Switzerland-based miner-trader Glencore revealed on Thursday October 10 that chief executive officer Ivan Glasenberg holds an 8.3% shareholding in the company in its first disclosure of his stake since 2013.The miner-trader, which is the world's largest for metals, said on Thursday that the company's share buyback scheme had left long-time CEO Glasenberg with 9% of voting rights in the company and...Read More

Shares had eased a little this afternoon, at a still respectable $1.16. It put about 25% of the local group into the open market.Read More

If passed, the bill, introduced into the Senate in January 2018, would allow the distribution of such water to be subject to the authority of the state, which concerns the private sector companies, particularly in the mining sector, which have invested hundreds of millions of dollars to secure their water sources through investment in desalination plants, particularly in arid northern ChileThe sca...Read More

By: Ira EpsteinGold $1,515 a problem for gold. $1,540 level resistance area. Market in a stall..Read More

Lack of alternate investment avenues and fear of more recession has resulted in investors flocking to gold and silver. Even bitcoin and other crypto currencies are selling off. Investors and traders have not choice but to invest in gold and silver. Currency markets are not very volatile. Traders invest in investment instruments which are highly volatile. Gold and silver are highly volatile apart...Read More

Switzerland-based miner-trader Glencore revealed on Thursday October 10 that chief executive officer Ivan Glasenberg holds an 8.3% shareholding in the company in its first disclosure of his stake since 2013.The miner-trader, which is the world's largest for metals, said on Thursday that the company's share buyback scheme had left long-time CEO Glasenberg with 9% of voting rights in the company and...Read More

Coal industry billionaire Hans Mende joined the board of Jupiter Mines on Wednesday October 9 as a non-executive director, the Australian Stock Exchange-listed mining company has announced.Mende is co-founder and executive chairman of AMCI Group, a substantial shareholder...Read More

Any hopes the United States might relax its sanctions on Turkish steel exports appear to have been scuppered after Turkey launched an air and ground assault on Kurdish-held northern Syria. On Wednesday October 9, Turkey launched 'Operation Peace Spring' east of the Euphrates River in northern Syria to secure its borders, after the US army retreated from the region. And on Thursday, the head of the...Read More

New customs declaration procedures could be put in place by European Union member states if the United Kingdom ultimately leaves the bloc with no agreement in place (a "no-deal Brexit"), an industry association told Fastmarkets this week.This would cause months of congestion affecting UK-origin scrap cargoes although no long-term disruption was expected for the UK's metals recycling sector, worth...Read More

Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per tonne on an ex-works China basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets price assessment for lithium carbonate 99.5% Li2CO3 min, battery grade, spot price range exw China, yuan/tonne. Fastmarkets lith...Read More

$7.1 billion.That's what the African cannabis market could be worth in just three years.But what makes this particularly interesting is that only three countries in Africa have legalized the medical use of cannabis: South Africa, Zimbabwe, and Lesotho.The latter, by the way - Lesotho - is actually the only country in the region that allows for the legal cultivation of cannabis. And given its super...Read More

China's hot-rolled coil prices were largely unchanged on Thursday October 10 because although demand was robust, some participants were bearish on the price outlook after some buyers started selling imported goods from Russia.DomesticEastern China (Shanghai): 3,590-3,600 yuan ($502-503) per tonne, unchangedNorthern China (Tangshan): 3,540 yuan per tonne, unchangedSpot prices were stable even thoug...Read More

Here is what's new today on INK Ultra Money.The inflation inflection point - Real Vision (subscriber video)Eco (Atlantic) Oil & Gas insiders ride the waves - INK Research (subscriber video and free audio)Canadian Insider Club members can get subscriber content by upgrading for the special rate of $99.99 per year (plus tax) via the Membership tab after logging in. If you are not a Club member, joi...Read More

Here is what's new today on INK Ultra Money.Insiders continue buying as financing risk drops at Eldorado Gold - INK Research (subscriber video and free audio)The Dollar Milkshake Re-Visited - Real Vision (subscriber video)A Smoke-Free Trade - Real Vision (subcriber vdeo)Canadian Insider Club members can get subscriber content by upgrading for the special rate of $99.99 per year (plus tax) via the...Read More

Turkish domestic prices for rebar and wire rod have gone up over the past week, while the country's lira weakens against the US dollar, sources said on Thursday October 10.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, exw Turkey, was TRY2,790-2,800 ($477-478) per tonne on Thursday, up from the TRY2,730-2,780 per tonne of last week.Steel mills in the Izmir region...Read More

Any hopes the United States might relax its sanctions on Turkish steel exports appear to have been scuppered after Turkey launched an air and ground assault on Kurdish-held northern Syria. On Wednesday October 9, Turkey launched 'Operation Peace Spring' east of the Euphrates River in northern Syria to secure its borders, after the US army retreated from the region. And on Thursday, the head of the...Read More

Prices for steel rebar in Egypt fell in the week to Thursday October 10, while imported steel billet prices increased, sources have told Fastmarkets.Egyptian rebar producers reduced their prices on September 30 and October 9.The reason for these falls was that Egypt's prime minister last week announced a reduction in the cost for natural gas, to $5.50 per BTU from $7.00 per BTU. This will substant...Read More

The Turkish steel mills have fallen quiet in the deep-sea scrap markets following political developments that have raised concerns in the market, sources said on Thursday October 10.The most recent confirmed transaction was done from the United States on October 9. A Turkish steel producer booked a cargo comprising 23,000 tonnes of HMS 1&2 (80:20) at $233 per tonne and 17,000 tonnes of shredded at...Read More

Any hopes the United States might relax its sanctions on Turkish steel exports appear to have been scuppered after Turkey launched an air and ground assault on Kurdish-held northern Syria. On Wednesday October 9, Turkey launched 'Operation Peace Spring' east of the Euphrates River in northern Syria to secure its borders, after the US army retreated from the region. And on Thursday, the head of the...Read More

By Daniel R. Amerman, CFAAs can be seen in the graph below, there is an almost uncanny similarity between housing prices at the 2006-2007 peak, and current home prices.The biggest difference is that current home prices are substantially higher. Should we be worried about a repeat scenario - and another six year decline in home values?This analysis explores in detail the similarities between 2006...Read More