NewsRoom Articles - Page 119 of 201

FridayFeb 10, 2023 11:41 am

Can China’s Dominance of Rare Earths Segment Be Broken?

In just a couple of decades, China has grown from a struggling communist country to a global economic superpower with a stranglehold on several crucial industries. Along with being one of the largest exporters and importers on the entire globe, China has been steadily monopolizing the rare earths segment. Rare earths or metals are a set of 17 metals, including neodymium, terbium and scandium, that play a crucial role in the development of electronic goods. Although these metals technically aren’t “rare” in terms of deposits, they are incredibly hard to mine and extract because their deposits are usually mixed with…

ThursdayFeb 09, 2023 12:57 pm

London Metal Exchange Adds Members to Nickel Committee to Address Contract Issues

Nearly a year after nickel trading volumes on the London Metal Exchange crashed, the exchange has expanded its membership to come up with more ways to improve the nickel contract. The LME suspended its nickel contract for more than a week in early March 2022 shortly after a rush among investors to cover short positions caused nickel prices to surge by more than 50% in hours to trade at a record $100,000-plus per ton during Asian trading hours. Nickel plays a crucial role in the development of stainless steel and EV batteries. The suspension of nickel trade had wide-reaching repercussions,…

WednesdayFeb 08, 2023 12:52 pm

World Coal Council Urges Nations to View Coal Energy from Practical POV

Coal is without a doubt one of the dirtiest sources of energy man has ever used. After centuries of use, filling the atmosphere with heat-retaining greenhouse gases, dozens of countries across the world have recognized the role played by coal in environmental pollution and global warming. As a result, there has been a global drive to move away from coal and coal-fired power plants to renewables that cost less and have a significantly reduced impact on the environment. Unfortunately, the global energy crunch, which was severely exacerbated by Russia’s invasion of Ukraine, prevented most countries from keeping their coal promises…

WednesdayFeb 08, 2023 10:30 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Commissions Demonstration Plant; Plans for Louisiana Strategic Metals Complex

Ucore’s RapidSX(TM) Demonstration Plant will be located within the company’s 5000 square foot Commercialization and Demonstration Facility in Kingston, Ontario A Strategic Metals Complex is being planned in Louisiana with an initial capacity of 2,000 tonnes per annum and increasing to production of 5,000 tonnes Cerium, neodymium, lanthanum, praseodymium, yttrium, and dysprosium are expected to remain the most sought-after REEs, with high demands in magnet manufacturing and the automobile industry The global rare earth element market was valued at $2.8 billion in 2018 and is expected to grow at a CAGR of 10.4% through 2025 Ucore Rare Metals (TSX.V: UCU)…

TuesdayFeb 07, 2023 12:41 pm

Human Waste May Help Address Global Fertilizer Shortage

For the past couple of years, the world has been gripped by a fertilizer shortage that has impacted food production across several continents and significantly increased fears of food insecurity. The fertilizer shortage worsened in early 2022 when Russia invaded Ukraine and disrupted crucial shipments of fertilizer. Since Russia is the largest nitrogen fertilizer exporter and the second-largest exporter of potassium and phosphorus fertilizers in the world, farmers across the globe felt these shipment disruptions acutely. Furthermore, Russia’s ally Belarus, another powerhouse in fertilizer production, was forced to deal with Western sanctions, further reducing the number of fertilizer shipments leaving…

TuesdayFeb 07, 2023 9:00 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Reports Key Advantages of McEwen Copper’s Los Azules Project

McEwen Copper’s Los Azules Project is a large porphyry copper-gold-silver deposit with considerable growth potential, with ultimate depth and lateral extents that remain to be determined McEwen Copper, subsidiary of McEwen Mining, is expected to be game-changing, possibly becoming the world’s next copper unicorn The copper mining market was valued at $75 billion in 2021 and is expected to reach $80 billion by 2029 McEwen Mining (NYSE: MUX) (TSX: MUX), an asset-rich diversified gold and silver producer in the Americas, with large exposure to copper through its 68-percent-owned subsidiary McEwen Copper, has reported rich copper values over attractive widths, resulting…

MondayFeb 06, 2023 12:00 pm

Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Announces Successful Capital Raising; Net Proceeds Will Be Destined Towards Ongoing Bolivian Mining Operations

Eloro Resources announced the successful completion of its primary share issuance in late January, 2023 The placement, which comprised of over 3.4 million primary shares issued at a price of c$3.15, raised gross proceeds of approximately C$10.9mn The proceeds will be destined to Eloro’s ongoing Bolivian mining operations as well as general corporate purposes Eloro Resources is set to disclose its initial resource estimates for its flagship Iska Iska Project in coming months Eloro Resources (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,…

MondayFeb 06, 2023 11:19 am

Renewables Look Increasingly Attractive As Coal Plant Costs Remain High

As America looks to adopt green-energy sources into its energy mix over the next few decades, most of the benefits of this move have been described as environmental. After all, cutting out polluting sources of energy such as coal and oil would clean up our air and keep water bodies clean and fresh for human consumption. Furthermore, a long-term and sustained green-energy drive could halt global warming and even undo some of the damage caused by burning dirty fossil fuels for centuries. With these goals in mind, the United States is planning on investing billions of dollars into researching, developing…

FridayFeb 03, 2023 11:03 am

Norway Discovers Huge Mineral Deposits On Seabed

Norwegian authorities revealed last week the discovery of “substantial” amounts of mineral deposits on its continental shelf seabed. Officials announced that a study had discovered the presence of significant metal and mineral deposits ranging from rare earths to copper along the seabed on its extended continental shelf. Led by the Norwegian Petroleum Directorate (NPD), the study unearthed the presence of niobium, cobalt, magnesium and rare earth metals that are documented on the European Commission’s critical minerals list. Norway is one of the largest oil and gas exporters in the world, with the Nordic country planning to export an estimated 122…

FridayFeb 03, 2023 9:00 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) – Los Azules Project Could Be World’s Next Copper Unicorn

Both gold and copper have seen significant increases in market value in recent months, and copper is forecast to be one of the best-performing of all commodities in 2023, based upon increased demand and projected shortages McEwen Mining is a majority shareholder of McEwen Copper, which owns the Los Azules copper deposit in Argentina, one of the largest undeveloped copper projects in the world McEwen Copper plans to update its PEA (preliminary economic assessment) during Q1 2023, follow with IPO during Q2, and complete the Feasibility Study in 2024 Historically, gold has been a staple in investment portfolios due to…

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