The “Rare Earth Metal Scare, if we can agree to call it that, has lit a fire under some Japanese global corporations when it comes to securing raw material supply. The Ëœalleged’ rare earth export ban from China has put at least two Asian countries in high gear to kick-start a full-blown global sourcing strategy. [...]
In the midst of the TSA hubbub, with countless pundits decrying the security authority’s all-out attack on citizens’ personal freedoms — feeling passengers up, peeping their nude bodies through scanners, breaking urostomy bags, etc. the country’s Libertarian party mourns the loss of their co-founder, David F. Nolan, who died recently in Arizona at 66. Nolan [...]
In a typically frank interview, with Kamal Ahmed of the Telegraph this weekend, Jim O’Neill, the new chairman of Goldman Sachs Asset Management (GSAM), mapped out his view of currencies and the US economy. Turning his attention first to the euro and European debt worries, O’Neill’s opinion was ‘we probably haven’t seen anything yet.’ He [...]
Despite worries about Irish and Club Med country debt and auto sales continuing to decline across Europe, in some cases back to levels seen in the 1990s according to an AFP article, steel producers still plan to raise prices as the year ends. A Steel Business Briefing note advised most medium section mills are sold [...]
Though recently MetalMiner has covered many aspects of the aluminum market, we often encourage alternative points of view in particular, alternative global points of view. A frequent commentator on this site, Paul Adkins, has one such alternative point of view regarding some of the happenings within the Chinese aluminum market. Paul should know because he [...]
A Reuters US article reported earlier this week of how the copper price fell after the release of figures showing Chinese imports of refined copper had fallen. The fear is China’s economy is cooling after imports fell nearly a third in October, fueling concerns that credit tightening is rapidly cooling demand. However, local analysts blamed [...]
In the wee hours of Friday morning, an angry mob of shoppers trampled 12 people including other mob members as they stampeded their way into an O’Real Steel superstore. Source: AP Having heard wind of bargain-basement prices for HRC and CRC, the sale-crazed metals buyers lined up as early as 3 a.m. outside the Pequot, [...]
As the cold air settles in here in Chicago and we each contemplate a Thanksgiving meal with our families, we here at MetalMiner would like to take the time to thank each and every one of you, whether this represents your first visit or your 100th for your loyalty, support, commentary, emails etc. With your [...]
