NewsRoom Articles - Page 155 of 180

MondayApr 05, 2021 2:45 pm

Minnesota Senator Requests Biden Administration to Resume Copper Mining Study

Senator Tina Smith of Minnesota is calling for the Biden administration to resume a study that could possibly affect the proposed Twin Metals Mine. Last week, the senator sent a letter to Interior Secretary Deb Haaland and Agriculture Secretary Tom Vilsack, asking them to continue with a study on the safety of mining copper-nickel-sulfide ore in the Rainy River Watershed, which includes the site of the proposed Twin Metals Mine as well as the Boundary Waters Canoe Area Wilderness and Voyageurs National Park (BWCAW). The study was commenced under the Obama administration but terminated under the Trump administration. It would…

ThursdayApr 01, 2021 2:59 pm

Price of Gold Drops as Feds Increase Bond Yields

Last week, the price of gold dropped significantly, decreasing from a more than two-week high as bullion continues to lose its appeal as well as its value, with the value of the dollar climbing steadily and the U.S. Treasury yields increasing. Meanwhile, the U.S. gold futures for April delivery remained stable at $1,728.80/ounce while spot gold declined to $1,728.96/ounce by midday EST, which is roughly a 1.1% drop. On the other hand, zinc dropped to $2,792 per metric ton, a 1.2% decline while palladium surged by nearly 7%, the biggest increase since May 2020. Other metals, such as tin, advanced…

WednesdayMar 31, 2021 2:30 pm

US Eyes Canada as Source of Minerals for EV Manufacturing

The federal government of the United States is working toward helping battery manufacturers and miners in America expand into the neighboring country, Canada. This is part of the government’s strategy to counter Chinese dominance in the market and improve the regional production of minerals that are used to make electric cars. Last week, the U.S. Department of Commerce hosted a virtual meeting with battery manufacturers and miners to talk about different ways to improve production of electric vehicle materials over in Canada. This move comes at a time when demand for electrified transportation is set to rise tremendously over the…

TuesdayMar 30, 2021 1:45 pm

Green Hydrogen Could Help to Decarbonize Mining Activities

The latest industry report released by Fitch Solutions shows that, in the near future, green hydrogen will have a crucial part to play in decarbonizing the metals and mining sector. Fitch, a market analyst, expects that in the mining industry, energy storage and transportation will be the main applications for the use of green hydrogen, especially with companies generating their own supplies of this fuel initially by purchasing the needed on-site components and systems. Green hydrogen is simply hydrogen fuel that has been created using renewable sources. Currently, green hydrogen makes up a paltry 0.1% of the worldwide hydrogen market…

TuesdayMar 30, 2021 1:09 pm

Asia Broadband Inc. (AABB) Launches Sale of AABB Gold Cryptocurrency Token

Asia Broadband Inc. announced the sales launch of the Company’s AABB Gold (“AABBG”) cryptocurrency token developed by Core State Holdings, Corp. (“CSHC”) The new token from AABB Wallet will be available for purchase in exchange for other major cryptocurrencies such as Bitcoin, Ethereum, and Litecoin The price of the AABBG token will increase or decrease, reflecting the token’s general market demand, which in turn will be influenced by the overall price of gold (the minimum token piece will increase and decrease with the price of gold, but the upside price of the token will also be influenced by market demand…

MondayMar 29, 2021 2:41 pm

University of Nevada Expands Geothermal Systems Exploration Operation

University of Nevada faculty and graduate students from the geophysics department recently reported a new exploration project focused on blind geothermal systems using UAV magnetics. The university stated that geophysicists could now carry out bigger regional surveys for mineralogical or geothermal interests by enhancing the ease of deployment and margins of safety. Geothermal power is a green energy source that has the potential to provide baseload power continually and is being produced in various regions across the globe. The state of Nevada has many geothermal fluids that rise to the surface and can be used to produce power. However, most…

FridayMar 26, 2021 12:15 pm

Lithium Prices Still on Rise in 2021

Benchmark Mineral Intelligence recently released an assessment that showed how the price of lithium had risen significantly in China, driven by the heavy demand for lithium iron phosphate (“LFP”) batteries. Benchmark, which is a battery supply chain research and price reporting agency, found that the mid-March midpoint price for battery-grade lithium carbonate had increased by 88% since the start of 2021 to more than $12,600/ton. This is the highest level recorded since March 2019. In its new report, the agency reveals that some transactions were completed as high as $13,400 with signs of a market shortage showing as suppliers run…

ThursdayMar 25, 2021 3:08 pm

Vision Blue Resources Launches $300M SPAC Focused on Becoming Battery Metals Giant

Mick Davis, who is the former CEO of Xstrata, recently founded Vision Blue Resources, a battery metals investment firm whose objective is to become a battery metals giant. The company recently launched a $300 million SPAC (special-purpose acquisition company). Last week, ESM Acquisition Corp, co-sponsored by the Energy and Minerals Group, a private equity mining investor and VBR, made its debut on the U.S. market. The company seeks to invest in mining projects that are engaged in the production of minerals required by electric vehicles and other green energy technologies. The objective is to use ESM to look for bigger…

WednesdayMar 24, 2021 12:30 pm

Poll Finds M&A Activity in the Mining Sector Will Grow Due to Covid-19 Effects

The mining industry may soon experience an increase in merger and acquisition activity, especially with overhauling of balance sheets and strong commodity prices, according to a recent poll. Verdict carried out a poll that analyzed how the coronavirus pandemic, which impacted different sectors and many economies around the world, will affect M&A activity within the natural resource sector. An analysis of the results from the poll show that the coronavirus pandemic will grow M&A activity in the natural resources sector, which 39% of the poll respondents agreed upon. Of the remaining 61%, 34% of the poll’s respondents were of the…

TuesdayMar 23, 2021 3:00 pm

Report Suggests That Europe Trailing Behind in Battery Metal Production

Last week, Aperio Intelligence released a report on battery metal production that predicts a significant growth in the demand for raw materials for the e-mobility sector in Europe by 2025. The report reveals that local producers may not be able to meet this increase in demand. According to the report, in 2019, Europe produced roughly 750,000 electric vehicles (“EVs”). This total is set to increase to by more than 4 million electric vehicles by 2025. This corresponds to a growth from 4% of market share in 2019 to 22% market share in 2025. Aperio Intelligence states that this growth in…

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