By Keith WeinerMoney has a dual function. Please allow us to go deeper, and more philosophical than we typically do. We promise to tie this into our ongoing discussion of capital consumption. In the following, we will discuss some examples that use the dollar. We are not conceding that the dollar is money (i.e. the most marketable good, or the extinguisher of debt). We just need some simple case...Read More

Export prices for hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States have moved down again over the past seven days, with deals being reported at lower prices after mills cut their prices last week.Metal Bulletin's weekly price assessment for CIS-origin HRC exports was $540-575 per tonne fob Black Sea on Monday May 21, widening from $550-570 per tonne a we...Read More

Jonathan Tepper (@jtepper2), chief editor of Variant Perception, and @John_Hempton, chief investment officer of Bronte Capital Management, share their macro and micro expertise on corporate concentration and corporate fraud.2:09 How do managers contend with increasing industry consolidation?8:51 "A time of disruption", while barriers to entry rise12:04 Summertime for corporate fraudJames "Jim" Gra...Read More

By Jeff Thomas of International ManSnollygoster is an archaic term for:"A fellow who wants office, regardless of party, platform or principles, and who, whenever he wins, gets there by the sheer force of monumental talknophical assumnancy."All right, that's a rather antiquated definition, but then, "snollygoster" is a very antiquated term. It hasn't been in use since the mid-1800's.Another defin...Read More

China's domestic hot-rolled coil prices remained unchanged on Monday May 21 amid subdued demand. Domestic Eastern China (Shanghai): 4,250-4,270 yuan ($666-669) per tonne, unchanged Northern China (Tianjin): 4,090-4,110 yuan per tonne, unchanged https://www.metalbulletin.com/My-price-book.html?Price=42402 Losses in the futures market resulted in buyers keeping their procurement rates low during the...Read More

The amount of initial coin offerings, or ICOs, has risen dramatically in the past couple of years as more companies flock to the new and controversial way to raise capital.Continue...Read More

The price of gold moved considerably lower in the past several weeks, despite the pause that we saw in the final part of the previous week. The yellow metal moved below $1,300 and confirmed this move by several daily closes below it. Moreover, gold confirmed the breakdown below the rising medium-term support line that's based on the daily closing prices of December 2016 and December 2017 lows. C...Read More

Ukraine's ArcelorMittal Kryvyi Rih is preparing to resume production of pig iron and steel after the stoppage last week that was caused by railroad department workers going on strike, the company said in a press release on Monday May 21.The strike began on May 16 and paralyzed the production process at the mill. Locomotive operators, assistant operators and shunting operators refused to work on th...Read More

Xing was 19.9%-shareholder CGN Mining's nominee on the board, an entitlement the company gained when it increased its interest in Fission in January 2016 by subscribing to a number shares for C$82 million (US$58 million at the time).CGN nominated its CFO and executive director Chen as Xing's replacement.Chen has 22 years' experience in the financial field and previously held senior roles with CGNP...Read More

Import prices for rebar in Singapore picked up some strength over the past week on steady buying among end-users.A position cargo of Chinese materials was heard to have been traded at $560 per tonne cfr Singapore. There was also market chatter about traders securing Middle East-origin rebar around $560-565 per tonne cfr Singapore via tender, with about 15,000-20,000 tonnes of the product to be off...Read More

Continue...Robert Shiller is an American economist, academic, and best-selling author. He currently serves as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management's International Center for Finance. Mr. Shiller has been a research associate of the National Bureau of Economic Research (NBER) since 1980, was Vice President of the American Economic Ass...Read More

SHANGHAI, May 21 (SMM) – Shandong's industrial production will face a series of restrictions in the following month as Shanghai Cooperation Organisation (SCO) Summit will be held in Qingdao on June 9. From May 20 to June 20, construction sites within 100 km of Qingdao will be completely suspended; steel plants within 300 km of the city have been required to cut 40-50% of their...Read More

CENTENNIAL, Colo., May 21, 2018 - Westwater Resources, Inc. (Nasdaq: WWR) (the "Company"), a U.S.-based energy materials company focused upon the exploration and development of new sources of graphite, lithium and uranium, commented today on the U.S Department of Interior's Critical Minerals List. For reference purposes, a full text of the Critical Minerals List can be found on the Federal Regis...Read More

At the La Hueca project, two new copper targets were discovered on the western side, with channel chip sampling returning 17.3m at 3.87% copper, 0.46g/t gold at one, Target 5, including 6m at 9.39% Cu and 0.98g/t Au.A total of 50 rock samples were collected from the second target, Target 6, and sent for analysis, with teams collecting additional samples and prospecting new streams. At the Por...Read More

I have long lamented the incessantly click-bait "gold ready to explode higher any day" and "silver Continue...Read More

China's domestic rebar prices continued to decrease on Monday May 21 on weak trading activity amid losses in the futures market.Domestic Eastern China (Shanghai): 3,950-4,000 yuan ($619-627) per tonne, down 20 yuan per tonne Northern China (Beijing): 3,890-3,920 yuan per tonne, down 10-20 yuan per tonne The weakness in the futures market during the day resulted in buyers taking a wait-and-see appr...Read More

SHANGHAI, May 21 (SMM) – China’s nonferrous metals futures closed higher except for aluminium and nickel on Monday May 21. Lead led the gains with a rise of over 1.4%, zinc grew nearly 1.1%, tin rose almost 0.8%, and copper inched up.Ferrous metals dropped across the board with iron ore leading the loss and closing 3% lower. Coke fell nearly 2%, hot-rolled coil and rebar lost over 1.8%...Read More

The PEA outlines an openpit mine for the gold camp with preproduction capex of US$380 million, an after-tax NPV (5% discount) of $367 million and an IRR of 25% with a 2.8-year payback.It estimates an average annual production over the initial 10 years of the 11-year mine-life of 188,500 ounces, at an all-in sustaining cost of $595/oz over the life of mine.President and CEO Phillip Walford said the...Read More

RAPAPORT... Stornoway Diamond Corporation has reduced its production-and-salesexpectations for this year, as its shift to underground mining has resulted in lowergrades.The company now plans to produce between 1.35 million and1.4 million carats from its Renard mine in Canada in 2018, a drop from its initialforecast of 1.6 million carats, it said in a statement last week. It alsolowered its project...Read More

After a strong first quarter of 2018, when more ferrous scrap produced in the United States was bought both at home and abroad, it appeared that the country's scrap sellers were well placed to fend off buyers' attempts to push market prices downward.Price increases in the US domestic scrap market, combined with increasing mill capacity utilization rates and an 80% bounce in US scrap export volumes...Read More