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04.08.26 - 11:21
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Iron Ore Below $100 As UBS Warns "Fundamentals Are Deteriorating" (ZeroHedge)
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Iron Ore Below $100 As UBS Warns "Fundamentals Are Deteriorating"
Iron ore futures in Singapore fell to their lowest intraday level in one year as deteriorating fundamentals continued to weigh on the market.
Steel demand in China remains soft amid an ongoing construction slump and weakening mill margins, while supply continues to increase, reinforcing expectations of a growing surplus.
Bloomberg noted earlier that the latest concerns surrounding major physical trader Radiant World added another layer of uncertainty, but the bigger bearish narrative remains centered on lackluster demand failing to absorb rising supply.
The outlet adds more color:
Vitol Group and Cargill Inc. have stopped doing business with Radiant World, a privately held company, amid concerns over fake invoices, Bloomberg News reported on Friday.
In addition, Intesa Sanpaolo SpA and Jefferies Financial Group Inc.'s Point Bonita fund were reviewing exposures to the company.
Radiant World — which has grown in rece...
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04.08.26 - 10:06
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The EU & The Iron Law Of Oligarchy (ZeroHedge)
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The EU & The Iron Law Of Oligarchy
Authored by Stephen Soukup via American Greatness,
Along, long time ago—27 years, to be exact—my boss (the inimitable Mark Melcher) and I predicted that the European Monetary Union would be the death of the EU. The Euro, we wrote for our clients at a now-defunct big brokerage house, would be a disaster and would destroy everything that the post-war Europeans had spent the previous several decades working to build. Specifically, we wrote:
Psst! You wanna know a secret? The Euro, and the mess it represents, is going to be a social, economic and political catastrophe. Indeed, we think it is probable that the adoption of the Euro will be to 21st century Europe, what the killing of the Archduke Franz Ferdinand was to 20th century Europe; i.e., that point in time when history will record that the unraveling began in earnest.
Exaggeration? Hyperbole? Well, maybe. But maybe not. You see, the problem isn't, as most critics claim, simply that the “policy mak...
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04.08.26 - 09:54
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Nippon Steel Turns To Profit In Q1 (AFX)
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TOKYO (dpa-AFX) - Nippon Steel (5401.T) reported first quarter profit attributable to owners of the parent of 75.299 billion yen versus a loss of 195.833 billion yen in the prior-year quarter. Dil......
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04.08.26 - 05:21
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"We Use Thicker Steel": Security Firm Fortifies HVAC Units Against Thieves (ZeroHedge)
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"We Use Thicker Steel": Security Firm Fortifies HVAC Units Against Thieves
Copper wiring, light poles, catalytic converters, copper gutters, and even Tesla charging cables have long been targets for thieves.
But in crime-ridden metro areas governed by progressive or reformist socialist city halls that have adopted softer enforcement policies, where lefty prosecutors are perceived as unwilling to pursue property crimes, criminals have become increasingly emboldened.
They have moved beyond stealing industrial metals to taking entire outdoor HVAC units, prompting some homeowners and businesses to install heavy steel security cages around their condensers.
An Atlanta-based company called Ornamental Security published a viral Instagram video titled "Securing Your HVAC System," highlighting what appears to be a growing trend among homeowners: installing metal cages over outdoor condensers to prevent theft.
Ornamental Security's Instagram video was later reposted on X by Everythi...
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04.08.26 - 05:06
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MediaTek sees SerDes 448G as copper′s final battleground (Digitimes)
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The question of where the limits of cloud AI high-speed interconnects will fall has been a major market focus over the past six months. MediaTek addressed the issue for the first time in its 2026 second-quarter earnings call, saying its work on the more advanced SerDes 448G specification is roughly halfway complete....
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