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
NATO seeks to break up Russia into small client states ... Scores of people have staged a protest in a northern German port city against the deployment and transport of NATO troops and weapons through the city. The protesters marched through the city of Bremerhaven, holding signs and banners that read, "No NATO deployment! End the militaristic march against Russia!" and "Out of NATO." -Press TVAcc...Read More
Courtesy of: Visual Capitalist2016 Commodity PerformanceIt was an up and down year for commodities, but things ultimately finished in the black.The S&P Goldman Sachs Commodity Index (GSCI) climbed 10.1% on the year - it was just enough to edge out the S&P 500, which ended 2016 with a 9.5% return.WINNERS IN 2016The biggest winners on the year were base metals and the oil and gas sector.Here's how b...Read More
Investing.com - Gold prices fell on Friday, retreating from the previous sessions one-month highs as the dollar strengthened against a currency basket after U.S. jobs data showed a slowdown in hiring in December but a pickup in wage growth.Gold for February delivery settled down 0.73% at $1,172.65 on the Comex division of the New York Mercantile Exchange.The metal was still 1.97% higher for the we...Read More
Intel report warns Moscow will try to influence elections in countries allied to US. The declassified version of the report warned that other countries were also vulnerable to attack. – IndependentIntelligence in the US is becoming even more emphatic about the Russian threat to elections, claiming that Russians will start to disrupt the elections of other countries like they are disrupting...Read More
Intel report warns Moscow will try to influence elections in countries allied to US. The declassified version of the report warned that other countries were also vulnerable to attack. – IndependentIntelligence in the US is becoming even more emphatic about the Russian threat to elections, claiming that Russians will start to disrupt the elections of other countries like they are disrupting...Read More
Chief economist of Bank of England admits errors in Brexit forecasting … Andrew Haldane says his profession must adapt to regain the trust of the public, claiming narrow models ignored 'irrational behaviour.' The Bank of England's chief economist has admitted his profession is in crisis having failed to foresee the 2008 financial crash and having misjudged the impact of the Brexit vote. -G...Read More
Obama awarded Pentagon’s medal for distinguished public service Sarah Palin criticized the decision, saying “this is what happens when you grow up thinking every kid gets a trophy.” -Washington PostPresident Barrack Obama recently received a medal from the Department of Defence. The medal for Distinguished Public Service was awarded by Defense Secretary Ashton Carter.The award wa...Read More
Chief economist of Bank of England admits errors in Brexit forecasting … Andrew Haldane says his profession must adapt to regain the trust of the public, claiming narrow models ignored 'irrational behaviour.' The Bank of England's chief economist has admitted his profession is in crisis having failed to foresee the 2008 financial crash and having misjudged the impact of the Brexit vote. -G...Read More
Obama awarded Pentagon’s medal for distinguished public service Sarah Palin criticized the decision, saying “this is what happens when you grow up thinking every kid gets a trophy.” -Washington PostPresident Barrack Obama recently received a medal from the Department of Defence. The medal for Distinguished Public Service was awarded by Defense Secretary Ashton Carter.The award wa...Read More
The US Environmental Protection Agency (EPA) said Friday the total amount of metals dumped into the Animas River following a 2015 mine spill triggered by the own agency was comparable to four to seven days of ongoing acid drainage from the Gold King mine (GKM).The revelation is part of a final report on the Colorado mine spill, published today, which focuses on understanding all possible effects t...Read More
Miner and commodities trader Glencore (LON:GLEN) is mulling to hike its stake in the Mutanda mine in the Democratic Republic of Congo, a copper asset it jointly owns with billionaire mining tycoon Dan Gertler.The Swiss firm, which already owns 69% of the mine, confirmed Thursday it was studying strategic options for the venture, adding it would make a further announcement if appropriate.The fir...Read More
(Adds futures, company items)Jan 6 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 2 to 7 points higher, or as much as 0.1 percent, on Friday, according to financial bookmakers, with futures FFIc1 up 0.1 percent ahead of the cash market open.* The UK blue chip index closed 0.1 percent higher at 7,195.31 points on Thursday, boosted by a bullish update from housebuilder Persimmon PSN.L...Read More
Jan 6 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 2 to 7 points higher, or as much as 0.1 percent, on Friday, according to financial bookmakers.* The UK blue chip index closed 0.1 percent higher at 7,195.31 points on Thursday, boosted by a bullish update from housebuilder Persimmon PSN.L , which reported a rise in sales despite Britain's vote last year to leave the European Union....Read More
House Republicans in the US passed legislation Wednesday to block or undo regulations and executive orders recently issued by President Barack Obama.Congress has now the power to kill in one fell swoop dozens of such laws, dubbed "midnight rules" - those rolled out in the last 60 legislative days of an outgoing administration.Congress has now the power to kill in one fell swoop dozens of regulati...Read More
Investing.com - Gold prices rallied to a four-week high on Thursday, as the U.S. dollar stepped further away from a 14-year peak against a basket of major currencies following the release of commentary from the Federal Reserve.Gold for February delivery on the Comex division of the New York Mercantile Exchange touched an intraday peak of $1,179.90 a troy ounce, a level not seen since December 5.It...Read More
(Adds company news item, updates futures)Jan 5 (Reuters) - Britain's FTSE 100 index .FTSE is seen opening up to 4 points higher, or as much as 0.06 percent, on Thursday, according to financial bookmakers, with futures FFIc1 up 0.03 percent by 0757 GMT after having briefly turned negative.* The UK blue chip index closed slightly firmer at 0.17 percent higher at 7,189.74 points, near a record high,...Read More
Jan 5 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening flat to 4 points higher, or up as much as 0.06 percent, on Thursday, according to financial bookmakers.* The UK blue chip index closed slightly firmer at 0.17 percent higher at 7,189.74 points, near a record high, on Wednesday as a rally in housebuilders was offset by a slump in retailers after Next NXT.L issued a profit warning. B...Read More
No Russian attempt to hack Vermont power grid found … Burlington Electric Department now says code associated with Russian hackers wasn’t on its employee’s laptop. Someone browses the internet on his work laptop. The laptop connects to a potentially malicious IP address. Nothing happens. -CNetOn Friday evening, there was a report that a Russian hacker had penetrated the US elect...Read More
No Russian attempt to hack Vermont power grid found … Burlington Electric Department now says code associated with Russian hackers wasn’t on its employee’s laptop. Someone browses the internet on his work laptop. The laptop connects to a potentially malicious IP address. Nothing happens. -CNetOn Friday evening, there was a report that a Russian hacker had penetrated the US elect...Read More