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The FBI’s success in apprehending Charlie Kirk’s alleged assassin came one day after Director Kash Patel initially misreported that a suspect was in custody, a move that sparked consternation and criticism as the nation reeled over Kirk’s violent death.

Patel’s misstep during the fast-moving investigation was overshadowed Friday by the breakthrough news that a 22-year-old Utah man had been detained and will face charges for the deadly shooting. But the flaws during the whirlwind 33-hour manhunt did not go unnoticed.

Patel on Thursday announced — then quickly retracted — that authorities had detained the person responsible for killing Kirk.

Fox News’ Laura Ingraham responded ‘unreal’ to Patel’s revelation that the gunman was still at large. Conservative activist Chris Rufo said Friday he was ‘grateful’ authorities arrested a suspect but that it was ‘time for Republicans to reassess’ whether Patel was fit for the job.

‘He performed terribly in the last few days,’ Rufo wrote on social media Friday, adding that he has been talking with conservative leaders who are questioning the FBI’s leadership structure, which includes Patel, Deputy Director Dan Bongino, and, as of next week, Andrew Bailey, who is taking on the unprecedented role of FBI co-deputy director.

The backlash began after Patel said Thursday that ‘the subject for the horrific shooting today that took the life of Charlie Kirk is now in custody,’ before saying less than two hours later that he had the wrong person.

‘The subject in custody has been released after an interrogation by law enforcement,’ Patel said, adding the investigation was ongoing.

At the same time that Patel said the killer had been caught, Utah law enforcement officials were giving a news conference saying the gunman was at large, leading social media users to convey confusion over the mixed messages.

The blip during the manhunt for the person responsible for Kirk’s killing also put a spotlight on Patel’s and Bongino’s apparent fixation on social media, a point that a lawsuit against Patel and the Department of Justice laid out in thorough detail days prior.

The lawsuit was brought by three top FBI officials who alleged their constitutional rights were violated when they were fired without explanation. One of the fired officials said Patel and Bongino lamented the ‘political capital’ they had to spend to keep the official on the job, a reference to pressure Patel and Bongino were getting on social media about the official. Patel’s and Bongino’s actions were often dictated by social media comments, the lawsuit said.

Also fueling the fire was a delayed news conference on Thursday that offered little new detail as the investigation was underway. Patel appeared at the news conference but did not speak. Upon announcing the suspect’s arrest Friday morning, the FBI director gave remarks of gratitude to the agency, local law enforcement, the media and public for contributing to the arrest. Patel made clear that he had been directing the FBI behind the scenes during the past couple days.

‘Warroom’ podcast host Steve Bannon, a former Trump adviser, said on his show that he didn’t ‘know why Kash Patel flew out there, thousands of miles’ merely to thank people. Bannon suggested he wanted more details about the suspect and any possible accomplices.

At this stage, the Trump administration has shown no outward signs of wavering on Patel. Fox News Digital reached out to the White House and the FBI for comment.

The White House did not respond. One source familiar said Patel’s social media posting during the Kirk case could have been handled better but that his initial erroneous message and the surrounding criticism of it came during the ‘fog of war,’ as the investigation was rapidly evolving and emotions were high. The source said the focus should be on the success of the FBI’s operation and the ‘good police work’ involved.

A spokeswoman for Patel pointed to a statement she posted online highlighting that the FBI’s mission to identify Kirk’s assassin was a success and that Patel was intentional every step of the way.

‘Over these last few days, what has mattered isn’t ignorant criticism or petty assumptions — it’s been the pursuit of justice. Justice that was promised, justice that has now been delivered,’ spokeswoman Erica Knight said.

One retired FBI agent who worked at the bureau for two decades said Patel’s premature post seemed ‘reckless’ and ‘too quick to the draw,’ but the retired agent also said he viewed it as a problem that went beyond Patel.

‘It’s becoming a popularity contest,’ the retired agent told Fox News Digital. ‘It’s not necessarily something that’s new either, because J. Edgar Hoover was big about leveraging the press to make the FBI look good. I mean, he was notorious for that. That tradition in the bureau has continued, but now it’s sort of like that on steroids.’

This post appeared first on FOX NEWS

The horror that unfolded at Utah Valley University is still hard to process. A few minutes into a joyous meeting before thousands of people, conservative activist Charlie Kirk was gunned down in cold blood. 

