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

(Bloomberg) -- Equities worldwide extended their stellar start to 2018, with U.S. indexes rising to record highs for a third consecutive day, as the synchronized growth story continues to win over investors.Treasuries slumped and the dollar was flat after a report showed U.S. payroll gains slowed by more than forecast in December, wages picked up slightly and the jobless rate held at the lowest le...Read More

* Euro short distance away from 3-year high vs dollar* Combo of strong euro zone data, dollar weakness support euro* Dlr/yen manages to rise as risk appetite hurts Japanese currency* A$ headed for 4th week of gains, commodity currencies strong* Euro zone HICP data, U.S. jobs report in focus (Adds details and quotes, updates prices)By Shinichi SaoshiroTOKYO, Jan 5 (Reuters) - The euro hovered near...Read More

* Euro short distance away from 3-year high vs dollar* Combo of strong euro zone data, dollar weakness support euro* Dollar/yen manages to rise as risk appetite hits Japanese unit* A$ headed for 4th week of gains, commodity currencies strongBy Shinichi SaoshiroTOKYO, Jan 5 (Reuters) - The euro hovered near a three-year high against the sagging dollar on Friday, while improving investor risk appeti...Read More

(Bloomberg View) -- The Bloomberg Spot Commodities Index has risen for 14 straight days to its highest since 2014. But don't expect the euphoria to last: 2018 will be a year of just modest growth.Although each commodity has its own idiosyncratic characteristics and market, there are major macroeconomic factors influencing global prices.China: As the largest consumer and producer of most global com...Read More

Investing.com - Gold prices fell on Thursday after the minutes from the Federal Reserve’s December meeting showed that officials discussed a faster pace of rate increases this year.Comex gold futures were trading at $1,312.50 a troy ounce by 03:36 AM ET (08:36 AM GMT) after sliding 0.27% the previous day when prices fell back from a three-and-a-half month high of $1,322.70.Prices of the prec...Read More

Investing.com - Gold prices eased on Wednesday, pulling back from the previous days three month highs as the firmer dollar weighed.Comex gold futures were trading at $1,315.70 a troy ounce by 04:36 AM ET (09:36 AM GMT). Prices rose as high as $1,322.90 on Tuesday, the strongest level since September 18, propelled higher by the weaker dollar.Recent weakness in the dollar has supported gold prices b...Read More

* U.S. stocks close higher, boosting global shares* European equities close lower* Euro and sterling gain while dollar drops (Updates to U.S. market close; adds commentary)By Stephanie KellyNEW YORK, Jan 2 (Reuters) - The S&P 500 and the Nasdaq Composite notched record closing highs on Tuesday, the first trading day of 2018, while European equities finished lower and the U.S. dollar fell to it...Read More

* Oil trades near strongest levels since mid-2015* Media, retail stocks rise after positive broker recommendations* Casino stocks hit by downbeat December gambling revenue* Indexes up: Dow 0.2 pct, S&P 0.62 pct, Nasdaq 1.2 pct (Updates to early afternoon)By Sruthi ShankarJan 2 (Reuters) - Wall Street's major indexes were higher on the first trading session of 2018 on Tuesday, driven by gains i...Read More

* Oil trades near strongest levels since mid-2015* Casino stocks hit by downbeat Dec. gambling revenue* Walt Disney, Netflix gain after upgrade* Indexes up: Dow 0.25 pct, S&P 0.63 pct, Nasdaq 1.16 pct (Changes comment, updates prices, adds details)By Sruthi ShankarJan 2 (Reuters) - Wall Street's major indexes were higher on the first trading session of the year on Tuesday, driven by technology...Read More

* Oil trades near strongest levels since mid-2015* Casino stocks hit by downbeat Dec. gambling revenue* Walt Disney, Netflix gain after upgrade* Indexes up: Dow 0.45 pct, S&P 0.35 pct, Nasdaq 0.31 pct (Updates to open)By Sruthi ShankarJan 2 (Reuters) - Wall Street's main indexes were higher on Tuesday, the first trading day of the year, buoyed by gains in technology and consumer discretionary...Read More

