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

WINDHOEK – Namdeb, a joint venture between Namibia's government and Anglo American's diamond unit De Beers, is expected to lay off at least 130 of its 1,700-strong workforce, a union official said on Wednesday.Shavuka Mbidhi, from the Mineworkers Union of Namibia's Oranjemund branch, said the diamond miner had written to staff offering voluntary redundancies and at least 130 work...Read More

SHANGHAI, Jan 18 (SMM)? 1/4 ?Lead stood out among nonferrous metals with a 1% rise. Tin declined 1% and nickel slipped 0.43%. Copper, zinc and aluminium slid slightly.The ferrous complex performed better. Iron ore rose 1.42% and rebar rose 1%. Coke edged up 0.74% and hot-rolled coil gained 0.55%. Coking coal gained slightly.Copper: Copper faces a downward trend in the short term, an...Read More

SHANGHAI, Jan 18 (SMM)? 1/4 ?Lead stood out among nonferrous metals with a 1% rise. Tin declined 1% and nickel slipped 0.43%. Copper, zinc and aluminium slid slightly.The ferrous complex performed better. Iron ore rose 1.42% and rebar rose 1%. Coke edged up 0.74% and hot-rolled coil gained 0.55%. Coking coal gained slightly.Copper: Copper faces a downward trend in the short term, an...Read More

SHANGHAI, Jan 18 (SMM)? 1/4 ?Lead stood out among nonferrous metals with a 1% rise. Tin declined 1% and nickel slipped 0.43%. Copper, zinc and aluminium slid slightly.The ferrous complex performed better. Iron ore rose 1.42% and rebar rose 1%. Coke edged up 0.74% and hot-rolled coil gained 0.55%. Coking coal gained slightly.Copper: Copper faces a downward trend in the short term, an...Read More

China's gross domestic product (GDP) grew 6.9% in 2017, beating expectations of 6.8%. GDP growth for 2016 was also 6.9%GDP in Q4 2017 grew 6.8%, slightly above expectations of 6.7%.On a quarterly basis, GDP expanded 1.6%, just under expectations of 1.7%.The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and...Read More

SHANGHAI, Jan 18 (SMM)? 1/4 ?Premiums of Jinchuan nickel traded at 200-300 yuan/mt against contract 1802 on the Wuxi Stainless Steel Exchange. Jinchuan offered 96,800 yuan/mt for refined nickel on Thursday January 18, 2017.Nickel traded in the range of 96,100-96,800 yuan/mt.Russian nickel traded against contract 1802 at discounts of 100-200 yuan.For editorial queries, please contact Dais...Read More

China's gross domestic product (GDP) grew 6.9% in 2017, beating expectations of 6.8%. GDP growth for 2016 was also 6.9%GDP in Q4 2017 grew 6.8%, slightly above expectations of 6.7%.On a quarterly basis, GDP expanded 1.6%, just under expectations of 1.7%.The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and...Read More

SHANGHAI, Jan. 18 (SMM)? 1/4 ?Nonferrous metals saw more deficits from January to November 2017 compared to the same period in 2016, according to a release from the World Bureau of Metal Statistics (WBMS).AluminiumAluminium saw a deficit of 1.57 million mt, following a deficit of 770,000 mt in 2016. Demand for primary aluminium for January to November 2017 was 54.92 million mt. This was 1.41...Read More

China's gross domestic product (GDP) grew 6.9% in 2017, beating expectations of 6.8%. GDP growth for 2016 was also 6.9%GDP in Q4 2017 grew 6.8%, slightly above expectations of 6.7%.On a quarterly basis, GDP expanded 1.6%, just under expectations of 1.7%.The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and...Read More

SHANGHAI, Jan. 18 (SMM)? 1/4 ?Nonferrous metals saw more deficits from January to November 2017 compared to the same period in 2016, according to a release from the World Bureau of Metal Statistics (WBMS).AluminiumAluminium saw a deficit of 1.57 million mt, following a deficit of 770,000 mt in 2016. Demand for primary aluminium for January to November 2017 was 54.92 million mt. This was 1.41...Read More

