NewsRoom Articles - Page 160 of 194

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…

MondayJun 28, 2021 2:00 pm

Four Factors Fueling Increase in Price of Metals

The prices of various metals, including industrial metals, have been rising, driven by economies around the world reopening. Thus far, metal prices have surged by 72%, in comparison with the levels observed prior to the pandemic. Earlier in May, prices hit a nine-year high, with the increase mainly influencing industrial metals such as nickel, iron ore and copper, which were up by 41%, 116% and 89%, respectively. Apart from this, the prices of some energy and agricultural commodities have also risen but at a steadier rate. So why have the prices of metals surged in comparison to other commodities? Well…

FridayJun 25, 2021 2:15 pm

Why Silver May Be Superior to Gold in Near Future

Gold, which is sometimes referred to as the yellow metal, and silver are considered to be precious metals because of their reflectivity. Of the two metals though, silver reflects 95% of white light, which makes it suitable for use in jewelry. Silver is actually the shiniest metal, with aluminum coming in second, reflecting 90% of white light. However, despite coming in second, it is aluminum that is used by NASA in its Hubble Space Telescope. Why? Because aluminum can stand the test of time, while silver oxidizes too fast, causing it to tarnish at a rapid rate, which turns it…

FridayJun 25, 2021 10:38 am

Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) to Benefit from Surge in Silver Investment Demand

Silver prices rose by 29% YoY in 2020, led by an 8% increase in physical investment demand The World Silver Survey 2021 has forecast total silver demand to rise by 15% in 2021 to 1.03 billion ounces, with industrial silver consumption set to bounce back by 8% YoY The rosy demand outlook contrasts against silver’s tenuous supply profile, with annual mining production declining for a fourth consecutive year in 2020 Excellon Resources is among the leaders in the search for new silver deposits, with a precious metals growth pipeline that includes: Platosa, Mexico’s highest-grade silver mine since production commenced in…

ThursdayJun 24, 2021 3:12 pm

Energy Fuels (NYSE American: UUUU) (TSX: EFR) Ramps Up REE Production

Energy Fuels is making major strides toward restoring critical U.S. rare earth supply chains No other U.S. company is producing a product this far down the rare earth value chain Company working to transform into 'America's Critical Mineral Hub,' with the main focus being on the White Mesa Mill As the U.S. government appears to be throwing support and assistance behind efforts to limit its dependence on other countries for the mining and production of various metals, Energy Fuels (NYSE American: UUUU) (TSX: EFR) is increasing its efforts to produce commercial rare earth elements (“REEs”), as well as continue its…

ThursdayJun 24, 2021 12:30 pm

China to Stabilize Metals Prices by Releasing Reserves

Earlier last week China revealed its plans to hold an auction for industrial metals from its national reserves in an attempt to control commodity prices. The country’s National Food and Strategic Reserves Administration stated on its website that it would be releasing zinc, aluminum and copper to manufacturing and processing firms in the coming weeks. This notice comes at a time when Beijing is struggling to control a surge in the prices of different metals that was brought about by speculative buying; the surge has affected manufacturers’ margins, adequate global liquidity and post-pandemic economic recovery. These rising commodity prices have…

MiningNewsWire provides insights and opportunities in the mineral and mining sectors.

Contact us: (512) 354-7000