NewsRoom Articles - Page 154 of 195

ThursdaySep 23, 2021 2:30 pm

Electric Vehicle Demand to Boost Silver’s Price, Market

Guardian Vaults business development manager John Feeney revealed in a report published last week that despite silver struggling to perform at the moment, the metal should attract new investors in the near future as it became clear that the Fed wouldn’t tighten monetary policies given the lower-than-expected employment figures released in August. Currently, the metal is going for about $24 per ounce. Normalizing interest rates or shifting monetary policy would have negative consequences on the economy, which is why the Federal Reserve will not be taking any action on this. International monetary policies support precious metals, which include silver, whose…

ThursdaySep 23, 2021 9:59 am

StorEn Technologies Inc. Names New Director of Business Development

New director will add significant strength to business development and marketing initiatives Davis has decades of sales and business development experience heavily focused on emerging technology solutions for telecommunications, utilities industries StorEn focused on revolutionizing the world of residential, industrial energy storage StorEn Technologies, a developer of evolutionary vanadium flow batteries with a disruptive patent-pending, all-vanadium flow battery technology, has named John Davis as its new director of business development (https://ibn.fm/XkKIa). Davis is a seasoned executive with almost three decades of experience in sales and business development. “The appointment will add significant strength in our business development and marketing initiatives,…

WednesdaySep 22, 2021 2:15 pm

New Investment Fund Increases Possibility of Uranium Bull Run

The Sprott Physical Uranium Trust has been buying the metal on the spot market since August, which signals the start of a bull run for uranium. At the moment, Sprott holds more than 23 million pounds of uranium, which equates to roughly 14% of international reactor consumption. This move to amass huge amounts of the metal brings the potential bull market period a few years closer to now. Uranium is popularly used by nuclear plants for nuclear fission, and while it can be found in various parts of the globe, it is considered a nonrenewable energy source. Nuclear plants use…

TuesdaySep 21, 2021 2:45 pm

Researchers Have Found New Type of Catalyst That May Protect Endangered Elements

A new study conducted by researchers from the University of Nottingham has found that palladium may help produce new and sustainable ways of protecting the supply of precious metals as well as using and making molecules. The researchers discovered that the behavior of palladium didn’t match the standard characteristics that classify catalysts as being heterogeneous or homogeneous. Normally, catalysts are defined as heterogeneous when reactions occur on the surface of a catalyst and homogeneous when the catalytic centers are mixed with reactive molecules. Chemists usually consider various factors when choosing the type of catalyst to use because heterogeneous catalysts are…

TuesdaySep 21, 2021 12:23 pm

StraightUp Resources Inc. (CSE: ST) Is ‘One to Watch’

StraightUp’s objective is to continue to locate and develop economic, precious and base metal properties of merit In April 2021, StraightUp closed a non-brokered private placement raising C$697,700 The company’s RLX Projects are well positioned on-strike to the southeast of the Red Lake Mining District’s largest gold deposit StraightUp Resources recently completed a heliborne magnetic survey of its Ferdinand Gold Project The company’s management team is led by dedicated professionals with experience in modern exploration techniques StraightUp Resources (CSE: ST)is a public company engaged in the business of mineral exploration and the acquisition of mineral property assets in North America.…

MondaySep 20, 2021 2:30 pm

Gold Rally May Have Hit Plateau

Since the height of the pandemic, the price of gold has been hitting record highs. Last week, the price of gold also rose after the publication of lower than expected nonfarm payrolls. However, this was short lived as the price declined later in the week, falling below $1,800 on Wednesday. This decline is bearish for the yellow metal and shows its inability to maintain gains in the current environment, which displays the metal’s innate weakness. It should be noted that the recent drop in gold prices was at least partly brought about by new developments in the financial markets, such…

FridaySep 17, 2021 2:30 pm

Vistra Energy Concludes Expansion at Largest Battery Storage System in California

The Moss Landing battery system expansion project, dubbed the BESS project, has been concluded. At phase 1, the storage facility reached 1,200 MWh and now with the completion of phase 2, the facility is at 1,600 MWh. Vistra Energy, a power-generation company, brought this project online last year in December at a site that was previously occupied by natural gas turbines at its power plant in the Monterey County, California. LG Energy Solution, which was the project’s Li-ion battery rack supplier, and Vistra Energy celebrated the completion of phase 2 by holding an event that was attended by both companies…

ThursdaySep 16, 2021 2:30 pm

ClearPath Finds That Nuclear Power Is Essential for Decarbonization

ClearPath, a not-for-profit organization, states that in addition to longer operation for nuclear power plants and utility commitments to net-zero emissions, public policy is needed to help avert the plateau to 2050. In a new report, the DC-based organization warned that continued load growth in states that don’t have climate targets and the closure of existing nuclear plants, as well as the exhaustion of economic coal-to-gas shifting in the future, would result in shallow decarbonization. The company expects carbon dioxide emissions to stop decreasing after 2025 and plateau until 2050, even with the recently enacted state-level clean energy standards and…

WednesdaySep 15, 2021 12:30 pm

Post-Lockdown Demand for Batteries Good for Lead Market

Lead is widely used in cable sheathing, ammunition, pigments and, most importantly, car batteries. In July, the metal hit a new high of $2,343 per ton, its highest figure in three years. This high was driven by the resurgence of demand for lead-acid batteries post-lockdown as more motorists return to the roads. Before this, in June, the cash premium over the anchor London Metal Exchange lead price was $35 per ton. This is the most serious squeeze on cash metal since February last year. Much like prior periods of tightness, the squeeze is likely the result of a position clash…

TuesdaySep 14, 2021 12:29 pm

Dismal Jobs Report Boosts Gold While Depressing Dollar

Forecasts released earlier in the year estimated that the U.S. economy would introduce 735,000 jobs in August. However, a report released last week found that last month only about 233,000 jobs were added. This was well below the forecast and is the smallest gain thus far. The dollar fell after the report was released, which in turn boosted the demand for metals such as gold, which hit a four-week high of $1,820.45. Gold futures also increased by roughly 1% to $1,833.80 while palladium increased slightly, to reach $2,407. Spot silver also increased by about 2%, hitting $24.40 per ounce while…

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