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
(Updates prices, changes comments, dateline from previousLONDON)* U.S. data drags crude prices lower* U.S. stocks off their lows; Europe edges up* Steel stocks rally on Wall StreetBy Rodrigo CamposNEW YORK, March 7 (Reuters) - A key gauge of world stockmarkets slipped on Wednesday after a strong advocate of freetrade resigned from the White House, fanning fears that U.S.President Donald Trump will...Read More
(Bloomberg) -- Raw materials are at great risk as Donald Trump’s White House prepares to pull the trigger on tariffs. UBS Group AG warned metals to energy prices would be hurt if U.S. levies spark a global trade war, while commodity powerhouse Australia forecast only a damaging race to the bottom.“Obviously, going into a deep trade war, industrial commodities are going to be negatively...Read More
(Refiles to add headline tag)* World stocks down 0.2 pct* Cohn's departure seen as tilting U.S. towardsprotectionism* Dollar falls vs yen; Canada dlr, Mexico peso fall* Crude oil and copper slip* For a live blog on European stocks, type LIVE/ in an EikonnewswindowBy Alasdair PalLONDON, March 7 (Reuters) - Global stocks and the dollarfell on Wednesday after a strong advocate of free trade resignedf...Read More
* World and European stocks down 0.2 pct* Cohn's departure seen as tilting U.S. towardsprotectionism* Dollar falls vs yen, Swiss franc; Canada dlr, Mexico pesofall* Crude oil slips, gold extends rally amid risk aversion* For a live blog on European stocks, type LIVE/ in an EikonnewswindowBy Alasdair PalLONDON, March 7 (Reuters) - Global stocks and the dollarfell on Wednesday after a strong advocat...Read More
* MSCI Asia-Pacific index down 0.65 pct, Nikkei falls 0.77pct* Spreadbetters expect European stocks to start lower* Cohn's departure seen as tilting U.S. towardsprotectionism* Dollar falls vs yen, Swiss franc; Canada dlr, Mexico pesofall* U.S. stock futures down more than 1 pct* Crude oil slips, gold extends rally amid risk aversionBy Hideyuki Sano and Shinichi SaoshiroTOKYO, March 7 (Reuters) - G...Read More
* MSCI Asia-Pacific index down 0.3 pct, Nikkei falls 0.7 pct* Cohn's departure seen as tilting U.S. towardsprotectionism* Dollar falls vs yen, Swiss franc; Canada dlr, Mexico pesofall* U.S. stock futures down more than 1 pct* Crude oil slips, gold extends rally amid risk aversionBy Hideyuki Sano and Shinichi SaoshiroTOKYO, March 7 (Reuters) - Global stocks and the dollarslumped on Wednesday after...Read More
(Updates to U.S. market close)* Crude prices wobble alongside risk appetite* Gold up as greenback weakens* Australian and New Zealand dollars rise as greenback falls* Japan stocks rally; Asia boosts emerging market equitiesBy Rodrigo CamposNEW YORK, March 6 (Reuters) - The U.S. dollar touched atwo-week low on Tuesday as traders bet on riskier currencies onnew signs of a thaw in relations between N...Read More
(Updates prices, comments)* Crude prices wobble alongside risk appetite* Gold up as greenback weakens* Japan stocks rally; Asia boosts emerging market equitiesBy Rodrigo CamposNEW YORK, March 6 (Reuters) - The U.S. dollar dropped to atwo-week low on Tuesday as traders bet on riskier currencies onnews North and South Korea would hold their first summit in morethan a decade and after the South said...Read More
(Updates prices, changes comment, dateline; previous LONDON)* Crude prices wobble with risk appetite* Japan stocks rally; Asia boosts EM equitiesBy Rodrigo CamposNEW YORK, March 6 (Reuters) - The U.S. dollar dropped to atwo-week low on Tuesday as traders bet on riskier currencies onnews North and South Korea would hold their first summit in morethan a decade and after the South said the North was...Read More
* Global shares snap four-day losing streak on Monday* Trade war fears ease after backlash against Trump's plan* Euro shrugs off inconclusive Italian election* European shares seen rising 0.5-0.8 pctBy Marc JonesLONDON, March 6 (Reuters) - World share markets regainedground on Tuesday as news that the United States and North Koreawill meet for talks next month came on top of hopes thatPresident Do...Read More
