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 11 (SMM) – Both production and sales of vehicles in China saw month-on-month declines in April but maintained their stable year-on-year increases, according to data from the China Association of Automobile Manufacturers (CAAM).China’s vehicle sales reached 2.32 million units in April, down 12.7% from a month ago but up 11.5% from a year ago. This brought the January-April...Read More

SHANGHAI, May 11 (SMM) – Buyers in the spot zinc market in China showed a preference over lower-priced imported materials amid sufficient supply on Friday May 11, SMM learned.Trading liquidity was flat from the previous day as most downstream customers purchased on demand without stockpiling intention. In addition, some smelters were reluctant to let go cargoes at a lower price.In Shanghai,...Read More

SHANGHAI, May 11 (SMM) – Major copper ore producing countries including Chile, Peru and Zambia have raised their output forecast by 700,000 mt this year following higher production registered in the first quarter.In 2017, the total output of these three countries accounted for 44.3% of global copper ore production. SMM expects global copper ore output growth to reach 3.3% this year...Read More

SHANGHAI, May 11 (SMM) –Copper: The US dollar fell as the US consumer-price inflation growth for April missed expectations. Crude oil prices extended its gains as closing prices registered a new high since 2014, and this buoyed copper prices. LME copper surged overnight with a higher trading range, and now stands among moving averages. The SHFE 1807 contract cli...Read More

SHANGHAI, May 11 (SMM) –Copper: The US dollar fell as the US consumer-price inflation growth for April missed expectations. Crude oil prices extended its gains as closing prices registered a new high since 2014, and this buoyed copper prices. LME copper surged overnight with a higher trading range, and now stands among moving averages. The SHFE 1807 contract cli...Read More

SHANGHAI, May 11 (SMM) – Zinc inventories in China continued to decline as of Friday May 11 as deliveries arriving warehouses across Shanghai, Guangdong and Tianjin from smelters dwindled due to maintenance works at smelters in May, SMM believed.China's zinc inventories in warehouses across Shanghai, Tianjin and Guangdong shrank 11,900 mt to 136,100 mt as of Friday May 11, according to S...Read More

SHANGHAI, May 11 (SMM) – Operating rates in May across zinc oxide plants, especially in Shandong, Jiangsu and Hebei provinces, are likely to be affected as environmental inspections intensify ahead of the Shanghai Cooperation Organisation (SCO) Summit in Qingdao, Shandong province, in June. Hebei and Jiangsu border Shandong in the north and south,...Read More

SHANGHAI, May 11 (SMM) –Copper: The US dollar fell as the US consumer-price inflation growth for April missed expectations. Crude oil prices extended its gains as closing prices registered a new high since 2014, and this buoyed copper prices. LME copper surged overnight with a higher trading range, and now stands among moving averages. The SHFE 1807 contract cli...Read More

Perhaps the most exciting thing about the Orexplore GeoCore X10 core scanner and Chrysos Corporation's photon assay tools is that nobody is really sure where their biggest impacts will be.Read More

Rio and Alcoa announced the formation of Montreal-based joint venture company, Elysis to develop and commercialise the process, in the presence of Canadian prime minister Justin Trudeau.A technology package is planned for sale starting in 2024, with it to be used to retrofit existing smelters or build new facilities.The patent-protected technology, developed by Alcoa, has been producing metal at t...Read More

Investors can be forgiven for thinking they hit the trifecta last Friday.The U.S. Bureau of Labor Statistics reported that unemployment had dropped to 3.9%, the lowest in almost 20 years.The Federal Reserve Bank of Atlanta reported that its widely followed GDP forecasting tool was showing projected growth for the second quarter of 2018 at 4%, exactly where Trump boosters like Larry Kudlow said it...Read More

The market gods have stilled the troubled waters.The Dow Jones closed higher for the seventh straight day today.The index has surged some 1,300 points these past seven trading days.The S&P and the Nasdaq have followed in step.Wall Street's "fear gauge," VIX, has plunged below 13- its lowest reading since Feb. 1.Ten-year Treasury yields, meantime, have stabilized under 3%.“What we are get...Read More

Remember that old saying, “If you want something done right, you’ve got to do it yourself?”That’s something that retirees - and those of us who HOPE to retire comfortably - need to keep in mind. Because when it comes to planning for your retirement, no one is going to pay as close attention and be motivated to “do it right” than you!In some cases, retirees are b...Read More

JOHANNESBURG (miningweekly.com) – The World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA) have cancelled this year’s World Diamond Congress, which was due to be held in Tel Aviv, Israel, in June, as a result of a weak response to registration for the event.The organisations noted that registrations were, in part, influenced by the r...Read More

In the middle of Idaho, there's a historic mining area that produced huge amounts of gold for 100 years before being abandoned in the 1990s.They thought it was dried up. They thought it was kicked. They thought it was done.They thought wrong.One small company (It trades for less than $1.00 a share!) trekked out there. It applied for the permits, it put in the work, and what it found was astonishin...Read More

Via Sovereignman.comIn 1923, a young Jewish immigrant from a small town in modern-day Ukraine founded a candy company in Brooklyn, New York that he called "Just Born".His name was Samuel Bernstein. And if you enjoy chocolate sprinkles or the hard, chocolate coating around ice cream bars, you can thank Bernstein- he invented them.Nearly 100 years later, the company is still a family-owned business,...Read More

Other than crude oil, none of the financial markets have reacted to Iran's nuclear deal cancellation news. The Bank of England (BOE) meeting today can provide the impetus for a trend change in currency markets as well as precious metals. Sterling can rise just before the BOE meeting or just after the BOE meeting. However if sterling falls after the BOE meeting gold will also crash. Right now g...Read More

Other than crude oil, none of the financial markets have reacted to Iran's nuclear deal cancellation news. The Bank of England (BOE) meeting today can provide the impetus for a trend change in currency markets as well as precious metals. Sterling can rise just before the BOE meeting or just after the BOE meeting. However if sterling falls after the BOE meeting gold will also crash. Right now g...Read More

Junior explorer Megastar Development (TSXV: MDV) announced today that it has signed a Definitive Option Agreement with Paradex, a private American mining exploration company, and Minera Zalamera, a private Mexican mining exploration company, to acquire 100% interest in the mineral concessions known as the Rama de Oro project located in the state of Oaxaca, southern Mexico.In a press release, Megas...Read More

Junior explorer Megastar Development (TSXV: MDV) announced today that it has signed a Definitive Option Agreement with Paradex, a private American mining exploration company, and Minera Zalamera, a private Mexican mining exploration company, to acquire 100% interest in the mineral concessions known as the Rama de Oro project located in the state of Oaxaca, southern Mexico.In a press release, Megas...Read More