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

(IDEX Online) - ALROSA has reopened its representative office in New York and successfully held the first auction in two years for the sale of special size rough diamonds (weighing over 10.8 carats).   The auction was held from April 23 to May 11. In total, 50 companies from the world's largest diamond trading centers, including seven firms from the USA and 43 from Belgium, India, Israel...Read More

SHANGHAI, May 23 (SMM) – Most nonferrous metals traded weakly, rangebound on Wednesday May 23. SHFE tin recovered slightly from its poor performance last week and gained 0.8%. SHFE copper saw a smaller increase, and closer higher than yesterday. SHFE zinc dropped close to 1%, aluminium slid 0.8%, nickel lost 0.6% and lead dipped.The ferrous complex fell across the board with coking...Read More

SHANGHAI, May 23 (SMM) – As supplies accumulated in Shanghai, spot copper offers widened to a discount of 110-30 yuan/mt over the SHFE 1806 contract on Wednesday May 23. This compared with a discount of 90 yuan/mt to flat on Tuesday.As supplies of standard-quality copper grew, especially of imported brands, offers fell to a discount of 110 yuan/mt from 90 yuan/mt the previous day. Trans...Read More

SHANGHAI, May 23 (SMM) – China will slash import tariffs on certain vehicles to 15%, the Ministry of Finance (MOF) said on Tuesday May 22. Cuts will take effect on July 1.This includes the current 25% tariff levied on 135 items and the 20% duty on four items.Tariffs on 79 auto parts will fall to 6%, from current levels of 8-25%. Auto parts that will have lower import duti...Read More

SHANGHAI, May 23 (SMM) – In Shanghai's spot zinc market on Wednesday May 23, traders continued to lower premiums from Tuesday given fewer transactions. Downstream buyers maintained their bearish outlook on zinc prices, SMM learned. Despite lower offers, overall transactions remained flat from Tuesday in Shanghai. The SHFE zinc 1806 contract hovered between a narr...Read More

SHANGHAI, May 23 (SMM) – Copper: Copper prices rebounded as the US dollar weakened overnight. LME copper touched a high of $6,999/mt as the inventory shrank 2,752 mt following days of increase. It is likely to trade at $6,930-7,030/mt today with strong support while the SHFE 1807 contract is to trade at 51,800-52,200 yuan/mt. Adequate supplies are likely to widen spot discounts to ...Read More

SHANGHAI, May 23 (SMM) – China will slash import tariffs on certain vehicles to 15%, the Ministry of Finance (MOF) said on Tuesday May 22. Cuts will take effect on July 1.This includes the current 25% tariff levied on 135 items and the 20% duty on four items.Tariffs on 79 auto parts will fall to 6%, from current levels of 8-25%. Auto parts that will have lower import duti...Read More

SHANGHAI, May 23 (SMM) – China will slash import tariffs on certain vehicles to 15%, the Ministry of Finance (MOF) said on Tuesday May 22. Cuts will take effect on July 1.This includes the current 25% tariff levied on 135 items and the 20% duty on four items.Tariffs on 79 auto parts will fall to 6%, from current levels of 8-25%. Auto parts that will have lower import duti...Read More

SHANGHAI, May 23 (SMM) – Copper: Copper prices rebounded as the US dollar weakened overnight. LME copper touched a high of $6,999/mt as the inventory shrank 2,752 mt following days of increase. It is likely to trade at $6,930-7,030/mt today with strong support while the SHFE 1807 contract is to trade at 51,800-52,200 yuan/mt. Adequate supplies are likely to widen spot discounts to ...Read More

SHANGHAI, May 23 (SMM) – Copper: Copper prices rebounded as the US dollar weakened overnight. LME copper touched a high of $6,999/mt as the inventory shrank 2,752 mt following days of increase. It is likely to trade at $6,930-7,030/mt today with strong support while the SHFE 1807 contract is to trade at 51,800-52,200 yuan/mt. Adequate supplies are likely to widen spot discounts to ...Read More

Bloomberg reported overnight that Rio was close to agreeing a sale of its stake to PT Indonesia Asahan Aluminium (Persero), known as Inalum, for US$3.5 billion, citing people familiar with the negotiations.Rio acknowledged the report and confirmed the discussions between it, Inalum and Grasberg operator Freeport McMoRan, including price talks."No agreement has been reached, and there is no certain...Read More

"Our productivity is up by 80% in five years - that is each person is delivering 80% more production than they were five years ago," he told Mining Journal.Cutifani, 60, became Anglo's CEO in April 2013.He is one of the leading mining executives interviewed for the "Mining Journal Global Leadership Report: Preparing for transformation" which will be released next month.Cutifani said the company me...Read More

"Perhaps one day BHP will be a division, and a small part of Apple as these technology companies - or the financial or consumer goods companies - continue to increase their market capitalisation and financial power," Lewis-Gray put to an audience that heard mining's regeneration (exploration and investment), innovation, social and government engagement, and product delivery models were being teste...Read More

He said it was critical there was a safe and secure climate for investment, adherence to the rule of law and a clear signal to the world about the value of doing business in Mongolia. His speech comes after Mongolia's anti-corruption agency has made several high-profile arrests over an investigation into suspected misuse of power by officials during negotiations linked to Oyu Tolgoi contracts...Read More

"Universal basic income (UBI) is so silly on its face," begins reader Roger A, "even a middle school kid would at least know to ask, "What's the catch?""Yesterday's reckoning on universal basic income drew a heavy mail... and we thank you for your participation.Ron B said:There are a lot of jobs that would not be done if UBI is adopted, and there will be serious problems eventually... UBI is a big...Read More

As I filled up my family’s Suburban this week, my 9-year-old was sitting in the back seat.Usually, we make faces at each other while the gas is pumping. But this time, she was paying more attention to the pump. When I got back in the car, she had a question for me:“Daddy, did we really just spend $75 to fill up mom’s car with gas?”I could see the wheels turning in her brain...Read More

Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,133.80, down 10.99 points)Nemaska Lithium Inc. (TSX:NMX). Miner. Down 18 cents, or 15.25 per cent, to $1.00 on 13.4 million shares.Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up nine cents, or 1.07 per cent, to $8.47 on 10.02 million shares.Neovasc Inc. (TSX:NVC). Medical devices. Up ha...Read More

(IDEX Online) - The Responsible Jewellery Council (RJC) has announced a series of senior appointments to its Board of Directors as the organization continues to strengthen its position as the jewelry industry's foremost standards setting and certification body.   The appointments were announced at the RJC's Annual General Meeting in Moscow on 17 May. The three newly appointed Officers of the...Read More

The previous finish line had been May, but the minister gave the new expectation while speaking at the 128th annual general meeting of Minerals Council South Africa — formerly the Chamber of Mines — Wednesday, saying finalising the process would remove uncertainty.Read More

An older and much wiser newsletter writer used to relay the message I'm going to share with you today frequently.I'm not sure if he came up with it or borrowed it from somewhere else. But that really doesn't matter. It's the message that's important.What he used to say was, "Why would you take investment advice from someone who plays poker with toothpicks?"And here's what he meant by that...Wouldn...Read More