Miscellaneous News

gelgoog

Lieutenant General
Registered Member
But not enough to support its allies or else they wouldn't be whining about supply-chain problems.
There are plenty of places to mine in the Western sphere of things. It is just that it takes many years to begin operations in a mine. It might take 5 years. But the thing is, even if they open the mines, quite often they do not have the capacity to process the ores either. So add another 5 years to that. It would easily take a decade to replace production if not more.

In the case of production of titanium metal I have heard it takes like 10 years to do a proper production facility so it is even worse.
 

baykalov

Senior Member
Registered Member
Key Points From Russia-China Joint Statement:
-
Russia and China oppose all unilateral sanctions imposed bypassing the UN Security Council
- Russia and China do not accept attempts to import "color revolutions" and external interference in the affairs of Central Asia
- Russia and China say there can be no winners in nuclear war, should never be unleashed
- Russia and China urge to avoid the degradation of the crisis in Ukraine and its transition into an uncontrolled phase
- The Russian Federation and China intend to support the protection of each other's interests, first of all, sovereignty, territorial integrity, security
- Russia and China opposed the deployment of nuclear weapons outside the possessor countries. All nuclear powers should not deploy nuclear weapons outside their national territories and should take out all nuclear weapons deployed abroad
- Russia and China call on NATO to respect sovereignty and interests of other states;
- Russia, China express great concern over strenghtening of NATO's ties with Asia-Pacific countries on military issues;
- Russia opposes any form of Taiwan's independence, firmly supports China's actions to protect its sovereignty;
- Russia and China intend to provide support to protect each other's interests, above all, sovereignty, territorial integrity, security;
- Russia will study China's global civilization initiative;
- US must respond to North Korea's concerns with real actions, create conditions for resuming dialogue;
- Russia, China support sovereignty, independence, territorial integrity of Syria and Libya;
- Russia and China welcome normalization of relations between Saudi Arabia and Iran;
- Russia and China note positive contribution of CSTO to potential for developing cooperation between CSTO and China;
- Russia and China to continue holding consultations on issues related to Africa, Latin America;
- Russia and China in favor of preserving Arctic as territory of peace, stability and constructive cooperation.

Xi Jinping's Statement During Presser After Top-Level Kremlin Meeting:
- Talks with Vladimir Putin were productive;
- Plan for further China-Russia cooperation in all areas was outlined during the talks;
- China-Russia trade up 116% in past 10 years;
- The presidents agreed to increase energy trade, expand cooperation in digital economy;
- Russia, China to ensure stable logistics, transportation;
- Russia, China to strenghten cooperation in SCO, BRICS, G20 platforms;
- UNSC permanent members China and Russia will continue to uphold norms of international relations based on UN Charter;
- Russia and China will contribute to economic recovery in post-pandemic period, ensure food security.

Vladimir Putin's Statements During Presser After Top-Level Meeting:
- Russia confirms its commitment to the "one China" principle and recognizes Taiwan as an integral part of the PRC
- Economic, trade cooperation is a priority in Russia-China relations;
- Russia is ready to increase stable oil supllies to China;
- Russia will accelerate LNG exports to China;
- Power of Siberia-2 project was discussed in details during the talks;
- ROSATOM, China's Nuclear Agency sign long-term coopeartion program;
- Opportunities exist for significant increase in expoerts of meat, grain from Russia to China;
- Russia to promote large Eurasian Partnership in future on international platforms.

Putin: Russia Expects Growth of Food Exports to China
Moscow expects to see the growth of Russian food exports to the Chinese market, President Vladimir Putin said on Tuesday.
"Relevant ministries and departments are working to ensure the quality standards of the supplied products, improve the conditions for mutual access to food products. All this allows us to count on further growth in Russian food exports to the capacious Chinese market, and will contribute to increasing the level of food security in both our countries," Putin said after the meeting of Russian and Chinese top level government delegations.

Putin: Russia Ready to Support Chinese Business in Replacing Enterprises That Left Russia
Russia is ready to support Chinese business in replacing enterprises that have left the country, Russian President Vladimir Putin said on Tuesday.
"We are ready to support Chinese business in replacing the production facilities of Western enterprises that have left Russia," Putin said at a meeting with Chinese President Xi Jinping and senior Russia officials in the Kremlin.

