed copper miner, were down 1% in pre-market trading Tuesday on the company's decision to halt operations at its Grasberg mine in Indonesia.The firm's local unit, which has not been able to ship copper from the mine in over a month due to a ban on concentrate exports that kicked in on January 12, also said Tuesday it has begun send...Read More
* European stock market mostly flat, US futures dip* Some caution before Fed's Yellen testimony on policy* China inflation picks up* Dollar pressured after Trump's national security aide quits* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVh (Updates prices, adds UK data)By Dhara RanasingheLONDON, Feb 14 (Reuters) - Stocks flatlined and the dollar dipped on Tuesday as caution set in befor...Read More
* European stock markets open flat* Some caution ahead of Fed's Yellen testimony on policy* China inflation picks up* Dollar pressured after Trump's national security aide quits* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVhBy Dhara RanasingheLONDON, Feb 14 (Reuters) - Stocks flatlined and the dollar dipped on Tuesday as caution set in before testimony from Federal Reserve chief Janet Y...Read More
Feb 14 (Reuters) - Vedanta Ltd VDAN.NS* Dec quarter consol net profit 18.66 billion rupees* Consensus forecast for Dec quarter consol net profit was 19.38 billion rupees* Dec quarter consol total income from operations 203.93 billion rupees* Consol net profit in dec quarter last year was 4.12 billion rupees as per ind-as; consol total income from operations was 157.31 billion rupees* Says in Dec q...Read More
Investing.com - Gold prices were slightly higher in European morning trade on Tuesday, as investors awaited congressional testimony by Federal Reserve Chair Janet Yellen for clues to the pace of the central bank's interest rate increases.Gold for April delivery on the Comex division of the New York Mercantile Exchange inched up $2.55, or about 0.2%, to $1,228.35 a troy ounce by 3:15AM ET (08:15GMT...Read More
(Adds futures, companies items)Feb 14 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 3.9 points on Tuesday according to financial spreadbetters, with futures FFIc1 down 0.2 percent ahead of the cash market open.* The blue-chip FTSE 100 index .FTSE ended 0.3 percent higher on Monday, at 7,278.92 points after hitting an intra-day high of 7,298.47, the highest level since mid-January...Read More
Feb 14 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 3.9 points on Tuesday according to financial spreadbetters.* The blue-chip FTSE 100 index .FTSE ended 0.3 percent higher on Monday, at 7,278.92 points after hitting an intra-day high of 7,298.47, the highest level since mid-January, as a sharp rally in basic resources stocks on the back of stronger metals prices supported the b...Read More
By Emily ChowKUALA LUMPUR, Feb 14 (Reuters) - Already under fire for widespread environmental damage, Malaysia's once lucrative bauxite mining industry is facing a likely death knell from neighbouring Indonesia's move to allow a resumption of exports.This time last year, Malaysia was the world's biggest supplier of the aluminium-making raw material to top buyer China, but its exports tumbled after...Read More
(Adds TUI, Glencore , Grupo Seb do Brasil, Allergan, Delta Air, Stada, Onexim, Heineken ; Updates PPC, Dalian Wanda, Lundin)Feb 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:** Travel group TUI TUIT.L said it had agreed to sell its specialist holiday arm Travelopia to KKR KKR.N at an enterprise value of 325 million pounds ($407 million...Read More
* Financials lead Wall Street higher* European stocks touch highest level since Dec. 2015* U.S. Treasury yields fall ahead of Yellen testimony (Updates with European market close)By Chuck MikolajczakNEW YORK, Feb 13 (Reuters) - Do yA gauge of global equity markets advanced on Monday and bond yields rose, buoyed by a reemergence of assets likely to benefit from reflationary policies that are expect...Read More