NewsRoom Articles - Page 20 of 164

TuesdayOct 29, 2024 10:00 am

Anglo American Keeps its 2024 Guidance Unchanged Despite Drop in Q3 Copper Production

Last week, Anglo American announced production results from its third quarter while maintaining this year’s guidance for the minerals. In its results, the global miner revealed that the output of rough diamonds has dropped by 25% on cuts because of prolonged reduced demand. The production of copper also decreased by 13% in the third quarter, adding that for the first 9 months of the year, the red metal’s production dropped by 4%. During the same period, the production of diamonds fell 21%. The global miner added that its De Beers diamonds unit was looking into alternative options to increase output…

MondayOct 28, 2024 10:30 am

Tiny Island in the Caribbean Gets Windfall as AI Boom Gathers Steam

While it is common knowledge that investors in tech firms like Nvidia Corp. (NASDAQ: NVDA) are accumulating fortunes from AI, the island of Anguilla is also minting serious cash from this industry. This started at about the time ChatGPT went public and set off a frenzy among companies wishing to get websites ending in .ai. Cue in Anguilla. This British territory in the Caribbean didn’t know it had struck future gold when, by a stroke of luck, it was allocated the .ai internet address back in 1995. Each country has a unique internet address for sites located within its jurisdiction,…

MondayOct 28, 2024 9:45 am

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Eyeing Response to U.S. Recommendation to Impose Sanctions on Russian Titanium, Palladium

The Biden administration aims to weaken Russia’s financial stability through sanctions, limiting its ability to sustain its war efforts in Ukraine. Imposing sanctions on Russian titanium and palladium would create several strategic advantages for the U.S. Sanctions on Russian palladium and titanium could be especially advantageous for existing producers and emerging palladium mining projects outside of Russia. The United States recently called on its Group of Seven (“G7”) allies to consider imposing sanctions on Russian titanium and palladium supplies, a move that, if approved, could have a profound impact on global metals markets as well as on Russia’s economy (https://ibn.fm/Q9sHS).…

FridayOct 25, 2024 11:15 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX): Tapping into Argentina’s Growing Copper Potential

Argentina is rapidly emerging as a key player in the global mining industry, positioning itself to become a significant producer of copper and other minerals critical to the world’s clean energy transition. The country’s ambition to rank among the top ten copper producers by 2030 reflects its immense potential, driven by vast untapped mineral reserves, recent policy reforms, and a growing pipeline of mining projects. Currently, Argentina holds an estimated 75.5 million metric tons of copper reserves, representing about 3% of the global total (https://ibn.fm/XkBiO). Although this is modest compared to copper giants like Chile and Peru, Argentina’s improving investment…

FridayOct 25, 2024 10:00 am

Northern Graphite Plans to Double its Production in Quebec

Canadian graphite producer Northern Graphite has revealed plans to double its output at the Lac des Iles production plant in Quebec to meet increased demand for graphite outside of the Chinese supply chain. Graphite plays a critical role in electric vehicle battery development and its demand is poised to surge over the next few decades as automakers across the globe ramp up electric vehicle production. However, with China producing or processing the majority of the world's EV battery metals, Western lawmakers are keen on sourcing these materials from alternative markets. Additionally, China is limiting the export of critical minerals like…

ThursdayOct 24, 2024 10:00 am

Why Gold Prices are Notching New Records

Last week saw the price of gold hit a new high as uncertainty about the upcoming presidential elections in the U.S. and conflict in the Middle East prompted investors to seek out safe haven assets. Experts believe that an image of global instability often prompts investors to buy more gold in a bid to safeguard their finances. A senior market analyst at Kitco Metals, Jim Wyckoff, explains that the lack of consensus among the public or the market on which candidate will win the election is causing uncertainty, which often triggers demand for gold as a safe haven asset. This…

ThursdayOct 24, 2024 9:45 am

Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Making ‘Significant Strides’ in Promising Black Sea Region

The Black Sea basin is estimated to contain significant amounts of natural gas. Being geographically closer to European markets and offering untapped potential, the Black Sea is ideally positioned to become a crucial supplier of natural gas to the area. With active projects in the region, particularly in the South Akçakoca Sub-Basin (“SASB”) off the coast of Türkiye, Trillion Energy is capitalizing on the area’s promise. In recent years, the Black Sea has emerged as a critical region for natural-gas exploration and development. As Europe seeks to diversify its energy sources, reduce dependency on Russian natural gas and transition to…

WednesdayOct 23, 2024 9:00 am

Companies like McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) will Capitalize on the Growing Demand for AI Resources

Artificial intelligence is rapidly reshaping the landscape of economies around the world. Estimates indicate that generative AI alone will triple its growth to a total market value of $1.3 trillion in the next decade. As most investors know by now, there is a surge in the demand for energy-guzzling data centers that are designed to develop and train AI systems. They also know that advanced semiconductor chips are at the heart of all AI technologies. However, many haven’t considered that critical minerals, such as copper, gold and silver, are vital components of this burgeoning industry. To put the skyrocketing demand…

MondayOct 21, 2024 10:00 am

The Use of Silver by the Military Remains Shrouded in Mystery

A new analysis posits that the use of silver by the military may be significantly higher than demand from investment, solar panels, and electronics combined. These findings raise questions regarding transparency of the metal’s demand data, with a new discovery showing that the U.S. turned 1,000-ounce silver bars obtained from the West Point Bullion Depository into cylindrical billets and made magnetic coils from them. Experts also found that five federal agencies, such as the U.S. Geological Survey, Department of the Interior, Department of Energy, and Department of Defense stopped giving reports on the metal’s inventories in the late 90s. Actions…

FridayOct 18, 2024 1:30 pm

Groundbreaking Work on AI Wins Duo Nobel Prize in Physics

Geoffrey Hinton, undeniably referred to as “the Godfather of AI,” has been awarded the Nobel Prize in Physics alongside John Hopfield for their groundbreaking work that triggered the development of machine learning, the science behind artificial intelligence as we know it today. The duo got this global recognition for the foundational work that they did that made it possible for various AI applications and products to become a reality. Hinton, a University of Toronto-based computer scientist and his peer Hopfield, a Princeton University professor, shared a $1m cash prize that came with their coveted award. The ceremony recognizing the pair…

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