The premium for aluminium billet in the United States fell to a record low on Friday October 25 due to to continued sluggish demand, while premiums in Europe and Brazil remained under pressure. US premium at record low European traders holding onto $300 per tonne level Low spot demand in Brazil Thailand premium fallsUS billet premium drops to all-time lowFastmarkets' aluminium 6063 extrusion bill...Read More
Vale's net profit rose to US$1.654 billion or 32c per share from $1.408 billion or 27c in the year-ago period, but missed average analysts forecasts of 51c per share.Bartolomeo said a resumption in paying dividends or share buybacks would depend on progress in repairing the damage from its Brumadinho tailings dam collapse early this year, which killed more than 250 people."As for capital allocatio...Read More
Here are five Fastmarkets MB stories you might have missed on Friday October 25 that are worth another look.The London Metal Exchange has set out its requirements for responsible sourcing, outlining three routes to compliance, it said on Friday October 25. The requirements will be underpinned by the Organization for Economic Cooperation and Development's due diligence guidance.A group of metals an...Read More
Fastmarkets proposes to increase the frequency of the normalization price data for its seaborne manganese ore indices to monthly from quarterly.Currently, Fastmarkets updates the normalization of its manganese ore price data - for manganese ore 37% Mn, fob Port Elizabeth, $/dmtu; manganese ore 37% Mn, cif Tianjin, $/dmtu and manganese ore 44% Mn, cif Tianjin, $/dmtu - on a quar...Read More
Umicore and Samsung SDI have agreed a multi-year deal whereby the former will supply the South Korean battery-manufacturer with almost 80,000 tonnes of nickel-cobalt-manganese [NCM] cathode materials, starting in 2020. The deal will feed Samsung SDI's lithium-ion battery production in Europe and Asia, itself feeding into automotive applications. "The sizeable volume commitment included in the agre...Read More
David HaggithIt's no longer just me using terms like "Armageddon, crisis, devastating, chaos, Great Depression;" it's leaders of the world's most august and conservative central banks!The big banking squeeze that began in September never went away. In fact, repo auctions last week looked worse than ever, in spite of the Fed's launching of QE4ever. With a new $60 billion a month in permanent re-...Read More
By: Ira EpsteinGold's pullback on the long-term chart is normal, gold market is running higher on the monthly..Read More
Hong Kong and the NBAChina's Vision of VictoryClashing ValuesHouston, Philadelphia, and DallasAnd once you see it, you cannot unsee it.I'm not alone. Here is what we are observing at macro scale:That it has been common knowledge something we all knew that we all knew since the Nixon years that by simply exporting capitalism and free enterprise, we would unshackle the forces of freedom in China....Read More
"These central bankers are clueless, and they have proven that beyond a doubt. All they can do is to try to keep the bubble going."Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael ha...Read More
David Stockman discusses the outrage that has followed President Trump's movement of a few dozen troops out of northeastern Syria. Stockman is quick to clarify that this is not even a withdrawal of troops, just a relocation from one part of the country into another, safer area. With this much hand-wringing from the mainstream media and the Israel lobby, how could Trump ever actually end a war? Sco...Read More
Proprietary analyst Rob Kirby returns to Reluctant Preppers to inform us that the evacuation horn is blasting, thought it's hard to hear over the Cheerleader in Chief loudly tweeting "Everything's Incredible! Hugest Cruise Ever!" from the bridge. Kirby offers sage wisdom to those ready to don their life vests!Rob Kirby is a financial commentator and former broker who worked on an institutional tra...Read More
Harley Schlanger's work can be found at LaRouchePAC.com.Read More
No wonder Democratic Party bosses and mainstream media are trying to bury presidential contender Tulsi Gabbard. She is the only candidate, perhaps the onlyContinue...Read More
Microsoft Corporation, Redmond, Washington, has been awarded a firm-fixed-price, indefinite-delivery/indefinite-quantity contract with a ceiling value of $10,000,000,000 over a Continue...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
Michael Oliver is the found of MSA Research. Continue...Read More
Gold and silver recovered some lost ground this week, with gold up $22 from last Friday's close to trade at $1506 in early morning trade in Europe. Over the same timeContinue...Read More
How long before the mainstream media exclaims: Is Bill Maher a 'Russian asset' too?Continue...Read More
"They made headway on specific issues and the two sides are close to finalizing some sections of the agreement. Discussions will go on continuously at the deputy level, and Continue...Read More
Chris Powell of the Gold Anti-Trust Action Committee joins updates us on the recent developments in the gold and silver manipulation prosecutions and discusses how the price spoofing schemes by the bullion banks may be tied to trades by central banks working to keep a lid on prices. Chris also explains why he thinks the "powers at be" are losing control of the price and how the recent positive pri...Read More