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
From Amazon, CVS, and AirBnB, early investment is the key to earning big.Any investor who wants to rake in big profits only really needs to know one thing:The biggest fortunes in the world right now are being made in technology.Take the following example:Amazon is now the world's third largest retailer, just behind Wal-Mart and CVS...Airbnb now offers more rooms than Hilton, InterContinental and M...Read More
World's largest mortgage bankers- Fannie Mae and Freddie Mac, would soon go bankrupt.No one believed Porter Stansberry nine years ago.As head of one of America's largest independent financial research firms, Mr. Stansberry's work back in 2008 led him to a bold, but worrisome, conclusion:That the world's largest mortgage bankers- Fannie Mae and Freddie Mac, which at the time were responsible for ne...Read More
NEW YORK (Legal Newsline) - Two New York corporations allege a Canadian corporation failed to comply with an arbitrator's award.Read full newsRead More
British mining firm Goldplat has warned that it will shed some jobs with a plannedRead full newsRead More
Canadian junior miner CanAlaska Uranium (TSX-V:CVV) provided Thursday an update on ongoing summer work at the West McArthur uranium project, being carried by partner Cameco Corporation (TSX: CCO; NYSE: CCJ), the world's top listed uranium producer.Work at the asset, located immediately next to Cameco's Fox Lake uranium discovery, has been focused on evaluating the C10 corridor, which is highlight...Read More
Canadian junior miner CanAlaska Uranium (TSX-V:CVV) provided Thursday an update on ongoing summer work at the West McArthur uranium project, being carried by partner Cameco Corporation (TSX: CCO; NYSE: CCJ), the world's top listed uranium producer.Work at the asset, located immediately next to Cameco's Fox Lake uranium discovery, has been focused on evaluating the C10 corridor, which is highlight...Read More
The world's largest diamond jewellery retailer, Signet, has become the first chain to join De Beers' pilot of its end-to-end diamond blockchain program called Tracr, aimed at clearing the supply chain of imposters and conflict minerals.Signet will work alongside the Tracr team to ensure the platform meets the needs of the jewellery manufacture and retail sectors, with the partnership initially foc...Read More
The world's largest diamond jewellery retailer, Signet, has become the first chain to join De Beers' pilot of its end-to-end diamond blockchain program called Tracr, aimed at clearing the supply chain of imposters and conflict minerals.Signet will work alongside the Tracr team to ensure the platform meets the needs of the jewellery manufacture and retail sectors, with the partnership initially foc...Read More
The world's largest diamond jewellery retailer, Signet, has become the first chain to join De Beers' pilot of its end-to-end diamond blockchain program called Tracr, aimed at clearing the supply chain of imposters and conflict minerals.Signet will work alongside the Tracr team to ensure the platform meets the needs of the jewellery manufacture and retail sectors, with the partnership initially foc...Read More
SHANGHAI, May 24 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index fell after it rose to a five-month high of 94.2 last night. It lost some gains after the US Federal Reserve released its meeting minutes overnight and disclosed that interest rates would not be raised at a faster-than-expected rate. As su...Read More
SHANGHAI, May 24 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index fell after it rose to a five-month high of 94.2 last night. It lost some gains after the US Federal Reserve released its meeting minutes overnight and disclosed that interest rates would not be raised at a faster-than-expected rate. As su...Read More
SHANGHAI, May 24 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index fell after it rose to a five-month high of 94.2 last night. It lost some gains after the US Federal Reserve released its meeting minutes overnight and disclosed that interest rates would not be raised at a faster-than-expected rate. As su...Read More
Investing.com – Gold prices rose on Thursday as uncertainty over the trade talks between the U.S. and China supported gold’s safe-haven demand.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange was up $5.5, or 0.4%, to $1,295.1 a troy ounce by 12:50AM ET (04:50 GMT).Meanwhile, the dollar fell after the latest Federal Reserve meeting hinted at a dov...Read More
It intersected 85.8m at 0.39g/t gold and 1.44% from 39.6m; however two other holes did not intersect significant values.It said the average of the first-mentioned drill hole was calculated after cutting two very high copper values, of 36% and 7%, to the value of the third highest of 3.4%.The company recently received a permit to drill in the Sombrero area to the north of Caballito, which president...Read More
* FTSE 100 down 1.1 pct* Pound falls on weak inflation* M&S rises after full-year update* Commodities a drag (Adds quotes, closing prices)By Kit Rees and Julien PonthusLONDON, May 23 (Reuters) - The UK's top share index was knocked down of its highs on Wednesday and sustained its biggest loss in two months as oil majors and commodity-related stocks fell but well-received results made Marks &am...Read More
Investing.com - Gold prices were lower on Wednesday, as investors looked ahead to the meeting minutes of the Federal Reserve and the dollar strengthened.Comex gold futures for June delivery were down 0.24% to $1,288.90 a troy ounce as of 10:34 AM ET (14:34 GMT).Investors are looking ahead to the latest meeting minutes from the Federal Reserve. The minutes are set to be released at 2:00 PM ET (18:3...Read More
* NSE index closes 1 pct lower, BSE index down 0.9 pct* Vedanta drops to lowest close since June 30, 2017* HPCL falls nearly 8 pct, ONGC drops 5.3 pctMay 23 (Reuters) - Indian shares fell on Wednesday, dragged by energy stocks such as Hindustan Petroleum Corp Ltd HPCL.NS and Oil and Natural Gas Corp Ltd (ONGC) ONGC.NS on rising concern that the government may ask state-owned oil firms to share t...Read More
Investing.com - Gold prices were on the back foot in early dealings on Wednesday, hovering near the lowest levels of the year as investors waited for minutes from the Federal Reserve's meeting for clues on the outlook for U.S. interest rates.Comex gold futures were down around 0.1% at $1,291.10 a troy ounce by 3:20AM ET (0720GMT). It slid to as low as $1,281.20 earlier this week, a level not seen...Read More
* NSE index down 0.3 pct, BSE slips 0.14 pct* OMCs, refiners top losers* SBI, Cipla gainBy Krishna V KurupMay 23 (Reuters) - Indian shares fell on Wednesday pulled down by oil companies, while mining and energy conglomerate Vedanta Ltd VDAN.NS hit an over 10-month low as protests against its copper plant in south India turned violent.State-owned oil refiners as well as marketing companies, such...Read More
(Adds details on results, analyst estimates, context on commodity prices)May 23 (Reuters) - British mining and energy conglomerate Vedanta Resources Plc VED.L reported better-than-expected growth in full-year core profit and revenue on Wednesday, driven by stronger commodity prices.A rebound in metals prices has prompted the miner, controlled by billionaire Chairman Anil Agarwal, to expand produ...Read More