HONG KONG, Oct 13 (Reuters) - The United States has overtaken China to account for the largest share of the world's bitcoin mining, data published on Wednesday by Britain's Cambridge Centre for Alternative Finance showed.The figures demonstrate the impact of a crackdown on bitcoin trading and mining launched by China's State Council, or cabinet, in late May, which devastated the industry and cause...Read More

The phase-two concentrator plant at the Kamoa-Kakula copper mine in the Democratic Republic of the Congo (DRC) is expected to begin full operations ahead of schedule in the second quarter of 2022, joint-venture partner Ivanhoe Mines said on Tuesday October 12."Construction of the phase-two concentrator plant is progressing very well... Based on the pace of the work completed to date, we now expect...Read More

NEW YORK (Reuters) -Goldman Sachs' Chief Operating Officer John Waldron said on Wednesday he believes inflation is the No.1 risk that could derail the global economy and stock markets."Inflation is the single biggest risk out there right now both in terms of the short-term risk it can have on the recovery and the longer-term risk it can have in respect of emerging markets," he said in a conversati...Read More

Here are five Fastmarkets stories you might have missed on Wednesday October 13 that are worth another look.Pipe producer Vallourec and Brazilian tube, bar and stainless steel distributor Grupo A??otubo announced a joint venture to supply steel tubes and pipes to industrial clients.Major zinc producer Nyrstar will cut production...Read More

Having slowed for two straight months, whisper numbers predicted a slightly hotter than expected September CPI (edging up to 5.4% YoY, slightly above the consensus of 5.3%) on the back of a re-intensification of supply-chain bottlenecks due to a combination of natural disasters and COVID disruptions in the US and Asia kept pressure on manufactured goods in September.Headline CPI did indeed come ho...Read More

After an ugly 3Y auction, and a solid 10Y sale yesterday, moments ago the Treasury sold $24BN in a 29 Year-10 month reopening of cusip SZ2 ahead of today's Fed minutes. But if one thought investors would show any nerves about the coming taper in today's auction, boy were they in for a surprise.That's because the auction was nothing short of spectacular: stopping at 2.049%, the aucti...Read More

Higher or more volatile prices for critical minerals such as lithium, cobalt, nickel, copper and rare earth elements could slow global progress toward a clean-energy future or make it more costly, according to the International Energy Agency (IEA).In its World Energy Outlook report released on Wednesday October 13, the IEA said that price rallies for key minerals in 2021 could increase the costs o...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Gran Colombia Gold (TSX: GCM)announced Wednesday that in Q3 2021, it produced a total of 49,848 gold ouncesat its Segovia Operations in Colombia, 3% less compared with 51,555 ounces producedin Q3 2020....Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday October 13.Key drivers The European ferro-titanium price range widened higher in the week to Wednesday October 13 after new deals were reported, although overall trading activity was slow amid muted consumer buying interest. There was industry talk of some lower-priced deals, although sources said these were outliers to typical trad...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Caledonia Mining todayannounced that in Q3 2021, gold production from its Blanket mine in Zimbabwewas 18,965 ounces, a new production record and an increase of 25% on the 15,155ounces produced in the c...Read More

* Graphic: World FX rates in 2021 tmsnrt.rs/2egbfVh* Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv (Updates rates, lead and headline)LONDON, Oct 13 (Reuters) - Sterling edged higher on Wednesday as traders shrugged off data showing weaker-than-expected economic growth in Britain and rising U.S. consumer prices, and focused on bets that the Bank of England will raise inter...Read More

Oct 13 (Reuters) - U.S. central bankers broadly agree they can soon begin reducing their support for the economy, but are divided over how much of a threat high inflation poses, and - more importantly - what they might need to do about it.Some indication of the intensity of that debate should emerge later on Wednesday when the Federal Reserve releases the minutes of its Sept. 21-22 policy meeting,...Read More

NEW YORK/LONDON (Reuters) -The dollar held near a one-year high on Wednesday after U.S. inflation data showed prices rose solidly in September, stoking expectations the Federal Reserve will announce a tapering of stimulus next month, with the potential for rate hikes by mid-2022.The consumer price index rose 0.4% last month, versus a 0.3% rise expected by economists polled by Reuters. In the 12 mo...Read More

Turkish steel producers continued to pay higher prices for deep-sea scrap cargoes on Wednesday October 13, market participants told Fastmarkets.Late on Tuesday October 12, a steel mill in the Marmara region booked a Baltic Sea cargo comprising 12,000 tonnes of HMS 1&2 (80:20) at $470 per tonne and 18,000 tonnes of shredded at $490 per tonne cfr.On Wednesday, a steel mill in the Izmir region paid $...Read More

WASHINGTON, Oct 13 (Reuters) - A global minimum global corporate tax would result in Germany taking several billion euros in additional revenue from domestic taxation, German Finance Minister Olaf Scholz said. (Reporting by Christian Kraemer, writing by Thomas Escritt, editing by Kirsti Knolle) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Ki...Read More

The rise in October's Kanto Tetsugen auction boosted sentiment in the Japanese scrap market and supported export offers from Japan, sources told Fastmarkets on Wednesday October 13. Japan local market pushes export offers higher Vietnam buyers increase bids Chinese buyers in wait-and-see mode due to losses in futuresJapan Offer prices for bulk cargoes of steel scrap from Japan rose again on Wedn...Read More

BELFAST, Oct 13 (Reuters) - Northern Ireland's largest pro-British party said on Wednesday the European Union's proposed measures to ease the transit of goods to Northern Ireland from Britain are a "starting point" but "appear to fall far short of the fundamental change needed".Jeffrey Donaldson, leader of the DUP, said his party "will take time to study the detail of the papers produced" while re...Read More

MEXICO CITY, Oct 13 (Reuters) - Deputy Central Bank Governor Jonathan Heath expects Mexico's economy in 2023 to begin recovering losses from the pandemic, but the expansion will be "relatively slow" due to weak foreign investment flows, according to comments released on Wednesday.Mexico's economy plummeted 8.5% in 2020 due to the COVID-19 pandemic and the central bank, known as Banxico, estimates...Read More

Oct 13 (Reuters) - Dell Technologies Inc (DELL.N) on Wednesday said it will release software designed to help telecommunications carriers manage the computers in their networks, deepening its push to become a major player in 5G technology.Dell has been working to take advantage of an industry-wide movement toward a technology called Open Radio Access Network (O-RAN), where telecommunications car...Read More

(Adds context, WCG's IPO details)Oct 13 (Reuters) - WCG Clinical Inc, a clinical trial solutions company backed by Singapore's sovereign wealth fund GIC, on Wednesday filed to withdraw its initial public offering, joining a list of companies that pulled the plug on their offerings in recent weeks.The company did not give a reason for the withdrawal in its paperwork with the U.S. securities regulat...Read More