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
The brilliant blue stone lapis lazuli, prized for millennia, is almost uniquely found in Afghanistan, a key part of the extensive mineral wealth that is seen as the best hope for funding development of one of the world's poorest nations.Instead, the stone has become a source of income for the Taliban, smugglers and local warlords, emblematic of the central government's struggle to gain control o...Read More
John Kerry makes ‘gut-wrenching’ tour of Hiroshima peace park ... First US secretary of state to visit atomic bomb memorial says site is 'harsh reminder of threat of nuclear weapons.' - CNNOver the years, as we have helped debunk elite propaganda, from elaborate NASA hoaxes to vaccine cover-ups, it has occurred to us more and more strongly that something is wrong with at least parts of...Read More
John Kerry makes ‘gut-wrenching’ tour of Hiroshima peace park ... First US secretary of state to visit atomic bomb memorial says site is 'harsh reminder of threat of nuclear weapons.' - CNNOver the years, as we have helped debunk elite propaganda, from elaborate NASA hoaxes to vaccine cover-ups, it has occurred to us more and more strongly that something is wrong with at least parts of...Read More
Shares in Teck Resources (TSX: TCK.B) (NYSE:TCK), Canada's largest diversified miner, were trading moderately lower Thursday after the company confirmed a spill of metal-contaminated water at its Trail smelting and refining plant in British Columbia.The stock was down 0.37% $8.52 in New York at 9:39 am, but it has had an amazing 2016 so far - it has climbed almost 120% since January.In February t...Read More
Panama Papers reveal London as center of 'spider's web' ... As-well as shining a spotlight on the secret financial arrangements of the rich and powerful, the so-called Panama Papers have laid bare London's role as a vital organ of the world's tax-haven network. - JapanTimesThe Panama Papers leak has "revealed" London at the center of a "spider's web," according to this article, above. It is furt...Read More
Panama Papers reveal London as center of 'spider's web' ... As-well as shining a spotlight on the secret financial arrangements of the rich and powerful, the so-called Panama Papers have laid bare London's role as a vital organ of the world's tax-haven network. - JapanTimesThe Panama Papers leak has "revealed" London at the center of a "spider's web," according to this article, above. It is furt...Read More
BHP Billiton chief executive Andrew Mackenzie was upbeat about the outlook for the world's top mining company in an interview published Saturday in the The Australian.A turnaround in the prices of the commodities the Melbourne-based giant produces would be volatile and prolonged and in some cases markets will take "a very long time" to come back into balance Mackenzie told the newspaper."If y...Read More
Canadians working in the mining industry, one of the country's largest industrial sectors, are the highest paid, surpassing the average earnings of workers in forestry, manufacturing, finance and construction.After a recent salary survey, mining jobs and employment opportunities leader CareerMine found that miners in Canada earn over $110,000 a year, or about $31,000 to $46,000 more than the avera...Read More
In New York trade on Wednesday copper for delivery in May gained for the fourth day in a row after customs data from top consumer China showed a huge jump in imports of the red metal.May copper futures jumped to $2.18 per pound or around $4,805 a tonne, up 1.5% from Tuesday's close before paring some of those gains by lunchtime. The price of copper is up 12.6% from a seven-year low hit mid-Ja...Read More
Canada's largest mining companies have endorsed the federal government's effort to establish a national price on carbon pollution, publishing Wednesday a series of principles local miners believe should be part of a national policy on climate change.In its proposal, the Mining Association of Canada (MAC) recommends, among others, the adoption of a broad-based carbon price applicable to all sectors...Read More
President Barack Obama and Federal Reserve Chair Janet Yellen discussed risks to the economy and progress from Wall Street reform during a rare meeting in the Oval Office on Monday, the White House said. -ReutersThe meetings going on in Washington DC have been the subject of much speculation in the alternative media, especially the one between Janet Yellen, President Obama and Vice President Biden...Read More
President Barack Obama and Federal Reserve Chair Janet Yellen discussed risks to the economy and progress from Wall Street reform during a rare meeting in the Oval Office on Monday, the White House said. -ReutersThe meetings going on in Washington DC have been the subject of much speculation in the alternative media, especially the one between Janet Yellen, President Obama and Vice President Biden...Read More
Adrian Day of Adrian Day Asset Management discusses Altius Minerals, one of his core holdings, including how it has continued to make progress through the resources bear market.Altius Minerals Corp. (ALS:TSX.V, 11.81) has continued to make progress through the bear market in resources. Most recently, it has entered into a metal purchase agreement with Yamana Gold to purchase some of the future cop...Read More
The International Monetary Fund in its World Economic Outlook published today cut its global economic growth forecast for the fourth time in the past year.The Fund expects the world economy would grow at 3.2% in 2016 compared to its previous forecast of 3.4% in January. Next year growth will pick up slightly to average 3.5% according to the institution.Source: World BankThe IMF upped its Chinese...Read More
Chemicals firm SQM, one of the world's top lithium producers with access to lucrative reserves in northern Chile, and Canadian junior miner Lithium Americas Corp (LAC) have set 2019 as the date to begin operations at their recently formed joint venture in Argentina.As announced last month, the companies are working on an updating the feasibility study for the Cauchari-Olaroz project, which is for...Read More
Several hundred activists were arrested Monday afternoon during a sit-in on the steps of the U.S. Capitol to call for action on voting rights and campaign finance reform. The mass civil disobedience, part of a week-long Washington protest known as Democracy Spring, aimed to demonstrate the depth of grassroots frustration at a political system that, participants said, is tilted toward the wealthy a...Read More
Several hundred activists were arrested Monday afternoon during a sit-in on the steps of the U.S. Capitol to call for action on voting rights and campaign finance reform. The mass civil disobedience, part of a week-long Washington protest known as Democracy Spring, aimed to demonstrate the depth of grassroots frustration at a political system that, participants said, is tilted toward the wealthy a...Read More
Geoscience BC is releasing the results of an innovative tree-top sampling program led by Noble Exploration Services Ltd. The study looked at whether trace amounts of metals found in spruce trees could lead prospectors to the next big mineral discovery. As part of the TREK project, a total of 421 side-branch samples, comprising one kilogram of twigs and needles, were systematically collected near...Read More
Chile's Codelco, the world's No.1 copper producer, has scrapped its plan to build a new mine at its El Salvador division and, instead, will extract the riches from the nearby Inca deposit by gradually expanding the current pit."While plans to expand Salvador, known as the Rajo Inca project, have not even reached pre-feasibility stage, the company has already decided that it's not building a new mi...Read More
Revenge of the Vikings - Iceland Will Create Its Own Money ... Iceland is taking the money back from the clutches of the private fractional reserve lending cartel. It's happened before in history, and with great success, but it has also prompted a violent backlash from the elites ... - 21st Century WireUsually we comment on the elite propaganda of mainstream media reports, but we've always mad...Read More