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 of chemical company Albemarle Corporation (NYSE:ALB) had a huge year in 2017, rising nearly 49%. Of course, this outperformance was nothing new for shareholders, who watched ALB stock surge 53.7% back in 2016. This year is shaping up to be no different, with the equity jumping almost 3% on the first trading day of 2018, and more analysts are starting to take notice.Just this morning, Citigr...Read More
NVIDIA Corporation (NASDAQ:NVDA) stock turned in its best week since July last week, capitalizing on Intel's (INTC) controversial chip issues. Then, at the Consumer Electronics Show (CES) this weekend, NVIDIA announced it ispartnering with Uber, Volkswagen, and Baidu, to provide graphics chips for artificial intelligence (AI) in driverless cars. The big news has NVDA stock up another 2.7% to trade...Read More
Nigeria, Africa's biggest oil producer and a member of OPEC, has suffered fuel shortages over the past few weeks. They complicated transport and hurt economic activity and, in the words of President Muhammadu Buhari, ensured that for many Nigerians the Christmas holidays were "anything but merry and happy." His administration says it's working overtime to end the queues that have formed at gasolin...Read More
After posting their strongest first week in years, U.S. stocks are set to open slightly lower this morning. The Fed will be in focus amid a relatively light economic and earnings docket, with Boston Fed President Eric Rosengren, Atlanta Fed President Raphael Bostic, and San Francisco Fed President John Williams all slated to speak. Traders will be looking for any insight on the potential timeline...Read More
Canada's Cruz Cobalt (TSX-V:CUZ) plans to go all in at its projects in North America in 2018, particularly at its three British Columbia-based properties, as the junior miner bets on the growing demand for ethically sourced cobalt, a key ingredient in the batteries used in electric vehicles."We plan to be active on all of our Canadian and US cobalt projects in 2018," the company's president James...Read More
"From a seasonality perspective, there is hope for the bulls, with New Year's week having a historically bullish seasonality... [but] with [the Santa Claus rally] yet to arrive, the Fed might be labeled as the Grinch that is stealing Santa's thunder... "[T]he levels that are a round 20% above the SPX and SPDR S&P 500 ETF Trust (SPY - 266.86) 2016 closes -- 2,686.60 and $268.23 - have been areas of...Read More
Gold edged down on Monday, retreating further from last week's 3-1/2 month high as the dollar clawed back some ground against the buoyant euro and as traders bet on further increases to U.S. interest rates after Friday's payrolls data.Dollar weakness, which continued into early January after its biggest annual drop since 2003, had helped to lift assets priced in the U.S. currency, with gold last w...Read More
Rescue crews wrestled to bring a blaze on an Iranian oil tanker off China's east coast under control on Monday as fire raged for a second day following a collision with a grain ship, while the body of one of the 32 missing crew members was found on aboard.Read full newsRead More
Diamond miners have started the year off on the right foot as two Africa-focused producers announced Monday the recovery of three huge diamonds, each bigger than 100 carats.Gem Diamonds' (LON:GEMD) unearthed a 117-carat and a 110-carat D color Type IIa diamonds at its flagship Let??eng mine in Lesotho, bringing the number of 100-carat-plus stones the company has found at the operation since ea...Read More
Diamond miners have started the year off on the right foot as two Africa-focused producers announced Monday the recovery of three huge diamonds, each bigger than 100 carats.Gem Diamonds' (LON:GEMD) unearthed a 117-carat and a 110-carat D color Type IIa diamonds at its flagship Let??eng mine in Lesotho, bringing the number of 100-carat-plus stones the company has found at the operation since ea...Read More
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Some ideas on how to stop bitcoin mining from destroying the planet.Read full newsRead More
Commodities Analysis by Steve St. Angelo covering: XAU/USD, Dow Jones Industrial Average, Gold Futures, Natural Gas Futures. Read Steve St. Angelo's latest article on Investing.comRead full newsRead More
Just before Idaho Territory was to become the 43rd state, it had opportunities for drink in large numbers per capita - even in Mormon towns.Read full newsRead More
Several big mining companies are bringing new projects online, while others will see production decline in the year ahead.Read full newsRead More
DUBLIN, Jan. 5, 2018 /PRNewswire/ -- TheRead full newsRead More
This is the year to invest in gold mining stocks, thanks to the start of a major gold bull market. Here's why, plus the one gold miner to own...Read full newsRead More
As one hand giveth, the other taketh away. Without getting too biblical, it appears that North American coal mining took a step forward in Canada last week but one foot back south of the border at the same time.The small community of Grand Cache, Alberta, was feeling optimistic going into the new year on an announcement that the metallurgical coal mine that closed three years ago is planning on r...Read More
Chinese media is reporting that a large deposit of silver has been found in the autonomous region of Inner Mongolia.According to Xinhua, the state-owned news agency, the deposit contains over 100 million tonnes of silver ore. It wasn't clear from the media report whether that number refers to resources or reserves, but it must be resources, since Chinese silver reserves currently only stand at 39,...Read More
A location map showing Harte Gold's Sugar Zone Project in the Hemlo Camp of northern Ontario. Source Harte Gold Corp.Harte Gold Corp. [HRT-TSX] on Monday January 8 released a project update based on recent drilling at its flagship Sugar Zone property located 80 km east of the Hemlo Gold Camp in northern Ontario.The move comes after the company completed 138,000 metres of drilling in 2017, work tha...Read More