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

Dec 2 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 48 points at 6,704 on Friday, according to financial bookmakers.* The UK blue chip index closed down 0.5 percent on Thursday at 6,752.93, pulled down by more evidence of the weak pound damaging consumer goods companies and by some stocks trading without rights to their latest dividend payouts. TALKTALK: A cyber attack on Britain...Read More

Silver: Being Bearish A Crowded Trade ... Bullish sentiment on silver is at its lowest reading since July of last year. ... A Trump win in the election was supposed to be bullish for precious metals stocks, but instead investors have seen the plunge in mining shares exacerbated. Despite the 40-week moving average being strong support this year, silver plunged through it post-election like it...Read More

Silver: Being Bearish A Crowded Trade ... Bullish sentiment on silver is at its lowest reading since July of last year. ... A Trump win in the election was supposed to be bullish for precious metals stocks, but instead investors have seen the plunge in mining shares exacerbated. Despite the 40-week moving average being strong support this year, silver plunged through it post-election like it...Read More

Shares in Lundin Mining (TSX:LUN) jumped more than 5% on Thursday after the company announced the introduction of a quarterly dividend policy and provided a strong production outlook for its copper and zinc operations. The company, worth $3.7 billion in New York, is up nearly 90% this year thanks to the rally in base metals.The first $0.03 per share payment, pending board approval, is expected to...Read More

Mining and commodities trader giant Glencore (LON:GLEN) just added a fresh sign to a mounting pile of indicators that signal a long-awaited recovery in the mining industry, by announcing it will resume paying dividends in 2017 and also meet its goal this year to cut net debt.The Swiss company, which was one of the worst-performing stocks in the FTSE 100 last year amid a commodity prices rout, said...Read More

(Corrects foreign ministry spokesman's response to "unaware of situation" not "aware of situation" in paragraph 8)ULAANBAATAR, Dec 1 (Reuters) - A major border crossing between China and Mongolia has imposed new fees on commodity shipments between the two countries, amid a diplomatic row sparked by the visit to Ulaanbaatar of the Tibetan spiritual leader the Dalai Lama last week.The Dalai Lama is...Read More

(Adds company news and sector items, futures)Dec 1 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 1 point higher on Thursday, according to financial bookmakers, with futures down 0.15 percent ahead of the cash market open.* The UK blue chip index closed up 0.2 percent on Wednesday at 6,783.79, led by rebounding energy stocks after oil prices surged to their biggest one-day gain in nine...Read More

Dec 1 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 1 point higher on Thursday, according to financial bookmakers.* The UK blue chip index closed up 0.2 percent on Wednesday at 6,783.79, led by rebounding energy stocks after oil prices surged to their biggest one-day gain in nine months when major producers agreed to output cuts to curb oversupply. FTSE RESHUFFLE: Precious metals mini...Read More

Investing.com - Gold prices slid on Wednesday as the dollar pushed higher after upbeat U.S. economic reports on Tuesday supported the case for higher interest rates.Gold was trading at $1,187.65 a troy ounce by 10:00 GMT.The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was up 0.13% at 101.11, holding below the almost 14-year hi...Read More

(Adds company news items, futures)Nov 30 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening about 2 points lower or almost flat in percentage terms on Wednesday, according to financial bookmakers, with futures FFIc1 up 0.2 percent ahead of the cash market open.* The UK blue chip index closed down 0.4 percent on Tuesday at 6,772, underperforming other European markets as energy and mining s...Read More

Nov 30 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening about 2 points lower, or almost flat in percentage terms on Wednesday, according to financial bookmakers.* The UK blue chip index closed down 0.4 percent on Tuesday at 6,772, underperforming other European markets as energy and mining stocks were hit by weaker oil and metals prices. BP: Mexico hopes to award at least four of the 10...Read More

After hitting an 18-month high on an intraday basis on Monday, the copper price has come under pressure as the bullishness about the impact of Trump's $500 billion infrastructure plans on demand for the bellwether metal begins to cool.In Asian trade on Wednesday copper for delivery in March, the most active contract, exchanged hands for $2.5570 per pound ($5,637 a tonne) on the Comex market in New...Read More

The Australian Stock Exchange has shut the door on one of its most controversy-plagued companies, Moly Mines, after ruling the firm was not allowed to resume trading due to concerns about Chinese majority shareholder Hanlong Group.The rarely used move, which effectively blocks Hanlong and leaves roughly 4,000 Moly shareholders in limbo, comes despite Moly promising it would have the Chinese firm's...Read More

* Taliban behind much of the violence over the last 15 years* Fight targets foreign forces, not Afghans, militants say* Taliban directs fighters to aid in security of projects (Adds presidential spokesman's comment)KABUL, Nov 29 (Reuters) - The Afghan Taliban on Tuesday offered to protect major government projects, such as the mining of a big copper deposit and an international natural gas pipelin...Read More

KABUL, Nov 29 (Reuters) - The Afghan Taliban on Tuesday offered to protect major government projects, such as the mining of a big copper deposit and an international natural gas pipeline project, to allow them to get off the ground after years of delay.The Taliban have been behind much of the violence over the last 15 years that has frightened off investors, leaving Afghanistan unable to tap natur...Read More

TOKYO, Nov 29 (Reuters) - Benchmark Tokyo rubber futures dipped from 1-1/2 year highs on Tuesday, as investors took profit after Shanghai futures pared earlier gains and as weaker metals prices weighed on market sentiment, dealers said."The market took a breather after the recent rally and as prices of base metals retreated from the recent highs," said Toshitaka Tazawa, analyst at Fujitomi Co.The...Read More

* Inflation trades reverse: Treasury yields fall* Stocks fall on Wall Street weighed by consumer, banks* Crude volatile, pares gains late (Updates to U.S. market close, changes comments)By Rodrigo CamposNEW YORK, Nov 28 (Reuters) - Crude futures rose in choppy trading on Monday ahead of an OPEC meeting later in the week that could reap production cuts, while the dollar pared losses and U.S. stocks...Read More

* Inflation trades reverse: Treasury yields fall* Stocks fall on Wall Street weighed by consumer, banks* Crude volatile, pares gains late (Updates prices, changes comment)By Rodrigo CamposNEW YORK, Nov 28 (Reuters) - Crude futures rallied in choppy trading on Monday ahead of an OPEC meeting later in the week that could reap production cuts, while the U.S. dollar recovered from earlier losses but w...Read More

Don’t Lower Corporate Taxes. Abolish Them ... Lowering the corporate tax rate appears to be all the rage. Donald Trump has promised a cut to 15 percent from 35 percent in the U.S., and British Prime Minister Theresa May has pledged to make the U.K.’s corporate tax the lowest in the G-20, which would mean taking it lower than Trump intends to … Now that business-friendly governmen...Read More

Don’t Lower Corporate Taxes. Abolish Them ... Lowering the corporate tax rate appears to be all the rage. Donald Trump has promised a cut to 15 percent from 35 percent in the U.S., and British Prime Minister Theresa May has pledged to make the U.K.’s corporate tax the lowest in the G-20, which would mean taking it lower than Trump intends to … Now that business-friendly governmen...Read More