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

Angola’s Sociedade Mineira de Catoca (Catoca Mining Company) is expecting to produce seven-million carats of diamonds this year. This was stated by company GM Sergei Amelin, the Macauhub news agency reported. He was speaking in the city of Saurimo, which is the capital of Lunda Sul province, where the Catoca diamond mine is located. Catoca is Angola’s biggest diamond mine, accounting f...Read More

(IDEX Online) - The membership of the World Jewelry & Diamond Hub, Panama, Latin America's first and only diamond exchange, has elected Edi Faltz as its new President.   He replaces Mahesh Khemlani, who had served in the position since September 2015.   The vote took place on January 10, following an earlier decision by the diamond exchange's management which appointed an...Read More

JOHANNESBURG (miningweekly.com) - Aim-listed Stellar Diamonds is in advanced negotiations regarding a possible share offer for the entire issued and to-be-issued share capital of the company by Australian exploration company Newfield Resources (NWF).Under the terms of the offer, Stellar's shareholders and the holders of rights over Stellar ordinary shares will receive in aggregate 95.5-million...Read More

(IDEX Online News) - There was a small decline in the IDEX polished diamond price index during January following a slight rise in December.   The Index began the month at 120.88 and ended at 119.21.                                         Outlook   Sentiment in the diamond centers was ge...Read More

(IDEX Online News) - For the first time in many months, there was a clear upward trend in prices of round diamonds in January with most categories showing rises. This was particularly the case with the 0.30-0.39 to 0.70-0.79 carat categories.   There were relatively few decliners, although 0.45-0.49 carat diamonds in the L-M, IF-VVS1 category saw decreases of 2-3 percent, with similar declin...Read More

JOHANNESBURG (miningweekly.com) – TSX-listed Pangolin Diamonds has started a drill programme at its wholly-owned Malatswae and Moenyenana diamond projects, in Botswana.Drill results are expected to be announced by the end of the second quarter once analysed and confirmed by a qualified laboratory.Advertisement"We are encouraged by the team's hard work in identifying these targets an...Read More

SHANGHAI, Feb 1 (SMM) – Nonferrous metals futures edged down with SHFE aluminium leading the loss with a 1% drop. The ferrous complex saw mixed trading with hot-rolled coil up over 1% and rebar up slightly. Iron ore was down nearly 1%.Copper: Investors have reduced their long bets today, dragging SHFE copper lower. We expect copper prices to stay rangebound in the short term as the US w...Read More

SHANGHAI, Feb 1 (SMM) – Nonferrous metals futures edged down with SHFE aluminium leading the loss with a 1% drop. The ferrous complex saw mixed trading with hot-rolled coil up over 1% and rebar up slightly. Iron ore was down nearly 1%.Copper: Investors have reduced their long bets today, dragging SHFE copper lower. We expect copper prices to stay rangebound in the short term as the US w...Read More

SHANGHAI, Feb 1 (SMM) – Nonferrous metals futures edged down with SHFE aluminium leading the loss with a 1% drop. The ferrous complex saw mixed trading with hot-rolled coil up over 1% and rebar up slightly. Iron ore was down nearly 1%.Copper: Investors have reduced their long bets today, dragging SHFE copper lower. We expect copper prices to stay rangebound in the short term as the US w...Read More

SHANGHAI, Feb 1 (SMM) – The purchasing managers’ index (PMI) for nickel’s downstream industries in February is expected at 33.92, according to SMM survey. This is lower than 40.34 points for January as stainless steel mills will be in maintenance or see lower output due to Chinese New Year. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more infor...Read More

SHANGHAI, Feb 1 (SMM) – China’s production of 10 nonferrous metals amounted to 53.78 million mt in 2017, up 3% from a year ago, according to data released by the National Development and Reform Commission (NDRC) on Wednesday January 31. The annual growth was up 0.5 percentage point from the previous year.According to the data, copper output was up 7.7% to 8.89 million mt, aluminium was...Read More

SHANGHAI, Feb 1 (SMM) – China’s production of 10 nonferrous metals amounted to 53.78 million mt in 2017, up 3% from a year ago, according to data released by the National Development and Reform Commission (NDRC) on Wednesday January 31. The annual growth was up 0.5 percentage point from the previous year.According to the data, copper output was up 7.7% to 8.89 million mt, aluminium was...Read More

Published on: Feb 1, 2018 | by Meagan EvansAmerican Pacific Borate and Lithium Limited (ASX:ABR) has delivered a significantly upgraded JORC Mineral Resource Estimate for its 100%-owned Fort Cady Borate and Lithium Project in Southern California, USA increasing both tonnes and grade.Since ABR's acquisition of Fort Cady in May 2017, it has completed 14 new drill holes in confirming and expanding th...Read More

Subscribe, rate and follow us on SoundCloud, iTunes, YouTube, Google Play, Stitcher or RSS Feed!This week we’re talking cash, capital markets and industry trends in 2018. Matt is joined on the floor of the Vancouver Resource Investment Conference (VRIC) by Oxygen Capital founder and chairman Mark O’Dea to discuss the current state of the market and the recent rally in commodity...Read More

Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, said Thursday it had bought $2 million worth of options that protect it against lower gold prices in a fresh effort to offset the impact of a government ban on concentrate exports.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), acquired 20,000 ounce of gold put options at a price of $1,320 an ounce. The contracts will expire...Read More

Brazilian prosecutors said Anglo American's (LON:AAL) sale of its 70% stake in the Amap?? iron ore operation in Brazil to Swiss group Zamin Ferrous in late 2013 was full of irregularities, suggesting the miner offloaded the asset to avoid paying for environmental damage caused by it.In March that year, the company had to halt shipments from Amap??, located in the namesake state in northern Brazil,...Read More

Over 1,000 miners at Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) Beatrix gold mine in South Africa were trapped underground as a result of a storm that knocked out power on Wednesday night.Storm knocked out power on Wednesday night, preventing evening shift workers from exiting the mine.Spokesman James Wellsted told Eye Witness News that sixty-four workers had been rescued overnight, but over 900 oth...Read More

In recent years, buy-and-hold investors such as pension funds, endowments, insurance companies, and sovereign wealth funds (SWFs) have gradually increased their investments in alternative assets to diversify their portfolios and boost returns. ‘Alternatives’ make up 23% of SWF portfolios and 24% of global pension funds, up from single digits in 2000.Alternatives can offer attracti...Read More

(IDEX Online) - British actress and model, Elizabeth Hurley, will be the show ambassador and special guest for CARAT+ 2018 in May.   The film and TV star will open CARAT+ Night on May 6, before meeting exhibitors and discovering the loose diamonds, diamond jewelry and colored gemstones on display.   Elizabeth 'Liz' Hurley has long been associated with some of the world most glamorous and...Read More

Unlike the recovery from most bear markets, today's commodity prices are a reflection of the industry being both supply constrained and restrained - not enough quality projects are coming through at the same time as projects are taking longer to move into development.  The damage was done several years ago when, in the face of falling commodity prices, miners and the investors backing th...Read More