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

Canada's Lundin Mining (TSX:LUN) shares were trading moderately higher Thursday after the company announced it had been granted a two week extension to bid on Freeport-McMoRan's (NYSE:FCX) stake in the Tenke Fungurume copper and cobalt mine, in Congo.The Toronto-based miner originally had until today to decide whether to allow Freeport-McMoRan to proceed with the agreed sale of it stake in Tenk...Read More

Canada's Barrick Gold Corp (TSX, NYSE:ABX) confirmed Thursday a new spill at its Veladero mine in the San Juan province of Argentina and said it has temporarily suspended operations pending further inspections of the mine's heap leach area.The fresh spill happened on Sep. 8, when a pipe carrying process solution in the heap leach area was struck by a large block of ice that had rolled down the he...Read More

Billionaire businessman Mark Cuban, a fierce supporter of Hillary Clinton, said the Democratic nominee’s recent health episode is being overblown. “It’s not crazy, it’s lazy,” he told Business Insider in a Monday interview regarding coverage of Clinton’s pneumonia. -Business InsiderIt's a battle of memes and elite dispensers are growing irritated and increasin...Read More

A giant problem The rise of the corporate colossus threatens both competition and the legitimacy of business ... DISRUPTION may be the buzzword in boardrooms, but the most striking feature of business today is not the overturning of the established order. It is the entrenchment of a group of superstar companies at the heart of the global economy. -The EconomistThe Economist provides pre-eminent...Read More

Billionaire businessman Mark Cuban, a fierce supporter of Hillary Clinton, said the Democratic nominee’s recent health episode is being overblown. “It’s not crazy, it’s lazy,” he told Business Insider in a Monday interview regarding coverage of Clinton’s pneumonia. -Business InsiderIt's a battle of memes and elite dispensers are growing irritated and increasin...Read More

A giant problem The rise of the corporate colossus threatens both competition and the legitimacy of business ... DISRUPTION may be the buzzword in boardrooms, but the most striking feature of business today is not the overturning of the established order. It is the entrenchment of a group of superstar companies at the heart of the global economy. -The EconomistThe Economist provides pre-eminent...Read More

A new report by BMI Research, a Fitch company, shows despite South Africa's many setbacks and challenges the country will continue to dominate mining in sub-Sahara Africa.BMI says outlook for mineral production, trade and consumption will vary significantly across the region with C??te d'Ivoire and the Democratic Republic of Congo (DRC) recording the strongest economic growth rates due to a combin...Read More

Peru's copper output jumped to 207,867 mt in July of 2016, an almost 30% growth from last year's production of 155,313 million tonnes, recent data published by the country's Energy and Mines Ministry shows (in Spanish).The surge, said authorities, was driven by increased activity at different sites: Antamina, Freeport-McMoRan's Cerro Verde mine, Glencore's Antapaccay, Chinalco's Toromocho, Hu...Read More

BriefTrump Says Janet Yellen Is Keeping Interest Rates Low So President Obama Can Play Golf ... After months of surprising restraint, Donald Trump has finally started spewing conspiracy theories about the Federal Reserve. -SlateSlate writers and editors seem to believe criticism of central banking is "conspiracy theory." Specifically Donald Trump's criticism made a few days ago that Yellen is hold...Read More

'Crazies' Will Undermine the U.S. System ... Former Fed chief doesn't spell out whom he is referring to Says economic and political environment is worst he's seen ... Former Federal Reserve Chairman Alan Greenspan voiced concern that the U.S. economic and political system could be undermined by what he called "crazies." - BloombergOnce again we observe a meme we've been covering, populism versus g...Read More

BriefTrump Says Janet Yellen Is Keeping Interest Rates Low So President Obama Can Play Golf ... After months of surprising restraint, Donald Trump has finally started spewing conspiracy theories about the Federal Reserve. -SlateSlate writers and editors seem to believe criticism of central banking is "conspiracy theory." Specifically Donald Trump's criticism made a few days ago that Yellen is hold...Read More

'Crazies' Will Undermine the U.S. System ... Former Fed chief doesn't spell out whom he is referring to Says economic and political environment is worst he's seen ... Former Federal Reserve Chairman Alan Greenspan voiced concern that the U.S. economic and political system could be undermined by what he called "crazies." - BloombergOnce again we observe a meme we've been covering, populism versus g...Read More

Global underground mining equipment will reach US$30.5 billion by 2023 according to a market research study published last month by Credence Research. Based on what the firm calls a "comprehensive analysis of market influencing and inhibiting factors related to underground mining equipment industry," the report concludes that growing urbanization in the Asia Pacific region, the Middle East, Af...Read More

Shares in Freeport-McMoRan Copper & Gold (NYSE:FCX) reacted positively to news the number one publicly-held copper producer managed to offload oil and gas assets it put up for sale more than a year ago. Year to date the $14 billion company's stock is now up 64%.Anadarko Petroleum said Monday after market close that it would buy deepwater Gulf of Mexico assets from Freeport for a total of $2 billio...Read More

Yeah, Hillary Has Pneumonia, But Trump Is Still A Deranged Threat To America ... Modern medicine can remedy one of these ailments more thoroughly than the other. -Huffington PostAs libertarian (former) Congressman Ron Paul pointed out recently (here), the "deep state" elects whom it wants and it seems to have wanted Hillary Clinton.And even after Hillary’s most recent collapse, articles ar...Read More

Yeah, Hillary Has Pneumonia, But Trump Is Still A Deranged Threat To America ... Modern medicine can remedy one of these ailments more thoroughly than the other. -Huffington PostAs libertarian (former) Congressman Ron Paul pointed out recently (here), the "deep state" elects whom it wants and it seems to have wanted Hillary Clinton.And even after Hillary’s most recent collapse, articles ar...Read More

In European trade on Monday copper for delivery in December slipped to a near three-month low after worries about the global economic outlook weighed down the bellwether metal and speculators bet on further weakness ahead. Copper futures exchanged hands for $2.0640 per pound ($4,550 a tonne), down more than 1% from Friday's close and the lowest since June 16.Shipments from the world's number t...Read More

Hillary Clinton abruptly left the Sept. 11 memorial ceremony in New York City Sunday morning after feeling "overheated," according to a campaign statement. "Secretary Clinton attended the September 11th Commemoration Ceremony for just an hour and thirty minutes this morning to pay her respects and greet some of the families of the fallen," Clinton campaign spokesperson Nick Merrill said in a s...Read More

Trump Wants Border Wall, but Britain Is Building One in France ... The U.K. government has announced plans to begin constructing a 13-foot concrete roadside barrier at the French port of Calais, where truck drivers have been targeted by migrants trying to sneak through the Channel Tunnel. -NBCWalls are being built in the West not to keep others out but to keep citizens in. They are being erec...Read More

Hillary Clinton abruptly left the Sept. 11 memorial ceremony in New York City Sunday morning after feeling "overheated," according to a campaign statement. "Secretary Clinton attended the September 11th Commemoration Ceremony for just an hour and thirty minutes this morning to pay her respects and greet some of the families of the fallen," Clinton campaign spokesperson Nick Merrill said in a s...Read More