NewsRoom Articles - Page 172 of 188

FridayDec 18, 2020 12:15 pm

Expected Shortage of Lithium in Mining Industry Prompts New Exploration

A Forbes article recently reported that, while the price of lithium has been decreasing drastically since 2018 as more and more individuals purchase electric vehicles, lithium stocks may regain some momentum and win big. This is mainly because not many projects are currently making lithium, which the world is in need of. The World Bank notes that when compared to the current demand for lithium, we will require five times as much lithium globally in order to meet the world climate targets by the year 2050. With this in mind, the financial entity is worried that by the year 2025,…

ThursdayDec 17, 2020 1:30 pm

Chile Considers Growing Copper Smelting Capacity

The natural resource industry in Chile is deliberating on whether to grow its capacity in the production of refined copper or concentrate on the already established export in copper concentrate. Despite the nation being the first worldwide in the production of copper concentrate, only 25% of the total copper produced is processed in the country. The director of Cesco, the copper studies center, Iván Valenzuela, stated during a webinar that the poor management of some firms in the smelting sector may have discouraged more investment in the sector. The center’s interests lie in the separation of both factors. He argues…

WednesdayDec 16, 2020 12:45 pm

Study Uncovers Ways to Minimize Arsenic Contamination During Mining

A recent study that was published in “Applied Geochemistry” examined how climate and acidity affects strategies for removal of arsenic downstream of the Porgera Joint Venture gold mine in Papua New Guinea. The study centered on sequestration, a process involving the capture and storage of arsenic by sediment and soil. Arsenic can be found in soils and sediment as well as in mine waste. Arsenic that is found in dissolved water is harmful to both the ecosystems and people. Long-term exposure to the component can cause skin lesions and cancer. The study looked into how sediment in mine areas sequestered…

TuesdayDec 15, 2020 2:14 pm

Energy Fuels (NYSE American: UUUU) (TSX: EFR) Has Critical Mineral Portfolio Unlike Any Other

"Energy Fuels will always, first and foremost, be a uranium producer,” says CEO Company is playing it smart with financial stability, scalable production and additional revenue streams that utilize existing facilities Additional revenue streams include rare earth elements, vanadium, uranium recycling, and land clean-up Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading U.S.-based uranium mining company that supplies major nuclear utilities and is making huge moves into the rare earth elements (“REE”) space, is debt free and boasts diverse cash-flow-generating opportunities. In addition to uranium and REEs, the company produces vanadium, recycles uranium-bearing products and participates in land clean-up…

TuesdayDec 15, 2020 12:45 pm

Gold Prices Decline as Coronavirus Vaccination Begins

The price of gold dropped from its two-week high as coronavirus vaccines were prepared for introduction to various markets. Gold futures in the United States decreased to $1,853.20 per ounce, a 1.1% decline while Spot gold decreased by the same percentage to $1,848.30 per ounce. The vaccine rollout seems to be affecting the price of gold, as the Johnson & Johnson coronavirus vaccine is currently awaiting regulatory approval and Pfizer progresses with its vaccine trials. This progress for both firms comes after Britain became the first country in the West to begin an extensive vaccination drive. While the National Health…

MondayDec 14, 2020 1:00 pm

CO2 Emissions, Methods Used in Mining Gold: Is There a Link?

Gold has benefitted greatly this year, becoming one of the metals that performed best as its prices reached new highs. Additionally, a number of new mines have also started their operations, largely due to the strong price performance of the metal in the past recent years. With the growing concern on the effect mining has on climate change and the environment generally, a review of gold mines’ greenhouse gas emissions is in order. Underground mines have lower greenhouse carbon footprints as compared to their open-pit counterparts, which are larger. The underground mines usually process less material and operate at higher…

FridayDec 11, 2020 1:37 pm

Josemaria Resources Inc.’s (TSX: JOSE) (OTC: JOSMF) Argentina Project Could Benefit from Two-Year High Copper Prices

Rising copper prices tied to COVID-19 vaccine breakthroughs Market expert notes that “positive news for the metals is compounding and copper is gaining momentum” JOSE focused on development of its Josemaria Copper-Gold Project In an intriguing take on the COVID-19 global pandemic, copper prices have reached a two-year high because of the connection the base metal has to vaccine breakthroughs (https://ibn.fm/l2Z8y). Those increasing prices bode well for Josemaria Resources (TSX: JOSE) (OTC: JOSMF), a natural resources company that is focused on developing its wholly owned Josemaria Copper-Gold Project in Argentina. “On the Comex market, copper for delivery in December gained…

FridayDec 11, 2020 11:45 am

How Cleaner Energy Can Be Derived from Mining

With more countries around the globe adopting green standards and using more renewable energies, the natural resource industry is presented with the rather important role of providing the minerals that renewable energy relies on. For instance, by 2050, the International Renewable Energy Agency expects that the worldwide capacity of solar power will be at 8,519 GW. The production of PV panels requires rare earth elements such as cadmium and indium as well as copper and aluminum. Likewise, turbine generators need neodymium, which is used in magnets. And if you didn’t know already, wind turbines are manufactured from steel, which means…

ThursdayDec 10, 2020 11:15 am

Push to Low Carbon Emissions May Benefit Mining Firms

With more companies and countries going green, the demand for some metals and other renewable energies is bound to increase. This makes mining an important feature in a low-carbon future. Some of the minerals whose demand may grow include rare earth elements, cobalt and nickel. The executive director of Mining Industry ML Ed Moriarity explains that the demand for both cobalt and nickel is expected to increase by more than 1,000% by the year 2050. Both cobalt and nickel are used in batteries of electric vehicles. The battery industry is also forecasted to grow in the next decade to $90…

WednesdayDec 09, 2020 12:30 pm

Copper’s Value Projected to Increase as Bull Run Begins

Last week, copper was trading at $7,616ton, its highest price since 2013. Interestingly, the metal’s price is increasing as various pharmaceutical firms announce the development of effective coronavirus vaccines. In fact, the value of copper grew by 12.24% last month, as hopes of the global economy opening to full capacity grow. The growth in value may also be attributed to improved manufacturing activity in China, Eurozone and the United States. Last month, factories in China reported huge improvements, the strongest in more than a decade. New orders surpassed 10-year highs with the PMI of Caixin China General Manufacturing posting at…

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