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
* India asks Ethiopia to help IL&FS employees held hostage* Seven IL&FS employees were held by local Ethiopian staff* Indian firm has not paid salaries, employees say (Adds comment from Indian company IL&FS)By Aditya KalraNEW DELHI, Dec 1 (Reuters) - Employees of Indian company Infrastructure Leasing & Financial Services (IL&FS) taken hostage by local staff in Ethiopia say they...Read More
(IDEX Online News) - The IDEX polished diamond price index was up slightly in November during the month. ...Read More
(IDEX Online News) - There were slightly more declines than risers in round and fancy shape diamonds in November. Round goods saw a downward trend in goods of less than 1 carat, while stones of 1.5 carats and above saw rises. There were decreases in 0.18-0.22 carat stones in H-I, SI1-SI2, of 4-5%; in 0.30-0.39 carat diamonds D, VVS2-SI2, of 2-3%; in 0.40-0.44 carat diamonds J-K, IF-VVS1, of 2%; as...Read More
(IDEX Online) - Significant achievements in the harmonization of wording on laboratory reports and the reporting of new treatments were reached during the 29th meeting of the Laboratory Manual Harmonisation Committee (LMHC), which was recently hosted by the G? 1/4 belin Gem Lab in Lucerne, Switzerland. The LMHC is currently comprised of representatives from the Central Gem Laboratory (CGL),...Read More
A Greek court has acquitted 21 people accused of raiding prospective gold mining facilities in the north of the country, which many local residents strongly oppose on environmental groundsRead full newsRead More
A Greek court has acquitted 21 people accused of raiding prospective gold mining facilities in the north of the country, which many local residents strongly oppose on environmental groundsRead full newsRead More
Tear gas, stun grenades and a water cannon were deployed...Read full newsRead More
How you can transform lagging indicators into leading indicators. From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of the trading world's constant need to stay ahead of the curve since the first exchange opened its door over 200 years ago.After all, every trader is always looking for an edge... Some way to predict what will happen next... And hopefully...Read More
Just when relief was in sight for Canada's beleaguered heavy oil producers, a new threat is emerging.A new rule taking effect in 2020 aimed at reducing pollution by cutting the sulfur content of maritime fuel will make sulfur-heavy oil sands crude less desirable. That may dampen the impact of an Enbridge Inc. pipeline expansion and additional rail capacity that oil producers are counting on to eas...Read More
Just when relief was in sight for Canada's beleaguered heavy oil producers, a new threat is emerging.A new rule taking effect in 2020 aimed at reducing pollution by cutting the sulfur content of maritime fuel will make sulfur-heavy oil sands crude less desirable. That may dampen the impact of an Enbridge Inc. pipeline expansion and additional rail capacity that oil producers are counting on to eas...Read More
Traders don't need to wait until the opening bell to start raking in massive wins.In light of the recent market action, many traders are taking time to reevaluate their portfolios...Analyzing their open positions...And getting ready to make any needed changes to their trading in the weeks and months ahead.However, most traders are under the impression that they have to wait until markets open to...Read More
The Peruvian Ministry of Energy and Mines' latest statistical report reveals that, in the 10th month of the year, the country's gold output fell by 6.3% when compared to October of 2017. This, despite the fact that Minera Yanacocha, which is the main producer of the yellow metal, grew its output by 8.1%.Copper production, on the other hand, fell by 3.8% in October when compared to the previous yea...Read More
The Peruvian Ministry of Energy and Mines' latest statistical report reveals that, in the 10th month of the year, the country's gold output fell by 6.3% when compared to October of 2017. This, despite the fact that Minera Yanacocha, which is the main producer of the yellow metal, grew its output by 8.1%.Copper production, on the other hand, fell by 3.8% in October when compared to the previous yea...Read More
The Peruvian Ministry of Energy and Mines' latest statistical report reveals that, in the 10th month of the year, the country's gold output fell by 6.3% when compared to October of 2017. This, despite the fact that Minera Yanacocha, which is the main producer of the yellow metal, grew its output by 8.1%.Copper production, on the other hand, fell by 3.8% in October when compared to the previous yea...Read More
The Peruvian Ministry of Energy and Mines' latest statistical report reveals that, in the 10th month of the year, the country's gold output fell by 6.3% when compared to October of 2017. This, despite the fact that Minera Yanacocha, which is the main producer of the yellow metal, grew its output by 8.1%.Copper production, on the other hand, fell by 3.8% in October when compared to the previous yea...Read More
The Peruvian Ministry of Energy and Mines' latest statistical report reveals that, in the 10th month of the year, the country's gold output fell by 6.3% when compared to October of 2017. This, despite the fact that Minera Yanacocha, which is the main producer of the yellow metal, grew its output by 8.1%.Copper production, on the other hand, fell by 3.8% in October when compared to the previous yea...Read More
The stock market "secret" no one is talking about.The world's richest investors have been using this simple "trick" to build massive fortunes for decades.They've done everything in their power to hide the truth from individual investors. In the process they've created a totally uneven playing field... where most of the players don't even know the rules of the game.This lack of fairness is one of...Read More
MUMBAI, Nov 30 (Reuters) - The Securities and Exchange Board of India (SEBI) allowed exchanges to start commodity trading an hour earlier to increase participation of different stakeholders, the market regulator said in a statement on Friday.The commodity markets can open at 9 a.m. local time (0330 GMT), instead of 10 a.m. now, the market regulator said.The closing time for agriculture commodities...Read More
NEW DELHI, Nov 30 (Reuters) - India's economy grew a lower-than-expected 7.1 percent in the July-September quarter from a more than two-year high of 8.2 percent in the previous quarter, government data showed on Friday.The latest quarter's annual pace of growth was lower than a Reuters poll forecast of 7.4 percent.India's $2.6 trillion economy, Asia's third largest, grew 6.3 percent in the July-Se...Read More
(Corrects change in week to unchanged for Brent and an increase for U.S. crude from a drop for both.)* OPEC, Russia expected to agree supply cuts next week* Top three oil producers to attend G20 meeting this weekend* U.S. crude stocks build for 10 straight weeks amid record output* OPEC oil output falls by 160,000 bpd in Nov. - Reuters survey* Glut pushes crude into contango: https://tmsnrt.rs/2Q7...Read More