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

* Stocks fall, oil hit by stronger greenback* Best two weeks for USD since March 2015 (Updates throughout with U.S. market action, changes dateline from LONDON)By Rodrigo CamposNEW YORK, Nov 18 (Reuters) - The U.S. dollar climbed on Friday to its highest level since 2003 on continued bets on faster inflation and higher interest rates, while Treasuries resumed a selloff that left benchmark yields o...Read More

(Updates futures, adds company news item)Nov 18 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 2 points on Friday, according to financial bookmakers, with futures FFIc1 up 0.28 percent ahead of the cash market open.* The UK blue chip index closed 0.7 percent higher on Thursday, helped by gains among mining firms. NATIONWIDE: Nationwide Building Society POB_p.L reported a 23 percent...Read More

Nov 18 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 2 points on Friday, according to financial bookmakers.* The UK blue chip index closed 0.7 percent higher on Thursday, helped by gains among mining firms. RIO TINTO: The government of Guinea has called on Rio Tinto RIO.AX RIO.L to spell out what exactly it has discovered in an internal investigation into payments made to an advi...Read More

Barack Obama on fake news: ‘We have problems’ if we can’t tell the difference The US president denounced the spate of misinformation across social media platforms, including Facebook, suggesting American politics can be affected. -GuardianIs fake news the new "conspiracy theory." We’ve read that it may be, and it seems likely to us.That’s because "conspiracy theory" h...Read More

Well now!! i was a pilot of a B 29, on the raids of both Hiroshima and Nagasaki. i am 96 years old. Yes we firebombed these cities as well as Tokyo. But there were A bombs dropped on the two cities in question. -ALPHAMEG feedback to DB articleWe've written numerous articles referring to the Pentagon's lies about its nuclear program - both today and over the past 65 years or so. Now someone (see e...Read More

Barack Obama on fake news: ‘We have problems’ if we can’t tell the difference The US president denounced the spate of misinformation across social media platforms, including Facebook, suggesting American politics can be affected. -GuardianIs fake news the new "conspiracy theory." We’ve read that it may be, and it seems likely to us.That’s because "conspiracy theory" h...Read More

Well now!! i was a pilot of a B 29, on the raids of both Hiroshima and Nagasaki. i am 96 years old. Yes we firebombed these cities as well as Tokyo. But there were A bombs dropped on the two cities in question. -ALPHAMEG feedback to DB articleWe've written numerous articles referring to the Pentagon's lies about its nuclear program - both today and over the past 65 years or so. Now someone (see e...Read More

During his campaign Donald Trump promised to push through a $500 billion spending program to build bridges, roads, railways, schools and hospitals early next year and the president elect has aspirations of $1 trillion in infrastructure build-out in the US over the next decade.The surge in industrial metals prices and steelmaking raw materials following the surprise victory of Trump has definitely...Read More

The surge in the copper price to near 18-month highs following Donald Trump's win in the US presidential election came as a surprise to an industry under pressure since 2011 over growing supply.The bullishness about the impact of Trump's $500 billion infrastructure plans on demand for the bellwether metal has cooled down considerably.Source: FocusEconomicsIn pre-regular hours trade on Thursday...Read More

(Adds company news items, futures)Nov 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 19 to 21 points, or as much as 0.3 percent, on Thursday, according to financial bookmakers, with futures FFIc1 up 0.16 percent ahead of the cash market open.* The UK blue chip index ended down 0.6 percent on Wednesday after gaining in the previous two sessions, with companies such as jet engine m...Read More

Nov 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 19 to 21 points higher, or up as much as 0.3 percent on Thursday, according to financial bookmakers.* The UK blue chip index ended down 0.6 percent on Wednesday after gaining in the previous two sessions, with companies such as jet engine maker Rolls-Royce RR.L and the country's biggest housebuilder Barratt BDEV.L slipping. ANGLO AM...Read More

* Dollar index hits highest level since early 2003 (Updates prices, comments)By Rodrigo CamposNEW YORK, Nov 16 (Reuters) - The U.S. dollar index touched a near 14-year high on Wednesday, while oil prices fell in a volatile session as traders were caught between a build in U.S. stockpiles and the chance of an agreement in an output cut.Declines in bank stocks more than offset gains in the technolog...Read More

Donald Trump will often be mocked in the coming months as the anti-elitist, anti-establishment disruptor of politics who wants to lower taxes on the elite and who is not above hiring establishment figures such as Republican National Committee Chairman Reince Priebus for his team. The mockery will mostly be misplaced simply because the terms “elite” and “establishment” are u...Read More

Trump Versus the Pentagon ... On the campaign trail, Trump called the military a "disaster" ... He pledged to vastly increase the sizes of the Army and Marines and to buy scores of new ships and planes. Does that make sense? - BloombergWe'll answer Bloomberg's question: No it doesn't make sense. America doesn't need a bigger military anymore than it needs a bigger prison system.The American...Read More

Donald Trump will often be mocked in the coming months as the anti-elitist, anti-establishment disruptor of politics who wants to lower taxes on the elite and who is not above hiring establishment figures such as Republican National Committee Chairman Reince Priebus for his team. The mockery will mostly be misplaced simply because the terms “elite” and “establishment” are u...Read More

Trump Versus the Pentagon ... On the campaign trail, Trump called the military a "disaster" ... He pledged to vastly increase the sizes of the Army and Marines and to buy scores of new ships and planes. Does that make sense? - BloombergWe'll answer Bloomberg's question: No it doesn't make sense. America doesn't need a bigger military anymore than it needs a bigger prison system.The American...Read More

About 100 hooded protesters have illegally entered Anglo American's Los Bronces copper mine in central Chile, seizing installations and setting up flaming barricades.The global miner blamed a group of contractors and "unidentified people" for the violent occupation of parts of the mine and the takeover of outbuildings and trucks."This situation creates a serious risk to the safety and physical in...Read More

Gecamines, the Democratic Republic of Congo's state-owned copper producer, said on Wednesday it "strongly opposes" Lundin Mining's (TSX:LUN) decision to sell its 24% stake in the Tenke Fungurume mine to a Chinese private equity firm.Congo is one of the world's top copper producers, but foreign companies rather than Gecamines mine most of the industrial metal. The state-owned miner has long argued...Read More

Global Witness on Monday revealed that Gecamines, the state mining company of the Democratic Republic of Congo last year signed over royalty rights in the Kamoto Copper Company (KCC) owned and operated by Switzerland's Glencore to offshore company African Horizons which is linked to with Dan Gertler, Israeli financier who has extensive dealing in the DRC.The London-based human rights organization...Read More

* Dollar index hits 14-year high, last little changed* Bond selling resumes after brief pause* Yield jump stops stocks in their tracks (Updates with U.S. open, changes comment, dateline from previous LONDON)By Rodrigo CamposNEW YORK, Nov 16 (Reuters) - The U.S. dollar index dipped after hitting a near 14-year high on Wednesday while oil prices swung in a volatile session as traders were caught bet...Read More