* Global shares snap four-day losing streak on Monday* Trade war fears ease after backlash against Trump's plan* Euro shrugs off inconclusive Italian election* European shares seen rising 0.5-0.8 pctBy Marc JonesLONDON, March 6 (Reuters) - Share markets in Asia and Europeregained ground on Tuesday after U.S. President Donald Trumpfaced growing pressure from political allies to pull back frompropos...Read More
(Updates to U.S. market close)* Europe, U.S. boost global stocks; Asia weighs on EMequities* Japan stocks fall overnight but Nikkei futures jump* U.S. crude rises the most in nearly three weeksBy Rodrigo CamposNEW YORK, March 5 (Reuters) - Oil prices rallied on Mondayand stocks across the globe also rose as investors saw tariffthreats as a U.S. negotiating tactic and not a done deal, whileconcern...Read More
(Updates prices, adds comment)* Europe, U.S. boost global stocks* Asia weighs on EM equities; Nikkei futures spike higher* U.S. crude rises the most in nearly three weeksBy Rodrigo CamposNEW YORK, March 5 (Reuters) - Oil prices rallied on Mondayand stocks across the globe also rose as investors saw tariffthreats as a U.S. negotiating tactic and not a done deal, whileconcern ebbed over an inconclus...Read More
(Updates throughout, changes comment, byline, dateline fromprevious LONDON)By Rodrigo CamposNEW YORK, March 5 (Reuters) - Oil prices rallied on Mondayand stocks across the globe also rose as investors saw tariffthreats as a U.S. negotiating tactic and not a done deal, whileconcern ebbed over an inconclusive Italian election.Stocks across the globe rose after four days of declines,with the U.S. ben...Read More
(Adds company news, futures)March 5 (Reuters) - Britain's FTSE futures FFIc1 were flat ahead of thecash market open.* Tesco-Booker: Tesco TSCO.L , Britain's biggest retailer, has completedthe 4 billion pound ($5.51 billion) takeover of Booker BOK.L , the country'slargest wholesaler, the companies said on Monday. Ultra Electronics: British defence contractor Ultra Electronics ULE.L said it term...Read More
March 5 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 27points higher on Monday, according to financial bookmakers.* ROYAL BANK OF SCOTLAND:Britain's Royal Bank of Scotland RBS.L could reach a multi billion-dollarsettlement with the U.S. Department of Justice (DoJ) over its mis-selling oftoxic mortgage-backed securities within weeks, Sky News reported on Friday,citing sources. RBS dec...Read More
Investing.com - Gold prices rose on Friday, rebounding from the lowest levels of the year as the prospect of a global trade war pressured the dollar lower and boosted safe haven demand for the precious metal.Gold futures for April delivery settled up 1.42% at $1,323.70 on the Comex division of the New York Mercantile Exchange. For the week, prices were still down 0.52%, their second consecutive we...Read More
(Adds new company news items, updates items and futures)March 2 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 60points lower at 7,115 on Friday, according to financial bookmakers, with futures FFIc1 down 0.45 percent ahead of the cash market open.* LONDON STOCK EXCHANGE GROUP: London Stock Exchange Group LSE.L reporteda 47 percent rise in full-year operating profit on Friday as its...Read More
March 2 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 60points lower at 7,115 on Friday, according to financial bookmakers.* ANTOFAGASTA: The main union of Chile's Los Pelambres copper mine, a unitof the local group Antofagasta ANTO.L , will vote next week on a new contractits members have not yet received and which could lead to a strike if theyrefuse, a union leader told Reuters o...Read More
Investing.com – Gold prices hovered around breakeven Thursday as safe-haven demand returned as traders feared the prospect of a global trade war after President Donald Trump said the U.S. will impose tariffs on steel and aluminium imports as early as next week.Gold futures for April delivery on the Comex division of the New York Mercantile Exchange rose by $0.90, or 0.06%, to $1,318.60 a tro...Read More