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) - The Central African Republic's (CAR) Minister of Mines and Geology, Leopold Mboli Fatran (pictured above), has appealed to international diamond mining and trading companies to engage in responsible sourcing in the country together with the CAR.   It is the intent of the CAR government to look for partners for structural reform of its artisanal mining sector to revive the...Read More

(IDEX Online) - The Dubai Diamond Exchange (DDE), a subsidiary of DMCC, the world's flagship Free Zone and Dubai government authority on commodities trade and enterprise, in collaboration with Stargems Group, completed six successful rough diamond tenders of SACIM goods (Anhui-Congo Mining Investment Company) with over 2 million carats sold.   The tenders were held at the Almas Tower with ar...Read More

(IDEX Online) - Rio Tinto's 2018 Argyle Pink Diamonds Tender collection of 63 rare pink, red and violet diamonds from its Argyle mine in Australia has delivered a record result reflecting strong global demand for fancy colored diamonds, the miner said.   "These results are also a reflection of Argyle approaching the end of its mine life, with the supply of these extremely rare diamonds becom...Read More

(IDEX Online) - ALROSA said its rough diamond sales last month amounted to $233.9 million, while sales for the first 10 months of 2018 amounted to $3.8 billion.   In October, ALROSA's total group sales were $242.8 million, a 28% decline on the year, with polished diamond sales amounting to $8.9 million.   ALROSA's total diamond sales in January-October 2018 grew 6% YoY and amo...Read More

Rio Tinto Exploration Canada (RTEC) has started drilling the Fort à la Corne kimberlites, in Saskatchewan, as it reinvestigates these kimberlites that Star Diamond and other companies have previously explored.The Fort à la Corne kimberlites are outside the Star and Iron South kimberlites, which are the subject of an option agreement between RTEC and Canadian junior Star Diamonds.Adve...Read More

Votorantim SA, one of Brazil's biggest diversified industrial groups, on Friday posted a sharp drop in net income in the third quarter from a year earlier, as a weaker Brazilian currency hit the company.Net income came in at 112 million reais in the third quarter, down 78.4 percent from a year earlier.In a statement, privately owned Votorantim said a weaker currency pushed up dollar-denominated de...Read More

OPEC and its allies gathered for a meeting in Abu Dhabi amid signs that they'll consider cutting production next year.A technical committee representing the coalition projected on Saturday a global oil surplus will resurface in 2019 if they continue to produce at current rates, according to delegates familiar with its conclusions.Nonetheless, Saudi Arabia's Energy Minister - representing OPEC's bi...Read More

Platinum miners in Zimbabwe plan to jointly develop a base-metal refinery in the country, Mines Minister Winston Chitando said.The processing plant has been under consideration since at least 2014. The project may cost $134 million, the state-owned Zimbabwe Broadcasting Corp. reported in September.Zimplats Holdings Ltd., Unki PGM Mine and Mimosa Mine have "come up with a joint plan to set up a bas...Read More

Guru increased holding of these eight stocksRead full newsRead More

According to newly published research, mining cryptocurrency takes nearly twice as much energy than mining gold, platinum, and copper, on average.Read full newsRead More

Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More

This free e-book offers options basics for any trader.It's essential for every trader to occasionally take a step back, and consider their long-term trading goals.Some traders aretrying to fund a child's college education, augment their own retirement, or leave the daily 9-to-5 grind once and for all, while others are seeking a way to smooth out crazy market volatility and whipsaw swings in their...Read More

The Bank of England has refused to release Venezuela's gold bars, insisting that standard measures to prevent money-laundering be taken including clarification of the Venezuelan government's intentions for the gold. Read full newsRead More

The Bank of England has refused to release Venezuela's gold bars, insisting that standard measures to prevent money-laundering be taken including clarification of the Venezuelan government's intentions for the gold. Read full newsRead More

* U.S. crude down 22 pct from October peak, Brent down 20 pct* Iran sanctions impact dampened by broad exemptions* U.S., Russia, Saudi crude output: https://tmsnrt.rs/2Rua0R8* Asia gasoline margins turn negative: https://tmsnrt.rs/2PNUIcZ (New throughout, updates prices and market activity, adds CFTC data)By Devika Krishna KumarNEW YORK, Nov 9 (Reuters) - Oil prices fell nearly 1 percent on Friday...Read More

By Sanjeev MiglaniNEW DELHI, Nov 9 (Reuters) - India's government said it will sell stocks worth millions of dollars seized from people who moved to Pakistan following partition in 1947 and the wars since, as a way to make up for a shortfall in revenues.The stocks worth at least 30 billion rupees ($412.26 million) are part of what India calls "enemy properties" that once belonged to people who wen...Read More

* NSE index down 0.2 pct, BSE index 0.1 pct lower* IT, energy stocks drag; financials top boostNov 9 (Reuters) - Indian shares closed slightly lower on Friday, dragged by top IT and energy stocks, while gains in the financial and consumer counters arrested the downside.The benchmark BSE index .BSESN fell 0.22 percent to 35,158.55, while the broader NSE index .NSEI declined 0.12 percent to 10,585.2...Read More

Investing.com - Gold prices slumped on Friday as inflation data pointed to steady interest rate increases by the Federal Reserve.Comex gold futures for December delivery fell 1.17% to $1,211.90 a troy ounce as of 11:11 AM ET (16:11 GMT).The producer price index (PPI) increased 0.6% in October. The higher-than-expected numbers support the Fed’s gradual rate increase policy, which helped boost...Read More

* Walt Disney (NYSE:DIS) gains on strong Q4 results* General Electric (NYSE:GE) falls after J.P. Morgan cuts PT* U.S. crude in bear territory, below $60 a barrel* Indexes down: Dow 0.58 pct, S&P 0.74 pct, Nasdaq 1.10 pct(Updates to open)By Sruthi ShankarNov 9 (Reuters) - U.S. stocks fell on Friday, with shares of technology, energy and industrial companies bearing the brunt of a selloff, a...Read More

* Walt Disney (NYSE:DIS) gains on strong Q4 results* General Electric (NYSE:GE) falls after J.P. Morgan cuts PT* U.S. crude in bear territory, below $60 a barrel* Futures down: Dow 0.55 pct, S&P 0.58 pct, Nasdaq 0.91 pct (Changes comment, adds details, updates prices)By Sruthi ShankarNov 9 (Reuters) - U.S. stocks were set to fall at the open on Friday, as a batch of weak Chinese data raise...Read More