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

The next generation of copper mines will not only have less copper but sharply declining grades, according to a study by Mining Intelligence.Unless worldwide copper consumption changes, copper prices need to rise to meet future demand:Number of copper projects in the pipeline equal total operating mines worldwide. Not all projects will become mines.Total resource of pre-production copper projects...Read More

Three Ms for economics re-education … Many economics students are unhappy with what they are being taught. A network of 62 groups from around the world has drawn up a petition calling for more "pluralism" in instruction. The malcontents find the dominant neoclassical model too narrow and want to know why so few experts predicted the 2008 financial crisis. They also want less abstra...Read More

U.S. Training Elite Antiterror Troops in Four African Nations … United States Special Operations troops are forming elite counterterrorism units in four countries in North and West Africa that American officials say are pivotal in the widening war against Al Qaeda's affiliates and associates on the continent, even as they acknowledge the difficulties of working with weak allies. The secr...Read More

Three Ms for economics re-education … Many economics students are unhappy with what they are being taught. A network of 62 groups from around the world has drawn up a petition calling for more "pluralism" in instruction. The malcontents find the dominant neoclassical model too narrow and want to know why so few experts predicted the 2008 financial crisis. They also want less abstra...Read More

U.S. Training Elite Antiterror Troops in Four African Nations … United States Special Operations troops are forming elite counterterrorism units in four countries in North and West Africa that American officials say are pivotal in the widening war against Al Qaeda's affiliates and associates on the continent, even as they acknowledge the difficulties of working with weak allies. The secr...Read More

It's been sunny almost every day with a cool ocean breeze, and temperatures in the 70s and 80s. Sure beats the freezing cold and snowy weather we came from in Vermont. Our big workout down here is taking a swim in the pool or the ocean versus digging out of huge snow piles back in New England. But it wasn't just the sunny skies, year-round warm weather, and beautiful ocean beaches that dre...Read More

It's been sunny almost every day with a cool ocean breeze, and temperatures in the 70s and 80s. Sure beats the freezing cold and snowy weather we came from in Vermont. Our big workout down here is taking a swim in the pool or the ocean versus digging out of huge snow piles back in New England. But it wasn't just the sunny skies, year-round warm weather, and beautiful ocean beaches that dre...Read More

European Parliament election: Eurosceptic parties claim victory in UK … Right-wing Eurosceptic parties stormed to victory in European Parliament elections in the UK and France, as exit polls showed voters turning their backs on mainstream politics. UK Independence Party (UKIP) leader Nigel Farage claimed victory in the British election, as early results showed his party beating both the Cons...Read More

Worldwide Campaign: Cannabis for Therapeutic Purposes is a Human Right … An international consortium of medical cannabis organisations are demanding that humans, regardless of state or allegiance and without qualification, be able to use cannabis therapeutically. In a joint declaration, the organisations from Europe and North America refer to Article 3 of the Declaration of Human Rights adop...Read More

European Parliament election: Eurosceptic parties claim victory in UK … Right-wing Eurosceptic parties stormed to victory in European Parliament elections in the UK and France, as exit polls showed voters turning their backs on mainstream politics. UK Independence Party (UKIP) leader Nigel Farage claimed victory in the British election, as early results showed his party beating both the Cons...Read More

Worldwide Campaign: Cannabis for Therapeutic Purposes is a Human Right … An international consortium of medical cannabis organisations are demanding that humans, regardless of state or allegiance and without qualification, be able to use cannabis therapeutically. In a joint declaration, the organisations from Europe and North America refer to Article 3 of the Declaration of Human Rights adop...Read More

Charles Plosser thinks there's a ticking time bomb at the Fed … The way Charles Plosser sees it, the Federal Reserve is sitting on a ticking time bomb that could severely damage the economy unless the central bank reacts quickly to defuse the looming threat. The Philadelphia Fed president, viewed as one of the bank's leading hawks, is worried about some $2.5 trillion in "excess&...Read More

Hemp Enters the Mainstream … The sachets of hemp hearts on the shelves at Costco (COST), Safeway (SWY), and Whole Foods Market (WFM) are Mike Fata's last laugh. The founder of Manitoba Harvest has spent the past decade working to transform hemp—a variety of cannabis—from the butt of weedy jokes into a supermarket staple. Fata's investors are particularly happy about the m...Read More

Charles Plosser thinks there's a ticking time bomb at the Fed … The way Charles Plosser sees it, the Federal Reserve is sitting on a ticking time bomb that could severely damage the economy unless the central bank reacts quickly to defuse the looming threat. The Philadelphia Fed president, viewed as one of the bank's leading hawks, is worried about some $2.5 trillion in "excess&...Read More

Hemp Enters the Mainstream … The sachets of hemp hearts on the shelves at Costco (COST), Safeway (SWY), and Whole Foods Market (WFM) are Mike Fata's last laugh. The founder of Manitoba Harvest has spent the past decade working to transform hemp—a variety of cannabis—from the butt of weedy jokes into a supermarket staple. Fata's investors are particularly happy about the m...Read More

Europe's centre crumbles as Socialists immolate themselves on altar of EMU … Francois Hollande must be willing to rock the European Project to its foundations, and even to risk a rupture of the euro. This he cannot bring himself to do The ECB is once again sitting on its hands, trifling with deflation … By a horrible twist of fate, Europe's political Left has become the enforce...Read More

$1 Million Bounty to Be Offered for 'Smoking Gun' in IRS Targeting Scandal … A nonprofit group hopes to award a $1 million bounty to anyone who can provide "smoking gun" evidence to implicate IRS leadership or members of the Obama administration who purposefully targeted conservative and tea party-affiliated groups, TheBlaze has learned. Gregg Phillips, the managing directo...Read More

Europe's centre crumbles as Socialists immolate themselves on altar of EMU … Francois Hollande must be willing to rock the European Project to its foundations, and even to risk a rupture of the euro. This he cannot bring himself to do The ECB is once again sitting on its hands, trifling with deflation … By a horrible twist of fate, Europe's political Left has become the enforce...Read More

$1 Million Bounty to Be Offered for 'Smoking Gun' in IRS Targeting Scandal … A nonprofit group hopes to award a $1 million bounty to anyone who can provide "smoking gun" evidence to implicate IRS leadership or members of the Obama administration who purposefully targeted conservative and tea party-affiliated groups, TheBlaze has learned. Gregg Phillips, the managing directo...Read More

Voters have had enough of bloated and dysfunctional governments. The public sector still wants to own, control and run everything itself; no major company could survive with this kind of attitude … Successful countries will be those whose government choose to do less – and do it better … The great challenge of the next decade will therefore be to fix government, as John Micklethw...Read More