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

* Dollar steadies after dip on Mnuchin strong dollar comments* Trump talks protectionism, border taxes rather than stimulus* Japanese shares pressured as yen highest in nearly 8 weeks* Sterling dips briefly after UK court ruling on Brexit vote* Gold, oil and bulk metals boosted by recent dollar declineBy Marc JonesLONDON, Jan 24 (Reuters) - The dollar steadied on Tuesday, recovering from a dip on...Read More

Investing.com - Gold prices edged lower during European morning trade on Tuesday, pulling back from the prior session's two-month peak as the dollar firmed after earlier losses.Gold for February delivery on the Comex division of the New York Mercantile Exchange dipped $2.00, or around 0.2%, to $1,213.55 a troy ounce by 4:10AM ET (09:10GMT), after rallying $10.70, or 0.9%, a day earlier.The U.S. do...Read More

(Adds company news items, futures)Jan 24 (Reuters) - Britain's FTSE 100 .FTSE index is expected to open 16 points higher on Tuesday, according to financial spreadbetters, with futures FFIc1 up 0.3 percent ahead of the cash market open.* The UK blue chip index fell 0.7 percent, down after the pound rose to a one-month high against the dollar. It ended down 0.66 percent at 7151.18 points on Monday....Read More

Jan 24 (Reuters) - Britain's FTSE 100 .FTSE index is expected to open 16 points higher on Tuesday, according to financial spreadbetters.* The UK blue chip index fell 0.7 percent, down after the pound rose to a one-month high against the dollar. It ended down 0.66 percent at 7151.18 points on Monday. BOVIS/BERKELEY: British housebuilders Bovis BVS.L and Berkeley BKGH.L see little logic in a merger,...Read More

Here is the key to investigating Donald Trump ... We were successful because we collaborated with other journalists. Now it is time for the media to join forces once again - especially given the threat Trump poses trump towers 'We are faced with a story that is too big and too important to handle on our own.'The Guardian claims it "broke" the story of the Panama Papers and can use the same t...Read More

EU states should guarantee minimum income for citizens ... The European Commission wants all EU member states to introduce minimum wages and incomes for their workers and unemployed, the head of the EU executive president said on Monday, in an effort to combat growing social inequality and poverty. The Commission, which has limited powers in the area of social policy, is preparing an overhaul of...Read More

Here is the key to investigating Donald Trump ... We were successful because we collaborated with other journalists. Now it is time for the media to join forces once again - especially given the threat Trump poses trump towers 'We are faced with a story that is too big and too important to handle on our own.'The Guardian claims it "broke" the story of the Panama Papers and can use the same t...Read More

EU states should guarantee minimum income for citizens ... The European Commission wants all EU member states to introduce minimum wages and incomes for their workers and unemployed, the head of the EU executive president said on Monday, in an effort to combat growing social inequality and poverty. The Commission, which has limited powers in the area of social policy, is preparing an overhaul of...Read More

The surge in the copper price to near 18-month highs following Donald Trump's win in the US presidential election came as a surprise to an industry under pressure since 2011 over growing supply.Bullishness about the impact of Trump's $500 billion infrastructure plans has cooled down considerably since then, but at $2.6430 per pound ($5,872 a tonne) in New York on Monday the bellwether metal is up...Read More

Garry Jones, the London Metal Exchange (LME) chief executive for the last three years, has left one of the world's largest and oldest metals markets, becoming the second senior manager to step down in two months.The move, announced by LME's parent company Hong Kong Exchanges and Clearing Ltd (HKEX), follows a difficult year that saw declining volumes, a fraud case come to light and the departure o...Read More

Investing.com - Gold prices rose sharply during European morning trade on Monday, hitting the strongest level in around two months as the U.S. dollar tumbled amid uncertainty around the economic policies of new U.S. President Donald Trump.Gold for February delivery on the Comex division of the New York Mercantile Exchange touched a session high of $1,219.40 a troy ounce, a level not seen since Nov...Read More

While Trump fans are happy to see the antagonism, others worry about Trump’s long-term damage ... Donald Trump's "running war" on the media is continuing into his presidency, with statements over the weekend calling into question the extent to which information from the White House can be trusted. White House press secretary Sean Spicer on Monday will hold his first daily press briefing, a...Read More

Shipping crisis puts German banks under pressure ... The flailing container shipping industry is a massive problem for state banks, particularly in northern Germany. Some fear that skyrocketing risk provisions may cost taxpayers billions of euros. A report published on Sunday by German public broadcaster ARD has suggested that the northern German states of Hamburg and Schleswig-Holstein may ha...Read More

While Trump fans are happy to see the antagonism, others worry about Trump’s long-term damage ... Donald Trump's "running war" on the media is continuing into his presidency, with statements over the weekend calling into question the extent to which information from the White House can be trusted. White House press secretary Sean Spicer on Monday will hold his first daily press briefing, a...Read More

Shipping crisis puts German banks under pressure ... The flailing container shipping industry is a massive problem for state banks, particularly in northern Germany. Some fear that skyrocketing risk provisions may cost taxpayers billions of euros. A report published on Sunday by German public broadcaster ARD has suggested that the northern German states of Hamburg and Schleswig-Holstein may ha...Read More

The Bre-X Minerals scam was practically made for the big screen. In 1997 many surely felt like they were living something out of a movie when 200 million ounces of "gold" evaporated from the Busang project in Indonesia, along with billions of investors' dollars and one Filipino geologist.Ripe with drama, the famous fraud is littered with greed, deception, high stakes, boardroom battles, lawsuits,...Read More

Investing.com - Gold ended higher on Friday, buoyed by the weaker dollar as the inauguration of Donald Trump as U.S. president fueled uncertainty about the direction of fiscal and economic policy.Gold for February delivery settled up 0.67% at $1,209.5 on the Comex division of the New York Mercantile Exchange.The metal was 0.75% higher for the week, helped by a broad weakening of the U.S. dollar.Th...Read More

We need an alternative to Trump’s nationalism. It isn’t the status quo. The answer to neoliberalism's Waterloo cannot be the retreat to a barricaded nation-state and the pitting of 'our' people against 'others' fenced off by tall walls.The Guardian has suggested that progressive internationalism should be the antidote to populism around the world. It says that one cannot fight Trump's...Read More

We need an alternative to Trump’s nationalism. It isn’t the status quo. The answer to neoliberalism's Waterloo cannot be the retreat to a barricaded nation-state and the pitting of 'our' people against 'others' fenced off by tall walls.The Guardian has suggested that progressive internationalism should be the antidote to populism around the world. It says that one cannot fight Trump's...Read More

President Donald Trump's picks for his Cabinet appear to back up his campaign pledges to boost US oil and gas production and streamline infrastructure approvals.From the longest serving Texas governor in history to the former head of ExxonMobil, the administration may ultimately become the most oil and gas-friendly in decades.Confirmation hearings in the US Senate have been held for all of these n...Read More