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

It's been a rough ride recently for crypto traders.As of this morning, 49 out the largest 50 cryptocurrencies by market cap were in the red over the past 24 hours, according to Coinmarketcap.com.The No. 1 crypto, bitcoin, has dropped over 60% since its meteoric rise to $19,343 in mid-December.As I write, the coin is sitting at $7,360.Fast action, speculation and the dream of striking it rich spurr...Read More

“It's not real money!”My coach was now yelling over the sound of the wind through my helmet and our bike wheels humming on the road...“Can you buy Dunkin Donuts with Bitcoin? How about a new tire for your bike? If you can't buy stuff with it, it's not real money!”For the last two weeks, our triathlon team has had a spirited debate over Bitcoin and whether it's a fad or here...Read More

We have a stock market bubble.That's what former Fed Chair Alan Greenspan told Bloomberg TV last Wednesday during a second day of what turned out to be the beginning of a jarring market pullback.Jim Paulsen sees the possibility of a 15 percent correction. Goldman Sachs said conditions point to a correction of 10% to 20% in the next few months. After Friday's big drop, I suspect more prognosticator...Read More

The Avino Mine property in Durango, Mexico. Source: Avino Silver & Gold Mines Ltd.Avino Silver & Gold Mines Ltd. [ASM-TSX, NYSE AMERICAN] has released results from exploration drilling at its Avino Mine property in Durango, Mexico. The objective of the drill program is to explore three target areas - Chirumbo, Guadelupe, and San Juventino - which are located outside the mining areas, to as...Read More

Aurora Cannabis Inc. (TSX:ACB) Monday announced a strategic investment in Liquor Stores N.A. Ltd. (TSX:LIQ)SmallCapPower | February 6, 2018: Aurora Cannabis Inc. (TSX:ACB) announced on Monday that it is going to make a strategic investment in Liquor Stores N.A. Ltd. (TSX:LIQ) through a non-brokered private placement. The private placement will be conducted in two phases - initial investment of $10...Read More

A Cruz Cobalt map depicting its Cobalt, Ontario-area claims before today's Lorraine prospect acquisition. Source: Cruz Cobalt Corp.Cruz Cobalt Corp. [CUZ-TSXV; BKTPF-OTC] on Tuesday February 6 said it has acquired more ground in the Cobalt District of northeast Ontario, a move that means the company now has five separate prospects in the region. The new Lorraine Cobalt Prospect consists of 8,935...Read More

Do you have confidence in the government?Concerned about public confidence in the agency, the FBI didn’t want the FISA memo released. They didn’t want people to know their investigations are politically motivated.Now it’s come out that the Department of Homeland Security pressured CNN into delaying the release of a report until after the Superbowl. DHS was concerned public confid...Read More

Full Article: A $1.5 Trillion Opportunity You Wouldn't Want to Miss! By: Frank HolmesOn the campaign trail, then-presidential candidate Donald Trump pledged to invest as much as $1 trillion in U.S. infrastructure if he were elected. Last week during his first State of the Union address, now-President Trump added half a trillion dollars more to that figure.The hefty price tag likely raised some e...Read More

According to the World Gold Council's Gold Demand Trends report released Tuesday primary gold production hit another record in 2017 after nine years of annual growth in output.Overall mine production totalled 3,268.7 tonnes or just over 105m troy ounces in 2017 which was only slightly higher than in 2016 as new mine starts in recent years have mostly served to fill the gap left by production losse...Read More

(IDEX Online) - The Israel Diamond Exchange (IDE) today (Monday) officially launched a partnership with Alibaba.com, making it the first diamond bourse to offer polished diamonds and diamond jewelry on the platform, directly from the source.   Alibaba.com is the leading platform for global wholesale trade, serving millions of buyers and suppliers around the world.   The launch was anno...Read More

