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

Imagine if a third of your family died of the plague as religious fanatics preached “The end is nigh!” and threatened that the few pleasures you could squeeze out of life would lead to your eternal damnation. As wars raged around you, surrounded by death, disease, and the lowest grimy depths of poverty, it would be understandable to think the world was in the midst of an apocalyptic co...Read More

Foreign investors are likely to flee Colombia's mining sector in the coming months as the country is failing to protect the interest of global companies operating and exploring in the country, the local mining association warns.According to Roberto Junguito, president of the board of governors at the Colombian Mining Association (ACM), the country needs to set clear rules for the industry and pri...Read More

The United Nations is ready to send additional peacekeeping forces to the Central African Republic diamond-mining town of Bangassou to suppress a recent flare of attacks on civilians and peacekeepers that has cost hundreds of lives in the past two months.Just last week, as many as 100 people were killed in the south of the country, which only last year was allowed to resume diamond exports after...Read More

LUSAKA, May 17 (Reuters) - Zambia is close to reaching an agreement with mining companies over its plans to increase electricity prices, Finance Minister Felix Mutati said on Wednesday.The government last month proposed introducing a flat tariff of 9.30 U.S. cents/kilowatt hour (kWh) backdated to January for mining companies, instead of individually negotiated rates that have averaged 6 U.S. cents...Read More

Investing.com - Gold prices gained in European trade on Wednesday, touching the highest level in two weeks as traders kept an eye on fresh political developments in the U.S. after President Donald Trump allegedly asked the FBI to end a probe into his former security adviser.Comex gold futures rose around $7.00, or about 0.6%, to $1,243.61 a troy ounce by 3:00AM ET (07:00GMT). Meanwhile, spot gold...Read More

(Updates to U.S. market close, changes comment)* S&P 500, Nasdaq Composite touch record highs* Dollar hit by Trump's disclosure, economy concernBy Rodrigo CamposNEW YORK, May 16 (Reuters) - The U.S. dollar index touched its lowest level since early November on Tuesday, hurt by weaker-than-expected U.S. housing data and as political turmoil in Washington raised anew concerns about the outlook for p...Read More

(Updates prices to late U.S. afternoon trading; adds comments)* S&P 500, Nasdaq touch record high* Dollar hit by Trump's disclosure, economy concernBy Rodrigo CamposNEW YORK, May 16 (Reuters) - The U.S. dollar index touched its lowest since early November on Tuesday, hurt by weaker-than-expected U.S. housing data and concerns after political turmoil once again hit Washington.A rally in the euro wa...Read More

Vale's operations in Thompson, Manitoba.World number two nickel miner Vale (NYSE:VALE) announced in a letter to employees on Monday it's placing it Birchtree nickel mine in Canada's Manitoba province on care and maintenance at the beginning of October.The Thompson Citizen reports the suspension will result in about 150 employees at Birchtree being cut and up to 50 additional jobs in downstream pro...Read More

Around half of global copper demand is from the electronics industry and roughly one quarter finds application in building and construction. The remainder find its way into industrial machinery, consumer products and - important in terms of growth potential - the vehicle market, specifically electric vehicles.Vehicles with conventional internal combustion engines typically contain about 20 kilog...Read More

Shares in Turquoise Hill (TSE:TRQ) rose sharply on Tuesday after the company announced better than expected revenues amid declining production at its massive Oyu Tolgoi copper and gold mine in Mongolia.By the close in New York Turquoise Hill stock was changing hands at $2.81, up 6.2% on the day, bringing its year-to-date gains to more than 21%.The Vancouver-based company said in a statement cop...Read More

Net mining revenues in British Columbia came in at $7.3 billion in 2016 up from $6.3 billion in 2015 driven by an increase in gross mining revenue and a decrease in costs for smelting, refining charges, and freight costs, says PWC in its BC mining report it released today.Authors of the report say that the BC mining industry is cautiously optimistic as prices of key metal and resource commodities...Read More

Mining companies, including copper producers, will continue to shape their investment decisions and production plans based on government regulations, which are increasingly becoming very focused on sustainability and communities well-being, a study released Tuesday shows.According to the report, commissioned by the International Copper Association (ICA), the increasing demand for efficient build...Read More

BHP's chief executive Andrew Mackenzie had some "words of wisdom" for activist investor Elliott Management on Tuesday, as he addressed a mining-savvy audience at a Bank of Merrill Lynch conference being held in Barcelona, Spain.The head of the Melbourne-based firm, which only yesterday announced a $10 million rebranding campaign that will see it become simply "BHP," assured investors he could li...Read More

(Updates with U.S. markets, changes dateline from previous LONDON)* Oil flat as traders await data* S&P 500, Nasdaq touch record high before retreating* Dollar hit by Trump's disclosure, economy concernBy Rodrigo CamposNEW YORK, May 16 (Reuters) - The U.S. dollar index touched its lowest since early November on Tuesday, hurt by weaker than expected U.S. housing data and concerns after political tu...Read More

Investing.com - Gold prices inched higher in European trade on Tuesday, trying for its fifth-straight winning session as signs of slowing economic activity in the U.S. saw investors temper expectations for more rate hikes by the Federal Reserve.Comex gold futures rose around $5.00, or about 0.4%, to $1,235.10 a troy ounce by 2:50AM ET (06:50GMT). Meanwhile, spot gold was at $1,235.30.The yellow me...Read More

(Updates prices, changes comment)* Worries over cyber attack result in stock buying* Commodity-linked currencies rise* S&P 500 hits record highBy Rodrigo CamposNEW YORK, May 15 (Reuters) - Commodity-linked stocks and currencies got a lift on Monday from rising crude oil prices after major producers Saudi Arabia and Russia said they would extend oil supply cuts into 2018.Cyber-security shares also...Read More

You are hiring a babysitter. You can choose between a teenage girl who has no babysitting experience, or a paroled child molester who was a kindergarten teacher for 5 years. Is it discrimination to choose the less qualified candidate?Yes. And the right to discriminate is a basic necessity of human interaction. It is about ensuring both parties in any interaction have given consent.Okay, that was a...Read More

You are hiring a babysitter. You can choose between a teenage girl who has no babysitting experience, or a paroled child molester who was a kindergarten teacher for 5 years. Is it discrimination to choose the less qualified candidate?Yes. And the right to discriminate is a basic necessity of human interaction. It is about ensuring both parties in any interaction have given consent.Okay, that was a...Read More

Teck Resources last week reached a deal to sell its 66% interest in the Waneta Dam hydroelectric project in British Columbia, Canada to a local utility for C$1.2 billion ($870m).Teck is Canada's largest diversified miner with revenues of $9.3 billion in 2016 and interests in copper, met coal, zinc in Canada, Chile and Peru, and projects in the Alberta oilsands. The Vancouver-based company is worth...Read More

BHP Billiton (ASX, NYSE:BHP) (LON:BLT) is rolling out a $10 million rebranding campaign that will see the world's largest mining company become simply "BHP" in an attempt to emphasise its Australian roots.The move, announced Monday, comes on the heels of calls from shareholders including activist investor Elliott Management and Australia's Tribeca Investment Partners to change its corporate stru...Read More