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

Investing.com - Gold prices edged lower on Friday in what was a fifth day of declines in the last six sessions as the stronger dollar weighed on the precious metal, making it more expensive for holders of other currencies.Gold futures for April delivery settled at $1,315.70 on the Comex division of the New York Mercantile Exchange. For the week, prices were down 1.62%.The U.S. dollar index, which...Read More

* Fresh sell-off on stock markets hurts cyclical assets* GRAPHIC-2018 asset returns: http://tmsnrt.rs/2jvdmXl* LME/ShFE arb: (Updates throughout, adds LONDON dateline)By Jan HarveyLONDON, Feb 9 (Reuters) - Copper fell on Friday and other metals broadly retreated as stock markets extended this week's sharp slide, with the prospect of rising U.S. interest rates denting hopes that surging economic gr...Read More

(Bloomberg) -- The sell-off in global stocks that briefly looked to have ended mid-week has come back, tipping markets from the U.S. to Asia into declines exceeding 10 percent from their January highs . China, where retail investors dominate, got hit particularly hard Friday.Equity traders have yet to get comfortable with a jump up in benchmark U.S. 10-year yields to their highest in four years, a...Read More

(adds analyst comment, updates prices)BEIJING, Feb 9 (Reuters) - Copper prices fell in London and Shanghai on Friday, extending recent declines following a renewed plunge in global equity markets and another big rise in copper inventories.The losses have put three-month London Metal Exchange (LME) copper, which is now trading below the $7,000 a tonne mark that had provided support so far in 2018,...Read More

(Updates with closing U.S. market levels, adds emerging market ETF)* Wall Street indexes end sharply higher after day of big swings* European shares end down 2.5 pct* Oil and industrial metals fallBy Caroline ValetkevitchNEW YORK, Feb 6 (Reuters) - The U.S. benchmark S&P 500 stock index closed more than 1.0 percent higher after a sharply volatile session on Tuesday, recovering from the biggest...Read More

(Updates with closing U.S. market levels)* Wall St indexes ends sharply higher after day of big swings* European shares end down 2.5 pct* Oil and industrial metals fallBy Caroline ValetkevitchNEW YORK, Feb 6 (Reuters) - U.S. stocks posted strong gains after a sharply volatile session on Tuesday, recovering from the biggest one-day declines in the Dow and S&P 500 in more than six years, while c...Read More

(Updates to late afternoon U.S. trading, adds oil settlements)* Wall St indexes still experiencing big swings* Nikkei ends down 4.7 pct, European shares down 2.5 pct* Oil and industrial metals fallBy Caroline ValetkevitchNEW YORK, Feb 6 (Reuters) - U.S. stocks reversed course again to trade more than 1 percent higher by late afternoon Tuesday, a day after the Dow and S&P 500 indexes saw their...Read More

(Updates to early afternoon U.S. trading, adds volatility index)* Wall St indexes experiencing big swings* Nikkei ends down 4.7 pct* Oil and industrial metals fallBy Caroline ValetkevitchNEW YORK, Feb 6 (Reuters) - U.S. stocks were down moderately in early afternoon trading on Tuesday but were swinging wildly between positive and negative territory, a day after the Dow and S&P 500 indexes saw...Read More

Investing.com - Gold prices edged lower to start the week on Monday, as investors reacted to data from the U.S. Labor Department showing wages last month recorded their largest annual gain in more than 8-1/2 years.The data contributed to the sentiment that inflation is picking up and higher interest rates are on the horizon.Comex gold futures were a touch lower at $1,336.10 a troy ounce by 3:15AM...Read More

Investing.com - Gold prices fell on Friday as the dollar strengthened after the latest U.S. jobs report showed that the economy added more jobs than forecast in January and wage growth accelerated.Gold futures for April delivery settled down 0.91% at $1,335.70 on the Comex division of the New York Mercantile Exchange. For the week, prices were down 1.47%.Prices of the precious metal have fallen ba...Read More

