NewsRoom Articles - Page 147 of 182

TuesdayJul 13, 2021 3:45 pm

The US Energy Storage Segment Could Peak at 12GWh in 2021

A report by Wood Mackenzie Power & Renewables, an analysis group, states that this year about 12GWh of energy storage may be installed in the United States, adding that the market will grow considerably in the near future. This forecast was included in the group’s most recent energy storage monitor report, which was published in collaboration with the National Energy Storage Association. The group predicts that while last year’s deployments were about 3500megawatt hours, five years from now, the United States will be a 33,000 megawatt hours’ annual market, with a value of about $8.5 billion. In the first quarter…

MondayJul 12, 2021 3:15 pm

Report Predicts Strong Growth for Copper, Gold as Pandemic Is Contained

Fitch Solutions recently released a report that shows that the production growth of copper and gold across the globe is set to resume determinedly as the disruptions that have affected mines in the last year are halted. In the period 2012–2025, Fitch expects that the global mine production growth will stay strong as rising prices encourage more output and investments. The company also predicts that the production of gold across the globe will increase from about 109 million ounces this year to roughly 141 million ounces by the year 2030 at an annual growth rate of 3.2%. According to this…

FridayJul 09, 2021 2:15 pm

Investors Turn to Uranium as Reliable Source of Clean Energy

As more economies and countries execute the transition into the use of clean energy, some investors are looking to uranium as an alternative source of electricity, with many skeptical that weather will be able to meet global electricity needs. Prices of shares in uranium mining companies have been surging, despite the presence of weather dependent solar and wind industries. Even as many companies work to meet the net-zero emissions targets, some investors are pouring money into companies with uranium mining interests because they believe nuclear power is the only way to meet these targets. This is because nuclear is one…

ThursdayJul 08, 2021 1:30 pm

A Look at Covid-19 Effects on Industrial Metals One Year Later

At the onset of the coronavirus pandemic in March 2020, metal prices declined significantly, prompted by a collapse in the demand for metals. Capital spending cuts in the mining sector and mine closures imposed to control the virus’ spread also disrupted both the long-and short-term supply of metals. Today the metals market is at an entirely different level with iron ore and copper prices hitting new highs. Cobalt and nickel metal prices reached two- and seven-year highs in February and March of this year. Government stimulus has aided in the growth in demand for metals and facilitated metal price recoveries.…

WednesdayJul 07, 2021 3:45 pm

Gold Extractors on Course to Hit 2030 Emissions Goals

A recent report released by Wood Mackenzie has found that the international gold industry is on course to meeting the 2°C climate target by 2030. However, the report notes that additional action is needed for the industry to not only meet but also exceed the 1.5°C target. The global metals, mining and renewables research and consultancy group conducted an analysis of the international gold industry in an attempt to evaluate the pace at which the industry can reduce its emissions. At the moment, the cleaner energy projects that have been planned and executed are expected to save no less than…

TuesdayJul 06, 2021 3:00 pm

Prerequisites for Setting Up a Robust Maintenance Program for Mining Machinery

It is a known fact that any mining operation heavily depends on expensive machinery and equipment, highly skilled personnel, and a watertight safety culture as well as the best governance structures. In order to optimize mining operations and limit equipment downtime, several methods are available while setting up a robust maintenance program. We highlight some of the prerequisites for such a program. Condition-based and preventive maintenance Unforeseen equipment shutdowns aren’t only disruptive to operations but they can also be very costly to fix at short notice. This is where preventive maintenance comes in. This periodic maintenance takes a proactive approach…

FridayJul 02, 2021 12:45 pm

Why It’s Always Worthwhile to Invest in Precious Metals

Since last year, conversation surrounding investments in the stock market has mainly been skeptical, even as economies across the globe slowly recover and open back up. This may explain why most investors are moving towards precious metals, such as silver and gold, which have a low correlation with the stock market and usually hold their value even in times of market volatility. If you aren’t sure whether you should include precious metals in your portfolio or how you can do so, below are a few things that you should know. What are precious metals? Precious metals are rare metals with…

ThursdayJul 01, 2021 3:45 pm

Malaysia Considers Integrating Vanadium Batteries into Clean Hydrogen Project

A recent collaboration between AGV Energy, a renewable energy consultancy in Malaysia, and TNG, a resources company based in Australia, may enable the integration of vanadium redox flow batteries into green hydrogen production technology. TNG is a minerals and resources company that targets the market share of strategic metals markets and recently entered into a partnership with V-Flow Tech, a vanadium redox flow battery tech company based in Singapore. On the other hand, AGV Energy is currently working on a technology to develop hydrogen from demineralized water electrolysis, which is powered by renewable energy. The company plans to use the…

WednesdayJun 30, 2021 2:30 pm

Metal Markets Foresee Auto Recovery of Demand as 2021 Progresses

Global economies are slowly recovering from the effects of the coronavirus pandemic, and with economies reopening comes expectations that automotive production will also return to normal. However, for this to happen, the semiconductor shortage that has kept most automotive plants from resuming operations will have to end. This may happen soon, as market participants expect the demand of vehicles as well as their production to increase significantly in the second half of this year. In the United States, one buyer expects that demand will impact the aluminum sector. A large U.S. consumer has noted that it expects production of vehicles…

TuesdayJun 29, 2021 1:45 pm

EIA Report Finds That Most Uranium Used in the US Last Year Was Imported

A recently released annual report by the U.S. Energy Information Administration highlights that a huge majority of the uranium that was used last year by operators and owners of private citizen nuclear power reactors in the U.S. was imported. More than 30% of the uranium came from Canada and Australia with an additional roughly 50% being purchased from Uzbekistan, Russia and Kazakhstan. Altogether, US plant operators and owners purchased over 48 million pounds of uranium compound last year, at the weighted-average price (“WAVG”) of $33.27/pound of the compound. While Kazakhstan made up slightly over 21% in total deliveries, Canada made…

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