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

World's second largest miner Rio Tinto (ASX, LON:RIO) is selling an aluminum smelter and hydro-electric power plants in Scotland to two affiliates of energy and metals group GFG Alliance for $410 million ( ?330m), as part of its efforts to cut debt.The deal comprises Rio's Alcan Aluminium UK Ltd. unit, which includes the operating aluminum smelter at Fort William, the hydroelectric facilities...Read More

President Trump plans on Making America Great Again. And to do this he plans on investing several-hundred billions of dollars into rebuilding and repairing infrastructure across the United States, including highways, bridges, tunnels, airports, schools, and hospitals.The policy was also proposed by Secretary Clinton, indicating broad bipartisan support in Congress for this investment. Infrastruc...Read More

(Adds quotes, detail)LUSAKA, Nov 23 (Reuters) - Zambia's copper production is expected to increase by 4 percent to 740,000 tonnes this year, the Chamber of Mines in Africa's second-largest producer of the metal said on Wednesday.A government forecast in February indicated Zambia's copper production will be around 700,000 tonnes this year and next year before rising to 1 million tonnes in 2018.Howe...Read More

* European stocks fail to match Wall Street records* Fed minutes to reinforce rate hike conviction* German bond yields bounce off lows on ECB loan plan* Gap between U.S.-German yields near 11-year high (Updates prices)By John GeddieLONDON, Nov 23 (Reuters) - European shares dipped and German bond yields briefly touched record lows on Wednesday, a contrast with the buoyant mood on Wall Street as in...Read More

* European stocks fail to match Wall Street records* Fed minutes to reinforce rate hike conviction* German bond yields hit lows despite strong data* Oil prices fall on OPEC deal doubtsBy John GeddieLONDON, Nov 23 (Reuters) - Financial markets showed the diverging path of U.S. and euro zone monetary policy on Wednesday with Wall Street breaking new ground and the dollar perched near a 14-year high,...Read More

Investing.com - Gold prices edged higher on Wednesday as the dollar hovered below almost 14-year highs against a currency basket as investors awaited the release of minutes from the Federal Reserve's policy meeting earlier this month.Gold for December delivery on the Comex division of the New York Mercantile Exchange were at $1,212.9 a troy ounce, holding above the lows of $1,201.30 set on Friday,...Read More

We got the very sad news today, Nov. 22, 2015, that Dave McGowan passed away from cancer at 12:47 p.m. - Truth and ShadowsWe missed the anniversary of McGowan's death, which was yesterday, but he was one helluva a writer, exposing in brief books the"directed history" of the modern era. So, we'll remember him today. We've written about him before, here.He died of an extremely aggressive form of l...Read More

To silence dissidents, Gulf states are revoking their citizenship Many are left stateless as a result. - The EconomistThe Economist "newspaper" is worried that nations are beginning to use passports as a way to punish people that leaders don't like.This article focuses mainly on the Middle East, especially Bahrain, which the article calls an "energetic stripper."More here:Bahrain's ... Sunni ro...Read More

We got the very sad news today, Nov. 22, 2015, that Dave McGowan passed away from cancer at 12:47 p.m. - Truth and ShadowsWe missed the anniversary of McGowan's death, which was yesterday, but he was one helluva a writer, exposing in brief books the"directed history" of the modern era. So, we'll remember him today. We've written about him before, here.He died of an extremely aggressive form of l...Read More

To silence dissidents, Gulf states are revoking their citizenship Many are left stateless as a result. - The EconomistThe Economist "newspaper" is worried that nations are beginning to use passports as a way to punish people that leaders don't like.This article focuses mainly on the Middle East, especially Bahrain, which the article calls an "energetic stripper."More here:Bahrain's ... Sunni ro...Read More

Commodities are back in favour, boosting oil producers and miners after their annus horribilis of 2015. The Bloomberg Commodity Index is set for its biggest three-day advance since June, led by gains in oil and industrial metals.Read moreRead More

Canada's Ivanhoe Mines (TSX:IVN) and its joint-venture partner Zijin Mining Group are transferring an additional 15% interest in their Kamoa-Kakula copper project to the DRC's government.Deal increases Congo's stake in the project, which Ivanhoe believes it could prove to be Africa's most significant copper deposit ever found, to 20%.The deal increases Congo's stake in the project, which Ivanhoe b...Read More

* Three main Wall Street indexes hit record highs for 2nd day* Dow tops 19,000, S&P 500 tops 2,200 for first time* Oil prices fall after touching highest of month* U.S. 2-year Treasury yields hit more than six-year high* Dollar near six-month high vs yen (Updates to close of European markets)By Sam ForgioneNEW YORK, Nov 22 (Reuters) - Wall Street's three main stock indexes hit record highs for a s...Read More

* Three main Wall Street indexes hit record highs for 2nd day* Dow tops 19,000, S&P 500 tops 2,200 for first time* Oil prices touch highest of month on planned production cuts* U.S. 2-year Treasury yields hit more than six-year high* Dollar near roughly six-month high vs yen (Updates to open of U.S. trading; changes byline, dateline, pvs LONDON)By Sam ForgioneNEW YORK, Nov 22 (Reuters) - U.S. and...Read More

* Dollar index falls back from last week's high* Greenback steady vs yen after earthquake-driven losses* Aussie biggest gainer, up half a percent after recent falls* Graphic: World FX rates in 2016 http://tmsnrt.rs/2egbfVhBy Patrick GrahamLONDON, Nov 22 (Reuters) - The dollar retreated from a six-month peak against the yen on Tuesday, while a push higher for copper and iron ore prices drove commod...Read More

Investing.com - Gold prices rose for a second day on Tuesday as the weaker dollar helped lift the precious metal off recent lows.Gold for December delivery on the Comex division of the New York Mercantile Exchange was last at $1,217.50 a troy ounce, after earlier rising as high as $1,220.85.On Monday, gold rose 0.82% after falling to lows of $1,201.30 on Friday, a level not seen since May 30.The U...Read More

* Dollar index falls back from last week's high* Greenback steady vs yen after earthquake-driven losses* Aussie biggest gainer, up 0.4 percent after recent falls (Updates after start of European trade)By Patrick GrahamLONDON, Nov 22 (Reuters) - The dollar retreated from a six-month high against the yen on Tuesday, while a push higher for copper and iron ore prices drove commodities-linked currenci...Read More

LONDON, Nov 22 (Reuters) - Metals and mining shares .SXPP climbed 3 percent on Tuesday underpinning a firm open for Europe's benchmark stock index .STOXX as the global reflation trade in the wake of Donald Trump's victory in the U.S. presidential election continued.The pan-European STOXX 600 index .STOXX rose 0.7 percent in early trades. The index is still down about 6 percent so far this year.In...Read More

(Adds close of U.S. markets, oil settlement prices)* Oil hits three-week high on OPEC prospects, weaker dollar* Copper up on expectations of more China demand* Dollar slips but stays close to highest since 2003* Major Wall St indexes close at recordBy Chuck MikolajczakNEW YORK, Nov 21 (Reuters) - U.S. stocks climbed on Monday to close at a record and European equity markets also moved higher as a...Read More

(Adds close of European markets)* Oil hits three-week high on OPEC prospects, weaker dollar* Copper up on expectations of more China demand* Dollar slips but stays close to highest since 2003* S&P sets intraday record, poised for closing recordBy Chuck MikolajczakNEW YORK, Nov 21 (Reuters) - U.S. stocks climbed on Monday to set a record peak and European equity markets also advanced, buoyed by str...Read More