News

Materials and Mining

Reuters | Equities.com |

WASHINGTON (Reuters) - The United States on Thursday blacklisted four steel, aluminum and iron companies operating in Iran’s metals sector, as well as sales agents of Iran’s largest steel manufacturer it said generate tens of millions of dollars for Tehran’s metals industry. The Treasury Department said in a statement it imposed sanctions on Tara Steel Trading GmbH, a Germany-based subsidiary of Mobarakeh Steel Co, three United Arab Emirates-based sales agents majority owned by the stee...


Frank Holmes | Equities.com |

“I think there is a strong likelihood we will need another bill.” That’s according to Treasury Secretary Steven Mnuchin, who supports additional fiscal stimulus to combat the economic impact of the novel coronavirus—within reason.The secretary’s statement comes after the House passed a record-shattering $3 trillion relief package, though leaders in the Senate have said they will not put it up for a vote. Senate Majority Leader Mitch McConnell has made it clear that the next coronavirus ...


Reuters | Equities.com |

The United States wants to curb its reliance on China for specialized minerals used to make weapons and high-tech equipment, but it faces a Catch-22. It only has one rare earths mine - and government scientists have been told not to work with it because of its Chinese ties. The mine is southern California’s Mountain Pass, home to the world’s eighth-largest reserves of the rare earths used in missiles, fighter jets, night-vision goggles ...


Reuters | Equities.com |

(Reuters) - Barrick Gold expects a 8.5% drop in first-quarter gold production, it said on Thursday, as the COVID-19 pandemic forced miners to scale back operations and shutdown mines. The mining industry has been bracing for a prolonged drop in commodity prices and has been worried that the coronavirus outbreak could fuel a rare simultaneous drop in both supply and demand for metals used to power the global economy. Barrick said it expects gold output of 1.25 million ounces for the first qu...


Reuters | Equities.com |

Oil fields from Texas and New Mexico to Oklahoma and North Dakota are going quiet as drilling halts and tens of thousands of oil workers lose their livelihood.


Frank Holmes | Equities.com |

This could be an opportunity for bargain hunters.


Ivan Martchev | Equities.com |

There is a record amount of dollar borrowing, primarily by emerging market economies.


Jared Dillian | Equities.com |

This is the benchmark we should be using for the next 10 years and beyond.


Frank Holmes | Equities.com |

If we can substantially slow the rate of infection and flatten the curve, I believe the economy will recover strongly, and stocks will follow.


Frank Holmes | Equities.com |

There's a sector that Warren Buffet likes, but no one knows the full economic ramifications of this virus yet.