State Wars Bleed a Nation to Death

JPM Warns Strike At Major Chilean Copper Mine Could Deliver "Significant" Production Hit A new potential bottleneck has emerged in the global copper market as London futures hover just shy of record highs amid persistent scarcity concerns. Natalia Corfield, JPMorgan's head of Latin America corporate credit research, wrote in a note earlier today that a strike at Centinela, a major source of Antofagasta's copper production in Chile, has begun and could soon impact production.  "Antofagasta is facing its first-ever strike at the Centinela copper mine in Chile, set to begin this morning after...

Japan Marks Hiroshima Anniversary Without Naming US, While Shaming Russia Russia is not happy with Japan's statements regarding the anniversary of the US military's dropping of the atomic bomb on Hiroshima at the end of WWII. Thursday marks the 81st anniversary of the bombing which obliterated the densely-populated industrial city. The Kremlin is accusing Japanese officials of intentionally dropping any mention of just who dropped the nuke which ultimately killed some 140,000 people, the vast majority of them civilians. The city's mayor Kazumi Matsui at a ceremony held at the center of where the...

President Trump on Monday denied a report from Axios that said he had offered Iran sanctions relief in exchange for nuclear concessions, calling it a “hoax.” “Axios just released a story that ‘Trump’ offered Sanctions Relief and Frozen Funds to Iran. This is untrue. I offered them NOTHING!” he wrote on Truth Social. “Axios’ story, […]