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 17 (SMM) – The nonferrous complex closed higher except for SHFE zinc that dropped close to 1%. SHFE aluminium rose close to 1%, copper, lead, nickel and tin inched up.The ferrous complex saw mixed trading. Coking coal lost 1.9% while coke and iron ore closed slightly lower. Hot-rolled coil gained over 1% and rebar edged up.Copper: The SHFE 1807 contract was dragged down by...Read More

SHANGHAI, May 17 (SMM) – Spot copper was mostly offered at a discount of 90-20 yuan/mt over the SHFE 1806 contract on Thursday May 17 in the Shanghai market. Discounts narrowed from 120-60 yuan/mt the previous day.Sellers raised offers from Wednesday as the SHFE 1806 contract soared to a high of 51,070 yuan/mt this morning.Buyers favoured high-quality copper and this narrowed...Read More

SHANGHAI, May 17 (SMM) – China will withdraw tax exemptions on purchases of 319 models of new-energy vehicles (NEVs), the Ministry of Industry and Information Technology (MIIT) said on Thursday May 17.The NEVs will be removed from the list of NEVs that are exempted from purchase tax, as no output or imports of those vehicles were seen as of the end of April 2018 from when...Read More

SHANGHAI, May 17 (SMM) – China will withdraw tax exemptions on purchases of 319 models of new-energy vehicles (NEVs), the Ministry of Industry and Information Technology (MIIT) said on Thursday May 17.The NEVs will be removed from the list of NEVs that are exempted from purchase tax, as no output or imports of those vehicles were seen as of the end of April 2018 from when...Read More

SHANGHAI, May 17 (SMM) – China will withdraw tax exemptions on purchases of 319 models of new-energy vehicles (NEVs), the Ministry of Industry and Information Technology (MIIT) said on Thursday May 17.The NEVs will be removed from the list of NEVs that are exempted from purchase tax, as no output or imports of those vehicles were seen as of the end of April 2018 from when...Read More

SHANGHAI, May 17 (SMM) – Supplies were short in the global nickel market in the first quarter of the year, as output fell short of demand by 32,000 mt, according to a report by the World Bureau of Metal Statistics (WBMS) on Wednesday, May 16. Apparent demand, which includes total production and the difference between imports and exports, is the amount of nickel used across global market...Read More

SHANGHAI, May 17 (SMM) –Copper: LME copper stood around the 40-day moving average overnight with strong upward momentum. Overnight, the SHFE 1807 contract touched the five-day moving average above, with resistance. We expect LME copper to trade at $6,830-6,880/mt and the SHFE 1807 contract at 50,900-51,400 yuan/mt during the day. As prices of futures rose, spot discounts are likely to stand...Read More

SHANGHAI, May 17 (SMM) – Spot copper in the Shanghai market was offered at a discount of 90-40 yuan/mt over the SHFE 1806 contract on the morning of Thursday May 17, SMM learned.This compared with a discount of 120-80 yuan/mt over the SHFE 1806 contract the previous morning. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access...Read More

SHANGHAI, May 17 (SMM) –Copper: LME copper stood around the 40-day moving average overnight with strong upward momentum. Overnight, the SHFE 1807 contract touched the five-day moving average above, with resistance. We expect LME copper to trade at $6,830-6,880/mt and the SHFE 1807 contract at 50,900-51,400 yuan/mt during the day. As prices of futures rose, spot discounts are likely to stand...Read More

SHANGHAI, May 17 (SMM) –Copper: LME copper stood around the 40-day moving average overnight with strong upward momentum. Overnight, the SHFE 1807 contract touched the five-day moving average above, with resistance. We expect LME copper to trade at $6,830-6,880/mt and the SHFE 1807 contract at 50,900-51,400 yuan/mt during the day. As prices of futures rose, spot discounts are likely to stand...Read More

June 12 is just three weeks away.That's when the Federal Open Market Committee, FOMC, the Fed's interest rate policy arm, will in all likelihood raise interest rates another 0.25%, the seventh such rate increase since the "liftoff" in interest rates in December 2015.The market is currently putting the odds of a rate hike at 95%.This is the most aggressive tempo of rate hikes of any major central b...Read More

Today we reveal the precise date of the next market drop.When is it... why that specific date... and what will cause it?Answers anon.First the backstory...Market strategist Kevin Muir began noticing strange doings in 2011…Some mornings stocks would rise for no apparent reason... as from the stroke of an enchanter's wand.No news, no rumors - no rumors of rumors - justified the moves:I tried t...Read More

One of the most disappointing things I face as a college professor is the lack of understanding most students have regarding capitalism. The simple fact is, despite its importance to our daily lives, relatively few people have a strong grasp of what causes economic growth and why markets are so central to continuously rising standards of living.In my teaching, I have encountered several myths or...Read More

MOSCOW – Russian diamond miner Alrosa may buy State-owned diamond polisher Kristall in 2018, Russia's Deputy Finance Minister Alexei Moiseev said on Thursday.Alrosa, the world's largest rough diamond producer by output, said previously it was "expedient" for it to buy Kristall when the state-owned company is privatised.Advertisement"Kristall will be sold at the market...Read More

The council had called for a reform to the KP at the end of last year, saying more had to be done to evolve the efficiency of decision-making to maintain credibility and bring meaningful change to achieve conflict resolution. It also called for the establishment of a permanent secretariat to preserve institutional memory.WDC acting president Stephane Fischler and executive director Marie-Chantal K...Read More

METS Ignited CEO Ric Gros said, with the modern mining workforce undergoing huge transition, it was time for the industry to work smarter to make young people aware of the mining-related careers on offer in Australia and around the world.Youth research agency YouthInsight surveyed a nationally-representative 1,061 senior high school students and first year university students between the ages of 1...Read More

The following are sponsored investor presentations from the Northern Miner's Canadian Mining Symposium held at Canada House in London, U.K., on April 24-25, 2018, by executives from four Canadian-based companies active in base metals and uranium exploration and development around the globe.CanAlaska Uranium (TSXV: CVV; US-OTC: CVVUF)First Cobalt (TSXV: FCC; US-OTC: FTSSF)Fortune Minerals (TSX: FT;...Read More

North Korean's moving away from peace talks after hints of regime change moves by the Americans should limit the fall in gold and silver today. Long term investors will also be using the fall in gold and silver to start investing. American are known to press for regime change. North Koreans are rightly cautious. Our view: I never expected Americans to go for peace talks in the Korean peninsula....Read More

North Korean's moving away from peace talks after hints of regime change moves by the Americans should limit the fall in gold and silver today. Long term investors will also be using the fall in gold and silver to start investing. American are known to press for regime change. North Koreans are rightly cautious. Our view: I never expected Americans to go for peace talks in the Korean peninsula....Read More

Rescuers searching for Polish miners trapped almost a kilometer underground since a tunnel collapsed 11 days ago have found the body of the last missing man, taking to five the death toll in the incident, coal company JSW said on Wednesday.The Zofiowka mine in southern Poland was hit by an earthquake on May 5, initially trapping seven miners. Two were rescued early last week."The (last) miner's bo...Read More