April 2022 - MiningNewsWire

FridayApr 29, 2022 12:40 pm

The West Explores Ways to Disrupt Russia’s Oil Trade

Since Russia invaded Ukraine, the West has imposed tough sanctions against Russia in a bid to force Putin to cease the invasion. American polls show that individuals in Washington want even more to be done to reduce the profits from natural gas and oil sales made by Russia. For instance, a poll conducted by the NORC Center for Public Affairs Research and the Associated Press discovered that more than one-half of its respondents would like President Joe Biden to be tougher on Putin. Former and current U.S. officials and economists state that America could achieve strong results from taking various…

ThursdayApr 28, 2022 2:15 pm

Can the European Union Survive Without Coal from Russia?

The European Commission recently suggested that it would be banning the purchase of Russian coal. This in response to the alleged war crimes that the Eastern European country committed in Bucha town, Ukraine. Currently, about 70% of the thermal coal imported by the European Union comes from Russia. In figures, this represents almost €4 billion worth of coal annually. Russia is the largest supplier of coal in the European Union and the third largest exporter of coal globally, after Australia and Indonesia. Russia’s metallurgical coal, which is utilized in the manufacture of steel and iron, accounts for almost 30% of…

WednesdayApr 27, 2022 1:14 pm

The Ukraine War Boosting Coal’s Resurgence

There appears to be a coal renaissance as coal, a fossil fuel that should be phased out and replaced by renewable energies, dominates in various markets. China has steadily grown its output, recording a 15% rise in its March production as compared to the same period in 2021. This is equal to about 12.7 million tons daily, which exceeds the country’s 2022 daily production rate of 12.6 million tons. This increase comes despite the implementation of new lockdowns across China after another coronavirus outbreak. The country is focused on keeping its levels of production high as the uncertainties introduced to…

TuesdayApr 26, 2022 2:35 pm

Bank of America PROJECTS That Uranium Prices Will Spike More Than 50% in 2022

Last week, Bank of America released a research note showing that spot prices for uranium had increased significantly since Russia invaded Ukraine in February. Russia plays a central role in the international uranium supply chain, making up over 15% of total uranium supplied this year. In terms of enrichment, Russia makes up roughly 45% of global capacity. In conversion, the Eastern European country makes up nearly 30% of the estimated production of this year and about 20% of international capacity. The investment bank expects the mineral to experience further gains in the future as the demand for the use of…

MondayApr 25, 2022 12:50 pm

FMI Expects Magnesium Sulphate Market to Exceed $1B by 2030

Magnesium sulphate, also known as Epsom salt, has a number of applications across the food processing, agricultural and pharmaceutical sectors. Projections from a recently published market study by Future Market Insights (FMI) shows that the magnesium sulphate market will grow significantly in the short term, with compound annual growth rates of 5.8% and 5.3% in value terms and volume terms, respectively. As the population around the world grows, the scope of pharmaceutical and food industries is expanding significantly. Magnesium sulphate is currently used to manufacture fertilizers and nutraceuticals. This is in addition to being used to prevent and treat seizures…

FridayApr 22, 2022 11:31 am

Carlin-What? A Brief Explanation of Carlin-Type Gold Deposits

Nevada is the largest producer of gold in America and one of the largest gold producers in the world at large. Reports from the Nevada Division of Minerals show that the state produced 5.58 million troy ounces of gold in 2018, accounting for 83% of America’s gold production that year. In terms of global gold production, Nevada ranked fifth behind the countries of China, Russia, Australia and Canada, producing 5.4% of the world’s gold in 2018. Experts estimate that only a fraction of the gold ore in Nevada has been mined and that there are around 120 million ounces of…

ThursdayApr 21, 2022 2:57 pm

Wind Power Surpasses Nuclear, Coal in US

Last month, wind power in the United States hit a new milestone. Wind turbines produced more electricity than nuclear and coal on March 29, 2022, coming second only to natural gas. This is per data released by the U.S. Energy Information Administration. In the U.S., wind speeds and wind-powered electricity generation usually peaks during the spring. The variation of wind speed contributes to different amounts of electricity generation, depending on the season or time of day. On this particular day, the Electric Reliability Council of Texas and the Southwest Power Pool cover parts of South Dakota, North Dakota, Nebraska, Kansas,…

WednesdayApr 20, 2022 1:03 pm

American, UK Companies Collaborate to Develop Massive Uranium Deposits in Argentina

In a move that could deal a blow to America’s dependency on foreign nations for heavy rare earth minerals, mining and refining, specialty chemicals company Evolution Metals has announced the acquisition of massive Argentinian uranium deposits. Evolution Metals announced recently that it had acquired a major position in UrAmerica, a UK-based private critical metals exploration company that currently owns Argentina’s largest prospective uranium deposit. Critical metals refers to minerals that are crucial to a country’s national and economic security. Argentina is one of the most mineral-rich countries in the world. It has extensive mineral deposits of uranium, zinc, iron ore,…

TuesdayApr 19, 2022 3:21 pm

Four Triggers That Could Influence the Price of Gold in the Short Term

The past two weeks have seen a sharp rise in the price of gold, and many watchers of the market may be wondering what lies in store for the yellow metal over the coming weeks and months. Let’s discuss factors that could have an impact on the price of gold in the near term. The price of crude oil Currently, inflation in the United States is at levels last seen 40 years ago, and if the price of crude oil rises any further, we could see inflation surging forward. As inflation rises, so will the demand for bullion because its…

MondayApr 18, 2022 12:19 pm

JPMorgan Foresees 40% Price Hike for Commodities

Strategists at JPMorgan Chase predict that commodities are likely to witness a price surge of up to 40% this year if investors elect to pour more money into natural resources in a timeframe characterized by increasing inflationary pressures. If such a price hike occurs, commodities will enter record-breaking price levels. The JPMorgan strategists say that at the moment, investor allocations in the raw materials segment exceed the average allocations on record historically. However, the situation at the moment cannot be described as “overweight.” Consequently, there is still room for massive funding to flow into raw materials and trigger the surge…

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Month: April 2022