Yesterday, the House passed (by a 348-71 margin) a bill that would allow the Department of Commerce to levy anti-dumping duties on goods coming from countries that undervalue their currencies. The bill does not single out China, per se; rather, it singles out any country with an undervalued currency. Will this bill pass both chambers [...]
The currency markets are in a state of an international crisis, according to Guido Mantega, Brazil’s finance minister in a recent Financial Times article. In fact, Brazil is just voicing what many fear in private is a rapid deterioration in the exchange rate markets. For many emerging and resource based economies like Brazil, Thailand, Australia, S. [...]
The iron ore market is unquestionably in a state of flux, as everyone who opens a paper or watches the business news is aware, iron ore prices have been violently volatile as this graph from environmental website MongaBay.com shows. Not shown is the latest fall in prices again reflected in both spot and quarterly price [...]
Each week Metalminer will run a single metal-specific, 4 or 5 question free survey on the site. On Friday, MetalMiner will post the results of the market survey along with additional analysis in video format. Readers will be provided with this free analysis each week and can expect to receive the following: Benefits: Market sentiment [...]
Tomorrow, the BEA will release its revised second quarter GDP numbers. Consensus has that number at 1.6%, same as the prior release. But we here at MetalMiner pay close attention to the Consumer Metric’s Institute Daily Growth Index. The chart below depicts growth (or lack thereof) based upon certain aspects of consumer spending: Source: Consumer [...]
Russia comes in for a certain amount of bad press, not least of which in these columns, due to its patchy adherence to the rule of law, at least as applied in the corporate world, and the growing centralization of power into the hands of self styled hard man Prime Minister Vladimir Putin. A member [...]
It’s not just the oil and gas industry that is fighting shy of doing business in Iran. Although US pressure to enforce sanctions is pulling in high profile oil companies to withdraw from doing business with Tehran a host of metals firms and other manufacturers are also taking preemptive action. Many firms have simply announced [...]
It is probably fair to say that Britain is rarely first at anything but last week the tiny isle became the largest producer of electricity from off shore wind farms in the world. In fact according to an article in the Financial Times, Britain now generates more power from off shore wind than the rest [...]