NewsRoom Articles - Page 109 of 181

FridayOct 14, 2022 1:17 pm

Increasing Energy Prices Push UK Households Back to Coal for Heating

After the increase in the price of energy, a growing number of people have reverted back to the use of logs and coal to heat their homes. One coal merchant recently revealed that he was the busiest he’s been in decades. Recently, United Kingdom officials announced an energy-support package in the government’s mini budget. However, more people are requesting for long-term decisions to be made. Burnham Coal Supplies’ Andrew Mount stated that he’s seen customers who had been using gas turn to coal; he claims that some are even stockpiling. Yeovil resident Jo Twist revealed that her coal bunker was…

ThursdayOct 13, 2022 12:47 pm

USDA Announces New Grants to Boost Domestic Fertilizer Production

The USDA recently announced that half a billion dollars in grants had been made available to increase the production of fertilizers domestically. This will be achieved through the Fertilizer Production Expansion Program, whose objective is to promote competition in agricultural markets. The department revealed that these funds would be made available through the Commodity Credit Corporation. Tom Vilsack, secretary of the U.S. Department of Agriculture, stated that the department believed in the growth of local, innovative businesses shared and owned by individuals who could build opportunities, fill gaps and best serve the unique needs of their own communities. Vilsack added…

WednesdayOct 12, 2022 2:01 pm

Climate Change Watchdog Says 46% of Coal Firms Are Expanding Operations

Coal is the most carbon-intensive fuel with regard to emissions, which makes it the top replacement priority as the world transitions to the use of renewable sources of energy. The burning of fossil fuels such as coal, gas and oil are said to be the primary drivers of the climate crisis. A new report by Urgewald highlights that almost one-half of the coal industry plans to develop new projects, with other companies refraining from retiring assets even as extreme weather events become more frequent and worse globally. In the past few months, China has recorded its most severe heat wave…

TuesdayOct 11, 2022 1:56 pm

Gold Surpasses $1,700 as US Data Drives Sentiment Shift

Earlier last week, gold continued its rally surpassing its $1,700 an ounce price. This comes as weak data drives a shift in sentiment in the precious metals market. The price of spot gold gained a little over 1% to reach $1,719.04 an ounce. This is its highest price in three weeks. Meanwhile, benchmark 10-year treasury yields in the United States declined to a new low as the dollar extended its decline, which in turn, made gold cheaper for other currency holders. Experts believe that bullion is coming nearer to its 50-day moving average after its surge last Monday when a…

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…

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