MondayAug 09, 2021 2:45 pm

Poll Forecasts Increase in Price of Gold Before Plateauing in 2022

Last week, Reuters conducted a poll with results predicting that the price of gold would average slightly above its present level of $1,830 per ounce for the remainder of this year before declining in 2022, as central banks begin to tighten their monetary policies and the global economy recovers. The price of this precious metal, which is historically considered to be a good store of value and a safe haven by investors, hit record highs of more than $2,000 per ounce at the onset of the coronavirus pandemic before dropping as economies reopened. Carsten Menke, an analyst from Julius Baer,…

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FridayAug 06, 2021 1:20 pm

The Royal Mint Finds More Young Investors Interested in Gold Investments

The Royal Mint recently released a statement reporting that it had observed a fivefold increase in the number of young investors partaking in gold investment. The Royal Mint, which produces coins for the United Kingdom and is fully owned by the Treasury, stated that young investors who were attracted to its new digital platform were focused mainly on gold investment. These investments are financed by gold that is stored in the mint’s vaults. Gold is popular among investors across the globe, especially during times of uncertainty, such as during the coronavirus pandemic. This is mainly because it is considered to…

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ThursdayAug 05, 2021 1:45 pm

IDTechEx Report Finds Interest in Vanadium Growing Even as Alternatives Hit the Market

The vanadium redox flow battery (“VRFB”) is the first battery of its kind to be commercialized and is gaining popularity in the global energy storage system market. The most recent report on redox flow batteries by IDTechEx show that redox flow batteries will be adopted extensively in the near future, as interest in it grows. The large adoption of redox flow battery systems doesn’t imply that lithium-ion batteries will cease to exist in the market but that both systems will be addressing different needs. IDTechEx expects lithium-ion batteries to primarily be used for short-duration storage, noting that the range addressed…

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WednesdayAug 04, 2021 3:00 pm

Rising Metals Prices Trigger Renewed Interest in Zombie Mines

A mine located in Bosnia and Herzegovina may soon resume silver production, after a more than three-decade hiatus, following years of civil unrest. Paul Cronin, CEO of Adriatic Metals Plc, which is the mining company that will be handling this project dubbed the Vares project, reveals that the silver mine could begin production by next year’s end. This is part of an emerging trend that involves resuming operations in “zombie” mines that halted production due to various reasons including political unrest, owner bankruptcy or weak prices. In an interview, Cronin, a former investment banker, stated that some of these mines,…

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TuesdayAug 03, 2021 2:00 pm

US Report Forecasts Demand for Nuclear Microreactors

The Global Market of Microreactors report centers on the potential of microreactors and the future international microreactor market, evaluating their potential deployment and unique capabilities in certain international markets in the period between 2030 and 2050. The report observes that the coming years will see a growing demand for nuclear microreactors in key markets around the world. The study utilized various techniques to analyze rising market trends and rank markets in more than 60 nations, including newcomer countries and current users of nuclear energy in order to obtain various potential demands. Microreactors are sometimes called nuclear batteries and are a…

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MondayAug 02, 2021 3:00 pm

Analysts Forecast Precious Metals Shortage in Near Future

Analysts expect that in the near future, the global mineral market may experience a shortage of metals followed by a sharp increase in metal prices. The analysts explain that the shortage will be driven by the globally growing popularity of energy storage systems and electric cars as well as the increase in demand for clean sources of energy. Estimates released by the International Energy Agency state that by 2040, the demand for lithium will have grown by more than 40 times, while that for nickel and cobalt would have increased by 20 times in the same time frame. Other precious…

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