* Oil trades near strongest levels since mid-2015* Casino stocks hit by downbeat Dec. gambling revenue* Netflix gains after upgrade* Futures up: S&P 86 pts, Dow 8.25 pts, Nasdaq 25.25 pts (Adds comment, adds details, updates prices)By Sruthi ShankarJan 2 (Reuters) - Wall Street was poised for an upbeat session on the first trading day of 2018, fueled by strong commodity prices and a weak dolla...Read More

* Futures up: S&P 6 pts, Dow 33 pts, Nasdaq 7.5 ptsBy Sruthi ShankarJan 2 (Reuters) - U.S. stock futures pointed to a higher opening for Wall Street on Tuesday, the first trading day of 2018, signaling a continuation of the solid run from last year.Major stock indexes closed out 2017 with their best year since 2013, lifted by a combination of strong economic growth, solid corporate earnings, l...Read More

LUSAKA, Jan 2 (Reuters) - A London court has ordered Zambia Vedanta VED.L unit KCM to pay a state mining company $139 million in a claim related to the copper price, raising by $36 million the amount it was originally ordered to pay, the state company said on Tuesday.The claim relates to outstanding payments under a 2013 copper price participation settlement agreement between Konkola Copper Mines...Read More

* Asia shares ex-Japan cheered by upbeat China survey* Dollar downtrodden after suffering worst year since 2003* Commodities benefit from dollar weakness, China demand* Oil prices hover near highest since mid-2015* European shares squeeze down by currency strengthBy Marc JonesLONDON, Jan 2 (Reuters) - The ailing dollar fell to its lowest in over three months on Tuesday, while surprisingly upbeat C...Read More

* STOXX 600 down 0.3 pct* Autos stocks dented by weaker French car registrations* Mining sector reverses after impressive run* IAG deal to buy Niki assets weighs on Lufthansa (Updates prices, adds detail, quotes)By Helen ReidLONDON, Jan 2 (Reuters) - European stocks faltered at the start of the trading year on Tuesday as autos stocks fell and an impressive run-up in metals and mining stocks revers...Read More

Investing.com - Gold prices rose to fresh three month highs on Tuesday in the first trading day of 2018, propelled higher by a weaker dollar.Comex gold futures rose 0.21% to $1,312.20 a troy ounce by 03:45 AM ET (08:45 AM GMT), the strongest level since September 26.Recent weakness in the dollar has supported gold prices by making the dollar-denominated metal cheaper for holders of other currencie...Read More

LONDON, Jan 2 (Reuters) - European stocks faltered at the start of the trading year on Tuesday as an impressive run-up in metals and mining stocks reversed, while strength in oil companies and banks was not enough to stop the slide.The pan-European STOXX 600 .STOXX index dipped 0.2 percent in early deals, while euro zone stocks .STOXXE fell 0.3 percent.Basic resources stocks weighed the most, with...Read More

Investing.com - A weaker dollar helped propel gold prices to a three-month high back above the $1,300 level on Friday in the final trading day of 2017.Gold futures for February delivery settled up 0.61% at $1,305.10 on the Comex division of the New York Mercantile Exchange, its highest close since September.For the year, the precious metal gained 14%, the largest yearly percentage gain since 2010....Read More

(Bloomberg) -- Commodities started the end-of-year party early.The Bloomberg Commodity Index, which measures returns on 22 raw materials, closed up 11 days in a row -- a repeat on Friday would result in the longest run in records dating back to 1991. While the index has been lifted this month by gains in crude oil, copper and gold, it still remains well below 2008 highs.Big OilWest Texas Intermedi...Read More

* U.S. stocks open lower, trimming a strong year of gains* World stocks at highs (Updates to U.S. stock market open; Changes byline and dateline, previous LONDON/SYDNEY)By Trevor HunnicuttDec 29 (Reuters) - Markets are ending 2017 in a party mood after a pick-up in global growth boosted corporate profits and commodities, while tame inflation kept central banks from snatching away the punch bowl of...Read More