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

Kinross Gold (TSE:K) (NYSE:KGC), the world's fifth largest miner of the precious metal by output, has suspended operations at its main mine in Chile earlier than planned after a court upheld the country's regulator (SMA) decision to shut down the water system linked to the operation over environmental concerns.The Canadian miner, which disputes the regulator's accusations of alleged environmental...Read More

As expected, the prices of gold and copper are down ahead of the US Federal Reserve Chair Janet Yellen's much anticipated annual speech on the direction of monetary policy.Source: Allianz Global Investors, Bloomberg, Datastream, BofA Merrill Lynch. Global equities, Emerging Market equities and global government bond returns in local currencyThe consensus seems to have shifted in favour of earlier...Read More

Mining scene newcomer and BHP spin-off South32 (ASX, LON, JSE:S32) said Thursday it would pay a maiden dividend despite posting a net loss of $1.6bn for its first full fiscal year due to weak commodity prices and asset write-downs.Underlying earnings, excluding non-cash impairments and foreign exchange movements for the Perth-based miner, fell sharply - 76% to $138 million. Revenue for the year...Read More

Shares in Glencore (LON: GLEN) were down 5.2% at noon in London after the miner and commodity trader reported a significant drop in underlying earnings and revealed it has taken a $400 million hit related to an accounting mismatch over coal derivatives.Glencore posted a $369 million net loss in the period compared with a $676 million net loss in the same period last year.Despite a rebound in comm...Read More

Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company"), is pleased to provide an update on its 100%-owned Bayan Khundii Gold Project ("Bayan Khundii") and Altan Nar Gold-Polymetallic Project ("Altan Nar"). In advance of the resumption of drilling in September 2016, the Company has been carrying out extensive technical studies on the styles and controls of gold mineralization at both B...Read More

In New York trade on Monday copper for delivery in September suffered another down day as new supply coming on stream coupled with fewer than usual mining disruptions upset the fundamentals for the metal.Copper dipped almost 2% to $2.1270 per pound ($4,690 a tonne), a six week low. While other industrial metals and steelmaking raw materials have jumped in value this year, industry bellwether copp...Read More

Canada's mineral exploration and mining industry is asking Energy and Mines Ministers, currently in Winnipeg for their 73rd annual conference, to work on tackling several challenges that have resulted in Canada dropping to second place behind Australia as the most desirable mining destination in the world.Prospectors & Developers Association of Canada (PDAC) President Bob Schafer said that as the...Read More

Stephen Nano, CEO of Mirasol Resources sits down with Maurice Jackson of Proven & Probable (http://www.provenandprobable.com/) to discuss the virtues of Prospect Generation, the most recent press release regarding the Claudia Gold-Silver Project' ., and some of the unique features that makes Mirasol Resources one of the hand-picked exhibitors for the Sprott Natural Resource Symposium in Vancouve...Read More

Scott Close of Eurasian Minerals sits down with Maurice Jackson of Proven and Probable to discuss the virtues of partnering and owning shares in one of the industry's premier Prospect Generators. Specifically, Mr. Close outlines the business model for Eurasian Minerals and how they have earned the distinction of being identified as a Royalty Generator. In addition, value investors will learn about...Read More

Moody's Investors Service has injected some fresh optimism into the global mining industry by changing its outlook for base metals to stable from negative, which basically means it believes prices for aluminum, copper, nickel and zinc have already bottomed out."We view prices for base metals as having likely bottomed following the sharp decline beginning late last year, and consequently we have re...Read More

BRIEFRyan Lochte, Jimmy Feigen, Gunnar Bentz and Jack Conger's celebratory night out in Rio continues to get weirder. First the group said they were mugged in a taxi. Then the story changed to include a stop at a gas station restroom. Now authorities have focused on the gas station restroom and there is apparently security footage that shows one of the swimmers "breaking down" a door and "fighting...Read More

BRIEFFake human sacrifice filmed at Cern, with pranking scientists suspected … Scientific users' of the Geneva facility 'let their humour go too far' with staging of occult rite ... The video, which circulated online, shows several individuals in black cloaks gathering in a main square at Europe's top physics lab, in what appears to be a re-enactment of an occult ceremony. The video includ...Read More

BRIEFUS moves nuclear weapons from Turkey to Romania ... Two independent sources told EurActiv.com that the US has started transferring nuclear weapons stationed in Turkey to Romania, against the background of worsening relations between Washington and Ankara.- Euractiv (here)Always the nukes.Whenever there is military tension anywhere in the world that involves the US, it often involves the nucle...Read More

Credit ratings agency Moody's warned at the beginning of the year that the current downturn in raw materials was like no other and that defaults among mining and metals companies could reach levels last seen during the height of the financial crisis.As a result, Moody's embarked on a sector-wide review of the 87 global mining majors that it covers. The review started off with a bang in January whe...Read More

Signs of resurgence in platinum, a stronger gold price and growing coal exports to India should be triggers for South Africa's mining leadership to grasp the opportunities that it missed in the last commodity boom, according to consulting engineers and scientists SRK Consulting (South Africa)."It is time for the mining sector to get some traction from the National Development Plan, Mining Operatio...Read More

Bolivia, one of the poorest countries in Latin America, has began shipping lithium to China in what is considered the first step towards fulfilling its ambitions to becoming the world's No. 1 exporter of the commodity, used in high tech devices such as smart phones and electric cars, as well as in the pharmaceutical industry.With a price tag of barely $70,000, Bolivia's lithium shipment to China...Read More

By any objective measure, Donald Trump is poised to lose the November election by a wide margin. Taking into consideration new swing-state polls from Quinnipiac University that show Trump trailing Hillary Clinton by 12, 10 and 3 points in Virginia, Colorado and Iowa, respectively, we can use RealClearPolitics’s average of recent polls in swing states (and 2012 results everywhere else) to e...Read More

NPR is killing off comments. That's great news! ... NPR made a big announcement Wednesday: It is ending its users' ability to offer comments at the bottom of each story posted on its site. “We’ve reached the point where we’ve realized that there are other, better ways to achieve the same kind of community discussion around the issues we raise in our journalism,” Scott Mon...Read More

China is the leader in extracting gold, zinc, lead, molybdenum, coal, tin, tungsten, rare earths, graphite, vanadium, antimony and phosphate, and holds second place in mine production of copper, silver, cobalt, bauxite and manganese.A new report from BMI Research shows the country's domestic mining output growth has slowed dramatically and will average far below levels attained in the last decade...Read More

London HQ'ed Capital Economics, an independent research and consulting firm, has launched a new publication tracking China's industrial metals demand. In the grand tradition of the economics discipline, the July report has some good news and bad news.Parts of industry key to metals demand continued to strengthen last monthCapital Economics says industrial production data from China for the mo...Read More