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 News) - The GIA's sixth International Gemological Symposium, to be held from October 7-9 in Carlsbad, CA, will close with "Futurescape Forum," featuring six prominent leaders from across the trade discussing the industry's trajectory.   These will include rapid advancements in research and technology, changing consumer tastes, shifting norms for miners, manufacturers and retailers, and...Read More

The company had the option to acquiring the remaining stake in the prospecting licences, which it has now exercised, while terminating the existing joint venture agreement.Walkabout executive chairman Trevor Benson said the acquisition would add value to the company and showed management was confident in the project and progression in Tanzania.The company is still waiting for Lindi Jumbo's mining...Read More

(IDEX News) - Aysen S. Nikolaev, who until recently served as the Mayor of Yakutsk, capital of the Republic of Sakha (Yakutia) Republic, was appointed as acting Governor of the Republic of Sakha by Vladimir Putin, President of the Russian Federation, the Moscow Diamond Bourse said in a statement.   He recently visited Israel, with his visit being coordinated by Alex Popov, President of the Mo...Read More

(IDEX News) - The 35th edition of the India International Jewellery Show (IIJS) will take from August 9-13 at Bombay Exhibition Centre, Goregaon, the Gem and Jewellery Export Promotion Council (GJEPC) announced.   The GJEPC expects around 40,000 domestic and international footfalls this year, adding that are expected to be 1,300 booths. There will be a special preview on August 8 for interna...Read More

A second pour is scheduled for the end of this week. Managing director Mike Dunbar said to say the company was pleased by Gascoyne's development from a junior with less than 200,000 ounces of resources on listing in 2009 to today's modern mining operation "would be a massive understatement". He praised GR Engineering achieving practical completion ahead of schedule and under budget, and...Read More

The PEA set out an after-tax NPV (7% discount) of US$338.3 million, an IRR of 50.8%, a payback period of 1.72 years, with an initial capex of $116.76 million including a 25% contingency.It outlined a 13.5-year mine life producing an average 9.65 million pounds of vanadium pentoxide at an all-in sustaining cost of $6.28/lb and estimated an average selling price of $12.73/lb.Monday's V2O5 price was...Read More

SHANGHAI, May 30 (SMM) – Most nonferrous metals futures dipped except for SHFE tin and nickel. Copper led losses to close 1.47% lower, lead fell 0.65%, and aluminium and zinc inched down.The ferrous complex, except for coking coal and iron ore, rose across the board. Hot-rolled coil and coke gained over 1%, and rebar went up nearly 1%.Copper: US-Sino trade tension weighed on the market&...Read More

SHANGHAI, May 30 (SMM) – Most nonferrous metals futures dipped except for SHFE tin and nickel. Copper led losses to close 1.47% lower, lead fell 0.65%, and aluminium and zinc inched down.The ferrous complex, except for coking coal and iron ore, rose across the board. Hot-rolled coil and coke gained over 1%, and rebar went up nearly 1%.Copper: US-Sino trade tension weighed on the market&...Read More

SHANGHAI, May 30 (SMM) – Most nonferrous metals futures dipped except for SHFE tin and nickel. Copper led losses to close 1.47% lower, lead fell 0.65%, and aluminium and zinc inched down.The ferrous complex, except for coking coal and iron ore, rose across the board. Hot-rolled coil and coke gained over 1%, and rebar went up nearly 1%.Copper: US-Sino trade tension weighed on the market&...Read More

SHANGHAI, May 30 (SMM) – Spot copper was mostly offered at a discount of 70 yuan/mt to flat over the SHFE 1806 contract on Wednesday May 30 in the Shanghai market. This compared with a discount of 80-20 yuan/mt on Tuesday May 29.The SHFE 1806 contract slumped to close at 50,900 yuan/mt in the morning trading session, over 400 yuan/mt lower from the end of Tuesday morning. As p...Read More