As they tried to make sense of this senseless murder, the broadcast networks roughly suggested that Kirk was shot because he was ‘polarizing.’ ABC correspondent Kyra Phillips explained that Kirk was ‘known for his outspoken views on politics, culture, religion, often taking his messages to colleges and universities, sparking sometimes pretty heated debates on campus.’ 

Reporter Aaron Katersky added, ‘there were people on both sides debating whether he should even be allowed to bring his message, often loyal to the agenda of President Trump, to campus.’ White House reporter Mary Bruce doubled down: ‘It’s no secret that Kirk has said a number of controversial things over the years, in particular about DEI, Jews, women, LGBTQ community, people of color.’ 

As Kirk was bleeding out, ABC News was suggesting this was how ‘pretty heated debates’ ended on campus, and that maybe it wouldn’t have happened if Kirk’s ‘controversial’ appearance hadn’t been ‘allowed.’ 

Leftists surely found Kirk’s conservative arguments ‘polarizing’ ‘divisive,’ and ‘controversial.’ But they seem to lack any introspection inside the liberal bubbles of their ‘news’ networks. Spreading their leftist arguments on DEI or LGBTQ or abortion or Trump — often implying that dissent is unacceptably hateful — somehow never polarizes people and is somehow the opposite of controversy. How can their sweet reason be ‘controversial?’ 

By the time the Wednesday evening newscasts came on, there was an appropriate tone of horror at the shooting. But on Thursday, ‘CBS Mornings’ co-host Nate Burleson told former House Speaker Kevin McCarthy that Kirk’s speech was ‘offensive to specific communities’ and asked if Republicans needed to watch their mouths. ‘Speaking of this tragedy, is this a moment for your party to reflect on political violence? Is it a moment for us to think about the responsibility of our political leaders and their voices and what it does to the masses as they get lost in misinformation or disinformation that turns into and spills into political violence?’ 

McCarthy tried to stay on a unifying message, but Burleson’s question was ‘offensive to specific communities,’ in this case the Trump-voting half of America. Everyone who agreed with Kirk on many issues felt like this could have been the violent fate of any conservative speaker out in public, especially on ‘progressive’ campuses. 

Kirk’s alleged assassin was not a Republican. CBS didn’t wonder if the shooter had been influenced by wild leftist rhetoric from any kind of media or political figure. The rhetoric of the Left is somehow always above scrutiny. 

The morning after the murder, NPR turned to Kyle Spencer, a leftist author of a 2022 book about ‘The Untold Story About America’s Ultraconservative Youth Movement And Its Plot For Power.’ She claimed ‘Charlie really positioned himself as somebody who was supporting Whiteness, White people, White culture and the White culture of this country against what he saw as efforts that were efforts to create equity in the country and to support the disenfranchised.’ 

‘Public’ broadcasting is deeply suffused with the ‘DEI ethic’ that they must ‘center the marginalized,’ and so anyone who opposes the Black left should be marginalized as a far-right racist fringe. But they loved Black Lives Matter and their racial ‘reckoning’ in 2020. 

As news bubbled up that there were political markings on the shooter’s ammunition, on Thursday’s ‘World News Tonight’ on ABC, they took the reports of ‘anti-fascist’ and pro-transgender messaging and dumbed them down. Matt Gutman could only say law-enforcement sources found ‘a high-powered rifle wrapped in a towel, and three unspent cartridges inscribed with words and symbols. Tonight, authorities [are] working on what the markings might mean.’ 

Leftists surely found Kirk’s conservative arguments ‘polarizing’ ‘divisive,’ and ‘controversial.’ But they seem to lack any introspection inside the liberal bubbles of their ‘news’ networks. 

On Friday, authorities revealed one shell casing read: ‘Hey fascist! Catch!’ Another said ‘O bella ciao, bella ciao,’ which refers to a leftist song celebrating the end of Italian fascist dictator Benito Mussolini, but the left still uses it against the current conservative Italian Prime Minister Giorgia Meloni. 

The news networks have spent the last 10 years wildly using terms like ‘fascist’ and ‘authoritarian’ to describe not just President Donald Trump, but Republicans and conservatives in general. By contrast, the radical left ‘Antifa’ movement has largely escaped any critical scrutiny and in recent years, the media have pretended that this is some sort of kooky invention of conspiracy theorists. 

