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

Sometimes the People Need to Call the Experts … The government about to take over in Washington has more billionaires than the Boston of Buckley's time, but it seems willing to test the theory that academics can be dispensed with for the most part. – BloombergThis article says that people ought to run the country except when “experts” do a better job, and that’s a lot...Read More

Sometimes the People Need to Call the Experts … The government about to take over in Washington has more billionaires than the Boston of Buckley's time, but it seems willing to test the theory that academics can be dispensed with for the most part. – BloombergThis article says that people ought to run the country except when “experts” do a better job, and that’s a lot...Read More

Happer is not wrong that carbon dioxide appears to bolster plant growth - the greening up of the Arctic has, indeed, been observed. But that comes with many other consequences, including melting of glaciers and thawing of permafrost, which can emit still more carbon dioxide to the atmosphere. -Washington PostPhysicist William Happer believes there is global warming but unlike most, he believes it...Read More

Happer is not wrong that carbon dioxide appears to bolster plant growth - the greening up of the Arctic has, indeed, been observed. But that comes with many other consequences, including melting of glaciers and thawing of permafrost, which can emit still more carbon dioxide to the atmosphere. -Washington PostPhysicist William Happer believes there is global warming but unlike most, he believes it...Read More

At the end of November copper hit an 18-month high on the back of optimism about the possible impact of president-elect Donald Trump's $500 billion-plus infrastructure plan on the metal, widely used in construction, manufacturing transportation and power industries.The price has since come off the boil, official customs data from China, responsible for some 45% of global consumption of the red...Read More

Investing.com - Gold prices slipped lower on Friday, pulling away from a seven-week high as the U.S. dollar regained some strength, although ongoing U.S. political uncertainties continued to support demand for the safe-haven precious metal.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery were down 0.31% at $1,196.15, just off Thursday's seven-week high...Read More

(Updates prices, adds comment)* U.S. stocks slide, dollar falls after Trump short on stimulus* Oil consolidates after bounce; gold hits 7-week high* U.S.-listed Fiat shares fall after EPA newsBy Gertrude Chavez-DreyfussNEW YORK, Jan 12 (Reuters) - Wall Street stocks fell and the U.S. dollar dropped to a five-week low on Thursday after President-elect Donald Trump, in his eagerly-awaited news brief...Read More

(Updates prices, adds Fiat news)* Dollar slips, bonds rally after Trump short on stimulus* Healthcare stocks in Europe drop 2 percent after Trump* Oil consolidates after bounce; gold hits 7 week highBy Gertrude Chavez-DreyfussNEW YORK, Jan 12 (Reuters) - Wall Street stocks fell and the U.S. dollar dropped to a five-week low on Thursday after President-elect Donald Trump, in his eagerly-awaited new...Read More

Trump Needs Vaccine Experts, Not Conspiracy Theorists ... Trump could have turned to any number of reputable experts to learn about vaccine safety. Instead, he went straight for the fringe. -Daily BeastDonald Trump supposedly picked Robert Kennedy Jr. to head a commission on vaccines and autism, causing a good deal of anxiety among mainstream media.Trump has since denied that any decision has been...Read More

Trump Needs Vaccine Experts, Not Conspiracy Theorists ... Trump could have turned to any number of reputable experts to learn about vaccine safety. Instead, he went straight for the fringe. -Daily BeastDonald Trump supposedly picked Robert Kennedy Jr. to head a commission on vaccines and autism, causing a good deal of anxiety among mainstream media.Trump has since denied that any decision has been...Read More

The Democratic Republic of Congo won't stand in the way of Glencore's (LON:GLEN) plans to increase its stake in the Mutanda copper mine, an asset it jointly owns with billionaire mining tycoon Dan Gertler.Mines Minister Martin Kabwelulu told Bloomberg he "didn't believe" the government needed to authorize changes in ownership in that project, marking a radical shift from previous attempts to block...Read More

Canada's Goldcorp (TSX:G)(NYSE:GG), the world's third largest gold producer by market value, is selling mines in Mexico and Guatemala to two different buyers as part of its ongoing efforts to focus on highly profitable, core assets.The Vancouver-based company said it will receive an estimated $438 million worth of cash, stock and other assets by selling its Los Filos gold-and-silver mine in Mexic...Read More

Canada's Goldcorp (TSX:G)(NYSE:GG), the world's third largest gold producer by market value, is selling mines in Mexico and Guatemala to two different buyers as part of its ongoing efforts to focus on highly profitable, core assets.The Vancouver-based company said it will receive an estimated $438 million worth of cash, stock and other assets by selling its Los Filos gold-and-silver mine in Mexic...Read More

Nickel prices plummeted almost 5%, hitting a fourth-month low Thursday after Indonesia decided to finally relax its ban on partially processed minerals exports, including nickel ore, bauxite and other minerals concentrates under certain conditions.The export ban, in place since 2014, aimed to push miners to build smelters and so process ore locally. The ruling did allow, however, some concentrate...Read More

Southern Copper's (NYSE:SCCO) $1.2 billion expansion of its Toquepala open-pit mine in southern Tacna, Peru, will be ready by the end of the year and in operations early 2018, the company said.The company's president and chief executive ?"scar Gonz??lez Rocha told local media Wednesday (in Spanish) the project, which will allow the firm double the mine's output, is 40% complete.He noted the outp...Read More

(Adds comment, updates prices, changes dateline; previous LONDON)* Dollar slips, bonds rally after Trump short on stimulus* Healthcare stocks in Europe drop 2 percent after Trump* Oil consolidates after bounce, gold hits 7 week highBy Gertrude Chavez-DreyfussNEW YORK, Jan 12 (Reuters) - Wall Street stocks fell nearly 1 percent and the U.S. dollar dropped to a five-week low on Thursday after Presid...Read More

* Graphic: World FX rates in 2016 http://tmsnrt.rs/2egbfVh* Dollar slip, bonds rally after Trump fails to talk stimulus* Healthcare stocks in Europe drop 2 percent after Trump talk* Oil consolidates after bounce, gold hits 7 week highBy Marc JonesLONDON, Jan 12 (Reuters) - The U.S. dollar nursed widespread losses on Thursday after President-elect Donald Trump's long-awaited news briefing provided...Read More

Investing.com - Gold prices rallied to a seven-week high on Thursday, as the U.S. dollar sank after President-elect Donald Trump's highly-anticipated press conference failed to offer details on his plans to boost fiscal spending and cut taxes.Gold for February delivery on the Comex division of the New York Mercantile Exchange touched a session peak of $1,202.35 a troy ounce, a level not seen since...Read More

Tribal Warfare in Economics Is a Thing of the Past ... I still remember going to a graduate student barbecue my first month at the University of Michigan. I told a woman from another department that I was studying economics, and she asked me: "What school?" Blinking, I replied "This one. The University of Michigan." That wasn't what she was asking, of course. She wanted to know which tribe of ec...Read More

Tribal Warfare in Economics Is a Thing of the Past ... I still remember going to a graduate student barbecue my first month at the University of Michigan. I told a woman from another department that I was studying economics, and she asked me: "What school?" Blinking, I replied "This one. The University of Michigan." That wasn't what she was asking, of course. She wanted to know which tribe of ec...Read More