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 largest mining company BHP Billiton (ASX, NYSE: BHP) (LON:BLT) sees electric cars as a major ally in boosting demand for copper, by far the poorest performer this year on the London Metal Exchange.The conventional internal combustion engine used in motor vehicles typically contains about 20 kilograms of copper, about half the total used in a hybrid vehicle, Vicky Binns, vice president,...Read More

In early trade on Tuesday copper for delivery in December touched one-month highs with copper futures exchanging hands for $2.2170 per pound ($4,887 a tonne).It was the seventh session in a row of gains for the red metal and the latest leg up was sparked by better than expected economic news out of China, responsible for nearly half the world's copper demand.Source: Singapore ExchangeChinese manu...Read More

Garibaldi Resources Corp. [GGI-TSXV] is an exploration company with properties in some of the most prospective mining regions of Mexico and British Columbia. At the company’s newly acquired Brass Hill area, within their expanded E&L Project, recent regional sampling of several sulphide and precious metal occurrences, “has returned exceptionally high zinc values and highly anomalous...Read More

The Stock Market Has a Favorite in the Election ... On the evening of Sept. 26, two interesting things happened. First, Hillary Clinton won a decisive debate victory over Donald Trump in the first presidential debate, as judged by prediction markets (and later, by polls). Second, financial markets abruptly experienced large, abnormal swings. Economists Justin Wolfers and Eric Zitzewitz have do...Read More

The Stock Market Has a Favorite in the Election ... On the evening of Sept. 26, two interesting things happened. First, Hillary Clinton won a decisive debate victory over Donald Trump in the first presidential debate, as judged by prediction markets (and later, by polls). Second, financial markets abruptly experienced large, abnormal swings. Economists Justin Wolfers and Eric Zitzewitz have do...Read More

Shares in Canadian zinc producer Trevali Mining (TSX:TV) jumped more than 4% Monday after the company announced the discovery of a new high-grade zinc-lead-silver mineralization at its Santander mine, located in Peru.The stock was trading at Cdn$1.03 at 11:48 am ET, ore 4.04% more than its closing price on Friday and year to date it has more than double in value.The new high-grade zinc-lead-silve...Read More

Management consultants E&Y's latest report on mergers and acquisition and financing in the mining industry shows the environment for raising capital has been in steady decline since 2013 and the trend is likely to continue.Total capital raised during the quarter was $49.9 billion, down 17% from $60 billion in Q2. Capital raised was also down 3% to $172.2 billion in the first nine months of the yea...Read More

Looking south east over the Black Star Open Cut pit towards Glencore Mount Isa Mines surface infrastructure and the city of Mount IsaApart from steelmaking raw materials iron ore and coking coal, zinc is the best performing mined commodity in 2016. Trading at $2,374 a tonne, the metal is up 47% year to date.Zinc's prospects brightened considerably after the shutdown of two major mines last year -...Read More

The rise of paranoid politics could make America ungovernable - and the FBI is fuelling the fire ... Nothing can disprove the fears of a paranoiac. Indeed, everything confirms them ... It takes away politicians' incentive to understand one another and get things done. It says that if you scream loud enough, established norms will buckle under the pressure. And while those norms might be annoyi...Read More

The rise of paranoid politics could make America ungovernable - and the FBI is fuelling the fire ... Nothing can disprove the fears of a paranoiac. Indeed, everything confirms them ... It takes away politicians' incentive to understand one another and get things done. It says that if you scream loud enough, established norms will buckle under the pressure. And while those norms might be annoyi...Read More

Four Steps to Save American Politics ... Donald Trump has taken a battering ram to longstanding political norms — the unwritten conventions that make governance possible ... Immediately after the election, one of the most pressing questions will be how to restore them. To answer that question ... what are the minimal norms on which we might agree? Here are four suggestions. -BloombergCass R....Read More

Four Steps to Save American Politics ... Donald Trump has taken a battering ram to longstanding political norms — the unwritten conventions that make governance possible ... Immediately after the election, one of the most pressing questions will be how to restore them. To answer that question ... what are the minimal norms on which we might agree? Here are four suggestions. -BloombergCass R....Read More

Activists in the Democratic Republic of Congo are pressing the government to revive plans for a new mining code, claiming the country, which is Africa's top copper producer and the world's largest source of cobalt, needs the higher revenues a revised legislation would generate.Congo began reviewing the 2002 mining code in 2012 and last year it proposed hiking profit taxes to 35% from 30%, raising...Read More

"We believe Seabridge provides investors with ownership in one of the most strategically compelling and prolific copper?EUR?gold projects in the world, the KSM project in BC, at one of the lowest market caps per ounce to the investor," analyst Don MacLean wrote in an Oct. 26 research report on Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT).Seabridge announced the new PEA for KSM in an Oct. 6 press rel...Read More

Global energy markets will need around $50 trillion in new investment to fund expected growth in energy demand over the next two decades, according to one of Australia's pre-eminent business and industry experts.Such investment would be needed to fund an energy market expected to grow by 40% through until 2035 - with that higher consumption continuing to rely in part on baseload fossil fuels.The f...Read More

Half Of Americans Believe 9/11 Conspiracy Theories ... "The United States is a strongly conspiratorial society." ... A majority of Americans believe that the government is concealing information about the 9/11 attacks, one new survey suggests. And that's not the only conspiracy theory believed by a wide swath of Americans: Around 40 percent believe the government is hiding information abou...Read More

Half Of Americans Believe 9/11 Conspiracy Theories ... "The United States is a strongly conspiratorial society." ... A majority of Americans believe that the government is concealing information about the 9/11 attacks, one new survey suggests. And that's not the only conspiracy theory believed by a wide swath of Americans: Around 40 percent believe the government is hiding information abou...Read More

The board of directors at Brazilian mining giant Vale (NYSE:VALE), the world's largest iron ore producer, has approved the sale of the firm's fertilizer business, amid a global oversupply of potash that has caused prices to tumble in the past year, leading to layoffs and mine closures across the sector.With the deal, Vale is expected to fetch about $ 3.5 billion.According to local newspaper Valo...Read More

Canada's largest diversified miner, Teck Resources (TSX:TCK.B) (NYSE:TCK) logged Thursday better-then-expected quarterly revenue thanks mainly to a sustained rally in coking coal as well as the firm's cost-cutting measures implemented in the three months to Sept. 30The Vancouver-based company, the best-performing Canadian stock in seven years, swung to a profit of Cdn$234 million ($174.9 million...Read More

Energy Fuels Resources resumed shaft sinking operations at Canyon Mine in November last year. (Image courtesy of US Forest Service)Canada's Energy Fuels (NYSE MKT: UUUU; TSX: EFR), the largest conventional uranium producer in the US, has discovered high-grade copper at its Canyon project in northern Arizona, which is already the highest grade uranium mine being developed in the country.With this...Read More