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

'Crazies' Will Undermine the U.S. System ... Former Fed chief doesn't spell out whom he is referring to Says economic and political environment is worst he's seen ... Former Federal Reserve Chairman Alan Greenspan voiced concern that the U.S. economic and political system could be undermined by what he called "crazies." - BloombergOnce again we observe a meme we've been covering, populism versus g...Read More

Global underground mining equipment will reach US$30.5 billion by 2023 according to a market research study published last month by Credence Research. Based on what the firm calls a "comprehensive analysis of market influencing and inhibiting factors related to underground mining equipment industry," the report concludes that growing urbanization in the Asia Pacific region, the Middle East, Af...Read More

Shares in Freeport-McMoRan Copper & Gold (NYSE:FCX) reacted positively to news the number one publicly-held copper producer managed to offload oil and gas assets it put up for sale more than a year ago. Year to date the $14 billion company's stock is now up 64%.Anadarko Petroleum said Monday after market close that it would buy deepwater Gulf of Mexico assets from Freeport for a total of $2 billio...Read More

Yeah, Hillary Has Pneumonia, But Trump Is Still A Deranged Threat To America ... Modern medicine can remedy one of these ailments more thoroughly than the other. -Huffington PostAs libertarian (former) Congressman Ron Paul pointed out recently (here), the "deep state" elects whom it wants and it seems to have wanted Hillary Clinton.And even after Hillary’s most recent collapse, articles ar...Read More

Yeah, Hillary Has Pneumonia, But Trump Is Still A Deranged Threat To America ... Modern medicine can remedy one of these ailments more thoroughly than the other. -Huffington PostAs libertarian (former) Congressman Ron Paul pointed out recently (here), the "deep state" elects whom it wants and it seems to have wanted Hillary Clinton.And even after Hillary’s most recent collapse, articles ar...Read More

In European trade on Monday copper for delivery in December slipped to a near three-month low after worries about the global economic outlook weighed down the bellwether metal and speculators bet on further weakness ahead. Copper futures exchanged hands for $2.0640 per pound ($4,550 a tonne), down more than 1% from Friday's close and the lowest since June 16.Shipments from the world's number t...Read More

Hillary Clinton abruptly left the Sept. 11 memorial ceremony in New York City Sunday morning after feeling "overheated," according to a campaign statement. "Secretary Clinton attended the September 11th Commemoration Ceremony for just an hour and thirty minutes this morning to pay her respects and greet some of the families of the fallen," Clinton campaign spokesperson Nick Merrill said in a s...Read More

Trump Wants Border Wall, but Britain Is Building One in France ... The U.K. government has announced plans to begin constructing a 13-foot concrete roadside barrier at the French port of Calais, where truck drivers have been targeted by migrants trying to sneak through the Channel Tunnel. -NBCWalls are being built in the West not to keep others out but to keep citizens in. They are being erec...Read More

Hillary Clinton abruptly left the Sept. 11 memorial ceremony in New York City Sunday morning after feeling "overheated," according to a campaign statement. "Secretary Clinton attended the September 11th Commemoration Ceremony for just an hour and thirty minutes this morning to pay her respects and greet some of the families of the fallen," Clinton campaign spokesperson Nick Merrill said in a s...Read More

Trump Wants Border Wall, but Britain Is Building One in France ... The U.K. government has announced plans to begin constructing a 13-foot concrete roadside barrier at the French port of Calais, where truck drivers have been targeted by migrants trying to sneak through the Channel Tunnel. -NBCWalls are being built in the West not to keep others out but to keep citizens in. They are being erec...Read More

Miners at one of Chile's largest copper operations walked off the job on Friday morning after rejecting the majority-owner's final offer in collective wage talks.Over 1,700 workers at Anglo American's (LON:AAL) Los Bronces copper mine stopped work, after the union and the company failed to reach agreement despite a government-sponsored mediation process during contract negotiations. Anglo had repo...Read More

Green Party's Jill Stein Pledges ‘Truth’ About 9/11 Attacks if Elected ... US Green Party Presidential bid Jill Stein claimed that as an elected president she would launch a new investigation into the 9/11 attacks, because the probe carried out during the George W. Bush Administartion "defrauded the nation." -SputnikJill Stein is correct about the Bush administration "defrauding th...Read More

Green Party's Jill Stein Pledges ‘Truth’ About 9/11 Attacks if Elected ... US Green Party Presidential bid Jill Stein claimed that as an elected president she would launch a new investigation into the 9/11 attacks, because the probe carried out during the George W. Bush Administartion "defrauded the nation." -SputnikJill Stein is correct about the Bush administration "defrauding th...Read More

Those figuring that the Fed still might hike rates in September are getting one more bite at the apple. As the week drew to a close and the Fed’s “quiet period” before meetings was about to settle in, investors recoiled over news that the central bank’s most dovish official, Governor Lael Brainard, will be delivering a previously unannounced speech Monday at The Chicago Co...Read More

Those figuring that the Fed still might hike rates in September are getting one more bite at the apple. As the week drew to a close and the Fed’s “quiet period” before meetings was about to settle in, investors recoiled over news that the central bank’s most dovish official, Governor Lael Brainard, will be delivering a previously unannounced speech Monday at The Chicago Co...Read More

Cash-strapped Mongolia is planning to bring back to life the long-delayed and massive Tavan Tolgoi coal project in the south Gobi desert, as the land-locked country looks for ways to revive its ailing economy.As a first step, Erdenes Tavan Tolgoi (ETT), the state-owned company that holds the license to the deposit, has already begun evaluating bids and calculating the potential economic benefits o...Read More

Nevsun Resources (TSX:NSU) (NYSE MKT:NSU) announced on Friday that it has sold and shipped the first zinc concentrate product from its Bisha mine in Eritrea.The ten thousand tonne lot was loaded at the Port of Massawa and sailed on September 7, 2016. The concentrate was sold on the spot market, attracting multiple offers and highly competitive treatment charges, the company said in a statement.Nev...Read More

A river near the city of Norilsk in Siberia, the eponymous home of the world's top nickel and palladium producer, turned blood red recently with various social media outlets posting pictures of the crimson flood.A photo posted by ?'???????>>?Read More

Thom Hartmann exposes libertarian philosophy for the billionaire scam that it is ... With the major party candidates’ negative ratings at historic highs, millions of Americans are looking to third-party candidates, with libertarian Gary Johnson polling highest among third-party candidates currently. But do libertarians and progressives really see eye to eye on the big issues, as Johnson wo...Read More

Dirty Money in Afghanistan ... How Kabul is Cleaning Up the Illicit Economy ... Drug trafficking, smuggling, unregulated trade, and fraud in procurement contracts are encumbering the country’s economic development and funding the terrorist groups that undermine its stability. Money laundering plays a crucial role in supporting this criminality. - Foreign AffairsThe US and its allies are...Read More