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 secret, dirty cost of Obama's green power push … The hills of southern Iowa bear the scars of America's push for green energy: The brown gashes where rain has washed away the soil. The polluted streams that dump fertilizer into the water supply. Even the cemetery that disappeared like an apparition into a cornfield. It wasn't supposed to be this way. With the Iowa political c...Read More

Typhoon Haiyan 'the result of climate change' … The Philippines delegate at the UN Climate Change talks that began on Monday has blamed Typhoon Haiyan on climate change, and urged sceptics to 'get off their ivory towers'. Naderev "Yeb" Sano, representative for the Philippines at the UN Climate Change talks, broke down in tears as he addressed delegates in Warsaw. Mr...Read More

Reports of the survival of the eurozone may have been greatly exaggerated … Last week's surprise interest rate cut by the European Central Bank (ECB) may have been taken as good news by the markets, but it was largely a response to the looming danger of deflation in the eurozone. And that is not good news at all. It is a severe problem of economic forecasting that if you manage to identi...Read More

The lessons from Obamacare's flawed Web launch … As the president has recognized, the failure of his administration to deliver a functioning website that Americans can use to enroll in Obamacare represents an inexcusable error. Having succeeded after more than a century of failed efforts in achieving the progressive dream goal of legislating universal health insurance in America, it is t...Read More

Reports of the survival of the eurozone may have been greatly exaggerated … Last week's surprise interest rate cut by the European Central Bank (ECB) may have been taken as good news by the markets, but it was largely a response to the looming danger of deflation in the eurozone. And that is not good news at all. It is a severe problem of economic forecasting that if you manage to identi...Read More

The lessons from Obamacare's flawed Web launch … As the president has recognized, the failure of his administration to deliver a functioning website that Americans can use to enroll in Obamacare represents an inexcusable error. Having succeeded after more than a century of failed efforts in achieving the progressive dream goal of legislating universal health insurance in America, it is t...Read More

Colombia's top-coal-producer Cerrejon on Monday said its output targets for this calendar year will likely be missed.Cerrejon, a joint venture between Anglo American, BHP Billiton and Glencore Xstrata, production target for 2013 was 34 million tonnes, but a month-long strike and multiple bombings of its railway infrastructure including two in the space of ten days last month, are making that diffi...Read More

Bernanke Says Failing Bank Process Needed to Reduce Crises … Federal Reserve Chairman Ben S. Bernanke said a process under development that would allow regulators to take down a failing bank will help ensure investors discipline weak firms and prevent them from taking risks without consequence. "As we try to make the financial system safer, we must inevitably confront the problem of mor...Read More

Paranoia Has Undermined United States Claim to Liberal Democracy … Agent Carrie Mathison is a topical figure. The main character in the American TV series "Homeland," played by the wonderful Claire Danes, shows her true relevance in the first few episodes, in which Mathison is nervously sitting at home, observing and listening in on the life of a terror suspect on a large screen. H...Read More

Bernanke Says Failing Bank Process Needed to Reduce Crises … Federal Reserve Chairman Ben S. Bernanke said a process under development that would allow regulators to take down a failing bank will help ensure investors discipline weak firms and prevent them from taking risks without consequence. "As we try to make the financial system safer, we must inevitably confront the problem of mor...Read More

Paranoia Has Undermined United States Claim to Liberal Democracy … Agent Carrie Mathison is a topical figure. The main character in the American TV series "Homeland," played by the wonderful Claire Danes, shows her true relevance in the first few episodes, in which Mathison is nervously sitting at home, observing and listening in on the life of a terror suspect on a large screen. H...Read More

Twitter Surges in Trading Debut After $1.82 Billion Share Sale. Twitter Inc. jumped 73 percent in its trading debut, as investors paid a premium for its promises of fast growth. The stock rose to $44.90 at the close in New York from the initial public offering price of $26, delivering the biggest one-day pop for an IPO that raised more than $1 billion since Alibaba.com Ltd. debuted in 2007, accord...Read More

Politics Revealed: Obama Campaign Bundler Helping Fund Libertarian in Tight Va. Gubernatorial Race … A major Democratic Party benefactor and Obama campaign bundler helped pay for professional petition circulators responsible for getting Virginia Libertarian gubernatorial candidate Robert C. Sarvis on the ballot – a move that could split conservative votes in a tight race. Campaign fina...Read More

Twitter Surges in Trading Debut After $1.82 Billion Share Sale. Twitter Inc. jumped 73 percent in its trading debut, as investors paid a premium for its promises of fast growth. The stock rose to $44.90 at the close in New York from the initial public offering price of $26, delivering the biggest one-day pop for an IPO that raised more than $1 billion since Alibaba.com Ltd. debuted in 2007, accord...Read More

Politics Revealed: Obama Campaign Bundler Helping Fund Libertarian in Tight Va. Gubernatorial Race … A major Democratic Party benefactor and Obama campaign bundler helped pay for professional petition circulators responsible for getting Virginia Libertarian gubernatorial candidate Robert C. Sarvis on the ballot – a move that could split conservative votes in a tight race. Campaign fina...Read More

China seeks world role for 'people's money' … With deals from London to Singapore, China is seeking a greater role for its yuan currency in global markets to challenge the hegemony of the almighty dollar. The most attention-grabbing reform planned for Shanghai's new free trade zone is free convertibility of the yuan – also known as the renminbi, or "people's mo...Read More

Virginia, Alabama Voter Choices Show Tea Party Declining … In the closing days of his losing campaign for Virginia's governorship, Republican Attorney General Ken Cuccinelli called the contest a referendum on Obamacare. Virginia voter Lee Killen saw it instead as a referendum on the Tea Party – and he voted no. Killen, a Republican-turned-independent from Fairfax, cast his ballot f...Read More

China seeks world role for 'people's money' … With deals from London to Singapore, China is seeking a greater role for its yuan currency in global markets to challenge the hegemony of the almighty dollar. The most attention-grabbing reform planned for Shanghai's new free trade zone is free convertibility of the yuan – also known as the renminbi, or "people's mo...Read More

Virginia, Alabama Voter Choices Show Tea Party Declining … In the closing days of his losing campaign for Virginia's governorship, Republican Attorney General Ken Cuccinelli called the contest a referendum on Obamacare. Virginia voter Lee Killen saw it instead as a referendum on the Tea Party – and he voted no. Killen, a Republican-turned-independent from Fairfax, cast his ballot f...Read More

Private Equity Played Large Role In Rush Of Initial Public Offerings (IPO) So Far In 2013 … Initial public offerings (IPO) in the United States have taken off this year, with October seeing the most IPOs since 2007, as 33 companies raised more than $12 billion, the Wall Street Journal reported Monday. – International Business TimesDominant Social Theme: Ain't capitalism grand?Free-...Read More