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) - ABN AMRO, a long-time major financier to the global diamond and jewelry businesses, is closing its branches in the United States and Dubai, according to a transcript of comments made by officials to journalists and analysts.   The American branch is being closed due to the bank's small portfolio.   Meanwhile, the Dubai branch is being shuttered as part of a decision...Read More

The US Department of the Interior published the list on Friday after president Donald Trump called for a critical mineral strategy at the end of 2017.NioCorp said the Elk Creek Superalloy Materials project was one of the few polymetallic greenfield mining projects in the US that proposed to produce multiple critical minerals - namely niobium, scandium and titanium.It said the Elk Creek ore bo...Read More

Centerra had gained both the portfolio and feasibility-stage Kemess copper-gold project from its acquisition of AuRico Metals, which was completed in January.Read More

Known round the traps as JP, he's now the incoming managing director of Dempsey Minerals (DMI), the ASX-listed company that's acquring the ground he picked up in Argentina.Read More

Back in Austin, Texas, on the weekend, the US Global Investors CEO wrote in his blog: "Blockchain has the potential to revolutionize how gold and precious metals are manufactured and delivered.""Blockchain is also bringing change to gold investment. Consider Royal Mint Gold which aims to provide the ‘performance of the London Gold Market with the transparency of an exchange-traded security'...Read More

SHANGHAI, May 21 (SMM) – China’s nonferrous metals futures closed higher except for aluminium and nickel on Monday May 21. Lead led the gains with a rise of over 1.4%, zinc grew nearly 1.1%, tin rose almost 0.8%, and copper inched up.Ferrous metals dropped across the board with iron ore leading the loss and closing 3% lower. Coke fell nearly 2%, hot-rolled coil and rebar lost over 1.8%...Read More

SHANGHAI, May 21 (SMM) – Shandong's industrial production will face a series of restrictions in the following month as Shanghai Cooperation Organisation (SCO) Summit will be held in Qingdao on June 9. From May 20 to June 20, construction sites within 100 km of Qingdao will be completely suspended; steel plants within 300 km of the city have been required to cut 40-50% of their...Read More

SHANGHAI, May 21 (SMM) – China’s nonferrous metals futures closed higher except for aluminium and nickel on Monday May 21. Lead led the gains with a rise of over 1.4%, zinc grew nearly 1.1%, tin rose almost 0.8%, and copper inched up.Ferrous metals dropped across the board with iron ore leading the loss and closing 3% lower. Coke fell nearly 2%, hot-rolled coil and rebar lost over 1.8%...Read More

SHANGHAI, May 21 (SMM) –Copper: Suppressed by the strong US dollar, the trading level of copper prices dipped. LME copper struggled among all the moving averages with strong pressure at the 60-day moving average, while the SHFE 1807 contract struggled between the five- and 10-day moving averages with support at the 40-day moving average. We expect LME copper to trade at $6,820-6,870/mt today...Read More

SHANGHAI, May 21 (SMM) – China’s nonferrous metals futures closed higher except for aluminium and nickel on Monday May 21. Lead led the gains with a rise of over 1.4%, zinc grew nearly 1.1%, tin rose almost 0.8%, and copper inched up.Ferrous metals dropped across the board with iron ore leading the loss and closing 3% lower. Coke fell nearly 2%, hot-rolled coil and rebar lost over 1.8%...Read More

SHANGHAI, May 21 (SMM) – Operating rates across China's zinc oxide plants are likely to dip in May, an SMM survey showed. This is due to the month-long environmental inspections in Jiangsu province since late April, and intensified inspections ahead of the Shanghai Cooperation Organisation (SCO) Summit in Qingdao, Shandong province, in June.Hebei and Jiangsu border Shandong in the n...Read More

SHANGHAI, May 21 (SMM) – Spot copper was mostly offered at a discount of 50 yuan/mt to a premium of 20 yuan/mt over the SHFE 1806 contract on Monday May 21 in the Shanghai market. This compared with a discount of 80-20 yuan/mt on Friday May 18.Sellers raised offers from last Friday amid an optimistic outlook as US-Sino trade tension eased. The SHFE 1806 contract stood firm above 51,000 yuan/...Read More

SHANGHAI, May 21 (SMM) –Copper: Suppressed by the strong US dollar, the trading level of copper prices dipped. LME copper struggled among all the moving averages with strong pressure at the 60-day moving average, while the SHFE 1807 contract struggled between the five- and 10-day moving averages with support at the 40-day moving average. We expect LME copper to trade at $6,820-6,870/mt today...Read More

SHANGHAI, May 21 (SMM) –Copper: Suppressed by the strong US dollar, the trading level of copper prices dipped. LME copper struggled among all the moving averages with strong pressure at the 60-day moving average, while the SHFE 1807 contract struggled between the five- and 10-day moving averages with support at the 40-day moving average. We expect LME copper to trade at $6,820-6,870/mt today...Read More

We’ve talked a lot recently about how oil prices are now above $70/barrel in the United States.That’s up over 150% from the lows back in early 2016.The cause of this uptick has been a “perfect storm” type scenario for oil investors. The supply of oil is low due in most part to OPEC’s policy restricting production, while the demand for oil is still extremely high, due...Read More

The Yen has opened slightly weaker against the USD and the EU is mixed. Overall the FX market shows a mildly stronger USD in early trading. Last week Gold "overreacted" to USD strength it seems. This distortion was likely a comment on many funds running for the exit door simultaneously in a market tiny compared to the FX markets. It would seem those using hot money to trade short term correl...Read More

The Turkish central bank has withdrawn all of its gold reserves from the U.S. due to theRead full newsRead More

Subprime is calling...Read full newsRead More

Wachstumsmarkt Elektroautos: #China bleibt gro??es ZugpferdRead full newsRead More

The price of cobalt has been drifting after hitting near 10-year peaks in March to exchange hands for $91,000 a tonne on Friday.Cobalt is still up nearly fourfold since hitting multi-year lows at the beginning of 2016 as worries about supply of the metal, a crucial element in batteries, combine with expectations of booming demand from the electric vehicle sector.The city of Mbandaka [population 1....Read More