April 2021 - MiningNewsWire

FridayApr 30, 2021 12:38 pm

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Key to Domestic Rare Earth Production Amid Rapidly Expanding Market

Rare-earth metals market expected to almost double by 2026, driven by consumer and industrial electronics demand REEs are considered critical minerals by the government, but China absorbs biggest share of world supply Energy Fuels remains top U.S. uranium producer, determined to expand into rare earths and bring back production to US As a leading U.S. uranium producer that recently expanded into the promising rare earths market, Energy Fuels (NYSE American: UUUU) (TSX: EFR) may hold the key to restoring sustainable, low-cost, domestic rare earth element (“REEs”) production in the United States (https://ibn.fm/3JIBW). That position could prove to be profitable, as…

FridayApr 30, 2021 11:06 am

How Gold Mining in the Amazon Can Become More Sustainable

The coronavirus pandemic negatively affected different industries and sectors across the globe. However, it also led to a few positive impacts, such as the massive surge in the demand for gold, which was in a way fueled by panic. Gold has often been used as a store of value. This precious metal is considered to be safe haven in unstable times, which could explain why investors prefer stocking up on bullion instead of high-risk assets when there’s economic turbulence. During the pandemic last year, the price of gold rose by 40%, which was good news for miners and traders in…

ThursdayApr 29, 2021 3:15 pm

Philippine President Ends Nine-Year Pause on New Mining Projects

President R. Duterte of the Philippines recently lifted a ban on mineral agreements that had been enacted in 2012 by former President Benigno Aquino III. This move reopens a door to new mineral agreements and investments and will help increase revenues. It came after the resident signed Executive Order No.130, which revises section 4 of executive order No.79, which was ratified in 2012. The Philippines is a major extractor of gold and copper, in addition to being the largest exporter of unprocessed nickel to the People’s Republic of China. The Mines and Geosciences Bureau notes that over a third of…

ThursdayApr 29, 2021 10:37 am

First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Is ‘One to Watch’

First Energy Metals Ltd. is focused on developing a multi-commodity mineral property portfolio by identifying, acquiring and exploring North American mineral prospects in the precious metal, base metal and industrial metals sectors The company’s current property portfolio features core and non-core properties, including the Augustus Lithium and Titan Gold Properties (core), as well as the Kokanee Creek Gold Property and an option to acquire a 100% interest in the Scramble Mine Property (non-core) The global precious metals market is forecast to reach a $362.1 billion valuation by 2027, while the lithium metal market is anticipated to reach $926.6 million that…

WednesdayApr 28, 2021 2:02 pm

Prices of Iron Ore Reach Record Levels as Demand Surges

Despite concerns over environmental restrictions in the People’s Republic of China, the price of iron ore kept rising last week. The top steelmaking city in China, Tangshan, stated in March that it would be punishing companies that had discharged pollutants illegally or those that did not implement steps outlined in its emergency anti-pollution plan, which was released after weeks of heavy smog in the northern parts of the country. Companies in Tangshan’s heavy industry, which include the cement and steel sectors, have been ordered to stop or limit production on heavily polluted days in order to help decrease overall air…

WednesdayApr 28, 2021 1:41 pm

Energy Fuels (NYSE American: UUUU) (TSX: EFR) Leading American Critical Minerals Production

Energy Fuels produces the raw materials that make numerous clean energy and advanced technologies possible UUUU is the largest U.S. producer of uranium, the fuel for carbon- and emission-free nuclear energy Company is beginning production of an intermediate rare earth element product with plans to integrate U.S. rare earth supply Energy Fuels (NYSE American: UUUU) (TSX: EFR) has emerged as “America’s Critical Mineral Hub,” and a leader in the domestic production of uranium, vanadium and rare earth elements (REEs), which are the building blocks of many clean energy technologies, including electric vehicles (EVs), renewable energy systems, nuclear energy and advanced…

TuesdayApr 27, 2021 3:10 pm

Leading Presidential Candidate in Peru Wants More Taxes on Mining

Pedro Castillo, the leading candidate in the presidential election of Peru, is planning on renegotiating mining contracts in the country’s mining industry. Instead of expropriating assets, Castillo wants a larger share of profits from mining companies in the country to benefit the state’s citizens. Ana Maria Cordova, the party’s legal representative, stated that the official platform of Free Peru highlights taking control of natural resources. However, she adds, Castillo isn’t considering nationalizing mining in the country, which is the second-largest copper industry globally. She explained that instead of seizing assets or nationalizing the mining firms in the country, Castillo’s move…

MondayApr 26, 2021 1:12 pm

Uranium Energy Corp (NYSE American: UEC) Multifaceted Strategy Strengthens Shareholder Value, Grows Company

UEC is ideally positioned to be leading supplier of American-mined uranium for domestic utilities, U.S. government UEC’s main objective is adding value to shareholders, growing into largest and most profitable uranium company in the United States Uranium Energy (NYSE American: UEC) CEO Amir Adnani American has noted the company is a uranium pure play, with $110 million cash, equity and strategic U.S.-warehoused inventory holdings. Recent press releases discuss UEC’s business objectives and highlight recent UEC achievements that are notable for the company’s future growth. With uranium spot prices below most producers’ cost of production, UEC has established a physical uranium initiative…

MondayApr 26, 2021 11:39 am

Copper Prices Rise Due to Increased Chinese Imports

Last week, customs released data indicating that the imports of copper into China in the month of March increased by 25%. The General Administration of Customs revealed that the March arrivals of unwrought copper and products added up to 552,317 tons — an increase of about 111,000 tons compared with last year’s March imports. Last month, the manufacturing sector of China grew at a faster pace than anticipated, which saw activity in the construction sector grow as well, amid warmer temperatures. According to data obtained from Reuters, China’s copper imports for first-quarter 2021 added up to an estimated 1,440,000 tons,…

ThursdayApr 22, 2021 2:53 pm

ESG Standards Adherence Gives Metals Producer Edge in Attracting Investors

During the first quarter of this year, the stock of Press Metal Aluminium Holdings Bhd rose 18%, which made it the top performer on the benchmark stock index in Malaysia. The company’s focus on ESG standards has made it popular among investors. Press Metal’s plants are powered using hydropower, an approach that has improved greatly amid higher metal prices. The company hopes that its products, which are manufactured with a smaller carbon footprint, will be high in demand. This is happening at a time when the Top Glove Corporation, which is the largest rubber glove manufacturer in the world, is…

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Month: April 2021