NewsRoom Articles - Page 108 of 159

MondayJan 10, 2022 1:29 pm

Analysts Predict EV Demand Will Keep Copper Prices High in 2022

Last year was a strong year for base metals such as copper, aluminum, zinc, nickel and steel despite the raging pandemic that affected numerous industries. For instance, the pandemic led to a reduction in the number of workers at mines, with most developing countries closing refineries and mines due to high rates of infection, which in turn impacted levels of production. Companies such as Glencore, BHP and Southern Copper even announced decreases in their levels of production as a result of the pandemic. The physical market’s tightness and the high copper price environment also prompted China to release a considerable…

MondayJan 10, 2022 11:09 am

StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Welcomes Addition to Leadership Team Amid Mining Option Advances for 2022

StraightUp has hired experienced commodities entrepreneur and economic geologist Rod Husband as its new CEO as it enters 2022 in an expansionist phase Mineral property exploration company StraightUp Resources is building excitement for several properties it has optioned in the gold-producing region of Ontario’s famed Red Lake Mining District StraightUp also acquired a mine in the historic Bullfrog Boom area surrounding Beatty, Nevada during recent months The company recently added a listing on the OTCQB Venture Market and eligibility for electronic clearing and settlement of its transactions through the Depository Trust Company The company has completed heliborne investigations at three…

FridayJan 07, 2022 1:31 pm

A Recap of Major 2021 Gold Stories and What to Expect This Year

The performance of gold was less than expected last year after a record-breaking performance in 2020. The metal’s performance was heavily influenced by the hawkish stance the U.S. Federal Reserve held, which decreased the appeal of the metal and created a high interest rate environment. A signal for economic recovery and the arrival of coronavirus vaccines also tilted the market toward high-risk investments, with the promise of high return on other assets attracting even more investors. This didn’t help the metal’s appeal, causing it to make its first annual loss in three years. Despite gold’s slightly underwhelming performance, some advancements…

ThursdayJan 06, 2022 12:30 pm

Sprott CEO Foresees Bull Run for Uranium in 2022

In a recent interview, CEO of Sprott Asset Management John Ciampaglia stated that he foresaw a bull run for uranium this year. Sprott’s Physical Uranium Trust is the sole publicly listed fund that invests in physical uranium in North America. The Toronto-based company was launched last year in July and has grown its assets to roughly $ 1.9 billion, which is a significant increase from its initial $630 million value. When Sprott’s units hit the market after its launch, uranium’s spot price was about $30/pound. Since that time, the company has amassed more than 41 million pounds of uranium, which…

WednesdayJan 05, 2022 1:53 pm

Major Battery Energy Storage Project to Be Launched in San Diego

A major energy storage project is set to launch battery storage systems across San Diego, California, which will add more emissions-free energy to the state’s electric grid. The systems will be designed, constructed and operated by EnerSmart Storage, a renewable energy company based in the county. The company has a portfolio of more than 40 battery storage systems that will make up 160 megawatts and about 330 megawatt-hours of battery storage electricity. This amount is enough to power more than 100,000 homes for a couple of hours. The company plans to construct 12 sites in total by the project’s completion,…

TuesdayJan 04, 2022 2:36 pm

Natixis Predicts $1,630 Price Range for Gold in 2022

Natixis analysts expect tighter monetary policies in the United States and the normalization of the global economy next year to impact silver and gold prices. Bernard Dahdah, a precious metals analyst at the French Bank, stated in an interview that while he wasn’t expecting a total collapse in gold in 2022, he did expect the price of the metal to decline to the levels recorded prior to the pandemic. The French Bank’s 2022 precious metals forecast shows the price of gold averaging at about $1630 per ounce. With regard to silver, Natixis isn’t optimistic either. Dahdah stated that the price…

ThursdayDec 30, 2021 3:45 pm

University of Sydney Researchers Design New Long-Range Wi-Fi System for Underground Mines

Telecommunication researchers at the University of Sydney have designed an industrial long-range Wi-Fi system that maintains high data rates while transmitting signals to places that are difficult to reach. This is unlike existing systems, which have high-latency, short-communication ranges of less than 100 meters and are primarily designed for indoor applications. These features make them unsuitable for critical applications. The system is being developed for crucial applications in underground mines, which require control of sensitive equipment and remote-worker monitoring, with signals that extend a few kilometers underground. The developers assert that the system could also be utilized in university campuses,…

ThursdayDec 30, 2021 10:24 am

Why Energy Storage Systems Are Urgently Needed

As the adoption of clean energy grows, the need for new storage technologies that can do away with the issues that plague renewable energy, such as seasonal imbalances and short-term variability, also grows. Long-term energy storage technologies are the solution to these issues because they can store electricity for a significant amount of time. However, given that the full commercialization of these technologies may be achieved in the long term, the need for a current solution remains. This is where battery energy storage comes in, as the rechargeable technology can store electricity for a couple of hours, which makes a…

WednesdayDec 29, 2021 12:25 pm

WGC Report Shows Gold’s Investment Appeal Growing

A new report by the World Gold Council (“WGC”) highlights that investors have begun to shift towards assets that are less liquid than conventional investments to improve portfolio performance. The council states that investors are also getting involved in riskier investment alternatives seeking higher yields, even with fixed income investments making up a large chunk of their portfolios. The council believes that the investment appeal for gold will strengthen amid the shift to less liquid and riskier assets, given its usefulness as a highly liquid diversifier, which can decrease portfolio volatility. Anecdotal evidence from international conferences and investors, as well…

WednesdayDec 29, 2021 9:51 am

StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Increasing Gold, Silver Mining Assets, as Investors Eye Precious Metals To Counter Inflation

StraightUp is expected to benefit from increased interest in precious metals as investors, traders, and savers rush into gold and silver markets to hedge against inflation, which has risen to its highest point since 1982 Economists expect that the strong inflation will continue driving buyers into gold and other precious metals StraightUp is acquiring various gold and silver mineral property assets in historically prolific regions of both North and South America The latest data released December 10 by the Bureau of Labor Statistics show the US inflation rate rose to 6.8%, its highest point since 1982, on the back of…

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