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
After Trump & Brexit, populist tsunami threatens European mainstream ... Back in May, when Donald's Trump's victory in the U.S. presidential election seemed the remotest of possibilities, a senior European official took to Twitter before a G7 summit in Tokyo to warn of a "horror scenario". Imagine, mused the official, if instead of Barack Obama, Francois Hollande, David Cameron and Matteo...Read More
After Trump & Brexit, populist tsunami threatens European mainstream ... Back in May, when Donald's Trump's victory in the U.S. presidential election seemed the remotest of possibilities, a senior European official took to Twitter before a G7 summit in Tokyo to warn of a "horror scenario". Imagine, mused the official, if instead of Barack Obama, Francois Hollande, David Cameron and Matteo...Read More
The American voters have Brexited, leaving behind their global dominance America has Brexited. It's an imperfect comparison. The United States can't leave itself. But on Wednesday, with the election of Donald Trump, it withdrew from a number of agreements it long ago entered, some more enduring than others. The American people have voted to leave behind the late 20th century consensus on f...Read More
The American voters have Brexited, leaving behind their global dominance America has Brexited. It's an imperfect comparison. The United States can't leave itself. But on Wednesday, with the election of Donald Trump, it withdrew from a number of agreements it long ago entered, some more enduring than others. The American people have voted to leave behind the late 20th century consensus on f...Read More
Ecuador may soon welcome mining majors BHP Billiton (ASX:BHP) and Hancock Prospecting after country authorities qualified recent talks with such companies as positive.Ecuador began last month granting licences for new exploration areas, with over 300 of them to be awarded by year-end.According to Mining Minister Javier Cordova Unda, BHP is keen on a few copper projects, including one that would im...Read More
In early trade on Tuesday copper for delivery in December held onto six-month highs with copper futures exchanging hands for $2.3085 per pound in New York and topping $5,000 a tonne in London dealings for the first time since end-April.Copper has risen during 11 of the last 12 trading sessions, adding nearly 11% in two weeks. While other industrial metals and steelmaking raw materials have jumpe...Read More
What's wrong with Hillary Clinton's brand? ... As momentous an occasion as this should be for women around the world, Ms. Clinton would begin her term in the Oval Office with her unpopularity ratings at near-record levels. All of which leads to the question: What's wrong with Brand Hillary? – The Globe and MailIn the run-up to today's election, many articles on Hillary in the mainstrea...Read More
What's wrong with Hillary Clinton's brand? ... As momentous an occasion as this should be for women around the world, Ms. Clinton would begin her term in the Oval Office with her unpopularity ratings at near-record levels. All of which leads to the question: What's wrong with Brand Hillary? – The Globe and MailIn the run-up to today's election, many articles on Hillary in the mainstrea...Read More
Shares in Seabridge Gold (TSX:SEA) (NYSE:SA) were being hammered Monday after the Canadian explorer revealed results of new preliminary studies which show the cost of building its massive gold-copper project in northern British Columbia, would be about $5 billion.While the KSM project is considered the world's largest undeveloped gold-copper project by reserves, the amount needed to turn it int...Read More
In early trade on Monday copper for delivery in December touched six-month highs with copper futures exchanging hands for $2.3125 per pound in New York and topping $5,000 a tonne in London dealings for the first time since end-April.Copper has risen during 10 of the last 11 trading sessions, adding nearly 11% in two weeks. While other industrial metals and steelmaking raw materials have jumped...Read More
PolyMet Mining Corp. [POM-TSX; PLM-NYSE MKT] announced that its wholly owned subsidiary, Poly Met Mining Inc. submitted a Permit to Mine application to the Minnesota Department of Natural Resources (DNR) for the NorthMet copper-nickel-precious metal project. The Permit to Mine application has three main areas of focus: mine waste management; wetlands protection and replacement; and financial ass...Read More
Updating Libertarianism for the 21st Century ... A little while ago, I wrote that libertarianism — the small-government philosophy codified by Robert Nozick and others in the mid-20th century — is looking a little shopworn. As efforts to slash government yield diminishing returns, and empirical evidence piles up that many government interventions are very beneficial, the minimalist s...Read More
Updating Libertarianism for the 21st Century ... A little while ago, I wrote that libertarianism — the small-government philosophy codified by Robert Nozick and others in the mid-20th century — is looking a little shopworn. As efforts to slash government yield diminishing returns, and empirical evidence piles up that many government interventions are very beneficial, the minimalist s...Read More
According to Bloomberg New Energy Finance, EVs could displace 2 million barrels a day of oil demand as early as 2023. "That would create a glut of oil equivalent to what triggered the 2014 oil crisis."The first half of 2016 saw 128 percent growth in the critical Chinese market, and far stronger than expected sales in the United States, hinting that the world's EV fleet could grow even faster in th...Read More
... Man searching for toilet in Australia’s outback makes astounding discovery of 49,000-year-old human settlement ... Archaeologists working with traditional Aboriginal owners have discovered astounding evidence of the earliest human habitation of inland Australia. - Sutff, NewZealand's Largest Online SourceAustralian habitation keeps getting pushed back and this discovery mentioned abo...Read More
Fiery Tesla Crash Sends Flaming Batteries Shooting Like Projectiles, Killing Two In World’s Safest Car ... When a Tesla Model S collided with a tree in downtown Indianapolis Thursday, an inferno erupted. The crash, which killed the driver and her one passenger, sent battery cells "firing off almost like projectiles around rescuers," fire department officials told local NBC affiliate WT...Read More
... Man searching for toilet in Australia’s outback makes astounding discovery of 49,000-year-old human settlement ... Archaeologists working with traditional Aboriginal owners have discovered astounding evidence of the earliest human habitation of inland Australia. - Sutff, NewZealand's Largest Online SourceAustralian habitation keeps getting pushed back and this discovery mentioned abo...Read More
Fiery Tesla Crash Sends Flaming Batteries Shooting Like Projectiles, Killing Two In World’s Safest Car ... When a Tesla Model S collided with a tree in downtown Indianapolis Thursday, an inferno erupted. The crash, which killed the driver and her one passenger, sent battery cells "firing off almost like projectiles around rescuers," fire department officials told local NBC affiliate WT...Read More
Canada's federal government is injecting Cdn$2 million (about $1.5 million) into Rambler Metals and Mining's (LON:RMM) (CVE:RAB) copper and gold mine located in Newfoundland's Baie VerteThe loan will let the London, England-based junior miner increase output at its Ming operation, in production since Nov. 2012 and which has an updated estimated life span of 21 years. Ming was originally expected...Read More
Caterpillar (NYSE:CAT), the world's No.1 heavy machinery maker, and software developer Trimble said Friday they are extending their collaboration to bring mining customers improved operational decision-making capabilities.The agreement falls within the framework of an already established relationship between the companies aimed to transform the way mines manage their business, California-based Tr...Read More