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

Sibanye Gold (JSE:SGL) (NYSE:SBGL), the biggest producer of the precious metal in South Africa, is actively considering more platinum acquisitions, as it seeks to take advantage of its strong current position and the weakness of most competitors.In September, Sibanye acquired Anglo American Platinum's (Amplats) Rustenburg mines for 4.5 billion rand ($330 million at the time). A few weeks later,...Read More

Glenn Reynolds: Don’t let U.S. become next Rome ... Entrenched political elites will sacrifice anything to retain power, including their own country.... As you vote, remember that the more resources you put under the control of the political class, the more likely it is that things will eventually go bad. Politicians seldom look past the next election, and they're willing to sacrifice pretty...Read More

The president claims that Congress's authorizations in 2001 and 2002 for the wars against Al Qaeda and Saddam Hussein can be stretched to cover his current campaign [against ISIS]. – The New York TimesThe U.S. Constitution is gone. Kaput. For years it stood as the bedrock of a republic that kept its government chained. For years the constitution limited government intervention, letting the f...Read More

The end of oil as we know it ... Oil has crashed. But a short-term drop in the price of oil is nothing compared with the end of demand for oil as we know it. The more extreme scenario is what Bernstein Research is now talking about. Energy analyst Neil Beveridge is out with a new note that explores the question of demand - with a prediction that the end of oil as we know it is coming in 2030....Read More

Glenn Reynolds: Don’t let U.S. become next Rome ... Entrenched political elites will sacrifice anything to retain power, including their own country.... As you vote, remember that the more resources you put under the control of the political class, the more likely it is that things will eventually go bad. Politicians seldom look past the next election, and they're willing to sacrifice pretty...Read More

The president claims that Congress's authorizations in 2001 and 2002 for the wars against Al Qaeda and Saddam Hussein can be stretched to cover his current campaign [against ISIS]. – The New York TimesThe U.S. Constitution is gone. Kaput. For years it stood as the bedrock of a republic that kept its government chained. For years the constitution limited government intervention, letting the f...Read More

The end of oil as we know it ... Oil has crashed. But a short-term drop in the price of oil is nothing compared with the end of demand for oil as we know it. The more extreme scenario is what Bernstein Research is now talking about. Energy analyst Neil Beveridge is out with a new note that explores the question of demand - with a prediction that the end of oil as we know it is coming in 2030....Read More

Original Source: Global Risk InsightsThe town of Luanshya, situated on Zambia's copperbelt, serves as a bellwether for the country's economy. However, political developments in Zambia are causing significant uncertainties in the copper industry.With a sustained annual GDP growth rate above 6%, driven primarily by copper, the past decade has been tumultuous for Luanshya. Founded as a service town...Read More

Ted Cruz drops bid for Republican nomination, clearing path for Trump ... Ted Cruz suspended his US presidential campaign on Tuesday after a crushing defeat in Indiana's primary, leaving the way clear for Donald Trump to become the Republican nominee. - UK GuardianIt seems more likely now that Trump will be the Republican nominee for president. But there are seemingly two main questions to answe...Read More

In January, the Department of Housing and Urban Development announced grants totaling $1 billion in 13 states to help communities adapt to climate change, by building stronger levees, dams and drainage systems.One of those grants, $48 million for Isle de Jean Charles, is something new: the first allocation of federal tax dollars to move an entire community struggling with the impacts of climat...Read More

Water shortages will deliver 'severe hit' to world by 2050 - World Bank ... Global water shortages are taking their toll. The World Bank has issued a stark warning that the Middle East, Africa and Central Asia will receive a particularly "severe hit" by 2050, and global mismanagement needs to be addressed urgently. -RTWe just published an analysis of water-scarcity propaganda on Monday and now the...Read More

Ted Cruz drops bid for Republican nomination, clearing path for Trump ... Ted Cruz suspended his US presidential campaign on Tuesday after a crushing defeat in Indiana's primary, leaving the way clear for Donald Trump to become the Republican nominee. - UK GuardianIt seems more likely now that Trump will be the Republican nominee for president. But there are seemingly two main questions to answe...Read More

In January, the Department of Housing and Urban Development announced grants totaling $1 billion in 13 states to help communities adapt to climate change, by building stronger levees, dams and drainage systems.One of those grants, $48 million for Isle de Jean Charles, is something new: the first allocation of federal tax dollars to move an entire community struggling with the impacts of climat...Read More

Water shortages will deliver 'severe hit' to world by 2050 - World Bank ... Global water shortages are taking their toll. The World Bank has issued a stark warning that the Middle East, Africa and Central Asia will receive a particularly "severe hit" by 2050, and global mismanagement needs to be addressed urgently. -RTWe just published an analysis of water-scarcity propaganda on Monday and now the...Read More

Ratings agency Moody's on Tuesday changed its outlook for Anglo American's credit rating recognizing the world's fifth largest diversified miner's "rapid progress in negotiating material asset sales, a higher than expected valuation for the sale of the niobium and phosphate businesses, and improving prospects for the global diamond market."In February Moody's downgraded Anglo's debt to junk status...Read More

Mining and metals investors were rushing for the exits on Tuesday on fears that the China-inspired rally on commodity markets in 2016 was losing steam.The sell-off led by comeback story Anglo-American, and punters' favourites Freeport-McMoran and Teck Resources, came after a gauge of manufacturing activity in China unexpectedly fell back in April.After recovering sharply to a more-than-a-year...Read More

Risk, from a mathematical perspective, is the probability of an event multiplied by its potential impact.The World Risk Report, which is published each year, looks at the risks of natural disasters in this way. The model used in the report takes into consideration the exposure of countries to natural disasters, but also their ability to cope and deal with such events. The end result is a World R...Read More

With sales and operations at the ends of the earth, few companies are in a better position to take the pulse of the global economy and the resource sector in particular than Caterpillar.The new line of "smart" equipment will be able to communicate, instantly, how it's performing, and what might need fixing soon.The world's number one heavy equipment manufacturer has been hit hard by the decline i...Read More

Shares of Teck Resources Ltd. have almost tripled this year, making the Canadian company the best-performing global miner amid the rebound in commodity prices and a projected fivefold improvement in earnings.The price of Teck's three main products have surged, with metallurgical coal leading and zinc a close second. Until recently, copper had lagged the pack but gains last week have narrowed the...Read More

Leaked papers show 'unsurprising' TTIP disagreements: Dutch trade minister BusinessEurope May 2, 2016 The lack of agreement between the US and Europe on a controversial trade agreement is unsurprising, Dutch trade minister Lilian Ploumen said on Monday. The minister was commenting on the leak of confidential negotiating documents relating to the Transatlantic Trade and Investment Partnership...Read More