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

Hours Before the Terror Attacks, Paris Practiced for a Mass Shooting … Since the Charlie Hebdo attacks in January, from which 16 people died, Paris-area ambulance crews and emergency personnel have taken part in regular exercises designed to test their readiness for possible attacks. One such exercise was held on Friday morning, the day of the latest terror attacks. In a twist of fate, the s...Read More

IMF approves China's yuan as reserve currency … Inclusion in elite list alongside US dollar and euro described as a milestone for world's second largest economy. With the decision, the yuan, also known as the renminbi, will join the US dollar, euro, Japanese yen and British pound next year in the list of currencies the IMF uses as an international reserve asset. – Al JazeeraDom...Read More

Hours Before the Terror Attacks, Paris Practiced for a Mass Shooting … Since the Charlie Hebdo attacks in January, from which 16 people died, Paris-area ambulance crews and emergency personnel have taken part in regular exercises designed to test their readiness for possible attacks. One such exercise was held on Friday morning, the day of the latest terror attacks. In a twist of fate, the s...Read More

A couple of weeks ago, mining and metals analysts at Barclays put out a research note warning investors that while the sector is having its worst run in fifty years better days aren't necessarily around the corner.This is how the investment bank summarized the current state of the industry when it downgraded the entire sector:"The last 5 years have now been the worst period of performance since 19...Read More

Tabas coal mine in central Iran. Source: Mehr News AgencyCopper, iron ore and heavy rare earth elements could be worth "much more" than Iran's crude oil revenues Mojtaba Khosrowtaj, deputy minister in Iran's Ministry of Industry, Mine and Trade tells Bloomberg.Iran is opening $29 billion of mining projects to foreign investors once international sanctions are lifted, roughly equal the oil and gas...Read More

Dark times ahead for Australia's mining industry. (Image via YouTube)Australia's mining industry is likely to see up to 20,000 jobs fade by the end of 2018 as one of the country's leading research firm forecasts a further 58% fall in investments in the sector over the next three years.According to BIS Shrapnel's report, Mining in Australia 2015 to 2030, investment in the country since 2014 has fal...Read More

When the instinct is strongest to curl up in a ball and wait out the ravages of the down market is also when smart companies snap up distressed projects and get to work while capital costs are low. In this interview with The Gold Report, veteran investors Bob Moriarty of 321gold.com and Adrian Day of Adrian Day Asset Management share their messages to mining company CEOs and investors about advanc...Read More

Migrant crisis laid bare: 1.5 MILLION people have entered EU countries illegally this year … The staggering figure was revealed by European Council President Donald Tusk, as leaders from across the continent desperately tried to thrash out a way of stemming the flow of refugees into Europe. Hundreds of thousands of migrants – many fleeing war and persecution from North Africa and the M...Read More

Fo Real S'kebei … Pidgin english is now officially a language Na Pali Coast, Kauai, Hawaii Don't 'oe be givin me no stink eye, this is fo real s'kebei. After hundreds of years, Hawaiian Pidgin has been officially recognised as a language. A US census survey into languages, which was released on November 3, included both Hawaiian Pidgin and Pidgin in its official list for the...Read More

Migrant crisis laid bare: 1.5 MILLION people have entered EU countries illegally this year … The staggering figure was revealed by European Council President Donald Tusk, as leaders from across the continent desperately tried to thrash out a way of stemming the flow of refugees into Europe. Hundreds of thousands of migrants – many fleeing war and persecution from North Africa and the M...Read More

Fo Real S'kebei … Pidgin english is now officially a language Na Pali Coast, Kauai, Hawaii Don't 'oe be givin me no stink eye, this is fo real s'kebei. After hundreds of years, Hawaiian Pidgin has been officially recognised as a language. A US census survey into languages, which was released on November 3, included both Hawaiian Pidgin and Pidgin in its official list for the...Read More

Copper producers in China are taking drastic measures to arrest the plummeting price.On Saturday it was announced that nine large copper smelters will cut production by over 200,000 tonnes in 2016, which is around 5 percent of 2015 levels.The move comes as copper prices on the London Metal exchange and in Shanghai fell to six-year lows, on the back of low growth and an oversupplied market. Growth...Read More

Rio Tinto Aluminium Weipa celebrated 50 years of operations in 2013. (Image courtesy of Rio Tinto)Rio Tinto (LON:RIO), the world's second-largest mining group, has approved a $1.9 billion bauxite project in Australia, bucking a trend among most top miners that have mostly delayed new mines to weather the effects of slumping commodity prices.The South of Embley project, located on the Cape York Pen...Read More

Turkey won't apologize for downing Russian warplane, Erdogan says … Turkey will not apologize for downing a Russian fighter jet it says violated Turkish airspace near the Syrian border, Turkish President Recep Tayyip Erdogan said in an exclusive CNN interview Thursday in Ankara. "I think if there is a party that needs to apologize, it is not us," he said from the Turkish capita...Read More

Blockchain technology could reduce role of banks, says BIS … Blockchain technology could reduce the role of intermediaries such as banks and settlement houses, the Bank for International Settlements – or "the central bankers' central bank" – said in a report on Monday. Blockchain technology – or distributed ledger technology, as many financiers prefer to call...Read More

Turkey won't apologize for downing Russian warplane, Erdogan says … Turkey will not apologize for downing a Russian fighter jet it says violated Turkish airspace near the Syrian border, Turkish President Recep Tayyip Erdogan said in an exclusive CNN interview Thursday in Ankara. "I think if there is a party that needs to apologize, it is not us," he said from the Turkish capita...Read More

Blockchain technology could reduce role of banks, says BIS … Blockchain technology could reduce the role of intermediaries such as banks and settlement houses, the Bank for International Settlements – or "the central bankers' central bank" – said in a report on Monday. Blockchain technology – or distributed ledger technology, as many financiers prefer to call...Read More

Along with the rest of the base metals complex tin enjoyed a nice bump on Thursday on speculation that Chinese miners are getting serious about production cuts and Beijing may start stockpiling metals to make the most of low prices.Tin gained nearly 2% to trade just under $15,000 on Thursday, recovering from a low of $14,200 a tonne hit earlier this week. The metal is still trading down more than...Read More

Party like it's 2008On Thursday, base metals rebounded from financial crisis levels hit earlier this week on speculation of output cuts in China, hopes a new program of stockpiling by the state and a possible probe by Beijing into short-selling by Chinese hedge funds.In New York trade on Thursday copper for delivery in March gained more than 2% to $2.09 per pound. On Monday the red metal hit i...Read More

Rio Tinto's (LON:RIO) decision on its long-delayed expansion of the Oyu Tolgoi copper and gold mine in Mongolia is likely to be affected by the current slump of the metal, which hit a fresh six-year low this week.The world's-second biggest miner, which began production from an open pit of Oyu Tolgoi over two years ago, has not finished lining up financing for the $5 billion expansion, Reuters rep...Read More