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
* S&P 500 on track for best annual gains since 2013* Live Ventures soars after reporting revenue jump* J.B. Hunt Transport down on disappointing forecast* Indexes up: Dow 0.14 pct, S&P 0.07 pct, Nasdaq 0.13 pct (Updates to early afternoon)By Sruthi ShankarDec 28 (Reuters) - Wall Street indexes rose slightly in thin holiday trading on Thursday, supported by gains in technology and financial...Read More
* Copper rally keeps focus on global growth* MSCI world index set for 14th month of gains* U.S. dollar under pressure (Updates to U.S. market open; updates byline and dateline, previous LONDON)By Trevor HunnicuttDec 28 (Reuters) - World stocks trotted higher in light, holiday trading on Thursday, moving to record levels as rising industrial metals prices gestured to a strong finish to the year for...Read More
* S&P 500 on track for best annual gains since 2013* Live Ventures soars after reporting revenue jump* J.B. Hunt Transport down on disappointing forecast* Indexes up: Dow 0.21 pct, S&P 0.08 pct, Nasdaq 0.05 pct (Changes comment, updates prices, adds details)By Sruthi ShankarDec 28 (Reuters) - Wall Street's main indexes were slightly higher in late morning trading on Thursday, helped by gai...Read More
* Dollar index on track for worst year since 2003* Australian dollar and New Zealand dollar hit 2-month highs* Bitcoin sheds over 30 pct since record peak near $20,000 (Updates market action, changes dateline, previous LONDON)By Richard LeongNEW YORK, Dec 28 (Reuters) - The dollar fell to a four-week low against a basket of currencies on Thursday on a less certain U.S. economic outlook after the p...Read More
* S&P 500 on track for best annual gains since 2013* Live Ventures soars after reporting revenue jump* J.B. Hunt Transport down on disappointing forecast* Indexes up: Dow 0.21 pct, S&P 0.11 pct, Nasdaq 0.19 pct (Updates to open)By Sruthi ShankarDec 28 (Reuters) - Wall Street's main indexes rose in thin holiday trading on Thursday, helped by gains in technology stocks.Apple (NASDAQ:AAPL) AP...Read More
* S&P 500 on track for best annual gains since 2013* Live Ventures soars after reporting revenue jump* J.B. Hunt Transport down on disappointing forecast* Futures up: Dow 40 pts, S&P 2 pts, Nasdaq 14.25 pts (Adds comment, details on companies, updates prices)By Sruthi ShankarDec 28 (Reuters) - Wall Street was set to open higher in thin holiday trading on Thursday, helped by a rally in comm...Read More
* Futures up: Dow 44 pts, S&P 2.5 pts, Nasdaq 16.75 ptsBy Sruthi ShankarDec 28 (Reuters) - U.S. stock futures pointed to a higher open for Wall Street on Thursday, helped by a rally in commodities and a weaker dollar.The dollar slipped to a four-week low against a basket of currencies, under pressure by a recent dip in U.S. 10-year bond yields. USD/ A weaker dollar tends to boost revenue of co...Read More
* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVhBy Sujata RaoLONDON, Dec 28 (Reuters) - Buoyant commodity prices alongside a pullback in U.S. bond yields and the dollar propelled world stocks to new record highs on Thursday, signalling the rally would likely extend into 2018.MSCI's world equity index .MIWD00000PUS , which tracks shares in 47 countries, has risen about 22 percent this yea...Read More
Investing.com - Gold prices hit a one-month high on Thursday, in holiday-thinned trading as weakness in the dollar supported the precious metal.Comex gold futures rose 0.28% to $1,295.00 a troy ounce by 4:32AM ET (9:32GMT) Thursday, just off its intraday high of $1,296.10 which was its highest level since November 29.Futures were on the rise for a third straight session and were on track for weakl...Read More
* NSE index up 0.06 pct, BSE index 0.02 pct higher* Metal stocks rally* Hindalco Industries hits record highBy Vishal SridharDec 28 (Reuters) - Indian shares were little changed on Thursday ahead of expiry of derivatives contracts and on lingering concerns over government borrowing exceeding target, but metals stocks such as Vedanta Ltd VDAN.NS rose tracking global commodity prices.India said on...Read More
