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
Investing.com - Gold prices gained in European morning trade on Monday, rising toward the highest level in about 12 weeks as investors scaled back expectations for a more aggressive pace of rate hikes from the Federal Reserve this year.Gold for April delivery on the Comex division of the New York Mercantile Exchange rose to a session peak of $1,227.00 a troy ounce, the most since November 16.It wa...Read More
Palisade Research February 6, 2017 Category: Research Why do mining legends Rick Rule, Doug Casey, and Marin Katusa obsess over uranium when it is such a small component of the commodity market?Billionaires Mark Cuban and Robert Friedland have their chips stacked in the trade. Even Hong Kong's richest man Li Ka-shing is making a bet that uranium prices are set for an epic comeback.So what makes ur...Read More
Republican attack on Fed casts doubt over global bank rules Trump-era co-operation uncertain as congressman criticises deals with 'foreign lands' ... The future of cross-border co-operation on bank regulation in the Trump era has been thrown into doubt, with domestic pressure mounting on the US Federal Reserve and a senior member of the House of Representatives calling on the central bank not to n...Read More
Republican attack on Fed casts doubt over global bank rules Trump-era co-operation uncertain as congressman criticises deals with 'foreign lands' ... The future of cross-border co-operation on bank regulation in the Trump era has been thrown into doubt, with domestic pressure mounting on the US Federal Reserve and a senior member of the House of Representatives calling on the central bank not to n...Read More
Taseko Mines (TSX:TKO) is not giving up on its plan to build a large copper-gold mine in north-central British Columbia, despite two earlier rejections by the Government of Canada.The Vancouver-based company last week appeared in Federal Court asking for a judicial review of the federal government's decision to reject, on environmental concerns, the New Prosperity Mine project located 125 kilomet...Read More
Investing.com - Gold ended slightly higher on Friday, after the latest U.S. jobs report showing weak wage growth last month dampened expectations for a faster rate of interest rate hikes this year.Gold for April delivery settled up 0.2% at $1,221.85 on the Comex division of the New York Mercantile Exchange.The Labor Department said the U.S. economy added 227,000 jobs in January from the prior mont...Read More
‘If trade stops, war starts’ Alibaba founder who visited Donald Trump warns .. ‘The world needs globalisation, it needs trade’ ... Jack Ma met US President Donald Trump last month and announced his company would help create one million jobs in the US. -The IndependentThe question is whether Alibaba founder wants to implement trade by force or voluntarily. He doesn&#...Read More
‘If trade stops, war starts’ Alibaba founder who visited Donald Trump warns .. ‘The world needs globalisation, it needs trade’ ... Jack Ma met US President Donald Trump last month and announced his company would help create one million jobs in the US. -The IndependentThe question is whether Alibaba founder wants to implement trade by force or voluntarily. He doesn&#...Read More
How Big Government Has Outlasted Presidents for a Century ... Trump's recent flurry of executive orders mandates that for every new regulation issued by any agency, two must be eliminated. This comes on top of a federal hiring freeze and vows to reduce administrative bloat and otherwise force the government bureaucracy to conform to the kinds of expectations that govern private business. While T...Read More
How Big Government Has Outlasted Presidents for a Century ... Trump's recent flurry of executive orders mandates that for every new regulation issued by any agency, two must be eliminated. This comes on top of a federal hiring freeze and vows to reduce administrative bloat and otherwise force the government bureaucracy to conform to the kinds of expectations that govern private business. While T...Read More
Negotiations between BHP Billiton (ASX:BHP) and unionized Chilean workers at its Escondida mine, the world's biggest copper operation, are set to resume as soon as Monday, as the company has requested government mediation to avoid a looming strike.About 2,500 workers at the mine this week rejected the last company wage offer and opted instead to down their tools. However, a union representative t...Read More
Shares in Freeport McMoRan Inc (NYSE:FCX), the world's largest listed copper miner, were suffering Friday from reports that the company may cut its operations in Indonesia as the government hasn't granted it a promised temporary permit that would allow it to resume exports of concentrate from its Grasberg mine.The stock was down 2.8% to $16.34 in New York at 10:36AM local time, though year-to-date...Read More
The US Securities and Exchange Commission (SEC) may soon change its "conflict minerals" rule, which requires companies to trace and report whether their products contain minerals from a war-torn part of Africa.The regulation, issued in 2012 under the Dodd-Frank financial overhaul law, has mainly targeted the Democratic Republic of Congo, where several armed groups are said to still have mineral-ri...Read More
* Dollar up slightly, poised for fourth week of losses* U.S. payrolls ahead of estimates, hourly earnings fall* No "Trump fatigue" in investment flows: BAML* China unexpectedly tightens policy* Broadly healthier corporate earnings help stocksBy Vikram SubhedarLONDON, Feb 3 (Reuters) - The dollar headed for its fourth straight weekly loss as stocks rose after better-than-expected U.S. payrolls data...Read More
* Dollar up slightly, poised for 4th week of losses* U.S. payrolls eyed for clues on Fed's next move on rates* No "Trump fatigue" in investment flows: BAML* China unexpectedly tightens policy* Broadly healthier corporate earnings help stocksBy Vikram SubhedarLONDON, Feb 3 (Reuters) - The dollar recovered from 12-week lows but was poised for a fourth straight weekly loss in cautious trading on Frid...Read More
By Vikram SubhedarLONDON, Feb 3 (Reuters) - The dollar recovered from 12-week lows but was poised for a fourth straight weekly loss in cautious trading on Friday ahead of U.S. payrolls data while a set of healthy corporate results underpinned gains across European equity markets.Earlier in the day, an unexpected tightening of policy by China's central bank put Asian markets, already on the back fo...Read More
Investing.com - Gold prices moved lower on Friday, as the U.S. dollar recovered from the previous session's shar losses, but the precious metal remained within close distance of a two-and-a-half month peak amid ongoing U.S. political uncertainty and ahead of a key U.S. jobs report.On the Comex division of the New York Mercantile Exchange, gold futures for April delivery were down 0.30% at $1,215.7...Read More
* Dollar rebounds after hitting mid-November low* U.S. stocks little changed after Trump trade comments* BOE keeps rates unchanged; sterling drops* European shares drop as Deutsche Bank disappoints (Updates to U.S. market close, adds quotes, data)By Dion RabouinNEW YORK, Feb 2 (Reuters) - The dollar rebounded from its weakest level against six major rivals since mid-November on Thursday, while w...Read More
* Dollar rebounds after hitting mid-November low* U.S. stocks dip after Trump trade comments* BOE keeps rates unchanged; sterling drops* European shares drop as Deutsche Bank disappoints (Updates to European market close)By Dion RabouinNEW YORK, Feb 2 (Reuters) - The dollar was flat on Thursday after hitting its lowest level since mid-November, while world equity markets were mixed as investor c...Read More
Trump to sign executive actions targeting Obama financial regulations … The president is expected to sign a pair of executive orders targeting rules imposed on the financial sector Friday, according to senior White House officials.The president has signed two executives order that will free up the ability for companies and Wall Street to function with less paperwork and regulatory reporting...Read More