Citizen Free Press, Released on 10/17/2186% of everyone over 12 in the UK is at least partially vaccinated, yet cases continue to rise and are well above where they were last year.Continue... UK's Vaccinated infection rate is 2X times the Unvaccinated... added by Herman James on 10/17/2021View all posts by Herman James ?+'Read More
Citizen Free Press, Released on 10/16/21The COP Climate Change Conference, hosted by the UK in partnership with Italy, is taking place in Glasgow from October 31 to November 12. One blogger from Brighton wrote this week Continue... UN Climate Conference using diesel generators to charge fleet of TESLA cars... added by Herman James on 10/17/2021View all posts by Herman James ?+'Read More
Libs of Tik Tok, Released on 10/16/21Continue... This is what leftism does to you added by Herman James on 10/17/2021View all posts by Herman James ?+'Read More
Zero Hedge, Released on 10/16/21Although silver is widely known as a precious metal, its industrial uses accounted for more than 50% of silver demand in 2020.Continue... Visualizing The Global Silver Supply Chain added by Herman James on 10/17/2021View all posts by Herman James ?+'Read More
Japanese steelmaker Nippon Steel is suing compatriot automaker Toyota and Chinese mill Baosteel on claims that the two had infringed on its patent for non-oriented electrical steel sheet. In its suit filed at the Tokyo district court on Thursday October 14, Nippon Steel is also seeking an injunction to prohibit Toyota from manufacturing and selling motor-driven vehicles equipped with motors using...Read More
The Port of Los Angeles plans to operate around the clock seven days a week to address a growing backlog of shipments waiting in cargo containers anchored offshore to be unloaded at the port.The port announced the move on Wednesday October 13, joining a similar effort that began at the nearby Port of Long Beach in September.The port is figuring out the details of how it will work with supply chain...Read More
Here are five Fastmarkets stories you might have missed on Friday October 15 that are worth another look.Most prices for flat-rolled steel products imported into South America were down during the week ended October 15, with Brazilian mills lowering their offers, Russian sellers pressuring the market downward and Chinese material still scarce in...Read More
An understanding of the relationship between between the gold price and inflation requires historical observation and factual understanding. Below are three specific statements that are rooted in historical fact…1) GOLD IS REAL MONEYLots of things have been used as money during five thousand years of recorded history. Only gold has stood the test of time. It has earned its...Read More
Falling oil demand and bearish USinventories are not of any good to WTI investors. However, a deeper slide mightbe a great place to enter the trade…FundamentalAnalysis The Organization of Petroleum ExportingCountries (OPEC) has downgraded its estimate of world oil demand for 2021. Thedemand has been lower than expected so far despite strong prospects for the endof the year.In fact, in its m...Read More
Here are five Fastmarkets stories you might have missed on Friday October 15 that are worth another look.Most prices for flat-rolled steel products imported into South America were down during the week ended October 15, with Brazilian mills lowering their offers, Russian sellers pressuring the market downward and Chinese material still scarce in...Read More
The collapse of the iron ore market and market turbulence over Chinese property developer Evergrande Group are adding to the economic woes caused by the Delta variant of Covid-19 for much of this year.It is hard to find bright sparks in the months ahead for the ferrous supply chain, which has been buffeted repeatedly in a short span of few months, starting with Chinese Premier Li Keqiang's comment...Read More
If any member was going to leave the London Metal Exchange ring trading floor, the exchange was probably hoping it wouldn't be Triland Metals Ltd.The company, a wholly owned subsidiary of Japanese conglomerate Mitsubishi, is one of the exchange's longest serving Category 1 members, having joined in 1972 after being founded in the prior year. Having a unit of Japan's largest trading company as a ri...Read More
Eight of the nine Category 1 members of the London Metal Exchange have indicated their support for continuing to trade official lunchtime prices in the open-outcry ring.Does this mean that one company does not support ring trading? And could one of the exchange's members be preparing to leave the trading floor?The exchange revealed on Monday August 9 that it had majority support for the ring, in a...Read More
August marked the 50th anniversary of Nixon’s abandonment of the gold standard. It caused so many problems for the economy…and gold didn’t take over?Last month marked the 50th anniversary of President Nixon’s suspension of the convertibility of US dollars into gold. This move broke the last, thin link between world currencies and the yellow metal, effectively ending the er...Read More
Zinc producers in China's southwestern province of Yunnan should be able to fully resume their operations by mid-June, sources said.Yunnan will remove its power restrictions by the end of June that have stunted local zinc output, the provincial energy bureau said.A few zinc smelters in Yunnan have already resumed production, however, sources that spoke to Fastmarkets said.Production capa...Read More
The ECB tapered its asset purchases. Only that it didn’t taper at all. Are you confused? Gold isn’t – it simply doesn’t care.Tapering has begun. For now, in the Eurozone. This is at least what headlines suggest, as last week, the Governing Council of the European Central Bank held its monetary policy meeting. The European central bankers decided to slow down the pace of the...Read More
Autumn is just around the corner, andwhile the precious metals tasted some success most recently, the medium-term isstill set for a downtrend.With Fed Chairman Jerome Powell stickingto his dovish guns and U.S. nonfarm payrolls elongating the central bank’sperceived taper timeline, gold, silver, and mining stocks were extremely happycampers. However, with event-driven rallies much more sembla...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.As we approach the end of the first half of 2021, steel markets in Europe and the United States continue to heat up. This six-month period is largely unprecedented, with both steel prices and steelmakers' margins hitting a number of new record highs throughout.The rally is likely nearing its end, however, with global steel ou...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:Bulk and noble alloys both moved largely in line with our price forecasts globally over the past month, though several markets surprised to the upside, exceeding our forecast gains. Stronger-than-forecast pricing momentum was primarily triggered by supply shortages in numerous...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Bulk ferro-alloy prices have shown impressive gains again this month, with ferro-silicon, silicon metal and manganese alloy prices all making significant increases. Noble alloy markets also enjoyed upward momentum, with both vanadium and molybdenum prices rising sharply.Recovering demand from steelmakers globally, together w...Read More