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

* Nikkei soars 2.8 pct on the week* Non-ferrous metal stocks higher on rising copper price* Nikkei trims gains on profit-takingBy Ayai TomisawaTOKYO, Nov 11 (Reuters) - Japan's Nikkei stood firmer on Friday, not far a nine-month high, as investors took profit after markets rose on hopes that President-elect Donald Trump's policies could boost growth.The Nikkei .N225 gained 0.2 percent to 17,374.79...Read More

Nov 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 8 points on Friday, according to financial bookmakers.* The UK blue chip index fell 1.2 percent on Thursday, breaking a three-day climb and retreating from its highest level since late October as gold miners and defensive stocks slipped amid expectations of a big U.S. economic stimulus based on President-elect Donald Trump's pled...Read More

* Non-ferrous metal stocks higher on rising copper price* Nikkei trims gains in mid-morning trade* Hopes Trump policies could boost U.S. growthBy Ayai TomisawaTOKYO, Nov 11 (Reuters) - Japan's Nikkei share average rose to a nine-month peak on Friday morning led by financials taking heart from rising yields, and sentiment was boosted after U.S. shares soared on hopes that President-elect Donald Tru...Read More

* Tech weakness weighs on Wall Street* Bond yields continue to rise* Dollar strength weighs on oil, gold (Adds close of U.S. markets, oil settlement prices)By Chuck MikolajczakNEW YORK, Nov 10 (Reuters) - A rally in major world stock markets lost some steam on Thursday despite a continued surge in bank shares, as investors reassessed positions, while U.S. bond yields continued to climb on the like...Read More

* Tech weakness weighs on Wall Street* Bond yields continue to rise* Dollar strength weighs on oil, gold (Adds close of European markets)By Chuck MikolajczakNEW YORK, Nov 10 (Reuters) - A rally in major world stock markets lost some steam on Thursday as investors reassessed positions after a rally in the prior session, while U.S. bond yields continued to climb on fears of a revival in inflation un...Read More

Trump: I'm Reopening 9/11 Investigation ... "First of all, the original 9/11 investigation is a total mess and has to be reopened," Trump said ... Donald Trump believes that 9/11 has not been properly investigated and has promised to find out what really happened when he takes office in January. Donald Trump's plans for his first 100 days in office are raising eyebrows around the world, but of a...Read More

Trump: I'm Reopening 9/11 Investigation ... "First of all, the original 9/11 investigation is a total mess and has to be reopened," Trump said ... Donald Trump believes that 9/11 has not been properly investigated and has promised to find out what really happened when he takes office in January. Donald Trump's plans for his first 100 days in office are raising eyebrows around the world, but of a...Read More

South Africa's Harmony Gold (JSE:HAR) (NYSE:HMY), the world's fifth largest producer of the precious metal, has kicked off its 2017 financial year on a good note, reporting increased production, stronger cash flows and the payment of a shareholder dividend.The company, which is also South Africa's third-largest gold miner, said revenue jumped by 16% to $374 million when compared to the previou...Read More

Operations at Hudbay Minerals' (TSX, NYSE:HBM) Constancia copper-molybdenum mine in Peru remained suspended Thursday as a group of locals that has occupied parts of the pit since Monday evening refuse to leave the site.The trespassing by the crowd of about a thousand, according to local paper La Republica (in Spanish), forced Hudbay to temporarily suspend operations as a safety measure to protect...Read More

While the gold price has given up much of its initial surge following Donald Trump's victory in the US presidential elections, staying stuck below $1,300 early on Thursday, the rally in industrial metals were only gaining momentum.In pre-regular hours trade on Thursday copper for delivery in December jumped more than 10 cents from Wednesday trading as high as $2.5910 per pound ($5,712 a tonne...Read More

* Tech weakness weighs on Wall Street* Bond yields continue to rise* Dollar strength weighs on oil, gold (Updates to U.S. market open; changes byline, dateline; previous LONDON)By Chuck MikolajczakNEW YORK, Nov 10 (Reuters) - A rally in major world stock markets stalled on Thursday as investors reassessed positions after Tuesday's U.S. presidential election, while U.S. bond yields continued to cli...Read More

After Trump & Brexit, populist tsunami threatens European mainstream ... Back in May, when Donald's Trump's victory in the U.S. presidential election seemed the remotest of possibilities, a senior European official took to Twitter before a G7 summit in Tokyo to warn of a "horror scenario". Imagine, mused the official, if instead of Barack Obama, Francois Hollande, David Cameron and Matteo...Read More

After Trump & Brexit, populist tsunami threatens European mainstream ... Back in May, when Donald's Trump's victory in the U.S. presidential election seemed the remotest of possibilities, a senior European official took to Twitter before a G7 summit in Tokyo to warn of a "horror scenario". Imagine, mused the official, if instead of Barack Obama, Francois Hollande, David Cameron and Matteo...Read More

The American voters have Brexited, leaving behind their global dominance America has Brexited. It's an imperfect comparison. The United States can't leave itself. But on Wednesday, with the election of Donald Trump, it withdrew from a number of agreements it long ago entered, some more enduring than others. The American people have voted to leave behind the late 20th century consensus on f...Read More

The American voters have Brexited, leaving behind their global dominance America has Brexited. It's an imperfect comparison. The United States can't leave itself. But on Wednesday, with the election of Donald Trump, it withdrew from a number of agreements it long ago entered, some more enduring than others. The American people have voted to leave behind the late 20th century consensus on f...Read More

Ecuador may soon welcome mining majors BHP Billiton (ASX:BHP) and Hancock Prospecting after country authorities qualified recent talks with such companies as positive.Ecuador began last month granting licences for new exploration areas, with over 300 of them to be awarded by year-end.According to Mining Minister Javier Cordova Unda, BHP is keen on a few copper projects, including one that would im...Read More

In early trade on Tuesday copper for delivery in December held onto six-month highs with copper futures exchanging hands for $2.3085 per pound in New York and topping $5,000 a tonne in London dealings for the first time since end-April.Copper has risen during 11 of the last 12 trading sessions, adding nearly 11% in two weeks. While other industrial metals and steelmaking raw materials have jumpe...Read More

What's wrong with Hillary Clinton's brand? ... As momentous an occasion as this should be for women around the world, Ms. Clinton would begin her term in the Oval Office with her unpopularity ratings at near-record levels. All of which leads to the question: What's wrong with Brand Hillary? – The Globe and MailIn the run-up to today's election, many articles on Hillary in the mainstrea...Read More

What's wrong with Hillary Clinton's brand? ... As momentous an occasion as this should be for women around the world, Ms. Clinton would begin her term in the Oval Office with her unpopularity ratings at near-record levels. All of which leads to the question: What's wrong with Brand Hillary? – The Globe and MailIn the run-up to today's election, many articles on Hillary in the mainstrea...Read More

Shares in Seabridge Gold (TSX:SEA) (NYSE:SA) were being hammered Monday after the Canadian explorer revealed results of new preliminary studies which show the cost of building its massive gold-copper project in northern British Columbia, would be about $5 billion.While the KSM project is considered the world's largest undeveloped gold-copper project by reserves, the amount needed to turn it int...Read More