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12/01/2023
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By News Editors
Top U.S. banks shut 64 branches in a single week … are you affected?
Think the banking troubles were a thing of the past? (Article republished from WLTReport.com) Back in April/May, when we had 4 bank failures in one week, that was bad. Then things died down for the summer and many people thought all was good again….all was fixed! We told you it wasn’t. In fact, ever since […]
04/07/2023
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By Kevin Hughes
Chinese lithium producers set floor price as demand for the metal drops
China’s top lithium firms agreed to set a floor price for the metal amid dwindling demand, six individuals confirmed. Ten companies – including Tianqi Lithium and Ganfeng Lithium – that met on the sidelines of a conference in the city of Nanchang in Jiangxi province agreed on the lowest minimum price of 250,000 Chinese yuan […]
03/21/2023
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By News Editors
Greyerz – THIS IS IT … The global financial system has started to collapse
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned King World News that people better have an escape plan because the global financial system has started to collapse. (Article republished from KingWorldNews.com) Collapse March 19 (King World News) – Egon von Greyerz, Founder and Managing Parter […]
03/16/2023
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By Belle Carter
Aluminum company Speira closes down German plant
Global aluminum company Speira announced that it will close down its Rheinwerk plant in Germany. According to a Bloomberg report, the closure followed a 50 percent cut in production announced by the company in September 2022. The media outlet added that this serves as “a fresh sign of the damage wrought by an energy crisis that’s […]
03/14/2023
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By Ramon Tomey
Silicon Valley Bank collapse sends investors scrambling toward bonds, gold
The collapse of California-based Silicon Valley Bank (SVB) sent investors scrambling toward bonds and gold to keep their assets safe. SVB failed on March 10 after a bank run depleted its funds. The California Department of Financial Protection and Innovation subsequently seized the bank and put it under the receivership of the Federal Deposit Insurance […]
02/08/2023
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By Belle Carter
Beleaguered Western commodities buyers rely on China’s refined lead, zinc
China became a net exporter of zinc and lead for 2022, which led to analysts pointing out that the communist nation “came to the rescue” of beleaguered Western buyers for both metals. According to Reuters, China exported 116,500 tons of refined lead last year – the highest outflow volume since 2007. It also marked a […]
11/17/2022
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By Belle Carter
Health Ranger Report: John Perez highlights the importance of having silver and gold as crypto collapses
John Perez, also known as the Crypto Nostradamus, highlighted the importance of having actual physical assets such as silver and gold during his recent appearance on the “Health Ranger Report.” According to Perez, the cryptocurrency Bitcoin has collapsed and lost 25 percent of its value. He attributed this to a conspiracy, explaining that investors’ mindsets are […]
09/23/2022
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By Belle Carter
Lockdown aftermath: Chinese copper giant hits liquidity crisis
One of China’s most influential commodities traders has recently asked for government and financial institutions’ help after liquidity issues hit him hard. He Jinbi, founder and chairman of Xi’an Maike Metals International Ltd., is now suffering a liquidity crisis, and his empire is under threat. The company handles a million tons of copper a year, amounting to a […]
09/15/2022
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By Ethan Huff
SANCTIONS BACKFIRING: European manufacturers closing up shop due to skyrocketing energy costs
There is a pretty good chance that Europe is done for as it pertains to manufacturing. The soaring cost of energy has made it prohibitively expensive for primary-metals producers and other heavy industries to continue doing business across the continent, which is boycotting Russian energy over Vladimir Putin’s invasion of Ukraine. Anti-Russia sanctions have all […]
09/13/2022
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By Ethan Huff
Return to the Dark Ages: European steel, metals industries plead with EU to stop de-industrializing the continent with its sanctions against Russia
Dozens of relevant stakeholders sent a letter to European Commission President Ursula von der Leyen, European Council President Charles Michel, and several others in key position of power calling on them to take immediate action to “prevent permanent deindustrialisation from spiralling electricity and gas prices.” Western sanctions against Russia have made it prohibitively difficult for […]
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