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
The Martens find PropOrNot background ties to the billionaire Koch brothers, to the Lynde and Harry Bradley Foundation, to the Sarah Scaife Foundation (the Mellon fortune), ExxonMobil, US Senators Chris Murphy and Rob Portman, who tie into Citigroup and Goldman Sachs, "two Wall Street behemoths that would very much like to pivot the national debate to anything other than Wall Street power and...Read More
Calls Grow For A New Presidential Election To Be Held After Russia Meddled To Help Trump ... It is finally being said out loud, in public, on national television. America may need to hold a new presidential election after Russia interfered in the 2016 election to help Donald Trump. –PoliticusWe can see the tide building to challenge Trump before the Electoral College votes to install him...Read More
... Could Kentucky Senator Mitch McConnell get booted from office due to his alleged involvement with corruption related to the current Russia election scandal involving Donald Trump? Adding to the list of suspicious circumstances, Mitch McConnell's wife, Elaine Chao, was named as a Trump cabinet pick soon after McConnell allegedly dismissed the Russian hacker investigation. –Inquistr.comA...Read More
Calls Grow For A New Presidential Election To Be Held After Russia Meddled To Help Trump ... It is finally being said out loud, in public, on national television. America may need to hold a new presidential election after Russia interfered in the 2016 election to help Donald Trump. –PoliticusWe can see the tide building to challenge Trump before the Electoral College votes to install him...Read More
... Could Kentucky Senator Mitch McConnell get booted from office due to his alleged involvement with corruption related to the current Russia election scandal involving Donald Trump? Adding to the list of suspicious circumstances, Mitch McConnell's wife, Elaine Chao, was named as a Trump cabinet pick soon after McConnell allegedly dismissed the Russian hacker investigation. –Inquistr.comA...Read More
Investing.com - Gold prices touched fresh 10-month lows on Friday and the precious metal posted its fifth straight weekly decline as expectations for higher U.S. interest rates continued to weigh.Gold for February delivery settled down 0.94% at $1,161.4 on the Comex division of the New York Mercantile Exchange. It was the metals lowest close since February 5. For the week, gold was down 1.34%.The...Read More
EUROPE’S POPULIST REVOLT ... Donald Trump met with his first foreign ally just a few days after winning the U.S. presidency. But it wasn't one of the world's leading statesmen who got the invitation to Trump Tower. It was Nigel Farage, a man once considered a footnote in British politics-but who, in 2016, found himself on the snug inside of one of history's hairpin turns. –TIME, pers...Read More
EUROPE’S POPULIST REVOLT ... Donald Trump met with his first foreign ally just a few days after winning the U.S. presidency. But it wasn't one of the world's leading statesmen who got the invitation to Trump Tower. It was Nigel Farage, a man once considered a footnote in British politics-but who, in 2016, found himself on the snug inside of one of history's hairpin turns. –TIME, pers...Read More
Mining giant Rio Tinto (LON, ASX:RIO) has once again reshuffled its top management team, replacing a senior executive and adding a new member as the company deals with a probe into a questionable payment made to an external consultant over the Simandou iron ore project in Guinea.Chief executive officer Jean-S?(C)bastien Jacques, who took the helm less than six months ago, has appointed Vera Kirik...Read More
Republicans ready to launch wide-ranging probe of Russia, despite Trump's stance ... Congress is doubling down on promises to investigate Russia, after President-elect Donald Trump dismisses evidence that Russia was involved. - Washington PostIn the new year, Congress may authorize and urge wide-ranging investigations into the alternative media under the guise of claiming that non-mainstream re...Read More
Republicans ready to launch wide-ranging probe of Russia, despite Trump's stance ... Congress is doubling down on promises to investigate Russia, after President-elect Donald Trump dismisses evidence that Russia was involved. - Washington PostIn the new year, Congress may authorize and urge wide-ranging investigations into the alternative media under the guise of claiming that non-mainstream re...Read More
The copper price hit an 18-month high on an intraday basis last week as global manufacturing activity continues to pick up and hopes about US president-elect Trump's $500 billion infrastructure plans lift sentiment.While it's pulled back from those levels since, official customs data from China, responsible for some 45% of global consumption of the red metal, released on Thursday is seeing the...Read More
The Peruvian government has asked MMG to resubmit an environmental plan for its Las Bambas copper mine, in order to include more feedback from local communities.The country's vice president, Martin Vizcarra, noted the mine will be allowed to operate as usual while it prepares an "integral" environmental impact study, local paper La Rep??blica reports (in Spanish).Move is part of the new governm...Read More
Anglo American (LON:AAL) is facing increasing pressure to make a decision on its plans to sell or spin-off its iron ore, coal and manganese operations in South Africa next year.The world's number five diversified miner has already held talks with its biggest investor, the country's state-owned Public Investment Corp. (PIC), which was pressing Anglo to include its prized platinum assets in any plan...Read More
* World share markets climb for 4th day, Wall Street at record* ECB spooks bonds, euro jumps with plans to slow stimulus* China trade beats forecasts, commodity imports jump* Oil prices steady after slip, steel surge lifts iron ore* Graphic: World FX rates in 2016 http://tmsnrt.rs/2egbfVhBy Marc JonesLONDON, Dec 8 (Reuters) - A signal from the European Central Bank that it would slow its stimulus...Read More
* World share markets climb for 4th day, Wall Street at record* ECB to detail plans to extend stimulus* China trade beats forecasts, commodity imports jump* Euro unfazed as Moody's turns negative on Italy rating* Oil prices steady after slip, steel surge lifts iron ore* Graphic: World FX rates in 2016 http://tmsnrt.rs/2egbfVhBy Marc JonesLONDON, Dec 8 (Reuters) - World shares climbed to a three-mo...Read More
* World share markets climb for 4th day, Wall Street at record* ECB to detail plans to extend stimulus* China trade beats forecasts, commodity imports jump* Euro unfazed as Moody's turns negative on Italy rating* Oil prices steady after slip, steel surge lifts iron ore* Graphic: World FX rates in 2016 http://tmsnrt.rs/2egbfVhBy Marc JonesLONDON, Dec 8 (Reuters) - World shares climbed to a near thr...Read More
(Adds company news items, futures)Dec 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening between 16 and 25 points higher, or up as much as 0.4 percent on Thursday, according to financial bookmakers, with futures FFIc1 up 0.3 percent ahead of the cash market open.* The UK blue chip index was up 1.8 percent to 6,902.23 at its close on Wednesday, as investors snapped up bank and mining stoc...Read More
Dec 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening between 16 and 25 points higher, or up as much as 0.4 percent on Thursday, according to financial bookmakers.* The UK blue chip index was up 1.8 percent to 6,902.23 at its close on Wednesday, as investors snapped up bank and mining stocks and rotated out of more "defensive" parts of the market. GLENCORE: Russia said on Wednesday it s...Read More
MI6 Chief Says Fake News And Online Propaganda Are A Threat To Democracy ... The chief of MI6 has said he is deeply concerned by the threat posed by rival countries attempting to undermine democracy through propaganda and cyberattacks. –BuzzfeedThe next step in attacking the alternative media is to criminalize it.Right now the alternative media is under attack in Europe for "hate speech" and...Read More