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, Feb 9 (SMM) –Copper: Stock market slump, lower crude oil prices, and a surge in LME copper inventory gave shorts more confidence overnight. We expect LME copper to trade at $6,810-6,880/mt today and SHFE copper at 51,700-52,200 yuan/mt. Weak fundamentals may lead spot premiums lower to 30-40 yuan/mt today.Aluminium: We expect LME aluminium to trade rangebound at $2,158-2,193/mt wit...Read More

SHANGHAI, Feb 9 (SMM) –Copper: Stock market slump, lower crude oil prices, and a surge in LME copper inventory gave shorts more confidence overnight. We expect LME copper to trade at $6,810-6,880/mt today and SHFE copper at 51,700-52,200 yuan/mt. Weak fundamentals may lead spot premiums lower to 30-40 yuan/mt today.Aluminium: We expect LME aluminium to trade rangebound at $2,158-2,193/mt wit...Read More

SHANGHAI, Feb 9 (SMM) –Copper: Stock market slump, lower crude oil prices, and a surge in LME copper inventory gave shorts more confidence overnight. We expect LME copper to trade at $6,810-6,880/mt today and SHFE copper at 51,700-52,200 yuan/mt. Weak fundamentals may lead spot premiums lower to 30-40 yuan/mt today.Aluminium: We expect LME aluminium to trade rangebound at $2,158-2,193/mt wit...Read More

09 February 2018 - Cape Town: The digital age holds out great opportunities for mining companies to reduce risk and improve safety and profitability; SRK Consulting (SA) chairman William Joughin gave delegates at the Investing in African Mining Indaba a taste of what is already being achieved.Speaking as part of the Indaba's Mining 2050 (Technology & Innovation) stream, Joughin highlighted the gro...Read More

All of the nearly 1000 miners trapped in the Sibanye-Stillwater's Beatrix gold mine in South Africa due to a power outage were brought back to the surface.Read full newsRead More

He has risen from the grave... with a thirst for blood.The scourge of Washington, the fiend of Wall Street, this boogeyman's return has markets wriggling in exquisite torture...Rumors of his return were at least partly responsible for Monday's record 1,175 point bloodletting.His stomping footsteps were heard again yesterday afternoon... and stocks sold off violently.The footsteps grew louder today...Read More

The crypto market took some massive hits this week, mirroring action we've seen in the stock market.On Tuesday 99% of the top 100 coins by market cap were in the red.Stories about banks cutting off services to companies and individuals who work with crypto, shutting down their bank accounts, turning off their crypto-loaded credit cards, shutting down their merchant accounts and even freezing their...Read More

The stock market has settled down after Monday's big drop.The Dow Jones Industrial Average finished Wednesday trading just in the red after a volatile start to the week. Meanwhile, the Nasdaq Composite was yesterday's biggest loser. The tech-heavy index slipped late in Wednesday's session to finish the day down almost 1%.We have a chance to take a step back and survey the damage now that stocks ha...Read More

Do you have a brain?If so, then I am very confident you are going to have a major edge investing over the next five years.I know that sounds like a ridiculous thing to say. You're thinking that it's obvious having a brain is a requirement for successful investing.But for the past five years it hasn't been. In fact, thinking has been quite detrimental to stock market performance.But that's going to...Read More

Aurora Cannabis Inc. (TSX:ACB) reported a 200% surge in revenues for its second quarter of 2018SmallCapPower | February 9, 2018: Aurora Cannabis Inc. (TSX:ACB) Thursday reported a 200% YoY jump in revenues to $11.7 million for its second quarter of 2018, driven by higher patient numbers coupled with higher average sales price as well as strong growth in exports to Germany. Active registered pati...Read More

One of Almadex's company-owned diamond drills for exploring Mexican projects. Source: Almadex Minerals Ltd.Almadex Minerals Ltd. [AMX-TSXV, AXDDF-OTCQX] said Friday February 9 that it has received the final results from 2017 drilling at the company's El Cobre property, which is adjacent to the Gulf of Mexico, about 75 km northwest of the city of Veracruz, Mexico.Holes EC-17-043 targeted the Raya T...Read More

Cameco's suspended McArthur River uranium mine in northern Saskatchewan. Source: Cameco Corp.Cameco Corp. [CCO-TSX; CCJ-NYSE] said Friday February 9 that it hopes patient investors will be rewarded after the Canadian uranium mining giant posted what analysts described as solid fourth quarter results.The company's net loss narrowed to $62 million, or 16 cents per share in the quarter ended December...Read More

Say goodbye to your senior discounts, no cover lady’s nights, and free entry for children.Unless of course, you think the latest court ruling on discrimination won’t be applied evenly…The popular dating app Tinder allows you to swipe a user’s picture left to reject a potential match, and swipe right in the hopes that they do the same and you match.The app is free. But there...Read More

Full Article: Gold takes center-stage in dollar scareBy: Michael J. KosaresMuch is made of the direct inverse correlation between gold and the dollar, but acknowledging that relationship does not really get us anywhere. The bigger question is whether or not the dollar will continue to track lower as it has over the past 18 months or will it suddenly reverse course and head higher.In the end, the...Read More

LONDON – The diamond industry has a size problem.Instead of splashing out on a ring or necklace featuring one big, bright diamond, shoppers are increasingly choosing pieces with several, smaller gems, which are often lower quality. And selling jewellery with smaller stones has been a good way for retailers to save money.AdvertisementAs a result, the diamond content in jewellery has been shri...Read More

VANCOUVER (miningweekly.com) – Ottawa on Thursday tabled new legislation to improve the federal environmental assessment process for mining projects.The legislation is aimed at strengthening and restoring the credibility of Canada's environmental laws.AdvertisementMaking good on a core Liberal election platform promise to review and improve Canada's environmental laws, government int...Read More

SHANGHAI, Feb 9 (SMM) – Nonferrous metals futures fell across the board today with SHFE tin and nickel down 2%. While copper slid over 1%, SHFE zinc, aluminium and lead all edged down.The performance of the ferrous complex was no different from its base metals peers. Coke dropped nearly 2% while hot-rolled coil was down 1.5%. Rebar fell 1% as coking coal and iron ore slipped.  Copper: T...Read More

SHANGHAI, Feb 9 (SMM) – Nonferrous metals futures fell across the board today with SHFE tin and nickel down 2%. While copper slid over 1%, SHFE zinc, aluminium and lead all edged down.The performance of the ferrous complex was no different from its base metals peers. Coke dropped nearly 2% while hot-rolled coil was down 1.5%. Rebar fell 1% as coking coal and iron ore slipped.  Copper: T...Read More

SHANGHAI, Feb 9 (SMM) – Nonferrous metals futures fell across the board today with SHFE tin and nickel down 2%. While copper slid over 1%, SHFE zinc, aluminium and lead all edged down.The performance of the ferrous complex was no different from its base metals peers. Coke dropped nearly 2% while hot-rolled coil was down 1.5%. Rebar fell 1% as coking coal and iron ore slipped.  Copper: T...Read More

SHANGHAI, Feb 9 (SMM) – LME copper inventory added over 40,000 mt over the past two days to 336,225 mt as of Friday February 9, highest level seen since May 2017. The ratio of cancelled warrants also dropped to 12.9% amid weak demand.   For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email ser...Read More