NewsRoom Articles - Page 103 of 206

ThursdayAug 24, 2023 2:19 pm

Tellurium Could Transform Battery Chemistry, Accelerate EV Adoption

Battery technology is currently undergoing a revolution that could result in the development of much more energy-dense electric vehicle batteries and spur EV adoption. Lithium-tellurium batteries just may be the spark the battery industry needs to boost battery efficiency without increasing costs or harming the environment, thanks to their high energy density, low cost and long cycle life. As the world transitions from fossil fuels to renewable energy, it will have to significantly expand its stationary battery storage capabilities. This will call for the development of newer battery technologies that can hold more power for longer to store renewable energy…

WednesdayAug 23, 2023 2:16 pm

China’s Low Inventory of Copper Contradicts Global Reality

Copper prices have fallen for the past several months amid a global energy crisis, worsening cost of living crisis and increasing geopolitical tension. Because copper’s performance is traditionally associated with broader economic metrics, reducing copper prices have increased fears of a global economic slowdown. Prices for the red metal have trended downward partly due to reduced demand, particularly from major copper importer China, and disappointing import and export data from the Asian nation. A sharp drop in global demand caused by worsening economic conditions in Europe and slowed economic recovery in manufacturing giant China also caused prices to drop significantly…

TuesdayAug 22, 2023 3:53 pm

How Silver, Gold Markets Differ

Both gold and silver are precious metals with safe-haven appeal that do not pay dividends or interest and that require investors to pay storage costs. They have a rich history of use as currencies and are currently among the most commonly traded metals and assets in commodity trading. Investing in silver and gold is a great way to diversify your portfolio and add more stability, especially during times of political and economic upheaval. High demand for gold and silver from the electronics and jewelry industry also makes both metals a great investment outside of their safe haven appeal. However, despite…

TuesdayAug 22, 2023 1:15 pm

From Changing a Tire to Uncovering the Next Lode: How AI is Revolutionizing the Mining Industry

The mining industry has always been at the forefront of technological progress. From the steam engine enabling coal mining to be profitable, to advanced drilling techniques, innovation has played a pivotal role in improving productivity and efficiency. In recent years, the adoption of artificial intelligence (AI) has emerged as a game-changer for mining, allowing for more efficient exploration, taking automation to new levels, generating greater yields, dramatically improving safety, and maximising extraction, maintenance and operational performance. Improving mine site efficiency AI-powered systems are being rolled out across mining operations to enhance resource estimation accuracy. By examining geological data patterns and…

MondayAug 21, 2023 2:25 pm

Coal Miners Support Proposals to Curb Silica Dust Levels in Mines

Coal mining is a dangerous endeavor for both the environment and the miners tasked with extracting the substance from the ground. Continued exposure to airborne respirable dust increases coal miners’ risk of developing lung disease, can cause permanent scarring in the lungs and impair their ability to breathe. Former coal miner Terry Lilly recently spoke to a panel of federal regulators about how coal mining impacted his health. Struggling to speak, Lilly informed the panel that he suffers from black lung, a deadly respiratory condition that affects coal miners after sustained exposure to silica dust particles. The deadly lung condition…

MondayAug 21, 2023 9:45 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Among Companies Leading Charge to Abate Reliance on Chinese Tech Metals Amid Ongoing Trade War

The United States and other Western nations have been embroiled in trade tensions with China since 2018 as a consequence of China’s efforts to control its industries’ exports of metals critical to modern digital and green technologies China imposed new licensing controls on the exports of the metals gallium and germanium that it processes, prompting fresh concerns about China’s ability to choke resources to the global market it supplies Ucore Rare Metals is a supply chain innovator dedicated to increasing American production of critical metals in order to reduce reliance on trade with China Ucore’s proprietary RapidSX(TM) processing solution for…

FridayAug 18, 2023 1:30 pm

Swiss Gold Refiner Discusses Challenges of Transparency

Although Switzerland is not a major gold producer, it arguably plays a more important role in the global gold market compared to many gold-producing nations. Switzerland hosts four of the seven top precious metal refineries in the world and refines around 50% to 70% of the global gold supply. The country’s world-famous banks are also critical to marketing gold bullion, making the country a major hub for upmarket jewelry and watches. However, Switzerland’s involvement in the global gold industry has drawn increased scrutiny due to transparency issues and claims of the Swiss gold industry’s involvement in mining abuses and illegal…

ThursdayAug 17, 2023 2:25 pm

Gold, Copper Down as US CPI Data Is Released

Recent data from the Consumer Price Index (CPI) has reduced investor interest in gold and copper, causing prices for the two metals to falter amid mixed cues about inflation in the United States. Prices for the precious metal steadied last week after a month of relative lows while copper prices went down partly thanks to growing concerns over reduced imports by China, arguably the largest copper consumer on the globe. CPI data showed that consumer inflation levels in the U.S. went up from June to July and were well over the U.S. Federal Reserve’s annual inflation target range. The data…

ThursdayAug 17, 2023 9:00 am

Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Is ‘One to Watch’

Prospera’s holdings include significant remaining reserves totaling an estimated half a billion barrels of oil across more than 42,000 acres in Saskatchewan and Alberta Following a top-down reorganization in 2021, the company is poised to rapidly expand its production in the coming months while implementing key ESG initiatives to reduce the environmental footprint of its operations Prospera is exploring a potential acquisition opportunity that could see its production capacity expanding beyond 5,000 barrels per day The company is led by a team with extensive, diverse petroleum industry experience and a proven track record of reorganizing organizations, structuring financing arrangements and…

WednesdayAug 16, 2023 3:37 pm

Rising Costs Cause Newcrest Profits to Drop 11%

Australian mining giant Newcrest Mining Ltd has posted an almost 11% drop in yearly profits due to increased operating costs and lower copper prices. Newcrest Mining said that it recorded a $778 million underlying profit for the financial year ended June 30, 2023, more than the projected profit of $689.7 million but less than the $872 the gold miner posted last year. In mid-July, CFRA Research estimated that copper prices fell by 11% to $3.85 per pound in July 2022 to July 2023 and predicted that copper miners would post a fall in their profits. Sprot Asset Management analyst Steve…

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