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

UNESCO names Romanian ancient gold mine settlement a world heritage siteRead full newsRead More

Iron ore dropped 10% on the back of Chinese steel production cuts and a spec market caught long, Marex's Alastair Munro said from the LME desk on Friday.The benchmark MySteel Australian 62% fines lost 2.99% to $195/t."Gold is expected to move up or down $33 from Friday's close, putting a range of 1847 to 1781 in play on the week, and we can have a 68% probability of price holding in that range," P...Read More

(IDEX Online) - LVMH sales of watches and jewelry more than trebled in the first half of 2021, the company said - up to $4.75bn.The French luxury conglomerate said Tiffany & Co, which it acquired earlier this year for $16.2bn after prolonged negotiations, had performed extremely well."The first half saw the integration for the first time of iconic jewelry maison Tiffany, which has benefited fr...Read More

(IDEX Online) - French police foiled an audacious bid by thieves to blow up glass cases at the city's Museum of Natural History (pictured) and steal a 217-ct necklace made for the Queen of Egypt.The $5.8m piece is among than 500 items in the Gems exhibition, which includes minerals, gemstones and objets d'art from the museum's collection, together with over 200 jewels by Van Cleef &...Read More

(IDEX Online) - Young couples are dispensing with engagement rings  -  and having a diamond pierced straight into their finger. It's called finger dermal. A small circle of flesh is removed from the finger, an anchor is inserted under the skin and the surrounding area has to be stitched to keep the gem in place. The process is, apparently, no more painful than piercing other parts o...Read More

BHP requested government mediation to reach an agreement and prevent a strike at the world's largest copper mine. Government mediation can last up to 10 days before workers can commence a strike.Read More

The junior said the investment by Glencore was an endorsement of the wider Costa Fuego copper-gold, which is emerging as a globally significant, low-altitude development. Hot Chili describes its 451 million tonne Cortadera discovery in Chile as one of two major copper finds since 2016, the other being Rio Tinto's remote, deep Winu discovery in Western Australia.  Glencore's backing...Read More

Future remains golden for Rox ResourcesSPONSOREDrox resourcesCashed-up Karora is doubling gold production at a blistering paceSPONSOREDkarora resourcesZinc-lead discovery helps Zenith double market capSPONSOREDzenith mineralsThe path to decarbonising the mining industrySPONSOREDA sharp drop late last week in the price of the most widely traded form of the material, ore containing 62% iron, not onl...Read More

Last week, the U.S. Commerce Department reported second-quarter GDP for the U.S. rose at a 6.5% annualized rate.From 2009 to 2019 (the recovery from the 2008 global financial crisis), the average annual growth in GDP for the U.S. was 2.2%. So, in comparison with the previous recovery, 6.5% seems like exceptionally strong growth.Of course, champagne corks were flying at The New York Times and other...Read More

Dear Outsider,Just when you thought this pesky little virus had run its course, our keepers in Washington are telling us to mask up again.It turns out yet another strain of the virus, the B.1.621 variant, is spreading across Florida. That's in addition to the Delta variant we've been hearing so much about.We've known from the start that mRNA viruses mutate and there will likely be countless mutati...Read More

The illegal mining of gold from Colombia's rivers and waterways is on the rise, according to a report from the United Nations Office on Drugs and Crime published on Tuesday.Read full newsRead More

UNESCO names Romanian ancient gold mine settlement a world heritage siteRead full newsRead More

(IDEX Online) - A lawyer in Pakistan is urging the government to retrieve the iconic Koh-i-Noor diamond from Britain.It's the latest of many twists in the history of the 105.6-ct Type IIa D-color gem, which has been the center-piece of Queen Elizabeth's crown since her coronation in 1953.Ownership of the stone is a matter of bitter debate, with India, Pakistan, Iran, and Afghanistan all...Read More

(IDEX Online) - De Beers founder Cecil Rhodes is to blame for 20,000 African deaths, says a leading Oxford University academic.Prof William Beinart says Rhodes was a "more brutal figure than previously thought" after researching his life for the commission appointed by Oriel College to consider whether a controversial statue should be removed. He held the "Rhodes Chair of Race Relations" from...Read More

(IDEX Online) - There was a slight overall increase, with more activity among rounds, some larger goods in particular, than fancies. Prices for rounds were up overall during July, but it was finely balanced. One-carats (1.00-1.24-cts) saw only a small handful of price changes, with more increases than decreases. 1.50-1.99-cts and 3.00-3.99-cts were busier, with plenty of price rises and no fa...Read More

Gold futures traded at US$1835.80 an ounce, the highest level since mid-June, and rose as high as $1837.50/oz."Gold is trading firmer following the FOMC meeting; however, the move still seems underwhelming given the latest move in real rates and the US dollar," UBS said."Market participants have been wondering about gold's relationship with real rates, which seems to have broken down since the Jun...Read More

Despite the forced curtailment of staff movements and ongoing shortages of road train drivers, ore shipments rose 27% from the March quarter to a record 5.2 million tonnes (wet), bringing the full year total to a record-smashing 17.3Mt. The company had targeted revised full-year guidance of 17.4-18Mt, but congestion at the Kwinana Port meant three shipments were delayed.  Production...Read More

Share this article THUNDER BAY - Great Atlantic Resources Corp. (TSXV:GR) reported the closing of its previously announced non-brokered private placement offering for aggregate gross proceeds of $1,450,000 in units of the Company at a price of $0.50 per Unit. Mr. Eric Sprott, through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, subscribed for the entirety of the Privat...Read More

Some 835 members of the Industrial Union of Labor Integration and the Unified Workers' Union voted by 97.1% to reject Codelco's contract offer, reported Reuters.Read More

Copper production was up 0.7% year-on-year to 297,000 tonnes, a 5% miss versus consensus estimates. Cobalt productions was down 2.4% to 8,000t, a 16% miss, while nickel volumes fell 14.Read More