When the network newscasts casually allow Democrats to compare Trump to Adolf Hitler and suggest he and his voters are an ‘existential threat’ to democracy, they are the ones raising national tensions. Not conservatives.

This post appeared first on FOX NEWS

Newmont (TSX:NGT,NYSE:NEM,ASX:NEM) is preparing to withdraw from the Toronto Stock Exchange later this month, the latest in a string of moves to streamline operations and rein in costs following its US$15 billion takeover of Newcrest Mining in 2023.

The Denver-based miner said Wednesday it has applied for a voluntary delisting of its common shares from the TSX, effective at the close of trading on September 24.

The company cited “low trading volumes” on the Canadian exchange and said the decision is expected to “improve administrative efficiency and reduce costs for the benefit of Newmont’s shareholders.”

Newmont’s shares will continue to trade on the New York Stock Exchange, where it maintains its primary listing, as well as on the Australian Securities Exchange and the Papua New Guinea Stock Exchange under the ticker symbol NEM.

Rising costs and restructuring plans

Newmont’s all-in sustaining costs reached record levels earlier this year, eroding profits even as bullion prices hit all-time highs above US$3,500 an ounce in April and remained above US$3,300 through most of the summer.

The company has acknowledged that its cost base has outpaced peers. In the second quarter, Newmont’s costs were nearly 25 percent higher than those of Agnico Eagle Mines, a Canadian rival considered one of the industry’s leanest producers.

Costs have also risen more than 50 percent over the past five years, driven by higher energy, labor, and material prices, as well as integration expenses tied to Newcrest’s operations.

Chief Executive Officer Tom Palmer told investors in July that Newmont was pursuing additional measures to lower its expenses.

Behind the scenes, Newmont has been preparing for more aggressive measures.

People familiar with the matter told Bloomberg News that management has set an internal target to lower costs by as much as US$300 per ounce, or roughly 20 percent.

Meeting that benchmark could require thousands of layoffs across the company’s global workforce of about 22,000, excluding contractors.

While Newmont has not disclosed the scope of planned reductions, some employees have already been informed of redundancies, according to the report. Managers have also been briefed on potential curbs to long-term incentive programs as part of a broader restructuring.

A company spokesperson confirmed earlier this year that Newmont launched a cost and productivity improvement program in February.

Alongside cost cutting, Newmont has moved swiftly to divest non-core assets acquired in the Newcrest deal.

Since late 2024, the company has sold multiple Canadian operations: the Eleonore mine for about US$795 million, the Musselwhite mine in Ontario for $850 million, and its stake in the Porcupine operations for US$425 million.

The asset sales are intended not only to cut debt but also to sharpen focus on higher-margin operations, particularly in North America and Australia.

Despite higher costs, Newmont shares have surged 95 percent this year, followed by also announcing a US$3 billion share repurchase program in July.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Perth, Australia (ABN Newswire) – Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce the latest performance results of the CERENERGY(R) cell and battery pack prototypes. These results confirm the technological maturity and robustness of the CERENERGY(R) technology and mark another decisive step towards industrialisation.

Highlights

– 650+ cycles with no capacity loss, proving exceptional material stability and long operational lifespan compared to conventional batteries

– Near 100% Coulombic efficiency, confirming minimal side reactions and strong intrinsic safety of sodium nickel chloride chemistry

– High energy efficiency of up to 92%, surpassing typical 70-80% levels of competing battery technologies

– Proven safety under extreme conditions – cells remained stable during overcharge, deep discharge, and thermal cycling up to 300 degC with no gassing, leakage, or rupture

– Robust and reliable chemistry – sodium nickel chloride avoids flammable electrolytes and runaway risks, confirming suitability for safe, large-scale grid and renewable energy storage

– ABS60 prototype validated under real-world conditions -tested across diverse load profiles, high-current pulses up to 50 A, and thermal variations

– Stable, efficient performance – achieved ~88% round-trip efficiency with no observable capacity fade over 110+ cycles

CELL PERFORMANCE

The CERENERGY(R) prototype cells have successfully completed over 650 charge-discharge cycles without any detectable capacity loss. Cycle life is a critical measure of battery durability, as most conventional batteries experience gradual degradation with every cycle. Achieving such performance highlights the outstanding stability of the materials and points to the potential for a long operational lifespan.

For stationary energy storage systems (ESS), this translates into fewer battery replacements, lower lifetime operating costs, and greater reliability for end users.

