WednesdaySep 08, 2021 2:00 pm

Report Suggests Worldwide Iron Ore Production Will Keep Increasing Till 2025

The latest industry report by Fitch Solutions forecasts that the worldwide production of iron ore will grow in the coming years. The research firm forecasts that from 2021 to 2025, the worldwide iron ore mine output growth will average almost 4%. This is in comparison with the 2.3% forecast of the last five years. According to the market analyst, this will increase the annual production of iron ore by more than 570 million tons by the year 2025, with the main countries driving this growth being Australia and Brazil. In its report, Fitch states that mining companies in Australia, such…

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TuesdaySep 07, 2021 2:20 pm

Aluminum Price Hits New Highs After Supply Concerns Grow

Last week, the price of aluminum hit a new three-year high as concerns about supplies from China, which is the world’s top producer of the metal, increased after the Xinjiang region in the country began imposing output curbs on smelters. For example, last Friday, benchmark aluminum on the London Metal Exchange had increased by 1.5%, hitting almost $2,670 by noon. Earlier in the session, prices had gone up to $2664.50, which is the metal’s highest price since April 2018. On the Shanghai Futures Exchange, the price of aluminum set a new record, with the last time prices had gone that…

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FridaySep 03, 2021 2:15 pm

Gold Rises on Fed Remarks Regarding Dialing Back Monetary Intervention

The price of gold increased last week as Jerome Powell, the chairman of the Federal Reserve, gave his virtual speech at the Jackson Hole symposium. By noon, spot gold had risen slightly above 1%, reaching $1,811.50 per ounce, exceeding the $1,800 level for the second time in the week. In New York, U.S. gold futures were trading at $1,811.61 per ounce, a 0.9% increase. In his speech, Powell stated that the economy has reached a point where it doesn’t need as much policy support, adding that the Fed would begin to decrease its monthly bond purchases before the year’s end.…

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ThursdaySep 02, 2021 2:10 pm

Analyst Says Procurement of Battery Storage Still Chaotic in US

The battery storage market in the United States is plagued with many procurement challenges, which include making sure that consumers understand the performance claims and warranties that come from manufacturers and ensuring the sturdiness of the supply chain. Adam Walters, an experienced renewable energy lawyer, says the growing battery storage procurement market in the U.S. is chaotic. In an interview, he stated that, unlike in 2011 when China surpassed American and European solar PV manufacturers when it began offering incentives, the storage space will be more balanced, even with the involvement of Chinese manufacturers in the industry. He explained that…

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WednesdaySep 01, 2021 4:00 pm

Report Finds Increase in US Critical Mineral Imports

Critical minerals are minerals that are important to the economy. A mineral’s criticality changes with time as society’s needs and supply shifts. Most critical minerals are metals that are essential to high-tech sectors. They include rare earth elements and metals such as platinum group elements, manganese, vanadium, molybdenum, cobalt, magnesium, gallium, tellurium and lithium. An analysis conducted by S&P Global Market Intelligence has found the import of critical minerals into the United States remained relatively unchanged quarter over quarter but increased by almost 8% in the second quarter of this year, in comparison with 2020’s second quarter. The report found…

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TuesdayAug 31, 2021 2:15 pm

Canadian, .US Nuclear Regulators Conclude Maiden Collaborative Project

Nuclear safety regulators in the United States and Canada recently concluded their collaborative project, which focused on small modular reactor licensing. The U.S. Nuclear Regulatory Commission and the Canadian Nuclear Safety Commission have released a joint report that offers feedback on the manufacturing codes it suggests for use in both Canada and the U.S. for the Xe-100 reactor pressure vessel design. The report is the first result of the program of cooperation that the U.S. Nuclear Regulatory Commission and the Canadian Nuclear Safety Commission entered into in August 2019. At the time, President Rumina Velshi of Canada’s nuclear commission stated…

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MondayAug 30, 2021 2:35 pm

Copper Price Rallies After Hitting Half-Year Low

Last week, the price of copper increased, with copper for delivery in September increasing by 2% to $9,084 per ton. This comes after a six-month low that saw copper drop to $8,715 per ton on the Comex market in New York. Analysts believe that the metal’s prices are on course for a decline based on several factors, including the rising coronavirus cases, the Federal Reserve withdrawing stimulus measures and worries about decreasing demand in China, which is the biggest consumer of the red metal. Edward Meir, an analyst at ED&F Man Capital Markets, stated that the macro numbers out of…

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FridayAug 27, 2021 1:45 pm

Report Finds Greenhouse Gas Emissions Didn’t Increase at Gold Mines During Lockdown

S&P Global Market Intelligence recently released a report that looked into greenhouse gas emissions in gold mines. The company analyzed sustainability reports for 2020, which were obtained from more than 90 leading gold mines in order to carry out a year-over-year comparison of emissions and determine the influence of the coronavirus lockdown on greenhouse gas emissions. The report states that despite fluctuations in gas emissions, mining grades declined last year, which led to a decline in the output of gold and, in turn, caused a decrease in per-ounce emissions intensity. In comparison with 2019, the output of gold last year…

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FridayAug 27, 2021 9:00 am

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Signs Alliance to Evaluate Potential Production of Isotopes for Emerging Cancer Therapeutics

UUUU, RadTran to study the recovery of thorium, radium, from existing rare earth carbonate and uranium process streams The alliance has the potential to develop commercial technologies and sources of isotopes needed for a new domestic medical supply chain Partnership aims to alleviate major bottleneck in the targeted alpha therapy market Due to its highly unique licenses, capabilities, and expertise, Energy Fuels (NYSE American: UUUU) (TSX: EFR) is able to supply critical minerals and materials that no other company in the U.S. – or possibly outside of China – is able to do. Energy Fuels’ business revolves around its ability…

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ThursdayAug 26, 2021 4:20 pm

US Utilities Planning to Add 10GW of Battery Storage to Grid by 2023

Between 2015 and 2019, the cost of battery energy storage declined by 72% in the United States. Consequently, utilities in the U.S. are now planning to bring in 10GW of new grid-connected capacity online in the near future. The deployment of battery storage across the country has increased to about 1,650MW, which has allowed power grids to operate more resiliently and flexibly. The Energy Information Administration, under the U.S. Department of Energy, recently released a report that looks at battery storage in the country. The planning data gathered from project developers in 2020 demonstrates that with the 10,000MW set to…

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