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Metals & Mining Commodity Reports

Fewer new discoveries, slower development weigh on gold industry

London, July 2014

SNL Metals & Mining: In light of declining discovery rates and a longer time to advance a discovery to production, the gold industry's future ability to replace production through large discoveries is in doubt. Analysis suggests that discoveries made since 1999 might eventually only replace half of the gold produced over the same period.

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Platts Global Metals Awards 2014

London, May 2014

Fortescue Metals Group Limited took top billing, winning two of the most prestigious titles at the 2014 Platts Global Metals Awards. The Australian iron ore producer and mining giant won “Rising Star” and “Metals Company of the Year” honors Wednesday night for its ascension from industry newcomer to the world’s fourth largest iron ore producer in less than a decade.

Read more: Platts Global Metals Awards 2014

China's gold market: progress and prospects

London, 15 April 2014

A major report published today by the World Gold Council “China's gold market: progress and prospects” suggests that private sector demand for gold in China is set to increase from the current level of 1,132 tonnes(t)1 per year to at least 1,350t by 20172. Following the record level of Chinese demand in 2013, which saw the country become the world’s largest gold market, the report suggests that while 2014 is likely to see consolidation, the succeeding years are likely to see sustained growth.

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Judicial review suspends LME implementation of warehouse queue rule

London, 1 April 2014

The LME’s moves to regain credibility in the aluminium market have seen a plot twist at the last minute, write Maquarie Bank. Following a UK High Court ruling on Thursday supporting a claimant case brought by RUSAL around the rule change consultation, the LME will now not implement the previously proposed warehouse changes on April 1. This defeat, which comes as a surprise to the metals market, potentially has significant implications for LME metals participants. In our view, there will be plenty more twists and turns in the coming months

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Natixis Metals Review 2014, H1

London, 341 March 2014

Better late than never: 2013 was another difficult year for commodities, with total return indices trading in a narrow range to end the year down between 1.2% (S&P-GSCI) and 9.5% DJ-UBS. While DJ-UBS industrial metals lost around 13.6%, DJ-UBS precious metals suffered more substantial losses, with a negative return of almost 31%. In contrast, G3 equity markets rallied strongly, with the S&P500 up 30% and Japan’s Nikkei gaining by more than 50%. Investors might reasonably ask themselves whether commodities will ever begin to share in the global economic recovery: Natixis Metals Review.

Read more: Natixis Metals Review 2014, H1

China’s environmental measures will not curb steel production and seaborne iron ore growth

Edinburgh, 28 March 2014

Wood Mackenzie: Steel plants in China have been targeted as a major source of the toxic smog enveloping Beijing and Shanghai. Emergency measures have been imposed on regional steelmakers with mills in Tangshan ordered to suspend at least 30% of production and idle coke batteries and sintering operations.

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LME launches real-time testing platform for trading strategies

London, March 2014

The London Metal Exchange (LME) has launched a real-time synthetic test environment for members and their clients. The new system, LMEstage, will help to ensure market integrity by providing a simulated live market environment in which users can test their trading strategies.

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Survey Shows Exceptionally Strong US Silver Jewelry Sales

Washington DC, 18 March 2014

Silver jewelry sales in the United States were robust in 2013, with 73% of jewelry retailers reporting increased sales last year, according to “Silver Jewelry Buying Trends,” a survey conducted by the prominent jewelry trade publication “National Jeweler” on behalf of the Silver Institute’s Silver Promotion Service. The survey also finds that silver jewelry has become an increasingly important category for many jewelers for the past several seasons, both in driving sales and providing margin.

Read more: Survey Shows Exceptionally Strong US Silver Jewelry Sales

Annual World Exploration Trends 2014 Report

Halifax, Nova Scotia; 2 March 2014

The latest World Exploration Trends report from SNL Metals & Mining reveals that all company types cut their exploration activity sharply in 2013 in response to lower metals prices, uncertain demand, and poor market conditions. The result was a 29% decrease in estimated worldwide nonferrous metals exploration budgets compared with 2012.

Read more: Annual World Exploration Trends 2014 Report

Mining’s short-term pain turning to long-term gain

London, 26 February 2014

Despite 2013 being one of the worst years for M&A in recent history, mining activity is expected to increase in the coming months with developed economies beginning to stabilise and miners looking to add assets in a strategic manner, according to PwC’s latest global mining deals report.

Read more: Mining’s short-term pain turning to long-term gain