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
Mobileye NV (MBLY) is trading higher after announcing a fleet of self-driving BMW cars will be launched later this yearTech stocks will be in focus this week, as the Consumer Electronics Show (CES) gets underway. One name that could draw notable interest is self-driving car expert -- and one time Tesla Motors Inc (NASDAQ:TSLA) partner -- Mobileye NV (NYSE:MBLY), which is expected to make a big ann...Read More
(Adds company comments)LUSAKA, Jan 4 (Reuters) - Zambian workers have downed tools at a mine and copper processing plant belonging to Konkola Copper Mines (KCM), a unit of Vedanta Resources VED.L , in a dispute over the pace of wage talks, a union official said on Wednesday.The stoppage at the Konkola mine in Chililabombwe in northern Zambia began after a Dec. 31 target for completing talks on a...Read More
Investing.com - Gold prices traded near a three-week peak on Wednesday, as the U.S. dollar slipped from its 14-year-high against a basket of currencies with investors taking profits before the release of minutes from the Federal Reserve's December policy meeting later in the day.Gold for February delivery on the Comex division of the New York Mercantile Exchange tacked on $1.60, or around 0.2%, to...Read More
(Adds futures, company news items)Jan 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 18 points on Wednesday, according to financial bookmakers, with futures FFIc1 up 0.20 percent ahead of the cash market open.* The UK blue chip index ended 0.5 percent higher at 7,177.89 points on Tuesday as the London Stock Exchange reopened after a long weekend. It set a record high of 7,205.45,...Read More
LUSAKA, Jan 4 (Reuters) - Zambian workers have downed tools at a mine and copper processing plant belonging to Konkola Copper Mines (KCM), a unit of Vedanta Resources VED.L , in a dispute over the pace of wage talks, a union official said on Wednesday."The day shift workers have not entered the plant, they are protesting the slow pace of salary negotiations," National Union of Mine and Allied Wo...Read More
A group of Australian researchers is suggesting that the aspect and condition of tree leaves and soil, as well as the presence of termites, should be considered key indicators of the presence of gold deposits in a certain area.After analyzing hundreds of samples of sediments, soil and acacia leaves from a gold mine near Kalgoorlie, Western Australia, the team led by Ravi Anand, from the Australia...Read More
Investing.com - Gold prices ticked higher in the first trading session of 2017 on Tuesday, but gains were limited as the prospect of rising U.S. interest rates this year kept sentiment bearish.Gold for February delivery on the Comex division of the New York Mercantile Exchange tacked on $2.00, or around 0.2%, to $1,153.75 a troy ounce by 3:50AM ET (08:50GMT).The U.S. dollar rose on Tuesday, crawli...Read More
North Korea’s Kim Jong Un says preparations for long-range missile at final stage ... A state-run Chinese newspaper accused Donald Trump of “pandering to ‘irresponsible’ attitudes” Tuesday after the president-elect alleged that Beijing had failed to rein in North Korea’s nuclear program. -NBCNTrump may be going at the issue of North Korea and nuclear weapons t...Read More
North Korea’s Kim Jong Un says preparations for long-range missile at final stage ... A state-run Chinese newspaper accused Donald Trump of “pandering to ‘irresponsible’ attitudes” Tuesday after the president-elect alleged that Beijing had failed to rein in North Korea’s nuclear program. -NBCNTrump may be going at the issue of North Korea and nuclear weapons t...Read More
China says won’t allow Hong Kong to be used as subversion base ... China will not allow anyone stability, Beijing’s top official in the territory told state television. (Reuters)China is increasingly concerned with Hong Kong rhetoric about freedom, and has warned leaders against protests. Hong Kong operates under the uneasy policy of "one country, two systems.In an interview, Zhang...Read More
China says won’t allow Hong Kong to be used as subversion base ... China will not allow anyone stability, Beijing’s top official in the territory told state television. (Reuters)China is increasingly concerned with Hong Kong rhetoric about freedom, and has warned leaders against protests. Hong Kong operates under the uneasy policy of "one country, two systems.In an interview, Zhang...Read More
The EMR Capital private equity firm run by Owen Hegarty has agreed to buy the Golden Grove copper and zinc mine in Western Australia from MMG for $US210 million ($291m), giving Mr Hegarty control of the mine for a second time. Read moreRead More
Investing.com - Gold prices slid on Friday as investors took profits at the end of a year which saw bullion prices rise around 9%, snapping three years of declines.Gold for February delivery settled down 0.53% at $1,152.00 on the Comex division of the New York Mercantile Exchange. Prices were up around 9.8% for the year.Gold prices soared in the first half of 2016 as the Federal Reserve remained c...Read More
Costa Rica powered by renewable energy for over 250 days in 2016 ... Costa Rica completes 2016 without having to burn a single fossil fuel for more than 250 days. 98.2% of Costa Rica’s electricity came from renewable sources in 2016. The state-run Costa Rican Electricity Institute (ICE) reported that renewable energy sources accounted for 98.2 per cent of the country’s electricity and...Read More
Costa Rica powered by renewable energy for over 250 days in 2016 ... Costa Rica completes 2016 without having to burn a single fossil fuel for more than 250 days. 98.2% of Costa Rica’s electricity came from renewable sources in 2016. The state-run Costa Rican Electricity Institute (ICE) reported that renewable energy sources accounted for 98.2 per cent of the country’s electricity and...Read More
Freeport-McMorRan (NYSE:FCX) has divested another portion of its substantial oil and gas assets as the number one publicly-held copper producer continues on a path of debt reduction.The Phoenix-based company announced today that it completed the previously announced sale of its onshore California properties to Sentinel Peak Resources California LLC for $592 million in cash, before closing adjust...Read More
Dec 30 (Reuters) - Canadian stock futures edged higher on Friday, the last trading day of the year, helped by gains in metals prices.March futures on the S&P TSX index SXFc1 were up 0.03 percent at 7:15 a.m. ET.No economic data is scheduled for release. ECONCACanada's main stock index rose to its highest level since April 2015 on Thursday, helped by gold mining stocks. Jones Industrial Average e-m...Read More
Investing.com - Gold prices rose to a three-week high amid low-volume holiday trading on Friday, as the U.S. dollar pulled back, boosting the appeal of the yellow metal.Gold for February delivery on the Comex division of the New York Mercantile Exchange rose to a session peak of $1,164.25 a troy ounce, a level not seen since December 9.It was last at $1,160.50 by 3:41AM ET (9:41GMT), up $2.40, or...Read More
* Pan-European STOXX 600 ends 0.4 pct lower* Precious metals miners up as gold rises* Banking stocks feature among top fallers (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)By Atul Prakash and Kit ReesLONDON, Dec 29 (Reuters) - Britain's top share index posted its highest-ever closing level on T...Read More