The cells also delivered nearly 100% Coulombic efficiency alongside an energy efficiency of up to 92% across 650 cycles. Coulombic efficiency reflects the proportion of charge recovered during discharge relative to what was supplied during charging. A value approaching 100% indicates minimal side reactions or parasitic losses, confirming the intrinsic stability and safety of sodium nickel chloride chemistry. This high efficiency demonstrates that the cells are not expending energy on unwanted processes such as electrode degradation. Such performance is vital for scalability, ensuring reliable, longterm operation in commercial energy storage applications.

Energy efficiency represents the proportion of energy delivered relative to the energy supplied. Competing technologies, including conventional high-temperature batteries and many flow batteries, typically achieve only around 70-80%. By reaching 92%, CERENERGY(R) positions itself in a highly competitive class, offering more cost-effective energy storage, stronger economics for grid operators, and seamless compatibility with the requirements of renewable energy integration.

The cells achieved a nominal capacity of 100 Ah and 250 Wh, with reliable performance even at higher discharge rates. A key feature is their ability to support multiple daily charge-discharge cycles within the 20-80% state of charge (SoC) range at 25 A. This capability positions CERENERGY(R) as a highly flexible solution for grid operators and energy storage providers, enabling cost-efficient, long-life performance in applications that demand frequent cycling such as renewable integration, peak shaving, and backup power.

CERENERGY(R) prototype cells underwent rigorous abuse testing, including overcharge to 4 V, deep discharge to 0.2 V, and thermal cycling between room temperature and 300 degC. In all cases, the cells remained stable with no gassing, leakage, or rupture -clear proof of their outstanding safety. These results highlight the intrinsic stability of sodium nickel chloride chemistry, which avoids the flammable electrolytes and runaway risks common in lithium-ion batteries. The ability to withstand extreme electrical and thermal stress demonstrates CERENERGY(R)’s robustness and confirms its suitability for safe, largescale deployment in grid, renewable, and industrial energy storage applications. This was achieved over 3 cycles with 1.8 Full Charge Equivalent (FCE) into 22 hours.

BATTERY PACK ABS60 (60 kWh) PROTOTYPE

The first ABS60 battery pack prototype has been successfully validated under real-world operating conditions, marking a major step forward in product readiness. Testing included diverse load profiles,

continuous discharges at 25 A (equivalent to C-rate of C/4 (discharges in 4 hours), or one-quarter of the pack’s rated capacity per hour) at 80% depth of discharge (DoD), short-duration high-current pulses up to 50 A, and carefully controlled thermal variations.

The pack consistently demonstrated stable performance, achieving ~88% round-trip efficiency while maintaining reliable thermal management. Efficiency refers to the proportion of input energy that can be retrieved during operation-a critical measure of economic viability for large-scale storage. Over more than 110 cycles, results showed no observable capacity fading and only a slight increase in internal resistance. Capacity fading refers to the gradual decline in usable energy over repeated cycles, while internal resistance influences power delivery and heat generation.

The absence of meaningful degradation confirms the durability and electrochemical stability of the ABS60 design. These outcomes are highly significant as they demonstrate that the pack can withstand real-world duty cycles while retaining performance and efficiency, translating into longer service life, fewer replacements, and lower total cost of ownership.

For grid operators and renewable integration projects, this combination of robust cycling capability, efficiency, and thermal stability underscores the ABS60’s commercial readiness and competitive advantage in the stationary energy storage market.

These results are a strong confirmation of CERENERGY(R)’s technological leadership and a clear signal of the technology’s competitiveness and robustness for future applications in energy storage and industrial markets.

Group Managing Director, Iggy Tan said ‘These results confirm CERENERGY(R)’s robustness and readiness for market adoption. Demonstrating long cycle life, high efficiency, and unmatched safety, we are now strongly positioned to deliver a competitive and sustainable alternative for grid and industrial energy storage.’

*To view photographs, tables and figures, please visit:
https://abnnewswire.net/lnk/17QS44T3

About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS (‘Fraunhofer’) to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech’s land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

Source:
Altech Batteries Ltd

Contact:
Corporate
Iggy Tan
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

News Provided by ABN Newswire via QuoteMedia

This post appeared first on investingnews.com

Canadian Prime Minister Mark Carney has announced the country’s first five nation-building projects.