* Dollar index slips to lowest since Dec. 1* Australian dollar and Canadian dollar hit 2-month highs* Bitcoin slides more than 10 pct at one point (Updates levels)By Masayuki KitanoSINGAPORE, Dec 28 (Reuters) - The dollar slid broadly on Thursday, hampered by a recent dip in U.S. 10-year bond yields, while commodity-linked currencies were bolstered by this week's rally in metals and oil prices.In...Read More
* Dollar index slips to lowest since Dec. 1* Commodity currencies remain firm, Aussie hits 2-month high* Recent pullback in US 10-year yield weighs on dlr -analyst (Updates prices, adds comments)By Masayuki KitanoSINGAPORE, Dec 28 (Reuters) - The dollar was on the defensive on Thursday, hampered by a recent dip in U.S. 10-year bond yields, while commodity-linked currencies were bolstered by this w...Read More
* Dollar index languishes near 3-1/2 week lows* Pullback in U.S. 10-year yield weighs on dollar -analyst* Commodity currencies remain firm, Aussie hits 2-month highBy Masayuki KitanoSINGAPORE, Dec 28 (Reuters) - The dollar was on the defensive on Thursday, facing headwinds from a dip in U.S. 10-year bond yields, while commodity-linked currencies were bolstered by this week's rally in metal and oil...Read More
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.FUNDAMENTALS* Malaysian palm oil futures were up over 1 percent on Wednesday evening, hitting their highest in more than a week on a rise in exports and tracking stronger related edible oils. POI/* U.S. wheat futures climbed more than 1 percent on Wednesday while corn was higher for the sixth s...Read More
* Copper near 4-year high, boding well for 2018 growth* Bonds stage a rally after selloff last week* Oil, iPhone X concerns weigh on stocks, but indexes edge up* Global growth expectations hit U.S. dollar (Updates to U.S. stock market close)By Trevor HunnicuttDec 27 (Reuters) - Global stocks edged higher on Wednesday, shrugging off faltering oil prices and reports of soft iPhone X demand, as a ral...Read More
(Bloomberg) -- Copper in London surged to the highest in almost four years after China ordered its top producer to halt output to combat winter pollution, fueling a rally this year driven by optimism about demand and supply disruptions at mines. Jiangxi Copper Co. was told to cut production for at least a week before a new assessment is made on local pollution levels. Earlier in the month, the No....Read More
* Euro hits 3-1/2 week high vs dollar* Bitcoin struggles to rise further after last week's selloff* Commodities rally supports Canadian, Australian dollars (Updates market action, adds quote)By Richard LeongNEW YORK, Dec 27 (Reuters) - The U.S. dollar fell to a 3-1/2 week low against a basket of currencies on Wednesday as traders bet more major central banks will begin reducing monetary stimulus i...Read More
* Oil prices fall from 2015 highs, U.S. crude at $59.53/bbl* China imports fuel copper's ascent to 3-1/2 year high* Tesla down on KeyBanc's lowered est for Model 3 deliveries* Indexes up: Dow 0.15 pct, S&P 0.16 pct, Nasdaq 0.25 pct (Changes comment, updates prices, adds details)By Sruthi ShankarDec 27 (Reuters) - U.S. stocks edged higher in late morning trading on Wednesday, helped by gains in...Read More
* Copper near 4-year high, boding well for 2018 growth* Stocks up but iPhone X concerns weigh on tech* Strong global growth expectations weigh on dollar (Updates to U.S. market open, changes byline and dateline, previous LONDON)By Trevor HunnicuttDec 27 (Reuters) - World stocks edged higher on Wednesday as a strong rally in copper buoyed expectations for a strong year for the global economy in 201...Read More
* Oil prices fall from 2015 highs, U.S. crude at $59.53/bbl* China imports fuel copper's ascent to 3-1/2 year high* Tesla down on KeyBanc's lowered est for Model 3 deliveries* Indexes up: Dow 0.02 pct, S&P 0.06, Nasdaq 0.07 pct (Updates to open)By Sruthi ShankarDec 27 (Reuters) - U.S. stocks were little changed in morning trading on Wednesday, with gains in healthcare and technology stocks hel...Read More