July 2021 - Page 2 of 3 - MiningNewsWire

TuesdayJul 20, 2021 3:45 pm

Report Suggests That Copper Supply Shortage Looming

Capitalight Research’s maiden monthly publication, titled “Critical Metals for a Sustainable World” and focused on critical metals, suggests that by 2024, the present mine expansion wave will have culminated, with a huge forecasted gap in required mine supply of copper beginning by the second part of this decade. Critical metals are essential to the economy and, in today’s world, central to high-tech sectors. These critical metals include rare earth minerals and other metals such as lithium, gallium and platinum group elements. The publication also anticipates LME cash prices for copper will average at $4.20 a pound this year and $3.96…

MondayJul 19, 2021 3:15 pm

New US-to-Europe Rare Earth Minerals Supply Chain Created

Last week, Neo Performance and Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) created a new U.S.-Europe supply chain for rare earth minerals when the first shipment of 20 tons of rare earth carbonate was shipped to Neo’s rare earth separation facility from the latter company’s production White Mesa Mill in Utah. Energy Fuels expects to send out more shipments as it processes more of the monazite sand ore for the uranium and rare earth minerals it contains. The sand ore is mined by Chemours in its Georgia operations. Rare earth elements are crucial elements needed for various advanced technologies…

FridayJul 16, 2021 5:00 pm

Largo Declares That Vanadium for Energy Storage Pays Better Than for Steel Production

Largo Resources, a major producer of vanadium, recently stated that the use of vanadium for battery electrolytes was two times as profitable as supplying the metal to be used in the production of steel. The company notes that the market for vanadium, which is suitable for long-duration energy storage, will be a good opportunity. Toward the end of 2020, the company launched Largo Clean Energy, its subsidiary, whose purpose will be to obtain vanadium from Largo Resources’ mining operations in Brazil and utilize it in its vanadium redox flow battery (VRFB) product known as VCHARGE±. Largo believes that it can…

FridayJul 16, 2021 3:15 pm

Report Suggests Geopolitical Tensions Could Jeopardize Lithium Supply Chains

Fitch Solutions Country Risk & Industry Research recently released a report that suggests that the U.S.-China tensions and resulting geopolitical risks may threaten the international lithium supply chain. The report presents the point of view of analysts on the future of the lithium market and what it may look like. In the report, analysts note that the progressively tense relationship between China, the leading manufacturer of batteries and a major lithium processing player, and the West, a growing battery manufacturer, are the primary issues that threaten the resilience of supply chains. They add that on the supply front, the lithium…

ThursdayJul 15, 2021 3:00 pm

Scientists Gain Insight into Why Gold Deposits Occur Around Arsenic

A recent study may have found the reason why gold is usually discovered around arsenic. The study, which involved geochemists from various institutions across the globe, may help explain why miners of the precious metal may be more at risk of arsenic poisoning. The study’s findings were presented at the annual global Goldschmidt Conference, which focuses on geochemistry and other associated sciences. The findings were also published in a report in the “Geochemical Perspectives Letters.” Gold has various applications in chemistry, electronics and jewelry making, as well as in metallurgy. The precious metal also possesses various qualities, including rarity, stability,…

ThursdayJul 15, 2021 11:51 am

Energy Fuels (NYSE American: UUUU) (TSX: EFR) Makes First Shipment to Neo Performance Materials Inc. (TSX: NEO) in Emerging US-Based Rare Earth Supply Chain

The first container of mixed RE carbonate has been shipped from the United States to Europe. The announcement marks important achievement, not only for UUUU and NEO, but also for U.S. government efforts to restore critical rare earth supply chains. Energy Fuels is the only North American company that currently produces a monazite-derived, enhanced rare earth material. A milestone has been reached in the quest to create a new rare earth supply chain based in the United States. Energy Fuels (NYSE American: UUUU) (TSX: EFR) and Neo Performance Materials (TSX: NEO) have announced that the first container of mixed rare…

WednesdayJul 14, 2021 3:00 pm

Price of Copper Rises, Driven by Expectations of Growing Metals Demand

Earlier in February this year, the price of copper rose to a nine-year high driven by the rush of speculative investment, expectations of tight supply and resurgent demand in China, the largest consumer of the metal. This trend continued in the months that followed, with the demand for copper rising in April when the U.S. dollar declined in value. In May, copper for delivery had increased by almost 2%, with futures at $9351 per ton on the Comex market. As recent as this week, the price of the red metal rose again, driven by hopes that the demand for metals…

TuesdayJul 13, 2021 3:45 pm

The US Energy Storage Segment Could Peak at 12GWh in 2021

A report by Wood Mackenzie Power & Renewables, an analysis group, states that this year about 12GWh of energy storage may be installed in the United States, adding that the market will grow considerably in the near future. This forecast was included in the group’s most recent energy storage monitor report, which was published in collaboration with the National Energy Storage Association. The group predicts that while last year’s deployments were about 3500megawatt hours, five years from now, the United States will be a 33,000 megawatt hours’ annual market, with a value of about $8.5 billion. In the first quarter…

MondayJul 12, 2021 3:15 pm

Report Predicts Strong Growth for Copper, Gold as Pandemic Is Contained

Fitch Solutions recently released a report that shows that the production growth of copper and gold across the globe is set to resume determinedly as the disruptions that have affected mines in the last year are halted. In the period 2012–2025, Fitch expects that the global mine production growth will stay strong as rising prices encourage more output and investments. The company also predicts that the production of gold across the globe will increase from about 109 million ounces this year to roughly 141 million ounces by the year 2030 at an annual growth rate of 3.2%. According to this…

FridayJul 09, 2021 2:15 pm

Investors Turn to Uranium as Reliable Source of Clean Energy

As more economies and countries execute the transition into the use of clean energy, some investors are looking to uranium as an alternative source of electricity, with many skeptical that weather will be able to meet global electricity needs. Prices of shares in uranium mining companies have been surging, despite the presence of weather dependent solar and wind industries. Even as many companies work to meet the net-zero emissions targets, some investors are pouring money into companies with uranium mining interests because they believe nuclear power is the only way to meet these targets. This is because nuclear is one…

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Month: July 2021