News and Reports

Year in Review 2023 and Outlook for 2024

January 04, 2024

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

Year in Review 2022 and Outlook for 2023

January 2023

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: The Heart of Global Copper

October 2021

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 Gold

June 2021

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 Gold Mining and Canadian Juniors

April 2021

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

An Overview of the Golden Triangle

July 2020

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

An Overview of Quebec Gold Mining

April 2020

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

An Overview of the Red Lake Mining District

January, 2020

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

Copper Climbs to Near Four-Year High as China Halts Top Producer

January 01, 1970 / in.investing.com

(Bloomberg) -- Copper in London surged to the highest in almost four years after China ordered its top producer to halt output to combat winter pollution, fueling a rally this year driven by optimism about demand and supply disruptions at mines. Jiangxi Copper Co. was told to cut production for at least a week before a new assessment is made on local pollution levels. Earlier in the month, the No....Read More

FOREX-Dollar index hits 3-1/2 week low, bitcoin bounce fades

January 01, 1970 / in.investing.com

* Euro hits 3-1/2 week high vs dollar* Bitcoin struggles to rise further after last week's selloff* Commodities rally supports Canadian, Australian dollars (Updates market action, adds quote)By Richard LeongNEW YORK, Dec 27 (Reuters) - The U.S. dollar fell to a 3-1/2 week low against a basket of currencies on Wednesday as traders bet more major central banks will begin reducing monetary stimulus i...Read More

US STOCKS-Tech, healthcare stocks prop up Wall Street

January 01, 1970 / in.investing.com

* Oil prices fall from 2015 highs, U.S. crude at $59.53/bbl* China imports fuel copper's ascent to 3-1/2 year high* Tesla down on KeyBanc's lowered est for Model 3 deliveries* Indexes up: Dow 0.15 pct, S&P 0.16 pct, Nasdaq 0.25 pct (Changes comment, updates prices, adds details)By Sruthi ShankarDec 27 (Reuters) - U.S. stocks edged higher in late morning trading on Wednesday, helped by gains in...Read More

GLOBAL MARKETS-World stocks climb as copper rally offsets iPhone X worries

January 01, 1970 / in.investing.com

* Copper near 4-year high, boding well for 2018 growth* Stocks up but iPhone X concerns weigh on tech* Strong global growth expectations weigh on dollar (Updates to U.S. market open, changes byline and dateline, previous LONDON)By Trevor HunnicuttDec 27 (Reuters) - World stocks edged higher on Wednesday as a strong rally in copper buoyed expectations for a strong year for the global economy in 201...Read More

US STOCKS-Wall St little changed; oil drop weighs on energy shares

January 01, 1970 / in.investing.com

* Oil prices fall from 2015 highs, U.S. crude at $59.53/bbl* China imports fuel copper's ascent to 3-1/2 year high* Tesla down on KeyBanc's lowered est for Model 3 deliveries* Indexes up: Dow 0.02 pct, S&P 0.06, Nasdaq 0.07 pct (Updates to open)By Sruthi ShankarDec 27 (Reuters) - U.S. stocks were little changed in morning trading on Wednesday, with gains in healthcare and technology stocks hel...Read More

FOREX-Dollar index hits 3-1/2 week low, commodity-linked currencies gain

January 01, 1970 / in.investing.com

* Euro hits 3-1/2 week high vs dollar* Commodities rally supports Canadian, Australian dollars* Bitcoin struggles to rise further after last week's selloff (Updates market action, changes dateline, previous LONDON)By Richard LeongNEW YORK, Dec 27 (Reuters) - The U.S. dollar fell to a 3-1/2 week low against a basket of currencies on Wednesday as traders bet more major central banks would begin redu...Read More

US STOCKS-Wall Street set to open slightly higher

January 01, 1970 / in.investing.com

* Oil prices fall from 2015 highs, U.S. crude at $59.53* China imports fuel copper's ascent to 3-1/2 year high* Tesla down on KeyBanc's lowered est for Model 3 deliveries* Futures up: Dow 2 pts, S&P 2.5 pts, Nasdaq 7.5 pts (Adds comment, details, updates prices)By Sruthi ShankarDec 27 (Reuters) - Wall Street's main indexes were set to open slightly higher on Wednesday, with a jump in prices of...Read More

FOREX-Dollar falls as oil price gain boosts commodity currencies

January 01, 1970 / in.investing.com

* U.S. dollar falls as Euro strengthens* Commodities rally supports Canadian, Australian dollars* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVh (Adds details on sterling's rise, updates prices)By Tommy WilkesLONDON, Dec 27 (Reuters) - The U.S. dollar fell against a basket of currencies and slid against the euro on Wednesday in thin holiday trading, while a rally in commodity prices help...Read More

US STOCKS-Futures edge higher in quiet holiday trading

January 01, 1970 / in.investing.com

* Futures: Dow 4 pts, S&P 2.5 pts, Nasdaq 4.75 ptsBy Sruthi ShankarDec 27 (Reuters) - U.S. stock futures edged higher on Wednesday, tracking global equities, which were buoyed by a surge in commodity prices.Prices of copper, a metal widely used in power and construction, leapt to three-and-a-half-year highs after latest data from China showed a jump in imports of the metal, boosting expectatio...Read More

