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

MSFT touched a record high just last weekMicrosoft Corporation (NASDAQ:MSFT) has been one of the best Dow stocks in 2018, up 14% year-to-date and hitting a record high of $98.69 on May 14. Much of the success has been driven by the growth of the company's cloud service Azure, and brokerage firm Cowen and Company is expecting this trend to continue. The firm cites a recent survey which it says show...Read More

By David Fickling(Bloomberg Opinion) - There's a well-thumbed playbook for how deals involving gold mines in the remote jungles of Indonesia are meant to turn out.The game plan isn't so different to the plot of the recent Matthew McConaughey film "Gold" - a promise of great wealth turning to ruin with the protagonists ending up brawling in the mud surrounded by fraud, violence and shady political...Read More

Oil and bank stocks historically struggle during Memorial Day weekTraders have a long weekend coming up as markets are closed next Monday, May 28, for Memorial Day. This week, I'm looking at some seasonality trends to see how stocks have typically behaved during the holiday week. Additionally, I'll list some stocks that have tended to do well and not so well next week.Memorial Day Week Has Been Be...Read More

South Africa's AngloGold Ashanti (JSE:ANG) (NYSE:AU), the world's third-biggest producer of the precious metal, is cutting as many as 2,000 jobs at its domestic operations as part a restructuring aimed at reducing losses.The company, which is down to the Mponeng underground gold mine and a tailings treatment operation in its home country, said the measure would affect employees across the differen...Read More

British mining firm Goldplat has warned that it will shed some jobs with a plannedRead full newsRead More

A Discovery Channel reality show about gold mining is still dividing the small Colorado mountain town that provided its setting - even as the show plans to move on. Read full newsRead More

Last week I had the pleasure to attend Consensus 2018 in New York, the premiere gathering for the who's who in blockchain, bitcoin and cryptocurrencies.AtteRead full newsRead More

Despite Argentine President Mauricio Macri's pro-business policies, international mining companies are still reluctant to invest in Argentina amid a lack of regulatory clarity.More than two years into Macri's term, the country's dormant gold, silver, lithium and copper reserves - some discovered more than half a century ago - remain mostly untapped. "Conditions in Argentina are not sufficient for...Read More

Despite Argentine President Mauricio Macri's pro-business policies, international mining companies are still reluctant to invest in Argentina amid a lack of regulatory clarity.More than two years into Macri's term, the country's dormant gold, silver, lithium and copper reserves - some discovered more than half a century ago - remain mostly untapped. "Conditions in Argentina are not sufficient for...Read More

World's No.2 miner Rio Tinto (ASX, LON, NYSE: RIO) confirmed Wednesday is ready to sell its stake in the giant Grasberg mine, the world's second largest copper operation, to Indonesia's state mining holding company Inalum for $3.5 billion.The move could mark the end to a long-drawn-out, three-way dispute over the mine, which has been centered on bringing local ownership of Grasberg up to 51%, a...Read More

World's No.2 miner Rio Tinto (ASX, LON, NYSE: RIO) confirmed Wednesday is ready to sell its stake in the giant Grasberg mine, the world's second largest copper operation, to Indonesia's state mining holding company Inalum for $3.5 billion.The move could mark the end to a long-drawn-out, three-way dispute over the mine, which has been centered on bringing local ownership of Grasberg up to 51%, a...Read More

SHANGHAI, May 23 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index dipped from its five-month high to close at 93.59 last night. It lost momentum following the US-China trade war tension eased.Base metals saw mixed trading overnight. LME lead touched two-and-half month's high and closed over 2% higher due to worries...Read More

SHANGHAI, May 23 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index dipped from its five-month high to close at 93.59 last night. It lost momentum following the US-China trade war tension eased.Base metals saw mixed trading overnight. LME lead touched two-and-half month's high and closed over 2% higher due to worries...Read More

SHANGHAI, May 23 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index dipped from its five-month high to close at 93.59 last night. It lost momentum following the US-China trade war tension eased.Base metals saw mixed trading overnight. LME lead touched two-and-half month's high and closed over 2% higher due to worries...Read More

Among the highlights, Arizona hit 48.77m assaying 7.3% combined zinc-lead, 170.1g/t silver and 1.6% copper.The company said the step-out drilling showed the potential for resource growth at the zinc-lead-silver deposit in Arizona's Santa Cruz county, plus robust copper grades in the new zone and another previously identified zone to the east.Meanwhile Arizona has started work on its twin explorati...Read More

(Adds details, changes source)By Sudarshan VaradhanNEW DELHI, May 22 (Reuters) - At least nine people were killed in India's Tamil Nadu (NS:TNNP) state on Tuesday when police fired at violent protesters calling for the closure of a copper smelter run by Vedanta Resources , authorities said. VED.LThe state's chief minister, Edappadi K. Palaniswami, said police had been forced to act after the pro...Read More

* Copper touches three-week high* LME/ShFE arb: GRAPHIC-2018 asset returns: http://tmsnrt.rs/2jvdmXl (Updates with closing prices)By Eric OnstadLONDON, May 22 (Reuters) - Lead prices touched their highest in 2-1/2 months on Tuesday, supported by concern over potential shortages and as investors sold zinc and bought lead.Environmental inspections at secondary lead smelters in China have reduced sup...Read More

Investing.com - Gold prices inched higher on Tuesday as increased risk appetite limited gains in the precious metal, keeping it close to the low for the year hit a day earlier.At 10:17AM ET (14:17GMT), gold futures for June delivery on the Comex division of the New York Mercantile Exchange was up just $0.40, or around 0.03%, to $1,291.30 a troy ounce. In the previous session, it slid to as low as...Read More

NEW DELHI, May 22 (Reuters) - At least nine died after police fired at protestors calling for closure of a Vedanta Resources-controlled VED.L copper smelter in South India, a senior police official told Reuters on Tuesday."Nine people have been confirmed dead," said the official, Kapil Kumar Saratkar.Scores of protesters in the port city of Thootukudi in Tamil Nadu (NS:TNNP) state set vehicles on...Read More

By Sudarshan VaradhanNEW DELHI, May 22 (Reuters) - Scores of protesters set vehicles on fire in southern India on Tuesday and threw stones at police, police officials said, demanding that conglomerate Vedanta Resources VED.L VDAN.NS shut a copper smelter over environment hazards to the area.Residents of the port city of Thootukudi in Tamil Nadu (NS:TNNP) state and environmentalists have been dem...Read More