NewsRoom Articles - Page 125 of 159

TuesdayJun 29, 2021 1:45 pm

EIA Report Finds That Most Uranium Used in the US Last Year Was Imported

A recently released annual report by the U.S. Energy Information Administration highlights that a huge majority of the uranium that was used last year by operators and owners of private citizen nuclear power reactors in the U.S. was imported. More than 30% of the uranium came from Canada and Australia with an additional roughly 50% being purchased from Uzbekistan, Russia and Kazakhstan. Altogether, US plant operators and owners purchased over 48 million pounds of uranium compound last year, at the weighted-average price (“WAVG”) of $33.27/pound of the compound. While Kazakhstan made up slightly over 21% in total deliveries, Canada made…

MondayJun 28, 2021 2:00 pm

Four Factors Fueling Increase in Price of Metals

The prices of various metals, including industrial metals, have been rising, driven by economies around the world reopening. Thus far, metal prices have surged by 72%, in comparison with the levels observed prior to the pandemic. Earlier in May, prices hit a nine-year high, with the increase mainly influencing industrial metals such as nickel, iron ore and copper, which were up by 41%, 116% and 89%, respectively. Apart from this, the prices of some energy and agricultural commodities have also risen but at a steadier rate. So why have the prices of metals surged in comparison to other commodities? Well…

FridayJun 25, 2021 2:15 pm

Why Silver May Be Superior to Gold in Near Future

Gold, which is sometimes referred to as the yellow metal, and silver are considered to be precious metals because of their reflectivity. Of the two metals though, silver reflects 95% of white light, which makes it suitable for use in jewelry. Silver is actually the shiniest metal, with aluminum coming in second, reflecting 90% of white light. However, despite coming in second, it is aluminum that is used by NASA in its Hubble Space Telescope. Why? Because aluminum can stand the test of time, while silver oxidizes too fast, causing it to tarnish at a rapid rate, which turns it…

FridayJun 25, 2021 10:38 am

Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) to Benefit from Surge in Silver Investment Demand

Silver prices rose by 29% YoY in 2020, led by an 8% increase in physical investment demand The World Silver Survey 2021 has forecast total silver demand to rise by 15% in 2021 to 1.03 billion ounces, with industrial silver consumption set to bounce back by 8% YoY The rosy demand outlook contrasts against silver’s tenuous supply profile, with annual mining production declining for a fourth consecutive year in 2020 Excellon Resources is among the leaders in the search for new silver deposits, with a precious metals growth pipeline that includes: Platosa, Mexico’s highest-grade silver mine since production commenced in…

ThursdayJun 24, 2021 3:12 pm

Energy Fuels (NYSE American: UUUU) (TSX: EFR) Ramps Up REE Production

Energy Fuels is making major strides toward restoring critical U.S. rare earth supply chains No other U.S. company is producing a product this far down the rare earth value chain Company working to transform into 'America's Critical Mineral Hub,' with the main focus being on the White Mesa Mill As the U.S. government appears to be throwing support and assistance behind efforts to limit its dependence on other countries for the mining and production of various metals, Energy Fuels (NYSE American: UUUU) (TSX: EFR) is increasing its efforts to produce commercial rare earth elements (“REEs”), as well as continue its…

ThursdayJun 24, 2021 12:30 pm

China to Stabilize Metals Prices by Releasing Reserves

Earlier last week China revealed its plans to hold an auction for industrial metals from its national reserves in an attempt to control commodity prices. The country’s National Food and Strategic Reserves Administration stated on its website that it would be releasing zinc, aluminum and copper to manufacturing and processing firms in the coming weeks. This notice comes at a time when Beijing is struggling to control a surge in the prices of different metals that was brought about by speculative buying; the surge has affected manufacturers’ margins, adequate global liquidity and post-pandemic economic recovery. These rising commodity prices have…

WednesdayJun 23, 2021 2:30 pm

Energy Storage Sees All-Time High Investor Interest

ACORE recently released a report showing that the interest of developers and investors in both the renewable energy and energy storage sectors is significantly high at the moment. The report contains the results of a survey that centered on the expectations of development firms and financial institutions in the energy sector, following the effects of the coronavirus pandemic. In addition to this, the Expectations for Renewable Energy Finance 2021–2024 report also tracks the American Renewable Investment Goal’s progress. The American Council on Renewable Energy launched this initiative earlier in 2018, with its objective being to raise $1 trillion in private…

TuesdayJun 22, 2021 12:56 pm

Asia Broadband Inc. (AABB) Enthused Over Preliminary Assay Results at LOI-target Gold Mine

Asia Broadband, an experienced producer of precious metals, is in the process of adding key gold mine property acquisitions in Mexico The company’s approach to metals sales to primarily Asian markets includes development of a cryptocurrency exchange with a token backed by its gold holdings Asia Broadband’s AABBG token will be traceable through the proprietary exchange for currencies such as Bitcoin, Ethereum and Litecoin, and will also be able to acquire value on principles of limited production and rising demand The company recently reported its enthusiasm over preliminary assay results on rocks taken at random throughout a mine in Nayarit…

TuesdayJun 22, 2021 12:30 pm

Study Finds That Allowing Artisanal Mining Harms the Environment

A study carried out by scientists at the University of Wisconsin-Madison in the Peruvian Amazon has discovered that the formalization of mining operations that operate on a small-scale may do more harm than good to the environment. According to the researchers, formalization may prompt the expansion of these operations, which can lead to more dangerous mining, especially if proper environmental impact assessments aren’t conducted or enforced. The research, reported in the “Environmental Research Letters” journal, centers on the events that took place between 2001 and 201 at the Tambopata National Reserve. During that period, the demand for gold increased significantly,…

MondayJun 21, 2021 2:15 pm

Mineral Sponges May Help Absorb Residual Uranium from Contaminated Sites

A group of researchers from Pacific Northwest, Lawrence Berkeley and Sandia national laboratories have discovered a mineral that can absorb uranium from ground water. The researchers discovered the mineral, which is known as calcium apatite, at a former uranium mill in Colorado. The sponge-like mineral reduced the levels of uranium in groundwater significantly. The project’s lead Mark Rigali, a geochemist from Sandia, stated that apatite technology was also found to decrease the concentration of molybdenum, vanadium and uranium in the groundwater at Colorado’s Rifle mine site. Additionally, it ensures that the uranium amounts remain below the target concentration set by…

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