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

World already feeling effects of climate change, says UN Report … Climate change is being felt in all corners of the globe and some parts of the natural world may already be changing irreversibly, an assessment by the UN Intergovernmental Panel on Climate Change has found. The report on the impact of climate change – released on Monday and the first of its kind in seven years – s...Read More

This Is the Age of Civil Unrest … All governments had better open their eyes for we are on the brink of a major convergence between both the Cycle of Civil Unrest, Civil War & Revolution and International War. Both of these models converge and as I pointed out at the Cycles of War Conference, this is the first time we have seen this convergence since the 1700s. This is no plain modern e...Read More

World already feeling effects of climate change, says UN Report … Climate change is being felt in all corners of the globe and some parts of the natural world may already be changing irreversibly, an assessment by the UN Intergovernmental Panel on Climate Change has found. The report on the impact of climate change – released on Monday and the first of its kind in seven years – s...Read More

Chickens come home to roost for Obama … Today's quiz: What do Vladimir Putin's aggression and ObamaCare's troubles have in common? OK, that was too easy. It is impossible to dismiss as mere coincidence the Russian Bear's invasion of Ukraine and the continuing mayhem of the Affordable Care Act. In their own ways, each reflects the full flowering of the policies of Barack Obama...Read More

MediJean one of hundreds of companies gearing up to supply marijuana … From the outside, there's little to distinguish MediJean Distribution Inc.'s headquarters from the unremarkable office complexes and warehouses that surround it in a sprawling slice of industrial suburbia near Vancouver. Inside, however, the picture is unlike anything else around it. The company is putting the fin...Read More

Chickens come home to roost for Obama … Today's quiz: What do Vladimir Putin's aggression and ObamaCare's troubles have in common? OK, that was too easy. It is impossible to dismiss as mere coincidence the Russian Bear's invasion of Ukraine and the continuing mayhem of the Affordable Care Act. In their own ways, each reflects the full flowering of the policies of Barack Obama...Read More

MediJean one of hundreds of companies gearing up to supply marijuana … From the outside, there's little to distinguish MediJean Distribution Inc.'s headquarters from the unremarkable office complexes and warehouses that surround it in a sprawling slice of industrial suburbia near Vancouver. Inside, however, the picture is unlike anything else around it. The company is putting the fin...Read More

Bank of England agrees Chinese London currency clearing hub … The deal is part of a plan to make London a key offshore Chinese currency clearing centre … The Bank of England has agreed a deal with the People's Bank of China to make London a hub for Chinese currency dealing. The memorandum of understanding, to be signed on Monday, sets out settlement and clearing arrangements for th...Read More

The International Monetary Fund has agreed a $14-18 billion two-year bailout for Ukraine, a deal to help it recover from months of turmoil that will also unlock further credits making a total of $27 billion. The agreement, announced on Thursday, is intended to help the heavily-indebted ex-Soviet republic stabilize its economy after anti-government protests which resulted in the overthrow of Presid...Read More

Bank of England agrees Chinese London currency clearing hub … The deal is part of a plan to make London a key offshore Chinese currency clearing centre … The Bank of England has agreed a deal with the People's Bank of China to make London a hub for Chinese currency dealing. The memorandum of understanding, to be signed on Monday, sets out settlement and clearing arrangements for th...Read More

The International Monetary Fund has agreed a $14-18 billion two-year bailout for Ukraine, a deal to help it recover from months of turmoil that will also unlock further credits making a total of $27 billion. The agreement, announced on Thursday, is intended to help the heavily-indebted ex-Soviet republic stabilize its economy after anti-government protests which resulted in the overthrow of Presid...Read More

France is the 'sick man of Europe' … It's France's turn to be the "sick man of Europe," a competition that no country wants to win. The phrase seems to have originated with Tsar Nicholas I of Russia, who wrote it in reference to the Ottoman (Turkish) Empire in the mid-nineteenth century. The Tsar said Turkey was "sick" and journalists added the "man o...Read More

Jeremy Grantham: The Fed is killing the recovery … If you hate the Federal Reserve, you have a new hero. A few weeks ago, Jeremy Grantham, the co-founder of money management firm GMO, called newly appointed Federal Reserve chairman Janet Yellen "ignorant" in the New York Times. He also said the reason for the slow recovery was not the severe financial crisis, continued high unemplo...Read More

France is the 'sick man of Europe' … It's France's turn to be the "sick man of Europe," a competition that no country wants to win. The phrase seems to have originated with Tsar Nicholas I of Russia, who wrote it in reference to the Ottoman (Turkish) Empire in the mid-nineteenth century. The Tsar said Turkey was "sick" and journalists added the "man o...Read More

Jeremy Grantham: The Fed is killing the recovery … If you hate the Federal Reserve, you have a new hero. A few weeks ago, Jeremy Grantham, the co-founder of money management firm GMO, called newly appointed Federal Reserve chairman Janet Yellen "ignorant" in the New York Times. He also said the reason for the slow recovery was not the severe financial crisis, continued high unemplo...Read More

Millennial Madness: What Happens If Young Voters Bolt Both Parties? New study shows choosiest voters itching to disrupt two-party system … When I was the age my kids are now, television networks offered three, barely distinguishable choices. Including Internet video, my kids' options are almost infinite. I walked to a library. My kids download books. I owned a few dozen cassette tapes. T...Read More

Editor Leaves Bloomberg, Citing China Coverage … Ben Richardson, an editor at large in Asia at Bloomberg News, announced his resignation on Monday, citing the company's handling of an investigative report in China late last year. He is the third reporter or editor to leave the organization since several news organizations reported last November that Bloomberg had declined to publish an i...Read More

Millennial Madness: What Happens If Young Voters Bolt Both Parties? New study shows choosiest voters itching to disrupt two-party system … When I was the age my kids are now, television networks offered three, barely distinguishable choices. Including Internet video, my kids' options are almost infinite. I walked to a library. My kids download books. I owned a few dozen cassette tapes. T...Read More

Editor Leaves Bloomberg, Citing China Coverage … Ben Richardson, an editor at large in Asia at Bloomberg News, announced his resignation on Monday, citing the company's handling of an investigative report in China late last year. He is the third reporter or editor to leave the organization since several news organizations reported last November that Bloomberg had declined to publish an i...Read More

Ethno-religious violence between Muslims and Christians in the Central African Republic (CAR) has killed thousands over the past year. Hundreds of thousands have become refugees and the UN recently began investigating reports of genocide.But the conflict could also destroy one of the country's biggest industries: diamond mining - which also happens to be one of the biggest sources of conflict.AllA...Read More