NewsRoom Articles - Page 117 of 195

TuesdayDec 27, 2022 2:04 pm

IEA Expects Global Coal Use to Hit New High

A new report expects that the use of coal globally will increase by more than 1% this year to exceed 8 billion metric tons for the first time ever. The use of coal has a significant impact on the environment, given that burning coal is the most polluting way to produce energy. Burning this fuel leads to the emission of carbon dioxide as well as toxic and carcinogenic substances into the air, land and water. The U.S. Energy Information Administration has listed other emissions from coal combustion, which include sulfur dioxide, nitrogen oxides and particulates. The International Energy Agency (IEA)…

ThursdayDec 22, 2022 12:28 pm

Why Investors May Benefit from Going Long on Silver

Precious metals such as silver and gold have traditionally seen a spike in demand during economic downturns. Their ability to maintain their value during periods of political and economic uncertainty makes them extremely attractive to investors who are looking to preserve the value of their assets and investments. However, a surging dollar coupled with consecutive interest rate hikes by the U.S. Fed kept silver prices in check for a significant portion of the year and eroded some of its appeal as a safe haven asset. Even so, there are signs that silver may rally in 2023 and even achieve the…

WednesdayDec 21, 2022 11:25 am

Challenges the Energy Transition Poses to Critical Mineral Industry

The world’s transitioning from the use of fossil fuels in favor of clean energy will advance the development of energy-storage technologies while also limiting greenhouse-gas emissions globally. The primary goal of the transition is to mitigate climate change, as stipulated in the 2015 Paris Agreement. Achieving this will require considerable investments from both public and private entities, the use of technological innovations and various regulatory interventions. Renewable energy-generation technologies and electric cars are some of the technologies required in this transition. These technologies require substantial amounts of critical minerals, which mean the demand for critical minerals is expected to increase…

TuesdayDec 20, 2022 1:45 pm

US Exports of Coal to Europe Jump 46%

Coal plants produce one-fifth of global greenhouse gas emissions, which means that this fuel has a greater adverse impact on the environment than any other source. We have seen many countries, especially in Europe, reduce their use of coal in favor of cleaner energies in the recent years. However, the ongoing transition from fossil fuels was not helped by the current energy crisis, and with not enough infrastructure to meet the growing demand for power, many countries reverted back to using coal. This can be seen in coal exports into Europe from the United States, which have grown by more…

TuesdayDec 20, 2022 10:30 am

Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Nears Completion of Maiden Exploration Works; Executive VP, Bill Pearson Expresses Optimism During Recent BTV Interview

Eloro Resources’ Executive VP of Exploration, Bill Pearson was recently featured on BTV During the interview, Pearson revealed his optimism surrounding the company’s ongoing exploratory works within Bolivia’s Iska Iska project Eloro Resources have now drilled over 70,000 meters cumulatively across 102 holes whilst employing five drills The company is now working towards publishing its maiden mineral resource estimation report alongside its NI 43-101 Two years ago, Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec, was taking its initial steps…

MondayDec 19, 2022 11:24 am

Gold Rallies on Lukewarm U.S. Consumer Price Index Data

The past couple of months have been hard on precious metals such as gold, which usually fared well when the economy falters. Traditionally in high demand during times of economic upheaval because its value generally does not diminish, gold has seen its performance drop amid increasing inflation and a surging dollar. However, projections for the last few months of the year and 2023 have been hopeful, stating that gold will perform much better than it has in 2022. Last week, gold and silver saw prices in the United States surge after officials released a lukewarm Consumer Price Index (CPI) data…

FridayDec 16, 2022 12:56 pm

Glencore Foresees Huge Copper Deficit in Short-Term

During its latest investor update, Glencore stated that it expected to see a big shortage in copper soon. This deficit has also been pointed out by other industry players, with the multinational commodity trading and mining giant noting that a copper supply crunch could slow the clean energy transition. Glencore CEO Gary Nagle stated in the company’s presentation that while commodity shortages were looming, the current price was not reflecting this change. Based on the International Energy Agency’s net-zero emissions pathway, the mining company estimates that between 2022 and 2030, the world will be more than 50 million tons short…

ThursdayDec 15, 2022 1:52 pm

2023 National Defense Authorization Act Targets Russia’s Gold Reserves

Russia invaded Ukraine in February of this year, causing a standstill in energy exports for months and leading to the current energy crisis in Europe. Last week, the U.S. House of Representatives approved the annual National Defense Authorization Act, which will increase the Department of Defense’s spending to $857.9 billion in fiscal year 2023. The spending legislation authorized $30.3 billion for national security programs in the Department of Energy and $816.7 billion for the defense department. It also includes an amendment that will make it harder for Russia to use its gold reserves. Under the proposed bill, any entities in…

WednesdayDec 14, 2022 1:21 pm

World Gold Council Remains Bullish for Gold in 2023

Despite traditionally acting as a store of value during times of economic upheaval, gold has struggled in the past couple of months as inflation and a surging dollar impacted gold prices. With 2022 coming to a close amid a struggling global economy and full-blown recession, the consensus would be that, based on recent data, gold stocks will continue to struggle into 2023. However, the World Gold Council believes that the precious metal will perform positively in 2023 despite an “unusually high level of uncertainty” around next year’s projections for the metal. According to the council’s “Gold Outlook 2023: The Global…

TuesdayDec 13, 2022 1:07 pm

International Energy Agency Forecasts Significant Increase in Use of Renewable Energy

Last week, the International Energy Agency stated that the capacity to produce renewable energy globally would increase by more than 70% in the next five years. The agency believes that this will mainly be driven by energy security concerns as more countries turn to the use of renewable sources of energy such as wind and solar in an effort to decrease their reliance on fossil fuels. According to the agency’s forecast, renewable energy will overtake coal to become the biggest source of electricity globally by 2025. The International Energy Agency expects that during this period, capacity will reach 5640 GW,…

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