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

Abenomics’ return to fiscal stimulus shows failure to reach economic goals ... Prime Minister Shinzo Abe’s return to the fiscal-stimulus lever he first pulled three years ago shows how far he remains from hitting ambitious targets for reviving Japan’s economy. The cabinet on Tuesday approved a spending-and-lending package totalling ?28 trillion ($363 billion), including ?4....Read More

North Korean Missile Lands Close to Japan ... North Korea fired a ballistic missile early Wednesday that landed unusually close to Japan, drawing a strong protest from Tokyo a day after it warned of Pyongyang's advancing missile threat. ... Japanese Prime Minister Shinzo Abe said the latest missile had fallen into Tokyo's territorial waters and called it an "unforgivable act of aggression that...Read More

Turquoise Hill Resources (TSE,NYSE:TRQ) on Tuesday released its operational overview and financial results for its Oyu Tolgoi copper-gold mine in Mongolia that came in above expectations despite showing production declines for both metals.The Vancouver-based company said Oyu Tolgoi's second quarter concentrator throughput was in line with the first quarter at roughly 105,000 tonnes per day, but...Read More

Production of bauxite, the major source of aluminum, is accelerating steadily according to the latest reports. Strong project pipelines in Australia and India are the main growth catalyst, with 5 of Australia's bauxite mines currently providing over a quarter of global supply.Rio Tinto posted a 3.9% output increase from its bauxite operations in Australia for Q1 of this year. The mining corporatio...Read More

At a time when companies in the mining sector are struggling to raise capital to finance their ventures, some Canadian mining companies have turned to crowdfunding platforms as an innovative solution. The concept has been around for some time in various fields, including new technology, entertainment and media, and has been relatively successful. As a result, some mining companies have decided to...Read More

Donald Trump: 'I'm Afraid the Election Is Going to Be Rigged' ... Donald Trump on Monday night repeated his earlier assertion that the 2016 general election will be "rigged" against him ... "I'm telling you, Nov. 8, we'd better be careful, because that election is going to be rigged," Mr. Trump said in the Fox News interview. "And I hope the Republicans are watching closely or it's going to be t...Read More

The big puzzle in economics today: why is the economy growing so slowly? ... The growth of the US economy keeps falling short of expectations. On Friday, we learned that the US economy grew at an inflation-adjusted rate of 1 percent in the first half of 2016. That's the slowest six-month growth rate since 2012, and it continues the slow growth that has characterized the recovery since 2009. So w...Read More

Donald Trump: 'I'm Afraid the Election Is Going to Be Rigged' ... Donald Trump on Monday night repeated his earlier assertion that the 2016 general election will be "rigged" against him ... "I'm telling you, Nov. 8, we'd better be careful, because that election is going to be rigged," Mr. Trump said in the Fox News interview. "And I hope the Republicans are watching closely or it's going to be t...Read More

The big puzzle in economics today: why is the economy growing so slowly? ... The growth of the US economy keeps falling short of expectations. On Friday, we learned that the US economy grew at an inflation-adjusted rate of 1 percent in the first half of 2016. That's the slowest six-month growth rate since 2012, and it continues the slow growth that has characterized the recovery since 2009. So w...Read More

Gold may be grabbing the headlines with its best year-to-date performance in decades and silver's 48% surge in 2016 to above $20 an ounce is a big swing even for such a volatile metal, but this year's rally in commodities is broad-based and becoming more so.After underperforming gold in 2016, platinum has now overtaken the yellow metal with a year to date advance of a shade under 34%. A chunk...Read More

On Monday, nickel exchanged hands for $10,755 a tonne in London, the highest since mid-August last year and a 24% advance in 2016. Measured from its 2016 trough of $7,725 a tonne struck in February, the price of the metal mainly used in steelmaking is up 39%.Nevertheless, it's still nowhere near where it was in early in 2014 when Indonesia's ban on ore exports led many to believe the volati...Read More

Both the Philippines and Indonesia are seeking to reinforce environmental regulations and increase revenues from the mining sector, compounding longer-term difficulties for mining operators in both countries.Mining firms could face penalties for not complying with previously unenforced regulations, especially in the Philippines where President Rodrigo Duterte has spoken against the negative effect...Read More

WND Exclusive Secret: Service Agent Warns of ‘Dictator’ Hillary: ‘There are rules for the Clintons, and there are rules for everybody else’ ... Gary Byrne worked in the White House during the Clinton administration, but he wasn't among the speakers invited to give testimony at the Democratic National Convention last week of Hillary Clinton's character and deeds. Had he b...Read More

“The path of least resistance in the short term seems to be for stocks to go higher, but to do so sustainably we need to see much stronger economic growth and positive earnings growth,” said Wiegand, adding that he is surprised by the absence of volatility and range-bound markets. - Fox BusinessThe path of least resistance is up.Until it's down.And we told you so. Remember this DB art...Read More

WND Exclusive Secret: Service Agent Warns of ‘Dictator’ Hillary: ‘There are rules for the Clintons, and there are rules for everybody else’ ... Gary Byrne worked in the White House during the Clinton administration, but he wasn't among the speakers invited to give testimony at the Democratic National Convention last week of Hillary Clinton's character and deeds. Had he b...Read More

“The path of least resistance in the short term seems to be for stocks to go higher, but to do so sustainably we need to see much stronger economic growth and positive earnings growth,” said Wiegand, adding that he is surprised by the absence of volatility and range-bound markets. - Fox BusinessThe path of least resistance is up.Until it's down.And we told you so. Remember this DB art...Read More

Global disorder: from Donald Trump to the South China Sea ... The belligerence of domestic politics is spilling on to the world stage ... Take a harder look and some uncomfortable patterns emerge: rising nationalism, identity politics, disdain for institutions and a fracturing of the rules-based international system. Governments have lost control, and citizens faith. The belligerence in domestic p...Read More

Defending against the growing missile threat ... Congress has a duty to bolster the U.S. air defense system ... Both Iran and North Korea are rogue nations developing and testing new missile technologies at an alarming rate. Iran threatens U.S. forces and has missile technology to carry out those threats. North Korea has successfully tested missiles that can be fired from submarines and is threate...Read More

Global disorder: from Donald Trump to the South China Sea ... The belligerence of domestic politics is spilling on to the world stage ... Take a harder look and some uncomfortable patterns emerge: rising nationalism, identity politics, disdain for institutions and a fracturing of the rules-based international system. Governments have lost control, and citizens faith. The belligerence in domestic p...Read More

Defending against the growing missile threat ... Congress has a duty to bolster the U.S. air defense system ... Both Iran and North Korea are rogue nations developing and testing new missile technologies at an alarming rate. Iran threatens U.S. forces and has missile technology to carry out those threats. North Korea has successfully tested missiles that can be fired from submarines and is threate...Read More