Palladium, Platinum Soar After London Market Blocks Russian Products
• https://www.zerohedge.com by Tyler DurdenFirst Russian gold and silver, then diamonds, now platnium and palladium.
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First Russian gold and silver, then diamonds, now platnium and palladium.
The price of nickel went up even before Russia invaded Ukraine, reflecting the increasing demand for electric vehicle batteries and stainless steel. The price soared after the war started, since Russia produces 23 percent of the world's high-qualit
A halt in trading of the commodity nickel earlier this month in response to massive manipulation by a Chinese investor provided fresh evidence that "the markets" aren't real at all...
Nickel Halted Limit Up Again As Chinese Tycoon Begins Covering Giant Short, Sparking Fears Of Another Mega Squeeze
It appears that JPMorgan has finally reached a deal to bail out the Chinese tycoon which is also its biggest Nickel short counterparty.
Yesterday, I had a chance to interview, both on paper and via podcast, my friend Andy Schectman, President & Owner of Miles Franklin Precious Metals, a company that has done more than $5 billion in sales.
Diamonds are created from THIN AIR: Startup draws carbon dioxide from the atmosphere to make stunning gems that are physically and chemically identical to those that are mined
Until yesterday, it appeared that a bailout plan for Chinese stainless steel titan Tsingshan Holding Group owned by "Big Shot" Xiang Guangda (and which was facing an $8 billion nickel margin call following the explosive surge in Nickel prices which
Two days ago we reported that while "plain vanilla" commodity producers such as coal giant Peabody had no choice but to pay up on their commodity margin calls (which they funded with an expensive, 11%, Goldman credit facility), others such as Chinese
As the world transitions towards electric vehicles and cleaner energy sources, nickel has emerged as an essential metal for this green revolution.
The nickel market just broke and a Chinese producer took a $5 billion margin call hit.
Palladium briefly reached a record high of $3,440 on Monday amid fears of supply disruptions in the wake of an escalating Russia-Ukraine crisis.
Nickel prices soared as much as 82% to $52,700 a metric ton, the highest in the 35-year history of the contract trading on the London Metal Exchange, as fears over Russian supplies triggered a historic short squeeze according to Bloomberg.
As we kick off the year of the tiger, commodity and energy prices are roaring to life. It's the perfect time to look at the charts and see if precious metals are about to break out or are we just scratching the surface.
This is an interview with Andy Schectman, President & Owner of Miles Franklin Precious Metals, a company that has done more than $5 billion in sales.
The purchasing power of the dollar is constantly in flux, but the purchasing power of precious metals has remained stable throughout world history making them the best store of value to protect your wealth from inflationary trends
Rare earth elements are a group of metals that are critical ingredients for a greener economy, and, as Visual Capitalist's Nicholas LePan details below, the location of the reserves for mining are increasingly important and valuable.
We frequently get asked by our customers what they should buy in case the dollar should crash or would no longer be welcome in the marketplace. Given recent monetary policy, a US Dollar crash no longer seems as unlikely a scenario as it once was.
This is Part 1 of an exclusive interview with Doomberg, the collective that runs the Doomberg Substack. During this interview series, we discuss oil, Bitcoin, the coming Fed chair swap, fiscal policy, politics, uranium and more.
Covid has interrupted mining, including mining of copper. Copper has doubled in price since April of last year. Copper is in all electronic systems.
Lithium is one of the most in-demand commodities in the world today.
Aluminum prices on the London Metal Exchange hit a 10-year high Tuesday, extending a year-long vertical surge as demand rebounds and supply shrinks, as smelters in top producer China faced tougher power controls, stoking supply worries for the energy
It's been more than a decade since we penned "The US "Discovers" Nearly $1 Trillion In Mineral Deposits In Afghanistan" in which we highlighted the colossal untapped mineral deposits that reside in Afghanistan.
For electric planes to really take off and for electric cars to travel far longer distances between charges, we'll need batteries that pack far more energy without becoming prohibitively heavy.
It's hard work being a farmer, that is until you pull a half-ton sapphire out of the ground while digging a well… Then it's pretty incredible being a farmer.
Industrial metals are plunging this week as global growth risks accelerate and the prospects of reduced US stimulus create global turmoil in markets.
The mining sector has been one of the biggest beneficiaries in the COVID-19 recovery.
When it comes to precious metals investing, gold tends to hog the spotlight. But silver is also important to investors, both as an industrial and a monetary metal.
Star sapphire cluster worth up to $100MILLION is discovered in Sri Lankan man's backyard by workmen digging a well
...time to ignore Dr.Copper once again!?