The Angas zinc mine, just outside Adelaide and currently under care and maintenance, is about to become the site of 5 MW advanced compressed air energy storage or A-CAES project which will provide synchronous inertia, load shifting and frequency regulation to the area's electrical grid.The developer is Toronto-based Hydrostor, a firm that was awarded $9 million in grants to build the facility, wh...Read More
Brazilian mining giant Vale (NYSE:VALE) issued a statement on Saturday saying that it had ordered the evacuation of some 200 people residing or working in 49 buildings that are located near its Mar Azul mine, in Nova Lima, Minas Gerais. This is the same Brazilian state where a tailings dam breach killed at least 166 people in late January and where over a hundred people are still missing.According...Read More
Gold futures marked the highest finish in two weeks Friday, as progress in trade talks in the final day of this week's round of U.S.-China trade negotiations was seen as bullish for the yellow metal, overshadowing strength in the dollar and a pick up in global equity markets. Meanwhile, palladium topped $1,400 an ounce to notch a record for futures prices, which settled with a weekly rise of nearl...Read More
Steel billet prices in most of the world's major markets maintained their upward momentum during the week ended Friday February 15 while iron ore and scrap costs continued to go up.The rise in scrap prices followed on from increasing raw materials prices after the fatal accident at an iron ore tailings dam at Vale's Feij??o mine near the city of Brumadinho, in the state of Minas Gerais in Brazil.T...Read More
Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries. Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
Doug Noland's weekly Credit Bubble Bulletin is always required reading. The latest - befitting the amazing things that have happened lately - is more necessary than usualContinue...Read More
I just gave my second keynote for a major, top-secret crypto conference. It was SO secret, the organizer didn't disclose the location on the website and only let us know Continue...Read More
Zimbabwean rescuers pulled the bodies of at least 22 illegal gold miners out of shafts west of Harare that were flooded earlier in the week, and rescued eight more alive, officials and witnesses said on Saturday.The accident involving about 70 miners in Battlefields, 175 km (109 miles) west of the capital, happened on Tuesday night and has shone a light on the risks run by illegal gold miners, who...Read More
For the first time ever, scientists from Los Alamos National Laboratory had a peek inside the structure of the Ram's Horn, a 263 gram, 12-centimeter tall wire gold specimen considered one of the few of its kind.Using neutron characterization techniques, the researchers were able to take a look to try to better understand how the shiny object was formed."Almost nothing other than the existence of t...Read More
The Angas zinc mine, just outside Adelaide and currently under care and maintenance, is about to become the site of 5 MW advanced compressed air energy storage or A-CAES project which will provide synchronous inertia, load shifting and frequency regulation to the area's electrical grid.The developer is Toronto-based Hydrostor, a firm that was awarded $9 million in grants to build the facility, wh...Read More
Section 232 tariffs on aluminium and steel raised $3.6 billion in their first nine months, and revenues for the last two months are likely to push that figure up by around another $1 billion, US government data shows.That figure would be enough to cover the shortfall in funding sought by United States President Donald Trump for border security. In other words, aluminium and steel tariffs could fun...Read More
Detailed data for Chinese trade is still not available, but there are indications that the East Asian country may have become the biggest importer of pig iron in Asia last year, according to Fastmarkets' research team.We pointed out in June last year that the Chinese import pig iron market might revive to fill the widening gap between iron and steel production in China, alongside ferrous scrap.Hon...Read More
A free tool can help traders bank big during the upcoming earnings season. Life After Google...Claim your copy here! Too many investors let their portfolios slip during the busy holiday season, but this is a huge mistake... especially with the market moving events just around the corner!With the crazy market action investors have been seeing lately, right now is the time to prepare to bank big w...Read More
The process to exclude steel and aluminium from the Section 232 import tariffs applied by the United States is having some interesting consequences.Notably, in the event of a national security issue - which Section 232 was designed to address - the United States would theoretically rely on Japan for its steel and Saudi Arabia for its aluminium.Those countries have been granted the highest volume o...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
Steel billet prices in most of the world's major markets maintained their upward momentum during the week ended Friday February 15 while iron ore and scrap costs continued to go up.The rise in scrap prices followed on from increasing raw materials prices after the fatal accident at an iron ore tailings dam at Vale's Feij??o mine near the city of Brumadinho, in the state of Minas Gerais in Brazil.T...Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Coming up Chris Martenson of PeakProsperity.com and famous author of The Crash Crouse and his latest book Prosper! joins me to dissect what’s behind the Yellow Vest movement in France and why the mainstream media and those in power simply don’t want you to know what’s really going on there. Chris also tells...Read More
Here are five Fastmarkets MB stories you might have missed on Friday February 15 that are worth another look.The London Metal Exchange's linked load-in/load-out (LILO) warehouse rule thus far has not been activated at Istim's warehouses in Port Klang, Malaysia, despite a large aluminium queue building at the warehouse, sources confirmed to Fastmarkets MB.Section 232 tariffs on aluminium...Read More
Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More