fertkind.blogg.se - Peruvian flake

China imported 194mt of iron ore over Jan/Feb vs 181.1mt same period 2022.

He questioned whether a transition is possible ‘given the supply tightness’ and called for policymakers to ‘be more efficient in bringing things online.’Ĭhina iron ore imports rise 7.3% for Jan/Feb.

Trafigura’s CEO, Jeremy Weir, has stated that the lack of new copper production coming online is ‘one of my biggest fears with this energy transition.’.

Trafigura warns of lack of copper threatening energy transition

Please note, we do not encourage investors to profit from conflict.

Ideally, care for the environment would take precedent but while the Putin’s of this world remain at large we suspect metal demand for ordinance will take priority.

Increased demand for the replacement of ordinance, tanks, etc… will compete with new demand for wind farms, EV and other green energy initiatives.

But it is worth pointing out that the metal ordinance and machinery being scrapped in Russia’s Special Military Operation will be replaced in future years.

Metal demand – Ukraine conflict to increase demand for metals as world transitions towards green energy

Gold miners suffered as a result, with S&P/TSX Gold Index falling nearly 4%.

ETFs have now slashed holdings by 2% this year.

Gold ETFs slashed holdings by 226.4koz yesterday, marking 6 straight days of selling.

The dollar strengthened on the back of the testimony, whilst the short duration treasury bonds hit their highest level since 2007, reducing the appeal of non-interest-yielding bullion.

The Comments saw a major repricing of hike expectations, with the market now expecting a 50bp rate hike at the Fed’s meeting this month.

Powell noted that ‘the latest economic data have come in stronger than expected,’ highlighting the Fed’s ability to ‘increase the pace of rate hikes’ to calm inflation.

Gold prices fell $40/oz to $1,810/oz on the back of Powell’s testimony.

Gold slides as Powell triggers expectations of larger rate hikes

Peruvian copper production fell 1.6% in Jan vs a 19% increase in December.Chilean copper production climbed in January with a yoy increase of 2.9% to 438kt as Codelco ramped up production to 127kt (a 5.1% yoy jump).

Prices are also sliding over expectations of a wave of halted concentrate shipments to Chinese smelters from Peru, as protests against Castillo’s impeachment in December have calmed.Suspicions of subdued Chinese demand for refined copper was confirmed in a data release yesterday, which highlighted muted inflows of industrial-quality copper.The move lower followed Powell’s hawkish rhetoric before Congress, which pushed the dollar higher and weighed on commodities across the board.Copper fell to $8,775/t, now down 6% from highs reached in February.Resolute Mining Ltd (ASX:RSG, LSE:RSG) – Syama North exploration helps deliver mineral resource and reserve growth.Ĭopper weakens on stronger dollar and continued concerns over Chinese demand Red Rock Resources PLC (AIM:RRR) – Plans for Zimbabwean lithium ore production progress. Rambler Metals and Mining PLC (AIM:RMM, TSX-V:RAB)* Suspended – Court decision expected today following ‘Comeback Hearing’ in Canada Greatland Gold PLC (AIM:GGP, OTC:GRLGF) - Scallywag exploration results identify multi-element geochemical anomalism MiFID II exempt information – see disclaimer belowĪnglo American PLC (LSE:AAL) – De Beers - Second sales cycle of the year sees continuing rough diamond apetite Wednesday 08 03 23Ĭopper weakens on stronger dollar and lower Chinese imports in January and February Glad I never got hooked, and glad I put that shit down years ago too.SP Angel.

17 years ago I became a member of the zipper chest club as a result of everything I did up until then.įor sure.I just dabbled on the weekends here and there during my college days. Nothing like it, and yes - you want more, more, more. (12-03-2015, 11:32 AM)wildcats forever Wrote: You nailed it previously - it's the 20 minute launch that reels you in. Now ecstasy? i can see how people would get hooked on that. I have no idea how people get addicted to it. Everything they say is true.lasts 20 mins feels e down feel like a skank.need more.start dipping into the wallet again.feel dirty as a 2 dollar hooker when you are done.can't oss. (12-03-2015, 10:02 AM)bengal_fan_in_toronto Wrote: you aren't missing anything. Kinda coincidental because that's what its cut with most of the time. crushed up aspirins would be as close as it gets looks wise. i think that's what they use in movies but it doesn't look like that. I've never seen it as a pure powder like flour or something. then put a bill over it and run a credit card back and forth over the bill to break it down as much as possible.into little crystals. most people smash it down with he bottom of a lighter to break it down. (12-03-2015, 09:59 AM)bengal_fan_in_toronto Wrote: usually comes in rock form but not really hard.