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
FBI recommends no charges against Clinton in email probe … FBI Director James Comey on Tuesday announced the agency is not recommending the Justice Department bring charges against Hillary Clinton, despite denouncing the former secretary of state and her colleagues for the way they handled classified information through private email servers. – PoliticoFBI director James Comey announc...Read More
Editor’s Alert: At time of publication, Hillary Clinton was not indicted by the FBI over mishandling classified emails.This conforms to what we have expected and additionally seems to make clear that she will indeed be the next President of the United States.Enormous political capital has been expended on ensuring her innocence. It is surely unlikely that the elite establishment, having prod...Read More
Raghuram Rajan: Why RBI needed more of him ... Finally, Prime Minister Narendra Modi spoke up to give outgoing RBI governor Raghuram Rajan a thumbs up. The endorsement that came a wee bit too late was welcome nevertheless ... – India.comWith economies worldwide in a mess, the mainstream media is increasingly concentrating on individual central bankers.This is propaganda, of course.Instea...Read More
Canaccord Thinks Private Prison Equities Could Break Out ... The first private prison emerged in 1984, and the industry has grown ever since. America continues to have the highest incarceration rates in the world. One financial services company sees significant upside in the private prison sector. - Benzinga.comIn this article we can see how private prison equity is being treated like any othe...Read More
Second EU referendum would be possible, former attorney general says ... Research suggests as many as 1.2 million Leave voters now regret their vote ... Dominic Grieve, a Conservative MP who was the Government's chief legal advisor until 2014, said the result of the first referendum had to be "treated with respect" but that it was not necessarily set in stone. - UK IndependentWhile most Brits wan...Read More
Rio Tinto (ASX, LON:RIO) is selling its interest in Blair Athol coal mine to a small Australian miner for just US$0.75 (A$1), as part of the world's second largest miner's strategy to offload unprofitable assets and focus mostly on copper, a plan being carried out by the firm's brand-new CEO, Jean-S?(C)bastien Jacques.Buyer TerraCom (ASX: TER) said that as part of the deal it would also receive...Read More
The global mining equipment market is expected to garner $156 billion by 2022, increasing at a compound annual growth rate (CAGR) of 7.9% during 2016 - 2022, a new report published by Allied Market Research shows.According to the study, titled "World Mining Equipment Market - Opportunities and Forecasts, 2015 - 2022", the Asia-Pacific region accounted for the highest revenue of over $50 billion...Read More
Nobody who knows the status of the investigation into Hillary Clinton’s server is talking. ... The FBI interviewed former Secretary of State Hillary Clinton for many hours on Saturday morning. On Saturday afternoon CNN Senior Producer Teddy Davis tweeted “Sources tell CNN’s Evan Perez: expectation is that there will be announcement of no charges in Clinton email probe w/in next...Read More
Gold eases off near two-year high, silver crosses $21/oz ... Gold slides to two-week low as Brexit fears abate ... Gold eased off a near two-year high, while silver breached the $21 level for the first time since July 2014 in highly volatile trade on Monday, prompted by a burst of short-covering in China. – BloombergGold and silver are having great runs now that the monetary manipulation h...Read More
More Hole in the ozone layer is finally ‘healing’ ... Chlorine reacting with these beautiful stratospheric clouds over Antarctica is the cause of the hole in the ozone layer (Cynthia Spence/NSF) The ozone hole over Antarctica is finally “healing” almost 30 years after the world banned the chemicals responsible for its creation, researchers say. – ABCSo the Ozone hol...Read More
Review: 'Bush,' a Biography as Scathing Indictment ... If Mr. Bush eventually gets a more sympathetic hearing by history, as he hopes, it will not start with Jean Edward Smith's "Bush," a comprehensive and compelling narrative punctuated by searing verdicts of all the places where the author thinks the 43rd president went off track. -New York TimesThis review of a biography of Bush tracks some of...Read More
Nobody who knows the status of the investigation into Hillary Clinton’s server is talking. ... The FBI interviewed former Secretary of State Hillary Clinton for many hours on Saturday morning. On Saturday afternoon CNN Senior Producer Teddy Davis tweeted “Sources tell CNN’s Evan Perez: expectation is that there will be announcement of no charges in Clinton email probe w/in next...Read More
Gold eases off near two-year high, silver crosses $21/oz ... Gold slides to two-week low as Brexit fears abate ... Gold eased off a near two-year high, while silver breached the $21 level for the first time since July 2014 in highly volatile trade on Monday, prompted by a burst of short-covering in China. – BloombergGold and silver are having great runs now that the monetary manipulation h...Read More
More Hole in the ozone layer is finally ‘healing’ ... Chlorine reacting with these beautiful stratospheric clouds over Antarctica is the cause of the hole in the ozone layer (Cynthia Spence/NSF) The ozone hole over Antarctica is finally “healing” almost 30 years after the world banned the chemicals responsible for its creation, researchers say. – ABCSo the Ozone hol...Read More
Review: 'Bush,' a Biography as Scathing Indictment ... If Mr. Bush eventually gets a more sympathetic hearing by history, as he hopes, it will not start with Jean Edward Smith's "Bush," a comprehensive and compelling narrative punctuated by searing verdicts of all the places where the author thinks the 43rd president went off track. -New York TimesThis review of a biography of Bush tracks some of...Read More
CNN and MSNBC confirm Hillary Clinton will not face any charges in email inquiry ... Hours after Hillary Clinton held her long awaited interview with the FBI in the name of helping its investigation of a Romanian email hacker, which the media has routinely and willfully misreported as being an "investigation of Clinton" for the past year, MSNBC is now finally reporting the obvious: she'll face no...Read More
If the City has truly found humility, it can still be useful to Britain ... Some figures in the financial services industry are almost starting to sound contrite. Given the trade surpluses they generate, it's tempting to listen ... The City is nervous about Brexit. – GuardianThis article is telling us that post-Brexit, London's City is “remorseful” about how it has acted. Or at...Read More
CNN and MSNBC confirm Hillary Clinton will not face any charges in email inquiry ... Hours after Hillary Clinton held her long awaited interview with the FBI in the name of helping its investigation of a Romanian email hacker, which the media has routinely and willfully misreported as being an "investigation of Clinton" for the past year, MSNBC is now finally reporting the obvious: she'll face no...Read More
If the City has truly found humility, it can still be useful to Britain ... Some figures in the financial services industry are almost starting to sound contrite. Given the trade surpluses they generate, it's tempting to listen ... The City is nervous about Brexit. – GuardianThis article is telling us that post-Brexit, London's City is “remorseful” about how it has acted. Or at...Read More
The president of France has launched a scathing attack on Republican candidate Donald Trump, saying relations between the US and Europe would be complicated if the New York tycoon wins the White House. In comments that were surprisingly outspoken for a sitting head of state about another country's political candidate, Fran??ois Hollande urged Democrats to work to ensure the victory of Hillary Cl...Read More