Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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When the genie gets out of the bottle it is hard to put her back.
European data on Friday showed record inflation in Germany, France, and Italy, with figures due on Monday expected to show an all-time inflation top of 10.3 per cent for the entire eurozone.
Germany’s headline consumer price index struck an annual rate of 11.6 per cent in October, well above economists’ forecasts of 10.9 per cent. Italy’s raced to 11.9 per cent, against 9.5 per cent expected, and France’s rose to 7.1 per cent, topping forecasts for 6.5 per cent.
Meanwhile, economists said the full effect of inflation in the eurozone had not yet reached consumers and was likely to stay in double-digit territory for some time, keeping pressure on the ECB to keep raising interest rates.
“We think that the ECB focus on the likelihood of recession, the assessment of the 200 basis points of tightening so far, and the typical lag in monetary policy transmission all warrant some caution going forward,” said Fabio Bassi, chief European rates strategist at JPMorgan.
It is rather amazing to see the lift in theprice of common household items, the rising of taxes (or attempts), the incredible price rises in commodities, and energy, the freezing of salaries (been going on for a long time unless you are in IT) and the stupidity of the ruling classes in listening to the dicates of the chattering classes now amplified and distorted by social and mass media to the point of being deafening and stupifying.
We have people roaring about renewables when we do not have the metal supply from the mines (which have not been found) to make this happen, let alone make it happen according to the all in costing which has not been released. IN Oz we have sample supplies of gas, uranium, clean coal, sunlight yet we dont have access ot the gas we own (its all been privatised withthe notable exception of West Australia) and we are not allowed to develop a nuclear industry because of reasons which are not clear (depsite royal commisiosn to investigate and recomend that we do?!) - not enough work done? http://nuclearrc.sa.gov.au/app/uploads/2016/02/NFCRC-Tentative-Findings.pdf
Back onto the mines of the future for the energy of the future, apart form the fact they have not been found yet.
The latest IEA market analysis highlights the fundamental disconnect between fantasy and reality when it comes to renewable energy targets. The report concludes that the industry needs to build 50 more lithium mines, 60 more nickel mines and 17 more cobalt mines by 2030 to meet global net carbon emissions goals. All this in an environment where it is becoming increasingly problematic to develop new mines in many parts of the world
https://nabtrade.podbean.com/e/is-the-commodities-boom-here-to-stay/
Mind numbing leadership, is the new global pandemic issue (again).
New idea: Lets have a war with China?
the gnome
The genie is back in the neck of the bottle now in the US and will soon be in the main bottle, and the cork then on top. FED time Weds, and the markets expect 75, 50 then 50or25... here's hoping.
US drives whether we like it or not...
The Melbourne Cup Day (dedicated to horses) increase in interest rates (dedicated tohouseholds?) was inline with expectations (except my betting was astray and I lost the lot) and means the overnight cash rate has leapt from 0.1 per cent to 2.85 per cent since early May, the fastest tightening cycle in almost 30 years! And who would be counting?
Following the shock post-budget 32-year-high inflation result, economists and financial markets upgraded their forecasts for interest rates. Investors are pricing in a cash rate peak of almost 4 per cent by July next year, while leading economists think 3.85 per cent could be on the cards. And why not?
This is well above the 3.35 per cent assumption used to underpin the economic assumptions in Dr Chalmers’ budget, suggesting employment levels and economic growth could be squeezed further than expected.
Well all bets are on the table, and there are various horses you can rule out.
"Economista fristas" (barrier nos 4, odds 6,790,240,562/1), The radical left nag, lovely looking, runs quickly, but often in the wrong direction?,
"Prince Bizmark". (barrier nos 1, odds 26,780,240,329/1), Radical right, vegan, high blood pressure, seems a bit over the top and will get over the top of any young fillY!
"Elsepeth", (barrier nos 69, odds 7,437,212,329/1)has swapped genders every second month and third race, speaks in tongues, and otherwise is good in a party.
and so on and so forth
Great to have a laugh. The alternatives are a bit depressing?
best
the gnome