November 2023 - MiningNewsWire

TuesdayNov 28, 2023 12:43 pm

Gold Miners Report Strong Fundamentals in Q3 2023

Top gold miners around the world have reported strong financial results for Q3 2023, thanks to a combination of lower mining costs and increasing gold prices that resulted in skyrocketing profits through the third quarter of the year. Growth in the global gold industry over the third quarter was so substantial that major miners were able to overcome depletion and maintain relatively stable collective output. Some gold stocks registered the highest-ever growth in earnings amid high gold prices that are likely to attract institutional investment to the relatively struggling gold sector. The mining industry as a whole has struggled to…

MondayNov 27, 2023 2:37 pm

Analysis Finds That to Meet Emissions Goals, Coal Use Must Reduce Seven Times Faster

A new report has found that major shifts will be needed if any meaningful change in the fight against climate change is expected to occur. The report, published last week, points to the seriousness of the challenges policymakers face as they prepare for the upcoming climate change summit set to occur in the UAE this November. The report centered on the 2015 Paris Agreement, whose aim was to restrict global warming to 1.5o Celsius. It developed targets for 2030 and 2050 that aligned with the agreement, highlighting that only one indicator was set to meet its 2030 target: the sale…

WednesdayNov 22, 2023 2:09 pm

Swiss Court Decision Deals a Blow to Making Gold Industry More Transparent

The Switzerland Federal Court has snubbed a request from a Swiss NGO that would require the provision of more detailed data on imported gold and increase transparency in the industry. Gold has attracted the attention of unscrupulous players since time immemorial, and the global gold industry is still inundated with bad players who flout human rights and other laws in their bid to profit from the precious metal. Refineries are often secretive about the origins of their gold ore, likely because a decent portion is sourced from conflict regions such as eastern Congo where militias, criminal groups and even mercenaries…

TuesdayNov 21, 2023 2:45 pm

Market for Synthetic Graphite Recovers from COVID-19 Shocks

A recent report has revealed that the global market for synthetic graphite is poised to experience substantial growth over the next five years. The "Synthetic Graphite Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)" report predicted that the worldwide market for this commodity will grow from an approximate value of $2.99 billion this year to $4.16 billion by 2028 at a compound annual growth rate of 6.83%. The market has effectively rebounded from the shocks caused by the coronavirus pandemic, and experts predict it will maintain its expansion in the near future. According to the…

TuesdayNov 21, 2023 10:30 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Makes Visionary Pitch for Domestic REE Supply Chain at Fall Mining Showcase 2023

Rare earth element (“REE”) enterprise Ucore Rare Metals Inc. is developing an innovative separation technology for REEs critical to modern computer technologies The company is preparing to advance the operational machinery being used to demonstrate Ucore’s proprietary RapidSX(TM) solution side-by-side with conventional separation technology, designing a similar commercial operation that will begin commissioning next year in Louisiana China currently dominates the global market for mining, processing, and product creation for REEs, leading to American concerns about vulnerability to price and supply policies controlled by China’s government Ucore has received a $4 million award from the U.S. Department of Defense to…

MondayNov 20, 2023 3:58 pm

Western Producers of Rare Earths Seek Premium Prices to Counter China’s Dominance

A handful of Western critical-mineral explorers are looking to command premium prices for metals that will be key to the green-energy transition in exchange for ridding western countries of their reliance on China in the rare-earth metal segment. China is a key player in this sector and controls roughly 95% of the supply and production of all rare-earth metals, granting it a monopoly in an industry with significant strategic value. With tensions between China and western countries rising, and China using its monopoly to dictate prices as well as control export to stir conflict among end users, these countries are…

FridayNov 17, 2023 11:47 am

Chinese Companies Heavily Invest in Indonesia’s Nickel Sector, Complaints about Working Conditions Abound

Chinese companies have invested more than $14 billion into Indonesia’s nickel sector over the past decade building smelters, refineries, a nickel museum and a new metallurgy school. Nickel’s primary applications are in stainless steel production, but the metal is also key to the fledgling electric vehicle industry because of its use in EV batteries. With most nations pledging to switch to battery electric cars over the next few decades, nickel is poised to see explosive demand. These Chinese companies have secured the metal’s supply for at least a decade. However, while producing green-transition metals such as nickel and creating job…

ThursdayNov 16, 2023 2:22 pm

Canadian Firm Launches Satellite to Monitor C02 Emissions from Coal Plants

Last week, an emissions monitoring company in Canada launched a satellite from the Vandenberg Space Force Base in the United States. The company, GHGSat, launched the Vanguard satellite to detect CO2 emissions from facilities such as steel mills and coal plants from space. GHGSat focuses on key markets such as oil and gas, waste management, power generation, coal mining, agriculture and financial services. In a statement, the company explained that satellites currently in the atmosphere that monitor carbon dioxide did not focus on emissions at the facility level. The company’s move to launch another satellite to monitor facility emissions comes…

WednesdayNov 15, 2023 1:57 pm

October Data Shows Fertilizer Prices Remain High

DTN’s price tracker for the retail price of fertilizer in the United States shows that the price has continued to increase, as seen in the last week of last month. DTN collects price bids of fertilizer from agriculture retailers weekly to compile its fertilizer index. Figures show that in comparison to September, the prices of six of the eight major fertilizers were higher. This includes UAN32, which hit $415 per ton and UAN28, which reached $358 per ton. MAP also saw its price reach $801 per ton, DAP averaged at $713/ton and 10-34-0 got to $611/ton. Of all the increases,…

WednesdayNov 15, 2023 9:45 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) To Quantify Previous Attributes of its RapidSX(TM) Technology Platform Following Technical Update on Louisiana Demo Plant

Ucore, a company engaged in the exploration for plus separation and scalable production of REEs, just announced a technical update on its RapidSX(TM) Demonstration Plant in Kingston, Ontario Mike Schrider, the company’s VP and COO, lauded this milestone, noting how it ultimately led to optimizing the chemistry delivery and feedback systems to and from the RapidSX(TM) platform within the plant These steps will lead the way to demo plant commercialization, scale-up, and technology transfer, for its developing 7,500 tonnes per annum (ex-cerium and ex-yttrium) REE separation plant - the Louisiana Strategic Metals Complex ("LA-SMC") in Alexandria, Louisiana Ucore Rare Metals…

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Month: November 2023