"Such declarations generate great bewilderment and cause confusion and error among Catholic faithful," Burke, a member of the Vatican's highest court."Continue...Read More
If you needed further proof that crime pays on Wall Street, look at the chart above. Goldman Sachs and its Malaysian subsidiary were criminally charged Continue...Read More
Two sons of the Vice President of the United States and the Secretary of State willingly entered into a financial partnership with a government their fathers were supposed to deal with in an impartial manner.Continue...Read More
"Basically what he is saying is he is going to destroy the oil industry. Will you remember that Texas? Will you remember that Pennsylvania, Oklahoma, Ohio?"Continue...Read More
The U.S. Mint just updated its sale figures on Monday to show the total for October was 2,460,000 Continue...Read More
0:00 - Introduction0:40 - End of a 38 year bull market4:30 - Election and stimulus package8:05 - Bust vs. Depression10:20 - Deflationary bust implications.15:00 - Treasury cash and Fed holding back20:25 - Potential for a banking crisis22:35 - Real estate and mortgages29:40 - Metals and miners outlook32:00 - Dollar weakness vs. gold strength35:40 - Oil outlook40:25 - Metals ETF's predictions42:10 -...Read More
MAG Silver Corp. reported first production results from its Juanicipio JV project in Mexico. MAG Silver Corp. (MAG:TSX; MAG:NYSE A) announced in a news release that "as planned, development material from the Juanicipio Project (56%/44% joint venture between Fresnillo Plc and MAG) commenced processing at the Fresnillo beneficiation plant during the quarter ended September 30, 2020."The operator at...Read More
Liberty Steel, part of the GFG Alliance, has restarted Adhunik Steel in India six months after it acquired the plant, the company said on Thursday October 22. The company said that it had restarted the first phase of production at Adhunik Metaliks Ltd and Zion Steel following the acquisition of the steel businesses in February 2020. The acquisition of the Indian site is a strategic investment in o...Read More
Demand for rebar and billet in Egypt failed to improve in the week to Thursday, October 22, despite the authorities reducing safeguard duties on the products, sources told Fastmarkets.Steel billet and rebar prices in Egypt were unchanged as a result, they added. The duty for imported billet was cut to 13% for the cif market last week, with a $60-per-tonne minimum, compared with ...Read More
The European Commission (EC) has opened an anti-dumping (AD) probe into imports of steel wind towers originating in China, the commission said on Wednesday October 21.The investigation started after the European Wind Tower Association lodged a complaint on behalf of European producers on March 17 - the association represents more than 25% of the total European production of steel wind towers.The p...Read More
Gold, mining stocks, and the USD Indexhave not been doing much recently. However, yesterday, this “inactivity” tookquite a decisive shape, and unfortunately, things are not looking good forgold.As you are all aware, gold tends to moveconversely to the USD Index. Therefore, it’s useful to focus on the latter forsigns that would influence the former. So, what does the current USDX...Read More
Slab export prices from Brazil remained unchanged week on week amid a lack of offers while producers and buyers wait for negotiations for January 2021 shipments to start.Mills were sold out of material for shipment through December, with most sales in the spot market made to the United States, sources said.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil was $490-5...Read More
Three-month prices for all base metals on the London Metal Exchange lost momentum before the close on Friday October 23, falling in tandem with a drop in the US stock markets.The LME three-month copper price lost 0.5% to close at $6,876 per tonne, after seeing a low turnover of just over 9,900 lots on Friday.The LME three-month lead and zinc prices dipped by 1% and 0.6%, respectively, and the...Read More
Now is not the time for Freeport-McMoRan to be thinking about mergers and acquisitions, the mining company's chief executive officer says.According to Richard Adkerson, the company - which is just over half-way through a mega-project to transform its giant Grasberg copper-gold mine in Indonesia from an open-pit to an underground operation - is on the verge of creating huge shareholder value."I jus...Read More
Domestic prices for secondary steel billet in India increased by 1,200 rupees ($16) per tonne in the week to Friday October 23, mainly on account of an equal rise in the price of direct-reduced iron (DRI), which is the most widely used feedstock for making secondary billet in the country.The price of steel billet, domestic, ex-works India, was assessed by Fastmarkets on October 23 at 31,300-31,500...Read More
Now is not the time for Freeport-McMoRan to be thinking about mergers and acquisitions, the mining company's chief executive officer says.According to Richard Adkerson, the company - which is just over half-way through a mega-project to transform its giant Grasberg copper-gold mine in Indonesia from an open-pit to an underground operation - is on the verge of creating huge shareholder value."I jus...Read More
Plans for a London Metal Exchange spot trading platform have sparked intense debate within the aluminium industry. But opponents and supporters don't necessarily fall into the camps that one might expect. For starters, a decision by the LME not to change its futures contract, establish a new green aluminium contract or set thresholds to define what constitutes low-carbon metal is proving key in st...Read More
Three-month prices for all base metals on the London Metal Exchange lost momentum before the close on Friday October 23, falling in tandem with a drop in the US stock markets.The LME three-month copper price lost 0.5% to close at $6,876 per tonne, after seeing a low turnover of just over 9,900 lots on Friday.The LME three-month lead and zinc prices dipped by 1% and 0.6%, respectively, and the...Read More
Seaborne premium hard coking coal prices edged down on Friday October 23, with market participants from China unable to purchase Australian coking coal while sources from India were in wait-and-see mode.Fastmarkets indicesPremium hard coking coal, fob DBCT: $113.25 per tonne, down $0.49 per tonne Premium hard coking coal, cfr Jingtang: $126.05 per tonne, down $0.73 per tonneHard coking coal, fob D...Read More
The London Metal Exchange base metal prices barring aluminium traded higher on Friday October 23, with the US dollar on shaky ground. US House of Representatives speaker Nancy Pelosi said on Thursday that could be a settlement "pretty soon" on the bill which Democrats and President Donald Trump propose providing $2.2 trillion in targeted relief in what is the world's largest economy. The dollar i...Read More