Anglo American has raised the 2019 iron ore production guidance for its Minas Rio operations in Brazil while maintaining that for its Kumba operations in South Africa.The miner now expects Minas Rio to produce 20-22 million tonnes of the steelmaking raw material, compared with 19-21 million tonnes previously, it said in its third-quarter production report published on Tuesday October 22.The miner...Read More
Vale has suspended activities at its Itabiru??u tailings dam, which is located at its Itabira mining complex in the country's southeastern Minas Gerais state.The dam's temporary shutdown will have an impact of about 1.20 million tonnes of iron ore output that is limited to 2019, since the Brazilian miner's production plan has already accounted for a stoppage of the dam for most of the year, it sai...Read More
The three-month zinc price on the London Metal Exchange was higher during morning trading on Tuesday October 22, with the metal continuing its approach toward $2,500 per tonne, while lead futures were also up.Zinc's outright price on the LME was recently seen at $2,480 per tonne, while just over 2,000 lots were exchanged as at 9.15am London time. Price action in the galvanizing metal was boosted b...Read More
The London Metal Exchange has no plans to stop adding to its contract suite, with new additions expected in 2020, chief executive Matthew Chamberlain told Fastmarkets. After launching seven new cash-settled futures contracts in March 2019, the exchange will listen to market participants' requests for new hedging options."We are very keen to do more contracts in 2020, it is in the plan and in the b...Read More
Base metals prices on the Shanghai Futures Exchange were broadly down during the morning trading session on Tuesday October 22, with copper and aluminium securing marginal gains while the rest of the complex weakened.Copper was the outperformer of the SHFE base metals in terms of percentage gains. The red metal's most traded December contract price rose to 47,140 yuan ($6,661) per tonne as at 10.0...Read More
Fastmarkets will discontinue the publication of price change articles on metalbulletin.com from Tuesday October 22. Fastmarkets will no longer publish price change articles for minor metals, noble alloys, bulk alloys & ores, European non-ferrous scrap and UK non-ferrous scrap and ingot prices. There is no change to the publication of the price assessments or indices. All prices and their price mov...Read More
China's ferro-silicon market was split between a weakening export price and a steady domestic price last week, with exporters battling soft demand and supplier competition while production cuts supported domestic rates.In Europe, prices have consolidated recent price gains, although the recent rally looks short-lived because export offers into Europe have appeared from Kazakhstan. There are no ant...Read More
today I was going for a ride and found a car on the side of the road and I decided to check it out, hope y'all enjoy!Read More
Name King Ck Actor / Comedy /Youtuber /somali social media Pls Subscribe Like & ShareFadlan Haka ilaawin InaadDhahdo Share Like & CommentRead More
Ken Norquay recalls the late Richard Russell's admonition in making the case that investors who have not adopted financial plans that include selling, should do so immediately.Chartered Market Technician (CMT) and author Ken Norquay warns "withstanding bear markets is a very emotional experience".I remember those carefree childhood times that led up to the 'back to school' days of September. Time,...Read More
The London-listed company posted Q3 production figures - including silverstream - of 13,283 ounces, 5% below consensus estimates. Gold volumes were also 5% shy of consensus at 210,000oz.Fresnillo said full year gold and silver production was "likely to be at the lower end of the guided ranges of 55-58Moz (including silverstream) silver and 880,000-910,000oz gold respectively."Investment firm Jeffe...Read More
Speaking as a prelude to the keynote panel about innovating the CEO agenda, Wallace said such projects were a means of throwing the old university playbook out and "connecting companies and industryRead More
You can't say we weren't warned.A decade ago, the U.S. Department of Energy released a report highlighting the critical materials that would be key components for the development of clean technologies in the United States.Buried in that report, however, was more than just projections. For materials such as lithium, cobalt, and rare earth elements, it was clear who was in control.Just think...In 20...Read More
Richard (Rick) Mills, Ahead of the herd In the first quarter of 2019, global debt hit $246.5 trillion. Encouraged by lower interest rates, governments went on a borrowing binge as they ramped up spending, adding $3 trillion to world debt in Q1 alone. It reverses a trend that started in the beginning of 2018, of reducing debt burdens, when global debt reached its highest on record, $248 trillio...Read More
Clint Siegner, Money MetalsThe Wall Street Journal's Jason Zweig famously referred to gold as a "Pet Rock" in 2015. He was blasted by people who understand that gold is no passing fad, and it serves some very important roles in an investment portfolio.The valuable roles played by gold have been well covered here. It's a hedge against both inflation and deflation, it represents true diversifi...Read More
By: Ira EpsteinGold's volatility has been coming out of the market. $1,498.7 would break the bearish pattern: Read More
Discussed in this interview:02:07 Fed unwinding balance sheet to pre-QE levels is a pipe dream06:19 Ridiculous that the US has never had a failed bond auction10:15 US shale oil industry could be soaking up unwanted dollars12:48 De-dollarization: Foreigners do not want dollars20:31 Energy independence? US still needs Saudi oil22:18 Oil is the main sustenance for the US dollar22:45 The ridiculous pa...Read More
Edward Snowden is an American whistleblower who copied and leaked highly classified information from the National Security Agency in 2013 when he was a Central Intelligence Agency employee and subcontractor. His new book "Permanent Record" is now available.Read More
Find out how pensions are leveraging the credit market via the shadow banking system. Brian Reynolds joins Robert to discuss how we're likely in another boom-and-bust cycle driven by shadow banking.Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His book titles hold four of the top ten spots on Nielsen Bookscan List's Life-to-Date Sales f...Read More
Michael says the "Fed has no idea what they are doing." Last year they said they would be quietly conducting quantitative tightening to lower their balance sheet and would be raising rates. Then a year later, having never reached 3.5%, they are now sending rates much lower. Their quantitative tightening program blew up the junk bond market, and now they are back to monetizing the debt just like an...Read More