NewsRoom Articles - Page 139 of 187

FridayDec 10, 2021 2:05 pm

Price of Gold Increases After Release of Subpar US Jobs Report

Last week, the price of gold increased as the market tried to figure out the possible effect of the weak U.S. jobs report on the Fed’s monetary policy. This comes as the new coronavirus variant, dubbed omicron, continues raising uncertainty in the economy. In New York, U.S. gold futures rose on Friday by 1% to reach $1,780 per ounce. By 12:15 p.m. ET, spot gold was up by almost 1%, reaching $1781. 60 per ounce, avoiding another weekly loss. Earlier that day, the Bureau of Labor Statistics had reported that only 210,000 jobs were created in November, which is significantly…

ThursdayDec 09, 2021 9:30 am

Declining Nickel, Zinc and Copper Stockpiles May Shield Commodity Prices from Omicron Concerns

The stock price of nickel, zinc and copper rebounded after the decline last week, which was caused by concerns about the new coronavirus variant, omicron. A recent report released by Capital Economics reiterates that prices of these metals will decline significantly as we move into next year. The argument by the London-based independent researcher notes that the weakening of the prices will continue as the economy of China slows but highlights that it’s too soon to know whether the omicron variant will add more pressure. However, Soni Kumari, an analyst at ANZ, notes that if the omicron variant raises serious…

WednesdayDec 08, 2021 3:50 pm

New Material Could Greatly Improve Uranium Extraction from Seawater

As we shift from the use of fossil fuels, the need for more sources of clean energy grows. Nuclear power is a zero-emission clean source of energy that uses uranium to generate power. Uranium is a limited resource, and with the high demand for cleaner energy sources growing, finding better ways to obtain more uranium from the earth has become a priority. A new material developed by researchers at the Chinese Academy of Sciences can absorb 20 times more uranium from seawater than current methods. It is estimated that the ocean contains roughly 4.5 billion tons of uranium, which is…

TuesdayDec 07, 2021 3:30 pm

Vanadium Flow Batteries Tested as EV Charging Support Solutions

Trial projects that will involve the use of vanadium redox flow battery energy storage systems as support for electric vehicle (“EV”) charging solutions will soon commence in Australia and South Korea. Last week, a startup in Singapore called VFlow Technologies revealed that its PowerCube battery storage system technology will be installed at some gas stations in South Korea. The systems will be used to support fast-charging infrastructure using existing infrastructure and locations at gas stations. VFlow Tech plans to put the redox systems underground, while the batteries will be charged using local sources of renewable energy. The company is conducting…

FridayDec 03, 2021 3:30 pm

Fed Chair’s Renomination Prompts Drop in Price of Gold

Last week, the price of gold dropped below the $1,800 level as the U.S. bond yields and the dollar rose, with expectations that rates of interest will increase in 2022. This came after Jerome Powell, the current chair of the U.S. Federal Reserve, was renominated for a second term, which adds to confidence that the United States Central Bank may increase interest rates. The price of spot gold also dropped by a little more than 1% to reach $1,783.82 per ounce, which is its lowest price in almost three weeks. In New York, U.S. gold futures declined by 1.2% to…

FridayDec 03, 2021 9:00 am

StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Marks the Successful Completion of its 2021 Ferdinand Gold Project Exploration Plan With the Discovery of Multiple Targets

Groundwork exploration kicked off in August, led by Orix Geosciences The survey revealed multiple areas of high merit and potential mineralization This complements a sediment sampling conducted back in 2001 by the Ontario Geological Survey With these results, StraightUp can now execute its right to acquire 100% interest in the property In early 2021, StraightUp Resources (CSE: ST) (OTCQB: STUPF) acquired an option to purchase the Ferdinand Gold Property in Ontario and set out to explore the property for potential mineralization (https://ibn.fm/o1XoL). Groundwork exploration kicked off in the month of August, spearheaded by Orix Geosciences. On November 29, 2021, the…

ThursdayDec 02, 2021 2:30 pm

Uranium Extractors Stare Supply Chain Issues in the Eye

Kazatomprom, a uranium producer in Kazakhstan, has decreased its expected figures for uranium production for this year because of delays in well-field exploration and development activity. The company points to supply chain issues related to the coronavirus pandemic that have had a significant impact on its schedules for production. The company’s announcement came a few days after Cameco, a Canadian-based company, also decreased its prediction for fuel services production, pointing to issues with the supply chain. For the first three quarters of this year, Kazatomprom’s production of uranium was 6% higher in comparison to the same period last year. However,…

WednesdayDec 01, 2021 2:30 pm

Battery Analytics Could Provide Energy Storage Tipping Point

As the energy sector transitions to the use of renewable energies, battery storage systems have become a crucial component in this shift. Currently, roughly 24GWh of stationary battery storage has been installed globally. This figure is set to increase significantly, as transitioning from the use of fossil fuels continues. Batteries are designed to not only supply energy but also to store the energy, which makes them suitable for numerous uses. The declining prices of batteries make them even more attractive investments. However, a changing regulatory environment that causes price fluctuation, market challenges and the technical risks involved in battery projects…

TuesdayNov 30, 2021 3:15 pm

Precious Metals Poised to Perform Well in Current Economic Environment

In a broadcast aired in October, Tavi Costa, the portfolio manager of Crescat Capital, and Kevin Smith, the company’s chief investment officer, discussed how precious metals would do well in this current “stagflationary” environment. The portfolio manager asserted that the intrinsic value of these metals was remarkable, in relation to the monetary system in the United States. Smith explained that the company used precious metals as a primary hedge with gold particularly positioned against deep valuations and inflation. Both experts believe that a rally of precious metals is on the horizon, noting that silver is on the verge of a…

TuesdayNov 30, 2021 9:30 am

As Markets Keep Wary Eye on Inflation, StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Builds Important Gold Mining Resources

The global COVID pandemic has had a significant impact on the world’s markets, but a basic optimism has generally persisted after the shock of the initial outbreak Gold continues to generate interest among investors amid concerns about inflation and the potential for consumer prices to continue in an uncontrolled climb Mineral property acquisition and exploration company StraightUp Resources is focused on potential gold production targets in Ontario, Canada, and has begun to expand its resource portfolio internationally The company’s international interests include a mine recently acquired in Nevada’s historically productive Beatty region, as well as one of the largest silver…

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