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The U.S. Geological Survey reports a 5.9-magnitude earthquake in the Dayton, Nevada area.
Next-Westwin Elements CEO: Limiting Indonesian ore production will lead to a significant price rebound.
The dollar index fell to a five-week low, currently down 0.12% at 98.77.
On December 4th, Westwitz Minerals of Australia held a production launch ceremony for its Kara Shoal project, located on the outskirts of Johannesburg, South Africa. The project aims to capitalize on the record-high gold prices. CEO Rudy Diesel emphasized that the official commencement of production at the Kara Shoal underground gold mine in South Africa's "Gold City" marks a new chapter of growth for the South African gold mining industry. Diesel pointed out that as the first newly built underground gold mine in South Africa in 15 years, the Kara mine proves that South Africa can still build safe and modern underground mining operations, creating long-term value for the economy and local communities. The mine is expected to contribute over US$1.15 billion to the South African economy over its 17-year mining cycle, with an estimated annual output of 70,000 ounces during its stable production phase (the first 12 years). Since the team was formed in July 2025, the project has progressed rapidly, with the first ore hoisting completed in October 2025, and the necessary underground infrastructure established. The surface ore stockpile is already substantial, and is expected to reach 30,000 tons of reserves before the planned first gold production in March 2026.
EIA Natural Gas Report: For the week ending November 28, total U.S. natural gas inventories were 3.923 trillion cubic feet, down 12 billion cubic feet from the previous week and down 18 billion cubic feet from the same period last year, a year-on-year decrease of 0.5%, while 191 billion cubic feet higher than the 5-year average, an increase of 5.1%.
U.S. EIA natural gas inventories fell by 12 billion cubic feet in the week ending November 28, compared with an expected decrease of 18 billion cubic feet and a previous decrease of 11 billion cubic feet.
On December 4th, Tesla (TSLA.O) broke into the top ten in Consumer Reports' annual vehicle reliability rankings, marking a significant turnaround for the electric vehicle maker, which was at the bottom of the list just a few years ago. Thanks to improvements in manufacturing processes and an electric drive system described as "outstanding" by the magazine, Tesla rose to ninth place out of 26 brands tested, a significant improvement from 17th last year. Back in 2022, Tesla ranked 27th out of 28 brands in reliability. While Tesla's electric door technology still has issues, its overall reliability has improved. Jack Fisher, senior director of vehicle testing at Consumer Reports, stated, "Tesla didn't suddenly change; the key is that they've been producing highly similar models in the same factory for a long time and continuously improving them. In terms of product reliability, an older product line almost always provides an advantage."
According to Punchbowl founder John Johnson, U.S. House Speaker Johnson intends to finalize a healthcare bill early next week and submit it to Congress for consideration before the end of the year.
Mexican President Sinbaum: Mexico and the United States will hold security talks next week.
Mexican President Jacqueline Sinbaum announced on December 4th that she will hold a brief meeting with US President Donald Trump in Washington this week to continue negotiations on US tariffs on Mexican goods. Sinbaum confirmed at her daily press conference on Thursday that their first face-to-face meeting will take place on Friday. She will also meet with Canadian Prime Minister Mark Carney in Washington, and the three leaders will jointly attend the draw ceremony for the 2026 FIFA World Cup, co-hosted by the three North American nations. Sinbaum's first visit to the US as President of Mexico coincides with ongoing negotiations between the Mexican government and Trump regarding tariffs on Mexican goods. Previously, during negotiations with Trump, Sinbaum successfully postponed the implementation of some tariffs. The three countries also plan to review the USMCA (United States-Mexico-Canada Free Trade Agreement) next year.
Nvidia (NVDA.O): It is actively executing related projects for government and commercial customers in accordance with the agreement with Amazon Web Services (AWS).
The U.S. EIA natural gas storage data for the week ending November 28 will be released in ten minutes.
Russian President Vladimir Putin: (Regarding his talks with the US envoy on the Ukraine issue) We should participate in this effort, not obstruct it.
Russian President Vladimir Putin: Trade in petroleum products, crude oil, petroleum consumer goods, and Russian oil in India is progressing well.
The U.S. Global Supply Chain Stress Index for November was -0.16, compared to -0.06 previously.
Israel Defense Forces: Attacked Hezbollah weapons facilities in southern Lebanon.
Note: The U.S. November Global Supply Chain Stress Index has not yet been released on the official website.
Russian President Vladimir Putin: The choice of economic policy is the sole discretion of each country and its leaders.
Russian President Vladimir Putin: If the United States has the right to buy our fuel, then why shouldn't India enjoy the same privilege?
Turkey summoned the Ukrainian ambassador and the Russian chargé d'affaires regarding the attacks in the Black Sea region.
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