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

Shares of North American base metal miners tumbled on Monday along with the price of copper, zinc, and nickel after the downgrade of the U.S. credit rating by S&P amplified fears of a global economic slowdown.Shares of U.S. miner Freeport McMoRan and Canada’s First Quantum and Teck Resources, among others, fell sharply in New York and Toronto.Copper, used in the power and construction in...Read More

Shares of Quadra FNX rose more than 7 percent on Monday morning after the Canadian base metal miner reported a large increase in quarterly copper production.Vancouver-based Quadra said its second-quarter production rose 20 percent from the previous quarter at its mines in the United States, Canada and Chile.The company, which is expected to report quarterly financial results on Aug. 10, said coppe...Read More

By Andy HomeAssuming, like the investment bank community, you are still keeping the faith with the overall bull narrative, the coming period will be all about divergence between both commodities in general and the LME metals in particular.Or as researchers at Barclays Capital put it in the company’s most recent weekly research report, “the supply side is shaping a more diverse fundamen...Read More

* Asian shares near 9-month low, Nikkei down 0.5 pct* Falls in U.S. tech shares heighten worries* Yuan steady for now after PBOC's movesBy Hideyuki SanoTOKYO, July 4 (Reuters) - Asian stocks were on shaky ground on Wednesday while the Chinese yuan stood near 11-month lows as the spectre of a Sino-U.S. trade war haunted investors ahead of an end-of-week deadline for U.S. tariffs on billions of doll...Read More

BRUSSELS, July 19 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:APPROVALS AND WITHDRAWALS-- Spanish fashion and cosmetics maker PUIG and German electrical appliances maker Bosch (NS:BOSH) Group's unit BSH to jointly acquire Spanish perfume maker Noustique (approved July 18)-- Metals and commodities company Liberty House G...Read More

* MSCI Asia-Pacific index up 0.17 pct, Nikkei rises 0.5 pct* US yields hover near 6-week highs, help prop up dollar* Commodities buoyant amid prospect of increased China demandBy Shinichi SaoshiroTOKYO, July 25 (Reuters) - Asian stocks rode higher on Wednesday thanks to strong U.S. corporate earnings and hopes China will boost fiscal support for its economy, while long-term U.S. yields hovered nea...Read More

BENGALURU, July 31 (Reuters) - Gold prices crept higher early on Tuesday, supported by the dollar's slight fall against the yen ahead of a monetary policy decision from the Bank of Japan.FUNDAMENTALS* Spot gold XAU= was up 0.1 percent at $1,222.28 an ounce at 0041 GMT.* U.S. gold futures GCcv1 were about 0.1 percent higher at $1,222.10 an ounce.* The yen strengthened slightly against the dollar on...Read More

By Sudarshan VaradhanNEW DELHI, Aug 3 (Reuters) - India's Goa state on Friday passed a resolution asking the state's chief minister to push the federal government to amend laws to restart mining across the state, a state lawmaker said, months after the country's top court quashed mining permits.The resolution seeks to amend laws in Goa so that existing miners can continue to extract ore for about...Read More

Drop in gold prices props up physical buying in Asia Gold edged higher on Monday as investors found the metal attractive after prices fell to a 19-month low last week, while a rising dollar weighed on the market ahead of planned US-China trade talks.The precious metal shed 2.2 per cent last week in its sixth straight weekly decline and worst weekly performance since December."Though the metal look...Read More

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.FUNDAMENTALS* Malaysian palm oil futures edged lower on Tuesday evening after three straight sessions of gains, pressured by a stronger ringgit and weaker related edible oils. POI/* U.S. corn futures fell about 2 percent on Wednesday and soybeans declined almost as much, pressured by strong yie...Read More

* MSCI ex-Japan gain 0.3 pct, Nikkei jumps 0.8 pct* U.S., Mexico reach NAFTA deal, turn up pressure on Canada* Analysts treating the risk rally with caution* Some major currencies rally against the dollarBy Swati PandeySYDNEY, Aug 28 (Reuters) - Asian shares advanced again on Tuesday while major currencies held on to gains amid hopes global tariff tensions were abating as the United States and Mex...Read More

* FTSE 100 up 1.7 pct* Sterling sinks further after May lays down gauntlet to EU* Banks and miners drive gains* Just Eat tumbles on report Uber in talks to buy Deliveroo (Updates prices, adds details, quotes)By Helen ReidLONDON, Sept 21 (Reuters) - A slide in sterling after a speech by Prime Minister Theresa May helped boost Britain's exporter-heavy FTSE 100 to a 2 1/2 week high, cementing a thr...Read More

(Repeats with no changes. The opinions expressed here are those of the author, a columnist for Reuters)* Global Copper Stocks: https://tmsnrt.rs/2OwwYKI* Stocks by Exchange: https://tmsnrt.rs/2OsdVRnBy Andy HomeLONDON, Oct 16 (Reuters) - The copper market is currently experiencing a squeeze on physical metal.This is unexpected.The London Metal Exchange (LME) price CMCU3 is treading water just abov...Read More

(Repeats with no changes. The opinions expressed here are those of the author, a columnist for Reuters)* Global Copper Stocks: https://tmsnrt.rs/2OwwYKI* Stocks by Exchange: https://tmsnrt.rs/2OsdVRnBy Andy HomeLONDON, Oct 16 (Reuters) - The copper market is currently experiencing a squeeze on physical metal.This is unexpected.The London Metal Exchange (LME) price CMCU3 is treading water just abov...Read More

As investment flows and increased risk appetite driven by U.S. quantitative easing and the emergence of ETFs have pushed copper prices higher than the fundamentals suggest in the near term, RBC Capital Markets is warning that a correction is possible in the near term. However, copper remains the firm’s preferred base metal and it raised its price forecasts to reflect an improving supply-dema...Read More

With all the noise and uncertainty floating around these days in the global economy, it’s no surprise everyone is looking for a unique way to profit from gold, the generally acknowledged safe haven in times of strife.John Redstone, analyst with Desjardins Securities, has come up with a list of six base metals companies that are also well-leveraged for a rising gold price. Interestingly enoug...Read More

Analysts and strategists at UBS share their views on commoditiesQ: What is your take on recent developments in base metals?A: We were concerned over the base metals in early April, because of the potential for a global synchronised slowdown over the summer and into Q4, and because of the potential for risk capital to exit positions. We now believe that the slowdown is priced in, and we anticipate...Read More

It's proving to be an ugly day for the market. As of this writing, all major stock market indices are down at least 1.5%, dragging stocks to the lowest levels seen since the start of this summer. Simply put, the price action we're seeing in the broad market Tuesday doesn't paint a particularly rosy picture for stocks' staying power during the rest of 2018. But while Mr. Market gets gut-punched t...Read More

Gold is glittering this October - and miners are proving to be one of the best ways to play the trend. Since bottoming back in the middle of September, the average gold mining stock has surged around 15% higher, vs. a 3.3% stumble in the S&P 500 over that same time frame. That's not totally surprising. After last week's big "risk off" moment on Wednesday and Thursday, a flight to quality to gold...Read More

Canada's Barrick Gold Corp. is reportedly near an agreement to buy London-listed Randgold Resources Ltd. in a deal that could be worth as much as $18 billion, according to media reports. The agreement could be announced as soon as Monday, according to a report from Reuters citing a person familiar with the talks. Mining blog IKN first reported the news on Sunday, and Bloomberg later said the t...Read More