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

(IDEX Online) - Alrosa's rough and polished sales hit their lowest point of the year in July, down to $334m (provisional) as demand outstripped supply.Miners are struggling with inventories at record low levels, the company said today, reinforcing an earlier warning of a long period of "supply deficit". And prices are back to pre-Covid levels.Total sales in July were down more than 18 per cen...Read More

(IDEX Online) - Israel's diamond trade is bouncing back as global demand recovers, and business booms with UAE following last September's normalization agreement.Rough exports were up 229 per cent year-on-year for January to July, to $1.05bn, according to Ministry of Economy and Industry figures. In July almost 11 per cent of rough exports were to UAE, a market that was officially c...Read More

(IDEX Online) - Fugitive diamond billionaire Nirav Modi has been granted the right to appeal his extradition to India, after a judge ruled he was severely depressed and could kill himself.Modi, 50, (pictured) is accused of fraudulently using letters of undertaking offered by the Punjab National Bank (PNB) in an alleged $1.85bn fraud.He was arrested in London in March 2019 as India's most want...Read More

The event attracted 2520 delegates - the second-highest number ever - and it was wall-to-wall people in the two marquees.Read More

Future remains golden for Rox ResourcesSPONSOREDrox resourcesCashed-up Karora is doubling gold production at a blistering paceSPONSOREDkarora resourcesZinc-lead discovery helps Zenith double market capSPONSOREDzenith mineralsMining and the lack of external investmentSPONSOREDswannThe company produced 23,474 tonnes of copper in the quarter at a cash cost, net of by-product credits, of 84c per pound...Read More

The Wall Street Journal reviewed and published the findings of the 157-page report, which was later verified by Rio Tinto-controlled 66% Oyu Tolgoi owner Turquoise Hill Resources.Read More

The intercept also included 550.52m at 0.51% Cu-eq and 117m at 0.73% Cu-eq."Hole THN21-183 is our best porphyry hole to date on the Camp Creek target and clearly demonstrates the significant potential for a large mineralised system," VP of exploration Christina Anstey said.A follow-up hole was collared 120m west of the above-mentioned drill hole, which intercepted similar "broad porphyry-style min...Read More

Centerra Gold (TSX: CG) remains "financially strong" with solid performance and a healthy outlook at its other operations three months following the Kyrgyzstan government's seizure of the Kumtor mine, says CEO Scott Perry.In its June-quarter financial report, Toronto-based Centerra noted its cash position at the end of June was up by almost US$60 million quarter-on-quarter at US$883 million.It giv...Read More

Talisker Resources (TSX: TSK; US-OTC: TSKFF) has reported very long mineralized intervals from drilling at its 100%-owned Bralorne gold project, where it is preparing an initial resource estimate due out in 2022.In the Pioneer block, Hole 2021-040 extended mineralization 140 metres down plunge and intersected 114.2 metres grading 1.02 grams gold per tonne. This represents part of a longer, 200-met...Read More

Nutrien's (NYSE: NTR) shares are trading in the black on Tuesday after the company released strong June-quarter operating and financial results and guided for full-year earnings per share well above average Wall Street expectations.The Saskatoon, Saskatchewan-based crop nutrients giant cites its strong year-to-date operating performance and significant leverage to higher fertilizer prices for the...Read More

This week's episode features Cameco's Q2 conference call with CEO Tim Gitzel, who discusses the company's ongoing challenges with low uranium prices. Despite optimistic forecasts for a uranium supply crunch, Gitzel explains how the market remains oversupplied, with the company continuing its strategy to buy uranium off the spot market to reduce available supply. He also discusses how the European...Read More

Australia's Vital Metals (ASX: VML), the first rare earths producer in Canada, has announced a trading halt until August 12 on reports of alleged negotiations to acquire two projects in Quebec, one of which is considered to be the world's fourth largest dysprosium deposit. The company, AFR reported, is said to be in final talks to acquire the Zeus project and a 68% interest in Kipawa, two rar...Read More

A new report by Wood Mackenzie predicts that the usage of aluminum, copper, and zinc in the solar power sector will double by 2040, thus prompting an increase in demand. "Base metals are an integral component of solar power systems," Kamil Wlazly, Wood Mackenzie's senior research analyst, wrote in the report. "A typical solar panel installation requires aluminum for the front frame and a combin...Read More

Following a rejection of the Grassy Mountain metallurgical coal project in Alberta from a joint review panel last month, Benga Mining has now received a second "no" - this one from the federal government.In a decision released on Friday, Jonathan Wilkinson, Canada's Minister of Environment and Climate Change, said that a review of all relevant information, including the joint panel's June 17 repor...Read More

I've been analyzing currency wars for years. In fact, I've written a book called Currency Wars, so I have some expertise in the subject.A new front in the currency wars is emerging, but it has not yet erupted into blatant currency manipulation. That will probably come in early 2022.First, we'll likely pass through a major market disruption that will force the dollar significantly higher against ot...Read More

Dear Outsider,I spotted a large X in the middle of a busy street and carefully ambled through traffic to stand on it. I cast my eyes upwards, to an open window in the Texas School Book Depository. Yes, that book depository. I was in Dealey Plaza standing on the very spot where John F. Kennedy was assassinated on November 22, 1963. It was quite surreal, as the window that Lee Harvey Oswald alleged...Read More

Kyrgyzstan's nationalization of Centerra Gold's large mining operation is one of the most brazen moves in recent years by a country to assert control over valuable natural resources, mining and legal experts say.Read full newsRead More

Australian gold miner Resolute Mining Ltd said on Thursday it would sell its Bibiani mine in Ghana to Canada's Asante Gold Corp for $90 million.Read full newsRead More

The US payroll figures were "a game-changer", Pepperstone head of research Chris Weston said, adding "this is progress and the US economy no longer requires the level of support it once did."Total nonfarm payroll employment rose by 943,000 in July, with figures also revised upwards for both May and June, and the unemployment rate fell to 5.4%.The precious metal fell below US$1,700 an ounce on the...Read More

Solar panels require aluminium for the front frame and a combination of aluminium and galvanised steel (zinc) for structural parts.Read More