NewsRoom Articles - Page 147 of 200

ThursdayFeb 10, 2022 1:07 pm

Uranium in 2022: How High Can Prices Go?

Last year, the price of uranium rose by 45%, going from about $29 per pound at the start of the year to $50 per pound in September. This increase followed growth in 2020, which saw uranium go from $24 in January to $30 by year’s end. Despite not being able to maintain that $50 level, the value of the energy fuel has remained at about $40 since then. Uranium is one of the few commodities that has seen two years of solid gains in the midst of the coronavirus pandemic, which most analysts believe indicates that the metal’s price is…

WednesdayFeb 09, 2022 1:45 pm

Energy Company Uses Decommissioned Audi Electric Car Batteries to Store Energy in Germany

RWE Generation is repurposing decommissioned li-ion batteries from electric vehicles manufactured by Audi into second-life stationary energy storage systems. The energy company has deployed its system, which has a 4.5 MWh capacity, at its pumped hydro energy storage plant, which is located in northwest Germany’s region of North-Rhine Westphalia. The used batteries are removed from development models of the e-tron electric vehicles, which have a 252-mile maximum range and are mainly used for transport. RWE Generation CEO Roger Miesen stated that the company had partnered with the car company to test different ways to employ used high-voltage batteries from electric…

TuesdayFeb 08, 2022 3:41 pm

Goldman Sachs Expects Gold to Hit $2,150 in 2022

Last week, Goldman Sachs published a report in which it raises its 12-month price prediction for gold to $2,150 per ounce. This is a slight increase from its prior $2,000 price forecast. It seems the bank isn’t ready to give up on the precious metal, given its long gold trade recommendation for 2022. This new positive outlook follows the disappointing performance of gold, which was seen last year as its prices closed the year down about 4%. The bank stated that the drop observed in 2021 was understandable in an environment with strong economic activity, with many expecting that increasing…

MondayFeb 07, 2022 2:02 pm

Records Show China Used 30% More Gold in 2021

Last week, the China Gold Association released data indicating that the total consumption of gold in the country in 2021 increased by more than one-third from 2020 as the country’s economy rebounded from the COVID-19 impact. In this latest report, consumption of gold in the country increased by 36.5% year on year, hitting roughly 1,121 tons. It had also risen by 11.8% when compared with the total gold consumption figures from 2019. A previously released industry report showed that the country’s gold consumption had risen by almost 49% from the year before to reach 813 tons during the first three…

FridayFeb 04, 2022 2:33 pm

Tesla Inc. (NASDAQ: TSLA) Deployed Almost 4GWh of Energy Storage Last Year

Tesla (NASDAQ: TSLA) has reported a more than 30% year-on-year increase in battery storage deployments, with executives noting that the company planned to continue to grow its energy storage business this year. The company’s quarterly financial results were released last week showing its annual performance across its energy and automotive sector businesses. In 2021, the company produced and delivered almost one million cars, with PV Tech, the company’s sister site, reporting that 2021 was its best annual performance for solar installs in five years. With regard to battery storage, the company deployed 978MWh during the fourth quarter of last year,…

FridayFeb 04, 2022 10:37 am

StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Continues Progress Toward Generating Cash Flow as it Grows Precious Metal Resource Opportunities

StraightUp seeks to tap into expected growth trends in the price of precious metals to generate cashflow and improve shareholder value This will complement the company’s efforts to acquire more mineral properties in North and South America Mr. Brezer, the President and Director of StraightUp, is confident that the long-term price of precious metals could extend its positive historical trends well into the future He plans to capitalize on this, along with the opportunities at the Red Lake mining district, to grow the company even further StraightUp Resources (CSE: ST) (OTCQB: STUPF) has, since its inception, remained committed to mineral…

ThursdayFeb 03, 2022 2:45 pm

US, Japanese Companies Agree to Expedite Development of Fast Reactors

Last week, Bill Gates’ nuclear company put pen to paper on an agreement with Japanese companies for a joint nuclear project. The project will see the U.S. energy startup TerraPower partner with Mitsubishi Heavy Industries (“MHI”), Mitsubishi FBR Systems (“MFBR”) and the Japan Atomic Energy Agency (“JAEA”). It is through this transnational collaboration that Japan is aiming to rapidly increase innovation in nuclear technology as the United States develops the fourth-generation sodium-cooled reactor. The first step of this cooperation, according to JAEA, is to develop a natrium power plant. Japan’s government has a history of operating reactors, such as Monju…

WednesdayFeb 02, 2022 1:35 pm

Mergers, Acquisitions in Gold Sector Expected to Increase in 2022

Last year saw the number of deals for mergers and acquisitions among gold companies increase. This number is set to go even higher this year as miners clamber for producing assets that will ensure their pipelines remain full. The $10 billion merger between Kirkland Lake Gold Ltd and Agnico Eagle Mines Ltd was the largest gold deal of 2021. Other major 2021 deals include Kinross Gold Corporation’s acquisition of Great Bear Resources Ltd at $1.44 billion and the Newcrest Mining Limited $2.7 billion takeover of Pretium Resources Inc. We expect to see companies follow a similar pattern this year, albeit…

TuesdayFeb 01, 2022 2:13 pm

Is California on Brink of Another Gold Rush?

Grass Valley; a town located in the northern region of California, has a rich gold mining past, with mines such as the Idaho-Maryland Mine that were dug during the California gold rush. Rise Gold, a mining company that purchased the Idaho-Maryland mine in 2017, believes that the precious metal still exists in the abandoned mine. The company plans to reopen the mine, which was shut down in 1956 because of economic policy. The Bretton Woods Agreement of 1944 established a global monetary system to create stability in exchange rates, which fixed the price of gold at $35 an ounce. This…

TuesdayFeb 01, 2022 12:40 pm

Amid Fluctuating Outlook for Gold, Explorer StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Bullish on 2022 Drill Strategy

Investors are taking disparate approaches to gold as unusual inflation pressures raise questions about economic safeguards but the U.S. government continues to tout fiat strength amid employment positivity StraightUp Resources enters 2022 with a tailwind driving enthusiasm about its gold prospects in Ontario’s famed greenstone belt and a historically metal-rich region in the western United States In China, jewelry markets are beginning to recover from the COVID-19 pandemic’s darkest days, reporting a 44.99 percent year-over-year jump in consumer purchases of gold jewelry largely responsible for driving up the larger gold market StraightUp recently announced approval of an early exploration permit…

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