In March and April, the Build Canada Strong platform was a cornerstone of Carney’s election campaign, which came amid increasing trade tensions between Canada and the US. Among his promises was to create a Major Projects Office (MPO) that would review projects deemed to be in the national interest.

That office was established over the summer, with a release saying it would be headquartered in Calgary and overseen by former TransAlta (TSX:TA,NYSE:TSE) and Trans Mountain CEO Dawn Farrell.

The MPO was created as part of a shift in the regulatory framework for approving infrastructure and resource projects in Canada. Part of that will involve streamlining reviews and assessments, as well as reducing duplication between the federal and provincial governments, an issue that has hindered investment in Canada over the last 20 years.

“One of many studies has shown that the regulatory requirements in Canada have increased by more than 40 percent since 2006 and that’s been suppressing investment growth by 9 percent,” Carney said on Thursday (September 11).

In his statement, the prime minister introduced the first tranche of projects, and suggested the second will be announced before the Canadian Football League’s Grey Cup match, scheduled for November 16.

He also outlined criteria for projects to be covered by the MPO. They must be in the national interest, and must strengthen Canada’s autonomy, resilience and security; they must also have clear benefits for Canadians.

The first group of projects selected by the MPO has already seen significant development.

The prime minister noted that they have already been through extensive consultation with Indigenous communities, and have worked with provincial and territorial governments to meet necessary regulatory standards.

For these, Carney said the goal is for the MPO to get them across the finish line.

“In some cases, they are in the last stages of regulatory approvals. In most cases, there is some aspect of the financing or support packages for the projects that remain to be determined,” he said.

Mining, energy projects highlighted in first tranche

Among the first five projects featured are three involving Canada’s mining and energy sectors:

        Additionally, the MPO has committed to supporting the Darlington New Nuclear Project in Clarington, Ontario. This project aims to develop the first small modular reactor in a G7 country.

        The MPO will also help speed up the expansion of the Contrecour Terminal container project at the Port of Montreal. This expansion is expected to boost shipping volumes along the St. Lawrence Seaway.

        A project that could be included in a future announcement is the Pathways Plus carbon capture project, which the prime minister said will eventually lead to further oil sands development and the construction of a pipeline to reach markets beyond the US. Additionally, Carney said the MPO is looking at upgrades to the Port of Churchill, as well as an Arctic economic and security corridor, a high-speed rail corridor between Toronto and Québec City and Wind West Atlantic Energy, which would provide wind power to the provinces on the Atlantic coast.

        Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

        This post appeared first on investingnews.com

        Platinum is heading for a third consecutive annual deficit in 2025, with the World Platinum Investment Council (WPIC) projecting an 850,000 ounce shortfall as demand continues to outpace weak mine supply.

        In its latest Platinum Quarterly, the WPIC states that despite a 22 percent year-on-year decline in demand, a lack of metal is expected to create a supply shortfall that’s only 13 percent lower than 2024’s 968,000 ounce shortfall.

        Its call comes amid a price breakout for platinum, which pushed past US$1,450 per ounce in July.

        Why is the platinum market in deficit?

        The biggest challenge for platinum has been weak refined production, which slipped to 1.45 million ounces during the quarter from 1.54 million ounces produced during the same time last year.

        This has led the WPIC to predict a 6 percent decrease in primary supply to 5.43 million ounces, down from the 5.76 million ounces produced in 2024. Output declines in top producer South Africa have had outsized effects on supply, as Q1 output came in at just 713,000 ounces, as heavy rainfalls negatively impacted production.

        Although output grew to 1.05 million ounces in the second quarter, it was still 8 percent lower than in Q2 2024.

        Additional decreases to output are also expected in Zimbabwe and North America, slipping 4 percent and 26 percent, respectively. However, Russia is set to see a 1 percent rise in output, increasing to 686,000 ounces from 677,000 in 2024.

        On a more positive note, recycling supply saw an increase to 423,000 ounces during Q2 from 379,000 reported in 2024. This has led the WPIC to predict a 6 percent annual increase to 1.6 million ounces from 1.52 million last year.

        The majority of this increase comes from growth in automotive recycling, aided by higher platinum group basket prices. However, the WPIC notes that despite the growth, recycling will remain depressed compared to historic levels.

        The WPIC predicts an overall supply decrease of 3 percent in 2025 to 7.03 million ounces, from 7.28 million ounces in 2024. With three years of deficits, the group is also expecting further drawdowns of above-ground stocks with a 22 percent decrease to 2.98 million ounces, representing four and a half months of demand coverage.

