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

SHANGHAI, May 18 (SMM) – The nonferrous complex closed higher except for SHFE tin, aluminium and zinc. Nickel led the gains with a rise of 2.2%, lead grew over 1%, and copper inched up.Ferrous metals dropped across the board with coking coal leading the losses and closing 2.2% lower. Rebar fell over 1%, while coke, hot-rolled coil, and iron ore lost close to 1%.Aluminium: The SHFE 1807...Read More

SHANGHAI, May 18 (SMM) – The nonferrous complex closed higher except for SHFE tin, aluminium and zinc. Nickel led the gains with a rise of 2.2%, lead grew over 1%, and copper inched up.Ferrous metals dropped across the board with coking coal leading the losses and closing 2.2% lower. Rebar fell over 1%, while coke, hot-rolled coil, and iron ore lost close to 1%.Aluminium: The SHFE 1807...Read More

SHANGHAI, May 18 (SMM) –Copper: LME copper stuck between several moving averages with support at the 40-day moving average overnight. As the US dollar is unlikely to fall from highs in the short term, we see LME copper trading rangebound at $6,850-6,900/mt with the SHFE 1807 contract at 51,000-51,500 yuan/mt during the day. Spot discounts are expected at 100-20 yuan/mt as sellers are likely...Read More

SHANGHAI, May 18 (SMM) – SMM assessed imported clean copper concentrate treatment charges (TCs) at $74-81/mt on Friday May 18, up $3/mt from a week ago.Imported copper concentrate supply to Chinese domestic smelters continued to increase as Vedanta's copper smelter at Tuticorin in India remained shut as of May 18, SMM learned. The smelter started a 15-day maintenance from March 27. It is...Read More

SHANGHAI, May 18 (SMM) – Zinc social inventories dipped this week as maintenance works at smelters in north China limited deliveries to warehouses, SMM learned.The overall zinc inventories in warehouses across Shanghai, Tianjin and Guangdong stood at 131,500 mt as of Friday May 18, down 4,600 mt from last Friday. It was also down 7,900 mt from the start of this week, according to SMM da...Read More

SHANGHAI, May 18 (SMM) – Total approved copper scrap imports for this year rose to 482,400 mt, after the 12th batch of approvals for restricted solid scrap material imports was released on Tuesday May 15, SMM learned. This is down 83.9% from the total of 11 batches in 2017.Ten companies that imported scrap metals, waste plastics, and waste paper received approval. Approvals we...Read More

SHANGHAI, May 18 (SMM) – China's zinc spot market traded more actively in Shanghai than in Guangdong on Friday May 18, SMM learned. Offers in both markets rose.Buyers in Shanghai showed a preference for SMC imported zinc from Australia, which traded at a premium of 50-70 yuan/mt. Downstream demand in Shanghai held steady amid relatively tight supplies, SMM learned.In Shanghai, #0 zinc mo...Read More

On the back of a material contract win in mining and company announcement today confirming its strong full-year net profit target (circa A$38 million) and balance sheet, Codan shares rose 7.3% by mid-afternoon and have picked up 8.5% in the past week.The company's current market capitalisation is around $524 million.Codan's Minetec business, the focus of considerable investment in the past five ye...Read More

SHANGHAI, May 18 (SMM) –Copper: LME copper stuck between several moving averages with support at the 40-day moving average overnight. As the US dollar is unlikely to fall from highs in the short term, we see LME copper trading rangebound at $6,850-6,900/mt with the SHFE 1807 contract at 51,000-51,500 yuan/mt during the day. Spot discounts are expected at 100-20 yuan/mt as sellers are likely...Read More

A group of very talented, very experienced and very determined people in the room, from Australia and elsewhere, were all solving some very valuable problems in the mining industry. Sadly, I was not surprised to hear almost all of them cite one of the major difficulties in succeeding as a mining tech start-up was the need to deal with major mining companies as customers.Maptek is a significantly l...Read More

SHANGHAI, May 18 (SMM) – Operating rates across China's zinc galvanising plants in April gained 19.29 percentage points on the month and stood at 86.1%, SMM surveyed. This is up 19.16 percentage points on the year. Most galvanising plants in north China cut production for environmental inspections in April 2017, and this accounted for the significant year on year increase in operati...Read More

SHANGHAI, May 18 (SMM) –Copper: LME copper stuck between several moving averages with support at the 40-day moving average overnight. As the US dollar is unlikely to fall from highs in the short term, we see LME copper trading rangebound at $6,850-6,900/mt with the SHFE 1807 contract at 51,000-51,500 yuan/mt during the day. Spot discounts are expected at 100-20 yuan/mt as sellers are likely...Read More

An industry that already has challenges attracting and retaining half the available workforce pool - in the form of women - mining now has its work cut out to sell itself to Millennials who make up 27.9% of the current population in Australia and a hefty 37% of the workforce (and growing)."The next largest group is the Baby Boomers at 24.1% and then Generation X at 21.3% [of the workforce]," Lorra...Read More

Jim Rickards calls them "silent dog whistles."Through these signals, in the frequencies beyond normal human hearing... elites communicate with each other.Their communications are public.But their language can be so thick, so technical - so innocuous - not one in a hundred can crack it open.Only the intended audience can penetrate the deeper message within... and that audience is their fellow elite...Read More

If you wake up tomorrow and oil prices have spiked to $100 per barrel, here is what will have happened.You will find out that a long range Burkhan - 2H missile will have directly hit the Saudi Royal Palace in Riyadh. The reaction to this missile will be swift and severe.Within the hour Saudi Arabia will have declared war on Iran. And within 24 hours the Saudis will have retaliated through a direct...Read More

I love rock and roll...I live and breathe it, and have for pretty much my whole life.My first "big" concert was Jimmy Page and Robert Plant. My dad got tickets and I distinctly remember it like it was yesterday. It was at USAir Arena in 1995 - this will either make me seem young or old, depending on the reader - when I was 12.As soon as the first notes of The Wanton Song hit, I was floored. They...Read More

I didn't grow up in Atlantic City proper, but I could see it from my house across the bay.When I was a kid, we'd go down to the dock and watch the fireworks shoot over the city and the surrounding islands on July 4th.You see, for decades my father has worked in the construction business there, building casinos, parking garages, convention centers, and more. He even worked on Trump properties, like...Read More

PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company has generated a further A$4-million in sales from a parcel of 1 632 ct of diamonds from its Lulo project, in Angola.The miner said on Friday that the parcel did not include the gem quality 46 ct pink diamond or other large special diamonds recently recovered from Mining Block 4.AdvertisementThe recently recovered pink diamond wa...Read More

Gold has fallen more than 5% from its April high.But Capital Economics says the rout is over. Follow gold in real time here. After slumping...Read full newsRead More

Kazakhstan plans to sell at least 25% of the world's largest uranium miner this year, the centerpiece of an effort to open up the economy of the former Soviet republic sandwiched between China and Russia.Read full newsRead More