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

NANNING, May 25 (SMM) – The tightness of global zinc and lead concentrate is likely to ease from this year onwards with new capacities and recovered capacities, according to Lian Chuanshuang, general manager of Tibet Huayu Mining.About 664,000 mt of zinc concentrate output are estimated to be added in the international market in 2018 and 683,000 mt in 2019, according to data that Lian shared...Read More

SHANGHAI, May 25 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar lost momentum and fell to a low of 93.6 last night as US President Donald Trump pulled out of the meeting with North Korea. It closed 0.2% lower at 93.78. Base metals rose for the most part with LME nickel leading the gains with a nearly 2% rise...Read More

SHANGHAI, May 25 (SMM) – To improve air quality and regulate pollution for the Shanghai Cooperation Organisation (SCO) Summit in Qingdao, Shandong province, environmental protection authorities in Shandong and Jiangsu will undertake inspections from May 30-June 11. All of Shandong province will subjected to the probes while just Xuzhou and Lianyungang in Jiangsu will be affected. The ef...Read More

NANNING, May 25 (SMM) – Profits in China’s lead and zinc industries are likely to diverge further as processing fees decline and costs of ore materials rise, said Peng Tao, Secretary General of lead and zinc at the China Nonferrous Metals Industry Association.In the first quarter of this year, profits in lead and zinc gained 6.4% and stood at 5.37 billion yuan, acco...Read More

SHANGHAI, May 25 (SMM) – Copper: Copper prices gained last night as the US dollar index weakened. Struggling between several moving averages, LME copper is expected to move above them and trade at $6,860-6,920/mt today with support from longs. The SHFE 1807 contract hovered between the five- and 60-day moving averages last night with support from the 20-day moving average. It is likely...Read More

NANNING, May 25 (SMM) – China’s zinc fundamentals are likely to reach a tight balance by 2019, with new capacities across smelters, said SMM senior analyst Liu Mengyue.Over 200,000 mt of capacities are planned to be added this year, but only 160,000 mt of additional zinc production is expected, she told delegates at the SMM Lead Zinc Summit on Thursday May 24 in Nanning, Guangxi.T...Read More

SHANGHAI, May 25 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar lost momentum and fell to a low of 93.6 last night as US President Donald Trump pulled out of the meeting with North Korea. It closed 0.2% lower at 93.78. Base metals rose for the most part with LME nickel leading the gains with a nearly 2% rise...Read More

One of the initial aims of the programme is to set up a 4G LTE network underground to improve communications, and better enable digitalisation and automation.Speaking on the sidelines of a West Australian Mining Club lunch in Perth yesterday, CEO Stuart Tonkin said 4G trials were now underway and he hoped to have a system in place this year.During his presentation, he said it would provide a step-...Read More

The aim of the drilling was to convert the current inferred resources to the indicated and measured resource category and extend the total mineral resource to support the January prefeasibility study's expansion case.The partners have received assay results for all holes to be included in the revised mineral resources estimate, with 70%-owner MOD noting that all results received so far were in lin...Read More

VANCOUVER (miningweekly.com) – The emergence of blockchain technology is helping to turn diamonds into a new investment asset class that, in turn, could drive future demand for natural diamonds, the creator of a new diamond-backed crypto coin said on Friday.Singapore-based D1 Mint, the creator of the diamond-backed D1 Coin, announced on Friday that it has signed a purchase order with diamond...Read More

An analyst team led by Colin Hamilton said in a new report the amount of copper needed for electrification combined with the slow build of new supply meant a supply gap could widen in 2025 and keep growing."While electric vehicles dominate growth conversations in metals and mining, renewable energy is significantly more important for copper, and expectations of solar and wind installations are con...Read More

For a long time, the Arctic was just a frozen hellscape, home only to penguins, seals, polar bears, and the most adventurous scientists and explorers.But that's no longer the case.The world is getting warmer and the ongoing transformation is apparent.The Greenland ice sheet is shrinking. There's been a rapid decline in floating sea ice. Permafrost is thawing. And plants and shrubs are taking over...Read More

Long weekends are the perfect time to make some extra money.Between backyard barbeques, trips out of town, shopping, and some long-overdue spring cleaning, there are plenty of income-boosting opportunities to be had if you know where to look.The great thing about these ideas I'm going to share with you today is they work over almost any major holiday weekend.Memorial Day is only the first of three...Read More

A fireside chat with Pan American Silver chairman Ross Beaty at the Canadian Mining Symposium in London on April 25, 2018.Moderator: Gianni Kovacevic, ?EUR?Executive Chairman and Chief Executive Officer, Copperbank.Read More

A fireside chat with Franco Nevada chairman Pierre Lassonde at the Canadian Mining Symposium in London on April 24, 2018.Moderator: Anthony Vaccaro, Group Publisher, The Northern Miner Group.Read More

Trade wars are always bullish for gold and safe havens. There are also reports that US army has attacked Syrian army. Other than US interest rate hike, rest of the factors are bullish for gold. US June interest rate hike is more or less a done deal. At the beginning of the year, I had written that my bullish assumption of gold is based on four interest rate hikes by the Federal Reserve this year...Read More

Trade wars are always bullish for gold and safe havens. There are also reports that US army has attacked Syrian army. Other than US interest rate hike, rest of the factors are bullish for gold. US June interest rate hike is more or less a done deal. At the beginning of the year, I had written that my bullish assumption of gold is based on four interest rate hikes by the Federal Reserve this year...Read More

Having collapsed this morning following a profit warning (and mass layoffs) this morning, we suspect the following chart will start to send Deutsche Bank counterparties scrambling for protection...Read full newsRead More

President Trump pulled out of a meeting with Kim Jong Un, and threatened tariffs on auto importsThe Dow was down more than 280 points at its session lows, as President Donald Trump's decision to call off a June 12 summit with North Korea by way of a letter to Kim Jong Un rocked the markets. On top of that, investors digested threats of new tariffs on auto imports from the Trump administration. How...Read More

A salar-size gap has opened up between bulls and bears in the lithium market.In March Morgan Stanley sent shares of lithium companies tumbling after the investment bank forecast overproduction of the battery raw material and plunging prices.Some in the industry characterized the New York bank's assessment as little more than a hit job to help a client pick up assets cheaply. Miners pointed to th...Read More