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17.09.26 - 00:21
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Beyond Oil And Gold: Venezuela Readies First US Aluminum Shipment In Years As Resource Race Heats Up (ZeroHedge)
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Beyond Oil And Gold: Venezuela Readies First US Aluminum Shipment In Years As Resource Race Heats Up
Venezuela is emerging as a source of energy and critical materials for the US as the Trump administration expands sourcing channels within the Western Hemisphere. Existing crude trade and a gold supply agreement with Caracas are being paired with efforts to develop broader industrial metal ties, including potential access to nickel and iron ore. That expansion may now include aluminum.
Bloomberg reports 15,000 metric tons of aluminum produced by state-owned Venalum could depart Venezuela by the end of the week under a deal involving Mercuria Energy Group and Heeney.
US officials could announce the deal earlier this week during the G20 energy summit in Houston. Folks familiar with the shipment say it is worth nearly $50 million and would be modest relative to US consumption.
The outlet previously reported that Mercuria and New York-based mining investment firm Heeney are in discussio...
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15.08.26 - 16:06
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Post-Maduro Venezuela Wants Its $4BN In Gold Back From England (ZeroHedge)
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Post-Maduro Venezuela Wants Its $4BN In Gold Back From England
Venezuela wants its gold back. And now with Maduro having been removed and Caracas being essentially a puppet of Washington influence and interests, it has a much better chance at this than ever before.
Venezuela's government and opposition are teaming up to wrest back $4 billion in gold bullion currently locked in the Bank of England's vaults, according to a Friday report by the Financial Times.
Bank Of England/Shutterstock
A freshly issued joint statement confirmed they are actively working "to recover Venezuela's international reserve assets held in the Bank of England."
If successfully repatriated, the funds are slated in part for post-earthquake reconstruction efforts and to soften the blow of years of US sanctions, which still haven't actually been fully lifted.
The funds have been the subject of a lengthy court battle, after since 2018 the United Kingdom has blocked access by denying recognition to Venezuela'...
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