Share this articleCANBERRA, Australia - Rio Tinto chief executive Jean-Sebastien Jacques will leave the Anglo-Australian mining giant by March over the destruction of Australian Indigenous sacred sites to access iron ore, the company said on Friday."Significant stakeholders have expressed concerns about executive accountability for the failings identified," Rio Tinto said in a statement.By mutual...Read More

Chinese domestic battery-grade lithium carbonate producers kept their prices firm in the week ended Thursday September 10, with most customers maintaining a wait-and-see attitude, while the market in the rest of the world was flat.Sentiment in China's battery-grade lithium carbonate market was still bullish with offering prices remaining firm.Industrial-grade carbonate prices in China were slightl...Read More

Flat-rolled steel import prices in South America mostly continued to rise in the week to Friday September 11, with both deals and new offers being reported at higher levels, supported by recovering demand and lower availability from mills, market participants said.More restricted export allocations from China, Japan and Brazil, as well as gradual restarts in activity on the continent, were still d...Read More

A new poll by the Kaiser Family Foundation shows that 81% of Americans believe a coronavirus vaccine will not be widely available before the November election.And even if it is, most say they won't get it.The KFF credits safety concerns stemming from political involvement and rushed development as a leading factor in America's reluctance to get vaccinated against COVID.President and CEO of the fou...Read More

Indian mills were receiving significantly lower bids for their exports of hot-rolled coil with Chinese mills having cut their HRC export prices, Fastmarkets heard on Friday September 11."Chinese mills have dropped their HRC export offers, particularly for Southeast Asian destinations," one market participant said. "Indian mills will have to drastically cut their offer prices to stay relevant in th...Read More

The mood in the Northern European market for hot-rolled coil remained upbeat on Friday September 11, supported by reduced output from domestic mills, long lead times and the absence of "workable" import offers, sources have told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?476.01 ($563.46) per tonne on September 11, down by ?,?0.14...Read More

Domestic steel rebar prices in Poland remained fairly stable week on week on September 11, while producers considered new hikes for October bookings on steady demand and bullish scrap, sources told Fastmarkets on Friday.Rebar prices in Poland have stabilized after an increase last week, leaving Fastmarkets' latest price assessment for steel reinforcing bar (rebar), domestic, exw Poland at 1,920-1,...Read More

Rebar prices in eastern China were unchanged on Friday September 11 compared with a day earlier amid futures strength and declining billet prices.DomesticEastern China (Shanghai): 3,680-3,700 yuan ($537-540) per tonne, unchangedNorthern China (Beijing) weekly assessment: 3,630-3,660 yuan per tonne, down by 30 yuan per tonneRebar futures rose amid support from higher production costs and market par...Read More

Steelmaking margins at Bangladeshi mills have come under pressure after a decline in steel prices combined with further price increases for imported scrap over the last week, sources told Fastmarkets.Scrap prices continued to rise in the South Asian country due to a strengthening of the United States' domestic scrap markets, which made sellers more reluctant to offer cargoes for export. Run rates...Read More

Turkish steel mills stepped out of the market for imports of steel scrap in recent days following a spate of buying in the first half of the week to Friday September 11, while scrap prices in Southeast and East Asia have continued their climb.Turkey goes quiet after latest seven-cargo buying spreeUS export markets inch up following Turkish dealsVietnamese scrap prices increase after Japan auction...Read More

The UK market for deliveries of steel scrap to domestic consumers has risen in September, adding ?10 ($13) per tonne to the earlier ?15 per tonne rise in August, with major shredders competing for scarcer material with smaller scrap suppliers, industry sources said this week.Moreover, a steady rate of export business to deep-sea destinations such as Turkey and the Indian sub-continent has also h...Read More

Export pig iron prices from Brazil went up again during the week to Friday September 11 on new sales.Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil at $360-370 per tonne on Friday, up by $10 per tonne from $350-360 per tonne one week earlier. ...Read More

Export prices for Brazil-origin steel slab have widened upward in the past week with offers continuing to increase and material remaining scarce, Fastmarkets has heard.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, widened upward to $440-460 per tonne on Friday September 11, from $440-450 per tonne a week earlier.Offers of Brazilian slab were heard mainly in Nor...Read More

Rebar prices in eastern China were unchanged on Friday September 11 compared with a day earlier amid futures strength and declining billet prices.DomesticEastern China (Shanghai): 3,680-3,700 yuan ($537-540) per tonne, unchangedNorthern China (Beijing) weekly assessment: 3,630-3,660 yuan per tonne, down by 30 yuan per tonneRebar futures rose amid support from higher production costs and market par...Read More

Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately predicted Japan's collapse in 1989, the d...Read More

For Part 1 of this interview, CLICK HEREAmerica has always needed a reason to fund its military-industrial complex, which is why the country has had a history of "aggravating" other nations, said former congressman Ron Paul. Paul said that this is the incorrect approach to foreign policy and that the U.S. should be focused on more free trade instead."China is more or less a scapegoat, which is ver...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

Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal...Read More

*This interview was filmed on August 19thDoug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider of subscription financial analysis about specific market verticals including natural resources/metals/mining, energy, commodities, and tec...Read More

Noted immigration attorney Steve Maggi joined us for a look at the latest administration initiative to perform DNA testing and Retinal scans of immigrants entering the country. How will this data be used and will there be privacy protections? These are important questions not just for immigrants but for citizens as well. The government has a horrid record when it comes to protecting our data and o...Read More