June 2021 - Page 3 of 3 - MiningNewsWire

ThursdayJun 10, 2021 10:45 am

Will Price of Gold Hit New High?

The price of gold may soon surge considerably, brought about by the increasing inflationary pressures that are improving bullion’s appeal. Earlier this week, the price of gold stood fast, despite gold futures in the United States recording a 0.1% gain and spot gold dropping by 0.2%. However, despite the modest decline, spot gold is still up by almost 8%. Concurrently, the U.S. dollar, which has often been used as an alternative to bullion, is now in its second consecutive month of decline, which can be observed in the Dollar Index, which had dropped by 0.2% on Monday. The yield on…

WednesdayJun 09, 2021 3:30 pm

Investors Pouring More Money into Industrial Metals’ Bull Run

Since last year, industrial metals have been experiencing a hot bull run, which has boosted prices to record highs. Investor numbers have been increasing, with Wall Street leaders such as Bank of America Corp. and Goldman Sachs Group Inc. advising investors to continue buying in anticipation of a rally driven by spending on electric car infrastructure, renewable energy and global recovery from the pandemic. Metals such as copper have doubled in price in the last year to more than $10,000 per ton, with Bank of America claiming that this number may double if supply fails to meet the increase in…

TuesdayJun 08, 2021 1:45 pm

Renewable Energy Drive Could Boost Silver Prices

While other metals have surged in price, silver has lagged in comparison. However, Permanent Portfolio Family of Funds portfolio manager and president Michael Cuggino speculates that the metal’s price may go higher in the near future given that last year, silver futures rose by more than 45%. Cuggino adds that a possible drop in the U.S. dollar, a lack of capacity investment over the past few years and perceived or real inflation as the international economy rebounds, may also contribute to the metal’s price moves. Earlier this year, silver was going for $30 per ounce after a Reddit post online…

MondayJun 07, 2021 3:00 pm

Vanadium Batteries Could Be Future of Energy Storage

At the beginning of the year, the California Energy Commission announced that it would be setting aside $20 million to be used to finance research projects for long-duration energy storage. The aim was to establish a clear understanding of the part long-duration energy storage could play in meeting the mandates to decarbonize the state’s electricity sector in 20 years. The solicitation didn’t include lithium-ion batteries. The commission chose a quartet of energy storage projects from Invinity Energy Systems Plc, which is based in the United Kingdom and North America. The projects had integrated vanadium flow batteries. All the sites chosen…

FridayJun 04, 2021 2:30 pm

2020 Mining Capital Expenditure Reduces by 8% Due to Pandemic

Recent research conducted by S&P Global Market Intelligence has discovered that actual capital expenditures decreased by 8% last year in more than 400 mining companies. This was a result of the regional lockdowns imposed, which brought about work stoppages and placed unprecedented stress on international supply chains. At the start of last year, S&P Global Market Intelligence forecasted a capital expenditure of more than $160 million, based on a 9% year-over-year increase of the previous year. However, the pandemic’s impact on the mining sector prompted miners to alter spending plans, which brought the forecasted capital expenditures to about $155 billion.…

FridayJun 04, 2021 9:00 am

Asia Broadband Inc.’s (AABB) Strong Q1 2021 Balance Sheet Sets Foundation for Robust Performance, Fulfillment of Strategic Goal

Asia Broadband recently released Q1 2021 results featuring a strong balance sheet as indicated by over $100 million in total assets, an increase of 283% from a similar period last year The results signal AABB’s highly liquid position to fully fund and rapidly grow its gold mining and cryptocurrency operations AABB intends to acquire high-yield gold mining assets to increase its physical gold holdings AABB recently hired a marketing firm to design an international marketing campaign to be rolled out in May Asia Broadband (OTC: AABB), a company that utilizes its specific geographic expertise, experience, and extensive industry contacts to…

ThursdayJun 03, 2021 2:15 pm

Researchers Assert That Going Green Will Prompt Increase in Mining Activities

Researchers reveal that the present supply of minerals and metals will not be able to support a universal economy that’s producing net zero carbon emissions. These experts argue that the rates of extraction of these resources has to be increased, even if it’s only in the short term, adding that in due course, recycling on a large scale should be able to meet the demand for critical minerals such as lithium. While mining initiatives are usually not well received given the negative effects the action can have on both health and the environment, Richard Herrington and his fellow researchers believe…

WednesdayJun 02, 2021 2:15 pm

Chinese Government Calls on Metals Industry to Restrict Price Inflation

As global metal demand fluctuates as a result of the pandemic’s impact on various industries, the Chinese government is urging its mining sector to pay no attention to the price inflation and speculation on metal demand. This was announced during an industry meeting held by the country’s National Development and Reform Commission and other state bodies. Various private aluminum, iron and steel producers attended the meeting and were urged to not drive the prices of metals higher. The price of metals such as aluminum and copper has grown significantly this year. While this increase in price isn’t solely linked to…

TuesdayJun 01, 2021 1:30 pm

Future Copper Deficits May Be Addressed by Mining Tailings

The use of new technology and the recent increase in copper prices has changed how miners are extracting copper from waste rock dumps. The price of the red metal surged as global stimulus measures prompted an increase in demand. Long-term projections show that the increase in consumption, which is driven by the green-energy transition, will surpass supply in the near future. A recent study reported by CRU Group has discovered that more than 40 million tons of copper are lying in waste dumps in different mines around the world. The red metal is considered to be challenging to economically extract…

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Month: June 2021