Concerns about global economic growth have become more pronounced in recent months as rising inflation, the ongoing Russia-Ukraine conflict and the ongoing tightening cycle by the US FederalRead More
Barrick produced 1.04 million ounces of gold and 120 million pounds of copper in the second quarter and said it remained on course to meet guidance.Read More
Shareholders and analysts will be watching Freeport-McMoRan's second quarter performance closely for a wider industry read on the impact of lower metals prices, inflation and economic deterioration,Read More
News: Polished market flat during summer lull. US jewelers optimistic for 2H despite economic uncertainty and inflation +9.1% in June. Rough prices stable at De Beers sight. Manufacturers competing for responsibly sourced rough. Cutters have reduced operations due to scarcities and lower polished demand; larger factories shifting between natural and lab-grown production based on availability and...Read More
Mining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDHomegrown and future-focused: a battery and critical metals discovery in the USASPONSOREDstill waters critical mineralsEclipse Metals to Explore Rare Earth Potential of Historic Greenland MineSPONSOREDeclipse metals ltdPensana Plc to provide UK-produced rare earth resourcesSPONSOREDpensanaThirty years ago, nuclear power plants...Read More
RAPAPORT... Chow Tai Fook's sales fell in the first fiscal quarter amid a resurgence of the coronavirus and a drop in tourism.Retail sales value across the group slipped 3.7% year on year for the three months ending June 30, the Hong Kong-based jeweler reported Tuesday. The figure dipped 2.8% in mainland China and 11% in Hong Kong, Macau and other markets.Sales were also lower due to an unfavorabl...Read More
(IDEX Online) - Crime has cost US jewelers $2.2 billion in the last two decades, says the JSA, after adjustments for inflation.The total figure for 2021 was just over $70m, down from $83m the previous year, said the New York-based Jewelers' Security Alliance Releases in its newly-released 2021 Annual Crime Report.But the total number of crimes was up from 1,438 to 1,687, an increase of 17 per...Read More
(IDEX Online) - An Indian jeweler has landed a Guinness World Record with a ring made with 24,679 natural diamonds.The Touch of Ami took 90 days to make at SWA Diamonds, in Malappuram Inkel Educity, Kerala.It takes the title Most Diamonds Set in One Ring from the previous record holder Renani Jewels, based in Meerut, India. Their Ring of Prosperity is set with 12,638 individual diamonds."It is our...Read More
(IDEX Online) - Nehal Modi, younger brother of fugitive diamantaire Nirav Modi, has been convicted by a US court of fraudulently obtaining diamonds worth over $2.6m.Modi, 41, a diamond trader, made false representations between March and August 2015, regarding a purported deal with Costco Wholesale Corporation to obtain the gems LLD, also known as Lev Leviev Diamonds.He then liquidated the d...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 50 points in pre-opening trade.Index futures were virtually unchanged after release of the June CPI report at 8:30 AM EDT. Consensus was an increase 0.8% versus a gain of 0.8% in May. Actual was an increase of 1.1%. Year-over-year, June PPI was expected to increase 10.8% versus a gain of 10.8% in May. Actual was a gai...Read More
The U.K. is facing a crisis. No, not our mounting supply issues, soaring cost inflation or the sudden change in political leadership; rather, the plummeting numbers of drinking establishments and graduate mining engineers. A survey in 1577 found that there were over 16,000 alehouses, taverns (generally larger than alehouses and also served wine) and inns in England and Wales. With a combined p...Read More
Japan's Panasonic is deepening its ties with electric vehicles (EVs) maker Tesla by planning a battery plant in Kansas, which will cost US$4 billion.The facility is expected to supply the EV giant with a new high-capacity battery and boost Panasonic Energy's production capacity by fiscal 2028 from the current level of roughly 50 gigawatt-hours per year to 150 to 200 GWh.The Japanese company, the w...Read More
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is investing US$188 million to increase the production capacity for low-carbon, high-value aluminum billets at its Alma smelter in Lac-Saint-Jean, Que., by 202,000 tonnes.The existing casting centre at Rio Tinto's Alma plant will be expanded to accommodate new state-of-the-art equipment, including a casting pit and furnaces, allowing a larger portion of th...Read More
Barrick Gold (NYSE: GOLD; TSX: ABX) has reported its preliminary second quarter operating results, showing total gold production of 1 million oz. and copper production of 120 million lb. During the quarter, it managed to sell all of the gold produced and 113 million lb. of copper.The gold output represents a 5.4% increase over the first quarter of 2022, which Barrick has said would be its lowest p...Read More
Anglo American (LSE: AAL) and Japan's Nippon Steel have joined forces to develop solutions for lower-carbon steelmaking, a process responsible for up to 9% of global greenhouse emissions.The companies will research ways to optimize premium lump ore produced by Anglo American's mines in Brazil and South Africa to decrease emissions in the traditional blast furnace (BF) steelmaking process.The partn...Read More
Doug Casey's Take, Released on 7/14/22 Join our email list to get Special reports and updates: https://dougcasey.substack.com/aboutConnect with us on Telegram: https://t.me/dougcaseyDoug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provid...Read More
Wall St. For Main St., Released on 7/14/22Jason Burack of Wall St for Main St interviewed returning guest, thought leader and financial blogger and financial newsletter writer, Doomberg, about how the food and energy crisis is actually getting even worse in the EU and in emerging market countries like Sri Lanka. Follow Doomberg on Twitter here: https://twitter.com/DoombergTOver 200 articles, audio...Read More
Peak Prosperity, Released on 7/14/22Join Chris and Evie for tonight's LiveCast Episode #16, as the two discuss the state of the world and the emerging financial crisis. A worldwide currency crisis is growing, social unrest is growing (farmers in particular) and now data showing current \/ injuries is growing as common knowledge. Here's the details, data and how to protect your family.Christopher M...Read More
Howe Street, Released on 7/14/22John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columni...Read More
Liberty and Finance, Released on 7/14/22 (Recorded on 7/7/22)The last time the U.S. was facing an inflation crisis like it is now, U.S. national debt to GDP was around 30%. Now, debt/GDP is 130%. The Fed will not be able to raise rates to tame inflation this time because the interest payments on the debt would skyrocket. The Fed will have to reverse course, says Brien Lundin, editor of Gold Newsle...Read More