Reports that Iran is running out of the raw material used to make weapons grade uranium, a product called yellow cake, has galvanized the international community into action in an attempt to close off possible sources of supply. Suggestions that we would sell nuclear materials to Iran are ridiculous says the Pakistan Atomic Energy commission. [...]
Molybdenum has gone from the darling of the minor metals market to a basket case in months. Back in 2007 Moly was trading at $40/lb and investors thought it could go even higher. The ETF Sprott Molybdenum, set up by Eric Sprott, was launched attracting $189m at its IPO. They had some justification, a couple [...]
Who killed the electric car? A lack of lithium resources could do the trick. Rumors abound that future lithium shortages might slow production for electric car developments, especially when demand for the lightweight metal rises against a decreasing supply. Once popular for glass and ceramics, lithium has already undergone increased demand for lithium-ion batteries in everything from cell phones and laptops to the latest [...]
Often referred to as the light metal, aluminum is anything but that at the moment. Prices have plunged on the back of falling demand due to the widespread retrenchment of consuming industries and the realization the world is massively over stocked ” and has been for years. In reality, aluminum consumption has probably been over [...]
  Connecticut-based bicycle maker, Cannondale, has a mission: “to create innovative, quality products that inspire cyclists around the world.” The company collaborated with denim brand G-Star to design and produce the Special Edition RAW CANNONDALE for the urban cyclist. Its frame is made of hand-crafted, smooth-welded aluminum. As one admirer put it: “It’s got [...]
I’m looking forward to April Fools Day because given the state of the global economy, we could all use some humor. So I got a kick out of this recent Forbes article in which Roger Agnelli, the CEO of giant iron ore producer Vale claimed “…China’s economy has stopped weakening and the global economy may [...]
ËœTwas a strange irony listening to the inauguration of our 44th president while reading the recently released House stimulus package from the House Appropriations Committee Chairman. This stimulus package, summary contained right here, offers a 15 page overview of the House’s idea of how to stimulate the ailing US economy. But let me save you [...]
Although platinum prices softened during the third and fourth business quarters, the white metal’s prices were through the roof in early 2008, leading to twisted market results. Jewelry buyers looked for alternatives to platinum, like palladium and white gold, and the metals recycling business grew as people looked to “cash in” on the upswing. The heavy recycling [...]
