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

Investing.com - Gold prices bounced off the previous session's ten-month lows on Friday, but gains were expected to remain limited as the Federal Reserve's decision to raise interest rates this week continued to lend broad support to the U.S. dollar.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery were up 0.56% at $1,136.15, off Thursday's 10-month trou...Read More

(Adds futures, company news)Dec 16 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 6 points on Friday, according to financial bookmakers, with futures FFIc1 down 0.11 percent ahead of the cash market open.* The UK blue chip index closed up 0.7 percent on Thursday at 6999.01, helped by stronger banking stocks and Centrica CNA.L , although mining companies fell after the U.S. Federal...Read More

Dec 16 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 6 points on Friday, according to financial bookmakers.* The UK blue chip index closed up 0.7 percent on Thursday at 6999.01, helped by stronger banking stocks and Centrica CNA.L , although mining companies fell after the U.S. Federal Reserve raised interest rates. ANGLO AMERICAN/DE BEERS: Anglo American Plc's AAL.L De Beers s...Read More

 Trump Floats Ban on Defense Firms Hiring Military Procurement Officials ... US President-elect Donald Trump on Friday said he was considering imposing a lifetime ban on US military procurement officials going to work for defense contractors, a move that could dramatically reshape the defense industry. -ReutersPresident-elect Donald Trump has said Boeing & Co. prices are ridiculous and...Read More

 Trump Floats Ban on Defense Firms Hiring Military Procurement Officials ... US President-elect Donald Trump on Friday said he was considering imposing a lifetime ban on US military procurement officials going to work for defense contractors, a move that could dramatically reshape the defense industry. -ReutersPresident-elect Donald Trump has said Boeing & Co. prices are ridiculous and...Read More

A confrontation between local indigenous peoples and police at a mine in Ecuador has forced a state of emergency.According to media reports, members of the Shuar people attacked the Exploracobres copper mine, killing at least one policeman and wounding several others.About 60 were believed to be involved in the attack; they accuse the mine and its Chinese owner of encroaching on their territory....Read More

US Federal regulators took back Thursday Twin Metals' federal minerals leases for copper and nickel mining in northern Minnesota, saying production there poses a risk to wilderness in the region.According to the Department of Interior and the Department of Agriculture, the vast underground mine proposed along the Kawishiwi River is simply too close to the Boundary Waters Canoe Area Wilderness (B...Read More

Zinc producer Nyrstar (EBR:NYR) is moving ahead with its plans to move away from mining by offloading a multimetallic mine in Peru and various claims in Quebec to subsidiaries of Glencore (LON:GLEN).The transactions, worth $26 million, are part of the mining assets sale process formally launched in January this year, which includes the completed sale of the El Toqui mine in Chile and the announced...Read More

PropOrNot: Evidence of a CIA Psychological Operation ... On November 24, The Washington Post published a story citing the anonymous group PropOrNot. The story accused the Russians of building a large propaganda operation that worked to defeat Hillary Clinton and elect "insurgent candidate" Donald Trump. It claimed a large number of alternative news websites are acting as Russian agents, dupes, and...Read More

PropOrNot: Evidence of a CIA Psychological Operation ... On November 24, The Washington Post published a story citing the anonymous group PropOrNot. The story accused the Russians of building a large propaganda operation that worked to defeat Hillary Clinton and elect "insurgent candidate" Donald Trump. It claimed a large number of alternative news websites are acting as Russian agents, dupes, and...Read More

Canada's Turquoise Hill Resources (TSX, NYSE:TRQ), which is 51% owned by Rio Tinto and holds two-thirds of the massive Oyu Tolgoi copper-gold mine in Mongolia, said Wednesday it had resumed concentrate shipments from the operation to China.The Vancouver-based miner said that after two weeks of talks with Mongolian and Chinese authorities, Oyu Tolgoi has been allowed to restart shipping ore across...Read More

New Zealand's seafloor organisms are not protected enough from potential deep-sea mining activities, a study by a researcher working with the country's National Institute of Water and Atmospheric Research shows.Rachel Boschen, who graduates with a PhD in Marine Biology from the Victoria University of Wellington on Wednesday, says that while there is increasing interest in mining for Seafloor Massi...Read More

Congressional Query Into Russian Meddling Could Revive Bipartisan Oversight On Washington ... Senator John McCain, Republican of Arizona, has said he would conduct an investigation into Russian interference with the election within the Armed Services Committee, of which he is chairman. -New York TimesThe CIA. The Koch Brothers and parts of Congress seem to support PropOrNot's extensive list of 2...Read More

Congressional Query Into Russian Meddling Could Revive Bipartisan Oversight On Washington ... Senator John McCain, Republican of Arizona, has said he would conduct an investigation into Russian interference with the election within the Armed Services Committee, of which he is chairman. -New York TimesThe CIA. The Koch Brothers and parts of Congress seem to support PropOrNot's extensive list of 2...Read More

The recent and sustained rally in copper prices has prompted Canadian Capstone Mining (TSX:CS) to attempt hiring back most of the workers it had to lay off in October at its Minto mine, Yukon's only copper operation..The Vancouver-based miner is asking the territorial government to approve an amendment to its mining plan, which would allow it to start a new open pit on the property, Yukon News rep...Read More

Copper prices, which have been in steady decline since 2011, thanks to China's slowing economic growth, have been on a tear lately, lifting both the stock prices for B.C. copper mining companies and the hopes of developers with new copper projects in the pipeline.A 30% increase in copper prices between October 24 and November 28 has been dubbed the "Trump rally" on the assumption the price rise ha...Read More

(Adds company news item, updates futures and news item)Dec 13 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 5 points higher, or up 0.07 percent on Tuesday, according to financial bookmakers, with futures FFIc1 up 0.2 percent ahead of the cash market open.* The UK blue chip index closed 0.9 percent lower on Monday at 6,890.42, with outsourcing group Capita CPI.L extending its recent lo...Read More

Dec 13 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 5 points higher, or up 0.07 percent on Tuesday, according to financial bookmakers.* The UK blue chip index closed 0.9 percent lower on Monday at 6,890.42, with outsourcing group Capita CPI.L extending its recent losses and precious metals miners tracking a fall in gold prices to 10-month lows. GLENCORE: Glencore Plc GLEN.L and Nip...Read More

(Adds futures, company news items)Dec 12 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 18 points at 6,972 on Monday, according to financial bookmakers, with futures FFIc1 up 0.04 percent ahead of the cash market open.* The UK blue chip index closed 0.3 percent higher on Friday at 6,954.21, recording its biggest weekly rise in five months, as it received a boost when Sky SKYB.L shar...Read More

Dec 12 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 18 points at 6,972 on Monday, according to financial bookmakers.* The UK blue chip index closed 0.3 percent higher on Friday at 6,954.21, recording its biggest weekly rise in five months, as it received a boost when Sky SKYB.L shares surged by more than 25 percent on a takeover approach from Twenty-First Century Fox FOXA.O . SKY:...Read More