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, May 28 (SMM) – Nonferrous metals, except for SHFE lead, rose across the board on Monday May 28. SHFE tin led the increases with a gain of over 2%. SHFE zinc rose nearly 1.6%, while nickel, copper, and aluminium inched up.Most ferrous metals closed lower except for coking coal. Iron ore fell nearly 1%, while coke, hot-rolled coil, and rebar dipped.Copper: As shorts continue to exit...Read More

Unlike oil which is BHP's secret weapon, or Achilles Heel, depending on which way the price is moving, or Rio Tinto's aluminium operations which faded but are now blooming, the diamond operations of Anglo American are cloaked in secrecy.Read More

SHANGHAI, May 28 (SMM) – Stainless steel scrap is likely to weigh on high-grade nickel pig iron (NPI) in China as additional supply, following Chinese government’s crackdown on induction furnaces, may see it increasingly used as raw materials for stainless steel, SMM believes.Last week, the government of Dainan town in Jiangsu province announced a shutdown of induction furnaces ac...Read More

SHANGHAI, May 28 (SMM) – Social inventories of zinc grew slightly last weekend but remained at relatively low levels, with limited arrivals in China’s three major markets, SMM learned.Overall zinc inventories in warehouses across Shanghai, Tianjin and Guangdong stood at 120,400 mt as of Monday May 28, up just 300 mt from last Friday. It was down 9,100 mt from the start of last week, ac...Read More

SHANGHAI, May 28 (SMM) – Spot copper was mostly offered at a discount of 90-20 yuan/mt to the SHFE 1806 contract on Monday May 28 in the Shanghai market. This compared with a discount of 110-30 yuan/mt on Friday May 25.The SHFE 1806 contract hovered at 51,300 yuan/mt with pressure during the morning trading session. Transactions started to pick up in the morning as traders widened disco...Read More

SHANGHAI, May 28 (SMM) – Copper: LME copper dipped below the daily moving average to a low of $6,840/mt last Friday night as the US dollar gained. It is likely to dip on a stronger US dollar as an US-North Korea meeting is likely to be held as scheduled. The SHFE 1807 contract also fell last Friday with pressure from the 60-day moving average. It is expected to trade at 51,250-51,600 yu...Read More

SHANGHAI, May 28 (SMM) – Copper: LME copper dipped below the daily moving average to a low of $6,840/mt last Friday night as the US dollar gained. It is likely to dip on a stronger US dollar as an US-North Korea meeting is likely to be held as scheduled. The SHFE 1807 contract also fell last Friday with pressure from the 60-day moving average. It is expected to trade at 51,250-51,600 yu...Read More

SHANGHAI, May 28 (SMM) – Downstream buyers held back from zinc purchases in the spot market in Shanghai on Monday May 28 as offer prices rose over the weekend, SMM learned.While premiums were unchanged from last Friday, offers were higher as the SHFE 1806 zinc contract gained some 300 yuan/mt to close at 24,065 yuan/mt this morning. In Shanghai, #0 zinc mostly traded at 24,120-24,150 yu...Read More

SHANGHAI, May 28 (SMM) – Copper: LME copper dipped below the daily moving average to a low of $6,840/mt last Friday night as the US dollar gained. It is likely to dip on a stronger US dollar as an US-North Korea meeting is likely to be held as scheduled. The SHFE 1807 contract also fell last Friday with pressure from the 60-day moving average. It is expected to trade at 51,250-51,600 yu...Read More

Knafelc, 50, was referring to the global integrated fertiliser materials company's investment in a true talent development strategy."It's shocking to me thinking back five years how little we had in place - we had lots of good things happening but we didn't have a strategic plan that had elements of commonality across the organisation," he said.Knafelc made the comments as part of a wide-ranging i...Read More

Hitachi Ltd. has decided to continue talks over a ?3 trillion nuclear power plant project in Wales after the British government made a financing offer, according to a source.The maker of machinery and infrastructure systems made the decision at an extraordinary board meeting Monday and will exchange a document that will serve as a basic agreement with the British government if negotiations make p...Read More

(IDEX News) - A Singapore-based company called D1 Mint will buy $20 million worth of diamonds to support its new cryptocurrency coin.   D1 Mint is acquiring 1,500 investment-grade diamonds that were cut and polished KGK Diamonds. The rough goods were supplied by Russian mining Alrosa.   The diamonds will be certified, laser-inscribed and packaged by the GIA in New York, and then deposi...Read More

JOHANNESBURG (miningweekly.com) – Auctioneer GoIndustry DoveBid South Africa will be facilitating the sale of the Lerala diamond mine, in the Palapye region of Botswana, through an online auction, with final bids to close on Wednesday.GoIndustry Dovebid SA associate director John Taylor told Mining Weekly Online on Monday that, with mine auctions, the action always happens right at the end,...Read More

(IDEX News) - ALROSA Unit PJSC Severalmaz tested unmanned aerial vehicles - a quadcopter and an airplane - for mine surveying at the Lomonosov Mining and Processing Division.   Preliminary estimates show that the use of unmanned technologies provides high survey accuracy and increases the speed and safety of work, the miner said.   The Geoscan 401 Geodesy quadcopter and 101 Geodesy aircr...Read More

(IDEX News) - The National Association of Jewelry Appraisers (NAJA) said its 50th Annual Mid Year ACE It Education Conference is to be held in Baltimore on August 11.   The appraisal organization, dedicated exclusively to gems and jewelry, presents an outstanding program to assist the professional appraiser's continuing education and an unparalleled networking experience.   The daily p...Read More

Last week, I explained why the catalyst to watch in the uranium space was the utilities coming back to the market to lock down future supply.I also explained that the quality uranium companies would benefit immediately and dramatically, and that 15 and 20% moves would happen on a daily basis.What I didn't anticipate was that the market would be handing out free money just a week later.On May 7, 20...Read More

Cobalt 27 changes the course of metals streamingSPONSOREDcobalt 27 RESOURCEStocks: It's been less than a month since the company, previously known as Plymouth Minerals, officially changed ticker codes on the ASX to reflect the new name. What prompted the change?Adrian Byass: Plymouth Minerals was established in 2011 and over a number of years the company was actively involved in the Mor...Read More

Venezuela: Massiver Einbruch der ?-l-ProduktionRead full newsRead More

After Donald Trump was elected president in 2016 on a pledge to "Make America Great Again" and revive the country's old industrial heartland, Dave Chrusciel hoped someday to return to his previous job at the steel mill here in this southern corner of Illinois.That day has arrived. Chrusciel, 61, is one of around 500 workers United States Steel Corp is re-hiring or recruiting as it readies for prod...Read More

Russian automaker Avtovaz said it will continue to buy aluminium from sanctions-hit Rusal but was looking for alternative sources in case it has to wind down business with the world's biggest producer of the metal.The United States announced sanctions on Rusal on April 6, preventing customers with U.S. exposure from continuing to buy Rusal's metal. The U.S. Treasury Department later moved its dead...Read More