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
Mick Davis' X2 Resources, the mining fund once touted as the driver of much-needed investment into the mining industry during the worst of the commodities price rout, is set to go under major changes after failing to close a single deal since launched in 2013.Rumours circulated early this year that X2 had lost backers and was facing a looming overhaul. But it wasn't until the WSJ.com reported Fri...Read More
Hillary Clinton said Monday that Donald Trump, the presumptive Republican nominee, was the most dangerous presidential candidate in the history of the United States. -CNNClinton, in an interview with CBS News’ Charlie Rose, believes Donald Trump has “no self-discipline, no self-control, no sense of history, no understanding of the limits of the kind of power that any president should i...Read More
The trouble with Trump and national security ... Trump is consistent only in his inconsistency on national security issues ... There are the growing challenges abroad — the rising threat of ISIS, the resurgence of al Qaeda, the menace of Putinism and a newly aggressive China, all of which should mean the party historically most trusted on national security would make the crumbling world a sp...Read More
Hillary Clinton said Monday that Donald Trump, the presumptive Republican nominee, was the most dangerous presidential candidate in the history of the United States. -CNNClinton, in an interview with CBS News’ Charlie Rose, believes Donald Trump has “no self-discipline, no self-control, no sense of history, no understanding of the limits of the kind of power that any president should i...Read More
The trouble with Trump and national security ... Trump is consistent only in his inconsistency on national security issues ... There are the growing challenges abroad — the rising threat of ISIS, the resurgence of al Qaeda, the menace of Putinism and a newly aggressive China, all of which should mean the party historically most trusted on national security would make the crumbling world a sp...Read More
According to a new study by the UN's Conference on Trade and Development some commodity dependent developing countries "are losing as much as 67% of their exports worth billions of dollars to trade misinvoicing".Trade misinvoicing - when export and import data between two countries do not align - is thought to be "one of the largest drivers of illicit financial flows from developing countries, so...Read More
A structural problem detected at the rather new London Metal Exchange (LME) offices in Finsbury Square, has forced traders to momentarily relocate to a Chelmsford business park, east of London.The exchange, where $12 trillion of copper and other metals change hands each year, is one of Europe's last open outcry trading floors.The bourse, the world's oldest and largest market for industrial metals...Read More
Botswana's state-owned BCL, the country's biggest copper and nickel miner, will continue to receive about $130 million (1.4 billion pula) a year, even if the company has to stop mining, the country's vice president said.Speaking to Bloomberg News, Mokgweetsi Masisi said the copper and nickel producer, which employs as many as 5,000 people, noted the country will sell its stake in BCL as soon as...Read More
Below, see news from our sponsor. You can see an interview HERE.If you have questions about Golden Arrow, you can reach representative Shawn Perger at 1-800-901-0058 or 778-686-0135. See the website HERE. This article will be printed next week by Northern Miner.Golden Arrow Resources (TSXV: GRG; US-OTC: GARWF) is best known for its Chinchillas silver-lead-zinc project in Argentina's Jujuy p...Read More
Donald Trump accused his Democratic rival Hillary Clinton of enabling Islamic State's emergence with "her stupid policies" in a joint interview with running mate Gov. Mike Pence, while pledging to "declare a war" on the terror group. "Hillary Clinton invented ISIS with her stupid policies. She is responsible for ISIS," Trump said launching a scathing attack on Clinton's legacy as US Secretary of S...Read More
Overcoming Our Inordinate Fear of Inflation ... Why do we care so much about preventing inflation? When I put this query to baby boomers, they tell me that if I had lived through the inflation of the 1970s and early 1980s, I would understand. But … why does it stand out so strongly in our collective memory? -BloombergThis Bloomberg editorial provides us with lots of reasons why moderate i...Read More
Below, see news from our sponsor. You can see an interview HERE.If you have questions about Golden Arrow, you can reach representative Shawn Perger at 1-800-901-0058 or 778-686-0135. See the website HERE. This article will be printed next week by Northern Miner.Golden Arrow Resources (TSXV: GRG; US-OTC: GARWF) is best known for its Chinchillas silver-lead-zinc project in Argentina's Jujuy p...Read More
Donald Trump accused his Democratic rival Hillary Clinton of enabling Islamic State's emergence with "her stupid policies" in a joint interview with running mate Gov. Mike Pence, while pledging to "declare a war" on the terror group. "Hillary Clinton invented ISIS with her stupid policies. She is responsible for ISIS," Trump said launching a scathing attack on Clinton's legacy as US Secretary of S...Read More
Overcoming Our Inordinate Fear of Inflation ... Why do we care so much about preventing inflation? When I put this query to baby boomers, they tell me that if I had lived through the inflation of the 1970s and early 1980s, I would understand. But … why does it stand out so strongly in our collective memory? -BloombergThis Bloomberg editorial provides us with lots of reasons why moderate i...Read More
Choppy seas off the coast of Chile caused widespread delays to copper shipments from the world's top producer in the second half of June, potentially supporting prices in a market grappling with oversupply.Cargoes were stranded at ports as stormy weather prevented ships from loading, said miners in Chile, including world No.1 Codelco.That could buttress prices in the short-term, although any impac...Read More
Democrat Hillary Clinton will call for a constitutional amendment to overturn the Supreme Court's Citizens United decision in her first 30 days as president, her campaign said. Clinton first made the pledge to overturn the decision in 2015 during the opening week of her presidential campaign. The 2010 high court ruling, which allowed unlimited corporate and union spending in elections, has hel...Read More
Democrat Hillary Clinton will call for a constitutional amendment to overturn the Supreme Court's Citizens United decision in her first 30 days as president, her campaign said. Clinton first made the pledge to overturn the decision in 2015 during the opening week of her presidential campaign. The 2010 high court ruling, which allowed unlimited corporate and union spending in elections, has hel...Read More
Newt Gingrich Argues U.S. Should Conduct Shariah Test ... Newt Gingrich, a former speaker of the House and a finalist to become Donald J. Trump's running mate, said in an interview on Fox News that Muslims in the United States should be subject to a test to see if they support Shariah law. "If they believe in Shariah," Mr. Gingrich said Thursday night, referring to the legal code of Islam based...Read More
NEW YORK, July 15 ... Hedge funds and money managers again raised their net long positions in COMEX silver futures and options to fresh record highs in the week to July 12, as spot prices hovered near two-year highs, data showed on Friday. As gold’s safe-haven appeal waned, speculators cut their record bullish bets for the first time in five weeks and raised their net longs in copper, U.S. C...Read More
Newt Gingrich Argues U.S. Should Conduct Shariah Test ... Newt Gingrich, a former speaker of the House and a finalist to become Donald J. Trump's running mate, said in an interview on Fox News that Muslims in the United States should be subject to a test to see if they support Shariah law. "If they believe in Shariah," Mr. Gingrich said Thursday night, referring to the legal code of Islam based...Read More