NewsRoom Articles - Page 145 of 216

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…

TuesdaySep 20, 2022 12:17 pm

Gold Slides as High Inflation Keeps Fed Hawkish

Increasing inflation rates are impacting the price of gold. As the global energy crunch deepens, supply chain constraints continue and the cost of living rises, the Federal Reserve has become increasingly concerned about inflation. Prices for gold went down last month after the latest U.S. inflation data revealed that the situation was worse than most pundits expected. In August, the consumer price index increased by 0.1% from July, surprising a market that was hedging its bets on median economist forecasts that predicted a small decline in the price index. Soon after the release of the consumer price index (CPI) report,…

MondaySep 19, 2022 11:06 am

Gold Gains Ground on Expectations of Huge Interest Rate Hike

Last week, the price of gold advanced to its highest figure since last month as expectations for an increase in interest rates rose. It is expected that later this month, the U.S. Federal Reserve will hike interest rates in a bid to curb inflation. Higher rates of interest dampen nonyielding assets such as gold, because they increase the opportunity cost of holding bullion. Meanwhile, the U.S. dollar diminished in value against its rivals, which made dollar-priced bullion less expensive for overseas traders. In a recent interview, Kitco Metals’ senior analyst Jim Wyckoff stated that the U.S. dollar index’s sharp drop…

FridaySep 16, 2022 2:39 pm

Chile Launches Investment Plan to Boost Weakened Economy

Earlier this week, the government of Chile led by President Gabriel Boric introduced a plan aimed at promoting investment into the country and spurring copper mining. Chile is the largest producer of copper in the world, making up 28% in global copper production. It is home to international copper giants, including Codelco, Antofagasta, Anglo American Glencore and BHP. The country is also the second-largest producer of lithium, occupying 22% of global production. The investment package, dubbed Invest in Chile, brings together public resources, management efforts and regulatory changes. It also calls for the private sector to invest and participate in…

ThursdaySep 15, 2022 12:11 pm

Drought in China May Worsen Global Shortage of Coal

Normally, late July and early August are the wettest months in southern China. This year, however, rainfall during this period was below normal with precipitation in the region since July remaining at 135 mm. This is significantly lower than the average annual precipitation of the region from 2014 to 2021, which stood at 464 mm. This drought has prompted an increase in the price of coal, as traders expect that more coal will be burned to meet the demand for electricity this winter as hydroelectric power generation dwindles. The country’s increasing consumption of coal may worsen the already present global…

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