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

Full Article: Kitco News Weekly Outlook: What Happened To Gold Prices?By: Neils ChristensenThe gold market is ending its second consecutive week in negative territory and many investors are asking: What happened?Gold's losses come as equity markets fell sharply into corrective territory, with the past week seeing the Dow Jones Industrial Average shedding more than 1,000 points in two sessions...Read More

(IDEX Online) - Namdeb Holdings, a 50/50 joint venture between the government of Namibia and the De Beers Group, is seeking a buyer for its Elizabeth Bay mine to secure its long-term future.   The mine was commissioned in 1991 and is located on the south-western coast of Namibia near the town L? 1/4 deritz. It employs around 160 people and produced around 200,000 carats in 2017.   Elizab...Read More

(IDEX Online) - U.S. consumers are expected to spend an average $143.56 on Valentine's Day with 55 percent of the population celebrating this year, an increase from last year's $136.57, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics.   Total spending is expected to reach $19.6 billion, up from $18.2 billion last year. The...Read More

SHANGHAI, Feb 12 (SMM) – Only SHFE aluminium resisted a drop among nonferrous metals today with a rise of close to 1%. SHFE tin lost 1.5% while zinc was down over 1%.In the ferrous complex, coking coal and rebar edged up when iron ore was down around 1% and coke was down 0.73%. Hot-rolled coil also slipped.Copper: The SHFE 1804 copper contract was trading below all moving averages as the mar...Read More

SHANGHAI, Feb 12 (SMM) – Only SHFE aluminium resisted a drop among nonferrous metals today with a rise of close to 1%. SHFE tin lost 1.5% while zinc was down over 1%.In the ferrous complex, coking coal and rebar edged up when iron ore was down around 1% and coke was down 0.73%. Hot-rolled coil also slipped.Copper: The SHFE 1804 copper contract was trading below all moving averages as the mar...Read More

SHANGHAI, Feb 12 (SMM) – The operating rates at Chinese domestic zinc concentrate mines are expected to drop further in February, leaving smelters more reliant on imported materials.However, SMM expects a slight increase in treatment charges (TCs) in March as domestic output is set to recover from March onwards.China’s zinc concentrate output in January failed to meet expectations as o...Read More

SHANGHAI, Feb 12 (SMM) – Nickel ore exports from the Philippines and Indonesia are expected to rise in February due to better weather condition in both countries and restocking need at Chinese nickel pig iron (NPI) producers after the country’s week-long new year holiday, SMM believes.We also see Indonesian 1.65% Ni ore to trade at $41.5-45/wmt cifr China this month.In January, nickel...Read More

SHANGHAI, Feb 12 (SMM) – Only SHFE aluminium resisted a drop among nonferrous metals today with a rise of close to 1%. SHFE tin lost 1.5% while zinc was down over 1%.In the ferrous complex, coking coal and rebar edged up when iron ore was down around 1% and coke was down 0.73%. Hot-rolled coil also slipped.Copper: The SHFE 1804 copper contract was trading below all moving averages as the mar...Read More

SHANGHAI, Feb 12 (SMM) –Copper: As investors grew cautious against the backdrop of falling global stock market and sluggish physical demand ahead of Chinese New Year, we see copper prices staying weak in the short term. However, we also see limited downward room with support level at 50,500-51,000 yuan/mt for SHFE copper. LME copper is expected to trade at $6,710-6,780/mt today.Aluminium: Ch...Read More

SHANGHAI, Feb 12 (SMM) – Zinc prices may be under pressure after Chinese New Year as import loss narrows, SMM believes.Operations at most domestic zinc smelters would remain normal during the week-long holiday, leaving inventory to increase continuously. In addition, over 200,000 mt of zinc imports in November and December last year would be entering the market.As the SHFE/LME price ratio co...Read More

SHANGHAI, Feb 12 (SMM) –Copper: As investors grew cautious against the backdrop of falling global stock market and sluggish physical demand ahead of Chinese New Year, we see copper prices staying weak in the short term. However, we also see limited downward room with support level at 50,500-51,000 yuan/mt for SHFE copper. LME copper is expected to trade at $6,710-6,780/mt today.Aluminium: Ch...Read More

Published on: Feb 12, 2018 | by finfeedArcher Exploration Limited (ASX:AXE) has today informed the market of outstanding results from recent metallurgical test work it conducted on drill samples from its Ketchowla Cobalt Manganese Project in South Australia.The positive metallurgical tests, combined with the results from AXE's earlier drilling at the site, both reinforce the potential for the comp...Read More

SHANGHAI, Feb 12 (SMM) –Copper: As investors grew cautious against the backdrop of falling global stock market and sluggish physical demand ahead of Chinese New Year, we see copper prices staying weak in the short term. However, we also see limited downward room with support level at 50,500-51,000 yuan/mt for SHFE copper. LME copper is expected to trade at $6,710-6,780/mt today.Aluminium: Ch...Read More

Attorneys from Antofagasta's First Environmental Tribunal, together with company executives, researchers and conservation experts, visited, flew over and sailed around the site where Andes Iron's Dominga mine and port project would be located, in the central Coquimbo region. The trip was part of an evaluation process the court was prompted to undertake following Andes Iron's appeal of an August 20...Read More

Vancouver-based MGX Minerals (CSE: XMG) is known for its unconventional mining methods aimed at recovering lithium, nickel, vanadium, and cobalt mostly from waste material from different extractive industries.Without changing the way it operates, the Canadian miner now wants to set foot in the world's second lithium producing country: Chile. Thus, management announced the opening of a field office...Read More

The Association of Mineral Exploration in British Columbia recently awarded Seabridge Gold (TSX: SEA)(NYSE:SA) the 2017 Robert R. Hedley Award for excellence in social and environmental responsibility at its KSM project, which the company says is one of the largest undeveloped gold projects in the world measured by reserves.Inspired by the work at KSM, Brent Murphy, Seabridge Vice President of Env...Read More

Samsung SDI, South Korea's leading battery maker, has unveiled plans to recycle cobalt from used mobile phones and develop lithium-ion batteries with minimum content of the metal, or no cobalt at all, as a way to offset soaring prices for the silver-grey commodity.Carmakers are scrambling to secure supply of cobalt, a key ingredient in lithium-ion batteries that power electric vehicles, which pric...Read More

Russia's Ambassador to Iran, Levan Dzhagaryan, announced Sunday that his government offered some support so that the Middle Eastern country revamps the Fordow nuclear facility, located near the northern city of Qom.In an interview with Russia's news agency TASS, Dzhagaryan said a delegation from the state-run nuclear agency Rosatom visited the Iran and discussed "certain practical aspects of the p...Read More

Acacia Mining (LON:ACA), Tanzania's No.1 bullion producer, has scrapped its 2017 dividend after a long-running dispute with the government of the East African nation cost the company $700 million in annual loss.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), also said its gold output would drop in 2018 as a result of the ongoing ban on exports of metal concentrate, which represent...Read More

Australia's Lucapa Diamond (ASX:LOM) announced that, for the first time, workers at its 70% owned Mothae mine in Lesotho have recovered diamondssourcedfromresidualmaterialandkimberlitestockpiles.In a press release, the company explained that the gems were recovered through theexisting bulk sampling plant and infrastructure at Mothae, which has been refurbished ahead of schedule as part of a previo...Read More