        In recent years, stockpiles have fallen from 5.51 million ounces in 2022 to 4.8 million ounces in 2023 and 3.83 million ounces in 2024.

        “I don’t think we’re going to see any meaningful mine supply response at these levels. It’s also worth bearing in mind that these are, for the most part, deep-level underground mines. So even if we had another 50 percent increase in the basket price, you’re still not going to see a supply response over the near to medium term,” he said.

        Watch Sterck discuss the platinum market.

        He went on to explain that development times for mining operations will take several years and wouldn’t be possible on time frames shorter than 18 months.

        “Recycling is definitely much more price elastic than mine supply over the near to medium term,” Sterck said.

        However, he added that while people tend to scrap vehicles at a consistent rate, the pace and overall supply entering the market from the auto sector is constrained.

        “Yes, we’ve seen quite a big increase in the platinum price year to date, but it’s not the main driver of the economics for those scrap aggregators and recyclers. It’s really more of a palladium story, even more so than rhodium. So, you need a sustained increase in palladium prices to drive a meaningful change there,” Sterck said.

        Demand to weaken in 2025, jewelry a bright spot

        Despite the expected deficit, the WPIC expects demand to weaken this year.

        Q2 saw automotive demand fall to 769,000 ounces, down from 788,000 ounces in the year-ago period.

        The WPIC’s expectation is that the auto sector will require 3.03 million ounces of platinum in 2025, a 3 percent decrease from the 3.11 million ounces needed in 2024. Likewise, the council is expecting a decrease in industrial demand for the metal as consumption drops off by 22 percent to 1.9 million, down from 2.42 million ounces last year.

        Jewelry demand, however, has been on the rise, with the expectation that it will increase by 11 percent to 2.23 million ounces in 2025. The WPIC suggests the higher growth is owed to its discount relative to gold, and notes that it is seeing the most substantial increase in China — fabrication is seen growing 42 percent in 2025 to 585,000 ounces.

        “What’s driving that increase has been fabrication funded by wholesalers, and they’re promoting platinum because they’ve seen a huge drop in their gold jewelry sales,” Sterck explained.

        Despite an increase in holdings of bars, coins and exchange-traded funds, overall investment demand was dragged down in Q2 by a 317,000 ounce decrease in stocks held in exchanges due to tariff-related concerns.

        Sterck said ongoing uncertainty in the platinum market earlier this year caused physical metal to shift from overseas markets into the US as traders began to worry about tariffs being applied.

        Although movement reversed as traders were told tariffs wouldn’t be applied, fears were later stoked when copper tariffs were announced, and an “ideological disconnect” between the White House and South Africa emerged.

        “Given that the current US administration has shown that it is willing to use tariffs as a kind of stick, if you like, for enacting foreign policy, you kind of come back to this sort of whole situation where there’s a non-zero chance of platinum being subject to tariffs in the US,” Sterck commented during the conversation.

        Overall, the WPIC expects total platinum demand to drop by 4 percent year-on-year in 2025 to 7.88 million ounces.

        Will the platinum price rise further in 2025?

        Fundamentals should remain the primary driver for platinum. Despite weakening demand through the first half of 2025, a structural deficit in the market still exists due to a lack of supply to close the gap.

        However, Sterck suggested the mining supply is likely to increase before the end of the year.

        “This year was particularly accentuated by flooding in South Africa during the first quarter of the year, so we do expect a bit of an increase in mining supply,” he said. However, he also noted that until there are more significant changes to the amount of supply, the price conditions aren’t likely to change much.

        “Fundamentally, at the moment, it just appears that the platinum price at current levels isn’t sufficient to attract enough metal into the market to really ease those market conditions,” Sterck noted.

        Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

        This post appeared first on investingnews.com

        Last-minute closed-door talks between Senate Republicans and Democrats failed to prevent a ‘nuclear option’ in the upper chamber, as frustrations on both sides killed a deal to move ahead with President Donald Trump’s nominees.  

        Lawmakers were inching closer to a deal that would have allowed sub-Cabinet-level nominees to be voted on in bunches, but neither side could reach a final agreement.

        Senate Republicans argued that a majority of their counterparts agreed with the new proposal, but that Senate Minority Leader Chuck Schumer, D-N.Y., was still standing in the way.

