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

Shares in Anglo American (LON:AAL) were up Thursday after the miner announced its net debt had fallen and that an aggressive cost-cutting and asset sale strategy was on track.The stock jumped almost 7% to 855.70 p, its highest level in more than a year, after the announcement and it was still trading about 5.25% up to 841.60 p at 3:47 pm GMT, outperforming the sector.Anglo said that current vola...Read More

The surprising secret to Bill and Hillary Clinton’s marriage ... Tuesday night, Bill Clinton took the stage at the Democratic National Convention to make the case for another Clinton: the former U.S. Secretary of State– and his former First Lady — Hillary Clinton, as the next President of the United States ... It was powerful, convincing and heartfelt. But it was more than just...Read More

Peter Thiel’s Conservative Case for Big Government ... At the Republican convention in Cleveland, billionaire investor and entrepreneur Peter Thiel introduced ... new ideas to his conservative audience ... Thiel talked about the importance of public goods. He praised the big government projects of the mid-20th century, and lamented the fact that these seem to be a thing of the past.- Bloombe...Read More

Kim’s man in Europe says North Korea’s nukes ready to blow within 10 minutes ... North Korea is deadly serious about nuking its enemies - and can do so with just 10 minutes’ notice ... Kim has intercontinental ballistic missiles loaded with nuclear warheads capable of reaching “any objective.” -UK DailyStarThe Daily Star is a big British newspaper but it is publishing...Read More

The surprising secret to Bill and Hillary Clinton’s marriage ... Tuesday night, Bill Clinton took the stage at the Democratic National Convention to make the case for another Clinton: the former U.S. Secretary of State– and his former First Lady — Hillary Clinton, as the next President of the United States ... It was powerful, convincing and heartfelt. But it was more than just...Read More

Peter Thiel’s Conservative Case for Big Government ... At the Republican convention in Cleveland, billionaire investor and entrepreneur Peter Thiel introduced ... new ideas to his conservative audience ... Thiel talked about the importance of public goods. He praised the big government projects of the mid-20th century, and lamented the fact that these seem to be a thing of the past.- Bloombe...Read More

Kim’s man in Europe says North Korea’s nukes ready to blow within 10 minutes ... North Korea is deadly serious about nuking its enemies - and can do so with just 10 minutes’ notice ... Kim has intercontinental ballistic missiles loaded with nuclear warheads capable of reaching “any objective.” -UK DailyStarThe Daily Star is a big British newspaper but it is publishing...Read More

Peruvian authorities are losing their battle against an army of illegal gold miners who have carved a toxic path through the country's rainforest, one of the most biologically diverse places on earth.Total forest loss to date along the Santiago River is 8 hectares or the equivalent to 12 soccer fields.According to an in-depth report by The New York Times, a force of marines and rangers sent in t...Read More

Chile-focused copper miner Antofagasta Plc (LON:ANTO) has cut its full-year production target, saying it is now expected to be at the lower end of the 710,000 tonnes to 740,000 tonnes outlook provided in January, with production for the year weighted to the second half.Like other metals miners, Antofagasta was rocked by the commodities rout to the point it described 2015 as "undeniably difficult",...Read More

First Woman to First Woman ... When I was prime minister, I created a carbon-emissions trading program ... No one called for my execution by firing squad, as a supporter of Donald Trump did for Mrs. Clinton, but a radio talk-show host did say I should be put in a bag and dropped in the sea. Witches can't be drowned, I cynically joked. -Julia Gillard, New York TimesWith Hillary's formal recogni...Read More

Le Pen's niece enrolls in the ARMY as she calls on France to ‘kill Islamism’ ... Marion Le Pen has said she will enroll in the French army reserve Marion Le Pen announced on Twitter she would join the French Army reserve after a spate of Islamic State-inspired terror attacks in Europe. The 26-year-old also blasted the “ineffective” French army as the country reels from...Read More

First Woman to First Woman ... When I was prime minister, I created a carbon-emissions trading program ... No one called for my execution by firing squad, as a supporter of Donald Trump did for Mrs. Clinton, but a radio talk-show host did say I should be put in a bag and dropped in the sea. Witches can't be drowned, I cynically joked. -Julia Gillard, New York TimesWith Hillary's formal recogni...Read More

Le Pen's niece enrolls in the ARMY as she calls on France to ‘kill Islamism’ ... Marion Le Pen has said she will enroll in the French army reserve Marion Le Pen announced on Twitter she would join the French Army reserve after a spate of Islamic State-inspired terror attacks in Europe. The 26-year-old also blasted the “ineffective” French army as the country reels from...Read More

Global copper production capacity at mine level through 2019 is expected to grow at a robust average annual rate of 4% to reach 26.5 million tonnes (mt) a year in 2019, according to a Read More

After an initial drop, shares in copper and gold giant Freeport-McMoRan (NYSE:FCX) closed higher on Tuesday as investors weighed the impact of a proposed $1.5 billion share issue to cut debt against an announcement that the company is holding off on further asset sales this year.Reuters reports CEO Richard Adkerson said on a conference call after second quarter results that he is "confident t...Read More

Canada's Barrick Gold (TSX, NYSE:ABX), the world's No.1 miner of the precious metal, may soon sell its majority stake in its African subsidiary Acacia Mining (LON:ACA) and it has already begun preliminary talks with several South African companies.The potential sale of the publicly traded African operation, according to sources familiar with the matter quoted by Reuters, is part of the company's p...Read More

Caterpillar (NYSE:CAT), the world's No.1 heavy machinery maker, has reviewed down its forecast for 2016 profit and sales for the second time in three months as demand for mining and energy equipment has failed to pick up.The Peoria, Illinois-based company lowered its full-year 2016 sales outlook to a range of $40-billion to $40.5-billion, from $40-billion to $42-billion. It now expects earnings o...Read More

How Hating Hillary Clinton Became Cool ... Clinton's unpopularity is a big problem and her email controversy helps recycle a quarter-century of anti-Clinton drama. - HuffingtonPostThis Huffington Post has posted an article presenting a new dominant social theme we can call "Hillary Hate Repetition."This propaganda seeks to defuse negatives feelings about Hillary by repeating accusations in so ma...Read More

Verizon is buying Yahoo for $4.8 billion ... It’s official: The sale completes Yahoo’s evolution from influential search pioneer and web portal juggernaut to, in the end, a once-dominant brand that lost its way. Parties as diverse as Warren Buffett and The Daily Mail were interested in buying Yahoo. But after a sale process that dragged on for months, Verizon (VZ, Tech30), long viewed...Read More

How Hating Hillary Clinton Became Cool ... Clinton's unpopularity is a big problem and her email controversy helps recycle a quarter-century of anti-Clinton drama. - HuffingtonPostThis Huffington Post has posted an article presenting a new dominant social theme we can call "Hillary Hate Repetition."This propaganda seeks to defuse negatives feelings about Hillary by repeating accusations in so ma...Read More