(IDEX Online) - Jewelry giant Pandora reported that group revenue in 2017 increased by 12% (15% in local currency) to DKK 22,781 million ($3.8 billion). Revenue from Pandora owned retail increased by 42% (46% in local currency).   Like-for-like sales growth for Pandora owned concept stores was 11%.     Revenue from EMEA increased 13% (15% in local currency), while in the Americas it...Read More

SHANGHAI, Feb 6 (SMM) – SHFE aluminium led the loss in base metals today with an over 1% drop, while nickel was down 0.75% and lead was 0.66% lower. Copper slid 0.51%.The ferrous complex showed much stronger performance today as coke and coking coal rose 2%. Iron ore also edged up slightly but hot-rolled coil and rebar dipped.Copper: SHFE copper was weaker due to an overall bearish sentiment...Read More

SHANGHAI, Feb 6 (SMM) – SHFE aluminium led the loss in base metals today with an over 1% drop, while nickel was down 0.75% and lead was 0.66% lower. Copper slid 0.51%.The ferrous complex showed much stronger performance today as coke and coking coal rose 2%. Iron ore also edged up slightly but hot-rolled coil and rebar dipped.Copper: SHFE copper was weaker due to an overall bearish sentiment...Read More

SHANGHAI, Feb 6 (SMM) – SHFE aluminium led the loss in base metals today with an over 1% drop, while nickel was down 0.75% and lead was 0.66% lower. Copper slid 0.51%.The ferrous complex showed much stronger performance today as coke and coking coal rose 2%. Iron ore also edged up slightly but hot-rolled coil and rebar dipped.Copper: SHFE copper was weaker due to an overall bearish sentiment...Read More

SHANGHAI, Feb 6 (SMM) – SMM assessed imported copper concentrate treatment charges (TCs) at $74-86/mt as of Friday February 2, unchanged from a week ago as the holiday mood kicked in.Trading liquidity was thin and enquiries were few and far between, sources told SMM. We expect the copper concentrate spot market to be quiet until early March.In the domestic market, the pricing coefficient of...Read More

SHANGHAI, Feb 6 (SMM) –Copper: We see firm support for SHFE copper at the 53,000 yuan/mt level with both sides of the market at a standoff. In the spot market, sellers were unwilling to let go their cargoes at big discounts as the price spread between the SHFE 1802 and 1803 contracts continued to expand. We expect spot copper to trade at a discount of 40 yuan/mt to a premium of 20 yuan/mt to...Read More

SHANGHAI, Feb 6 (SMM) – LME nickel inventory fell for the 10th consecutive trading day to 350,652 mt as of Monday February 5, marking the lowest level since late September 2014. Nickel inventory at SHFE was also lower for three weeks in a row, at 56,194 mt as of Friday February 2.  For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to...Read More

SHANGHAI, Feb 6 (SMM) –Copper: We see firm support for SHFE copper at the 53,000 yuan/mt level with both sides of the market at a standoff. In the spot market, sellers were unwilling to let go their cargoes at big discounts as the price spread between the SHFE 1802 and 1803 contracts continued to expand. We expect spot copper to trade at a discount of 40 yuan/mt to a premium of 20 yuan/mt to...Read More

SHANGHAI, Feb 6 (SMM) –Copper: We see firm support for SHFE copper at the 53,000 yuan/mt level with both sides of the market at a standoff. In the spot market, sellers were unwilling to let go their cargoes at big discounts as the price spread between the SHFE 1802 and 1803 contracts continued to expand. We expect spot copper to trade at a discount of 40 yuan/mt to a premium of 20 yuan/mt to...Read More

Zimbabwe's mining industry, until now based mostly on platinum and diamonds, will soon count lithium as one of its key sub-sectors, as the country has struck a deal with an South African junior company whose project is expected to generate revenue of $1.4 billion over eight years.Speaking on the sidelines of a mining conference in Cape Town, Zimbabwe's new Minister of Mines and Mining Development,...Read More