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
LG Chem announced a 10 trillion KRW ($8.7 billion) investment in three engines of growth - eco-friendly materials, battery materials and innovative new drugs.Read full newsRead More
The 11th Annual Gold and Diamond Conference organized by Initiatives In Art and Culture will be held online from 10 a.m. to 2:30 p.m. EDT Tuesday, July 13 to Thursday, July 15., 2021.Read full newsRead More
That compares to just half a dozen IPOs in 2019 and 26 successful listings last year, with the ASX on track to beat the number of new listings set in 2006 and 2010, either side of the Global FinancialRead More
Chinese steel consumption will remain elevated in the short term, supported by strong demand from the construction and manufacturing sectors, and then decline slowly after 2025 as the economy matures,Read More
(IDEX Online) - Alrosa has resumed operations at another low-output mine, as the demand for rough recovers.The Zarnitsa open-pit mine (pictured), in Yakutia, Russia, stopped production in May 2020 as the market slumped, but the state-owned miner said it resumed operations on 1 July.Ore from Zarnitsa - one of the first primary diamond deposits discovered in the then-USSR - will not be process...Read More
(IDEX Online) - The government of Zimbabwe admits it has lost 350,000 carats of rough diamonds, with an estimated value of $140m. They were stored at repositories belonging to Minerals Marketing Corporation of Zimbabwe (MMCZ) and Zimbabwe Consolidated Diamond Company (ZCDC). Both are wholly owned by the government. In a newly-released report, the country's Auditor-General Mildred Chiri...Read More
(IDEX Online) - Signet Jewelers rose up the rankings in the National Retail Federation (NRF) new list of Top 100 Retailers in the US - from 98th place to 78th.But its total retail sales plunged by almost a quarter from $6.05bn in 2019, to $4.65m in 2020 according to the NRF data, provided by Kantar data analytics. Walmart and Amazon.com, placed first and second respectively in both 2020...Read More
The company achieved an average gold price of US$1,816 per ounce during the quarter and $4.40 per pound for copper.Read More
Proudfoot Global CEO Pamela Hackett talks wrestling chaos with industry leadersSPONSOREDproudfootYandal building on discovery successSPONSOREDyandal resourcesEmerging producer Horizon Minerals eyes mid-tierSPONSOREDhorizon mineralsRumble growing with Earaheedy discoverySPONSOREDrumble resourcesEl Palamar has been drilled once previously, by Codelco, which intersected porphyry copper-gold mineralis...Read More
British Columbia has granted a permit for early construction work at the Blackwater gold project belonging to Artemis Gold (TSXV: ARTG). This is the first step in construction of a mine, allowing for site preparations and land cleaning at the site 150 km southwest of Prince George, B.C.Blackwater is estimated to be the largest gold mine development in the Cariboo region of B.C. in the last decade,...Read More
Planned and unplanned maintenance shutdowns at Nevada Gold Mines in the US and Pueblo Viejo in the Dominican Republic have resulted in a 5.4% drop in the world's second-largest gold miner by reserves, Barrick Gold's (TSX: ABX, NYSE: GOLD) second-quarter output.Preliminary June-quarter results dropped to 1.04 million oz. gold, from 1.1 million oz. in the prior period. The latest figure was below th...Read More
A new report by IDTechEx states that the current trend of adoption of redox flow batteries (RFBs) should lead to a multi-billion market size in 2031.However, in the analyst's view, this massive adoption doesn't imply that Li-ion batteries will disappear. Rather, the two systems are expected to address different issues."IDTechEx expects Li-ion batteries to be mostly employed for a short duration of...Read More
Proudfoot Global CEO Pamela Hackett talks wrestling chaos with industry leadersSPONSOREDproudfootYandal building on discovery successSPONSOREDyandal resourcesEmerging producer Horizon Minerals eyes mid-tierSPONSOREDhorizon mineralsRumble growing with Earaheedy discoverySPONSOREDrumble resourcesMiners frequently cite a three-phase value model as the rationale for investing in the industry. I...Read More
The Federal Reserve has one nasty "temporary" problem.Not in the way that it claims or in the way the Biden administration wants to think and talk about it.Instead it has a problem with the things it says will be temporary being temporary at all.Right now inflation is the clearest example, but really this has been going on for a while.And, from the look of it, it will be going on for far longer.Ne...Read More
Yesterday we maintained that the American Revolution was a "revolution not made but prevented."Less a revolution than an anti-revolution... we might properly label the thing a revolt.A child may revolt against parental sovereignty. But is he a revolutionary?Here was the American colonists' animating purpose: To retake preexisting rights the crown had muscled away from them.They were not out to cre...Read More
Kenorland Minerals Ltd. is pleased to announce the commencemenRead full newsRead More
DMG Blockchain Solutions (TSXV:DMGI) is pleased to announce the purchase of 2,450 Bitcoin ASIC miners from Bitmain.Read full newsRead More
Southwest China's Yunnan province has started asking some local metal producers to reduce power consumption for the second time in three months, two industry sources and consultancy Aladdiny said on Wednesday.Read full newsRead More
Fredericton, New Brunswick--(Newsfile Corp. - July 14, 2021) - TRU Precious Metals Corp. (TSXV: TRU) (OTCQB: TRUIF) (FSE: 706) (Read full newsRead More
The mine, Ecuador's largest, delivered 108,799 ounces of gold in the three months to June 30, up from 104,137 ounces in the previous quarter.Read full newsRead More