December 2024 - MiningNewsWire

MondayDec 30, 2024 10:15 am

Nvidia is Increasingly Focusing on Robotics as Competition in the AI Chips Space Toughens

As competition in the AI chips segment stiffens, Nvidia Corp. (NASDAQ: NVDA) is looking to dominate the emerging AI robotics space. This company, currently valued at approximately $3.3 trillion, helped to launch the meteoric rise of AI and it now wants to market compact computers specifically for humanoid robots. The new crop of computers from Nvidia, referred to as Jetson Thor, is planned to hit the market in early 2025. This new development came to light in a report carried by the Financial Times. Nvidia plans to be the go-to platform when the humanoid robotics race gets underway. Nvidia’s VP…

FridayDec 27, 2024 10:00 am

What the Recent Fed Rate Announcement Means for Gold Investors

Last week, the Fed announced another rate cut on interest, the third one this year. This move lowered the rate of federal funds by twenty-five basis points and builds on prior rate cuts carried out in September and November, with the earlier one seeing the federal funds rate drop 50 basis points. Jointly, these decisions have decreased the benchmark rate by 1%, emphasizing the Federal Reserve’s response to shifting economic conditions. The Federal Reserve hopes that by reducing its benchmark rate, it can encourage spending while staying alert to inflation, which has started rising again in recent months. While this…

ThursdayDec 26, 2024 11:00 am

Central Banks Are Hoarding Gold—Should You Follow Their Lead?

Central banks around the world have been ramping up their accumulation of gold, creating one of the most significant market shifts in years. Over the last two years, governments added over 2,000 tonnes of gold to their reserves (https://ibn.fm/U1IaY)—a pace not seen in the last 20 years. While economic headlines often focus on inflation or interest rate cycles, this relentless accumulation of gold reveals something deeper: a global move to hedge against uncertainty and challenge the dominance of traditional reserve currencies like the U.S. dollar. For investors, it raises an obvious question—if the biggest financial institutions on the planet are…

ThursdayDec 26, 2024 10:00 am

Silver’s Stellar 2024 Performance, 2025 Outlook

Silver has performed very well this year fueled by a number of factors, including the demand for investment-worthy metals driven by a fluid geopolitical landscape. The metal hit a 12-year high, which is commendable while gold achieved multiple new highs this year. Silver’s duality as both a precious and industrial metal is expected to continue influencing its market dynamics. Over 50% of the metal’s total demand is derived from its industrial uses. This year alone, industrial demand for the metal has assisted in the creation of physical tightness within the metal’s market. Sectors like renewable energy and electronics have substantially…

MondayDec 23, 2024 9:30 am

AI is Being Trained to Spot Anomalies During Tests in the Medical Sector

Audra Moran, the head of a global charity (“OCRA”) focused on researching ovarian cancer, says her area of expertise is underfunded and very deadly. Most cases of this disease originate within the fallopian tubes and spread to the ovaries. The problem is, by the time the malignancy spreads to the ovaries, there is a high likelihood that it has also spread to other parts of the body. This is why early detection is critical as life-saving interventions can be carried out. The life-changing window of detection is approximately 5 years before the onset of ovary cancer symptoms, but it is…

FridayDec 20, 2024 10:00 am

Mining in Minnesota is Poised to Benefit from Trump’s Electoral Victory

The mining industry in Minnesota is set to gain from Trump’s inauguration, which will trigger policy shifts that’ll allow Twin Metals to renew efforts to mine precious minerals like nickel and copper in ecologically sensitive land. Twin Metals is a Minnesota mining firm focused on developing and operating an underground mine project in the northeast region of the state. For years now, this mining firm has tried to create and operate a copper sulfide mine on Superior National Forest Land. In 2022, the firm sued the federal government in an effort to revive the proposed mine which it claimed would…

FridayDec 20, 2024 8:45 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Positioned for Strong Role in Growing Copper, Gold Sectors

The outlook for both copper and gold in the coming year is highly optimistic, supported by robust demand trends and supply dynamics. Aston Bay is positioned to play a critical role in the anticipated growth of these metals. Looking ahead to 2025, Aston Bay plans to expand its exploration activities. The outlook for both copper and gold in the coming year is highly optimistic, supported by robust demand trends and supply dynamics. This bodes well for companies operating in the space, including Aston Bay Holdings (TSX.V: BAY) (OTCQB: ATBHF), a publicly traded mineral exploration company exploring for high-grade critical and…

ThursdayDec 19, 2024 10:00 am

Recycling Gold Could Reduce Impact of Illicit Mining in the Amazon, Research Suggests

Artisanal and small-scale gold mining in the Tapajós River Basin, a primary tributary of the Amazon, has resulted in increased greenhouse gas emissions and contamination of water bodies. Mercury is used by miners to separate gold from ore. It is estimated that annually, miners released no less than 2.5 metric tons of this toxic metal into the area, contaminating soil as well as waterways. This not only impacts the environment but also the health of riverine and indigenous communities in this region like the Munduruku people. Different studies have found that every individual in 3 Munduruku villages is contaminated by…

WednesdayDec 18, 2024 8:45 am

Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) Committed to Unlocking Value in Key Battery Metals Space

Battery metals are critical components of lithium-ion batteries, which power EVs, energy-storage systems and an array of consumer electronics. Gartner projects that by the close of 2025, 85 million EVs will be in use globally. Renforth Resources, a junior exploration company, exemplifies the value of a battery-focused metals business model. The rise of renewable energy and electric vehicles (“EVs”) has driven unprecedented demand for battery metals, including nickel, cobalt, copper and lithium. Companies adopting a battery-metals-focused business model, such as Renforth Resources (CSE: RFR) (OTCQB: RFHRF), are uniquely positioned to capitalize on this transformative shift. This approach not only provides strategic…

TuesdayDec 17, 2024 10:00 am

3 Ways Novice Investors Can Invest in Physical Gold

Investors should reevaluate their financial strategies as the new year approaches, as inflation continues to increase and the purchasing power of some currencies is eroded. By finding new ways to protect their portfolios against possible losses, investors have a better chance of safeguarding their wealth and building a foundation for long-term financial security. One of the best ways to do so is to invest in gold. Given that there’s an extensive range of gold assets to choose from, we discuss the best physical options, particularly for beginner investors. One-ounce gold bars These gold bars balance out value and affordability, which…

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Month: December 2024