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
(IDEX Online) - Chow Tai Fook aims to open more than 2,000 new stores across China by 2025.The jeweler is already the country's biggest by market value, and currently has 4,850 points of sale. It is planning to increase that number by 2,150 to 7,000.To put that in perspective, Signet, the biggest jeweler in the US, trading as Kay Jewelers, Zales, Jared, H. Samuel, Ernest Jones, Peoples,...Read More
All about that Top Shot life. Peep my curated Showcase to see my favorite NBA Moments.Read full newsRead More
All about that Top Shot life. Peep my curated Showcase to see my favorite NBA Moments.Read full newsRead More
It is a supremely tragic irony that while the corporate media ceaselessly tout America’s soaring financial “wealth,” the nation’s true wealth - its social order - is fast unraveling.While we’re encouraged to cheer billionaires blowing a tiny sliver of their wealth on space tourism and $500 million yachts as evidence of “prosperity,” our media and leadershi...Read More
Both Morgan Stanley and RBC Capital Markets have pushed iron ore further down the commodity pecking order as demand in China falters and supply from Brazil normalises after production outages and theRead More
Share this article VANCOUVER - Bearing Lithium Corp. [BRZ-TSXV; BLILF-OTCQB; B6K1-FSE] provided an update on the Maricunga lithium project in the Atacama Desert, Chile. The Maricunga project is the highest grade, undeveloped lithium salar in the Americas.The updated measured and indicated resource for the Maricunga stage one lithium brine project in Chile confirmed an increase by 90% compared wit...Read More
There was little movement overall. Rounds were down, fancies were mixed.Rounds Rounds were largely unchanged during September. Price drops dominated in most sizes. Half-carats (0.50-0.69-cts), one-carats (1.00-1.25-cts) and two-carats (2.00-2.99-cts) saw small clusters of decreases. Smaller goods - 0.18-0.69-cts - saw more price drops than rises. 0.70-0.89-ct goods fared better. HIGHLIGH...Read More
In a new report, IDTechEx forecasts that by 2040, the global lithium-ion battery recycling market will be worth US$31 billion annually.According to the market analyst, China is already the largest market for lithium-ion battery recycling but in two decades, over 50%, or 4.3 million tonnes of the world's spent lithium-ion batteries, will be recycled in the Asian country. IDTechEx estimates also fo...Read More
Whatever one thinks of the logic behind the 'merger of equals' announced this week between Agnico Eagle Mines and Kirkland Lake Gold, one thing is abundantly clear: The business combination will indeed create a 'Canadian mining Champion' in the words of Agnico Eagle's long-time CEO Sean Boyd. So we thought we'd dedicate this space to Boyd and his opening comments in a conference call with Kirkland...Read More
BHP (NYSE: BHP; LSE: BHP; LSE: BHP) announced that it has produced the first nickel sulphate crystals from its plant in Kwinana, outside Perth in Australia, part of the miner's strategy to grow its battery metals footprint to meet expected soaring demand. Nickel is a key component for electric vehicle (EV) cathodes, and the world's no. 1 mining company expects demand for the metal from the batt...Read More
We've all read about the push for de-carbonization, which is the primary driver for the battery mega-factory boom. All of these factories need nickel and cobalt for their products, but mostly they need nickel. According to research and consulting firm Wood Mackenzie, there is a general consensus that about 200,000 tonnes of nickel went into battery precursors for rechargeable batteries last year...Read More
Endeavour Mining (TSX: EDV; LSE: EDV), West Africa's top gold producer, has unveiled an ambitious five-year plan to add between 15 and 20 million indicated ounces of gold through exploration over the next five years. The company, which began trading in London in June, said the newly outlined program seeks to extend the life of its seven core assets beyond ten years. It also aims to...Read More
Look, I'm going to be honest...I've got a real axe to grind with China.Not the Chinese people, to be clear. I'm sure they're lovely.But the central government in Beijing - Xi Jinping and all the other autocrats.Call me old-school, but I don't like communism.I hate the censorship, the surveillance, the intolerance, and the complete lack of freedom.I hate the hawkish mentality, the sense of entitlem...Read More
When people in authority set expectations about what is possible, it's important to be truthful and realistic about what is possible, and by when.Otherwise, things that society often takes for granted, like regular food and fuel supplies, can suffer bottlenecks in supply.There are hints that unrealistically optimistic forecasts about the future - by political and corporate leaders - are causing re...Read More
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China's massive steel sector is being roiled by an energy supply crunch, a downturn in the property market and tighter environmental controls, impacting the short-term outlook for steelmaking ingredients iron ore and coking coal."We believe the impact will be negative in the case of iron ore, copper, nickel and, to a lesser extent, zinc, as China is a large net importer of these commodities," Jeff...Read More
The group had been stuck underground since Sunday after the main shaft exit was damaged.The staged rescue saw the miners led out via a 1.2km-long series of ladderways, with the last emerging at 4.45am local time on Wednesday according to the United Steelworkers Union Local 6500, ending a three-day ordeal."We are immensely grateful for the tireless work of the rescue crews who helped bring everyone...Read More
The company, which is headed up by Perth-based resource veterans Ian Middlemas and John Welborn, is moving six months after the Congo-Brazzaville government signed mining conventions with China-backedRead More
Share this article VANCOUVER - Tocvan Ventures Corp. [TOC-CSE; TV3-FSE] signed an agreement to acquire a 100% interest in the Rogers Creek property, about 90 km northeast of Vancouver, B.C, from C3 Metals Inc. [CCCM-TSXV]. Tocvan previously held an option to a acquire up to an 80% interest in the property from C3 Metals.Under the terms of the new agreement with C3 Metals, Tocvan is acquiring a 10...Read More
Share this article VANCOUVER - Karam Minerals Inc. [KMI-CSE] signed a share exchange agreement dated September 20, 2021, among the company, Hathor Exploration Ltd. and the security holders of Hathor to acquire all of the issued and outstanding securities of Hathor.Hathor is a privately-held uranium company with strategic claims in the heart of the Athabasca Basin in proximity to industry leading...Read More