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

The pot stakes just got higher. $132 billion higher, to be precise.A just-released study from New Frontier Data shows that legalizing marijuana at the federal level would create $132 billion in federal tax revenue and 1 million jobs.That's not even counting state and local tax revenues.Or the economic growth created by adding a million more jobs across the entire marijuana supply chain.No matter w...Read More

Bitcoin broke below $10,000 during a wild trading session yesterday, briefly sending the king of cryptos 50% below its December highs. That's crash territory, folks…But bitcoin speculators didn't capitulate. A new buying frenzy helped bitcoin recover most of its losses by the late afternoon. As of early this morning, one bitcoin fetched almost $12,000."The gyrations took the digital token ac...Read More

Are you wondering why oil is off to such a rousing start in 2018?Look no further than the chart below:This chart depicts where the level of oil in storage at Cushing, OK stands relative to the trailing five year average.You can see in early 2015 how that inventory quickly ramped up as OPEC increased production into an already oversupplied market — bearish for oil prices.You can also see just...Read More

Diamond drilling at the Zoro 1 property near Snow Lake, Manitoba. Source: Far Resources Ltd.Far Resources Ltd. [FAT-CSE; OTC-FRRSF; FOR-FSE] said Friday January 19 that it has launched a new phase of drilling at its Zoro lithium property near Snow Lake, western Manitoba.The move comes after the company received a permit from the Manitoba Government's office of Sustainable Development to drill 2,00...Read More

CanniMed Therapeutics Inc. (TSX:CMED) postponed its key shareholder meeting to allow discussions regarding a possible transaction with Aurora Cannabis Inc. (TSX:ACB)SmallCapPower | January 19, 2018: CanniMed Therapeutics Inc. (TSX:CMED) Thursday announced the postponement of its key shareholder meeting to January 25, 2018, from January 23, 2018. CanniMed has determined to postpone the Meeting to a...Read More

LiCo Energy's Teledyne cobalt property in the famous sil;er-cobalt camp near Cobalt, northeastern Ontario. Source: LiCo Energy Metals Inc.LiCo Energy Metals Inc. [LIC-TSXV, WCTXF-OTCQB] on Friday January 19 released some of the best cobalt values encountered so far at its Teledyne and Glencore Bucke exploration properties northeast of Cobalt, Ontario. The latest results are assays from two holes d...Read More

"It's important, given these rumors that are out there, to let people know - more specifically today, employers - that if they voluntarily start giving up information about their employees or access to their employees in ways that contradict our new California laws, they subject themselves to actions by my office," [California] state Attorney General Xavier Becerra said at a news conference. "We w...Read More

Full Article: AS SISYPHUS FAILS GOLD WILL ASCENDBy: Egon von GreyerzWelcome to 2018 - a year that will be the culmination of at least 105 years of mismanagement of the Western financial system by governments, central bankers and the elite.2018 will be a year of major volatility in many markets. Stocks are now in a melt-up phase and before the major bear markets start in virtually all countries a...Read More

The South African mining industry has had a tumultuous time because of the controversial Reviewed Draft Broad-Based Black Economic Empowerment Charter for the South African Mining and Minerals Industry, also known as Mining Charter III, which, amid lingering political uncertainty, led to low investor confidence and continuing breaches of trust between government and industry, resulting in declinin...Read More

SHANGHAI, Jan 19 (SMM)? 1/4 ?Nonferrous metals rallied today, with lead rising 2%. Aluminium and tin edged up about 1% and copper gained slightly. Nickel saw a slight dip today.The ferrous complex also did well today. Rebar led the gain with a 2% rise. Hot-rolled coil climbed nearly 2%, iron ore rose 1.59% and coke gained 1%. Coking coal edged up 0.63%.Copper: SHFE copper traded bet...Read More

SHANGHAI, Jan 19 (SMM)? 1/4 ?Nonferrous metals rallied today, with lead rising 2%. Aluminium and tin edged up about 1% and copper gained slightly. Nickel saw a slight dip today.The ferrous complex also did well today. Rebar led the gain with a 2% rise. Hot-rolled coil climbed nearly 2%, iron ore rose 1.59% and coke gained 1%. Coking coal edged up 0.63%.Copper: SHFE copper traded bet...Read More

