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
China's Tianqi Lithium is buying a 24% stake in Chilean producer SQM from Canada's Nutrien (TSX:NTR) for $4.07bn, further expanding the Asian nation's increasing hold over the market for the key component needed in the making of batteries that power electric vehicles."This is an attractive investment for Tianqi Lithium which fits well within our existing business strategy," Vivian Wu, president of...Read More
China's Tianqi Lithium is buying a 24% stake in Chilean producer SQM from Canada's Nutrien (TSX:NTR) for $4.07bn, further expanding the Asian nation's increasing hold over the market for the key component needed in the making of batteries that power electric vehicles."This is an attractive investment for Tianqi Lithium which fits well within our existing business strategy," Vivian Wu, president of...Read More
Commodities Analysis by Sunshine Profits (Przemyslaw Radomski, CFA) covering: EUR/USD, XAU/USD, XAG/USD, US Dollar Index Futures. Read Sunshine Profits (Przemyslaw Radomski, CFA)'s latest article on Investing.comRead full newsRead More
Anglo American (LON:AAL) may sell close to 30% of its $5.5-billion Quellaveco project in southern Peru to Japanese companies, including Mitsubishi, which already has a 18% stake in the asset, considered the world's next major copper mine.The miner, which has already invested over $1 billion in Quellaveco since acquiring the property in 1992, had said its board would not make a final investment dec...Read More
Vancouver, BC - Peekaboo Beans Inc (TSX-V:BEAN) (the "Company" or "Peekaboo Beans"), is pleased to announce that commencing May 17, 2018 its common shares will be listed for trading on the OTCQB under the trading symbol PBBSF.Peekaboo Beans Founder, President and CEO, Traci Costa, commented "We are very excited to provide this platform to our existing and prospective US shareholders. The OTCQB...Read More
Thibaut Lepouttre of Caesars Report profiles an explorer with a substantial gold asset portfolio and some well-known backers.Read full newsRead More
Commodities Analysis by Sunshine Profits (Przemyslaw Radomski, CFA) covering: EUR/USD, XAU/USD, XAG/USD, US Dollar Index Futures. Read Sunshine Profits (Przemyslaw Radomski, CFA)'s latest article on Investing.comRead full newsRead More
Commodities Analysis by Sunshine Profits (Przemyslaw Radomski, CFA) covering: EUR/USD, XAU/USD, XAG/USD, US Dollar Index Futures. Read Sunshine Profits (Przemyslaw Radomski, CFA)'s latest article on Investing.comRead full newsRead More
Canada's Centerra Gold (TSX:CG) is selling its subsidiary AuRico Metals' royalty portfolio and a silver stream on its Kemess project to Triple Flag Mining Finance Bermuda, in a deal valued at $200 million.The transaction, said the company's President and chief executive, Scott Perry, is meant to generate cash to continue developing key projects, as well as growing the miner's pipeline, through th...Read More
SHANGHAI, May 17 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar surged to a high of 93.63 last night on the market's higher expectations of interest rate hikes. Weak eurozone data released last night also drove the US dollar. Base metals saw mixed trading as LME lead, tin, and nickel inched down while the re...Read More
SHANGHAI, May 17 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar surged to a high of 93.63 last night on the market's higher expectations of interest rate hikes. Weak eurozone data released last night also drove the US dollar. Base metals saw mixed trading as LME lead, tin, and nickel inched down while the re...Read More
SHANGHAI, May 17 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar surged to a high of 93.63 last night on the market's higher expectations of interest rate hikes. Weak eurozone data released last night also drove the US dollar. Base metals saw mixed trading as LME lead, tin, and nickel inched down while the re...Read More
Investing.com - Gold fell to its lowest level since December on Wednesday, as the U.S. dollar surged and bond yields rose.Comex gold futures for June delivery were down 0.15% to $1,288.40 a troy ounce as of 10:37 AM ET (14:37 GMT).The price of bouillon was driven lower by the rise in the greenback. The U.S. dollar index, which measures the greenback’s strength against a basket of six major c...Read More
May 16 (Reuters) - Aluminium producer Hindalco Industries Ltd HALC.NS posted a 25 percent fall in its fourth-quarter profit, widely missing street estimate.The company's profit dropped to 3.77 billion rupees ($55.59 million) in the three months through March 31, from 5.03 billion rupees a year earlier, the company said in statement on average expected the company to post a profit of 4.67 billion...Read More
Investing.com - Gold prices pushed higher on Wednesday, but remained below the $1,300 level after slumping on Tuesday as strength in the dollar and U.S. government bond yields prompted investors to sell off the yellow metal.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were up $4.90 or 0.38% to $1,295.20 a troy ounce by 04:25 AM ET (08:25 AM GMT) amid sho...Read More
Dawes, executive chairman of Martin Place Securities, alluded to new International Copper Study Group (ICSG) data, as well as bullish assessments of the red metal's prospects over the next decade from the likes of Glencore and Freeport-McMoRan, that highlighted copper's precarious short-term supply-demand balance, and potential longer-term split between stronger consumption rates and the global co...Read More
The Kemess gold-copper project facilities 430 km north of Prince George, northern British Columbia. Source: Centerra Gold Inc.Centerra Gold Inc. [CG-TSX] said Thursday May 17 that its wholly-owned subsidiary AuRico Metals Inc. (AMI) has reached agreements with Triple Flag Mining Finance in connection with the sale of its royalty portfolio and a silver stream on the Kemess Project in northern Briti...Read More
Gold Bar DrillingGold Canyon DrillingBackgroundThe Gold Bar and Gold Canyon properties are both former mines in the Gold Bar District in Eureka County, Nevada, an active mining area in the Roberts Mountains within the Battle Mountain-Eureka Trend. The district contains several Carlin-style sediment-hosted gold deposits including McEwen Mining Inc.’s (“McEwen”) Gold Bar project, w...Read More
SASKATOON - Fertilizer giant Nutrien Inc. says it has reached a deal to sell a partial stake in a Chilean lithium and nutrient producer to Tianqi Lithium Corp. for about $5.2 billion.The Saskatoon-based company says under terms of the agreement, it will sell all of its 62.6 million class A shares in Sociedad Quimica y Minera de Chile S.A. for $83.20 each, while retaining its 20.2 million cla...Read More
Uncompetitive policies and regulatory uncertainty are largely to blameCanada's investment climate for the energy sector can be described as unfavourable, at best. Clearly, investors have reached their breaking point with Canada's uncompetitive policies and regulatory uncertainty and are steering clear.The result is fewer Canadian jobs and lower economic growth.According to the most recent Statisti...Read More