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

SHANGHAI, Jun 4 (SMM) – A total of 226 metal and nonmetal mines in Tangshan, Hebei province are required to suspend operation until they obtain a valid "safe production licence", or renew their licences, according to a municipal government notice released on Sunday June 3.The suspension is likely to further tighten supplies of iron ore concentrate in Tangshan and sup...Read More

SHANGHAI, Jun 4 (SMM) – Social inventories of zinc as of Monday June 4 increased 3,800 mt from Friday June 1 and stood at 122,100 mt across Shanghai, Guangdong and Tianjin, SMM data showed.A rise of 4,800 mt across Shanghai's warehouses and more deliveries of imported zinc during the weekend accounted for the increase.Compared to last Friday, inventories shrank 650 mt to 20,200 mt in Gua...Read More

SHANGHAI, Jun 4 (SMM) –Copper: The SHFE 1807 contract rose above the daily moving average after it fell to a low of 51,490 yuan/mt last Friday night. Technically, LME copper now struggles among several moving averages. We see some upward momentum for it as its KDJ indicator expands upwards. The SHFE 1807 contract now stands firmly above the 51,500 yuan/mt level. We expect LME copper to...Read More

SHANGHAI, Jun 4 (SMM) –Copper: The SHFE 1807 contract rose above the daily moving average after it fell to a low of 51,490 yuan/mt last Friday night. Technically, LME copper now struggles among several moving averages. We see some upward momentum for it as its KDJ indicator expands upwards. The SHFE 1807 contract now stands firmly above the 51,500 yuan/mt level. We expect LME copper to...Read More

SHANGHAI, Jun 4 (SMM) –Copper: The SHFE 1807 contract rose above the daily moving average after it fell to a low of 51,490 yuan/mt last Friday night. Technically, LME copper now struggles among several moving averages. We see some upward momentum for it as its KDJ indicator expands upwards. The SHFE 1807 contract now stands firmly above the 51,500 yuan/mt level. We expect LME copper to...Read More

BOTSWANA – Botswana’s central bank has urged the government to overhaul the southern African nation’s tax regime and prepare the economy for declining contributions from diamonds.Botswana relies on gemstones for almost a fifth of its gross domestic product and used the revenue generated from sales to transform the nation from an economic backwater into one of the continent’...Read More

Is the Fed ready for the next recession?The answer is no.Extensive research shows that it takes between 300 and 500 basis points of interest rate cuts by the Fed to pull the U.S. economy out of a recession. (One basis point is 1/100th of 1 percentage point, so 500 basis points of rate reduction means the Fed would have to cut rates 5 percentage points.)Right now the Fed's target rate for fed funds...Read More

Bad news frightens us - but good news terrifies us.The May jobs report came out Friday.It revealed the unemployment rate has sunk to a booming 3.8%.For only the second occasion since 1969... the unemployment rate has slipped below 4%.(Well are we aware that official unemployment numbers do not necessarily reflect the actual unemployment rate. For simplicity's sake, we defer to official numbers tod...Read More

I've long thought - in my non-geologist, amateur way - that Idaho has some of the most favorable geology in the United States.I've also thought that companies that were smart enough to recognize the opportunity would do well to use the bear market to look at past-producing projects with fresh eyes.That's exactly what companies like Midas Gold and Revival Gold, among others, are doing. In the case...Read More

Erd??l: Globale Nachfrage erreicht in 2018 ein neues RekordhochRead full newsRead More

A judge from the Ecuadorian province of Cuenca ruled that Ecuagoldmining South America S.A, owned by Chinese investment firm Junefield Group S.A., violated article 57 of the country's Constitution, which establishes people's right to be consulted prior to the development of any resource exploitation project in their communities. Judge Pa??l Serrano said that given such violation, Ecuagoldmining sh...Read More

The CEO of Australian iron ore producer Fortescue Metals Group (ASX:FMG) said that the company is working towards finding other commodities to mine.In an interview with local conglomerate Fairfax Media, Elizabeth Gaines said that she has high hopes for the exploration work for copper, gold and lithium that the company is advancing in Ecuador and Argentina. Gaines said that finding the right projec...Read More

The CEO of Australian iron ore producer Fortescue Metals Group (ASX:FMG) said that the company is working towards finding other commodities to mine.In an interview with local conglomerate Fairfax Media, Elizabeth Gaines said that she has high hopes for the exploration work for copper, gold and lithium that the company is advancing in Ecuador and Argentina. Gaines said that finding the right projec...Read More

The CEO of Australian iron ore producer Fortescue Metals Group (ASX:FMG) said that the company is working towards finding other commodities to mine.In an interview with local conglomerate Fairfax Media, Elizabeth Gaines said that she has high hopes for the exploration work for copper, gold and lithium that the company is advancing in Ecuador and Argentina. Gaines said that finding the right projec...Read More

A senior aide to U.S. President Donald Trump described trade frictions with Canada on Sunday as a "family quarrel," and brushed aside concerns expressed by Canadian Prime Minister Justin Trudeau."I think he's overreacting," White House economic adviser Larry Kudlow said of Trudeau on Fox News Sunday. Kudlow also said the steel and aluminum tariffs on U.S. allies "may go on for a while" or "they ma...Read More

Tanzania will issue large-scale mining licences only after cabinet approval, a senior official said on Friday, part of new measures aimed at further tightening control of the industry.Read full newsRead More

Gold mine owners have polluted a river in Brazil's Tapaj??s basin and placed a price on the heads of resisting Munduruku leaders. A federal raid in May failed to stem the conflict.Read full newsRead More

Local media in Pakistan are reporting that four workers died after a gas explosion prompted the collapse of the coal mine where they were working.The mine is located in an area known as Sanjadi, some 70 kilometres from Quetta, the capital city of the northern province of Balochistan.Chief Inspector of Mines Iftikhar Ahmed told GeoTV that at the time of the explosion, nine people were working at th...Read More

China warned the United States on Sunday that any agreements reached on trade and business between the two countries will be void if Washington implements tariffs and other trade measures, as the two ended their latest round of talks in Beijing.A short statement, carried by the official Xinhua news agency, made no mention of any specific new agreements after U.S. Commerce Secretary Wilbur Ross met...Read More

When it comes to investing in the precious metals space, the following companies are good for your consideration. Analysts believe these stocks can experience some nice upside over the next 12 months.Goldcorp Inc. (TSX:G)(NYSE:GG) is a large-cap gold producer with operations in seven countries. In the first quarter, Goldcorp produced 590,000 ounces of gold at all-in sustaining costs of US$810 per...Read More