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

Story by Jeff Desjardins When it comes to conversations on energy, it's hard to leave your feelings at the door.It's arguable that energy is the single most important driver of human progress - it's a multi-trillion dollar industry that powers our daily lives, technological advancements, and even the economic development of entire countries. At the same time, our choices around energy can have si...Read More

President Trump will give a speech on drug prices todayDow Jones Industrial Average (DJI) futures are trading above fair value this morning, with the blue-chip index set to add to yesterday's inflation-fueled upside. The Dow has its sights set on a seventh straight win, which would mark its longest winning streak since November. The CBOE Volatility Index (VIX), meanwhile, appears headed for its f...Read More

The blockchain stock is trading higher in pre-market actionRiot Blockchain Inc (NASDAQ:RIOT) grabbed headlines late last year, as the former biotechnology firm was one of a handful of companies to suddenly transition its business to focus on blockchain. RIOT shares rose from below $5 in September to as high as $46.20 by Dec. 19. However, these gains quickly evaporated, with the equity crashing in...Read More

JOHANNESBURG, May 11 (Reuters) - South Africa trade union Solidarity has submitted wage hike demands in the gold sector of at least 10 percent annually over the next three years, according to a document submitted to the Chamber of Mines seen by Reuters.Solidarity only represents about 2 percent of the workforce in South Africa's gold mines but its members are skilled artisans and supervisors who a...Read More

South Africa'sImpala Platinum (Implats) is seeking tenders to build a tailings or waste storage facility at its Marula mine in a positive sign for a site recovering from community protests that sent its shares higher.The company posted an advertisement on Friday in the local Mail & Guardian newspaper seeking tenders for the project. Bidders are required to "use 100 percent unskilled local labour"...Read More

Chile's Caserones copper operation, majority-owned by Japan's top smelter, JX Nippon Mining & Metals, in conjunction with fellow miner Mitsui Mining & Smelting Co., and in which Mitsui Co. has a 22.63%-stake, continues to be a source of pain for the companies, as they struggle to bring it to full capacity and meet profit targets.The mine, behind schedule ever since it began producing in May 2014,...Read More

Chile's Caserones copper operation, majority-owned by Japan's top smelter, JX Nippon Mining & Metals, in conjunction with fellow miner Mitsui Mining & Smelting Co., and in which Mitsui Co. has a 22.63%-stake, continues to be a source of pain for the companies, as they struggle to bring it to full capacity and meet profit targets.The mine, behind schedule ever since it began producing in May 2014,...Read More

Chile's Caserones copper operation, majority-owned by Japan's top smelter, JX Nippon Mining & Metals, in conjunction with fellow miner Mitsui Mining & Smelting Co., and in which Mitsui Co. has a 22.63%-stake, continues to be a source of pain for the companies, as they struggle to bring it to full capacity and meet profit targets.The mine, behind schedule ever since it began producing in May 2014,...Read More

Prospectors first found gold in Oregon in 1851 and they're still shouting Eureka today. Gold is closer than most people think too.Read full newsRead More

Ethiopia has suspended a gold mining firm's license after weeks of protests in a town near the mine by local people who accuse the company of polluting their source of water and the atmosphere, a government official said.Read full newsRead More

Randgold Resources Ltd. fell the most in 18 months in London after a series of setbacks across its African mines hit both earnings and gold production.Read full newsRead More

Barrick Gold, Randgold Resources, Newmont Mining, Freeport McMoran and Goldcorp all make the short list for stocks to consider in this commodity segment -- but which of them are best positioned to prosper?Read full newsRead More

Ethiopia has suspended a mining licence for MIDROC Gold, company owned by Saudi billionaire Mohammed al-Amoudi, after more than a week of sometimes violent protests in a town near the mine.Demonstrators had blockaded roads in the country's unruly Oromia region since April 30, preventing people from going to work and forcing schools to cancel classes, asking the government to revoke a 10-year mini...Read More

Ethiopia has suspended a mining licence for MIDROC Gold, company owned by Saudi billionaire Mohammed al-Amoudi, after more than a week of sometimes violent protests in a town near the mine.Demonstrators had blockaded roads in the country's unruly Oromia region since April 30, preventing people from going to work and forcing schools to cancel classes, asking the government to revoke a 10-year mini...Read More

Ethiopia has suspended a mining licence for MIDROC Gold, company owned by Saudi billionaire Mohammed al-Amoudi, after more than a week of sometimes violent protests in a town near the mine.Demonstrators had blockaded roads in the country's unruly Oromia region since April 30, preventing people from going to work and forcing schools to cancel classes, asking the government to revoke a 10-year mini...Read More

Indian conglomerate Adani Enterprises Ltd. has taken a 896.4 million rupees ($13.3 million) writedown on its Carmichael coal mine in Australia's Queensland state due to delays and legal challenges.The impairment charge was booked by its Australian unit Adani Mining Pty in the quarter ended March 31, Adani Enterprises said in a stock exchange filing Thursday in Mumbai.Even though the writedown is s...Read More

SHANGHAI, May 11 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar fell overnight after the April consumer-price inflation data came in weaker than expected. The US dollar index closed at 92.71, down 0.42%.Base metals saw mixed trading. LME copper gained 1.5% as inventories declined. LME lead nudged up while tin lost 1.6% and...Read More

SHANGHAI, May 11 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar fell overnight after the April consumer-price inflation data came in weaker than expected. The US dollar index closed at 92.71, down 0.42%.Base metals saw mixed trading. LME copper gained 1.5% as inventories declined. LME lead nudged up while tin lost 1.6% and...Read More

SHANGHAI, May 11 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar fell overnight after the April consumer-price inflation data came in weaker than expected. The US dollar index closed at 92.71, down 0.42%.Base metals saw mixed trading. LME copper gained 1.5% as inventories declined. LME lead nudged up while tin lost 1.6% and...Read More

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.- - - - - EVENTS: *Rwanda releases inflation data for April.GLOBAL MARKETS Asian stocks rose on Thursday, with energy shares leading the way as crude oil prices bolted higher after U.S. President Donald Trump's decision to pull out of a nucl...Read More