(Bloomberg) -- The Dow Jones Industrial Average tumbled 600 points in the biggest plunge since Donald Trump’s election, as a rout in the bond market spilled into equities.Strong jobs data that increased the likelihood the Federal Reserve will lift rates next month sent bond bulls scurrying and rattled equity investors who haven’t seen a week this bad in two years. The selling accelerat...Read More

Feb 2 (Reuters) - India's top aluminium producer Hindalco Industries Ltd HALC.NS reported a 17.7 percent rise in quarterly profit on Friday, helped by higher metal prices.Profit rose to 3.77 billion rupees ($59.11 million) in the third quarter ended Dec. 31, from 3.21 billion rupees a year earlier. from operations for the company, which also manufactures copper products and fertilisers, rose 11...Read More

Investing.com - Gold prices edged lower on Thursday, after the Federal Reserve left interest rates unchanged but hinted at hikes later this year.Comex gold futures were a touch lower at $1,343.10 a troy ounce by 3:15AM ET (0815GMT).At Fed Chair Janet Yellen's last policy meeting as head of the central bank, the Fed announced it was holding rates steady, a move that was widely expected, but said in...Read More

(Adds company news and futures)Feb 1 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 23 points higher at 7,556.3 on Thursday, according to financial bookmakers, with futures FFIc1 up 0.42 percent ahead of the cash market open.* GLENCORE: Glencore GLEN.L on Thursday said copper output in 2018 should rise to nearly 1.5 million tonnes as its Katanga mine in Democratic Republic of Congo r...Read More

Feb 1 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 23 points higher at 7,556.3 on Thursday, according to financial bookmakers.* GKN/MELROSE: Melrose Industries MRON.L is preparing to publish the formal offer document detailing its 7.4 billion-pound hostile bid for British engineer GKN GKN.L on Thursday, according to a source close to the situation. BHP: Global miner BHP BHP.AX BLT....Read More

Investing.com - Gold prices declined on Tuesday, extending losses into a third session, as traders awaited a U.S. Federal Reserve policy meeting for fresh catalysts.Comex gold futures were down around $6.00, or 0.5%, to $1,334.40 a troy ounce by 3:10AM ET (0810GMT). It fell to a one-week low of $1,332.80 in overnight trade.Meanwhile, silver futures shed 6.2 cents, or 0.4%, to $17.06 a troy ounce,...Read More

Investing.com - Gold prices edged lower to start the week on Monday, pulling further back from a 17-month high as the U.S. dollar recovered somewhat from last week's turbulence, prompted by conflicting comments from the Trump administration at Davos.Comex gold futures slumped around $7.00, or 0.5%, from the last session's closing price to $1,345.60 a troy ounce by 2:55AM ET (0755GMT). It climbed t...Read More

Investing.com - Gold prices ended lower on Friday but remained in sight of the previous day’s 17-month peak as the U.S. dollar was pressured by data pointing to slower U.S. economic growth and comments by a senior U.S. official backing a weaker currency.Gold futures for February delivery settled down 1.06% at $1,348.40 on the Comex division of the New York Mercantile Exchange.For the week, g...Read More

(Bloomberg) -- Copper mining deals are off to the best start in at least 12 years -- and more money could be pouring into the sector this year.More than $500 million in transactions are pending or were completed so far this month, the most recorded for January in Bloomberg data going back 12 years. Merger interest is picking up after years of under-investment limited mining companies’ capaci...Read More

Investing.com - Gold prices were hovering near after four-month highs on Thursday, propelled higher by a weaker dollar, which hit fresh three-year lows after the Trump administration signaled that it preferred a weaker currency.Comex gold futures were at $1,357.80 a troy ounce by 04:15 AM ET (09:45 AM GMT), after rising as high as $1,365.40 overnight, the strongest level since August 2.The U.S. do...Read More