MondayApr 04, 2022 1:10 pm

Canada Sees Rise in Demand for Uranium, Potash as Ukrainian War Rages On

Russia’s invasion of Ukraine has affected the supply of a number of commodities, with Canada recording an increase in the demand of uranium and potash, according to Jonathan Wilkinson, the country’s minister of Natural Resources. Uranium is used by most nations in Europe as well as the United States to generate power while potash is a potassium-rich salt that is commonly used as fertilizer. These two commodities have been swept up in the international commodities rally after Ukraine’s invasion by Russia. Buyers are hoping to secure supplies after the trade disruption caused by Ukraine’s invasion. Currently, Canada is one of…

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FridayApr 01, 2022 2:55 pm

Gold Market to Use Blockchain to Increase Supply Chain Transparency

Earlier this week, the World Gold Council and the London Bullion Market Association announced that they would be launching a program with a pair of companies to explore the use of blockchain technology on kilogram bars of gold. Blockchain is a digital ledger form that’s shared among users. For instance, data on the purchase and sale of an asset is updated and held among users, increasing transparency while making it difficult to interfere with. This technology is behind well-known cryptocurrencies such as Bitcoin. These gold-industry organizations hope that the use of this technology in digitizing metal trading will bring more…

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