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Chaos In Steel Market As Manufacturers Battered By Shortages, Soaring Prices

The virus pandemic has upended global supply chains and produced shortages of certain commodities, sending spot prices sky-high. The latest shortage is steel, where many US manufacturers are having difficulty procuring cold-rolled and hot-rolled steel from mills, reported Reuters.

At the moment, steel shortages are sending spot prices through the roof. The latest round of disruptions in the steel industry is impacting America’s manufacturing heartland, where aerospace parts maker in California struggles to find cold-rolled steel, while auto and appliance parts manufacturers in Indiana are having trouble securing hot-rolled steel.

https://www.zerohedge.com/commodities/chaos-steel-market-manufacturers-battered-shortages-soaring-prices

Banks in Germany Tell Customers to Take Deposits Elsewhere

Interest rates have been negative in Europe for years. But it took the flood of savings unleashed in the pandemic for banks finally to charge depositors in earnest.

Germany’s biggest lenders, Deutsche Bank AG DB -3.76% and Commerzbank AG CRZBY -2.46% , have told new customers since last year to pay a 0.5% annual rate to keep large sums of money with them. The banks say they can no longer absorb the negative interest rates the European Central Bank charges them. The more customer deposits banks have, the more they have to park with the central bank.

That is creating an unusual incentive, where banks that usually want deposits as an inexpensive form of financing, are essentially telling customers to go away. Banks are even providing new online tools to help customers take their deposits elsewhere.

https://www.wsj.com/articles/banks-in-germany-tell-customers-to-take-deposits-elsewhere-11614594601

Nighthawk Substantially Increases Indicated Resources and Provides an Outlook for Exploration

https://finance.yahoo.com/news/nighthawk-substantially-increases-indicated-resources-120100413.html

Benchmark’s $35 Million Cash Enables Drilling of New Discovery Targets from Widespread Gold and Silver Soil Anomalies and a 2021 Resource Expansion Program

https://finance.yahoo.com/news/benchmarks-35-million-cash-enables-093000560.html

Victoria Gold: Eagle Gold Mine 2021 Production Guidance

https://finance.yahoo.com/news/victoria-gold-eagle-gold-mine-110000816.html

First Mining Options Land Package Near Springpole Gold Project, Canada

https://finance.yahoo.com/news/iiroc-trading-halt-p-194700471.html

Heliostar Finds Vein Beneath Historic Apollo-Sitka Mine and Drills 5.1 g/t AuEq over 1.95 Metres at Unga Project

https://finance.yahoo.com/news/heliostar-finds-vein-beneath-historic-113000928.html

Fury Drills 6.04 Metres of 11.56 g/t Gold Outside of the Defined Resource at Eau Claire

https://finance.yahoo.com/news/fury-drills-6-04-metres-115500908.html

Drilling at Spargos Reward Extends High Grade Gold Plunging Shoot to Over 300 metres Down-Plunge With Intersection of 6.1 g/t Over 14 metres as Resource Definition Drilling Completed Ahead of Resource Update

https://finance.yahoo.com/news/r-e-m-n-d-110000893.html

Great Bear Expands 2021 Drill Program: $45 Million Budget and 200+ Drill Holes

https://finance.yahoo.com/news/great-bear-expands-2021-drill-123000591.html

Keats Step-Out Returns 29.1 g/t Au over 11.4m, Extends High-Grade Zone to 250m Down Plunge

https://finance.yahoo.com/news/keats-step-returns-29-1-130000559.html

Bonterra Improves Mineralized Continuity and Expands Gold Bearing Structure to the East at Barry

https://finance.yahoo.com/news/bonterra-improves-mineralized-continuity-expands-133000967.html

Silver, Blue, & gold
https://railpictures.net/photo/749037/