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

Authorities from the southern Indian state of Tamil Nadu have ordered the permanent closure of the country's largest copper smelter, controlled by Vedanta Resources (LON:VED), after a new round of violent protests against the plant ended last week with police killing 13 people.Locals disapprove the expansion of the group's Sterlite Copper plant at Thootukudi, in Tamil Nadu, because they blame it o...Read More

Authorities from the southern Indian state of Tamil Nadu have ordered the permanent closure of the country's largest copper smelter, controlled by Vedanta Resources (LON:VED), after a new round of violent protests against the plant ended last week with police killing 13 people.Locals disapprove the expansion of the group's Sterlite Copper plant at Thootukudi, in Tamil Nadu, because they blame it o...Read More

BEIJING, May 28 (Reuters) - Major state copper and aluminium producers were among the companies that traded almost half a billion yuan of metal on Shanghai Futures Exchange's (ShFE) new physical trading platform in its debut on Monday, the exchange said.Tongling Nonferrous Metals Group and Chalco were amongst the companies that transacted using the platform. Out of the 123 transactions, 111 were i...Read More

The Italian political chaos just went from bad to worse after the country's president effectively sided with Europe and vetoed the choice of the Italian people.Read full newsRead More

USA: Gewaltiger #Cannabis-Boom l??sst Preise einbrechenRead full newsRead More

Vancouver, BC - Graphite One Resources Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company"), is pleased to announce that it has completed a non-brokered private placement offering (the "Offering"), raising gross proceeds of CA$2,143,050.The net proceeds of the Offering will be used for exploration and development of the Company's Graphite Creek Project and for general working ca...Read More

A gold exploration proposal near Yellowstone National Park faced a significant setback as a judge blamed Montana officials for understating the potential for mining to harm land, water and wildlife. The ruling released Friday means the Montana Department of Environmental Quality would have...Read full newsRead More

Two illegal miners from Madondo Village, under Chief Serima in Gutu, were recently found dead in a goldmine where they were prospecting for the precious mineral.Read full newsRead More

A gold exploration proposal near Yellowstone National Park faced a significant setback as a judge blamed Montana officials for understating the potential for mining to harm land, water and wildlife. The ruling released Friday means the Montana Department of Environmental Quality would have...Read full newsRead More

What happens when COT large speculators abandon a net long VIX futures position?The following is a reprint of the market commentary from the June 2018 edition of The Option Advisor, published on May 25. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.In the aftermath of the February 2018 volatility "melt-up" -- whic...Read More

Canada's Millbrook Minerals has recently inked an historic deal with Cuban state mining company GeoMinera S.A. to explore and develop three former cobre-zinc-silver-gold producing assets in the country.The agreement makes the Ontario-based privately held miner the first Canadian firm to sign a deal in Cuba since the mid 90's. It also establishes it as the first company to sign an International Ec...Read More

Canada's Millbrook Minerals has recently inked an historic deal with Cuban state mining company GeoMinera S.A. to explore and develop three former cobre-zinc-silver-gold producing assets in the country.The agreement makes the Ontario-based privately held miner the first Canadian firm to sign a deal in Cuba since the mid 90's. It also establishes it as the first company to sign an International Ec...Read More

Investing.com - Gold prices were lower for the second consecutive session on Monday, falling further below the $1,300 level amid waning safe haven demand on the back of easing geopolitical tensions.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $7.40 or 0.56% to $1,296.40 a troy ounce by 05:03 AM ET (09:03 AM GMT), not far from an overnight low o...Read More

China's state-owned Chinalco is set to close the gap on privately run China Hongqiao Group , the world's top aluminium producer, after sealing a deal with the Yunnan government that gives it access to more smelting capacity.Yunnan Metallurgical Group, which controls Yunnan Aluminium Co Ltd, will be merged into China Copper Co, a joint venture between Chinalco and the Yunnan provincial government,...Read More

Australian iron ore producer Fortescue Metals Group (ASX:FMG) is going ahead with its plans to build a new $1.3 billion mine in the Pilbara region, which will lift the grade of its ores and so satisfy the new demands of its biggest customer, China, which is increasingly asking for higher quality ore for steel mills to help cut smog.The Eliwana iron ore mine will use the latest technology, includin...Read More

SHANGHAI, May 28 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index touched a high of 94.3 last Friday and closed 0.62% higher at 94.24 due to robust US manufacturing data and weakened euro.LME base metals fell across the board except for zinc. LME lead closed over 2% lower, but its week-on-week gain of 4.5% was the...Read More

SHANGHAI, May 28 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index touched a high of 94.3 last Friday and closed 0.62% higher at 94.24 due to robust US manufacturing data and weakened euro.LME base metals fell across the board except for zinc. LME lead closed over 2% lower, but its week-on-week gain of 4.5% was the...Read More

SHANGHAI, May 28 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index touched a high of 94.3 last Friday and closed 0.62% higher at 94.24 due to robust US manufacturing data and weakened euro.LME base metals fell across the board except for zinc. LME lead closed over 2% lower, but its week-on-week gain of 4.5% was the...Read More

Investing.com - Gold traders will keep their focus on fresh geopolitical developments surrounding President Donald Trump's planned summit with North Korean leader Kim Jong Un slated for next month.Ongoing trade negotiations between the U.S. and China will also keep investors on their toes.On the data front, there's a gusher of economic reports in the coming week, as the calendar rolls to June from...Read More

It's little wonder that financial commentators are talking about a stalled bull market. With talk of trade wars, the possibility of conflict in global hotspots, rising interest rates, and increasing challenges in the real estate sector, the current outlook for the world economy is uncertain to say the least.With the additional market stressor of rising fuel prices, let's look now at "one strong co...Read More