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

Full Article: 2018 Could be Another Knockout Year for Emerging Europe By: Frank HolmesDomestic stocks were a great place to invest in 2017, but hopefully you didn't overlook opportunities overseas. Emerging markets had a gangbusters year, surging more than 37.5 percent with dividends reinvested, as measured by the MSCI Emerging Markets Index. A combination of rising PMIs-or the purchasing manage...Read More

GABORONE – Botswana’s Okavango Diamond Company (ODC) posted a 4% jump in sales to $567-million in 2017, the highest annual sales since its formation in 2013, the company said on Thursday.The State-owned company sold 3.41-million carats of diamonds in 2017, managing director Marcus ter Haar told Reuters, adding that the year was characterised by healthy demand and prices in the first ha...Read More

VANCOUVER (miningweekly.com) – The IHS Materials Price Index (MPI) is in its ninth consecutive week of gains, jumping 2.8% last week – the strongest weekly performance since early September.According to IHS Markit economist Cole Hassay, the MPI was supported by broad-based positive indicators, with eight of ten subcomponents rising. Ferrous metals and oil prices were among the biggest...Read More

SHANGHAI, Jan 12 (SMM)? 1/4 ? SHFE zinc stood out from the performance of other nonferrous metals with a 0.8% rise today, while nickel was down close to 2% and lead down 1%. Copper and aluminium both edged down 0.5%.The ferrous complex remained weak with iron ore down over 2% and rebar down 1.6%. Coking coal and hot-rolled coil were down some 1.4% and coke closed 0.7% lower.Copper: SHFE copper was...Read More

SHANGHAI, Jan 12 (SMM)? 1/4 ? SHFE zinc stood out from the performance of other nonferrous metals with a 0.8% rise today, while nickel was down close to 2% and lead down 1%. Copper and aluminium both edged down 0.5%.The ferrous complex remained weak with iron ore down over 2% and rebar down 1.6%. Coking coal and hot-rolled coil were down some 1.4% and coke closed 0.7% lower.Copper: SHFE copper was...Read More

SHANGHAI, Jan 12 (SMM)? 1/4 ? SHFE zinc stood out from the performance of other nonferrous metals with a 0.8% rise today, while nickel was down close to 2% and lead down 1%. Copper and aluminium both edged down 0.5%.The ferrous complex remained weak with iron ore down over 2% and rebar down 1.6%. Coking coal and hot-rolled coil were down some 1.4% and coke closed 0.7% lower.Copper: SHFE copper was...Read More

SHANGHAI, Jan 12 (SMM)? 1/4 ?Copper inventory in Shanghai bonded area stood at 481,000 mt for the week ending Friday January 12, up from 480,200 mt last week. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email service.en@smm.cn  Read More

SHANGHAI, Jan 12 (SMM)? 1/4 ?Copper: LME copper is expected to trade at $7,065-7,200/mt today with support at the 20-day moving average while the SHFE 1803 contract is to trade at 54,200-55,300 yuan/mt. In the spot market, the premiums are set to be firmer at flat to 50 yuan/mt today.Zinc: LME zinc is aiming for $3,400/mt against the backdrop of good fundamentals in the international market. We se...Read More

Operations at Sumitomo Corp’s Ambatovy nickel mine in Madagascar were suspended on January 4 before hurricane Ava hit, the company said on Thursday January 11.Some equipment has been damaged but the maintenance work has started. The company expected the repairing work to finish by the end of January while production would be halted during the time, Reuters reported.This would have some impac...Read More

SHANGHAI, Jan 12 (SMM)? 1/4 ?China’s imported unwrought copper reached 4.69 million mt in 2017, down 5.2% from levels seen in 2016.The import volume in December stood at 450,000 mt, down 4.3% from a month ago and down 8.2% from December 2016. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, pleas...Read More

SHANGHAI, Jan 12 (SMM)? 1/4 ?Copper: LME copper is expected to trade at $7,065-7,200/mt today with support at the 20-day moving average while the SHFE 1803 contract is to trade at 54,200-55,300 yuan/mt. In the spot market, the premiums are set to be firmer at flat to 50 yuan/mt today.Zinc: LME zinc is aiming for $3,400/mt against the backdrop of good fundamentals in the international market. We se...Read More

SHANGHAI, Jan 12 (SMM)? 1/4 ?Copper: LME copper is expected to trade at $7,065-7,200/mt today with support at the 20-day moving average while the SHFE 1803 contract is to trade at 54,200-55,300 yuan/mt. In the spot market, the premiums are set to be firmer at flat to 50 yuan/mt today.Zinc: LME zinc is aiming for $3,400/mt against the backdrop of good fundamentals in the international market. We se...Read More

JOHANNESBURG (miningweekly.com) – South Africa needs to aim towards smarter mining, smarter agriculture and smarter manufacturing.“It’s about taking all the major sectors of the economy forward, with each feeding on the other,” says Industrial Development Corporation (IDC) research and information head Jorge Maia of the roles that must be played by agriculture, mining and m...Read More

US-based Planetary Resources is now a step closer to begin mining asteroids as it successfully launched Thursday night its Arkyd-6 spacecraft, the company's second technology for celestial bodies-observing tests.The Redmond, Washington-based firm had been working on its Arkyd-6 imaging satellite for years with the goal of developing a tool able to deliver affordable, on-demand intelligence of n...Read More

Russian miner Alrosa (MCX:ALRS), the world's top diamond producer by output, received Friday approval from Angolan President Joao Louren??o to expand its stake in local producer Catoca.The deal, worth $70 million, gives Alrosa a further 8.2% stake in Catoca Mining, providing the diamond giant with access to a production base outside Russia.Deal gives Alrosa a further 8.2% stake in Catoca Mining, p...Read More

Indonesian authorities inked Friday a deal with state-owned holding Asahan Aluminum, or Inalum, which sets a framework for Freeport-McMoRan (NYSE:FCX) to transfer control of its massive Grasberg copper and gold mine as agreed last year.The country and the Phoenix, Arizona-based miner had arranged in principle in August that up to a 51% stake in Freeport's local unit, PT Freeport Indonesia (PTFI),...Read More

Canada's First Majestic Silver (NYSE:AG) (TSX:FR) has agreed to buy fellow miner Primero Mining (TSX:P) in a cash and stock deal valued at $320 million, including debt.With the acquisition, the Mexico-focused company gains access to Primero's flagship asset, the San Dimas silver-gold mine, located in what First Majestic defines as it "backyard", in the state of Durango.As a result of the trans...Read More

SHANGHAI, Jan 12 (SMM)? 1/4 ?Copper inventory in Shanghai bonded area stood at 481,000 mt for the week ending Friday January 12, up from 480,200 mt last week. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email service.en@smm.cn  Read More

Valor heads into a busy 2018 drilling and study schedule with plenty of wind in its sails after boosting the total resource tonnage by 80% at the Berenguela copper, silver and zinc project, and expanding estimated copper and silver resources to more than 770 million pounds and 127 million ounces, respectively, both up 37% on previous estimates.Total contained zinc in the latest JORC mineral resour...Read More

Certainly CEO Rob Henderson thinks the company's circa-18% gain since the start of 2018, taking its market capitalisation to around US$174 million (C$219 million), is just a step in the right direction."I believe that investor awareness of Amerigo is improving and our recent Q3 earnings of US$7.9 million demonstrate that we can generate good cash flow at a copper price of US$3.00/lb [now about US$...Read More