NewsRoom Articles - Page 150 of 158

TuesdaySep 15, 2020 3:00 pm

Could China’s Extreme Increase in Aluminum Imports Spark an Imbalance in the Sector?

Earlier this year, China exported much less aluminum than it imported, which is rare because China is the world’s largest producer of aluminum. In 2018 and 2019, China, a huge exporter of semis, exported about 5.2 million tons of semi-manufactured products. The last time China was a net importer was in 2009. The aluminum import surge is expected to be short-lived, just like in 2009. However, it might be possible that we are witnessing structural shifts in the global aluminum market. In June, 123,000 tons of primary aluminum were imported by China and an additional 185,000 tons in July. This…

MondaySep 14, 2020 2:40 pm

Europe Joins Scramble for Critical Minerals

Precious minerals have become very crucial that every miner is not taking chances. Some continents like Europe have realized that they are running out of these precious minerals. Furthermore, Europe is also facing competition from low-cost minerals from China. The situation is putting Europe at a critical stage as it has to struggle and recover its sustainable minerals. However, for this to happen, Europe will have to produce many of these minerals that the region does not have. This has forced the European Union to follow the U.S. and Japan's footsteps to build its metallic supply. It is predicted that…

MondaySep 14, 2020 10:00 am

Why is Coal Still the Preferred Option in Beijing Energy Production?

Of the many oil companies declaring their various projects that will help reduce emissions, one has many surprised: PetroChina Company (NYSE: PTR) Unlike other oil companies in Europe and the U.S., China’s oil firms do not usually treat climate objectives as a serious issue that needs to be addressed. On top of that, Beijing, which is one of the most air polluted cities in the world, isn’t even planning on hitting its emissions peak until the year 2030. It appears that not even the huge fund managers that have been calling for Western oil firms to further improve their carbon…

FridaySep 11, 2020 3:15 pm

Copper Mining Revolutions that are Beneficial to the Environment

For many years, companies like Kingman Minerals Ltd. (TSX.V: KGS) have produced copper that is utilized in many sectors, given its many qualities, such as its high electrical and thermal conductivity. In this day and age, roughly half of all the copper produced in the world is an essential for electricity sectors around the globe. Its common use may also be attributed to the fact that copper can be reused for an indefinite amount of time without losing any of its physical or chemical properties. Recycled copper is identical to primary copper and its production uses less energy. Reusing copper…

FridaySep 11, 2020 9:15 am

Geologists Discover Green Way to Access Minerals

A recent study that was published by an international team of scientists, in the Nature Communication journal explains that copper, nickel, cobalt as well as platinum elements can be transported away from the Earth’s mantle through magma in carbon dioxide bubbles. This team of scientists, who found out that carbon dioxide played a critical role in making minerals that are used in green technologies more accessible for mining, also discovered that carbon dioxide transported these metals into the upper crust, where they could form into bigger ore deposits. The geoscientists come from different prestigious institutions such as the Scottish Universities…

ThursdaySep 10, 2020 2:45 pm

AI Companies Seek to Solve Mining’s Oldest Challenge

Mining companies are now relying on artificial intelligence in trying to resolve some of the challenges that plague mining operations. This comes after a number of artificial intelligence (“AI”) companies have availed several technologies that can help in addressing the longstanding problems of the mining industry. This technology is essential as it is helping the companies reduce their operational costs. Several mining companies are now thriving, courtesy of artificial intelligence. However, the decrease in the quality of the minerals ores is leading companies to consider using technology to remedy the situation. For example, the use of technologies from Intellisense.io, an…

ThursdaySep 10, 2020 11:30 am

How Technology Can Help the Mining Sector Comply with Global Tailings Standards

Technology will play a vital role in helping mining companies come to terms with the Global Industry Inspection Standards guidelines. The set rules aim to improve the mining methods to stop human injuries and help in the conservation of the environment during mining. In collaboration with International Council on Metals and Mining and Principles for Responsible Investment, United Nations Environmental Program has decided to come up with these guidelines to curb the continuous accidents experienced while the mining process is ongoing. It has been noted that what is accelerating these accidents are the multiple tools that the miners use. Additionally,…

WednesdaySep 09, 2020 3:15 pm

Possibility of Coronavirus Vaccine Discovery Causes Gold Price to Wobble

Gold and other precious metal prices had shot up when the pandemic struck due to several restrictions from different countries. However, the prices have started fluctuating as several researchers globally are giving a ray of hope in coming up with a vaccine to fight the pandemic. Its drop in price is due to the rapid improvement in economies since the lockdown measures are being eased. Drop-in Prices of Gold The cost of gold had risen, but the gains were quickly halted by the news that a coronavirus vaccine could be ready by the end of the year. The drop in…

WednesdaySep 09, 2020 2:00 pm

US Lawmakers Unveil Bill to End Dependence on Imported Rare Earth Minerals

U.S. legislators recently set in motion a bipartisan bill whose objective is to reduce America’s dependence on rare earth elements that China provides for the country. These rare earth elements include erbium (Er), cerium (Ce), europium (Eu), dysprosium (Dy), gadolinium (Gd), praseodymium (Pr), lanthanum (La), holmium (Ho), lutetium (Lu), neodymium (Nd), promethium (Pm), scandium (Sc), terbium (Tb), samarium (Sm), ytterbium (Yb), yttrium (Y) and thulium (Tm). They are commonly found in minerals that contain thorium (Th) and less often, uranium (U). These elements are used in many gadgets and equipment, such as rechargeable batteries for hybrid and electric cars, computers,…

TuesdaySep 08, 2020 2:30 pm

Coal and Nuclear Energy Remain Essential to Meet US Energy Demand

The high production of natural gas, especially from Shale, has made the U.S. think that they do not require coal and nuclear energy to meet the high electricity demand. This is a big misconception since the two sources of energy are still needed to help supply the much-required electricity in the country. Since the economy of America is growing at a rapid rate, depending on one source of energy is very risky hence the need to diversify to various sources of energy. High Demand for Electricity Due to the increasing electricity demand, it will be difficult for America to supply…

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