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

The actual listing of the bonds in Luxembourg is still reliant on the Ethiopia government handing over a promised $20 million and Kefi finding another $30 million in equity investment.Read More

The company revealed high-grade intercepts, including 44m at 5.37g/t gold from 99m, about 40m below the base of the previously planned openpit at the Kunche deposit.Its shares were up more than 56% in afternoon trade at 3.6c.Meanwhile, the gold price continues to hover around the US$1,313 per ounce mark and in the US, gold major Newmont Mining (NYSE:NEM) managed a slight gain yesterday of 0.5...Read More

According to Thomson Reuters' GFMS Gold Survey 2018, jewellery fabrication rose 13% on the year to 2,214t, mainly due to a 58% increase in demand from India as the market stocked up before the good and service tax is implemented mid-year.Read More

It produced 824,000 ounces of gold during the three-month period, down 0.7% year-on-year, although all-in sustaining costs dropped 3% on the year to US$1,029 per ounce.Read More

The 25.97-carat rough "ÄRE Emerald" is among 850 carats of "high quality gemstones" recovered in 214 tons of material extracted to date. That material yielded 1,831 carats of rough emeralds in total, according to Fura, which wants to sample 30,000t over the balance of the year."Work has also already commenced on the maiden mineral resource at Coscuez, and we are hoping to have this completed...Read More

SHANGHAI, May 8 (SMM) – Nonferrous metals futures rose for the most part on Tuesday May 8 but at slower rates from the previous day. SHFE zinc led the gains with an increase of 1.34%, lead grew over 1% and aluminium and copper inched up. Nickel fell from highs to close nearly 1% higher. Tin dipped nearly 0.9% from Monday.The ferrous complex saw mixed&n...Read More

SHANGHAI, May 8 (SMM) – Nonferrous metals futures rose for the most part on Tuesday May 8 but at slower rates from the previous day. SHFE zinc led the gains with an increase of 1.34%, lead grew over 1% and aluminium and copper inched up. Nickel fell from highs to close nearly 1% higher. Tin dipped nearly 0.9% from Monday.The ferrous complex saw mixed&n...Read More

SHANGHAI, May 8 (SMM) – Nonferrous metals futures rose for the most part on Tuesday May 8 but at slower rates from the previous day. SHFE zinc led the gains with an increase of 1.34%, lead grew over 1% and aluminium and copper inched up. Nickel fell from highs to close nearly 1% higher. Tin dipped nearly 0.9% from Monday.The ferrous complex saw mixed&n...Read More

SHANGHAI, May 8 (SMM) – China’s imports of unwrought copper and copper products rose 46% year on year in April as demand for refined copper was bolstered by tighter supplies of copper scrap imports, SMM believed.China imported 439,000 mt of unwrought copper and copper products in April, flat from March, according to data from China Customs. Imports of unwrought copper and cop...Read More

SHANGHAI, May 8 (SMM) –Copper: The strong US dollar suppressed copper prices overnight. The SHFE 1807 contract fell to a low of 51,220 yuan/mt from open at 51,630 yuan/mt and closed at 51,250 yuan/mt. SHFE copper now struggles among moving averages with support from the 40-day moving average. We expect the SHFE 1807 contract to trade at 51,150-51,600 yuan/mt today with LME copper at $6,820-6...Read More

SHANGHAI, May 8 (SMM) – In China's spot zinc market on Tuesday May 8, smelters were keener to sell and lowered premiums as the SHFE zinc 1806 contract climbed up in the morning. Buyers mostly purchased as needed. In Shanghai, #0 zinc mostly traded at 23,990-24,120 yuan/mt. The 0# common brands were offered at a premium of 80-160 yuan/mt over the SHFE 1806 contract with 0# Shuan...Read More

SHANGHAI, May 8 (SMM) –Copper: The strong US dollar suppressed copper prices overnight. The SHFE 1807 contract fell to a low of 51,220 yuan/mt from open at 51,630 yuan/mt and closed at 51,250 yuan/mt. SHFE copper now struggles among moving averages with support from the 40-day moving average. We expect the SHFE 1807 contract to trade at 51,150-51,600 yuan/mt today with LME copper at $6,820-6...Read More

SHANGHAI, May 8 (SMM) – Henan Yuguang Zinc plans to suspend a production line from May 10 to June 9 for routine maintenance of production equipment, SMM learned.About 10,000 mt of output is likely to be affected during the month-long suspension. The company will continue to supply long-term contracts while other orders will be halted. For editorial queries, please contact...Read More

SHANGHAI, May 8 (SMM) – SHFE zinc climbed up unexpectedly on Monday May 7 as it traded without being weighed down by its LME counterpart, and as risk-taking sentiment in the market recovered after the US-China trade negotiations.The SHFE zinc index gained 2.49% during the day on May 7 as shorts reduced their positions with a total of 25,700 lots of decline in the SHFE zinc index. Suppor...Read More

It said Monday all 13 mineworkers trapped underground after a rock fall from a seismic event measuring 2.2 on the Richter scale Thursday had been recovered, but seven had passed away from their injuries, up from the four reported Friday.Read More

SHANGHAI, May 8 (SMM) –Copper: The strong US dollar suppressed copper prices overnight. The SHFE 1807 contract fell to a low of 51,220 yuan/mt from open at 51,630 yuan/mt and closed at 51,250 yuan/mt. SHFE copper now struggles among moving averages with support from the 40-day moving average. We expect the SHFE 1807 contract to trade at 51,150-51,600 yuan/mt today with LME copper at $6,820-6...Read More

The company said early this week it had resumed the filtering of copper concentrates between the mine and the port on May 5 after successfully clearing a blockage.Read More

Gold output at Pickstone-Peerless climbed 4% from the previous quarter to a record 6,326 ounces, with 6,549oz sold during the three-month period, up 14%.Read More

My latest book, Collusion: How Central Bankers Rigged the World, is about the leading central banks and their incestuous relationships.The book dives into how central banks rigged the cost of money and the state of the markets, and ultimately created more inequality and instability as a result. They did all of this in order to subsidize private banks at the expense of people everywhere.The book re...Read More

Has the future finally arrived?The Federal Reserve intervened massively to cage the menace of depression after the 2008 financial crisis.Quantitative easing, zero interest rates and the rest of the central banker's emergency kit came to bear.The heroics "worked."The crisis has passed. And the economy is presently in its 108th month of recovery.Yes, the central bank may have saved the present with...Read More