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) - Sales of fine jewelry and fine watches rose by 9.0 percent in the U.S. market in March, when compared to the same month a year ago, as the graph below illustrates.   Sales were an estimated $8.8 billion, according to preliminary data from the U.S. Commerce Department.       Strong Start to 2018 Jewelry Sales   American jewelry consumers appear to be in...Read More

JOHANNESBURG (miningweekly.com) – The short spell of hope for South Africa’s beleaguered mining sector, which burst forth with the election of Cyril Ramaphosa as President, has been dashed, Shadow Mineral Resources Minister James Lorimer said during the mineral resources budget debate.Applying the ‘learning nothing and forgetting nothing’ lament of French statesman Talleyra...Read More

GENEVA – The Farnese Blue diamond, which was passed down through European royal families for 300 years, sold at auction in Geneva on Tuesday for 6.7-million Swiss francs ($6.7-million), beating auctioneers Sotheby's estimate of 3.5-million to 5-million Swiss francs.The 6.16 ct, dark grey-blue gem from the Golconda diamond mines of India was first given to Elisabeth Farnese, daughter of t...Read More

The company announced a net loss of C$11 million (US$8.6 million) for the March quarter, compared with a net loss of $1.2 million in the previous corresponding period.Read More

JOHANNESBURG (miningweekly.com) – Improved market conditions and cost controls have seen diamond miner Alrosa deliver strong first-quarter financial results, with net profit doubling to 33.2-billion rouble.Earnings before interest, taxes, depreciation and amortisation increased by 78% on the preceding quarter to 48-billion rouble. Revenue increased by 58% quarter-on-quarter to 96-billion rou...Read More

That isn't to say Neo Lithium has slowly gone about its work at the 3Q project in Catamarca Province, Argentina - far from it.The company went from discovery to PEA publication in 22 months and, if its projections for the feasibility study release are correct - scheduled for next year - 3Q will go down as one of the fastest discovery to development stories in the lithium brine space.The market has...Read More

SHANGHAI, May 16 (SMM) – Both nonferrous and ferrous metals closed mixed on Wednesday May 16. SHFE nickel, aluminium, zinc edged up. SHFE copper closed 0.5% lower and tin dipped. SHFE lead closed flat.Coke rose close to 1% while hot-rolled coil gained 0.7%. Rebar closed flat. Iron ore dropped close to 1% and coking coal dipped.Copper: The SHFE 1807 contract regained almost all losses at...Read More

HONG KONG, May 16 (SMM) – Global aluminium market is set to be in a surplus in 2019 and 2020 but will return to a deficit in 2021 and 2022, according to Lynn Zhao, analyst at Macquarie Bank.The surplus will come from China’s continuous build-up of capacity, she told delegates at a seminar held by the investment bank on Wednesday May 16 in Hong Kong during LME Asia Week.She added that C...Read More

SHANGHAI, May 16 (SMM) – Both nonferrous and ferrous metals closed mixed on Wednesday May 16. SHFE nickel, aluminium, zinc edged up. SHFE copper closed 0.5% lower and tin dipped. SHFE lead closed flat.Coke rose close to 1% while hot-rolled coil gained 0.7%. Rebar closed flat. Iron ore dropped close to 1% and coking coal dipped.Copper: The SHFE 1807 contract regained almost all losses at...Read More

HONG KONG, May 16 (SMM) – While copper prices appeared to struggle at the moment, a brighter future awaits it, according to Vivienne Lloyd, senior analyst of base metals at Macquarie Bank.Most market participants were “too bullish” on copper at the start of the year against the backdrop of various labour negotiations at copper mines in south America, she told delegates at a semin...Read More

SHANGHAI, May 16 (SMM) – Both nonferrous and ferrous metals closed mixed on Wednesday May 16. SHFE nickel, aluminium, zinc edged up. SHFE copper closed 0.5% lower and tin dipped. SHFE lead closed flat.Coke rose close to 1% while hot-rolled coil gained 0.7%. Rebar closed flat. Iron ore dropped close to 1% and coking coal dipped.Copper: The SHFE 1807 contract regained almost all losses at...Read More

HONG KONG, May 16 (SMM) – Following a strong rally earlier this year to 10-year highs, zinc prices have retreated and looked like “an old man in the room” compared with other metals, according to Vivienne Lloyd, senior analyst of base metals at Macquarie Bank.This was largely due to increased exchange inventory and a flattened forward curve, she told delegates at a seminar held b...Read More

SHANGHAI, May 16 (SMM) – Spot copper in the Shanghai market was offered at a discount of 120-80 yuan/mt over the SHFE 1806 contract on the morning of Wednesday May 16, SMM learned.This compared with a discount of 10 yuan/mt to a premium of 60 yuan/mt over the SHFE 1805 contract in the previous morning. The SHFE 1805 contract was delivered on Tuesday with a settlement price of 50,910 yua...Read More

SHANGHAI, May 16 (SMM) –Copper: Base metals faced resistance as US Treasury yields touched a seven-year high and as the US dollar strengthened last night. LME copper lacked upward momentum after it rose to a high of $6,905/mt, and fell to a low of $6,765/mt as the US dollar gained. The SHFE 1807 contract also dipped overnight as its LME counterpart weakened. The contract is likely...Read More

SHANGHAI, May 16 (SMM) –Copper: Base metals faced resistance as US Treasury yields touched a seven-year high and as the US dollar strengthened last night. LME copper lacked upward momentum after it rose to a high of $6,905/mt, and fell to a low of $6,765/mt as the US dollar gained. The SHFE 1807 contract also dipped overnight as its LME counterpart weakened. The contract is likely...Read More

Atrico is a corporate advisory firm with a focus on mining technology firms.Co-founder and managing director Ivan Gustavino was a founding shareholder of mining software player Surpac and has been involved in the space for 30 years."In my view, there has never been a better time to invest in METS [mining, equipment, technology and services]," Gustavino told METSStocks Sydney, part of the inaugural...Read More

SHANGHAI, May 16 (SMM) –Copper: Base metals faced resistance as US Treasury yields touched a seven-year high and as the US dollar strengthened last night. LME copper lacked upward momentum after it rose to a high of $6,905/mt, and fell to a low of $6,765/mt as the US dollar gained. The SHFE 1807 contract also dipped overnight as its LME counterpart weakened. The contract is likely...Read More

He recently took a few moments out of his day to run Mining Journal through some of the trials and tribulations that have carried him to his current position - at the helm of one of the leading people companies in the sector. Mining Journal: How did you get started in mining? John Murray: I was working for the Western Australia Department of Sport and Recreation looking at how they might...Read More

Did 2,500 people just vanish in Las Vegas?I couldn’t figure it out!As I walked down the hallway past the exhibit hall and towards the convention ballroom I didn’t see a single soul. It was like a ghost town!This week, I’m attending The Money Show in sunny Las Vegas, Nevada. I’ve been to the show many times, and every year I learn something new about a few companies I’...Read More

MOSCOW – Russia's Alrosa, the world's largest diamond producer by output, plans to boost revenue from selling rare, coloured stones where demand is stable, although it is a niche business.Nature gives fancy colours to about one in every 10 000 rough diamonds of gem quality that are mined around the world.AdvertisementThe stones that can be blue, pink or green form a special asset cla...Read More