NewsRoom Articles - Page 124 of 195

FridaySep 23, 2022 12:45 pm

Silver Stocks Dwindle at COMEX, LBMA

Silver stocks at the London Bullion Market Association haven’t been in the best shape for the past free months. Considered the largest silver exchange on the globe, the London Bullion Market Association held more than 1.1 billion ounces of silver in its vaults as of November 2021. However, the silver holdings in the exchange’s vaults have steadily gone down since then, with the past nine months seeing a consistent decline in the metal’s stocks. In figures, silver inventories in the exchange’s vaults have decreased by 21.7% since November. Data shows that about two weeks ago, fift15een entities owned a combined…

FridaySep 23, 2022 9:00 am

Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) Is ‘One to Watch’

As of September 7, 2022, the company had a market capitalization of C$235 million In the period ending June 30, 2022, Eloro reported C$14.4 million in cash on hand The company’s stock is covered by analysts from Cantor Fitzgerald and Haywood Securities Eloro has raised more than C$40 million in multiple financing deals Eloro’s strong management and technical team is working diligently to uncover the immense value of the Iska Iska and La Victoria projects, both of which are located in mining-friendly jurisdictions Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) is a publicly traded exploration and mine development company with a…

ThursdaySep 22, 2022 1:04 pm

Indonesia Struggles to Gain Investor Backing for Plan to Abandon Coal

Several territories around the world are keen on transitioning to sustainable energy models. Coal may have played a major role in industrialization, but centuries of burning coal fuel have inundated the atmosphere with greenhouse gases and altered the planet’s cycle of heating and cooling. With extreme weather events occurring with frightening regularity, dozens of countries are looking to replace coal with cleaner sources of energy, and coal was among the first dirty fuels to go. However, transitioning from fuels such as coal to clean energy sources, including solar and wind power, requires significant investment in infrastructure. Indonesia, which plans on…

WednesdaySep 21, 2022 3:29 pm

Uranium Rallies Amid Energy Crisis in Europe

The price of uranium has hit a new high as the energy crisis in Europe continues to fuel bullish bets on nuclear energy’s future. Uranium, which is also known as yellowcake, has increased by 7% since last month to reach $50 per pound. This price was last observed when the prices of many commodities increased last spring, fueled by supply concerns. Data from UxC shows that the last time yellowcake traded at such levels was a decade ago, without taking into account the spike triggered by Russia’s invasion of Ukraine earlier this year. UxC is a nuclear fuel market research…

TuesdaySep 20, 2022 12:17 pm

Gold Slides as High Inflation Keeps Fed Hawkish

Increasing inflation rates are impacting the price of gold. As the global energy crunch deepens, supply chain constraints continue and the cost of living rises, the Federal Reserve has become increasingly concerned about inflation. Prices for gold went down last month after the latest U.S. inflation data revealed that the situation was worse than most pundits expected. In August, the consumer price index increased by 0.1% from July, surprising a market that was hedging its bets on median economist forecasts that predicted a small decline in the price index. Soon after the release of the consumer price index (CPI) report,…

MondaySep 19, 2022 11:06 am

Gold Gains Ground on Expectations of Huge Interest Rate Hike

Last week, the price of gold advanced to its highest figure since last month as expectations for an increase in interest rates rose. It is expected that later this month, the U.S. Federal Reserve will hike interest rates in a bid to curb inflation. Higher rates of interest dampen nonyielding assets such as gold, because they increase the opportunity cost of holding bullion. Meanwhile, the U.S. dollar diminished in value against its rivals, which made dollar-priced bullion less expensive for overseas traders. In a recent interview, Kitco Metals’ senior analyst Jim Wyckoff stated that the U.S. dollar index’s sharp drop…

FridaySep 16, 2022 2:39 pm

Chile Launches Investment Plan to Boost Weakened Economy

Earlier this week, the government of Chile led by President Gabriel Boric introduced a plan aimed at promoting investment into the country and spurring copper mining. Chile is the largest producer of copper in the world, making up 28% in global copper production. It is home to international copper giants, including Codelco, Antofagasta, Anglo American Glencore and BHP. The country is also the second-largest producer of lithium, occupying 22% of global production. The investment package, dubbed Invest in Chile, brings together public resources, management efforts and regulatory changes. It also calls for the private sector to invest and participate in…

ThursdaySep 15, 2022 12:11 pm

Drought in China May Worsen Global Shortage of Coal

Normally, late July and early August are the wettest months in southern China. This year, however, rainfall during this period was below normal with precipitation in the region since July remaining at 135 mm. This is significantly lower than the average annual precipitation of the region from 2014 to 2021, which stood at 464 mm. This drought has prompted an increase in the price of coal, as traders expect that more coal will be burned to meet the demand for electricity this winter as hydroelectric power generation dwindles. The country’s increasing consumption of coal may worsen the already present global…

WednesdaySep 14, 2022 11:54 am

Gold Prices Remain Dampened as Market Expects Fiscal Tightening

Despite its strong start last month, the gold market has yet to find consistent bullish momentum to push up the metal’s price. Market expectations for aggressive monetary policy action from the U.S. Central Bank continue supporting the dollar, which is weighing down the precious metal. While the price of gold remains below $1,750 an ounce, analysts expect that the metal’s price will soon increase. In a recent interview, Huw Roberts, Quant Insight head of analytics, stated that according to his company’s research, gold had broken its level of fair value and entered into a macro regime. Quant Insight uses advanced…

TuesdaySep 13, 2022 2:07 pm

Power Conversion Innovation May Boost Power Plant Efficiency

Energy efficiency has been a major talking point in recent years amid climate change, extreme weather events, and a global push for clean and renewable energy sources. Most current power plants, whether they rely on coal, nuclear energy or natural gas, convert heat into electricity via a process called the steam-based Rankine cycle. Despite being the go-to process for power generation in most if not all power plants, this process is extremely inefficient because approximately two-thirds of the energy is lost in converting steam back into water. With the world currently experiencing a major energy crisis, inefficiencies in power production…

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