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

China has basically completed capacity cuts in the steel sector, said Shen Ying, general accountant of the State-owned Assets Supervision and Administration Commission (SASAC) on Wednesday January 17. Moving forward, China will push for a technology upgrade in the steel industry.In 2018, the country aims to further restructure the coal industry and reduce capacity by more than 10 mi...Read More

SHANGHAI, Jan 17 (SMM)? 1/4 ?SHFE lead stood out from the performance of other nonferrous metals on Wednesday afternoon, with a 0.6% rise. Nickel was down 2% and copper was down almost 2%. Aluminium dipped 1.8%. Zinc and tin also slid slightly.The ferrous complex also dipped. Coking coal fell 2% despite a slight rise of rebar. Coke and iron ore dipped almost 1% and hot-rolled coil slight...Read More

SHANGHAI, Jan 17 (SMM)? 1/4 ?SHFE lead stood out from the performance of other nonferrous metals on Wednesday afternoon, with a 0.6% rise. Nickel was down 2% and copper was down almost 2%. Aluminium dipped 1.8%. Zinc and tin also slid slightly.The ferrous complex also dipped. Coking coal fell 2% despite a slight rise of rebar. Coke and iron ore dipped almost 1% and hot-rolled coil slight...Read More

SHANGHAI, Jan 17 (SMM)? 1/4 ?SHFE lead stood out from the performance of other nonferrous metals on Wednesday afternoon, with a 0.6% rise. Nickel was down 2% and copper was down almost 2%. Aluminium dipped 1.8%. Zinc and tin also slid slightly.The ferrous complex also dipped. Coking coal fell 2% despite a slight rise of rebar. Coke and iron ore dipped almost 1% and hot-rolled coil slight...Read More

SHANGHAI, Jan 17 (SMM) – The LME nickel price is forecast to remain above $12,000/mt before mid-March and the SHFE nickel is set to remain over 93,000 yuan/mt, SMM believes.This is because we see little growth in the supply of primary nickel, which includes refined nickel, nickel pig iron (NPI) and other nickel smelting products, despite an increase in Indonesian nickel ore exports...Read More

SHANGHAI, Jan 17 (SMM)? 1/4 ?Copper: LME copper is expected to trade at $7,030-7,230/mt while the SHFE 1803 contract is to trade at 53,450-54,600 yuan/mt. On the spot market, the discounts are expected to move at 160-120 yuan/mt.Aluminium: LME aluminium is expected to trade at $2,180-2,200/mt with support at the 20-day moving average while SHFE aluminium is expected to trade at 14,500-14,750...Read More

SHANGHAI, Jan 17 (SMM)? 1/4 ?Copper: LME copper is expected to trade at $7,030-7,230/mt while the SHFE 1803 contract is to trade at 53,450-54,600 yuan/mt. On the spot market, the discounts are expected to move at 160-120 yuan/mt.Aluminium: LME aluminium is expected to trade at $2,180-2,200/mt with support at the 20-day moving average while SHFE aluminium is expected to trade at 14,500-14,750...Read More

Published on: Jan 17, 2018 | by finfeedNorthern Cobalt (ASX:N27) informed the market it has examined historical drilling and rock chip sample results at the Selby Pipe Cluster and identified "Stanton-style" cobalt-copper mineralisation in several structures.The new mineralisation discovered is in addition to N27's further 21 prospects at its Running Creek Pipe Cluster, which includes the Stanton C...Read More

SHANGHAI, Jan 17 (SMM)? 1/4 ?Copper: LME copper is expected to trade at $7,030-7,230/mt while the SHFE 1803 contract is to trade at 53,450-54,600 yuan/mt. On the spot market, the discounts are expected to move at 160-120 yuan/mt.Aluminium: LME aluminium is expected to trade at $2,180-2,200/mt with support at the 20-day moving average while SHFE aluminium is expected to trade at 14,500-14,750...Read More

