May 2023 - Page 3 of 4 - MiningNewsWire

WednesdayMay 10, 2023 3:26 pm

Report Forecasts Demand Increase for Magnet Rare Earths

Adamas Intelligence recently released a report which forecasts that the worldwide demand for neodymium magnets will rise at a compound annual growth rate (CAGR) of 7.5% in the period between 2023 and 2040. Neodymium magnets or NdFeB as they are also known, are widely used rare-earth magnets made of iron, neodymium and boron. Adamas Intelligence is an independent research and advisory company based in Toronto, Ontario, focused on critical minerals and metals research. The company believes the demand for the metals will be bolstered by the growth of the wind power and electric vehicle sectors. The report states that this…

TuesdayMay 09, 2023 9:00 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) CEO: Superior REE Separation Tech Being Demo’d Will Give North America Advantage in Production

Canada-headquartered critical metals company Ucore Rare Metals Inc. is in the process of demonstrating its flagship rare earth element (“REE”) separation technology and is preparing to begin construction on its first commercial-scale processing facility later this year Ucore’s proprietary RapidSX(TM) solvent extraction process will provide a unique advantage to the standard SX extraction process used for REEs throughout the world, using the same elements as SX but rapidly accelerating production time Rare earths are vital elements for modern high-powered technologies ranging from cell phones to electric vehicle magnets China currently controls the REE separation market and Ucore’s plans are poised…

MondayMay 08, 2023 3:32 pm

International Finance Corporation Stops Funding New Coal Projects

The International Finance Corporation (IFC) is the biggest development institution globally, focused on the private sector in developing nations. This institution recently announced its plans to stop supporting new coal projects under its updated Green Equity Approach Policy. Prior to this, the policy required its clients to decrease their exposure to zero by 2030. Financial intermediaries make up over one-half of the institution’s investments and have been granted nearly $40 billion since 2019. This support has allowed its clients to support a number of new coal projects over the last five years. For instance, PVI Holdings offered insurance to Vietnam’s…

FridayMay 05, 2023 11:37 am

New Tech Helps Farmers Optimize Fertilizer Application

Almost two decades ago, Lake Victoria was contaminated with a type of algae known as cyanobacteria, which caused it to turn green. The lake, which borders Kenya, Tanzania and Uganda, is said to be the biggest lake in Africa. The contamination wasn’t an isolated incident, however, as data shows that roughly 40% of lakes and reservoirs globally have been impacted by this contamination. Fertilizers are said to be the main cause, with irrigation and rainfall eventually causing the nutrients in fertilizers to run off into rivers and lakes or sink into groundwater. The algae in the water then rapidly reproduces…

FridayMay 05, 2023 9:45 am

Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) Seeks to Supply the North American EV Battery Supply Chain

The U.S. Inflation Reduction Act is set to drive a boom in the U.S. electric vehicle industry Under the scheme, vehicles which source at least 40% of their components from North America or U.S. trade partners can be eligible for tax credits of up to $7,500 Most of the world’s graphite current comes from North-Eastern China with only one functioning natural graphite mine within North America at present Reflex Advanced Material are working towards developing two potential graphite mining sites within North America, with the goal of supplying the burgeoning U.S. EV battery supply chain On the outskirts of the…

ThursdayMay 04, 2023 1:40 pm

Analysis Shows Drop Demand for Coal, Natural Gas in the EU

A think-tank based in the United Kingdom recently conducted an analysis which revealed that countries in the EU are using less natural gas and coal to generate power in comparison to previous years. This is despite the current energy crisis brought on by Ukraine’s invasion by Russia. Ember’s analysis revealed that between October 2022 and March 2023, coal-powered generation in the European Union reduced by 27 TWh. The firm reported that the worst impacts of the energy crisis had been avoided thanks to a decrease in electricity demand, an increase in renewable energy use and a mild winter. Total consumption…

WednesdayMay 03, 2023 12:09 pm

Research Shows Ancient Romans Missed Huge Silver Deposit in Germany

A new archaeological study has found that Romans in 47 AD had tried to exploit a rich deposit of silver located in western Germany. The study, conducted by the Department of Archaeology and History of the Roman Provinces at Goethe University, found a military camp in the area that looks like what the historian, Tacitus, wrote about nearly two millennia ago. The researchers used geomagnetic prospecting for their study, which found an eight-hectare military camp with roughly 40 wooden towers. It is estimated that about 3,000 soldiers were stationed in the camp. In his writing, Tacitus described how under Governor…

TuesdayMay 02, 2023 1:34 pm

Coal Use in Ukraine Increases as War with Russia Continues

Coal reserves in Ukraine are estimated at 60 billion tons, with 23 billion being proven and probable while 10 billion tons can be extracted for economic uses. According to the country’s mining trade union, an organization that advocates for the rights of employees working in the coal industry, this fuel makes up 95% of its domestic energy resources. Up until recently, Ukraine was the third biggest producer of coal in Europe. From the time Russia invaded the country, the use of coal has taken on a more significant role as the war rages on given how other energy sources have…

TuesdayMay 02, 2023 9:00 am

Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) Aims to Meet Surging Graphite Demand Amid Global Electrification Push

Global governments pushing for the electrification of homes, businesses, and transportation networks Graphite conducts electricity efficiently, used in battery electrodes, motors, generators, and as lubricant in the manufacture of switches and circuit breakers RFLXF owns the option to acquire 100% interest in the Ruby Graphite project in Montana, USA RFLXF’s project portfolio includes the ZigZag Lithium Property in Ontario and the Ruby Graphite Project in Montana Drilling for the Ruby Graphite Project expected to commence Summer 2023 In late 2022, the White House unveiled its New Innovation Agenda with plans to electrify homes, businesses, and transportation networks (https://ibn.fm/iJlBy). The EU…

MondayMay 01, 2023 2:53 pm

Market Outlook for Silver Improves as Supply Deficit Grows

Similar to gold, silver has been performing well this year, recently reaching a new highest price. This last month, the prices of the metal have increased by almost 20%, surpassing other precious metals like palladium, platinum and even gold. The metal’s boost comes as the value of the U.S. dollar struggles, having declined by over 9% since September 2022. It is expected that silver will continue on its present trajectory until the year’s end, assuming the Fed slashes interest rates. Silver inflation-fueled rally has many people hopeful that the metal may finally pass its highest price of $30/ounce, last recorded…

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Month: May 2023