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

First was Latin America, now Africa. No matter where the projects are located, if they are promising copper or gold assets, Chinese investors are coming for it.The imminent acquisition of Freeport-McMoRan's Tenke Fungurume mine in the Democratic Republic of Congo is just the latest sign of a growing trend, as analysts expect the Asian nation to continue its quest for a steady supply of metals, ma...Read More

Donald Trump wrongly blames Hillary Clinton for creation of ISIS ... Donald Trump and his vice presidential candidate Mike Pence gave their first joint interview to 60 Minutes and used the show to point the finger at Hillary Clinton for ISIS ... The intervention in Libya, which she supported, did give ISIS an opening, but Trump is overstating her role by saying she is responsible for ISIS. T...Read More

Tesla’s stock falls after Elon Musk reveals his ‘master plan’ ... CEO Elon Musk, has a “master plan” for his company and for the future of electric vehicles and autonomous driving. After more than a week of teasing about its existence, Elon Musk revealed Part 2 of his "master product plan" for Tesla on Wednesday evening. Or, as he calls it, "part deux." -LATimesA vi...Read More

We Will Win the Global War Against Radical Islamists ... "What good comes from slowing down immigration of people from the Middle East?" This is what we are hearing from the so-called smart pundits on the news this morning after a butcher dragged and crushed innocent people down a street for a mile in Nice France. This is just the latest battle in a global war being waged against anyone that...Read More

Donald Trump wrongly blames Hillary Clinton for creation of ISIS ... Donald Trump and his vice presidential candidate Mike Pence gave their first joint interview to 60 Minutes and used the show to point the finger at Hillary Clinton for ISIS ... The intervention in Libya, which she supported, did give ISIS an opening, but Trump is overstating her role by saying she is responsible for ISIS. T...Read More

Tesla’s stock falls after Elon Musk reveals his ‘master plan’ ... CEO Elon Musk, has a “master plan” for his company and for the future of electric vehicles and autonomous driving. After more than a week of teasing about its existence, Elon Musk revealed Part 2 of his "master product plan" for Tesla on Wednesday evening. Or, as he calls it, "part deux." -LATimesA vi...Read More

We Will Win the Global War Against Radical Islamists ... "What good comes from slowing down immigration of people from the Middle East?" This is what we are hearing from the so-called smart pundits on the news this morning after a butcher dragged and crushed innocent people down a street for a mile in Nice France. This is just the latest battle in a global war being waged against anyone that...Read More

Brazil's Vale (NYSE:VALE), the world's No.1 iron-ore producer, saw a slight decline in second-quarter output, but still managed to beat analysts' estimates, keeping a new annual production record in sight.The Rio de Janeiro-based miner said it produced 86.8 million tonnes of iron ore in the April-to-June period, down 2.8% from a year earlier, when it hit a record high.Compared with the first quart...Read More

Behind The CIA Desperate Turkey Coup Attempt Column ... On the evening of July 15, a group of Turkish army officers announced that they had staged a military coup d'etat and had assumed control of the country. They claimed that Erdogan was in a desperate flight for his life and that they were now in the process of restoring order ... Behind the coup attempt is a far more dramatic story of the huge...Read More

Behind The CIA Desperate Turkey Coup Attempt Column ... On the evening of July 15, a group of Turkish army officers announced that they had staged a military coup d'etat and had assumed control of the country. They claimed that Erdogan was in a desperate flight for his life and that they were now in the process of restoring order ... Behind the coup attempt is a far more dramatic story of the huge...Read More

Source: Capital Economics - July 19, 2016.Source: Capital EconomicsThere was a general pullback in industrial metals and mining on Wednesday on the back of a stronger dollar and lingering worries about global growth. But the dip doesn't mean that the upward momentum is now broken.There hasn't been a lack of skeptics about prospects for the sector and at the start of the year producers themselves m...Read More

Shares in Newmont Mining was trading higher after hours on Wednesday after the company announced second quarter results that beat analysts estimates.Following a broad-based sell-off for gold miners during regular trade on the back of a weaker gold price, Newmont shares added 1.8% after the release of its financials. The company is now worth $20.7 billion on the New York Stock Exchange after risi...Read More

Shares in Anglo American (LON:AAL) collapsed Wednesday after the miner cut its annual target for copper due to heavy snow at its Los Bronces operation in Chile, and also revealed output declines in almost all the commodities it mines.The stock was under pressure on Wednesday, trading 10.31% down to 729.7p at 1:40 pm GMT, the most it has fallen in more than three weeks, following Anglo's announceme...Read More

Chris Christie Made a Case Against Hillary Clinton. We Fact-Checked. ... ... Gov. Chris Christie of New Jersey, whom Donald J. Trump passed over to be his running mate, was one of the stars of the Republican convention's second night on Tuesday, delivering a detailed case against Hillary Clinton with a prosecutorial zeal ... Like many indictments, the facts presented to the Republican jury were so...Read More

Global elites must heed the warning of populist rage ... Real income stagnation over a longer period than any since the war is a fundamental political fact. -Financial TimesThis article acknowledges that globalism is failing but then concludes if it does that Western civilization will end as well.We entirely disagree with this argument, but we see why it is being made.In fact, we predicted it last...Read More

Chris Christie Made a Case Against Hillary Clinton. We Fact-Checked. ... ... Gov. Chris Christie of New Jersey, whom Donald J. Trump passed over to be his running mate, was one of the stars of the Republican convention's second night on Tuesday, delivering a detailed case against Hillary Clinton with a prosecutorial zeal ... Like many indictments, the facts presented to the Republican jury were so...Read More

Global elites must heed the warning of populist rage ... Real income stagnation over a longer period than any since the war is a fundamental political fact. -Financial TimesThis article acknowledges that globalism is failing but then concludes if it does that Western civilization will end as well.We entirely disagree with this argument, but we see why it is being made.In fact, we predicted it last...Read More

BHP Billiton (NYSE:BHP) announced Tuesday the company exceeded full year 2016 production guidance for petroleum, copper and metallurgical coal, but came in slightly below its iron ore production target.The suspension of its Samarco joint venture with Vale saw BHP's output on attributable basis miss its revised target by 2 million tonnes at 227 tonnes for the year to end June. The world's numb...Read More

Trevali Mining (TSE: TV) jumped 5.1% on Tuesday after the company announced expansion of high-grade silver-lead-zinc mineralization at the Magistral North and Oyon Zones at its Santander zinc mine in Peru.In lunchtime trade on the Toronto Stock Exchange the Vancouver-based mid-tier producer was trading at its highs for the day amid a generally weak day for mining stocks. Around 1 million share...Read More

Canadian companies paid a total of US$32.6 billion for foreign businesses in the Energy, Mining & Utilities (EMU) sector during the first half of the year, which represents a 100.6% rise in value over the total paid in the same period last year, a new report released Tuesday shows.The volume of deals, however, dropped by nearly half in the first six months of the year from 31 transactions in 2015,...Read More