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

(IDEX Online) - Debbie Azar, co-founder of Gemological Science International (GSI), took to the radio waves recently, participating in interviews on "The Ultimate Gift of Love: Diamonds - What to Know Before Making Those Sparkling Holiday Purchases", the GSI said.   Azar reached approximately 7.7 million listeners and appeared on 286 radio broadcast airings (some live, some syndicated) across...Read More

(IDEX Online) - GIA will open a new laboratory in Surat, India, and expand its long-term presence in Antwerp, Belgium, in the second quarter of 2018 to meet the needs of the global gem and jewelry industry.   The GIA said that it has secured premises for both locations.   "Expanding our facility in Antwerp and opening a new location in Surat continues GIA's mission-driven effort to bring...Read More

(IDEX Online) - Environmental responsibility in the jewelry sector will be the focus of a seminar scheduled for January 22, the fourth day of VICENZAORO January 2018, organized by the Italian Exhibition Group and CIBJO, the World Jewellery Confederation.   "Environmental sustainability, which refers to the ability of biological systems to remain diverse and productive over the course of time,...Read More

(IDEX Online) - Stuller, Inc. has announced the acquisition of B&D Sales Corporation, a laser welder and engraver company, located in Cranston, Rhode Island.   "We are thrilled to be adding additional equipment and service options to our existing selection," said Tammy Lail, vice president of tools and supplies. "Customers will be able to purchase the machine that fits not only their budg...Read More

(IDEX Online) - The Israel Diamond Exchange (IDE), organizers of the 7th International Diamond Week in Israel (IDWI), reports that hotel rooms for participating buyers are rapidly running out. As a result those registering late for the event will not be guaranteed free hotel accommodations, the IDE said.    This year's event has attracted buyers from more than 20 countries, including th...Read More

SHANGHAI, Jan 9 (SMM)? 1/4 ?Nonferrous metals traded higher this afternoon with zinc and nickel rising over 1%. Lead and copper were up close to 1%, while tin and aluminium edged down slightly.Ferrous metals were firm today with iron ore leading the gain with over 3% rise. Coking coal moved higher by 1.7%, while hot-rolled coil and rebar rose over 1%. Coke also traded up slightly.Copper: SHFE copp...Read More

SHANGHAI, Jan 9 (SMM)? 1/4 ?Nonferrous metals traded higher this afternoon with zinc and nickel rising over 1%. Lead and copper were up close to 1%, while tin and aluminium edged down slightly.Ferrous metals were firm today with iron ore leading the gain with over 3% rise. Coking coal moved higher by 1.7%, while hot-rolled coil and rebar rose over 1%. Coke also traded up slightly.Copper: SHFE copp...Read More

SHANGHAI, Jan 9 (SMM)? 1/4 ?Nonferrous metals traded higher this afternoon with zinc and nickel rising over 1%. Lead and copper were up close to 1%, while tin and aluminium edged down slightly.Ferrous metals were firm today with iron ore leading the gain with over 3% rise. Coking coal moved higher by 1.7%, while hot-rolled coil and rebar rose over 1%. Coke also traded up slightly.Copper: SHFE copp...Read More

SHANGHAI, Jan 9 (SMM) – SMM surveys major Chinese producers in the base metals market every month to get first-hand production data. The following table shows the latest output in December and our forecast for January.CopperChina’s copper output rose in December as some large producers looked to hit their annual production target at the year-end. Qingyuan Jiangxi Copper and Shandong Hu...Read More

SHANGHAI, Jan 9 (SMM) – SMM surveys major Chinese producers in the base metals market every month to get first-hand production data. The following table shows the latest output in December and our forecast for January.CopperChina’s copper output rose in December as some large producers looked to hit their annual production target at the year-end. Qingyuan Jiangxi Copper and Shandong Hu...Read More

SHANGHAI, Jan 9 (SMM) – SMM surveys major Chinese producers in the base metals market every month to get first-hand production data. The following table shows the latest output in December and our forecast for January.CopperChina’s copper output rose in December as some large producers looked to hit their annual production target at the year-end. Qingyuan Jiangxi Copper and Shandong Hu...Read More

SHANGHAI, Jan 9 (SMM)? 1/4 ? Nickel ore exports from the Philippines to China were expected to be 720,000 wmt, or 6,600 mt in Ni content, according to SMM research. This is down 76% from volumes seen in November.The slump was mainly led by the raining season in Surigao region while shipments in Palawan and Zambales only rose slightly. Shipments from Tawi-Tawi region was stable.On quality breakdown...Read More

SHANGHAI, Jan 9 (SMM)? 1/4 ?Cooper: While LME copper sees temporary support at $7,100/mt, the SHFE copper is expected to trade downwards to 54,000 yuan/mt. However, the implementation of copper scrap policy and the expected supply tightness of concentrate would limit the down side. LME copper is expected to trade at $7,090-7,150/mt today and the SHFE 1803 contract is to trade at 54,300-54,900 yuan...Read More

SHANGHAI, Jan 9 (SMM)? 1/4 ? The operating rates at zinc smelters in December dropped 4.16 percentage points from the previous month with companies of all sizes seeing declines.Even though some smelters have come out of their maintenance schedules and Hunan Kingstone Mining has resumed its production, overall output was down over 20,000 mt from November, according to SMM research.Shorter supply of...Read More

SHANGHAI, Jan 9 (SMM)? 1/4 ?Cooper: While LME copper sees temporary support at $7,100/mt, the SHFE copper is expected to trade downwards to 54,000 yuan/mt. However, the implementation of copper scrap policy and the expected supply tightness of concentrate would limit the down side. LME copper is expected to trade at $7,090-7,150/mt today and the SHFE 1803 contract is to trade at 54,300-54,900 yuan...Read More

SHANGHAI, Jan 9 (SMM)? 1/4 ?Cooper: While LME copper sees temporary support at $7,100/mt, the SHFE copper is expected to trade downwards to 54,000 yuan/mt. However, the implementation of copper scrap policy and the expected supply tightness of concentrate would limit the down side. LME copper is expected to trade at $7,090-7,150/mt today and the SHFE 1803 contract is to trade at 54,300-54,900 yuan...Read More

Base and precious metals miner Hudbay Minerals (TSX, NYSE:HBM) has agreed to buy a series of mining properties in southern Peru near its Constancia copper mine, which will see the Canadian company expanding its footprint in the country, the world's second largest producer of the red metal.The Toronto-based miner has now the option to buy a 100% interest in the Caballito (formerly Katanga) and Mar...Read More

Brazil's Vale (NYSE:VALE), the world's largest iron ore and nickel miner, has officially closed the sale of its fertilizer business to US-based Mosaic Co. (NYSE:MOS), the No.1 producer of phosphate fertilizer, in a deal worth about $1.4 billion, considerably less than the $2.5bn originally estimated.The transaction, part of Vale's strategy to cut debt and focus on its core businesses, excludes t...Read More

Alberta-based Osum Oil Sands Corp. said that, by the end of the year, it wants to double production at the Orion SAGD project located near Cold Lake.Orion is the company's sole operating asset. The junior purchased it from Shell in 2014 for $325 million and it currently produces 9,000 barrels per day.In October 2017, just one month after completing its 1,500-barrels per day Phase 2A expansion at t...Read More

The Democratic Republic of Congo's state-owned miner, G?(C)camines, is calling the government to update the 16-year-old mining code, arguing it currently benefits foreign firms more than local producers or the country itself.The company, which is heavily indebted and has consistently failed to meet production targets as of late, said in a statement it was evident the World Bank-supported Mining C...Read More