NewsRoom Articles - Page 124 of 218

FridayJun 09, 2023 1:39 pm

Mining Executive Says Addressing Cognitive Biases Could Boost Gold Mining Investment

A surge in gold prices is pulling investors back into the gold market after months of relatively lackluster prices. The precious metal has been on a roll in recent months, increasing by close to 20% over several months to trade at more than $2,000 an ounce. As the U.S. Federal Reserve consistently raised benchmark interest rates to help abate inflation, more investors ditched their gold for assets that would allow them to take advantage of increasing interest rates. Gold prices were also impacted by an increasingly valuable greenback and reduced demand in China, which has ramped up gold purchases in…

ThursdayJun 08, 2023 3:03 pm

Solar Surpasses Coal Energy in Europe

Europe has achieved a major milestone in the global transition from fossil fuels to clean energy: solar energy use has finally surpassed coal in the region. Energy generation by solar panels in the European Union exceeded generation from all the coal plants in the regional bloc in May. Like the United States, the European Union has pledged to phase out dirty fossil fuels such as coal and oil in favor of cleaner alternatives, including solar and wind power. Major European economies such as France, Germany and the United Kingdom as well as several other countries in the region are looking…

WednesdayJun 07, 2023 2:07 pm

How a Copper Shortage Could Hamstring the Energy Transition

The world is currently facing a critical copper shortage that triggered increased copper prices at the start of the year. Several factors, including the coronavirus crippling supply chains, increased demand for copper and a decline in copper ore quality, contributed to a global shortage that could last until 2030. Some experts fear that these shortages could also threaten the transition to clean energy. Dozens of countries have pledged to transition from dirty fossil fuels, such as oil and coal that have significantly contributed to global warming and climate change, to clean sources of energy. Copper, which already has numerous applications…

TuesdayJun 06, 2023 3:24 pm

Lithium Could Be on Cusp of Bull Run

Lithium is one of the most in-demand metals at the moment due to its application in electric vehicle batteries. With electric cars projected to replace internal combustion engine cars over the next few decades, lithium has earned the moniker “white gold” amid projections of significant demand. However, lithium prices tumbled toward the end of 2022, falling by close to 20% amid a general drop in prices among minerals, including copper and cobalt. Lower lithium prices resulted in a drop in production prices and allowed EV makers such as Tesla to drop the prices of their EV offerings. Experts believe that…

TuesdayJun 06, 2023 9:00 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) To Play Key Role in North American Push to Control its Rare Earth Critical Metals Destiny

Canada-based Ucore Rare Metals Inc. is preparing to begin construction on a rare earth element (“REE”) processing plant in Louisiana that it says will be the first REE separation facility to operate at commercial scale in North America Currently, China dominates both REE feedstock supply and REE processing capacity on a global basis, generating concerns that it can control the world’s ability to build modern technologies and use its control to retaliate against countries in adversarial situations Modern technologies that rely on REEs for crucial magnets in their composition include phones, computers, household appliances, electric vehicles, solar panels, and wind…

MondayJun 05, 2023 2:06 pm

America on Brink of Rare Earths Crisis

Rare earth elements are a class of metals that will play a major role in the world’s transition from fossil fuels to clean renewable energy. They are used in the development of computers, solar panels, wind turbines, electric cars, lasers, magnets for vehicles and other devices, precision-guided weapons, and other critical technologies in the defense departments. Demand for these metals is poised to increase exponentially in the coming years as countries ramp up investment in renewable energy. However, the rare earth elements industry is plagued by one major problem: China has monopolized most of the world’s supply of critical metals.…

MondayJun 05, 2023 10:30 am

Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) Advances Graphite Project with New Technical and Marketing Partnership

Global electrification depends on the availability of graphite to power lithium-ion batteries used in EVs and portable electronic devices The Ruby Graphite Deposit is the only combined graphite flake and vein graphite source in the U.S., Reflex secured the option to acquire a 100% stake in the project in 2022 Reflex engaged Lone Star Tech Minerals to advance Ruby Graphite project, deliverables include a production plan, marketing strategy, customer database, and technical data sheet Biden Administration to award $2.8 billion to expand domestic EV battery manufacturing and graphite processing The worldwide shift to electrification depends on the availability of graphite…

FridayJun 02, 2023 12:27 pm

Indonesia Hopes to Attract Investment Through Banning Mineral Ore Exports

Indonesia is home to one of the largest mineral deposits on the entire planet. Consisting of a whopping 17,000 islands, the Asian country mines and produces a plethora of minerals including nickel, gold, bauxite, tin, copper and coal. In recent years, the Indonesian government has been mulling over banning the export of certain commodities, especially unprocessed metals that are currently in high demand. By the start of the year, Indonesia was facing a World Trade Organization lawsuit over banned nickel exports because it is one of the largest producers of nickel on the globe and the export ban affected several…

ThursdayJun 01, 2023 1:19 pm

Equities Up, Gold Down as Debt Ceiling Discussions Register Progress

In recent weeks, the United States and the world at large have waited with bated breath as American lawmakers have discussed the possibility of raising the country’s debt ceiling. With millions of Americans currently experiencing a cost of living crisis, there have been fears that a debt default by the U.S. could have a significant economic impact. As last week drew to a close, Republicans had not offered President Joseph Biden a deal even as the country hurtled toward a disastrous debt default that threatened every American’s future. Because a debt default could cost millions of jobs, cause a 4.6%…

WednesdayMay 31, 2023 11:57 am

Growing Stocks Prompt EU Buyers to Consider Reselling Coal to Asia

Asia is in great need of affordable energy as soaring temperatures have significantly increased the need for air conditioning and raised the continent’s energy needs. For the past couple of years, Asian nations such as China and India have ramped up coal imports from Russia, which is currently sanctioned by several Western countries, and bought $24 billion worth of energy from the Kremlin. Now that Asia has proven that it is hungry for energy stockpiles, some European countries are considering reselling coal to Asia. According to sources, some players in the European Union are looking to offload their thermal coal…

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