GLOBAL MARKETS-World stocks rise as metals surge mitigates iPhone X woes

January 01, 1970 / in.investing.com

* Copper hits 3-1/2 year high, boding well for 2018 growth* U.S. crude oil hits $60/bbl for first time since 2015* Reports of low iPhone X demand hits tech stocks* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVhBy Abhinav RamnarayanLONDON, Dec 27 (Reuters) - World stocks edged higher on Wednesday as a strong rally in commodities buoyed expectations for a strong year for the global economy...Read More

FOREX-Dollar edges lower as oil price gain boosts commodity currencies

January 01, 1970 / in.investing.com

* U.S. dollar falls as Euro strengthens* Commodities rally supports Canadian, Australian dollars* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVhBy Tommy WilkesLONDON, Dec 27 (Reuters) - The dollar eased against a basket of currencies and fell against the euro on Wednesday in thin holiday trading, while a rally in commodity prices helped push the Canadian and Australian dollars to their h...Read More

VEGOILS-Market factors to watch December 27

January 01, 1970 / in.investing.com

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.FUNDAMENTALS* Malaysian palm oil futures rose 2 percent on Tuesday, a second consecutive session of gains on stronger export demand and expectations of weaker production. POI/* U.S. soybean futures 0#S: rose about 1 percent on Tuesday, notching their second straight session of gains, as investo...Read More

Gold Prices Advance to 3-Week High

January 01, 1970 / in.investing.com

Investing.com - Gold prices hit a three-week high on Tuesday, while the dollar showed little movement as trading volumes were expected remain subdued during the holiday season.Comex gold futures rose 0.28% to $1,282.30 a troy ounce by 4:18AM ET (9:18GMT) Tuesday, just off its intraday high of $1,283.50 which was its highest level since December 1.The dollar was little changed on Tuesday with Wall...Read More

GLOBAL MARKETS-Catalan vote batters Spanish stocks, euro dips

January 01, 1970 / in.investing.com

* Spain's IBEX falls 1.1 pct* Euro slips* Spanish bond yields hit over 1-mth high* STOXX down 0.1 pct* Bitcoin falls more than 14 percentBy Ritvik CarvalhoLONDON, Dec 22 (Reuters) - Spanish stocks and the euro fell, while Spanish government bond yields hit their highest levels in over a month after Catalan separatists wanting to break away from Spain won a regional election.Separatist parties won...Read More

U.S. Stocks Bounce Back After Tax-Cut Passage: Markets Wrap

January 01, 1970 / in.investing.com

(Bloomberg) -- U.S. equities broke a two-session losing streak the day after Congress passed a sweeping tax bill, while Treasuries stopped a week-long slide as third-quarter economic growth was revised lower. The S&P 500 Index closed higher Thursday, buoyed by energy and financial stocks. While the U.S. GDP figure was trimmed on lower contributions from consumer spending and trade, the pace of...Read More

Bonds Tumble, Equities Mixed as Tax Bill Passes: Markets Wrap

January 01, 1970 / in.investing.com

(Bloomberg) -- U.S. stocks fluctuated while Treasury yields climbed to a nine-month peak as the Republican tax overhaul passed its final vote before going to President Donald Trump for his signature.The S&P 500 Index was little changed Wednesday, held back in part by slumping consumer and real estate shares, while the energy and telecom sectors rose. Core European bond yields followed Treasury...Read More

COLUMN-China to remain the main game for global commodity demand: Russell

January 01, 1970 / in.investing.com

(The opinions expressed here are those of the author, a columnist for Reuters.)* GRAPHIC: China's economy, trade: http://tmsnrt.rs/2iO9Q6aBy Clyde RussellLAUNCESTON, Australia, Dec 20 (Reuters) - China strode like a colossus over major commodity markets in 2017, as the world's biggest buyer of natural resources made its presence felt on demand for coal, iron ore, crude oil and liquefied natural ga...Read More

GLOBAL MARKETS-Stocks dip on tech; U.S. tax plan vote looms

January 01, 1970 / in.investing.com

* Apple leads Wall St lower as tax-bill vote looms* Dollar regains footing on data* Gold holds firm as dollar wilts* U.S. yields rise on housing starts data before tax bill decision (Updates with open of U.S. markets; changes byline, dateline; previous LONDON)By Laila KearneyNEW YORK, Dec 19 (Reuters) - Global stock markets fell on Tuesday, with investors taking profits after recent highs in the t...Read More

GLOBAL MARKETS-Stocks bulls carry on, dollar keeps calm

January 01, 1970 / in.investing.com

* Europe opens mixed after best day for world stocks in 6 months* Wall St propelled to record highs on tax bill hopes* Dollar treads water, currencies less sanguine about tax impact* Rand rally eases after best two days since 2008 global crisis* Gold on first 3-day winning streak since October* Industrial metals fall after 4-day rally in copper, nickelBy Marc JonesLONDON, Dec 19 (Reuters) - World...Read More

Gold / Silver / Copper Prices - Weekly Outlook: December 18 - 22

January 01, 1970 / in.investing.com

Investing.com - Gold inched higher on Friday, with prices tallying their first weekly gain in a month amid expectations the Federal Reserve will maintain a slower pace of interest rate hikes next year.Gold futures for February delivery tacked on 80 cents, or around 0.1%, to settle at $1,257.90 on the Comex division of the New York Mercantile Exchange.For the week, the precious metal gained about 0...Read More

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