NewsRoom Articles - Page 125 of 181

ThursdayMar 10, 2022 12:02 pm

Silver Imports Hit New High After Demand Increases in India

Data that was recently released by Ahmedabad Air Cargo Complex shows that imports of silver in February in India hit a new high, as imports rose to 153 metric tons in Gujarat. The last time the metal recorded import levels this significant was in 2014. While the overall price of silver remained stable, the metal’s price did rise to Rs 69,000/kg ($896/kg) in the Ahmedabad market toward the end of February. Earlier last week, silver was going for Rs 67,000/kg ($870/kg) in the Ahmedabad market. In an interview, Haresh Acharya, the director of India Bullion and Jewelers’ Association, stated that…

WednesdayMar 09, 2022 1:10 pm

Why the Price of Uranium Is Poised to Surge

Uranium prices have been on the lower end for some time now. Although nuclear power is the most reliable source of power and has the power to help us transition from fossil fuel to clean, renewable power, the mineral’s market performance has been lagging. The three major nuclear power plant accidents at the Three Mile Island in the United States, Chernobyl in the Ukraine and Japan’s Fukushima plant haven’t helped either, portraying uranium as a dangerous energy source rather than the reliable provider of clean electricity that it could be. In reality, nuclear power is one of the safest energy…

TuesdayMar 08, 2022 3:14 pm

US Invests in Battery Startups to Develop Better Technologies Than Global Rivals

More countries across the globe are implementing low-carbon policies and technologies that will help meet their electricity needs in the green economy as the fight against climate change continues. The United States has been lagging behind in this race for energy supremacy, which is why it is investing in next-generation battery companies such as Ion Storage Systems. This battery company, which was created in the chemistry lab at the University of Maryland, was recently furnished with a federal grant worth more than half a million dollars. Ion Storage is one of the first companies in the United States to develop…

MondayMar 07, 2022 11:58 am

Gold Soars as Europe Goes to War

The price of gold has increased significantly after Russian forces breached Ukraine last week. This is the metal’s highest price since 2020. This attack is affecting investor risk sentiment across the international markets and has triggered the worst security crisis in the European Union since the Second World War. The decision to attack Ukraine provoked investor flight to safe haven assets, with spot gold prices rising by almost 1% to reach $1,925.08 per ounce, an almost 15-month high. U.S. gold futures on the Comex also gained 1% to hit $1,930 per ounce. Last week, President Vladimir Putin of Russia made…

FridayMar 04, 2022 12:16 pm

U.S. Department of Energy Announces Clean Energy Strategy

The Department of Energy recently announced its strategy to secure a supply chain for clean energy. The department’s goals for nuclear are to facilitate the continued operation of existing nuclear reactors in the United States, advance the development of nuclear fuel cycles, enable advanced nuclear reactor deployment and maintain the country’s leadership in technology for nuclear energy. These strategic plans are said to be the first-ever comprehensive strategy by the U.S. government to build a diverse, resilient and secure domestic energy-sector industrial base. The plans are part of the government’s approach to revitalize America’s economy and manufacturing by securing its…

ThursdayMar 03, 2022 2:10 pm

How Battery Energy Storage Systems Can Be Protected from Fire Risks

Climate change and global warming have made it clear that we need to find cleaner, more renewable sources of energy. More than a century of heavy industry has filled the atmosphere with greenhouse gases and disrupted the planet’s natural heating and cooling cycle. With several countries across the world declaring their intent to replace fossil fuels with renewables such as solar and wind, the need for stationary power storage facilities has risen. Unlike fossil fuels, which can produce energy when needed, solar and wind are limited to weather conditions and time. You can generate a lot of solar energy during…

ThursdayMar 03, 2022 9:30 am

StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Keeping a Close Eye on the Evolving Geopolitical Situation, and its Impact on Risk-Taking

The price of gold has increased by 6.5% to reach an 18-month high of $1,973.96 Palladium has also increased by 5.1% in value for the third consecutive month Gold is proving to be the main safe-haven asset with the growing tensions StraightUp acknowledges a change in shareholders’ willingness to take more risks but looks to capitalize on opportunities that present themselves, specifically with the increase in the price of gold Back in 2020, organizations worldwide had to deal with the pandemic and the geopolitical risk it presented. At that time, the situation affected investment and, more importantly, investors’ risk-taking appetite,…

WednesdayMar 02, 2022 2:07 pm

Newmont to Pay Out Industry-Topping Dividend Next Month

Newmont Corporation, the biggest gold miner in the world by production volume, has declared the highest quarter 4 dividend in the industry, retaining its top spot as the mining firm with the largest dividend yield. The miner’s board recently announced that it would be paying a dividend of 55c per common share on March 24, 2022, to shareholders who owned stock by the close of business on March 10. Newmont plans to release the results for the fourth quarter and the entire financial year of 2021 on Feb. 24, 2022. The gold miner, which also produces silver, zinc, copper and lead,…

TuesdayMar 01, 2022 2:11 pm

Panel Suggests External Threats to Nuclear Energy Need Urgent Attention

Panelists during the Nuclear Energy and Its Future session discussed how the various obstacles the nuclear industry faced need to be overcome if the energy is to be used to address the threat of climate change. These obstacles included perceived competition with renewable energy sources, political changes, market design, the cost of finance, the perception of nuclear as an outdated technology and misconceptions about radioactive waste. The panel was moderated by EMEA Power, Gas, Coal and Carbon head Nina Chestney. Centrus Energy Corp president and CEO Dan Poneman stated that even with maximum deployment of wind and solar and battery…

MondayFeb 28, 2022 10:24 am

US Utility-Scale Energy Storage Installation Tripled in 2021

The American Clean Power Association recently released its latest yearly figures for utility-scale battery energy storage system installations in the United States. The figures show a significant increase in installations, highlighting that last year, this number increased by more than 195% to 2.6GW. However, overall clean power installations also dropped by 3%, with installations in the fourth quarter in 2021 also declining by more than 30%. The utility-scale battery energy storage system capacity also quadrupled over the course of last year, with the trade body finding that the energy made up 2% of the nation’s total clean power capacity. More…

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