        ‘I think the majority of Democrats are on board with it,’ Sen. James Lankford, R-Okla., told Fox News Digital. ‘And Schumer is blocking it from actually having consent to come to the floor.’

        The failed deal was a modified version of a proposal first unveiled by Senate Democrats in 2023, and would have allowed 15 nominees to be batched together en bloc and voted on while still requiring two hours of debate for the group.

        But when Lankford brought the proposal to the floor for consideration, Sen. Brian Schatz, D-Hawaii, blocked it.

        Schatz argued that Senate Republicans were trying to rush through the negotiating process ahead of their plan to leave Washington for the weekend.

        ‘What they’re asking for is unanimity, and we don’t have it,’ he said. ‘And so, if you’re interested in enacting this on a bipartisan basis, the process for doing that — It is available to you. But again, it’s more a matter of running out of patience than running out of time.’

        Senate Majority Leader John Thune, R-S.D., fired back ‘how much time is enough?’

        ‘Give me a break,’ he said. ‘Two years. Not long enough. How about eight months? Eight months of this.’

        With the prospects of bipartisan deal to move nominees through Democrats’ blockade, Senate Republicans are expected to continue down the path of the ‘nuclear option.’

        That means that their initial proposal, which would allow for an unlimited number of sub-cabinet level nominees to be voted on en bloc with 30 hours of debate tacked on, is expected to pass with a simple majority, and effectively change the confirmation process in the Senate.

        ‘We are achingly close to doing this like adults,’ Schatz said.

        This post appeared first on FOX NEWS

        The fifth day of trial is slated to kick off in Fort Pierce, Florida on Friday for the case of Ryan Routh, who faces charges for attempting to assassinate President Donald Trump at his West Palm Beach golf club in September 2024.

        On Thursday, then-Secret Service Special Agent Robert Fercano testified on behalf of the government that Routh pointed a rifle at his face while hiding out in shrubbery at the golf course. 

        Fercano, currently assigned to Homeland Security Investigations, said he was scanning the sixth hole while Trump was playing the fifth when he ‘noticed several abnormalities on the fence line.’ 

        ‘There appeared to be a face, a barrel of a weapon and what I perceived to be plates, like Humvee plates like I saw in the Marine Corps,’ Fercano told Assistant U.S. Attorney Maria Medetis Long on Thursday. 

        Fercano said that he initially thought he may have spotted a homeless person, but then noticed the barrel followed him and that the weapon was ‘pointed directly at my face.’ 

        ‘This appeared to be a textbook ambush scenario,’ Fercano said. 

        Routh also questioned Fercano – and used his time to ask a series of questions regarding sniper tactics. 

        ‘As far as being a sniper, what would be the best stance to shoot people? Standing, crouching, laying down?’ Routh asked. 

        ‘I wasn’t a sniper … it depends,’ Fercano said. 

        Others who testified Thursday included Tommy McGee, a government witness and a civilian who heard gunshots break out the day of the alleged assassination attempt and took a photo of Routh and his car. 

        ‘He looked frantic,’ McGee said Thursday. ‘He ran right in front of me. We looked at each other… it looked like he was trying to get away.’

        When Justice Department prosecutor John Shipley asked McGee if Routh was the same man he saw the day of the alleged assassination attempt, McGee said yes. 

        According to prosecutors, Routh laid out the groundwork to kill Trump for weeks, and hid out in shrubbery on Sept. 15, 2024, when a Secret Service agent, Fercano, identified him pointing a rifle at Trump while the then-presidential candidate played golf. Although Routh pointed his rifle at the agent, he then abandoned his weapon and the scene after Fercano opened fire.

        Routh was later apprehended by the Martin County, Florida, Sheriff’s Office on the I-95 interstate in a black Nissan Xterra. 

        According to the Justice Department, he is charged with attempted assassination of a major presidential candidate; possessing a firearm in furtherance of a crime of violence; assaulting a federal officer; felon in possession of a firearm and ammunition; and possession of a firearm with an obliterated serial number. Routh also faces state charges related to terrorism and attempted murder. 

        Routh, who has pleaded not guilty to all charges, was previously convicted of felonies in North Carolina in 2002 and 2010. 

        Routh, 59, is representing himself in his trial – a process known as ‘pro se.’ Routh sent a letter to U.S. District Judge Aileen Cannon in June notifying her of his decision to represent himself. 

