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 darkest time in American history.I saw someone refer to the Trump Presidency as “possibly the darkest time in American history.” I’ve heard some iteration of that many times from people still in a frenzy over the Trump Administration.I’m not a big Trump fan. I wasn’t a big Obama fan either. But their presence in office did not and does not hang over my life like a...Read More

(IDEX Online) - Gem Diamonds Limited has recovered an exceptional quality 910 carat, D color Type IIa diamond from the Let??eng mine in Lesotho which is believed to be the fifth largest gem quality diamond ever found.   The mining company said in a statement that it is the largest diamond recovered from the Let??eng mine in the landlocked country.   The Let??eng mine has a reputation for...Read More

JOHANNESBURG (miningweekly.com) – Investors should be prepared to value the reserves of metal that Glencore owns more highly to reward the proactive approach that the London- and Johannesburg-listed diversified mining company has to managing its assets.Reflecting on the decision of Glencore to pull metal from the market during the crisis of 2015/16, Bernstein analysts Paul Gait, Jonathan Abs...Read More

(IDEX Online) - The Israel Diamond Exchange (IDE) will unveil new diamond-based cryptocurrencies created by startup CARATS.IO during the February 5-7 International Diamond Week in Israel (IDWI).   CARATS.IO will host a seminar introducing its new diamond-backed financial instruments to explain the benefits to the diamond industry, the IDE said.   According to Founder and CEO Avishai Sho...Read More

HARARE – Zimbabwe’s state diamond company is expected to produce at least 3 million carats this year, up 65 percent from 1.8 million in 2017, the mines minister told parliament on Monday.Winston Chitando said the Zimbabwe Consolidated Diamond Company, which was formed in 2016 when the government banned private companies from operating in the Marange diamond fields, will start selling g...Read More

(IDEX Online) - The election results for the Chairmanship and Vice Chairmanship of GJEPC was announced today. Pramod Kumar Agarwal has been elected as the Chairman and Colin Shah has been elected as the Vice Chairman of GJEPC for the period of 2018 to 2020.   Thanking the industry and GJPEC members for electing him, the new GJEPC Chairman said, "It is my proud privilege to be nominated and el...Read More

(IDEX Online) - Sarine Technologies Ltd has announced the opening of the Sarine Technology Laboratory, the first in the company's network of advanced, automated gemological labs.   The Sarine Technology Lab will initially offer services in Ramat Gan, Israel, commencing in February. Services will include automated, accurate, consistent, and objective grading of a polished diamond's C...Read More

SHANGHAI, Jan 15 (SMM)? 1/4 ? Nonferrous metals futures on the SHFE saw mixed trading on Monday with copper closing with 0.57% rise and nickel up 0.42%. While zinc and aluminium edged up slightly, lead dropped 0.49% and tin slipped 0.3%.The ferrous complex was weaker as iron ore and coking coal dropped around 2% and coke dropped 1.5%. Both hot-rolled coil and rebar were also down slightly.Copper:...Read More

SHANGHAI, Jan 15 (SMM)? 1/4 ? Nonferrous metals futures on the SHFE saw mixed trading on Monday with copper closing with 0.57% rise and nickel up 0.42%. While zinc and aluminium edged up slightly, lead dropped 0.49% and tin slipped 0.3%.The ferrous complex was weaker as iron ore and coking coal dropped around 2% and coke dropped 1.5%. Both hot-rolled coil and rebar were also down slightly.Copper:...Read More

SHANGHAI, Jan 15 (SMM)? 1/4 ? Nonferrous metals futures on the SHFE saw mixed trading on Monday with copper closing with 0.57% rise and nickel up 0.42%. While zinc and aluminium edged up slightly, lead dropped 0.49% and tin slipped 0.3%.The ferrous complex was weaker as iron ore and coking coal dropped around 2% and coke dropped 1.5%. Both hot-rolled coil and rebar were also down slightly.Copper:...Read More

SHANGHAI, Jan 15 (SMM)? 1/4 ? The operating rates of Chinese galvanizing companies in January is likely to be some 20% lower than levels seen in December, SMM learned.This is partly because snow storms in the north have affected the operations of downstream consumers while demand also turns weaker ahead of the Chinese New Year holiday in mid-February.In fact, some galvanizing plants in north China...Read More

Published on: Jan 15, 2018 | by finfeedAustralian Mines (ASX:AUZ), a Perth-based junior gold explorer, announced it has received a crucial element in the company's polymetallic processing strategy spread across several projects in Australia.The project-critical autoclave component is a significant step for AUZ as it builds up momentum and factors the demonstration-size processing plant into its ex...Read More

JOHANNESBURG, Jan 15 (Reuters) – Acacia Mining said on Monday said fourth-quarter production fell by a third on the previous year due to a ban on exports of gold and copper concentrates in Tanzania.The London-listed miner said production in the three months to December fell 30 percent to 148,477 ounces compared with a year ago and 22 percent from the previous quarter. This brought 2017 gold...Read More

Canada's Tahoe Resources (TSX:THO)(NYSE:TAHO) is laying off 250 employees, or roughly a quarter of the staff from its flagship Escobal silver mine, in Guatemala, as a legal battle to having the mining license for the site reinstated drags on.The Vancouver-based company had to halt operations at the mine last July after the country's Supreme Court provisionally ordered so following an appeal from...Read More

Shares in Canadian precious metals producer McEwen Mining (TSX, NYSE:MUX) were up Monday as gold prices touched the highest level since early September during the European trading session, and the company reported 2017 and Q4 results.The Toronto-based company said it produced 109,947 gold ounces and 3,178,742 silver ounces, last year, roughly in line with full-year guidance of 109,500 ounces of...Read More

Shares in Africa-focused Gem Diamonds (LON:GEMD) skyrocketed Monday morning after the miner announced the recovery of what it qualified as the fifth biggest gem-quality diamond ever found.The 910-carat, D colour, Type IIa rough diamond was unearthed at the firm's flagship Let??eng mine in Lesotho. According to analysts at Liberum, it could fetch as much as $40 million, based on previous sales...Read More

The re-start of a mothballed zinc mine in Australia is turning out to have a strong upside for both the mining company and its investors.New Century Resources (ASX:NCZ) announced the completion of resource definition drilling at the South Block portion of the Century Zine Mine.The mine was the third largest zinc mine in the world prior to its closure in 2016. New Century acquired its interest in...Read More

Hunger for high-quality iron ore from Australia and Brazil pushed Chinese imports of the steelmaking ingredient to a record high in 2017.While shipments were down 11% in December, the full-year totals rose 5% to 1.075 billion tonnes, exceeding a billion tonnes for the second year, according to Reuters trade data."Big miners have expanded their production and shipments while China's crackdown on il...Read More

Gold enjoyed a nice lift late last week as the yellow metal cruised to $1,337.40 at the close of trading Friday in New York.Spot gold gained $21.40 between Wednesday and Friday, clearly benefiting from the fallout of a dramatic selloff of US government debt. February gold futures rose 0.29% to $1,338.80.According to Bloomberg, Chinese government officials have recommended slowing or halting purcha...Read More

Jason Levers, Project Geologist, logging diamond drill core from the Pine Bay VMS Project at Callinex's facilities near Flin Flon, Manitoba. Photo courtesy Callinex Mines Inc.Callinex Mines Inc. [CNX-TSXV, CLLXF-OTCQX] on Friday January 12 released results from a 2017 summer drilling campaign at the Pine Pay and Big Island Projects in Manitoba's Flin Flon Mining District.The Pine Bay and Big Islan...Read More