NewsRoom Articles - Page 145 of 182

FridayAug 06, 2021 1:20 pm

The Royal Mint Finds More Young Investors Interested in Gold Investments

The Royal Mint recently released a statement reporting that it had observed a fivefold increase in the number of young investors partaking in gold investment. The Royal Mint, which produces coins for the United Kingdom and is fully owned by the Treasury, stated that young investors who were attracted to its new digital platform were focused mainly on gold investment. These investments are financed by gold that is stored in the mint’s vaults. Gold is popular among investors across the globe, especially during times of uncertainty, such as during the coronavirus pandemic. This is mainly because it is considered to…

ThursdayAug 05, 2021 1:45 pm

IDTechEx Report Finds Interest in Vanadium Growing Even as Alternatives Hit the Market

The vanadium redox flow battery (“VRFB”) is the first battery of its kind to be commercialized and is gaining popularity in the global energy storage system market. The most recent report on redox flow batteries by IDTechEx show that redox flow batteries will be adopted extensively in the near future, as interest in it grows. The large adoption of redox flow battery systems doesn’t imply that lithium-ion batteries will cease to exist in the market but that both systems will be addressing different needs. IDTechEx expects lithium-ion batteries to primarily be used for short-duration storage, noting that the range addressed…

WednesdayAug 04, 2021 3:00 pm

Rising Metals Prices Trigger Renewed Interest in Zombie Mines

A mine located in Bosnia and Herzegovina may soon resume silver production, after a more than three-decade hiatus, following years of civil unrest. Paul Cronin, CEO of Adriatic Metals Plc, which is the mining company that will be handling this project dubbed the Vares project, reveals that the silver mine could begin production by next year’s end. This is part of an emerging trend that involves resuming operations in “zombie” mines that halted production due to various reasons including political unrest, owner bankruptcy or weak prices. In an interview, Cronin, a former investment banker, stated that some of these mines,…

TuesdayAug 03, 2021 2:00 pm

US Report Forecasts Demand for Nuclear Microreactors

The Global Market of Microreactors report centers on the potential of microreactors and the future international microreactor market, evaluating their potential deployment and unique capabilities in certain international markets in the period between 2030 and 2050. The report observes that the coming years will see a growing demand for nuclear microreactors in key markets around the world. The study utilized various techniques to analyze rising market trends and rank markets in more than 60 nations, including newcomer countries and current users of nuclear energy in order to obtain various potential demands. Microreactors are sometimes called nuclear batteries and are a…

MondayAug 02, 2021 3:00 pm

Analysts Forecast Precious Metals Shortage in Near Future

Analysts expect that in the near future, the global mineral market may experience a shortage of metals followed by a sharp increase in metal prices. The analysts explain that the shortage will be driven by the globally growing popularity of energy storage systems and electric cars as well as the increase in demand for clean sources of energy. Estimates released by the International Energy Agency state that by 2040, the demand for lithium will have grown by more than 40 times, while that for nickel and cobalt would have increased by 20 times in the same time frame. Other precious…

FridayJul 30, 2021 2:55 pm

Experts Say Inadequate Mineral Refining Capacity Could Jeopardize Renewable Energy Agenda

Earlier in April, the Biden Administration revealed its plans for renewable energy, which require mining projects that increase the country’s access to the minerals needed to build solar panels, wind turbines and electric cars. However, its decision to postpone orders that allow for mineral development on Alaskan land and another to halt a land swap that would allow for copper to be mined on sacred Apache land has been heavily criticized by Republicans in the country. While many believe that not expanding the country’s mining during the energy transition in order to increase competition with China on the critical mineral…

ThursdayJul 29, 2021 2:48 pm

Liquid Ore: The Future of Green Mining

There exists a correlation between the production of renewable energy and mining output that can be seen in the rising demand for nonmetallic and metallic minerals, which is being driven by the demand for batteries and other elements needed for the production of energy from renewables like solar and wind. A recent study conducted by researchers from Oxford University has found that liquid ores may soon become the standard for green mining in the natural resource sector. As more countries shift to the use of renewable energies in an attempt to reduce emissions and the emphasis on ESG issues grows,…

WednesdayJul 28, 2021 1:45 pm

Renewable Energy Lab Predicts Decline in Cost of Battery Storage Systems

The NREL recently released a report that examines both the performance and cost of different transport and electricity technologies. The lab included various energy storage technologies in its forecast, in addition to residential and commercial solar PV, utility, offshore and onshore wind as well as other technologies. The report predicts substantial decreases in the cost for battery energy storage in the period between now and 2030, noting that the declines in cost will continue to 2050. With regard to energy storage, the annual technology baseline report includes pumped storage hydropower, residential and commercial battery storage analysis as well as utility-scale…

TuesdayJul 27, 2021 3:40 pm

Canadian Government Invests $40 Million to Support Innovation Advancements in Mining Sector

Last week, Canadian Minister of Innovation, Science and Industry, the Honorable François-Philippe Champagne, announced that a $40 million investment would be made to the Centre for Excellence in Mining Innovation Inc. to help boost the mining sector, which is a crucial part of Canada’s economy. The investment is being made via the Strategic Innovation Fund, which has been designed to support and attract high-quality business investments across all the economy’s sectors. The investment would support the establishment of the Mining Innovation Commercialization Accelerator Network in the country’s mining sector. Canada is rich in critical minerals, which are crucial to the…

MondayJul 26, 2021 2:15 pm

Worldwide Uranium Production Set to Register 3.1% Recovery in 2021

Figures show that the global production of uranium will recover by more than 3% this year, owing to the resumption of operations at Canada’s Cigar Lake mine as well as other mines that were suspended last year. In addition, while the mineral’s production in Australia will continue to decrease because of the halt in operations at the Ranger mine, Russia and Kazakhstan will record significant increases in their output. In the recent past, international production has been limited, primarily because of a slow uranium market, which was affected by the coronavirus pandemic. Last year, global uranium production decreased by more…

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