NewsRoom Articles - Page 141 of 206

WednesdayJul 13, 2022 3:35 pm

Copper Rallies as US Dollar Wavers

Copper prices have rallied after months of lows amid a slight drop in the value of the U.S. dollar. Prices hit their lowest point since November 2020 in early July as increased COVID-19 cases in China, rising inventories, hawkish interest rates and a potential recession affected investor sentiment. By July 7, 2022, copper for delivery in the month of September was trading at $3.57 per pound, which is about $7,875 on the New York COMEX Market, rising by 5% from the previous day. Shanghai’s most-traded copper contract went up by 0.2% to roughly $8,640 (57,945 yuan) per tonne as the…

TuesdayJul 12, 2022 3:52 pm

Possible Rate Hikes, Strong Dollar Decreasing Gold’s Appeal

Gold has always been a safe haven asset for investors looking to retain the value of their money during times of market turmoil. However, gold prices have been down for quite a while and recently hit a six-month low as the U.S. dollar rallied and reached a two-decade high. Spot gold fell by 1.4% to trade at $1,738.99 per ounce while U.S. gold futures were down by 1.5% to $1,738.3. Gold’s appeal as a safe haven asset, which may have diminished slightly due to the volatile markets, may also take a hit as the Federal Reserve adopts more restrictive monetary…

MondayJul 11, 2022 1:34 pm

The Top-Five Countries Producing Uranium Globally

Uranium, an element utilized in the generation of nuclear energy, is said to be one of the best nonrenewable sources of energy because it doesn’t emit any greenhouse gases. Figures from the World Nuclear Association (WNA) show that global uranium production slightly increased by 1% from 47,731 tons in 2020 to 48,303 tons in 2021. The association stated that 77% of global uranium demand was covered by mined uranium while secondary sources covered the rest of the demand. Kazakhstan was the top uranium producer in the world in 2021, supplying 45% of the global uranium demand. It currently holds 12%…

FridayJul 08, 2022 11:27 am

The Sliding Price of Copper Heightens Fears of Recession

Over the past couple of months, severe supply chain disruptions, rising costs of living and attempts by the feds to forestall inflation have increased fears of a recession among investors. During such speculative times, investors often look to assets such as copper to help predict the health of the economy and pinpoint potential turning points in economic cycles. For dozens of years, investors have been able to predict downturns and upturns in the economy by studying copper prices, earning it the name Dr. Copper in the commodity markets. Increases in copper prices are seen as a significant indicator of an…

ThursdayJul 07, 2022 12:50 pm

How High Can the Price of Coal Still Go?

Ideally, we should be moving away from using coal to generate energy in exchange for cleaner, more renewable sources of energy. However, recent events have led to a significant increase in the demand for coal and caused an unprecedented increase in coal prices around the world. Even though the Russia-Ukraine war has definitely contributed to the increased coal demand, coal prices were on the rise before Russia invaded Ukraine. For example, back in 2020 when the world was right in the thick of the COVID-19 pandemic, Australia called for investigations into the origins of the virus. In retaliation, China banned…

WednesdayJul 06, 2022 2:35 pm

EU Expresses Concerns Over Countries Reneging on Fossil-Fuel Reduction Commitments

The European Union is not happy with EU nations that have gone back to burning coal to generate power in the wake of the energy crisis caused by the Russia-Ukraine war. During a recent interview, EU chief Ursula von der Leyen said that European nations have to make sure they don’t backslide to using dirty fossil fuels as the energy crisis continues. Rather, she told media outlets, we should use the crisis to move our transition to clean fuels forward. Russia is a major global producer of oil and gas, with a large chunk of those going to European nations.…

TuesdayJul 05, 2022 2:20 pm

G7 Asked to Support Nuclear Energy Use in Fighting Against Climate Change

Nuclear energy is said to cut down the number of atmospheric carbon emissions by more than 470 metric tons every year. The G7 nations are now being asked to leverage this technology in their own countries to aid in the global goal of achieving low-carbon emissions and securing a reliable supply of clean energy. Furthermore, the leaders of the G7 nations have been asked to help other nations start or restart their nuclear programs to combat global carbon emissions. Shortly before the 48th G7 summit was held in Germany, the nuclear industry sent a joint message to the leaders of…

FridayJul 01, 2022 11:04 am

Root Microbiota Plays Crucial Role in Sustainable Farming

We all know that the type of soil and whether or not it is filled with organic life are major factors that affect crop growth. Once we look even deeper into the connection between soil and plant growth, we can see that the relationship between microbial communities in the soil and root types plays a big impact on the growth and survival of plants. Growers who understand how the interaction between organic life in the soil and root type affects plant yield can take steps to make their operations more efficient and sustainable. Talia Galindo, a ROOTPHENBIOME Marie-Curie fellow from…

ThursdayJun 30, 2022 1:44 pm

Surge in Demand for Electricity Causes China to Ramp Up Coal Production

China is poised to ramp up coal production amid a significant surge in electricity demand. With central and northern China experiencing a historic heat wave, millions of Chinese residents in Hubei, Henan and Shandong provinces have been turning to their air conditioners to keep the heat at bay. Last week, numerous cities in Shandong warned residents to stay inside as heat levels soared past 40oC. Since the region is home to more than 100 million people, its electrical grid saw an upsurge in electricity consumption as people stayed indoors and turned on their air conditioners. In the neighboring Hubei province,…

WednesdayJun 29, 2022 1:02 pm

New US Initiative Helps Ensure New Sources of Important EV Minerals

The State Department has begun an initiative that would act as a middle point between resource-rich countries and American companies that would like to invest in resource-rich countries but are afraid to take the plunge. During a recent visit to Cape Town, South Africa, for a mining conference, Under Secretary of State Jose Fernandez heard from several countries that would love foreign investment to help kickstart the mining of crucial EV minerals such as cobalt, manganese and lithium. However, mining companies that are keen on tapping into these mineral reserves revealed that they were hesitant to invest in these countries…

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