April 2022 - Page 2 of 3 - MiningNewsWire

ThursdayApr 14, 2022 3:56 pm

Gold Holds Firm as Ukraine Concerns, Inflation Counter Interest Rate Hike

Last week, the Federal Reserve released the minutes of its meeting held in March. The minutes revealed that the U.S. Central Bank would be increasing interest rates by 25 basis points. The breaking of this news didn’t cause ripples in the gold markets for a number of reasons. First, markets had been expecting the interest rate to be increased by 50 basis points, and the actual increase fell short of that anticipation. This explains why the price of gold hardly lost any ground in the wake of the rate hike announcement. Under normal circumstances, an increase in interest rates reduces…

ThursdayApr 14, 2022 9:00 am

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Establishing Foothold in Growing REE Market

Recent report forecasts REE space to see 4% CAGR through 2027 Demand for magnets projected to increase demand for rare earth elements Energy Fuels is the only U.S. company producing an REE product this far down the REE supply chain A recent Mordor Intelligence article is reporting that the global rare earth elements (“REE”) market has reached an estimated 161,354.65 tons this year, with an expected compound annual growth rate (“CAGR”) of more than 4% between now and 2027 (https://ibn.fm/6UppN). That growth could prove beneficial to Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), a leading U.S.-based uranium mining company…

WednesdayApr 13, 2022 2:51 pm

Goldman Predicts Record-High Copper Prices by Mid-2022

Goldman Sachs, a leading investment bank, warned in a recently released report that copper was slowly headed in the direction of a stockout. Barely a month ago, the metal breached the $5 mark for each pound ($11,000 for a ton). However, the price rally has since toned down, and copper futures are trading at approximately $4.7 per pound in New York. In February this year, Goldman sounded the alarm and warned that a major supply shortage is likely to hit the copper market before the year ends. At that time, existing stocks amounted to approximately 200,000 tons, which could hardly…

TuesdayApr 12, 2022 2:10 pm

First HALEU Production Facility in the US to Be Built in Tennessee

X-energy is a nuclear reactor and fuel design engineering company that develops nuclear reactor designs. TRISO-X LLC, an X-energy subsidiary, recently chose Oak Ridge’s Horizon Center Industrial Park in Tennessee as its construction site for a nuclear reactor fuel facility. The Department of Energy chose X-energy as a recipient for funding through the Advanced Reactor Demonstration Program in October 2020. The funding was granted for use in the construction of a demonstration plant, which can be operational in seven years. In April 2021, X-energy, Grant Country Public Utility District and Energy Northwest established the Tri-Energy Partnership to build an Xe-100-based…

TuesdayApr 12, 2022 9:00 am

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Watching Nuclear-Energy Action on Capitol Hill

NEI reports strong bipartisan support for nuclear energy throughout the 117th Congress Hallmark pieces of legislation have demonstrated that carbon-free, always-on nuclear power is an indispensable driver of our clean energy future Institute notes that more can be done “to ensure gigawatts of electricity remain on the grid and new reactors are deployed” Clean energy has become a top priority worldwide, and the U.S. is no exception. House representatives and senators in the nation’s capital have spent plenty of time talking about and voting on energy, including nuclear energy, and many companies, including Energy Fuels Inc. (NYSE American: UUUU) (TSX:…

MondayApr 11, 2022 2:36 pm

$100 Billion Investment Needed to Address Copper Supply Deficit

During this year’s CRU World Copper Conference, Erik Heimlich stated that the international copper industry would need to invest more than $100 billion into mine construction in order to close a yearly supply deficit of 4.7 million tons by 2030. CRU Group is an intelligence company that provides management consultancy and market analysis services for the metals and mining industries. Heimlich, who is the head of base metals supply at CRU, stated that the supply gap for the next few years was estimated at 6 million tons annually as the electric-vehicle and clean-energy sectors increased production. Heimlich, who is also…

FridayApr 08, 2022 3:20 pm

Russia Seeks New Markets for Its Gold as Sanctions Bite

The gold industry in Russia is looking for new ways to sell this metal, including by exporting more of the precious metal to the Middle East and China.This comes as sanctions restrict its traditional sales routes after the Eastern European country invaded Ukraine in February. Russia, which is the second-largest gold miner in the world, is finding it hard to sell gold in the United States and European markets, which were closed after a ban on newly produced gold from Russia was imposed. Miners in the country usually sell gold to a number of state-run local banks, including Bank Otkritie…

ThursdayApr 07, 2022 3:06 pm

Orano Emphasizes Steady Demand as Crucial to Sustained Supply of HALEU

Orano SA, a multinational nuclear fuel cycle company, has responded to a request for information made by the U.S. Department of Energy, stating that fixed demand for HALEU high-assay, low-enriched uranium (HALEU) was one of the major obstacles that needed to be overcome in order to achieve sustainable production. The request for information was issued by the energy department late last year. Its objective was to find more input on its plan to establish a new program to assure the material’s availability, which is required for advanced reactor demonstration and commercial deployment. Currently, light water reactors use 3% to 5%…

WednesdayApr 06, 2022 3:02 pm

Democrats Go All Out in Support of Mining

The transition to the use of clean energy in the United States has led Democrats to call for more mining, with experts agreeing that for a much faster transition away from the use of fossil fuels, more mining needs to be done to help build new transportation and energy systems. Recently, President Joseph Biden ordered that resources be directed toward the support of new mining activities in the country. These activities will all be aimed at the acquisition of the minerals required to manufacture electric car batteries, including nickel, lithium, graphite, cobalt and manganese. The president’s order came after a…

TuesdayApr 05, 2022 3:23 pm

Researchers Say Silver, Gold. Copper Crucial to Carbon Capture Efforts

Chemists at Tsinghua University have designed a nanoscale structure that combines silver, gold and copper to work as a catalyst in a reaction where the performance will be important if efforts to capture carbon in order to help moderate global warming are a success. The researchers explained that they placed their focus on the electrochemical CO2 reduction reaction, which is a chemical reaction that uses electricity to power the conversion of gas into other useful substances through the separation of carbon dioxide’s carbon atoms from oxygen atoms. The key to the electrochemical CO2 reduction reaction is using the right chemical…

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Month: April 2022