NewsRoom Articles - Page 102 of 174

MondayOct 10, 2022 12:34 pm

Washington Will Struggle to Fully Wean the US Off Russian Nuclear Fuel

Several developed nations have passed a host of sanctions against Russia in a global bid to stop its misguided war in Ukraine. Months after Russia declared war on Ukraine and breached its borders, dozens of countries placed sanctions on Russian exports, limited the movement of Russian money and cut the country off from critical exports. However, despite efforts by the United States to distance itself from Russian exports, it seems Washington will have a hard time weaning itself off of Russian nuclear fuel. Since Russia is one of the top energy producers in the world, several countries rely on it…

FridayOct 07, 2022 9:59 am

Coal Surpasses $200 per Ton as Energy Crisis Worsens

Most Western countries were forced to abandon their green-energy plans in the wake of the Russia-Ukraine war. Over the past decade, several developed nations had pledged to phase out the use of coal, undoubtedly the dirtiest fuel on the planet, in favor of greener alternatives. However, that all went out of the window when Russia invaded Ukraine. Russia is a major player on the global energy scene, producing more crude oil than most countries with the exception of the United States and Saudi Arabia, and producing 700 billion cubic meters of natural gas in 2021. The invasion, along with efforts…

ThursdayOct 06, 2022 1:21 pm

Is Now a Good Time to Invest in Gold?

During times of economic upheaval, investors have traditionally stored their wealth in assets such as gold. Since gold is especially resistant to economic downturns, the metal acts as a great store of value and is often in high demand when investors foresee inflation or recession. With the global economy taking a battering in recent years due to the coronavirus pandemic and the Russia-Ukraine war, most financial experts are predicting that economic conditions will deteriorate worldwide. Actions by the U.S. Fed and central banks around the world to combat inflation have only increased fears of a recession among most pundits. In…

WednesdayOct 05, 2022 11:21 am

Copper Expected to Experience Shortages as Demand Increases

Dr. Nicole Adshead-Bel, a director at Cupel Advisory, stated last week that as Europe and the United States move toward using more electricity in energy and transportation, the demand for copper would increase as a result of the current supply crunches. Copper is usually used in renewable energy systems to generate power from hydro, solar, wind and thermal energy. Adshead-Bell added that copper was an important industrial metal, noting that there was a shortage in supply as well as few new sources. Projections show that by 2040, the demand for copper will have risen by 50%, mainly driven by transportation…

TuesdayOct 04, 2022 10:28 am

Researchers Call for Use of Metals in Fighting Infections

More than one billion individuals usually contract fungal infections globally. While most are harmless, more than 1.5 million people die annually because of fungal infections. A team of scientists from the University of Queensland and the University of Bern, among other institutions, have shown that more than 20 highly active metal compounds, which contain gold, molybdenum, platinum, iridium, cobalt, europium, silver, nickel, palladium and rhodium, can be used in the treatment of fungal infections. The team of researchers was led by Dr. Angelo Frei. The scientists’ objective was to investigate the use of metals in the development of new treatments…

MondayOct 03, 2022 10:21 am

Metals See Slight Recovery as Traders Weigh Dollar Trend, Recession Fears

Industrial metal prices have registered a slight recovery amid a cooling in the dollar’s rally. The greenback has been on quite a roll for the past few weeks, achieving historic highs with the dollar rally sending ripples through financial markets across the world. Surging dollar prices had a dampening effect on the commodities market, unfortunately, with commodities such as precious and industrial metals, including gold, dropping by 1% to trade at $1,709 an ounce as the dollar hit a new decade high in value. However, a slowdown in the greenback’s rally eased the cost pressure of dollar-priced commodities and allowed…

FridaySep 30, 2022 11:28 am

Gold Hits Two-Year Low as Rate Hike Galore Intensifies

Gold investors have plenty of reason to worry as prices for the precious metal have continued their downward trend into the last weeks of September. Last week, gold prices hit a two-year low as central banks across the world raised their interest rates alongside the U.S. Federal Reserve to prevent inflation. With the global economy in a spiral since the COVID pandemic and the Russia-Ukraine war coupled with worldwide shortages and supply chain constraints, the cost of living has risen significantly in recent months. The Fed has gotten increasingly worried about the state of the economy and increased the benchmark…

ThursdaySep 29, 2022 11:44 am

Challenges Expected as Demand for Small Modular Reactors Grows

During the World Nuclear Symposium, which was held in London, experts discussed how increased interest in small modular nuclear reactors meant that building the industrial capacity which would facilitate the production of the reactors required was among the challenges companies will face as they work to make this a reality. During a panel session, Rick Springman and Jon Ball discussed their objectives to have small modular reactors operational in the next decade. Springman is the senior VP of international projects for Holtec International while Ball is the executive VP of market development for GE Hitachi Nuclear Energy. Ball stated that…

WednesdaySep 28, 2022 12:51 pm

Europe’s Energy Shortage to Last Beyond Winter, Analysis Firm Says

Analysts at Energy Aspects have confirmed that the reduced supply of energy in Europe as a result of sanctions imposed against Moscow, which has caused export routes for gas to be shut down, will leave the EU clambering for gas and oil well into the winter. Energy Aspects is an energy and macro research consultancy that provides research, analysis and data of key energy commodities. In an interview with Bloomberg last week, Amrita Sen, director of research and founder of the analytical firm, stated that this energy crisis wasn’t a one-winter story. Sen explained that in order for the market…

TuesdaySep 27, 2022 11:15 am

Nuclear Fuel Plant in South Carolina to Run for Four More Decades

Last week, the U.S. Nuclear Regulatory Commission approved a new license that would allow Westinghouse Nuclear to keep running for an additional four decades. Environmental groups had fought against this, asking that federal officials at least limit the license to 20 years if it couldn’t be rejected. They based their argument on various environmental and safety issues that have plagued the facility since 1980. These problems include pollution of groundwater near the factory, uranium build-up in an air pollution control device and nuclear material leaking through the floor of the plant, which is located in South Carolina. Despite the sound…

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