        ‘I will be representing myself moving forward; it was ridiculous from the outset to consider a random stranger that knows nothing of who I am to speak for me,’ Routh said in the letter. ‘That was foolish and ignorant, and I am sorry-a childlike mistake.’ 

        Cannon approved the move in July, although she said that she believes it’s not a good idea for Routh to represent himself in this case. Routh has said he went to college for two years after receiving a GED certificate and told Cannon he was prepared to navigate any challenges that could come from representing himself. 

        Despite Routh’s decision to act singularly, court-appointed attorneys are still on call to provide standby counsel. 

        Fox News’ Jamie Joseph, Jake Gibson, Olivianna Calmes, Heather Lacey and The Associated Press contributed to this report.

        This post appeared first on FOX NEWS

        After an attempt to secure a bipartisan deal failed, Senate Republicans went nuclear for the fourth time in the Senate’s history Thursday to speed up confirmation of President Donald Trump’s nominees.

        Republicans had threatened turning to the ‘nuclear option,’ which would allow for a rule change with a simple majority vote, to blast through the blockade from Senate Democrats and Senate Minority Leader Chuck Schumer, D-N.Y. 

        Lawmakers were frustrated that, through the first eight months of Trump’s presidency, not a single nominee had moved through fast-track unanimous consent or voice votes.

        Senate Majority Leader John Thune, R-S.D., argued it shouldn’t have come as a surprise to Democrats what Republicans intended to do. 

        ‘I’ve been saying all week, ‘We’re going to vote on this on Thursday, one way or the other,” Thune said. 

        ‘We’re going to change this process in a way that gets us back to what every president prior has had when it comes to the way that these nominees are treated here in the United States Senate — by both sides, Republicans and Democrats; both presidents, Republicans and Democrats.’ 

        The GOP’s rule change, which was born from a revived Democratic proposal from 2023, will now allow lawmakers to vote on Trump’s nominees in batches.

        Senate Republicans’ rule change, which has been pitched as beneficial to the current and future administrations, would only apply to nominees subject to the Senate’s requirement for two hours of debate, which includes sub-Cabinet-level positions and executive branch picks.

        Judicial nominees, like district court judges and district attorneys, don’t fall under the rule change. Lawmakers are expected to plow through dozens of nominees early next week under the new rules with the intent of clearing the backlog of Trump’s picks, which grew to more than 140 and counting. 

        With the change in place, it will only take a simple majority vote to confirm the picks. Still, the decision to do bloc packages will require 30 hours of debate before a final confirmation vote. 

        Schumer panned the move and contended Republicans had turned the Senate into ‘a conveyor belt for unqualified Trump nominees.’

        ‘This is a sad, regrettable day for the Senate, and I believe it won’t take very long for Republicans to wish they had not pushed the chamber further down this awful road,’ he said. 

        However, before resorting to the nuclear option, lawmakers were close to a bipartisan deal that would have allowed for 15 nominees to be voted on in groups with two hours of debate.

        Sen. Brian Schatz, D-Hawaii, blocked the new proposal on the floor and argued that Senate Republicans were trying to rush through the negotiating process ahead of their plan to leave Washington for the weekend.

        ‘What they’re asking for is unanimity, and we don’t have it,’ he said. ‘And, so, if you’re interested in enacting this on a bipartisan basis, the process for doing that — it is available to you. But, again, it’s more a matter of running out of patience than running out of time.’

        A frustrated Thune fired back, ‘How much time is enough?

        ‘Give me a break,’ he said. ‘Two years. Not long enough. How about eight months? Eight months of this.’

        The nuclear process began earlier this week when Thune teed up 48 nominees, all of which moved through committee on a bipartisan basis, for confirmation on the floor.

        ‘It’s time to move,’ Thune said. ‘Time to quit stalling. Time to vote. It’s time to fix this place. And the ideal way to fix it would be in a bipartisan way.’

        Both parties have turned to the nuclear option a handful of times since 2010. In 2013, Senate Majority Leader Harry Reid, D-Nev., used the nuclear option to allow for all executive branch nominees to be confirmed by simple majority.

        Four years later, Senate Majority Leader Mitch McConnell, R-Ky., went nuclear to allow for Supreme Court nominees to be confirmed by a simple majority. In 2019, McConnell reduced the debate time to two hours for civilian nominees.

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