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

* Japan's Mitsubishi Materials on Thursday said that its Indonesia copper smelting unit, PT Smelting, has declared force majeure on deliveries of products to some customers as maintenance at its plant in the country had been extended.* The smelter on Oct. 31 went into maintenance that was scheduled for about 30 days, but that has been extended due to a lack of oxygen supply from a neighboring oxyg...Read More

Democratic Republic of Congo's state mining company blamed international investors and anti-corruption activists for the country's lack of progress despite its vast mineral wealth.Non-governmental organizations including the Atlanta-based Carter Center and London-based Global Witness have accused Gecamines of failing to account for hundreds of millions of dollars paid to the state miner by the com...Read More

Democratic Republic of Congo's state mining company blamed international investors and anti-corruption activists for the country's lack of progress despite its vast mineral wealth.Non-governmental organizations including the Atlanta-based Carter Center and London-based Global Witness have accused Gecamines of failing to account for hundreds of millions of dollars paid to the state miner by the com...Read More

Nov 29 (Reuters) - Lonmin Plc, which is being bought by Sibanye-Stillwater, reported its first annual operating profit in four years as cost cuts by the platinum miner paid off.Lonmin also said on Thursday it expects Sibanye's deal to close early next year, but cautioned that some uncertainty still exists over its completion, which is subject to certain conditions.Lonmin shares rose as much as 9.3...Read More

DB has shed roughly half its value in 2018The shares of Deutsche Bank AG (NYSE:DB) are down 3.3% to trade at $9.56 this morning after it was reported German authorities raided the company's offices early this morning, in connection to a money laundering investigation. Two staff members were allegedlysetting up offshore firms as part of what's been dubbed the "Panama Papers." On the charts, Deuts...Read More

The shares are running into familiar resistance, thoughThe shares of Tonix Pharmaceuticals (NASDAQ:TNXP) have shot up 76.57% to trade at $6.71, on news the Food and Drug Administration (FDA) approved the drugmaker's late-stage study for its post traumatic stress disorder (PTSD) treatment. The trial will launch in the first-quarter of next year, with preliminary data expected in the first half of 2...Read More

LONDON, Nov 29 (Reuters) - Broker Amalgamated Metal Trading Ltd has been appointed by the London Metal Exchange as a liquidity provider for its steel contracts, giving a boost to the market as the first ring trader in that role.AMT is one of nine top tier LME members that are allowed to trade in the open outcry ring as well as over the telephone and on the exchange's electronic system, meaning it...Read More

Construction for the project will start in 2019, with first production expected in late-2021.Read full newsRead More

FRANKFURT, Nov 29 (Reuters) - German carmaker BMW is exploring ways to improve working conditions for mining cobalt in Congo through a pilot project also supported by chemicals giant BASF, battery maker Samsung SDI and a development agency.Carmakers seeking to boost sales of electric cars are struggling to get their hands on cobalt, a scarce but vital component in the production of batteries. The...Read More

BRITISH COLUMBIA - Dunnedin Ventures of Vancouver is spreading its wings. Earlier this week, the company updated readers on its exploration program at the Kahuna kimberlite. Now the company announced that it has acquired a 100% interest in a copper-gold porphyry property near Princeton.Dunnedin acquired the new property from private vendor who will receive $100,00 and 1.8 million Dunnedin shares...Read More

JAKARTA, Nov 29 (Reuters) - Indonesian President Joko Widodo called on Thursday for an "immediate" end to issues holding up the country's plans to acquire a majority stake in Freeport-McMoRan Inc's giant Grasberg copper mine in Papua.For Widodo, seeking reelection next year, getting a majority stake in the mine for Indonesia would be a political boon.The deal, which would give Indonesia and state-...Read More

BRITISH COLUMBIA - Dunnedin Ventures of Vancouver is spreading its wings. Earlier this week, the company updated readers on its exploration program at the Kahuna kimberlite. Now the company announced that it has acquired a 100% interest in a copper-gold porphyry property near Princeton.Dunnedin acquired the new property from private vendor who will receive $100,00 and 1.8 million Dunnedin shares...Read More

KINSHASA, Nov 29 (Reuters) - The authorities in Democratic Republic of Congo will audit the supply chain for Glencore's Kamoto project next week to determine where small amounts of uranium detected in its cobalt come from, the mines minister said on Thursday.Glencore subsidiary Katanga Mining said on Nov. 6 it had halted cobalt exports from Kamoto in southeastern Congo while it builds a facility t...Read More

SANTIAGO, Nov 29 (Reuters) - Chile's Codelco, the world's largest copper producer, said on Thursday that mine output fell 3 percent in the first nine months of the year as ore grades sharply declined, leading to a 12 percent drop in pretax profit.The state-run copper miner earned $1.42 billion pretax between January and September as production costs jumped 5 percent to $1.39 from the year-ago peri...Read More

Nov 29 (Reuters) - Detour Gold Corp said on Thursday Chief Executive Officer Michael Kenyon will head the company until it finds a permanent replacement, pushing back against hedge fund Paulson & Co's demand to immediately replace him.Paulson & Co, which has a stake of about 6 percent in the miner, has pushed for Kenyon's resignation, saying the company had "unsuccessfully tried to boost short-ter...Read More

The Dow components are enjoying bullish analyst notes this morningBoeing Co (NYSE:BA) yesterday gained nearly 5% amid the broad-market tailwinds, closing atop its 10-day moving average for the first time in over two weeks, while technical traders may have also noticed a quick rebound back above the longer-term 320-day moving average, as well. Prior to Nov. 19, the shares had not closed below this...Read More

Yesterday was the Dow's best session since MarchDow Jones Industrial Average (DJIA) futures are signaling a pullback, after the index enjoyed its best session since March yesterday. The optimism generated from Fed Chair Jerome Powell's dovish comments on interest rates has seemingly worn off, replaced by tension ahead of this weekend's G-20 summit, where U.S. and Chinese leaders are expected to...Read More

World's top diamond producer by output Alrosa (MCX:ALRS) made $90 million in six auctions held in Israel this year.The auctions were for large rough diamonds, with the latest one focusing on special size gems larger than 10.8 carats - and it fetched $17 million. 100 companies from Israel, Belgium, Hong Kong, India, UAE, the US, and Russia were invited to participate, and 44 took home the coveted s...Read More

World's top diamond producer by output Alrosa (MCX:ALRS) made $90 million in six auctions held in Israel this year.The auctions were for large rough diamonds, with the latest one focusing on special size gems larger than 10.8 carats - and it fetched $17 million. 100 companies from Israel, Belgium, Hong Kong, India, UAE, the US, and Russia were invited to participate, and 44 took home the coveted s...Read More

A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More