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
Shares in Freeport McMoRan Inc (NYSE:FCX), the world's largest listed copper miner, gained on Tuesday after reports that the US company's Indonesia operations will be temporarily exempt from new mining rules introduced by the Asian nation.Freeport shares jumped as much as 2.4% in early trade in New York, bringing gains so far in 2017 to nearly 25%. The pundits favourite regularly makes the most a...Read More
United States mines in 2016 produced an estimated $74.6 billion of raw mineral materials, a slight increase from 2015, the U.S. Geological Survey announced Tuesday.The information comes from the 40th annual Mineral Commodity Summaries report, the earliest comprehensive source of 2016 mineral production data for the world. It includes statistics on more than 88 mineral commodities that are import...Read More
Investing.com - Gold prices were higher in European morning trade on Tuesday, adding to the prior session's gains amid uncertainty over the outlook for U.S policy after President Donald Trump introduced immigration curbs that sparked criticism at home and abroad.Gold for April delivery on the Comex division of the New York Mercantile Exchange rose $5.85, or around 0.5%, to $1,201.95 a troy ounce b...Read More
On Monday copper for delivery in March declined more than 1% in New York at $2.6545 per pound or $5,855 a tonne amid a general weakness on commodity and financial markets gripped by uncertainty surrounding the Trump administration's impact on the global economy and geopolitical stability. Last week copper touched its highest level since June 2015 above $2.70 a pound.Despite the pullback copper is...Read More
Nickel fell to a 13-year low of $7,725 a tonne ($3.50 a pound ) in February last year; then rallied to more than $11,700 by mid-November only to fall back nearly 20% to trade at a six-month low on Friday.Nickel, mainly used as an anti-corrosive in steel alloys, rallied in 2016 on the back of a clampdown on mines in the Philippines which took over as the main supplier to China following an ore exp...Read More
Frank discusses the gold and bond markets and how they have been driven by global uncertainty. Bond rates have begun to decline again which is bullish for the gold market. He talks about forward looking industrial indicators which are currently positive and how they are predictive of future global economic demand. Holmes says this is a good sign, and may be the underlying reason why commodities ha...Read More
Through a quietly released official announcement, the Federal Environment Secretary of Argentina, Sergio Bergman, informed that Argentina's National Glacier Inventory has just completed a glacier count in the controversial Famatina Mountains, and that the National Glacier Institute (the IANIGLA) recognizes the presence of glaciers and rock glaciers, as well as periglacial environment (permafrost),...Read More
Shares in Freeport McMoRan Inc (NYSE:FCX), the world's largest listed copper miner, were down on Monday despite reports indicating that Indonesia may issue a temporary permit valid for up to six months to the company's local unit, which could pave the way for the mining giant to resume exports of concentrate from its Grasberg mine in Papua.The temporary permit, valid for up to six months, would...Read More
Australia's biggest gold producer, Newcrest Mining (ASX:NCM) revealed Monday that gold production dropped in the last three months of 2016 as the company lowered production at one of its largest operations and sold a mine in Papua New Guinea.The company said gold production dropped to 614,715 ounces in the quarter ended in December, from 615,498 ounces in the three months immediately prior and 620...Read More
NEW DELHI, Jan 30 (Reuters) - India will launch its biggest aero geophysical survey of minerals next month to unearth deep-seated resources such as gold and copper, as it seeks to develop its mining industry and reduce its dependence on imports.The survey will cover more than 200,000 square kilometres across seven states from Rajasthan in the west to the southeastern state of Andhra Pradesh, India...Read More
* Financial shares lead Europe lower after fall in Asia* Wall Street signalled to open lower* Dollar dips vs yen, euro down on inflation undershoot* German inflation hits 3 1/2-year high but misses forcast* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVhBy Nigel StephensonLONDON, Jan 30 (Reuters) - Shares fell in Europe and Asia on Monday and the dollar dipped against the safe-haven yen a...Read More
Investing.com - Gold prices were higher in European morning trade on Monday, starting the week off with gains as the dollar slumped after immigration curbs introduced by U.S. President Donald Trump heightened concerns about the impact of the new administration's policies on trade and the economy.Gold futures for April delivery on the Comex division of the New York Mercantile Exchange rose $2.35, o...Read More
Journalists Look Awkward in the ‘Opposition Party’ ... The opening days of Donald Trump's presidency are forcing the traditional news media to choose between squarely reporting on the president and more directly challenging him when he makes statements that are demonstrably false. The strategic choice between a watchdog mission and an active opposition must be made mindfully. Otherwise...Read More
Journalists Look Awkward in the ‘Opposition Party’ ... The opening days of Donald Trump's presidency are forcing the traditional news media to choose between squarely reporting on the president and more directly challenging him when he makes statements that are demonstrably false. The strategic choice between a watchdog mission and an active opposition must be made mindfully. Otherwise...Read More
Story developed using data from Mining Intelligence. Learn more and schedule a demo.Have you ever wondered which mines are blasting, shovelling and hauling the most expensive ore? While the world's highest-value minerals are well known - this list includes precious metals and gemstones - it is more practical for mining industry stakeholders to estimate the value of minerals by looking through...Read More
Investing.com - Gold ended little changed on Friday, after weaker-than-expected figures on U.S. fourth quarter growth dampened expectations for a faster rate of interest rate hikes this year.Gold for April delivery settled at $1,190.0 on the Comex division of the New York Mercantile Exchange.The precious metal was 1.35% lower for the week, as the stronger U.S. dollar weighed.The annual rate of eco...Read More
The British Columbia Court of Appeal has rejected efforts by Tahoe Resources Inc. to dismiss a lawsuit brought by seven Guatemalan men for injuries they suffered during the violent suppression of a peaceful protest at Tahoe's mine in Guatemala.The ruling represents the first time that a Canadian appellate court has permitted a lawsuit to advance against a Canadian company for alleged human rights...Read More
Shares in Freeport McMoRan Inc (NYSE:FCX), the world's largest listed copper miner, was hammered down on Wednesday after the US company announced fourth quarter earnings below expectations and warned about problems at its operations in Indonesia.But the stock soon rallied and on Friday, Freeport was trading up 3.7% in New York, bringing gains so far in 2017 to more than 24%. The pundits favouri...Read More
The South African government has singled out two of the country's biggest gold miners, Sibanye Gold (JSE:SGL) (NYSE:SBGL) and AngloGold Ashanti (JSE:ANG) (NYSE:AU), as responsible for risking workers lives by refusing to comply with mining laws."If companies cannot mine safely, they should not be mining at all, and should allow other potential holders," the Department of Mineral Resources said i...Read More
On Friday, British Prime Minister Theresa May will become the first world leader to meet with Donald Trump since he was sworn in as U.S. President. The meeting breathes new life into the long-standing "special relationship" between the United States and Britain, with Mr. Trump already calling her "his Maggie," drawing comparisons to the political bond forged between Ronald Reagan and Margaret That...Read More