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

Galore Creek, one of the world's largest undeveloped copper-gold deposits, sits in a remote corner of northwestern B.C.But thanks to virtual reality, investors, newsletter writers, government officials and First Nations who want to know more about the project don't have to fly 150 kilometres past Smithers to get a first-hand look at the proposed mine site.They can now take a 3D virtual reality tou...Read More

Galore Creek, one of the world's largest undeveloped copper-gold deposits, sits in a remote corner of northwestern B.C.But thanks to virtual reality, investors, newsletter writers, government officials and First Nations who want to know more about the project don't have to fly 150 kilometres past Smithers to get a first-hand look at the proposed mine site.They can now take a 3D virtual reality tou...Read More

HARARE, June 1 (Reuters) - Zimbabwe's parliament has passed amendments to the mining bill after removing clauses that required foreign mining companies to list locally, according to an official record of parliament's debates seen on Friday.Mines Minister Winston Chitando had last month promised to remove the requirements, which he said caused panic among foreign mining firms and were contrary to t...Read More

Tech and financial stocks are leading the packU.S. stocks are trading significantly higher at midday. The Dow Jones Industrial Average (DJI) is paring yesterday's trade-war-related losses, as investors further digest this morning's better-than-expected jobs report, which indicated the unemployment rate fell to its lowest in 18 years. Finance and tech stocks are also having a big day, pushing the...Read More

The casino stock has historically struggled in JuneShares of Wynn Resorts, Limited (NASDAQ:WYNN) are trading down 2% at $191.91, after Macau gambling revenue came in lower than expected in May. This could mark the start in a shifting trend for WYNN stock, if history is any guide.In fact, according to data from Schaeffer's Senior Quantitative Analyst Rocky White, Wynn Resorts has been one of the wo...Read More

The nickel price is on a tear supported by environmental production cuts across top producer China, plunging inventories and strong steel prices.The most-traded nickel contract on the Shanghai Futures Exchange is set for a weekly gain of 5.6%, while open-interest - a measure of market participation - sits near record levels. On the London Metal Exchange, the price jumped to $15,340 a tonne on Frid...Read More

(Bloomberg) - Southern Copper Corp. is preparing to scale the ranking of global producers by spending more than $10 billion in Peru and Mexico, taking advantage of rising prices underpinned by years of industry belt-tightening.The fifth-largest copper producer hopes to start work on its Tia Maria project in Peru next year as community resistance eases, Chief Financial Officer Raul Jacob said Thur...Read More

MSFT and GOOGL are neck and neck in terms of market capEvercore ISI raised its price target on Microsoft Corporation (NASDAQ:MSFT) to $120 -- a 21% premium to last night's close at $98.84, and record-high territory for the Dow stock. This comes just days after MSFT surpassed Alphabet (GOOGL) in terms of market share. Heading into today's trading, the two tech titans were running neck and neck, spo...Read More

Square's updated guidance sparked a bullish analyst noteTwo Jack Dorsey stocks are higher this morning, after receiving some bullish brokerage attention. In fact, both Twitter Inc (NYSE:TWTR) and Square Inc (NYSE:SQ) are onred-hot winning streaks, and have attractively priced options to boot.Twitter Stock Expecting a World Cup KickTwitter stock is up 2.8% to trade at $35.62 this morning, after...Read More

(Bloomberg) - The Democratic Republic of Congo's Supreme Court ruled a provincial tribunal can hear a case brought by the state mining company to dissolve a unit of Glencore Plc.The decision is a setback for the Swiss commodity trader, which is facing multiple disputes in the central African nation. Glencore-controlled Katanga Mining Ltd. had challenged the Kolwezi Commercial Court's competence t...Read More

(Bloomberg) - The Democratic Republic of Congo's Supreme Court ruled a provincial tribunal can hear a case brought by the state mining company to dissolve a unit of Glencore Plc.The decision is a setback for the Swiss commodity trader, which is facing multiple disputes in the central African nation. Glencore-controlled Katanga Mining Ltd. had challenged the Kolwezi Commercial Court's competence t...Read More

LONDON, June 1 (Reuters) - So the trade wars begin.As of today the United States will impose tariffs on imports of steel and aluminium from Canada, Mexico and the European Union (EU).Canada and Mexico have already responded in kind. The EU won't be far behind.Steel and aluminium are but pawns in a bigger trade game, the unique characteristics of each supply chain forgotten as the U.S. administrati...Read More

The shares have already more than doubled in the past yearThe shares of T2 Biosystems Inc (NASDAQ:TTOO) started the week on a high note, notching a nearly two-year high of $9.05 earlyTuesday, after the Food and Drug Administration (FDA) approved the firm's bacteria detection test in human blood specimens. However, the equity ended that session lower, and before the open today was pacing for its wo...Read More

AMD stock has rallied into familiar resistanceChipmaker Advanced Micro Devices, Inc. (NASDAQ:AMD) is trading higher this morning, after the stock received a price-target hike at Stifel. While the brokerage firm maintained its "buy" rating, it hiked the equity's price target to $17 from $14 -- territory not charted since early 2007 -- saying the company's "broader PC CPU offering will allow AMD to...Read More

WASHINGTON/BRUSSELS, June 1 (Reuters) - U.S. President Donald Trump told Canada and the European Union on Friday to do more to bring down their trade surpluses, a day after hitting the two U.S. allies and Mexico with import tariffs on their steel and aluminium.Trump castigated Canada in a tweet on Friday morning, saying it had treated U.S. farmers "very poorly for a very long period of time"."High...Read More

SANTIAGO, June 1 (Reuters) - The union of workers at BHP's Escondida copper mine in Chile said on Friday it had kicked off the latest round of labor negotiations with a contract proposal that includes a bonus of about $34,000 per worker at the world's largest copper mine.The closely-watched talks come little more than one year after failure to reach a labor deal at the mine led to a 44-day strike...Read More

Shares in Chilean lithium producer SQM (NYSE:SQM) trading in New York in the form of ADRs declined more than 3% on Friday dropping the market value of the company to $14 billion following the auction of a large block of shares.Canadian fertilizer company Nutrien auctioned its remaining stake in SQM for nearly $1 billion. Reuters reports the nearly 20.17 million B-series shares in SQM sold on Chile...Read More

Nominations for the second MiningNews.net Annual Awards for Excellence open todayRead full newsRead More

Wage growth edged up at a quicker-than-expected paceDow Jones Industrial Average (DJI) futures are signaling a triple-digit jump at the start, after the Labor Department's nonfarm payrolls report showed the U.S. added a stronger-than-expected 223,000 jobs in May. The unemployment rate fell to 3.8%, the lowest in 18 years, while wage growth edged up a quicker-than-expected 0.3% month-over-month, br...Read More

* Company expects to see fruits of past investments in 2019Read full newsRead More