SHANGHAI, Jan. 18 (SMM)? 1/4 ?Nonferrous metals saw more deficits from January to November 2017 compared to the same period in 2016, according to a release from the World Bureau of Metal Statistics (WBMS).AluminiumAluminium saw a deficit of 1.57 million mt, following a deficit of 770,000 mt in 2016. Demand for primary aluminium for January to November 2017 was 54.92 million mt. This was 1.41...Read More

SHANGHAI, Jan 18 (SMM)? 1/4 ?Copper: Prices face downward pressure in the short term. LME copper is expected to trade at $7,000-7,130/mt today while the SHFE 1803 contract is to trade at 53,000-54,200 yuan/mt. On the spot market, discounts are likely to narrow to 160-110 yuan/mt as downstream customers restock.Aluminium: LME aluminium is expected to stay rangebound at $2,175-2,200/mt tod...Read More

SHANGHAI, Jan 18 (SMM)? 1/4 ?Copper: Prices face downward pressure in the short term. LME copper is expected to trade at $7,000-7,130/mt today while the SHFE 1803 contract is to trade at 53,000-54,200 yuan/mt. On the spot market, discounts are likely to narrow to 160-110 yuan/mt as downstream customers restock.Aluminium: LME aluminium is expected to stay rangebound at $2,175-2,200/mt tod...Read More

SHANGHAI, Jan 18 (SMM)? 1/4 ?Copper: Prices face downward pressure in the short term. LME copper is expected to trade at $7,000-7,130/mt today while the SHFE 1803 contract is to trade at 53,000-54,200 yuan/mt. On the spot market, discounts are likely to narrow to 160-110 yuan/mt as downstream customers restock.Aluminium: LME aluminium is expected to stay rangebound at $2,175-2,200/mt tod...Read More

An Italian professor at the Politecnico di Milano says that there could be an iron throne right below the apex of the Pyramid of Cheops, located in in the Giza pyramid complex, Egypt.If there is such an artifact, says Professor of Archaeoastronomy Giulio Magli, it would not be melted iron but meteoritic iron, that is, fallen from the sky in the form of iron meteorites. Such mineral is distinguisha...Read More

TransCanada Corp. (TSX, NYSE:TRP) said Thursday it had gathered strong commercial support for its $8 billion Keystone XL Pipeline, adding it would continue to secure additional long-term contracts before it decides when it will start work on the project.The Calgary-based company added that after finishing an open season that allowed shippers to commit to space in the proposed pipeline, it secure...Read More

Wood Mackenzie sees copper demand increasing significatively over global supply in the next decade and, together with it, miners' need for reliable sources of water."As constant and high demand for copper leads to resources running out, copper grades will progressively diminish. As a result, water demand will increase because it will be necessary to process more material to obtain the same amount...Read More

Chile's environmental authority - SMA - has ordered the definitive closure of Barrick Gold's (TSX, NYSE:ABX) already halted Pascua-Lama project, but lowered the fine for violations to 7 billion pesos ($11.5 million) from the previous $16 million it had charged the company."Given the nature and the size of the breaches that the company committed, there is the conviction that total and definitive...Read More

Rio Tinto-controlled Turquoise Hill (TSX, NYSE:TRQ) has declared force majeure at its massive Oyu Tolgoi copper and gold mine in Mongolia, following protests by Chinese coal haulers that have interrupted shipments near the border.In a note released Wednesday night, the Vancouver-based miner said that earlier this month protestors used a large number of vehicles to block the main access road...Read More

Canada's Torex Gold Resources (TSX: TXG) announced this week that a team of unionized employees and management has been gradually restarting priority areas of its El Lim??n-Guajes mine, located in the state of Guerrero and one of the richest open-pit gold deposits in Mexico.In an official statement, the Toronto-based miner said that more employees will be called back as additional sections of the...Read More