•The U.S. military announced the “Iron Gate” task force on November 7 to restrict the movement of weapons and prohibited materials through Iran and across the Caspian Sea.
•Central Command said the naval blockade, which began in July, prevented crude oil exports worth more than $25 billion.
•The “Iron Gate” task force comprises about 20 personnel and is headquartered in Tampa.
•The price of yttrium oxide in Europe rose 4,400% since January 2025 to $270 per kilogram, compared with about $7 in China.
•Chinese yttrium exports to the United States stopped after the April 2025 controls, while exports to the rest of the world fell by about 30% through September.
•One trader’s inventory fell from 200 tons to 5 tons, while estimates put inventories outside China at between one and 12 months of consumption.
•Lam Research’s board approved an authorization on November 5, 2026, to repurchase up to $25 billion of shares and declared a quarterly dividend of $0.33 per share.
•Lam Research shares rose 8.2% in the November 6 session after the authorization was announced.
•Lam Research reported revenue of $8.22 billion in the September 2026 quarter, up 22% quarter over quarter.
•Teekay’s net income attributable to shareholders was $59.828 million, earnings per share were $0.68 and revenue was $368.925 million in the third quarter of 2026.
•Third-quarter average spot rates were $106,400 per day for Suezmax vessels and $67,600 per day for Aframax/LR2 vessels.
•As of November 11, average fourth-quarter fixed rates were $272,000 per day for Suezmax and $208,300 for Aframax/LR2.
•October gold production was 23,462 ounces, bringing total production since the first pour to 24,746 ounces through the end of the month.
•The oxide circuit processed about 880,000 tonnes in October, and the plant operated at an average of more than 90% of its nameplate capacity of 11 million tonnes a year, reaching 104% in the final week.
•The average grade of ore processed was 0.82 grams of gold per tonne, and average gold recovery was 95% in October.
