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
The North America-focused producer company raised £12.3 million in a placing at 35p as well as a direct subscription worth £4.15 million, the company said on Friday.Read More
Share this article VANCOUVER - Denarius Silver Corp. will commence trading on the TSX Venture Exchange on Monday March 8, 2021, under the symbol DSLV.The company's mining portfolio has exposure ranging from exploration to near-term production of multi-metal assets offering leverage across multiple markets.The Lomero-Poyatos Project, to be acquired by the company, is a polymetallic deposit locate...Read More
China has turned the nickel market on its head after the world's biggest stainless-steel producer, Tsingshan Holding Group, this week agreed to supply about 100,000 tonnes of matte (containing approximately 65-75% nickel) to Huayou Cobalt and battery materials maker CNGR Advanced Material.The news signals that the mainly Chinese-funded nickel pig iron (NPI) producers in Indonesia are now looking a...Read More
On April 11th, Ecuadorians choose a new president with critical implications for the country's nascent mining industry.For many, the vote is a referendum on the legacy of former president Rafael Correa, who ran the country for a decade until 2017. Riding the oil boom, he spent heavily on infrastructure and welfare but left the country's finances in ruins.It has been up to his successor (and former...Read More
Electric car maker Tesla (NASDAQ: TSLA) will become a technical adviser at the conflict-ridden New Caledonia nickel mine, as part of the company's attempt to secure enough supply of the key battery metal, which CEO Elon Musk has singled out as his biggest concern.Political leaders in the French Pacific territory agreed on March 4 to sell a majority stake in Vale's (NYSE: VALE) nickel business to...Read More
Resource nationalism has spiked in more than 30 countries over the last year and more than half of those nations are key producers of minerals and hydrocarbons, a new study reveals.The growing trend, paired with the economic impacts of Covid-19, has heightened governments' rising appetite for greater control over mineral revenues, the latest research from risk consultancy Verisk Maplecroft shows....Read More
Petra Diamonds (LSE: PDL) has sold a 299.3 carat diamond recovered in January at its iconic Cullinan mine, in South Africa, to Belgium-based Stargems DMCC for US$12.18 million.The exceptional Type 11a white gem-quality rock achieved a price of U$40,701 per carat, which exceeds the US$34,386 per carat received for the 424.89 carat "Legacy of the Cullinan Diamond Mine" in May 2019. The freshly so...Read More
Poor Jerome Powell. This unlikely Atlas bears all the world's weight upon his slender shoulders.We hazard he ages one year for each torturous day he lives.Anything he mumbles - or fails to mumble - can send markets careening.Early yesterday afternoon, he mumbled something to The Wall Street Journal:We expect that as the economy reopens and hopefully picks up, we will see inflation move up through...Read More
You may have noticed the bond market has garnered some serious attention over the past few weeks. So serious, in fact, that FOMC members and the chairman himself even felt the need to try and play down concerns. Nevertheless, we're seeing broad dislocation between the bond market and the Fed's wishes.And one reason for that is that the market sees through the Fed's lies and denialism regarding i...Read More
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