SHANGHAI, Jan 19 (SMM)? 1/4 ?Nonferrous metals rallied today, with lead rising 2%. Aluminium and tin edged up about 1% and copper gained slightly. Nickel saw a slight dip today.The ferrous complex also did well today. Rebar led the gain with a 2% rise. Hot-rolled coil climbed nearly 2%, iron ore rose 1.59% and coke gained 1%. Coking coal edged up 0.63%.Copper: SHFE copper traded bet...Read More

SHANGHAI, Jan 19 (SMM)? 1/4 ?Copper prices are expected to rise, overall, in 2018 despite current declines.This is in line with expectations from financial institutes such as Deutsche Bank, Société Générale and the Chilean state copper commission, Cochilco. All three have raised their price expectations in anticipation of tighter supply.SMM believes that, as i...Read More

SHANGHAI, Jan 19 (SMM)? 1/4 ?Premiums of non-original briquette for foreign trade are $140-150/mt while premiums of original briquette traded higher at $300/mt due to tight supply. In China, spot briquette on the Wuxi Stainless Steel Market saw discounts of 700 yuan/mt while Russian nickel saw discounts of 200 yuan/mt.China’s domestic steel mills and nickel sulfate plants...Read More

SHANGHAI, Jan 19 (SMM)? 1/4 ?LME zinc has performed strongly since the start of the year. Similarly, SHFE zinc is also performing well.Downstream companies have cut back operations significantly, SMM learned. As galvanizing companies in north China face environmental restrictions and higher energy costs, some companies have already shut down for the Chinese New Year holiday in mid-February, w...Read More

SHANGHAI, Jan 19 (SMM)? 1/4 ?Copper: Copper is expected to remain rangebound today. LME copper is to trade at $7,020-7,120/mt while SHFE 1803 is to trade at 53,190-54,050 yuan/mt. Spot discounts are expected at 130-80 yuan/mt.Aluminium: We see LME aluminium trading at $2,220-2,250/mt while SHFE aluminium is likely to follow LME tendency at 14,600-14,800 yuan/mt today. We see spot discoun...Read More

SHANGHAI, Jan 19 (SMM)? 1/4 ?Copper: Copper is expected to remain rangebound today. LME copper is to trade at $7,020-7,120/mt while SHFE 1803 is to trade at 53,190-54,050 yuan/mt. Spot discounts are expected at 130-80 yuan/mt.Aluminium: We see LME aluminium trading at $2,220-2,250/mt while SHFE aluminium is likely to follow LME tendency at 14,600-14,800 yuan/mt today. We see spot discoun...Read More

SHANGHAI, Jan 19 (SMM)? 1/4 ?Copper: Copper is expected to remain rangebound today. LME copper is to trade at $7,020-7,120/mt while SHFE 1803 is to trade at 53,190-54,050 yuan/mt. Spot discounts are expected at 130-80 yuan/mt.Aluminium: We see LME aluminium trading at $2,220-2,250/mt while SHFE aluminium is likely to follow LME tendency at 14,600-14,800 yuan/mt today. We see spot discoun...Read More

Ex-Massey Energy CEO Don Blankenship, who served a one-year prison term on charges related to the deadliest US mine disaster, is now officially running for the U.S. Senate in West Virginia.Blankenship kicked off his campaign Thursday night with a town hall meeting for voters in which he vowed to support President Donald Trump's pro-coal stance with "actions."Blankenship kicked off his campaign Thu...Read More

Canada's RosCan Minerals Corporation (TSXV: ROS) announced this week that as it explores for gold potential at the Dormaa Project in Ghana, it is also assembling a sizeable contiguous land package in the gold prospective Birimian rocks of western Mali.In a press release, RosCan explained that it has entered into a Letter of Intent with Touba Mining SARL to acquire a 100% interest in the 56 sq. km....Read More