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, Jan 29 (SMM) - Copper: The physical market has been sluggish with the approaching Chinese New Year dragging copper prices. However, a weak US dollar would prevent them from dropping dramatically. We expect the SHFE 1803 contract to trade at 53,000-53,500 yuan/mt today and the LME copper at $7,060-7,110/mt. Spot discounts are seen stable at 160-100 yuan/mt.Aluminium: We see LME alumi...Read More

SHANGHAI, Jan 29 (SMM) – China’s zinc import in January is likely to drop from levels seen in December with lower SHFE/LME price ratio and increased loss for imports, SMM believes.Zinc import last month amounted to 100,845 mt, up over 300% from December 2016, according to customs data. China’s total zinc imports for 2017 were up 59% year on year to 674,789 mt.Higher zinc inflows...Read More

SHANGHAI, Jan 29 (SMM) - Copper: The physical market has been sluggish with the approaching Chinese New Year dragging copper prices. However, a weak US dollar would prevent them from dropping dramatically. We expect the SHFE 1803 contract to trade at 53,000-53,500 yuan/mt today and the LME copper at $7,060-7,110/mt. Spot discounts are seen stable at 160-100 yuan/mt.Aluminium: We see LME alumi...Read More

SHANGHAI, Jan 29 (SMM) - Copper: The physical market has been sluggish with the approaching Chinese New Year dragging copper prices. However, a weak US dollar would prevent them from dropping dramatically. We expect the SHFE 1803 contract to trade at 53,000-53,500 yuan/mt today and the LME copper at $7,060-7,110/mt. Spot discounts are seen stable at 160-100 yuan/mt.Aluminium: We see LME alumi...Read More

Anglo American (LON:AAL) has officially left the coal sector in South Africa with the sale of its New Largo mine to a group of black-controlled companies.Seriti Resources Pty Ltd., Coalzar Pty Ltd. and South Africa's Industrial Development are paying Corp. are paying $71 million for the asset, Anglo said in the statement.Last year, Anglo sold other coal assets that exclusively supplied South Afri...Read More

Shares in Petra Diamonds (LON:PDL) fell as much as 21% on Monday after the miner cut its forecast for 2018 earnings and said it will produce fewer precious stones as it focuses on recovering larger, more expensive rocks.The South African diamond producer, owner of the iconic Cullinan mine, which produced the diamonds for the British crown jewels, said it expected its 2018 fiscal year earnings to b...Read More

Suncor Energy (TSX:SU), Canada's second-largest energy producer, announced Monday its majority-owned Fort Hills oil sands project in Alberta had achieved first oil over the weekend.Production at Fort Hills - located 90 km north of Fort McMurray - will ramp up over the next months to reach 90% of capacity by the end of the year, said the Calgary-based company, which is also the project operator...Read More

JOHANNESBURG (miningweekly.com) - In the six months to December 31, LSE-listed Petra Diamonds saw a 10% production increase to 2.2-million carats across its operations, which was in line with guidance.This represented record production for any six-month period for the company.AdvertisementThis year, Petra is guiding for a lower grade at Cullinan, largely offset by a higher average diamond price, r...Read More

Palisade Research January 29, 2018 Category: Research We think 2018 is going to be a big year for gold and silver and other base metals.But as we have highlighted in the past, the not-so-talked-about ‘battery metals’ are also setting up for a massive move upwards.Things like:Cobalt. . .Lithium. . .And especially nickel. . .Because of the Eletric Vehicle Revolution taking hold around th...Read More

Via Sovereignman.comAfter having traveled to more than 120 countries in my life, the only person I know who's been to more places than I have is Jim Rogers.Jim is a legend- a phenomenal investor, author, and all-around great guy.(His book Adventure Capitalist is a must-read, chronicling his multi-year driving voyage across the world.)Some time ago while we were having drinks, Jim remarked that h...Read More

Via Sovereignman.comAfter having traveled to more than 120 countries in my life, the only person I know who's been to more places than I have is Jim Rogers.Jim is a legend- a phenomenal investor, author, and all-around great guy.(His book Adventure Capitalist is a must-read, chronicling his multi-year driving voyage across the world.)Some time ago while we were having drinks, Jim remarked that h...Read More

Meet Globe 24-7 and Globe Competency Assurance at one of the world's largest mining investment conference and Africa's largest mining event, Mining Indaba 2018 in Cape town, South Africa.Investing in African Mining Indaba (R), often referred to as "the Mining Indaba (R)," is an annual professional conference dedicated to the capitalisation and development of mining interests in Africa. For two d...Read More

Why would the Swiss absolutely want to pay CHF25-100BN in-kind foreign aid to the foreign countries and hedge funds?Read full newsRead More

Story developed using data from Mining Intelligence. Learn more and schedule a demo.Most Toronto-based miners have addresses on Bay Street while Vancouver miners are evenly split between Hastings and Pender streets.Despite the commodity price shake out in 2015 and 2016, miners have mostly hung onto their downtown addresses."The mining sector occupies a large footprint in office and commercial sp...Read More

Story developed using data from Mining Intelligence. Learn more and schedule a demo.Most Toronto-based miners have addresses on Bay Street while Vancouver miners are evenly split between Hastings and Pender streets.Despite the commodity price shake out in 2015 and 2016, miners have mostly hung onto their downtown addresses."The mining sector occupies a large footprint in office and commercial sp...Read More

Story developed using data from Mining Intelligence. Learn more and schedule a demo.Most Toronto-based miners have addresses on Bay Street while Vancouver miners are evenly split between Hastings and Pender streets.Despite the commodity price shake out in 2015 and 2016, miners have mostly hung onto their downtown addresses."The mining sector occupies a large footprint in office and commercial sp...Read More

China would encourage enterprises to build infrastructure and conduct commercial trial voyages, paving the way for Arctic shipping routes that would form a "Polar Silk Road."Read full newsRead More

Over the span of 2000-2016, the amount of money spent on food by the average American household increased from $5,158 to $7,203, which is a 39.6% increase in spending...Read full newsRead More

The last two editions of the World Economic Forum were somber affairs for oil industry chieftains and commodities tycoons. The consensus in Davos was that oil was going to stay low, OPEC would fail to lift prices, and the mining industry faced a difficult time.Roll forward to 2018 and there's been a near-universal shift in sentiment as strong and synchronized global economic growth drives demand f...Read More

The last two editions of the World Economic Forum were somber affairs for oil industry chieftains and commodities tycoons. The consensus in Davos was that oil was going to stay low, OPEC would fail to lift prices, and the mining industry faced a difficult time.Roll forward to 2018 and there's been a near-universal shift in sentiment as strong and synchronized global economic growth drives demand f...Read More