⛏ U.S. Strategic Petroleum Reserve Falls to Lowest Level Since 1982

"De-Globalization Endgame"
London copper prices are near record highs at the start of the week, reinforcing the supercycle commodity bull-cycle thesis former Goldman Sachs commodities chief Jeff Currie outlined in August: "get long and buckle up." The convergence of tight physical markets, currency debasement and policy intervention is creating conditions for a sustained repricing of scarce resources. Read on »

U.S. Strategic Petroleum Reserve Falls to Lowest Level Since 1982
Crude stocks in the U.S. Strategic Petroleum Reserve stood at 284.6 million barrels for the week ending September 18, according to the Energy Information Administration, down from 285.0 million the week before and 406.0 million a year earlier. Department of Energy data show the reserve fell further the following week, to 283.8 million barrels, the lowest level since October 1982. Read on »

North America is building rare earth plants faster than it is building rare earth engineers
On August 7, as US President Donald Trump hosted mining executives at a roundtable in Washington, representatives of all 14 accredited US mining schools attended a parallel Department of Energy workforce event. They left with the first serious federal funding for mining education in a generation, more than $180 million in total, part of a package of deals the White House put at more than $2 billion and Bloomberg tallied at $3 billion. Read on »