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

Russian diamond mining company Severalmaz, a subsidiary of State-owned Alrosa, is testing unmanned aerial vehicles (UAVs) for mine surveying of land objects at Europe’s largest primary diamond deposit at Lomonosov.Preliminary results from the UAV testing, which involved a quadcopter and an aeroplane, indicate that mine surveying could be done faster, safer and at a high survey accuracy.Adver...Read More

The diversified miner will become the operator of the project, with a further $27 million payable to BaoWu in three years, as well as royalty payments capped at $80 million.Read More

(IDEX News) - Mountain Province Diamonds Inc. has entered into an understanding with Dominion Diamond Mines ULC which allows Mountain Province's customers to certify their qualifying polished diamonds under the Canadamark?,,? certification program.   The Canadamark program is a strategic initiative of Dominion. Through its participation, Mountain Province joins Dominion in its efforts to assu...Read More

NEW DELHI – India is seeking rights to mine for gold and diamonds in Russia's resource-rich Far East, Trade Minister Suresh Prabhu told Reuters on Tuesday.Prabhu last week led an Indian delegation to attend the St. Petersburg International Economic Forum.AdvertisementIndia seeks to import gold and diamonds for value-addition before exporting them, the Minister said.To watch Creamer Media...Read More

Bezant said Tuesday the project's mineral production sharing agreement had been renewed to April 2020, subject to customary conditions, such as stakeholder engagement and work programme commitments.  The company previously sold its Choco platinum-gold project in Colombia to Auvert Mining for US$500,000 in April to focus on building value from its copper-gold assets, including Mankayan an...Read More

Brinsden told the Resources Rising Stars conference in Queensland, Australia, that the A$284 million Pilgangoora lithium-tantalum project in the Pilbara was close to commissioning."At Pilgangoora, it's action stations," he said."We're right on the cusp now of production."All of the expected 300,000-350,000 tonnes per annum of spodumene is committed under offtake deals with General Lithium and Ganf...Read More

SHANGHAI, May 29 (SMM) – Nonferrous metals futures rose across the board on Tuesday May 29 except for SHFE aluminium. SHFE tin soared 3.7% and hit the highest level in one and an half years at 155,140 yuan/mt. SHFE nickel jumped 2.8% and finished the day at a three-year high at 112,880 yuan/mt. SHFE lead and zinc rose over 1% with copper slightly up.The ferrous complex also rose across the b...Read More

SHANGHAI, May 29 (SMM) – Nonferrous metals futures rose across the board on Tuesday May 29 except for SHFE aluminium. SHFE tin soared 3.7% and hit the highest level in one and an half years at 155,140 yuan/mt. SHFE nickel jumped 2.8% and finished the day at a three-year high at 112,880 yuan/mt. SHFE lead and zinc rose over 1% with copper slightly up.The ferrous complex also rose across the b...Read More

SHANGHAI, May 29 (SMM) – Nonferrous metals futures rose across the board on Tuesday May 29 except for SHFE aluminium. SHFE tin soared 3.7% and hit the highest level in one and an half years at 155,140 yuan/mt. SHFE nickel jumped 2.8% and finished the day at a three-year high at 112,880 yuan/mt. SHFE lead and zinc rose over 1% with copper slightly up.The ferrous complex also rose across the b...Read More

SHANGHAI, May 29 (SMM) – Copper: The SHFE 1807 contract mostly hovered above the daily moving average at 51,200 yuan/mt last night but jumped to a high of 51,470 yuan/mt near closing as investors cut their shorts. It closed slightly lower from last Friday night with pressure from a stronger US dollar. We see it trading at 51,300-51,650 yuan/mt today with support at 51,300 yuan/mt. LME c...Read More

SHANGHAI, May 29 (SMM) – While the SHFE 1807 zinc contract saw three consecutive days of increase and closed 260 yuan/mt higher at 51,710 yuan/mt on Tuesday May 29 due to declining social inventory, a downward turn may be in sight.This is due to sluggish downstream demand from galvanising plants despite stable orders across zinc die-casting alloy producers, market participants told SMM....Read More

SHANGHAI, May 29 (SMM) – Spot copper was mostly offered at a discount of 80-20 yuan/mt to the SHFE 1806 contract on Tuesday May 29 in the Shanghai market. This compared with a discount of 90-20 yuan/mt on Monday May 28.The SHFE 1806 contract gained nearly 300 yuan/mt to a high of 51,560 yuan/mt in the morning. Transaction liquidity was down from the previous day as sellers were unwillin...Read More

Energold's share price was up 1.28% Monday to C40c at the close, capitalising the company at C$21.6 million. The shares hit a 12-month low of 32c last December and have traded at 53c during the period.President and CEO Fred Davidson said the mineral drilling division was expected to continue to show improvement over the balance of 2018."The company's order book remains strong, especially in parts...Read More

SHANGHAI, May 29 (SMM) – Copper: The SHFE 1807 contract mostly hovered above the daily moving average at 51,200 yuan/mt last night but jumped to a high of 51,470 yuan/mt near closing as investors cut their shorts. It closed slightly lower from last Friday night with pressure from a stronger US dollar. We see it trading at 51,300-51,650 yuan/mt today with support at 51,300 yuan/mt. LME c...Read More

SHANGHAI, May 29 (SMM) – Copper: The SHFE 1807 contract mostly hovered above the daily moving average at 51,200 yuan/mt last night but jumped to a high of 51,470 yuan/mt near closing as investors cut their shorts. It closed slightly lower from last Friday night with pressure from a stronger US dollar. We see it trading at 51,300-51,650 yuan/mt today with support at 51,300 yuan/mt. LME c...Read More

The company said it was working with state and federal authorities to provide safe access to the mine.Read More

The group said resource industries were the backbone of Ontario's economy but the regulatory and financial burden associated with the sector was threatening its competitiveness.They want the incoming government to consider addressing the red tape and cost burden, energy costs, skills training, build capacity in Aboriginal communities and support Northern Ontario infrastructure.The group's members...Read More

The 41-year-old head of the precious metals miner was interviewed for the "Mining Journal Global Leadership Report: Preparing for transformation" which is being published next month.Nesis said he rated the company very highly in one particular area of introducing transformation but said there were several challenges in terms of exploration.He said there were "too few juniors" in the former Soviet...Read More

The first time I appeared on live financial television was August 15, 2007. It was a guest appearance on CNBC's Squawk Box program at the early stages of the 2007-2008 financial crisis.Of course, none of us knew at that time exactly how and when things would play out, but it was clear to me that a meltdown was coming; the same meltdown I had been warning the government and academics about since 20...Read More

If you have defective and obsolete models, you will produce incorrect analysis and bad policy every time.There's no better example of this than the Federal Reserve.The Fed uses equilibrium models to understand an economy that is not an equilibrium system; it's a complex dynamic system.The Fed uses the Phillips curve to understand the relationship between unemployment and inflation when 50 years of...Read More