North Arrow Minerals Inc. (TSXV: NAR) is pushing toward a preliminary economic assessment at its 100% owned Naujaat diamond project in the Melville Peninsula, Nunavut, while carefully balancing five other diamond projects across Canada.The Naujaat project hosts the Q1-4 kimberlite which contains 48.8 million tonnes measuring 53.6 carats per hundred tonnes for 26.1 million carats. The kimberlite is...Read More

Nicaragua-focused Condor Gold (LON:CNR) (TSX:COG) expects to begin construction at its 100%-owned La India Project in the first half of the year, following the reception of final permits currently being processed by the country's government.The company, which just this week started trading in the Toronto Stock Exchange, knows that acquiring the pending licences would not only represent a signifi...Read More

Namibia's top diamond producer, Namdeb, a 50/50 joint venture company between the country's government and De Beers, has begun offering early and voluntary retirement to at least 130 of its 1,700 workers, Xinhua reports.According to the agency, the move seeks to ensure the sustainability of Namdeb land-based operations, which is facing potential sales, Mineworkers Union of Namibia Oranjemund branc...Read More

Vale (NYSE:VALE), the world's largest iron ore producer, confirmed Wednesday it is in talks with BHP Billiton over the future of their Samarco joint venture, including the possibility of the Brazilian miner taking full ownership.During a meeting with investors and analysts in Sao Paulo, Vale's investor relations director, Andr?(C) Figueiredo, said it seemed "natural" for the company to become the...Read More

Presidential candidate for the conservative National Integration Party (PIN in Spanish), Diego Castro, caused controversy in Costa Rica after he called environmentalist groups "eco-terrorists."Castro, who has been compared by local media to Donald Trump and Rodrigo Duterte, as well as accused of right-wing populism, said that if he wins the election, he would not yield to ecologists' "petty demand...Read More

Australia's Lucapa Diamond (ASX:LOM) has discovered more large diamonds at its prolific Lulo project in Angola, including a 43-carat yellow stone, the largest coloured gem-quality rock ever recovered at the mine.The company also found a 116-carat low-quality diamond, the tenth +100 carat stone recovered from Lulo since mining operations began two years ago. It's also the second +100 carat rock re...Read More

Even though it sees only minor gains for gold in 2018, with average prices rounding $1358 an ounce, bullion trader Sharps Pixley says it is important to add the yellow metal to one's assets. "Why so?," the company's CEO Ross Norman writes in a press release. "2016 and 2017 saw gold higher on strong spec buying in Q1, taking the market above the level of most physical buyers, before retracing in Q4...Read More

MGX Minerals (CSE: XMG) and Highbury Energy have partnered to prepare a detailed process to extract metals such as nickel, vanadium, and cobalt from petroleum coke.According to a press release, Highbury's experts in thermochemical gasification are assisting MGX in designing a process to generate hydrogen gas and concentrate metals in the form of ash byproduct. Since petcoke is itself a carbon bypr...Read More

Shares in Eldorado Gold (TSX:ELD)(NYSE:EGO) were slightly up on Tuesday after the company announced full-year production that came in line with production guidance, but suspended its semi-annual dividend payment "pending the results of the technical reports and potential subsequent capital requirements."In a press release, the Vancouver-based miner revealed that, including pre-commercial productio...Read More

JOHANNESBURG (miningweekly.com) – Global engineering, project delivery, contract operations specialist and asset management group DRA’s acquisition of Perth-based Minnovo expands its Australian footprint and adds depth to its metallurgical, engineering, procurement, project management, construction and commissioning capabilities in the Asia-Pacific region. DRA CEO Wray Carvelas sa...Read More

The tale of how to catch a wild pig deserves more detail.A smart farmer knew that if he went out with his dogs and nets and cattle prods to capture wild pigs that the pigs would run amok. It would take tremendous energy to round them up. They would violently resist. Some would get away. Some would fight back and possibly injure him or his dogs.And when he finally got them in the pen, his troubles...Read More