NewsRoom Articles - Page 141 of 189

ThursdayDec 16, 2021 1:37 pm

Metals Focus Forecasts Silver Shortage Moving into 2022

A leading independent precious metals research consultancy expects silver to benefit from the rising price of gold early next year. The consultancy firm, Metals Focus, reported this in its recently released 2021/2022 annual report, which focuses on investment in silver, gold, palladium and platinum. Director of Silver and Gold at Metals Focus, Neil Meader, stated that the innate high volatility of silver meant that the metal could probably outperform gold during early 2022. However, the consultancy added that the metal’s prices would probably drop after this, especially when the Federal Reserve gives a more clear guidance on the timing of…

WednesdayDec 15, 2021 2:51 pm

Silver Institute Reveals Silver Demand Has Surged to Levels Last Seen in 2015

The impact of the coronavirus pandemic on most elements of physical supply and demand was significant, with a number of major silver mining countries being affected by the lockdown restrictions, which led to a decline in the supply of silver. However, in a recently released report, the Silver Institute stated that the international demand for silver is set to increase to 1.02 billion ounces in 2021. This figure is a 15% increase from last year’s figures as well as the first time global demand for the metal has exceeded a billion ounces since 2015. The forecast is a slight drop…

TuesdayDec 14, 2021 3:32 pm

Chinese Researchers Develop Redox Flow Battery with 99.98% Retention Capacity

Redox flow batteries are electrochemical energy storage devices, which convert chemical energy into electrical energy via reversible oxidation. Researchers have designed an aqueous redox flow battery with a positive electrolyte made from an organic molecule known as Tempo. Tempo is an electro-active aminoxyl radical with a high potential for energy and easily reversible oxidation states. The chemical compound, known by its (CH2)3(CMe2)2NO formula, is comprised of a bright-orange solid that has a free and stable radical nature. The compound can be stored for a long time and has different applications in molecular biology and organic chemistry. This is in addition…

TuesdayDec 14, 2021 1:05 pm

Mining Acquisition and Development Firm StraightUp Resources Inc.’s (CSE: ST) (OTCQB: STUPF) Improves US Market Access, Celebrates Report on Ontario Site Potential

Mineral property exploration company StraightUp Resources is in an expansive stage, adding significant site acquisition rights in the United States and Peru to its Canadian portfolio and expanding its stock trading from Canada to the United States markets StraightUp recently announced that it is improving access to its U.S. stock on the OTCQB Venture Market by achieving eligibility for electronic clearing and settlement of its transactions through the Depository Trust Company StraightUp holds rights to five properties in Ontario’s prolific Red Lake greenstone belt, has acquired a mining property and its resources in western Nevada, and has an option to…

MondayDec 13, 2021 2:00 pm

US Study Documents Shift in Attitudes to Nuclear Energy

Recently, ecoAmerica, an environmental not-for-profit organization focused on building political will, public support and institutional leadership for climate solutions, released its annual survey, which focused on Americans’ current perspectives on clean energy use. The survey looks into how sentiment has shifted from 2018 to 2021. The organization drew its survey sample from a panel of adults in the United States. It conducted the survey online between Aug. 27, 2021, and Sept. 10, 2021, revealing that the survey included a total of 1,110 responses. The survey found that in the aforementioned period, the support for nuclear energy has grown in the…

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…

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