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World Bank denies IMF chief Georgieva's bid for meeting to defend herself -sources

October 26, 2021 / www.kitco.com

WASHINGTON, Oct 26 (Reuters) - The World Bank's board has turned down a request by IMF Managing Director Kristalina Georgieva for a meeting to defend herself against claims that she pressured staff to alter data as the bank's CEO in 2017, according to two sources briefed on the situation.An attorney hired by Georgieva asked for the meeting in a 17-page letter on Friday to the dean of the bank's bo...Read More

Lygend Mining starts trial of second MHP nickel autoclave in Indonesian project

October 27, 2021 / www.metalbulletin.com

Chinese nickel products producer Lygend Mining has started trialing its second autoclave for mixed hydroxide precipitate (MHP) at its Halmahera Persada Lygend (HPAL) project in Indonesia, it said on Sunday October 24. The move is part of the project's first phase of operations, which has a target capacity of 36,000 tonnes of MHP. The first autoclave has been in production since May.A second phase,...Read More

Computer mouse maker Logitech hit by supply chain problems

October 26, 2021 / www.kitco.com

(Reuters) -Logitech International SA shares plunged 6% on Tuesday after the computer peripherals maker reported a steep fall in operating profit and said it was facing "unprecedented" supply chain problems.The maker of keyboards, mice and headsets became the latest company to warn about the difficulties getting enough semiconductor chips due to clogged up transport links and stuttering factory res...Read More

Bids hit $2,350/dmt in Pilbara Minerals' third spodumene auction

October 27, 2021 / www.metalbulletin.com

Bids for spodumene concentrate reached $2,350 per dry metric tonne (dmt) on Tuesday October 26, at Pilbara Minerals' third auction via its Battery Material Exchange (BMX) platform, sources told Fastmarkets.The bids were for 10,000 dmt of spodumene concentrate (SC 5.5%) on an fob Port Hedland basis, with shipment in February 2022, according to market participants. The previous...Read More

IN CASE YOU MISSED IT: 5 key stories from October 26

October 27, 2021 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Tuesday October 26 that are worth another look.A decision by the European Union on the future of the bloc's scrap metal export trade, which is worth billions of euros per year, could come as early as December this year, the Bureau...Read More

EU tech rules should curb cloud computing providers, study says

October 26, 2021 / www.kitco.com

BRUSSELS, Oct 26 (Reuters) - Draft EU rules to curb the power of Amazon (AMZN.O), Apple (AAPL.O), Alphabet (GOOGL.O) unit Google and Facebook (FB.O) should also tackle providers of cloud computing services for possible anti-competitive practices, a study said on Tuesday.The report comes amid concerns that some EU lawmakers who are reviewing the Digital Markets Act (DMA) proposed by EU anti...Read More

ECB's Villeroy calls for mandatory disclosure of climate risks

October 26, 2021 / www.kitco.com

PARIS (Reuters) - ECB policymaker Francois Villeroy de Galhau said he hoped it would become compulsory for all corporates everywhere to disclose climate-related risks but that for this to be effective there would need to be internationally harmonised frameworks.Villeroy, who is the governor of France's central bank, said it was imperative policymakers were able to better understand and forecast th...Read More

GULF FLAT STEEL IMPORTS: Offer prices down after China futures crash

October 27, 2021 / www.metalbulletin.com

Flat steel import prices into the United Arab Emirates and Saudi Arabia decreased or were unchanged during the week ended Tuesday October 26, with only one deal heard, sources told Fastmarkets.Offer prices decreased from India during the week, and Saudi Arabia also offered hot-rolled coil at reduced prices to the UAE."Everyone is in wait-and-see mode," one trader said. "With the Chinese futures ma...Read More

Canada PM Trudeau shuffles cabinet, names new environment minister

October 26, 2021 / www.kitco.com

OTTAWA, Oct 26 (Reuters) - Canadian Prime Minister Justin Trudeau on Tuesday shuffled his cabinet, naming long-time green activist Steven Guilbeault as environment minister and also naming new ministers of foreign affairs and defense.Trudeau, who won reelection for the second time on Sept 20, was forced to make changes after three cabinet ministers were defeated and another quit. (Reporting by Dav...Read More

Low incomes, high inflation drive convenience store growth across Russian retail

October 26, 2021 / www.kitco.com

MOSCOW, Oct 26 (Reuters) - A mix of low incomes and rising inflation is stifling purchasing power in Russia while driving growth of discounters and convenience stores in the retail sector that could soon produce Russia's largest IPO in years.Low-cost retailer Fix Price raised around $2 billion in a London listing in March and the next Russian retailer to stage a market debut will likely be Mercury...Read More

