NewsRoom Articles - Page 146 of 206

MondayApr 25, 2022 12:50 pm

FMI Expects Magnesium Sulphate Market to Exceed $1B by 2030

Magnesium sulphate, also known as Epsom salt, has a number of applications across the food processing, agricultural and pharmaceutical sectors. Projections from a recently published market study by Future Market Insights (FMI) shows that the magnesium sulphate market will grow significantly in the short term, with compound annual growth rates of 5.8% and 5.3% in value terms and volume terms, respectively. As the population around the world grows, the scope of pharmaceutical and food industries is expanding significantly. Magnesium sulphate is currently used to manufacture fertilizers and nutraceuticals. This is in addition to being used to prevent and treat seizures…

FridayApr 22, 2022 11:31 am

Carlin-What? A Brief Explanation of Carlin-Type Gold Deposits

Nevada is the largest producer of gold in America and one of the largest gold producers in the world at large. Reports from the Nevada Division of Minerals show that the state produced 5.58 million troy ounces of gold in 2018, accounting for 83% of America’s gold production that year. In terms of global gold production, Nevada ranked fifth behind the countries of China, Russia, Australia and Canada, producing 5.4% of the world’s gold in 2018. Experts estimate that only a fraction of the gold ore in Nevada has been mined and that there are around 120 million ounces of…

ThursdayApr 21, 2022 2:57 pm

Wind Power Surpasses Nuclear, Coal in US

Last month, wind power in the United States hit a new milestone. Wind turbines produced more electricity than nuclear and coal on March 29, 2022, coming second only to natural gas. This is per data released by the U.S. Energy Information Administration. In the U.S., wind speeds and wind-powered electricity generation usually peaks during the spring. The variation of wind speed contributes to different amounts of electricity generation, depending on the season or time of day. On this particular day, the Electric Reliability Council of Texas and the Southwest Power Pool cover parts of South Dakota, North Dakota, Nebraska, Kansas,…

WednesdayApr 20, 2022 1:03 pm

American, UK Companies Collaborate to Develop Massive Uranium Deposits in Argentina

In a move that could deal a blow to America’s dependency on foreign nations for heavy rare earth minerals, mining and refining, specialty chemicals company Evolution Metals has announced the acquisition of massive Argentinian uranium deposits. Evolution Metals announced recently that it had acquired a major position in UrAmerica, a UK-based private critical metals exploration company that currently owns Argentina’s largest prospective uranium deposit. Critical metals refers to minerals that are crucial to a country’s national and economic security. Argentina is one of the most mineral-rich countries in the world. It has extensive mineral deposits of uranium, zinc, iron ore,…

TuesdayApr 19, 2022 3:21 pm

Four Triggers That Could Influence the Price of Gold in the Short Term

The past two weeks have seen a sharp rise in the price of gold, and many watchers of the market may be wondering what lies in store for the yellow metal over the coming weeks and months. Let’s discuss factors that could have an impact on the price of gold in the near term. The price of crude oil Currently, inflation in the United States is at levels last seen 40 years ago, and if the price of crude oil rises any further, we could see inflation surging forward. As inflation rises, so will the demand for bullion because its…

MondayApr 18, 2022 12:19 pm

JPMorgan Foresees 40% Price Hike for Commodities

Strategists at JPMorgan Chase predict that commodities are likely to witness a price surge of up to 40% this year if investors elect to pour more money into natural resources in a timeframe characterized by increasing inflationary pressures. If such a price hike occurs, commodities will enter record-breaking price levels. The JPMorgan strategists say that at the moment, investor allocations in the raw materials segment exceed the average allocations on record historically. However, the situation at the moment cannot be described as “overweight.” Consequently, there is still room for massive funding to flow into raw materials and trigger the surge…

ThursdayApr 14, 2022 3:56 pm

Gold Holds Firm as Ukraine Concerns, Inflation Counter Interest Rate Hike

Last week, the Federal Reserve released the minutes of its meeting held in March. The minutes revealed that the U.S. Central Bank would be increasing interest rates by 25 basis points. The breaking of this news didn’t cause ripples in the gold markets for a number of reasons. First, markets had been expecting the interest rate to be increased by 50 basis points, and the actual increase fell short of that anticipation. This explains why the price of gold hardly lost any ground in the wake of the rate hike announcement. Under normal circumstances, an increase in interest rates reduces…

ThursdayApr 14, 2022 9:00 am

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Establishing Foothold in Growing REE Market

Recent report forecasts REE space to see 4% CAGR through 2027 Demand for magnets projected to increase demand for rare earth elements Energy Fuels is the only U.S. company producing an REE product this far down the REE supply chain A recent Mordor Intelligence article is reporting that the global rare earth elements (“REE”) market has reached an estimated 161,354.65 tons this year, with an expected compound annual growth rate (“CAGR”) of more than 4% between now and 2027 (https://ibn.fm/6UppN). That growth could prove beneficial to Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), a leading U.S.-based uranium mining company…

WednesdayApr 13, 2022 2:51 pm

Goldman Predicts Record-High Copper Prices by Mid-2022

Goldman Sachs, a leading investment bank, warned in a recently released report that copper was slowly headed in the direction of a stockout. Barely a month ago, the metal breached the $5 mark for each pound ($11,000 for a ton). However, the price rally has since toned down, and copper futures are trading at approximately $4.7 per pound in New York. In February this year, Goldman sounded the alarm and warned that a major supply shortage is likely to hit the copper market before the year ends. At that time, existing stocks amounted to approximately 200,000 tons, which could hardly…

TuesdayApr 12, 2022 2:10 pm

First HALEU Production Facility in the US to Be Built in Tennessee

X-energy is a nuclear reactor and fuel design engineering company that develops nuclear reactor designs. TRISO-X LLC, an X-energy subsidiary, recently chose Oak Ridge’s Horizon Center Industrial Park in Tennessee as its construction site for a nuclear reactor fuel facility. The Department of Energy chose X-energy as a recipient for funding through the Advanced Reactor Demonstration Program in October 2020. The funding was granted for use in the construction of a demonstration plant, which can be operational in seven years. In April 2021, X-energy, Grant Country Public Utility District and Energy Northwest established the Tri-Energy Partnership to build an Xe-100-based…

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