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

Shares in Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) retreated slightly in after hours trade on Tuesday after the company announced full year production that came in at the lower end of production guidance.Barrick, the world's top producer of gold, is up 5% since the start of the year in line with a stronger gold price which set fresh 4-month highs around $1,340 an ounce on Tuesday. The Toronto-...Read More

(IDEX Online) - The De Beers Group has announced it is progressing development of the first blockchain technology initiative to span the diamond value chain and provide a single, tamper-proof and permanent digital record for every diamond registered on the platform.   The initiative will underpin confidence in diamonds and the diamond industry by ensuring that all registered diamonds are conf...Read More

LONDON – Anglo American's diamond unit De Beers aims to launch the first industry-wide blockchain this year to track gems each time they change hands starting from the moment they are dug from the ground, its chief executive said on Tuesday.De Beers, the world's biggest diamond producer by the value of its gems, has led industry efforts to verify the authenticity of diamonds and ensu...Read More

(IDEX Online) - Rio Tinto is forecasting diamond production for 2018 of between 17 and 20 million carats.   The diversified miner owns the Argyle mine in Australia and 60 percent of the Diavik mine in Canada.   At Argyle, 2017 carat production was 23 percent higher than 2016 due to the additional processing of higher grade alluvial tailings.   At Diavik, carats recovered in 2017 wer...Read More

LONDON – A small, embattled diamond miner just hit the jackpot. The 910-carat stone found by Gem Diamonds Ltd. high in the mountains of Lesotho in southern Africa is the fifth-largest in history. Here are the bigger ones:THE CULLINAN DIAMONDAdvertisementBy far the largest at 3,106 carats, it was found at the Premier mine in South Africa in 1905 and named after the mine owner, Sir Thomas Cull...Read More

VANCOUVER (miningweekly.com) – A two-pronged purchase offer by Ascot Diamonds to acquire the three bankrupt South African subsidiaries, and later, a Cayman-based entity of Canadian miner Rockwell Diamonds is still a viable solution to achieve a sale transaction and therefore, a higher recovery value for creditors, Rockwell said in a statement on Monday.A formal liquidation application for su...Read More

Extracting a bulk sample at the Dumont nickel-cobalt project near Amos, northern Quebec. Source: RNC Minerals.RNC Minerals [RNX-TSX; RNKLF-OTCQX], also known as Royal Nickel Corp., says it is working to secure $1 billion to develop the world's largest undeveloped reserves of both nickel and cobalt at the company's flagship Dumont Project near Amos, northern Quebec. It hopes to start the constructi...Read More

SHANGHAI, Jan 16 (SMM)? 1/4 ?Nonferrous metals futures were weak on Tuesday afternoon, with aluminium dropping nearly 3% and nickel down 1.8%. Lead was down 1% and copper down 0.7%. Tin also dropped slightly.The ferrous complex also dropped in the afternoon. Coking coal dropped almost 4% and iron ore dropped 1.6%. Coke slipped 1.5% and hot-rolled coil dropped slightly. Rebar edged up slightly at c...Read More

SHANGHAI, Jan 16 (SMM)? 1/4 ?Nonferrous metals futures were weak on Tuesday afternoon, with aluminium dropping nearly 3% and nickel down 1.8%. Lead was down 1% and copper down 0.7%. Tin also dropped slightly.The ferrous complex also dropped in the afternoon. Coking coal dropped almost 4% and iron ore dropped 1.6%. Coke slipped 1.5% and hot-rolled coil dropped slightly. Rebar edged up slightly at c...Read More

SHANGHAI, Jan 16 (SMM)? 1/4 ?Nonferrous metals futures were weak on Tuesday afternoon, with aluminium dropping nearly 3% and nickel down 1.8%. Lead was down 1% and copper down 0.7%. Tin also dropped slightly.The ferrous complex also dropped in the afternoon. Coking coal dropped almost 4% and iron ore dropped 1.6%. Coke slipped 1.5% and hot-rolled coil dropped slightly. Rebar edged up slightly at c...Read More