AT A GLANCE: NLMK Q3 sales down by 4% due to steel output reduction

October 27, 2021 / www.metalbulletin.com

A summary of the operational results for Russia's largest steelmaker, Novolipetsk Steel (NLMK), which also has assets in Europe and the United States, for the third quarter (July-September) of 2021In brief?EUR? In the third quarter, NLMK's consolidated sales decreased by 4% compared with the second quarter, to 4.1 million tonnes amid steel output reductions at its Russian flat steel division.?EUR?...Read More

Didi's ride hailing rival T3 raises $1.2 billion to expand

October 26, 2021 / www.kitco.com

BEIJING (Reuters) - T3, a Chinese ride-hailing company backed by state-owned automakers FAW, Dongfeng and Changan said on Tuesday that it had raised 7.7 billion yuan ($1.2 billion) to fund expansion.T3's funding round comes as ride-hailing companies step up efforts to take market share from China's ride hailing market leader Didi Global Inc which is facing a cybersecurity investigation by Chinese...Read More

George Gammon's Channel Has Been Removed From YouTube

October 26, 2021 / marketsanity.com

George Gammon - Twitter, Released on 10/26/21Rebel Capitalist channel has been removed by @YouTube. I received no warnings, no strikes, no evidence. Just email saying it was removed.Only explanation was "severe or repeated violations of community guidelines."Makes no sense? Was very careful to follow rules. pic.twitter.com/cxMZQulrJz- George Gammon (@GeorgeGammon) October 26, 2021 George Edward Ga...Read More

Gerald Celente: UNITE & JOIN The Universal Church of Freedom, Peace and Justice & Sign Up for Your Vax Exemption

October 26, 2021 / marketsanity.com

Talk Digital Network, Released on 10/26/21Sign up at https://www.freedompeacejustice.com/Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a p...Read More

Biden joins U.S.-ASEAN summit Trump skipped after 2017

October 26, 2021 / www.kitco.com

WASHINGTON/BANDAR SERI BEGAWAN, Oct 26 (Reuters) - U.S. President Joe Biden joined Southeast Asian leaders for a virtual summit on Tuesday, the first time in four years that Washington has engaged at the top level with a bloc seen as key to countering an increasingly assertive China.The United States had not met with the Association of Southeast Asian Nations at the presidential level since Biden'...Read More

Chris Martenson: Federal Reserve Has Stolen Our Future (Middle Class Destroyed On Purpose)

October 26, 2021 / marketsanity.com

Peak Prosperity, Released on 10/26/21In this video Dr Martenson breaks down the immense personal and institutional failures of the US Federal Reserve, connecting them broadly to the failures of the FDA, the CDC, NIH, Fauci and the mainstream media. Why should you care? Because the imminent economic crisis that's coming will be extremely damaging. It will have the same root as the many Covid policy...Read More

Mike Maloney: 6 Charts Predict Economic Implosion - How YOU Can Take Cover

October 26, 2021 / marketsanity.com

Gold Silver (w/ Mike Maloney), Released on 10/26/21Join Mike Maloney and Jeff Clark in this must-watch update as they discuss six important charts from a recent article published by Crescat Capital. As you'll see, many of Mike Maloney's early predictions are not only coming true...but they are becoming 'mainstream'. Where does it all lead, and what is the best way to protect yourself from what is...Read More

Jordan Roy-Byrne: Gold Technical Analysis Commentary

October 26, 2021 / marketsanity.com

The Daily Gold, Released on 10/26/21Gold needs to takeout $1835 to have a bullish outlook. In that scenario it could test $1900 and base above long-term moving averages ($1795, $1815) and that $1830-$1835 level. Monthly resistance is at $1825 and $1900. Those are key levels dating back to 2011. Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association....Read More

Lyn Alden: Bitcoin crashed last time it hit an all-time high, what about this time?

January 01, 1970 / marketsanity.com

Kitco News, Released on Released on 10/26/21Last time Bitcoin hit an all-time high in 2017, the price corrected and stayed flat for 2 years before regaining momentum in 2020. What will happen this time?0:00 - Stagflation2:51 - Biggest macroeconomic risks7:59 - Inflation hedges14:15 - Bitcoin20:00 - Crypto winter bitcoin, economy, inflation, lyn aldenLyn Alden: Bitcoin crashed last time it hit...Read More

David Erfle: Gold Will Be Off To The Races When We See This...

October 26, 2021 / marketsanity.com

MiningStockEducation.com, Released on 10/26/21Pro mining investor David Erfle provides his commentary on the gold price and junior gold stock sector. David Erfle is a self-taught mining sector investor. He stumbled upon the mining space in 2003 as he was looking to invest into a growing sector of the market. After researching the gains made from the 2001 bottom in the tiny gold and silver complex,...Read More

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