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

* Europe's STOXX inches up 0.2 pct after choppy day* Pearson plunges after profit warning* ASML surges to record high on net income beat* Miners top gainers as copper steadies (Recasts, adds quotes and detail, updates prices)By Danilo MasoniMILAN, Jan 18 (Reuters) - European shares ended little changed on Wednesday with investors looking at corporate earnings for market direction as more doubts...Read More

(Corrects headline and first paragraph in Jan. 17 story to show payment is not a fine)LUSAKA, Jan 17 (Reuters) - Konkola Copper Mines (KCM), owned by global conglomerate Vedanta Resources PLC VED.L , will pay the first tranche of the $100 million it owes the Zambian government by the end of the month, the country's investment firm said on Tuesday.The claim relates to outstanding payments under a...Read More

(Updates futures, adds company news items)Jan 18 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 14 points higher on Wednesday, according to financial bookmakers, with futures FFIc1 up 0.3 percent ahead of the cash market open.* The UK blue chip index closed 1.5 percent lower at 7,220.38 points, posting its biggest one-day drop since June 2016 on Tuesday, with a jump in sterling followi...Read More

Investing.com - Gold prices were little changed on Wednesday, holding near the prior session's eight-week high as investors await Federal Reserve Chair Janet Yellen's speech on monetary policy.Market players also looked ahead to U.S. inflation data later in the day.Gold for February delivery on the Comex division of the New York Mercantile Exchange held steady at $1,212.65 a troy ounce by 3:15AM E...Read More

Jan 18 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 14 points higher on Wednesday, according to financial bookmakers.* The UK blue chip index closed 1.5 percent lower at 7,220.38 points, posting its biggest one-day drop since June 2016 on Tuesday, with a jump in sterling following Prime Minister Theresa May's speech on Brexit hurting dollar-earning companies. DEUTSCHE BOERSE/LONDON S...Read More

Donald Trump is committed to globalisation. Davos told Elite in Europe and US have misunderstood trade stance says Anthony Scaramucci … A senior member of Donald Trump's team insisted that the president-elect was committed to globalisation, open trade and Nato, despite recent comments that unsettled America's allies. -FTDonald Trump either misunderstand what globalism is, or he’s not...Read More

Donald Trump is committed to globalisation. Davos told Elite in Europe and US have misunderstood trade stance says Anthony Scaramucci … A senior member of Donald Trump's team insisted that the president-elect was committed to globalisation, open trade and Nato, despite recent comments that unsettled America's allies. -FTDonald Trump either misunderstand what globalism is, or he’s not...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.The bullishness about the impact of Trump's $500 billion infrastructure plans and solid growth in top consumer China on demand for the bellwether metal has cooled down considerably.2016 was the fifth year...Read More

The Democratic Republic of Congo has dropped its opposition to the sale of the Tenke Fungurume mine by Freeport-McMoRan (NYSE:FCX) and Lundin Mining's (TSX:LUN) to Chinese investors for $3.8 billion.State-owned Gecamines which owns 20% of the copper mine, strongly opposed the deal and in October opened an arbitration case in Paris. Gecamines was particularly unhappy about Lundin's right of first...Read More

About half of all the African countries either host significant operating mines or have advanced exploration projects, yet investors tend to shy away due to perceived risks such as high levels of corruption and political uncertainty, a new report shows.There is an urgent need to refill the mining project pipeline of African countries with early stage exploration projects of all shapes and sizes.Th...Read More

* Dollar, bond yields slip on Trump* Eyes on key Brexit speech from British PM May* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVhBy Nigel StephensonLONDON, Jan 17 (Reuters) - Stocks, bond yields and the dollar fell on Tuesday, while gold rose as investors drew in their horns in response to comments on the dollar from U.S. President-elect Donald Trump and ahead of a speech on Brexit from...Read More

Investing.com - Gold prices climbed to the highest level in around eight weeks on Tuesday, as investors looked ahead to a highly-anticipated speech by British Prime Minister Theresa May later in the day, at which she is expected to outline her plans for a 'Hard Brexit'.Gold for February delivery on the Comex division of the New York Mercantile Exchange touched a session peak of $1,212.50 a troy ou...Read More

A team of researchers from Canada's University of British Columbia (UBC) say that recovering metals such as copper and rare earths from LED lights may turn to be an economical option.Professor Maria Holuszko and PhD student Amit Kumar told The Province they have successfully recovered copper, silver and are certain they might also be able to extract some rare earths such as europium, cerium and...Read More

Investing.com - Gold prices started the week higher on Monday, rallying to the strongest level in around two months as investors looked ahead to a highly-anticipated speech by British Prime Minister Theresa May and U.S. President-elect Donald Trump's inauguration later this week.Gold for February delivery on the Comex division of the New York Mercantile Exchange touched a session peak of $1,208.70...Read More

British Politician Warns Trump 'CIA Is Plotting Assassination' - British politician George Galloway has warned Donald Trump the American deep state is engaged in a "soft coup d'etat" and the CIA is planning to assassinate him. "There is a clear and present danger on his life.” -Your News WireGeorge Galloway is a somewhat popular but wildly leftist, English politician who says thing that othe...Read More

British Politician Warns Trump 'CIA Is Plotting Assassination' - British politician George Galloway has warned Donald Trump the American deep state is engaged in a "soft coup d'etat" and the CIA is planning to assassinate him. "There is a clear and present danger on his life.” -Your News WireGeorge Galloway is a somewhat popular but wildly leftist, English politician who says thing that othe...Read More

Public Service of Canada prosecutor Alexander Clarkson announced that the Crown wants to enter a stay of proceedings in relation to MiningWatch Canada's private prosecution against the Mount Polley Mining Corporation and the Government of British Columbia over the 2014 Mount Polley Mine tailings breach near the city of Williams Lake.In other words, the federal government is seeking a withdrawal of...Read More

One week after releasing its final report on a 2015 toxic wastewater spill accidentally triggered by its own staff at a defunct Colorado mine, the US Environmental Protection Agency announced it won't pay the $1.2 billion in claims filed by local governments, farmers, ranchers, tribes, and river-running raft companies that were seeking compensation for lost business or wages from the spill.Accordi...Read More

Radomiro Tomic copper mine in Chile. (Image courtesy of Codelco via Flickr)Copper, until recently one of the worst performing commodities of the past two years, experienced a sudden spike at the end of 2016, posing several questions as to the direction of the market as we move into 2017.The rally, which began on the heels of Donald Trump winning in the US presidential election, has been partly bas...Read More

Investing.com - Gold ended lower on Friday as investors took profits after prices hit a seven-week peak in the previous session, but still notched up a third consecutive weekly gain.Gold for February delivery settled down 0.21% at $1,195.3 on the Comex division of the New York Mercantile Exchange.The metal was still 1.98% higher for the week, helped by a broad weakening of the U.S. dollar.The U.S....Read More