NewsRoom Articles - Page 195 of 218

WednesdayMar 10, 2021 2:30 pm

Surging Protectionism May Threaten Natural Resources Sector

A study conducted recently found that nations that are rich in natural resources have become more protectionist in the last year as the COVID-19 pandemic threatened their economies. The study, which was published last week by Verisk Maplecroft, a risk consultancy firm, found that over the course of last year, 34 nations had observed a considerable growth in resource nationalism, with the coronavirus pandemic only aggravating an existing trend toward government intervention. Maplecroft discovered that of the 34 nations, 18 of them were dependent on the hydrocarbons or minerals they export; the firm forecasted that the isolationism threat would only…

TuesdayMar 09, 2021 2:15 pm

Tesla Inc. (NASDAQ: TSLA) to Provide Technical Advice During Caledonian Nickel Mining

Last year, Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk stated that he’d award a huge contract to any miner that could extract nickel in a way that was environmentally sustainable. Recently, Musk stated that his biggest concern was how to increase the supply of nickel, which is needed for electric vehicle (“EV”) batteries. This is how Tesla came to be a technical adviser of a contentious nickel mine in New Caledonia. Last week, leaders in the French Pacific region decided to sell their stake in Vale to Prony Resources. Vale had been trying to find a buyer for the mine…

MondayMar 08, 2021 3:00 pm

Investors Turning Their Backs on Mining Firms with Questionable Human Rights Records

Earlier this year, the Capital Markets Modernization Taskforce in the Ontario government gave a few recommendations for improving Ontario’s investment environment. In part, the body advocated for compulsory climate change-related disclosure and recognized that Environmental, Social and Governance standards played a huge role in the market and could impact a company’s financial performance. However, the body proposed a reporting standard that did not account for the social effects and risks of investing and failed to address Indigenous concerns and human rights. Conversely, the internationally recognized UN Guiding Principles Reporting Framework requires that firms disclose any human rights issues. Prior to…

FridayMar 05, 2021 1:45 pm

Copper Demand Expected to Exceed Supply in 2021

Earlier in January, copper was trading at the highest price recorded in nearly eight years. The price of the metal increased in February with forecasts showing that this trend will continue in March. However, investors wager that as the world slowly recovers from the effects of the coronavirus pandemic, the supply tightness of copper will grow. Senior StoneX metals analyst Natalie Scott-Gray predicts that this year the demand for copper will increase by roughly 5%, which will overtake the metal’s supply, which shortage she expects to rise by 2.3% annually. If Scott-Gray’s forecasts are spot on, this would mean that…

FridayMar 05, 2021 12:05 pm

Uranium Energy Corp. (NYSE American: UEC) Positioned Favorably to Capitalize on Rising Uranium Demand

Increased nuclear power projects fueling rising demand for uranium UEC controls one of the largest historical uranium exploration and development databases in United States UEC property portfolio includes properties previously explored and developed by senior energy firms UEC has fully licensed, low cost, ISR projects positioned to supply the U.S. Uranium Reserve Nuclear energy included in Democratic Party’s energy platform for first time in 48 years After spending a solid ten years in a downward trend, uranium stocks are now making fresh 52-week highs amid increased demand for energy (https://ibn.fm/GXF7e). Uranium Energy (NYSE American: UEC), a U.S.-based uranium mining and…

ThursdayMar 04, 2021 3:00 pm

Cross-Border Mining Sector Deals Total $2.4B in Last Quarter of 2020 in North America

During the last quarter of 2020, the mining and metals industry in North America registered a 6.98% decline in cross-border deal activity. This is according to the most recent data from analysis conducted by GlobalData, which compared numbers from 2020’s last quarter to the average of the last four quarters. While the average of the last four quarters had 43 cross-border deals, 2020’s final quarter announced 40 cross-border deals in the region, which were valued at $2.4 billion. With regard to all types of deals, M&A witnessed the most activity in last year’s final quarter with 38 deals, which made…

WednesdayMar 03, 2021 1:15 pm

Fraser Institute Ranks Nevada as World’s Top Mining Destination

A 2020 survey of exploration and resources released last month by the Fraser Institute found the newest attraction for mining investors to be Nevada, which is in the United States. Nevada replaced Western Australia, which is rich in iron ore. Fraser Institute’s new popular ranking was based on responses collected from 276 participants, which offered adequate data to assess the overall investment attractiveness of 77 regions. The result is a combination of the Policy Perception Index and the Best Practices Mineral Potential. The former is a composite indicator that measures how attitudes toward exploration investment are affected by government policy…

TuesdayMar 02, 2021 12:15 pm

Mining Stocks Surge, Outlook Still Bullish

Over the last year, the mining industry and some of the biggest global miners have benefited greatly from the rapid growth in value of metals they extract. Futures of various metals have surged, with platinum futures gaining 32% in the past 12-month period, silver futures adding 51% and copper futures gaining 62%. Citigroup analyst Ephrem Ravi forecasts that the sector is bound to improve even further with the dollar’s decline. A weak dollar environment boosts the purchasing power of crucial commodity-consuming markets, such as China, while a lower dollar also allows global monetary conditions to loosen, as majority of the…

MondayMar 01, 2021 2:02 pm

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Poised for Growth as Uranium Price Expected to Increase

Industry leaders remain hopeful that 2021 will be positive year for uranium market Demand outstrips supply as global push for carbon-free energy source gains momentum amid muted supply As the leading U.S. uranium producer, Energy Fuels is ready to leverage growing market opportunity, remain at forefront of U.S. nuclear energy space After years of stagnation, industry leaders are confident that the uranium market is going through a revival, heading for potentially rapid growth in the coming years. As a leading U.S. uranium producer, Energy Fuels (NYSE American: UUUU) (TSX: EFR) appears poised to seize on the growing calls for nuclear…

MondayMar 01, 2021 1:55 pm

The Benefits of Sea Bed Mining

From whatever angle you look at it, mining minerals from a sea bed offers unique benefits, not only because of economics buts also because of social justice issues and the environment. As we move into the future, more minerals such as lithium, cobalt, tellurium and neodymium, as well as iron, copper, zinc, lead and even graphite are needed to build wind turbines and electric vehicles, among many other things. While the demand for these minerals is steadily increasing, their supply is unstable as their extraction brings about various social and environmental effects. For instance, waste from high-purity silicon processing, graphite…

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