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

Donald Trump Is One More Bullyboy in a World of Strongmen ... Watching Donald Trump skulking behind Hillary Clinton on the debate stage Sunday night, muttering about locking her up if he wins, was a reminder that we are drifting toward a kind of bullyboy-world, where power is everything. - RealClearPolitics/Washington PostPopulism has now been linked directly to tyranny as we can see from this a...Read More

Donald Trump Is One More Bullyboy in a World of Strongmen ... Watching Donald Trump skulking behind Hillary Clinton on the debate stage Sunday night, muttering about locking her up if he wins, was a reminder that we are drifting toward a kind of bullyboy-world, where power is everything. - RealClearPolitics/Washington PostPopulism has now been linked directly to tyranny as we can see from this a...Read More

Konkola Copper Mines, a subsidiary of London-listed Vedanta Resources, has shut down its gigantic Nchanga Smelter in the city of Chingola, located in Zambia's Copperbelt Province.The closure, which is expected to last for 40 days, is explained by the company as a needed maintenance measure, which will debottleneck the smelting stream to its capacity and result in a 35% rise in production.KCM will...Read More

The Philippines is considering extending a ban on new mines and will review all environmental permits previously granted to companies operating in the country, the mining minister said Friday.Miners had hoped some of the restrictions imposed in 2012 would have been lifted following the audit that finished in August. Instead, they are getting worse.The move is part of Manila's increasing efforts to...Read More

Chile's environmental regulator SMA is seeking sanctions against Antofagasta's (LON:ANTO) Los Pelambres copper mine for breaching its environmental permit in relation to the management of water resources and nearby flora.The alleged violations include the extraction of water from unauthorized sites, the construction of unapproved wells and the failure to reforest some areas as required by law.Th...Read More

Three NGOs, the Venezuelan Program for Education and Action in Human Rights-Provea, the Peace Lab, and the Working Group on Indigenous Issues at the Andes University, issued a statement blasting Nicol??s Maduro's government's push to exploit mineral resources on ancestral lands in the Bol?-var, Amazonas, and Delta Amacuro states. They are joining their voices to those of other organizations, such...Read More

Copper for December settlement on the Comex division of the NYMEX closed Thursday down 5.45 cents or 2.5% to $2.1220 per pound. Earlier, the contract slid to $2.1165 per pound, the lowest since September 13.The red metal's performance has been lacklustre managing only a 2.2% gain in 2016, following a drop of 26% last year.The recent fall is the consequence of China's September trade data, which sh...Read More

Donald Trump Prepares New Attack on Media, Clinton … Donald Trump will broaden his attack against the media to hit globalism and the Clinton Foundation by charging that Mexican billionaire Carlos Slim is part of a biased coalition working in collusion with the Clinton campaign and its supporters to generate news reports of decades-old allegations from several women. -Wall Street JournalThe...Read More

Donald Trump Prepares New Attack on Media, Clinton … Donald Trump will broaden his attack against the media to hit globalism and the Clinton Foundation by charging that Mexican billionaire Carlos Slim is part of a biased coalition working in collusion with the Clinton campaign and its supporters to generate news reports of decades-old allegations from several women. -Wall Street JournalThe...Read More

Shares in Azerbaijan-focused miner Anglo Asian Mining (LON:AAZ), the country's top gold producer, took a hit Thursday after it reported its January-September output was lower than in the same period last year, adding it was cutting its 2016 production target.The company produced 49,874 ounces of gold in the nine months to September, or 7.8% less than in the same quarter last year. As a consequence...Read More

Mining companies once again make up over 50 % of the total market capitalization on the TSX Venture Exchange, up from 36% on June 30, 2015, according to PwC Canada's 2016 Junior Mine report, Signs of Life. For the past 12 month period between June 2015 to June 2016, cash flows from financing activities increased significantly and cash flows from debt and equity financing increased to 45% and 48% r...Read More

Citi Is Worried About the Political Winds Blowing Against Yellen … A premature exit? … Citigroup Inc. on Tuesday posed an unspeakable question: will a political storm sweep Federal Reserve Chair Janet Yellen after the election that will force her to quit before her term ends in February 2018? -BloombergCiti claims to be worried about the demise of Janet Yellen as Fed head but actua...Read More

Citi Is Worried About the Political Winds Blowing Against Yellen … A premature exit? … Citigroup Inc. on Tuesday posed an unspeakable question: will a political storm sweep Federal Reserve Chair Janet Yellen after the election that will force her to quit before her term ends in February 2018? -BloombergCiti claims to be worried about the demise of Janet Yellen as Fed head but actua...Read More

While not expecting a boom, BMI Research in a new report is positive about the medium-term growth outlook for Iran's mining industry following the lifting of decades old Western sanctions at the beginning of the year.Over the next five years, new investment from Europe and Asia will accelerate the growth of the Middle-Eastern nation's mining sector, which contains vast underdeveloped reserves but...Read More

New permits issued to Seabridge Gold's KSM project in northern British Columbia marks an important step forward as the Toront0-based company transforms the world's largest undeveloped gold project by reserves into an underground mine.Seabridge announced on Tuesday it has received the necessary permits from the BC Government to develop an exploration adit into the large Deep Kerr Deposit at its...Read More

Republican Politicians Have Only Their Fears to Blame ... In calls this morning, many Rs privately want to defect from Trump. But they say the debate gave them pause since he roused their base. ... Remember, there were already an unusual number of high-profile Republicans who had broken with their own nominee, with many saying they would support Hillary Clinton and others just refusing to vote f...Read More

Republican Politicians Have Only Their Fears to Blame ... In calls this morning, many Rs privately want to defect from Trump. But they say the debate gave them pause since he roused their base. ... Remember, there were already an unusual number of high-profile Republicans who had broken with their own nominee, with many saying they would support Hillary Clinton and others just refusing to vote f...Read More

On Tuesday, nickel exchanged hands for $10,490 a tonne in London holding onto most of its 3% overnight gains. The nickel price has now advanced 20.7% in 2016. Measured from its multi-year trough of $7,725 a tonne struck in February, the price of the metal mainly used in steelmaking is up 38% thanks to a ban on exports from former top supplier and a crackdown on mining in the Philippines.Nevert...Read More

After a 10-day strike that hit Freeport-McMoRan's giant Grasberg open pit copper and gold mine in the Indonesian province of Papua, operations went back to normal on Monday.According to Reuters, the company's Indonesian division and representatives of the PT Freeport Indonesia Chemical, Energy and Mining Workers Union finally reached an agreement related to bonus payments in dispute. Close to 1,00...Read More

The world's No. 1 mining company BHP Billiton just got a rejection letter from Australian SolGold, regarding its offer to buy a stake in the company to gain exposure to its copper-gold Cascabel project in Ecuador.On Saturday, BHP presented an investment program that included $30 million for a 10% stake in SolGold and an additional $275 million related to the acquisition of a 70% stake in the unit...Read More