We learned from Dr. Mark Cooksey, of Alcore Limited, that they are aiming to become the first low-cost, environmentally friendly producer of aluminum fluoride in Australia. Aluminum fluoride is a critical mineral, essential for aluminum smelting. Australia/NZ currently imports 100% of its aluminum fluoride requirement, mostly from China. Alcore plans to use aluminum smelter wastes to produce alumi...Read More

Glencore has started a long-term strategic partnership with Britishvolt, a UK-based investor in lithium-ion battery cell technologies and associated research and development, Glencore said on Tuesday August 17.The Switzerland-based trader-producer will supply responsibly sourced cobalt to the Btitish company, but it did not disclose the amount of cobalt to be committed."This is a huge step in the...Read More

A summary of China-headquartered Huayou Cobalt's results for the six months ended June 30, 2021, as released by the company on Monday August 16.January-June 2021 results(year-on-year change)Revenue 14.29 billion yuan ($2.21 billion), up by 57.91%Net profit 1.42 billion yuan,...Read More

Here are five Fastmarkets stories you might have missed on Tuesday August 17 that are worth another look.New Brazilian service center Centro de Cortes de Pr?(C)-Pintados (CPP), which focuses on pre-painted steel products, started operational activity in the southern state of Santa Catarina on August 11, the company told...Read More

Prices for hot-rolled and cold-rolled steel coil imports into the United Arab Emirates and Saudi Arabia increased during the week ended Tuesday August 17, although demand was only moderate, sources told Fastmarkets.The reason for this level of demand, given the slow market last week, was the low levels of stock being held in the two countries, sources said.But buyers preferred to make small bookin...Read More

Hot-rolled coil trading activity in the European market remained limited on Tuesday August 17 due to the seasonal slowdown, sources told Fastmarkets.Most of the region's buyers and producers have been holding back from trading during August; activity is not expected to revive until early September, following the traditional cycle.Northern European buyers have already started to slowly return to th...Read More

Crypto is back.I first recommended cryptocurrencies in my Bull and Bust Report about four years ago.My readers made roughly 2,500% and 1,040% gains by buying Bitcoin (BTC) at $450 and Ethereum (ETH) at $96. Those two coins are now trading at $45,000 and $3,093, respectively.I've gotten emails from people for whom these trades provided life-changing money.Don't get me wrong - Bitcoin and other alte...Read More

A summary of the financial results for Turkey's largest steelmaking group, Erdemir, for January-June 2021.In brief Erdemir Group produced 4.503 million tonnes of crude steel over the half-year, equivalent to 23% of the national total. The group's earnings before interest, taxes, depreciation and amortization (Ebitda) increased by 284.99% in January-June 2021, because of strong demand for steel in....Read More

Domestic prices for steel rebar in Russia's Central Federal District around Moscow narrowed upward by 2,000 roubles ($27) per tonne in the seven days to Monday August 16.Fastmarkets' price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, was 66,000 roubles ($900) per tonne including 20% value-added tax on August 16.This price narrowed upward from 64,000-66,000 roubles pe...Read More

Demand for steel rebar and billet remained limited in the United Arab Emirates in the week to Tuesday August 17, with prices already falling and some market participants expecting them to drop even further, sources told Fastmarkets.The lower prices for billet and rebar imports are expected to have a knock-on effect on the domestic market, where prices are also expected to decline because of weak d...Read More

Turkish steel producers are continuing with deep-sea scrap purchases for September shipment, but at a slow pace, market participants told Fastmarkets on Tuesday August 17.A steel mill in the Izmir region booked a Venezuelan cargo consisting of 25,000 tonnes of HMS 1&2 (80:20) at $449 per tonne cfr late on Monday August 16.The cargo was scheduled to be shipped in the second half...Read More

Seaborne iron ore prices fell on Tuesday August 17, with crude steel production cuts in China leading to thin trading and depressing market sentiment.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao:  $160.75 per tonne, down $2.77 per tonne62% Fe low-alumina fines, cfr Qingdao:  $161.65 per tonne, down $2.38 per tonne58% Fe fines high-grade premium, cfr Qingdao:  $129.54 per t...Read More

Robust domestic prices in the Japanese steel scrap market were keeping prices for material from the East Asian country strong despite tepid demand from major importers, sources told Fastmarkets on Tuesday August 17.Japanese local scrap prices remain firmBuying interest for imported HS limited in ChinaTaiwan scrap import prices inch higher amid strong offers.JapanContinued robust demand in Japan's...Read More

It is normal for pandemics to dissipate into endemics, and that is where we are at this point in the story. It's time for us to learn how to live with SARS-CoV-2 as a part of our lives and our future. And it's time for us to understand what the data really tells us about how best to move forward in our lives knowledgeably and gracefully. Follow us to an uncensored Part 2 here on the mass psychosis...Read More

Our Daniela Cambone catches up with George Gammon of the Rebel Capitalist Show to speak about the Fed's next moves ahead of the upcoming Jackson Hole Symposium. "The Fed controls the narrative and the market will realize they are being played," Gammon says. "People need to ask themselves if the market can crash up...just like Venezuela," he cautions. "The market can be going up, but you can still...Read More

CNBC's 'Squawk Box' team discusses the potential global economic repercussions of Afghanistan's fall to the Taliban with Kyle Bass of Hayman Capital.Kyle Bass is an American hedge fund manager. He is the founder and principal of Hayman Capital Management, L.P., a Dallas-based hedge fund focused on global event-driven opportunities.Read More

0:00 - Introduction0:34 - Flotation Pivot3:19 - Dynamic Strategy8:44 - Debt Death11:29 - Deflationary Depression13:29 - Gold Thesis & Weighting17:47 - Coming Bond Crisis22:22 - Bonds Vs. Stocks25:56 - Wrap UpTom welcomes back Michael Pento, President and Founder of Pento Portfolio Strategies, to the program. To subscribe to our newsletter and get notified of new shows, please visit http://palisade...Read More

In this episode of Keiser Report, Max and Stacy enjoy a 'cup of Joe Biden' as consumers are happy to pay ever higher prices for their morning cup of coffee thanks to the ongoing stimulus and enhanced unemployment benefits. In the second half, Max interviews Alasdair Macleod of GoldMoney.com about his latest piece, "The Extinction of Gold Derivatives' and what it has to do with the Nixon Shock and...Read More

Jesse Ventura, the host of RT's The World According to Jesse, joins Rick to discuss the end of the war in Afghanistan and the takeover of the Taliban. A decorated Vietnam veteran, Jesse draws parallels between the fall of Kabul to the fall of Saigon after the Vietnam war. Jesse Ventura, is an American politician, actor, author, Navy Seal, and former professional wrestler who served as the 38th Gov...Read More

Brien Lundin is the editor of the Gold Newsletter and CEO of the New Orleans Investment Conference. In this episode, Brien reminds gold investors to focus on the big picture macro argument for gold and not to be emotionally swayed by the near-term price fluctuations. He also discusses his approach to investing in the junior gold sector. Brien addresses why he has not invested in crypto currencies...Read More