NewsRoom Articles - Page 21 of 173

FridayFeb 14, 2025 10:00 am

Industry Applauds B.C. Government Plans to Expedite Mining Projects as Trump Tariffs Loom

The British Columbia (B.C.) government is taking swift action to protect its economy in response to Donald Trump’s tariff threats. On Monday, Premier David Eby unveiled plans to fast-track approvals for 18 minerals deemed critical as well as energy projects, totaling approximately $20 billion. This initiative is aimed at reducing administrative delays and ensuring that key projects, particularly in remote and rural communities, move forward quickly. The mining industry has welcomed the move, seeing it as a much-needed step toward strengthening B.C.’s resource sector. The Mining Association of British Columbia (MABC) expressed strong support, emphasizing the importance of accelerating major…

ThursdayFeb 13, 2025 10:00 am

Trump Orders End to the Production of Copper Coins

In a bold move to cut government waste, President Trump has ordered the Treasury Department to suspend minting pennies. Pointing out the skyrocketing costs of production, Trump announced the decision via Truth Social account, stating, "For far too long, the United States has minted pennies which literally cost in excess of 2 cents. This is pure waste! It's time to cut unnecessary spending from our nation's budget, even if it means starting with a single penny." The decision comes amid concerns over the financial burden posed by penny production. The U.S. Mint says the cost of producing a single penny…

TuesdayFeb 11, 2025 10:00 am

Report Finds That Chinese Companies Control About 75% of Nickel Capacity in Indonesia

A recent report by the Washington-based nonprofit C4ADS has revealed that Chinese firms control approximately 75% of Indonesia’s nickel refining capacity. This dominance has raised concerns about supply chain control, economic influence, and environmental risks, particularly as nickel plays a crucial role in the global electric vehicle (EV) market. Indonesia is the world’s largest nickel producer, with a refining capacity of 8 million metric tons spread across 33 companies. Over the years, the country has implemented policies that ban the export of raw nickel ore, forcing companies to refine nickel domestically. This has attracted massive Chinese investment, leading to China’s…

FridayFeb 07, 2025 10:00 am

How You Can Add Gold Coins to Your Portfolio This Year

Gold has been on a strong upward trend in 2025, with prices soaring past $2,800 per ounce. As inflation rises and economic uncertainty continues, more investors are turning to gold as a safe-haven investment. One of the best ways to add gold to your portfolio is through gold coins. Not only do they offer flexibility, but they also have the potential to increase in value over time. If you’re considering gold coins for your investment strategy this year, here’s how you can buy them. Buy from a Reputable Online Dealer Online gold dealers are a popular option for many investors.…

ThursdayFeb 06, 2025 10:00 am

Gold Hits New Record Highs as Trump’s Tariffs Bash Stocks

Gold prices soared to unprecedented levels on Monday as financial markets reeled from U.S. President Donald Trump’s announcement of new trade tariffs. Investors, fearing economic instability, turned to gold as a safe-haven asset, driving its price above $2,828 per ounce. The rally was not limited to the U.S.—gold also hit all-time highs in euros, Japanese yen, British pounds, and Indian rupees, underscoring the widespread investor flight to safety. The surge in gold prices was triggered by Trump’s confirmation that, starting Tuesday, the U.S. would impose significant tariffs on its largest trading partners. Imports from Canada and Mexico will face a…

TuesdayFeb 04, 2025 10:45 am

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Working to Capitalize on 2024 Trends

Platinum and palladium have experienced continued demand growth in 2024. This year has been marked by high levels of industrial and investment activity, with significant milestones achieved in a variety of sectors. Platinum Group Metals (NYSE American: PLG) (TSX : PTM) has made significant strides in 2024, particularly through its Waterberg Project in South Africa. This year has been important for platinum and palladium as well as for companies in the industry, such as Platinum Group Metals (NYSE American: PLG) (TSX: PTM). PGMs, which include platinum, palladium and rhodium, have experienced robust demand and growth in 2024. These metals are critical for…

TuesdayFeb 04, 2025 10:00 am

Major Copper Producers in Africa Eye Profits from Copper Trading

Africa’s biggest producers of copper, Zambia and the Democratic Republic of Congo (DRC) are making bold moves to gain a larger share of profits from copper trading. With global demand for the metal soaring—thanks to its use in artificial intelligence (AI), electric vehicles, and green energy—these nations are determined to take more control over how their copper is sold. For years, transnational trading houses, such as Glencore, have dominated copper trade, leaving African governments with only a small fraction of the profits. But now, both Zambia and Congo are pushing their state-owned mining companies to play a bigger role in…

MondayFeb 03, 2025 11:45 am

AI Alliance in Europe Announces LLM to Rival DeepSeek and Silicon Valley

As the AI dominance of Silicon Valley comes under attack from upstarts like DeepSeek, an alliance in Europe is planning to up the ante with its ambition to come up with European-grown alternatives that are as good as or even better than the existing artificial intelligence options. The project, dubbed OpenEuroLLM, aims to develop next-gen open source Large Language Models to enable the continent to have leaders in the digital age and to make public services across the continent have access to cutting-edge tools that are homegrown. The alliance will create foundation models which support the languages on the continent and will be accessed…

FridayJan 31, 2025 10:00 am

Gold Recovers as Tech Stocks Slide and Tariff Uncertainties Affect Markets

Gold prices bounced back on Tuesday after a sharp drop caused by a selloff in tech stocks. The precious metal rose 0.8% to $2,762.02 per ounce, recovering from its steepest decline since mid-December. The earlier dip was linked to a tech-led market selloff, partly driven by developments in low-cost AI technology. However, growing uncertainties around U.S. tariffs and economic policies helped gold regain its appeal as a safe-haven asset. The rebound in gold prices comes as U.S. President Donald Trump announced plans to impose new tariffs on imported goods like computer chips, pharmaceuticals, and steel. These tariffs aim to encourage…

ThursdayJan 30, 2025 10:45 am

New Copper-Gold Discovery in Canada’s Premier Porphyry Mining District: Torr Metals Inc. (TSX.V: TMET) Expands Sonic Zone Potential

Torr Metals announces a new undrilled discovery at its Kolos Copper-Gold Project, expanding the Sonic Zone to a 12 km² alteration footprint, highlighted by high-grade copper results of up to 1.10% Located just 30 kilometers southeast of Canada’s largest open-pit copper mine, the Kolos Project’s new findings align with the region’s significant copper-gold alkalic porphyry systems like the nearby New Afton and Copper Mountain mines The discovery’s strategic proximity to existing provincial and mining infrastructure offers cost-effective exploration and development, promising significant shareholder value as further exploration unfolds A Legacy of Copper Excellence: Highland Valley Highland Valley, Canada’s largest open-pit…

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