Putin: Russian Business Able to Meet China’s Growing Energy Needs
Russian business is able to meet China’s growing energy needs, President Vladimir Putin said on Tuesday after a meeting with his Chinese counterpart, Xi Jinping.
"Russian business is able to meet the growing demand from the Chinese economy for energy resources - both within the framework of current projects and those that are currently in the process of being coordinated," Putin said.

Putin: Russia, China Intend to Create Working Body on Northern Sea Route Project
Russia and China intend to create a working group that will oversee the Northern Sea Route project, Russian President Vladimir Putin said on Tuesday.
"We see cooperation with Chinese partners in developing the transit potential of the Northern Sea Route as promising. As I said, we are ready to create a joint working body for the development of the Northern Sea Route," Putin said during his meeting with Chinese President Xi Jinping.

Xi Jinping: China-Russia Ties Go Beyond Bilateral Relations, Have Great Importance for World Order
Relations between China and Russia go beyond just bilateral ties and are of great importance for the world order, Chinese President Xi Jinping said on Tuesday.
"President Putin and I together summed up the results of the development of bilateral relations over the past 10 years and agreed that China-Russian ties have gone far beyond bilateral relations and are of vital importance for the current world order and the fate of humanity," Xi said at a joint press conference with Russian President Vladimir Putin in the Kremlin.

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gelgoog

Lieutenant General
Registered Member
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It Turns Out That JPMorgan Bought the Nickel That Turned Out to Be Stones​

JPMorgan Chase owned bags of material kept in a Dutch warehouse that were supposed to contain nickel but turned out to be full of stones, people familiar with the matter said.

The London Metal Exchange said last week that sacks thought to hold 54 metric tons of nickel in an unnamed warehouse had failed to comply with its standards. The bags were in a shed in the Dutch port city of Rotterdam, The Wall Street Journal and other outlets reported. The problem: They contained stones instead of a silvery metal used in steel and electric-vehicle batteries.

The company that controls the warehouse, sprawling logistics firm Access World Group, was owned by miner and trader Glencore PLC at the time. In a statement, Access World said it is inspecting "warranted bags of nickel briquettes at all locations" and that it believes the issue to be "an isolated case and specific to one warehouse in Rotterdam."

Access World, rather than JPMorgan, is likely to face pressure to foot the bill because it is responsible for checking metal on entry and keeping it safe while it is in the shed. The LME has said it is working with the operator to find out what went wrong.
...
 

siegecrossbow

General
Staff member
Super Moderator
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It Turns Out That JPMorgan Bought the Nickel That Turned Out to Be Stones​

JPMorgan Chase owned bags of material kept in a Dutch warehouse that were supposed to contain nickel but turned out to be full of stones, people familiar with the matter said.

The London Metal Exchange said last week that sacks thought to hold 54 metric tons of nickel in an unnamed warehouse had failed to comply with its standards. The bags were in a shed in the Dutch port city of Rotterdam, The Wall Street Journal and other outlets reported. The problem: They contained stones instead of a silvery metal used in steel and electric-vehicle batteries.

The company that controls the warehouse, sprawling logistics firm Access World Group, was owned by miner and trader Glencore PLC at the time. In a statement, Access World said it is inspecting "warranted bags of nickel briquettes at all locations" and that it believes the issue to be "an isolated case and specific to one warehouse in Rotterdam."

Access World, rather than JPMorgan, is likely to face pressure to foot the bill because it is responsible for checking metal on entry and keeping it safe while it is in the shed. The LME has said it is working with the operator to find out what went wrong.
...

This is why I laugh at the fools who buy gold stocks/etfs.
 

baykalov

Senior Member
Registered Member

It looks like depleted Uranium shells are indeed a red line and Putin spoke of it during the meeting with Xi Jinping. NATO wants to poison Eastern and Southern Ukraine like they poisoned Serbia and Iraq.

Putin: "UK announced not only the supply of tanks to Ukraine, but also depleted uranium shells. But I would like to note that if all this happens, Russia will have to react accordingly considering the west would be using a weapon with a nuclear component."
 

Helius

Senior Member
Registered Member
The situation with aluminium is even more lopsided. Remember the panic and price spike of aluminium because of the sanctions on Russia last year? Imagine getting into a trade war with China when world aluminium production looks like this.

View attachment 109545

If they cut supply of aircraft and aircraft parts to China, then good luck getting titanium and aluminium to make those planes. Especially if China and Russia decide to act together against them.
So you're saying if China cut supplies India would be #1?

hold-me-back-neil-degrasse-tyson.gif
 
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