NewsRoom Articles - Page 147 of 186

WednesdayAug 25, 2021 1:30 pm

Price of Copper Drops Amid Concerns of Fourth Coronavirus Wave

The price of copper has been declining for the past few weeks, as concern over a fresh surge in coronavirus cases in North America and Europe rises among investors. On the Comex market, copper for delivery in September declined by about 2%, reaching $4.22 per pound. On the Shanghai Futures Exchange, the most-traded copper contract for September fell by about 0.5% to $10777.34 per ton. The price of copper is saddled by the increasing coronavirus cases globally and potential tightening in policies in some major economies, which may make it more difficult to recover. Earlier this week, China, which is…

TuesdayAug 24, 2021 3:00 pm

Nuclear Power Reactors Allocated $6 Billion in Bipartisan Infrastructure Bill

Under the new bipartisan infrastructure legislation, nuclear power reactors have been allocated $6 billion. This move is supported by the Biden administration and Senator Joe Machin, who is an advocate for nuclear reactor incentives and the chairman of the Senate Energy and Natural Resources Committee. Nuclear energy is a zero-emission, clean-energy source that generates power through uranium atoms splitting in a process known as fission. It produces more electricity on less land in comparison to other clean-energy sources and is also carbon free. Estimates from the Nuclear Energy Institute also show that the United States avoided more than 475 million…

TuesdayAug 24, 2021 11:54 am

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Only NA Company in Position to Produce Monazite-Derived REE

Monazite sand is so valuable because of its superior distributions of magnetic REEs for use in clean-energy, defense and other technologies UUUU has licenses, ability to unlock the value of this domestic resource This year, the company and its partners have created a U.S.-E.U. rare earth supply chain Monazite has long been recognized as one of the most valuable rare earth elements (“REEs”) in the world, but it requires specific licenses and specialized technical capabilities to handle and process. Energy Fuels (NYSE American: UUUU) (TSX: EFR) may be the only company outside of China with the equipment, expertise and licenses…

MondayAug 23, 2021 3:55 pm

US Infrastructure Policy a Boon for Industrial Metals

The $1 trillion infrastructure package introduced by the Biden Administration will help boost the demand for aluminum, copper and steel as well as improve the domestic supply of critical minerals and battery metals. That package includes roughly $6 billion set aside for battery materials manufacturing and processing projects, with more than $100 million being issued for the development of a rare earth demonstration plant. The objective of the Biden Administration is to invest in domestic critical metals production. Presently, about 80% of the rare earth metals used in the United States is imported from China. The $140 million awarded will…

FridayAug 20, 2021 2:50 pm

How Ocean Mining Could Play Out

Pandemic recovery packages for some countries have driven the demand for commodities such as lithium, iron ore and copper even higher. With the demand for metals needed for the clean energy transition and electrification increasing, many companies are thinking about venturing into ocean mining, a virtually unexplored market. Research has shown that the sea floor is abundant in various metals, with reserves estimated to be worth more than $16 trillion. Where is ocean mining expected to occur? Research has found that the Clarion Clipperton Zone, located between Mexico and Hawaii in the Eastern Pacific Ocean, has the most minerals. About…

ThursdayAug 19, 2021 2:45 pm

Long-Duration Energy Storage Market Growth Faces Policy Bottlenecks

A panel of experts has come to the conclusion that market mechanisms in the energy sector must be adjusted with the aim of supporting long-duration energy storage, as current frameworks have found it hard to incentivize these technologies. The experts debated the policy outlook for long-duration storage during the 2021 Energy Storage Summit, which was organized by Solar Media. Robert Hull, the energy advisory managing director at Riverswan, called attention to how revenue-generating mechanisms weren’t supportive of long-duration, energy-storage technologies, despite the support of overall policies. He noted that nearly all of the 4GW long-duration, energy-storage assets in the United…

WednesdayAug 18, 2021 2:30 pm

Could Gold Be Experiencing a Mid-Cycle Market Correction?

Paul Wong, a strategist at Sprott Market, believes that gold may soon experience a rally in the coming months. Last month, gold bullion increased by 2.5%, with mining equities also seeing a modest recovery in their fortunes, with an increase of 3.33%. The price of gold at the month’s end was $1,814.19 per ounce. Despite this gain, the precious metal is still down 4.44% year to date, with silver also down by 3.44%. In his report, Wong stated that this year’s weak performance of gold was a mid-cycle correction for precious metals, adding that gold performance in June was most…

TuesdayAug 17, 2021 1:26 pm

Why In-Situ Recovery Is a Great Mining Method

Mining is the extraction of geological materials and valuable minerals out of the ground, with the most popular mining methods being open surface, underground and in-situ mining. Unlike the other mining methods mentioned, in-situ mining doesn’t involve a lot of digging or landscape disturbance. Also known as in-situ leaching and in-situ recovery, the method isn’t a new innovation in the natural resources industry, having been used for more than five decades to mine uranium. Nearly 50% of the total uranium mined globally is mined using in-situ recovery. Other minerals that can be extracted from the earth using this method include…

TuesdayAug 17, 2021 9:30 am

Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Reports Strong Second Quarter Financial Results

The company reported revenues of $9.7M, in-line with Q1 2021’s sales while gross profit improved to $2.1M, up 16% quarter over quarter Excellon’s production cost per tonne decreased to $273, down 8% quarter over quarter The company also increased its exploration expenditures to $1.8M in Q2 2021, with ongoing mining activity at Mexico’s Platosa mine, as well as in their German and Idaho-based sites Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2), a silver and base metals producer with precious metal projects in Mexico, Idaho and Germany, has recently published their second quarter results for the 2021 fiscal year.…

MondayAug 16, 2021 1:45 pm

Four Technologies That May Help Address Energy Storage Challenge

Many of the renewable sources of energy, such as solar and wind energy, flow and ebb depending on the prevailing weather conditions. If renewable energy is to become the dominant source of global energy, reliable and cost-effective solutions on a utility scale have to be developed and deployed so that excess energy can be stored in order to be used when the natural supply is low, such as at night when solar panels cannot collect energy from the sun. Here are four technologies that hold the greatest promise for fixing the energy storage challenge. Pumped hydro The basic thinking behind…

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