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
Chile's Codelco, the world's top copper producer, announced today that it will invest $250 million to modify the shape of the current pit at its Andina mine, located in the Valpara?-so region. The goal of the plan is to redirect mineral extraction toward zones where there are no glaciers, while still maintaining the size of the mine and expected output. In a media statement, Codelco said that ther...Read More
An Iranian vessel operating under Panama's flag has been on fire since last Saturday in the East China Sea, following a collision with a cargo ship about 260km off the coast of Shanghai. The boat could burn for as long as one month, Park Sung-dong, an official with South Korea's Ministry of Oceans and Fisheries, said today.The Sanchi was carrying 136,000 tonnes or nearly 1 million barrels of conde...Read More
The U.S. may challenge Saudi Arabia and Russia in the next two years in the race to become the world's largest oil producer.U.S. output will rise to 10 million barrels a day as soon as next month and top 11 million in November 2019, according to government forecasts Tuesday. That compares with almost 11 million barrels of Russian production in 2017 and Bloomberg estimates of just below 10 million...Read More
The FBI doesn’t like encryption. They are concerned that they cannot properly investigate criminals.Often they have enough evidence to justify a search of a suspect’s device. But they do not have the actual ability to search many encrypted smartphones and computers.The only solution they can think of is to violate your rights, my rights, and the rights of tech companies. They want to...Read More
The FBI doesn’t like encryption. They are concerned that they cannot properly investigate criminals.Often they have enough evidence to justify a search of a suspect’s device. But they do not have the actual ability to search many encrypted smartphones and computers.The only solution they can think of is to violate your rights, my rights, and the rights of tech companies. They want to...Read More
US Under Secretary of State for Public Diplomacy said that the Secretary of State Rex Tillerson to meet with President Donald Trump and Defense Secretary James Mattis and that the decision on recertifying the Iran nuclear deal is expected on January 12.Read full newsRead More
Senate Foreign Relations Committee Chairman Bob Corker (R-Tenn.) warned Tuesday that withdrawing from the Iran nuclear deal could have consequences for the ongoing crisis with North Korea as President Trump faces critical deadlines on the accord.Read full newsRead More
Relatives of former president say his body had high radiation levels and they doubt the official finding of cardiac arrestRead full newsRead More
SandRidge Energy Inc's biggest shareholder, Carl Icahn, called on Tuesday for the replacement of two directors and the removal of a poison pill barring individual shareholders from accumulating more than 10 percent of the U.S. shale producer's stock.Read full newsRead More
Department of Energy says US to produce more than 11 million barrels per day by end of next year - Anadolu AgencyRead full newsRead More
Brixton Metals Corporation (TSXV:BBB) (the 'Company' or 'Brixton') is pleased to announce that, following the completion of its $3 million private placement, the Company has commenced drilling at its Langis and Hudson Bay projects located in the Cobalt Camp of Ontario, Canada. Drilling is currently underway and is focusing on high grade cobalt and silver targets as extension of...Read More
Gold and silver will see a sell off if they fail to break key resistances of $1327 and $1740. Copper needs to trade over $318.40 for the rest of the week to prevent a sell off. Crude oil looks headed for $65.00. Crypto currency volatility (I will not call it a sell off) should be positive for bullion. Chinese demand will zoom in bullion before their New Year next month. Chinese buyers will be us...Read More
Gold and silver will see a sell off if they fail to break key resistances of $1327 and $1740. Copper needs to trade over $318.40 for the rest of the week to prevent a sell off. Crude oil looks headed for $65.00. Crypto currency volatility (I will not call it a sell off) should be positive for bullion. Chinese demand will zoom in bullion before their New Year next month. Chinese buyers will be us...Read More
Add Mike Novogratz to the list of investors looking to Canada for a quick route to public markets to tap the latest crazesRead full newsRead More
Chile's Codelco, the world's top copper producer, announced today that it will invest $250 million to modify the shape of the current pit at its Andina mine, located in the Valpara?-so region. The goal of the plan is to redirect mineral extraction toward zones where there are no glaciers, while still maintaining the size of the mine and expected output. In a media statement, Codelco said that ther...Read More
Chile's Codelco, the world's top copper producer, announced today that it will invest $250 million to modify the shape of the current pit at its Andina mine, located in the Valpara?-so region. The goal of the plan is to redirect mineral extraction toward zones where there are no glaciers, while still maintaining the size of the mine and expected output. In a media statement, Codelco said that ther...Read More
The company, which was formed last year from the combination of NewCastle Gold, Anfield Gold and Trek Mining, says 2018 will be a milestone year.Read full newsRead More
SANAA: A threat by Houthi militias to cut off vital Red Sea shipping routes is a "flagrant" challenge to international law, according to a Yemeni minister. Abdul-Raqib Fat'h, a minister and chairman of the Yemeni Higher Relief Committee, said in a statement to a Yemeni news agency, and quoted by SPA, that the threat to cut off international navigation in the Red Sea is an "open and flagrant challe...Read More
General Motors Co Chief Executive Mary Barra has made a bold promise to investors that the Detroit automaker will make money selling electric cars by 2021.Read full newsRead More
Brent touches $68.29 per barrel as US inventories drop, however, Iran says Opec is 'not keen' on an oil price riseRead full newsRead More