SHANGHAI, May 30 (SMM) – Suzhou city in Jiangsu province plans to promote the sale of 9,000 new-energy vehicles (NEVs) and to build 2,245 new charging points in 2018, according to a notice by the Suzhou Economic and Information Technology Commission on May 11. The promotion target was distributed to local districts including Zhangjiagang, Changshu, and Kunshan. In 20...Read More

SHANGHAI, May 30 (SMM) – Despite lower offers in China's spot zinc market, downstream buyers held back from purchases on Wednesday May 30 amid bearish sentiment on prices of futures, SMM learned.The SHFE zinc 1806 contract fell to a low of 24,080 yuan/mt near noon on May 30 and closed at 24,150 yuan/mt, some 30 yuan/mt lower from Tuesday.In Shanghai, #0 zinc mostly traded at 23,960-24,13...Read More

SHANGHAI, May 30 (SMM) – Suzhou city in Jiangsu province plans to promote the sale of 9,000 new-energy vehicles (NEVs) and to build 2,245 new charging points in 2018, according to a notice by the Suzhou Economic and Information Technology Commission on May 11. The promotion target was distributed to local districts including Zhangjiagang, Changshu, and Kunshan. In 20...Read More

SHANGHAI, May 30 (SMM) – Copper: Copper prices dipped overnight amid bearish sentiment as US-Sino trade tension re-emerged and as Italy entered a political crisis. LME copper is expected to trade at $6,800-6,860/mt with the SHFE 1807 contract at 51,200-51,700 yuan/mt today. Spot discounts are seen at 90-30 yuan/mt as a deadlock continues between sellers and downstream buyers.A...Read More

SHANGHAI, May 30 (SMM) – Suzhou city in Jiangsu province plans to promote the sale of 9,000 new-energy vehicles (NEVs) and to build 2,245 new charging points in 2018, according to a notice by the Suzhou Economic and Information Technology Commission on May 11. The promotion target was distributed to local districts including Zhangjiagang, Changshu, and Kunshan. In 20...Read More

Orica backed a US$12 million fund-raising by DataCloud earlier this year that was also supported by Washington DC-based Aperture Financial Group. DataCloud director Adam Mooney is vice president for technology, analytics and automation at Orica Mining Services.DataCloud CEO Thor Kallestad said inexpensive industrial Internet of Things technologies, such as equipment sensors, and cloud computing se...Read More

SHANGHAI, May 30 (SMM) – Some 2,805 mt of copper scrap imports received the green light in the 13th batch of approvals for restricted solid scrap material imports, according to the solid waste management centre of China’s Ministry of Ecology and Environment.This brought the total approved copper scrap imports this year to 485,100 mt, down 83.9% from 11 batches last year.Two companies i...Read More

SHANGHAI, May 30 (SMM) – Copper: Copper prices dipped overnight amid bearish sentiment as US-Sino trade tension re-emerged and as Italy entered a political crisis. LME copper is expected to trade at $6,800-6,860/mt with the SHFE 1807 contract at 51,200-51,700 yuan/mt today. Spot discounts are seen at 90-30 yuan/mt as a deadlock continues between sellers and downstream buyers.A...Read More

SHANGHAI, May 30 (SMM) – Copper: Copper prices dipped overnight amid bearish sentiment as US-Sino trade tension re-emerged and as Italy entered a political crisis. LME copper is expected to trade at $6,800-6,860/mt with the SHFE 1807 contract at 51,200-51,700 yuan/mt today. Spot discounts are seen at 90-30 yuan/mt as a deadlock continues between sellers and downstream buyers.A...Read More

Hummingbird indicated the deaths were suffered by a "group of people (who) were acting unilaterally to stop the company carrying out initial site preparation work at Komana West".    The company added that two of the deceased "are believed not to be Malian nationals". Ausdrill, the ASX drilling and mining contractor operating at the project - via subsidiary African Mining Servi...Read More