NewsRoom Articles - Page 141 of 212

MondayOct 03, 2022 10:21 am

Metals See Slight Recovery as Traders Weigh Dollar Trend, Recession Fears

Industrial metal prices have registered a slight recovery amid a cooling in the dollar’s rally. The greenback has been on quite a roll for the past few weeks, achieving historic highs with the dollar rally sending ripples through financial markets across the world. Surging dollar prices had a dampening effect on the commodities market, unfortunately, with commodities such as precious and industrial metals, including gold, dropping by 1% to trade at $1,709 an ounce as the dollar hit a new decade high in value. However, a slowdown in the greenback’s rally eased the cost pressure of dollar-priced commodities and allowed…

FridaySep 30, 2022 11:28 am

Gold Hits Two-Year Low as Rate Hike Galore Intensifies

Gold investors have plenty of reason to worry as prices for the precious metal have continued their downward trend into the last weeks of September. Last week, gold prices hit a two-year low as central banks across the world raised their interest rates alongside the U.S. Federal Reserve to prevent inflation. With the global economy in a spiral since the COVID pandemic and the Russia-Ukraine war coupled with worldwide shortages and supply chain constraints, the cost of living has risen significantly in recent months. The Fed has gotten increasingly worried about the state of the economy and increased the benchmark…

ThursdaySep 29, 2022 11:44 am

Challenges Expected as Demand for Small Modular Reactors Grows

During the World Nuclear Symposium, which was held in London, experts discussed how increased interest in small modular nuclear reactors meant that building the industrial capacity which would facilitate the production of the reactors required was among the challenges companies will face as they work to make this a reality. During a panel session, Rick Springman and Jon Ball discussed their objectives to have small modular reactors operational in the next decade. Springman is the senior VP of international projects for Holtec International while Ball is the executive VP of market development for GE Hitachi Nuclear Energy. Ball stated that…

WednesdaySep 28, 2022 12:51 pm

Europe’s Energy Shortage to Last Beyond Winter, Analysis Firm Says

Analysts at Energy Aspects have confirmed that the reduced supply of energy in Europe as a result of sanctions imposed against Moscow, which has caused export routes for gas to be shut down, will leave the EU clambering for gas and oil well into the winter. Energy Aspects is an energy and macro research consultancy that provides research, analysis and data of key energy commodities. In an interview with Bloomberg last week, Amrita Sen, director of research and founder of the analytical firm, stated that this energy crisis wasn’t a one-winter story. Sen explained that in order for the market…

TuesdaySep 27, 2022 11:15 am

Nuclear Fuel Plant in South Carolina to Run for Four More Decades

Last week, the U.S. Nuclear Regulatory Commission approved a new license that would allow Westinghouse Nuclear to keep running for an additional four decades. Environmental groups had fought against this, asking that federal officials at least limit the license to 20 years if it couldn’t be rejected. They based their argument on various environmental and safety issues that have plagued the facility since 1980. These problems include pollution of groundwater near the factory, uranium build-up in an air pollution control device and nuclear material leaking through the floor of the plant, which is located in South Carolina. Despite the sound…

MondaySep 26, 2022 11:15 am

Could Fertilizer Price Increases Have Reached Their Peak?

Compass Minerals International, Inc. (CMP)</a>The ongoing Russia-Ukraine war has had major economic consequences as both countries supply a number of critical goods to dozens of countries worldwide. Russia is responsible for almost 20% of the mineral fertilizers on the global market, with the figures from the World Bank showing that it exported 12.1 billion pounds of fertilizer in 2019. Mark Goykhman, chief economist at TeleTrade Information and Analytical Center, noted that Russia is the third-largest producer of phosphate fertilizers after China and Morocco. Collectively, both Russia and Ukraine export 28% of nitrogen, phosphorous, and potassium fertilizers worldwide. Western sanctions against…

FridaySep 23, 2022 12:45 pm

Silver Stocks Dwindle at COMEX, LBMA

Silver stocks at the London Bullion Market Association haven’t been in the best shape for the past free months. Considered the largest silver exchange on the globe, the London Bullion Market Association held more than 1.1 billion ounces of silver in its vaults as of November 2021. However, the silver holdings in the exchange’s vaults have steadily gone down since then, with the past nine months seeing a consistent decline in the metal’s stocks. In figures, silver inventories in the exchange’s vaults have decreased by 21.7% since November. Data shows that about two weeks ago, fift15een entities owned a combined…

FridaySep 23, 2022 9:00 am

Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) Is ‘One to Watch’

As of September 7, 2022, the company had a market capitalization of C$235 million In the period ending June 30, 2022, Eloro reported C$14.4 million in cash on hand The company’s stock is covered by analysts from Cantor Fitzgerald and Haywood Securities Eloro has raised more than C$40 million in multiple financing deals Eloro’s strong management and technical team is working diligently to uncover the immense value of the Iska Iska and La Victoria projects, both of which are located in mining-friendly jurisdictions Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) is a publicly traded exploration and mine development company with a…

ThursdaySep 22, 2022 1:04 pm

Indonesia Struggles to Gain Investor Backing for Plan to Abandon Coal

Several territories around the world are keen on transitioning to sustainable energy models. Coal may have played a major role in industrialization, but centuries of burning coal fuel have inundated the atmosphere with greenhouse gases and altered the planet’s cycle of heating and cooling. With extreme weather events occurring with frightening regularity, dozens of countries are looking to replace coal with cleaner sources of energy, and coal was among the first dirty fuels to go. However, transitioning from fuels such as coal to clean energy sources, including solar and wind power, requires significant investment in infrastructure. Indonesia, which plans on…

WednesdaySep 21, 2022 3:29 pm

Uranium Rallies Amid Energy Crisis in Europe

The price of uranium has hit a new high as the energy crisis in Europe continues to fuel bullish bets on nuclear energy’s future. Uranium, which is also known as yellowcake, has increased by 7% since last month to reach $50 per pound. This price was last observed when the prices of many commodities increased last spring, fueled by supply concerns. Data from UxC shows that the last time yellowcake traded at such levels was a decade ago, without taking into account the spike triggered by Russia’s invasion of Ukraine earlier this year. UxC is a nuclear fuel market research…

MiningNewsWire provides insights and opportunities in the mineral and mining sectors.

Contact us: (512) 354-7000