March 2023 - MiningNewsWire

FridayMar 31, 2023 2:26 pm

New York Officials Return Rare Artifacts, Including Extraordinary Gold Coin, to Greece

Officials in New York have repatriated millions of dollars’ worth of ancient artifacts, including an incredibly rare gold coin, to Greece via a ceremony at the New York Consulate in New York City. For the longest time, a debate has raged on whether museums holding artifacts that were taken by force or stolen from their homelands should be returned. Many of these artifacts were either taken from locals during colonial rule, looted from their home countries during past wars, or stolen and trafficked to foreign countries. New York officials recently chose to return items worth more than $20 million and…

FridayMar 31, 2023 2:15 pm

Opportunities Amid Global Energy Supply Transition on Display at London’s Mines and Money Connect Convention

Drawing on more than 20 years of experience in connecting investors, mining companies, tech providers, government officials, policymakers, innovators and consultants, this year’s Mines and Money Connect convention will bring a world of mining interests together for two days of activities in London, the heart of economic capital. The metals and minerals mining marketplace is weathering pressures that reach beyond the geologic forces shaping the vital energy-related commodities. Amid concerns about climate change and the impact of humanity’s quest for an ever more nimble global transportation infrastructure, supply-side producers and shippers as well as support-side investment and capitalization interests are…

ThursdayMar 30, 2023 1:40 pm

Evolving Energy Trade Patterns Cause Coal Prices to Decrease

Coal was the primary means of energy generation in numerous countries across the world for decades. It led to the development of technologies such as the steam engine and played a crucial role in the industrialization era. However, research from the mid-1800s forward has revealed that activities such as burning coal are directly tied to increased CO2 concentrations in the atmosphere and climate change. This has led to a shift from dirty energy sources such as coal to clean and renewable energy for several countries as part of global efforts to tackle climate change. Coal prices have suffered as a…

ThursdayMar 30, 2023 10:30 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) CEO Talks About RapidSX(TM), Commercial Plant Timeline in Interview with Goldinvest’s Managing Director at PDAC 2023

Strained Sino-U.S. relations make it more important than ever for North America to explore options for procuring rare earth element (“REE”) and rare earth oxide (“REO”) resources Ucore has positioned itself to fulfill North America's unmet REE, and REO needs through its RapidSX(TM) demonstration plant and future commercial production plants Ucore’s first commercial production plant is already being engineered to ramp up for customers, located in Louisiana, with two additional plants in the pipeline With China's attitude toward developing a healthy, stable, and constructive Sino-U.S. relationship unchanged, it has become imperative for North America to consider options for procuring rare…

ThursdayMar 30, 2023 9:45 am

Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) Poised for Growth as U.S.-Based Mining Becomes Pivotal for Secure Supply of Critical Minerals

The push for developing a secure domestic supply of critical minerals is growing as U.S. dependence on mineral imports and foreign processing is reaching alarming levels Critical minerals are essential for advanced technologies that are the basis for the country's high-tech digital economy and advanced military Arizona Metals boasts a high-grade, historic resource in Arizona – one of the world's most attractive mining jurisdictions A mineral exploration company engaged in advancing precious and base metal deposits, Arizona Metals (TSX: AMC) (OTCQX: AZMCF) is set out to benefit as North American metals projects appear to be experiencing a renaissance as the…

WednesdayMar 29, 2023 1:47 pm

Possible End to Monetary Tightening Lifts Gold Prices

Consistent efforts by the U.S. Federal Reserve to curtail inflation by increasing benchmark interest rates have dampened gold prices for months. Inflation around the globe is at an all-time high, caused by compounding issues such as rising energy and food prices as well as fiscal instability. Interest rates and treasury yields play a critical role in determining gold prices, with even minor changes in interest rates and dollar values causing gold prices to fluctuate. High-interest rates raise the opportunity cost of holding gold bullion, which is nonyielding, and reduces its desirability among investors. The fed recently raised benchmark interest rates…

TuesdayMar 28, 2023 1:18 pm

Nuclear Industry Calls on EU to Gain Prominence in Net-Zero Push

Solar and wind power are poised to play an integral role in efforts to decarbonize the global economy. With dozens of countries pledging to move away from dirty sources of energy such as coal to reduce their greenhouse gas emissions, solar and wind power are expected to act as alternative suppliers of green, renewable energy. Governments across the world are now investing billions of dollars to build up wind and solar power generation infrastructure and are expected to ramp up their investments ahead of the 2050 net-zero emissions goal. However, one power source that seems to be left out of…

TuesdayMar 28, 2023 9:00 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Completes Successful First Stage of Proprietary REE Process at Canadian Demo Plant

Ucore Rare Metals Inc. is a Canada-headquartered company passionate about strengthening North America’s rare earth element (“REE”) supply chain to reduce reliance on potentially adversarial foreign nations Rare earths play small but critical roles in high-tech products, such as in making up permanent magnets that are resistant to heat from high capacity electronic products Only one mine in California provides a domestic supply of REEs to the United States, which has netted it strategic financial support from the Pentagon Ucore recently completed the first stage of demonstrating its proprietary RapidSX(TM) solvent extraction process for improving REE production, inviting dozens of…

MondayMar 27, 2023 1:09 pm

Canada Wants to Dethrone China as Top Rare Earths Producer

Over the past few decades, China has steadily monopolized the global rare earth element industry. It controls roughly 90% of global rare earth element production, refining around 85% of the world’s cobalt and producing nearly 100% of global graphite supplies. China is also responsible for 100% of the global production of high-temperature magnets, which are critical in developing weapons systems. Several developed nations are keen on breaking China’s monopoly of the rare earth element segment. Canada, which has one of the largest deposits of rare earth elements on the planet, is looking to position itself as a major competitor to…

FridayMar 24, 2023 1:03 pm

EU Categorizes Nickel, Copper as Critical Minerals

The European Union (EU) has added copper and nickel to its list of critical minerals at a time when both metals are facing significant shortages. Critical or strategic minerals are either nonmetallic or metallic elements that play a significant role in the function of modern technology, national security or economies, and that face an inherent risk of supply chain disruption. Copper is crucial in the development of renewable energy technologies and electric cars while nickel is a major raw ingredient in electric vehicle batteries. As the world strives to move away from dirty energy sources such as oil and coal…

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Month: March 2023