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

While precious metals (with the exception of palladium) have suffered a deep sell-off since the surprise outcome of the US presidential elections, the rally in industrial metals seems only to be gaining momentum.The copper price added 7.7% last week, while nickel rose more than 6% and tin continued its good run. Both zinc and lead enjoyed double digit gains with the former reaching a near nine-y...Read More

It appears the Turkish government is attempting to suppress criticism of a mine disaster last weekend that killed 12 miners and left four still missing.The Guardian reports that Turkish authorities detained a journalist working for the BBC's Turkish-language service in southeastern Turkey. The female reporter was apparently attempting to speak with relatives of the miners who died at the mine. No...Read More

Investing.com - Gold prices closed at the lowest level in nine months on Friday as expectations for higher U.S. interest rates continued to cloud the demand outlook for the precious metal.Gold for December delivery settled down 0.53% at $1,183.00 on the Comex division of the New York Mercantile Exchange, the lowest close since February 5.Safe haven demand for gold has been hit since the U.S. presi...Read More

Don’t Entrust Economics to the Experts ... Why has so much of the world succumbed to populist demagoguery and xenophobic nationalism? To a non-trivial extent, economists may be responsible. This idea finds some support in a new book, “The Econocracy,” written by three U.K. economics students — Joe Earle, Cahal Moran and Zach Ward-Perkins. – BloombergAustrian economi...Read More

Don’t Entrust Economics to the Experts ... Why has so much of the world succumbed to populist demagoguery and xenophobic nationalism? To a non-trivial extent, economists may be responsible. This idea finds some support in a new book, “The Econocracy,” written by three U.K. economics students — Joe Earle, Cahal Moran and Zach Ward-Perkins. – BloombergAustrian economi...Read More

Legalized Marijuana Could Drive A New Tech Boom … The revolution to legalize marijuana is marching slowly-but steadily-forward. Half of the states in the United States plus the District of Columbia have legalized marijuana or cannabis for medical use, and more states are legalizing recreational use with each election cycle. – ForbesThis Forbes article reminds us of how much progress ma...Read More

Legalized Marijuana Could Drive A New Tech Boom … The revolution to legalize marijuana is marching slowly-but steadily-forward. Half of the states in the United States plus the District of Columbia have legalized marijuana or cannabis for medical use, and more states are legalizing recreational use with each election cycle. – ForbesThis Forbes article reminds us of how much progress ma...Read More

By Melanie BurtonMELBOURNE, Nov 25 (Reuters) - A plan by Zambia to put a duty on copper concentrates imports could put a kink in the global supply chain for the metal, industry sources said, by forcing neighbouring Democratic Republic of Congo (DRC) to send surplus mine output elsewhere.The 7.5 percent duty announced earlier this month and due to come into force at the start of 2017, is likely to...Read More

By Manolo Serapio JrMANILA, Nov 25 (Reuters) - Surging volatility in China's iron ore futures is sending global prices on a roller-coaster ride, spelling risks for traders and steel mills, some of whom are losing faith in a market swayed by speculative Chinese money.Amid wild swings in futures, spot iron ore prices .IO62-CNO=MB surged by a record 23 percent in the second week of November, only to...Read More

China's Chinalco, the country's main mining company, has inked a preliminary deal with Peru's government to expand Toromocho copper mine, the Asian nation's largest overseas copper project.The move is part of a series of agreements signed this week that will see China pouring close to $5.3 billion into Peru's mining and energy sector, Andina news agency reported.Move is part of a series of agreeme...Read More

Copper, until recently one of the worst performing commodities in the past two year, is having a great month, with prices up about 20% to more than $5,700 a tonne Thursday.The rally, which began on the heels of Donald Trump winning in the US presidential election, has been partly based on speculation regarding the impact of the President-elect's $500 billion infrastructure plans on demand for the...Read More

* Dollar index near 14-year high after upbeat U.S. data* Yen and euro pressured* Emerging market central banks seen intervening* Yuan near 7 per dollar level for first time since May 2008* India's rupee, Turkish lira at record low after rate rise* Prospects of China, U.S. inflation buoy copper, zinc* Crude oil little changed amid OPEC meeting uncertaintyBy Marc JonesLONDON, Nov 24 (Reuters) - The...Read More

* Dollar index near 14-year high after upbeat US data* Yen, euro, emerging market cen banks seen intervening* Yuan near 7 per dollar level for first time since May 2008* India's rupee, Turkish lira at record low* Prospects of China, U.S. inflation buoy copper, zinc* Crude oil little changed amid OPEC meeting uncertaintyBy Marc JonesLONDON, Nov 24 (Reuters) - The dollar surged to a near 14-year hig...Read More

Investing.com - Gold prices eased on Thursday after falling to their lowest levels since February as the dollar paused after surging to fresh 14-year peaks.Gold for December delivery was trading at $1,187.55 a troy ounce by 0946 GMT, after earlier falling as low as $1,179.75, a level not seen since February 8.The U.S. dollar index, which measures the greenback's strength against a trade-weighted b...Read More

(Adds company news items, futures)Nov 24 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 4 points, on Thursday, according to financial bookmakers, with futures FFIc1 up 0.22 percent ahead of the cash market open.* The UK blue chip index ended flat on Wednesday after a choppy day, with individual sectors diverging as finance minister Philip Hammond delivered the biggest economic upd...Read More

Nov 24 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 4 points, on Thursday, according to financial bookmakers.* The UK blue chip index ended flat on Wednesday after a choppy day, with individual sectors diverging as finance minister Philip Hammond delivered the biggest economic update since Britain voted in June to leave the European Union. BRITAIN BUDGET: Britain has ramped up i...Read More

Merkel Blames Populist Gains on Rise of 'Fake News' ... This week Merkel blamed "fake news" in driving the rise of populism in the West. It looks like the left is just going to blame "fake news" every time they lose their grip on power. – Gateway PunditThe elite is leveraging its "populism versus globalism" meme by declaring that populism is closely linked to "fake news."We've written numero...Read More

Merkel Blames Populist Gains on Rise of 'Fake News' ... This week Merkel blamed "fake news" in driving the rise of populism in the West. It looks like the left is just going to blame "fake news" every time they lose their grip on power. – Gateway PunditThe elite is leveraging its "populism versus globalism" meme by declaring that populism is closely linked to "fake news."We've written numero...Read More

Robert Friedland, executive chairman of Ivanhoe Mines (TSX:IVN), and CEO Lars-Eric Johansson, announced today that excellent progress has been made by Ivanhoe in upgrading and modernizing the Kipushi Mine's shafts, pumping stations and underground infrastructure as part of the plan to prepare the mine for the restart of commercial production. The mine now has clear and safe access to all of the ma...Read More

Bob Moriarty of 321 Gold highlights BCGold, a company that he believes its promising land package in Peru makes it a good buy in this market.Almost ten years ago I went to central Peru some sixty-five miles east of Lima to see an area that had been abandoned when the Shining Path guerillas moved in. The Chanape Mining District was home to some of the best mining projects and mines in Peru. All w...Read More