NewsRoom Articles - Page 138 of 211

TuesdayOct 25, 2022 12:33 pm

China May Switch to Russian Copper to Offset Possible Hike in Copper Prices Next Year

Currently, China is the largest consumer of copper globally. It is expected that in 2023, the country will purchase more copper from Russia in an effort to decrease the impact of the expected rise in premiums from other miners around the globe. Forecasts from various market participants show that premiums of physical copper sales to the East Asian nation will increase by between $150 and $210 per ton, over the London Metal Exchange’s benchmark price. Codelco, the largest miner of copper around the globe, has already increased its premiums for sales to the European Union in 2023 to $234 per…

MondayOct 24, 2022 11:52 am

Researchers Find New Way to Use Gold to Measure Whisky’s Maturity

Scientists at the University of Glasgow have discovered a new way to use gold to measure whisky’s maturity. The researchers stated that every whisky variety gained some of its distinctive color as well as flavor profile as a result of its storage in wood casks as it matured over a certain period. They explained that the product’s final flavor was created when a mix of chemicals (congeners) retained within the spirit after distillation as well as the other chemicals it absorbed from the wooden casks reacted with oxygen over time. The interactions of congeners are unpredictable. This, combined with other…

FridayOct 21, 2022 2:41 pm

Understanding the Gold Market Relative to Current Economic Conditions

Since this year began, we have seen a correction in the price of gold corresponding to the increasing rates of interest/bond yields. Gold has also been beat by the strengthening U.S. dollar, highlighting its negative correlation to the price of gold. We have also seen the price of spot gold drop to its current $1,666.45 from the $1,801.40 recorded at the start of 2022. Last month, gold dropped to its lowest level since 2020, driven by expectations of an increase in interest rates by the Fed. Thus far, the Federal Reserve has raised rates of interest five times in an…

ThursdayOct 20, 2022 2:51 pm

Copper Shortages May Impact Prospects of Cabling Industry

Copper is a good conductor of electricity and is cheaper in comparison to other electrical materials. The metal also has a range of applications, having been used in a wide variety of applications, from cabling and car parts to consumer electronics. Figures show that since 1900, about 95% of all the copper that has ever been mined and smelted has been extracted. Given that copper is a finite resource, the metal’s supply is expected to decline as its demand and applications increase in the long term. Currently, the demand for the red metal is growing, with the latest data showing…

WednesdayOct 19, 2022 11:21 am

New U.S. Initiative Will Help Communities Find Best Decarbonization Approach

The Idaho National Laboratory has come up with a new initiative that will support economies and communities that are transitioning to the use of clean energy by enabling the communities to make suitable and informed choices. The initiative, titled the Emerging Energy Market Analysis, was developed by the lab in collaboration with the University of Wyoming, the University of Michigan, MIT, Boise State University and the University of Alaska. The initiative states that while the use of a community-based approach that speeds up the transition to the use of clean energy offers economies and communities a chance to prosper, the…

TuesdayOct 18, 2022 2:34 pm

Thermal Coal Prices Ease as Winter Supply Concerns Abate

Thermal coal prices have been declining as supply increases and concerns of shortage are dissipated. The cost of coal used by power plants is, in some areas, dropping to levels recorded prior to Ukraine’s invasion in February. This invasion triggered a sharp increase as buyers expected to incur losses from both nations. Last week, the Australian benchmark price of 6,000 kcal/kg of coal at the Newcastle Port indicated a $373.75/ton price. This figure, as evaluated by globalCOAL, is a 6.4% decrease from the price recorded on the market’s close the week before. This grade, which is primarily used by utilities…

TuesdayOct 18, 2022 12:00 pm

Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Releases Positive Results From Silver-Tin Polymetallic Project in Bolivia

Eloro Resources is an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru, and Quebec Company released positive results from 21 diamond drill holes at Iska Iska Bolivia project revealing silver, tin, zinc, lead New borehole geophysical data expanding Santa Barbara high-grade feeder zone with potential strike length of at least 2 kilometers Eloro has option to acquire 99 percent interest in the Iska Iska property, owns 82 percent interest in La Victoria Gold/Silver project in Peru Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM), a publicly traded exploration and mine development company…

MondayOct 17, 2022 11:46 am

What Potential Investors Should Know Before Buying Gold

Gold has always been seen as a smart option for investors who would like to grow and safeguard their wealth given that it’s a store of value as well as a safe haven asset. However, investing in gold isn’t for everyone, which is why you should consider various factors before using this precious metal as an investment vehicle. Below are a couple of things you need to know before you buy gold. This will help you understand the advantages of investing in the precious metal. It is safer in comparison to other investments Physical gold, unlike other investments, is said…

FridayOct 14, 2022 1:17 pm

Increasing Energy Prices Push UK Households Back to Coal for Heating

After the increase in the price of energy, a growing number of people have reverted back to the use of logs and coal to heat their homes. One coal merchant recently revealed that he was the busiest he’s been in decades. Recently, United Kingdom officials announced an energy-support package in the government’s mini budget. However, more people are requesting for long-term decisions to be made. Burnham Coal Supplies’ Andrew Mount stated that he’s seen customers who had been using gas turn to coal; he claims that some are even stockpiling. Yeovil resident Jo Twist revealed that her coal bunker was…

ThursdayOct 13, 2022 12:47 pm

USDA Announces New Grants to Boost Domestic Fertilizer Production

The USDA recently announced that half a billion dollars in grants had been made available to increase the production of fertilizers domestically. This will be achieved through the Fertilizer Production Expansion Program, whose objective is to promote competition in agricultural markets. The department revealed that these funds would be made available through the Commodity Credit Corporation. Tom Vilsack, secretary of the U.S. Department of Agriculture, stated that the department believed in the growth of local, innovative businesses shared and owned by individuals who could build opportunities, fill gaps and best serve the unique needs of their own communities. Vilsack added…

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