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
Currie Rose Resources (TSXV: CUI) received this week the approval of its notice of work permit application, which allows the company to start drilling at its Rossland gold project in southern British Columbia.In a press release, the Toronto-based miner said that the upcoming drill campaign is based on a review of all exploration data within the project.Besides gold, historical records identify sig...Read More
Currie Rose Resources (TSXV: CUI) received this week the approval of its notice of work permit application, which allows the company to start drilling at its Rossland gold project in southern British Columbia.In a press release, the Toronto-based miner said that the upcoming drill campaign is based on a review of all exploration data within the project.Besides gold, historical records identify sig...Read More
Currie Rose Resources (TSXV: CUI) received this week the approval of its notice of work permit application, which allows the company to start drilling at its Rossland gold project in southern British Columbia.In a press release, the Toronto-based miner said that the upcoming drill campaign is based on a review of all exploration data within the project.Besides gold, historical records identify sig...Read More
The Dubai Multi Commodities Centre and the China Gems and Jade Exchange signed a memorandum of understanding to create new trading opportunities between the United Arab Emirates and China.The China Gems and Jade Exchange is a national-level gemstone trading platform approved by the State Council of China.In a press release, the parties explained that the idea is to connect buyers and sellers of g...Read More
The Dubai Multi Commodities Centre and the China Gems and Jade Exchange signed a memorandum of understanding to create new trading opportunities between the United Arab Emirates and China.The China Gems and Jade Exchange is a national-level gemstone trading platform approved by the State Council of China.In a press release, the parties explained that the idea is to connect buyers and sellers of g...Read More
China's crude oil throughput rose in April to match record daily levels, go...Read full newsRead More
Near 17% decline in Chinese car sales in April - the 11th monthly drop in a row - compounds impact of Washington-Beijing trade salvoes.Read full newsRead More
The biggest mining companies say they are well positioned to provide the metals needed for the shift to EV technology.Read full newsRead More
No decision will be made until the end of 2020, when the company expects to have completed a study on the Jadar, which is estimated to contain 10% of the world's lithium reserves.Read full newsRead More
Top global miner tells investors it can mine potash for only $100 a tonne at $7 billion Saskatchewan fertilizer project.Read full newsRead More
Canada's Ivanhoe Mines (TSX:IVN) said Tuesday it's ready to start building its first two copper mines in the Democratic Republic of Congo and significantly advance a third project after partner Zijin Mining Group added an additional C$67 million (about $49m) into the Canadian company's coffers.Zijin, China's No.1 gold producer and Ivanhoe's partner in the now massive Kamoa-Kakula copper project...Read More
Canada's Ivanhoe Mines (TSX:IVN) said Tuesday it's ready to start building its first two copper mines in the Democratic Republic of Congo and significantly advance a third project after partner Zijin Mining Group added an additional C$67 million (about $49m) into the Canadian company's coffers.Zijin, China's No.1 gold producer and Ivanhoe's partner in the now massive Kamoa-Kakula copper project...Read More
These 25 stocks beat the S&P 500 by 2% or more on MondayWhen the S&P 500 Index (SPX) Index fell 2.4% on Monday, it was the first 2% fall in the index since January. Since 2010, there have been 12 other instances when the index got hit with such a steep decline, and it was the first 2% drop in at least three months (so I'm disregarding the 2% drops that occurred within three months of another one)....Read More
As Coast Salish People, we cannot allow any mining operations in the Skagit River Headwaters because we must restore our salmon and preserve the rights of all those for whom salmon are a cultural lifeblood.Read full newsRead More
Australian gold producer St. Barbara (ASX: SBM) is buying smaller Canadian rival Atlantic Gold Corp (TSX-V: AGB) for C$722 million ($536 million), in the last of several mergers and acquisitions targeting mostly the gold sector taking place this year.The Melbourne-based miner offered C$2.90 a share for Vancouver-based Atlantic Gold, a 39% premium to Tuesday's close, and will fund the deal from cas...Read More
Investing.com - Prices of safe-haven gold dipped below the psychologically important $1,300 level on Tuesday in Asia despite escalating trade tensions between the U.S. and China.Gold Futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, were down 0.1% to $1,299.95 by 1:28 AM ET (05:28 GMT).The move lower in gold prices came even as the trade war between China...Read More
Market futures were pointing to an upbeat start around the world today amid hopes further US-China trade talks would be successful.There was also anticipation of further economic stimulus measures in China, after data out today showed industrial output, retail sales and investment all slowed in April, Bloomberg reported.The gold price is a little softer than this time yesterday but is still a...Read More
ABN AMRO published its report with the bank's results for the first quarter of 2019. The report makes no mention whatsoever about the diamond, gem and jewelry sector. Following is an excerpt from the message by Kees van Dijkhuizen, CEO of ABN AMRO Group: ""We are building a future-proof bank through continued Innovation & Technology (I&T) improvements supported by product and process rat...Read More
Israel's diamond trade is preparing for the Las Vegas shows, the most important group of shows for the gems and jewelry trade in the United States. Dozens of Israeli diamond companies have been planning for this event for months and are looking forward to a very good show. The United States is the Israeli Diamond Industry's largest market for polished stones, accounting for close to half...Read More
Petra Diamonds announced it sold its 424.89-carat 'Legacy of the Cullinan Diamond Mine' to Stargems Group / Choron of Belgium, for just under $15 million. This exceptional D color Type IIa gem mined from the Cullinan C-Cut adds to the most famous diamonds to have originated from this historic mine. Commenting on the sale, Petra's CEO, Richard Duffy, said: "This is a significan...Read More