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Metal Shock: Gulf's Largest Aluminum Producer Declares Force Majeure
Metal Shock: Gulf's Largest Aluminum Producer Declares Force Majeure
A little more than a week after Emirates Global Aluminum (EGA), the Gulf's largest aluminum producer, halted operations at its Al Taweelah smelter following Iranian missile and drone strikes, EGA has now declared force majeure on parts of its contract book, signaling that supply chain disruptions are spreading beyond energy markets and into industrial metals.
Bloomberg obtained new documents showing that EGA invoked force majeure clauses to suspend at least some deliveries after Iranian drone and missile strikes damaged the Taweelah smelter...
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Jun 19, 2026 / Tyler Durden
Is The Fed Finally Done Rescuing Markets?
Is The Fed Finally Done Rescuing Markets?
Submitted by QTR's Fringe Finance
GLJ Research’s Gordon Johnson is one of my favorite analysts on the street to read and gets a rare endorsement from me (I hate basically everyone selling sell-side style research) because, like my friend Mark Spiegel, he is one of the last few analysts out there that seems committed to the truth….no matter how ridiculous it makes him look in the short term while he’s waiting for his theses to play out.
Johnson came away from this week’s Fed meeting with a...
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May 13, 2026 / Tyler Durden
Gunfire Erupts Inside Philippine Senate As Former 'Drug War' Enforcer Evades International Arrest Warrant
Gunfire Erupts Inside Philippine Senate As Former 'Drug War' Enforcer Evades International Arrest Warrant
At least a dozen gunshots rang out inside the Philippine Senate building in Manila earlier on Wednesday as police and marines moved to arrest Senator Ronald "Bato" Dela Rosa on an International Criminal Court warrant for alleged crimes against humanity linked to former President Rodrigo Duterte's brutal war on drugs, a campaign that left more than 6,000 suspected drug dealers dead in operations.
Reuters reports that it is unclear who fired the burst of shots inside the...
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Jun 11, 2026 / Tyler Durden
Even 'Trust The Election' Pundits Are Suspicious
Even 'Trust The Election' Pundits Are Suspicious
Authored by J.B. Shurk via American Thinker,
California’s rigged elections are difficult to defend...
California Democrats have rigged another election, and outsider Spencer Pratt has been bumped from the Los Angeles mayoral race. On Election Day, Pratt’s lead over third-place Nithya Raman was so large that she publicly cried over her loss. After a week of mail-in-ballot shenanigans, Raman has surged to secure a coveted spot on the November ballot — a statistical improbability in any jurisdiction familiar with arithmetic and basic ethics.
This “come from behind victory” has made it difficult for the usual election-fraud-deniers...
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