SHANGHAI, Jan 16 (SMM)? 1/4 ?Copper: LME copper is expected to trade at $7,150-7,250/mt today while the SHFE 1803 copper is to trade at 54,430-55,200 yuan/mt. We see spot discounts at 220-140 yuan/mt today as buying interest weakened following higher futures prices.Nickel: LME nickel is expected to stay rangebound today and its Chinese counterpart is to trade at 99,200-100,600 yuan/mt. Spot prices...Read More

SHANGHAI, Jan 16 (SMM)? 1/4 ?Copper: LME copper is expected to trade at $7,150-7,250/mt today while the SHFE 1803 copper is to trade at 54,430-55,200 yuan/mt. We see spot discounts at 220-140 yuan/mt today as buying interest weakened following higher futures prices.Nickel: LME nickel is expected to stay rangebound today and its Chinese counterpart is to trade at 99,200-100,600 yuan/mt. Spot prices...Read More

SHANGHAI, Jan 16 (SMM)? 1/4 ?Following a robust growth in 2017, zinc prices face downward pressures in light of accumulated inventories.Inventories are expected to increase due to weak consumption even though domestic supply remained tight due to environmental concerns. Few trades were heard in the spot market last week during the off season, SMM learned.Zinc became the leader among base metals in...Read More

SHANGHAI, Jan 16 (SMM)? 1/4 ?Copper: LME copper is expected to trade at $7,150-7,250/mt today while the SHFE 1803 copper is to trade at 54,430-55,200 yuan/mt. We see spot discounts at 220-140 yuan/mt today as buying interest weakened following higher futures prices.Nickel: LME nickel is expected to stay rangebound today and its Chinese counterpart is to trade at 99,200-100,600 yuan/mt. Spot prices...Read More

Published on: Jan 16, 2018 | by finfeedCastillo Copper (ASX:CCZ), an ASX-listed base-metals junior focusing on copper, cobalt, zinc and nickel, has reported that its initial drilling and sampling has intersected high-grade sulphide mineralisation at the Cangai Copper Mine in New South Wales.According to a market update, CCZ says it has collected samples from stockpiles near the main lode, and obta...Read More

This Sunday, Jan. 21, between 12 pm and 2 pm, attendees of the Vancouver Resource Investment Conference will have a rare opportunity to meet and greet the man behind The Northern Miner‘s beloved cartoons: John Kilburn, a Vancouver-based mining professional who has worked in Western Canada as a mining engineer, broker, journalist, equity analyst and investor.Taking place at The Northern Miner...Read More

Shares in Rio Tinto-controlled Turquoise Hill (TSX, NYSE:TRQ) were hit Tuesday after the miner revealed its massive Oyu Tolgoi copper and gold mine in Mongolia has been handed a $155 million tax bill.The Vancouver-based company said the amount relates to an audit on taxes imposed and paid by the mine operator between 2013 and 2015.Amount relates to an audit on taxes imposed and paid by the...Read More

Gold demand is set to jump this year thanks to government policies targeted at transparency and economic growth, the World Gold Council said Tuesday in its annual outlook report.In particular, the industry body believes that gold will maintain its relevance as a strategic asset in 2018 thanks to four key trends - synchronised global economic growth, shrinking central bank balance sheets, risin...Read More

Anglo American's De Beers, the world's largest rough diamond producer by value, plans to launch this year the first industry-wide blockchain platform, which will enable greater tracking of gems being traded worldwide.The technology, which De Beers began developing last year, allows tracing each diamond throughout the entire value chain - from mine to buyer. It would make of the company an industry...Read More

Following the 2016 launching of the Collective Action Initiative for the Metals Technology Industry, the program announced today that it has added Techint Group's Tenova S.p.A. as a new member.Tenova is a mechanical engineering company for the steel and non-ferrous metals processing industry headquartered in Castellanza, Italy. The other three members of the initiative, Danieli & C Officine M...Read More