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

Why Europe Is Warning of Pax Americana’s End ... Last year, the global security establishment was mildly worried about a growing U.S. disengagement overseas. This year, the worry has given way to a realization that the “liberal world order” — another name for Pax Americana — may be finished, and that new security arrangements are needed. That’s the conclusion th...Read More

 The original Federal Reserve Act dictated that, in selecting members of the Board of Governors, "The President shall have due regard to fair representation of the financial, agricultural, industrial and commercial interests, and geographic divisions of the country." How is it, then, over 100 years hence, that the Fed has been overrun by academic economists? This critical question must be bol...Read More

Why Europe Is Warning of Pax Americana’s End ... Last year, the global security establishment was mildly worried about a growing U.S. disengagement overseas. This year, the worry has given way to a realization that the “liberal world order” — another name for Pax Americana — may be finished, and that new security arrangements are needed. That’s the conclusion th...Read More

 The original Federal Reserve Act dictated that, in selecting members of the Board of Governors, "The President shall have due regard to fair representation of the financial, agricultural, industrial and commercial interests, and geographic divisions of the country." How is it, then, over 100 years hence, that the Fed has been overrun by academic economists? This critical question must be bol...Read More

Glencore (LON:GLEN) is upping its presence in the African mining landscape through the purchase of stakes in two mines it already partially owns.For the last month the Switzerland-based commodities trader has been studying strategic options for the Mutanda copper mine in the DRC, an asset it jointly owns with billionaire mining tycoon Dan Gertler. There were questions about whether the government...Read More

EY's Canadian Mining Eye index declined 13% during Q4 2016. This is predominantly due to weakness in gold and nickel prices, offset partially by gains in both copper and zinc prices. For the full year 2016, the Canadian Mining Eye index rose 61%, which was better than 18% gains in S&P/TSX composite index. "The outlook for the Canadian mining sector remains healthy," says Jim MacLean, EY's Canadia...Read More

Australia's biggest gold producer, Newcrest Mining (ASX:NCM) posted some positive figures Monday, with first-half profit more-than doubling and news of an interim dividend to be paid.The miner attributed the good results to higher metals prices, increased gold and copper output and productivity improvements.Newcrest logged a net profit for the six months to December 31 of $187 million (A$243.7 mil...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 U.S. market open; changes byline, dateline)By Chuck MikolajczakNEW YORK, Feb 13 (Reuters) - A gauge of global equity markets advanced on Monday and bond yields rose, lifted by a reemergence of assets likely to benefit from reflationary policie...Read More

Feb 13 (Reuters) - Hindalco Industries Ltd HALC.NS* Dec quarter net profit 3.20 billion rupees* Consensus forecast for Dec quarter net profit was 3.93 billion rupees* Dec quarter income from operations 99.15 billion rupees* Net loss in Dec quarter last year was 327.5 million rupees as per IND-AS; income from operations was 87.16 billion rupees* Copper performance impacted due to lower demand in...Read More

Investing.com - Gold prices were slightly lower in European morning trade on Monday, as recent actions by U.S. President Donald Trump helped soothe investor worries about uncertainty surrounding the new administration's controversial policies.Gold for April delivery on the Comex division of the New York Mercantile Exchange dipped $3.90, or about 0.3%, to $1,232.00 a troy ounce by 3:15AM ET (08:15G...Read More

MILAN, Feb 13 (Reuters) - Live coverage of European markets now available on cpurl://apps.cp./cms/?pageId=livemarketsSummary:** European shares seen rising for 5th straight day** Equity index futures rising 0.2-0.3 percent** German drugmaker Stada seen up 16 percent after receiving takeover offers** Higher copper prices could support miners** Hooded vandals attack BHP Billiton (LON:BLT)'s Escondid...Read More

(Adds futures, company news items)Feb 13 (Reuters) - Britain's FTSE 100 index is seen opening up 17 points at 7,275 on Monday, according to financial bookmakers, with futures FFIc1 up 0.2 percent ahead of the cash market open.* The UK blue-chip FTSE 100 .FTSE index ended 0.4 percent higher at 7,258.75 points on Friday, after hitting an intra-day peak of 7,274.80, the highest since Jan. 17 as a ral...Read More

Feb 13 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 17 points at 7,275 on Monday, according to financial bookmakers.* The commodity-heavy UK blue-chip FTSE 100 .FTSE index ended 0.4 percent higher at 7,258.75 points on Friday, after hitting an intra-day peak of 7,274.80, the highest since Jan. 17 as a rally in metals prices on soothing Chinese data and supply concerns boosted shar...Read More

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.FUNDAMENTALS* Malaysian palm oil futures fell on Friday, ending three sessions of gains and dragged down by higher than forecast inventory data from the Malaysian Palm Oil Board (MPOB). POI/* U.S. wheat Wc1 and corn Cc1 futures extended gains to set multi-month highs on Friday on follow-through...Read More

TISA's Worse Than TPP-Kiss Internet privacy and national sovereignty goodbye – National EconomicsWe got rid of TPP and now they’re bringing it back with TISA. In some ways it’s even worse that TPP.TPP was killed because Congress wasn’t going to go along with it and US President Donald Trump withdrew the country from the Trans-Pacific Partnership (TPP) as soon as he got i...Read More

Long before the Egyptians saw the light of day, an advanced civilisation of humans lived in southern Africa mining gold. These were also the people who carved the first Horus bird, the first Sphinx, built the first Pyramids and built an accurate stone calendar right in the heart of it all. Adam's Calendar is the flagship among millions of circular stone ruins, ancient roads, agricultural terraces...Read More

TISA's Worse Than TPP-Kiss Internet privacy and national sovereignty goodbye – National EconomicsWe got rid of TPP and now they’re bringing it back with TISA. In some ways it’s even worse that TPP.TPP was killed because Congress wasn’t going to go along with it and US President Donald Trump withdrew the country from the Trans-Pacific Partnership (TPP) as soon as he got i...Read More

Long before the Egyptians saw the light of day, an advanced civilisation of humans lived in southern Africa mining gold. These were also the people who carved the first Horus bird, the first Sphinx, built the first Pyramids and built an accurate stone calendar right in the heart of it all. Adam's Calendar is the flagship among millions of circular stone ruins, ancient roads, agricultural terraces...Read More

Booth says many books about the Fed's actions following the financial crisis have been written to make Fed officials look as good as possible because they are often written by the principals themselves.A former Fed adviser in Dallas has criticized central bank economists for not understanding economics. Danielle DiMartino Booth was a financial journalist who warned about a real estate crash due t...Read More

Booth says many books about the Fed's actions following the financial crisis have been written to make Fed officials look as good as possible because they are often written by the principals themselves.A former Fed adviser in Dallas has criticized central bank economists for not understanding economics. Danielle DiMartino Booth was a financial journalist who warned about a real estate crash due t...Read More