NewsRoom Articles - Page 34 of 180

TuesdayDec 03, 2024 10:00 am

Codelco Ramps Up Copper Production to Attain 2024 Targets

Codelco, a copper mining firm owned by the government of Chile has increased its production in an effort to meet this year’s targets. Copper is a critical metal, given its use in the green energy revolution and the increase in use of electric vehicles. The company, which is the biggest producer of copper globally, is trying to revive output following a weak first half of the year and a more than two decade low. Sources reveal that the company hopes to close 2024 with 1.33 million metric tons of copper, a 0.5% increase from its 2023 figure. In an internal…

MondayDec 02, 2024 10:00 am

Gold Slides as Markets Weigh Fed Outlook, Treasury Pick

Earlier this week, the price of gold fell as signs of reducing political tensions in the Middle East diminished appetite for the precious metal. In a statement, the Israeli ambassador to the United States revealed that Israel was possibly days away from a cease-fire agreement with Hezbollah of Lebanon. This comes after Israel breached the country’s borders on October 1st, an escalation of the Israel-Hezbollah conflict. TD Securities’ Global Head of commodity strategy Bart Melek explained that there was a positive risk-gold relationship, noting that a reduction in risk resulted in a decrease in the price of gold. Bullion saw…

WednesdayNov 27, 2024 9:30 am

AI Boom Transforms Nearly 150-Year Old Japanese Firm into the Country’s Hottest Stock

The current boom in AI has turned a previously little-known Japanese company into a star on the stock market. Fujikura, which has been in existence for the past 139 years, has shot to fame because of its longstanding excellence in making cables for data centers. Since the beginning of this year, the shares of this company have seen a whopping 400% rise in value. Consequently, Fujikura is top of the best performing stocks on the Stock Average Index of the Nikkei 225. Because of this stellar performance, the company made its debut on the MSCI’s worldwide standard indexes. This is…

TuesdayNov 26, 2024 10:00 am

Texas Wants to Create Silver and Gold-Backed Fiat Currency

Rep. Mark Dorazio has filed two measures that, if approved, would establish silver and gold-backed transactional currencies. The Texas legislator filed House Bills 1056 and 1049 earlier this month. In a report from the 10th Amendment Center, National Communications Director Mike Maharrey explained that under the proposed regulations, the state’s comptroller would issue silver and gold coins through the state’s Bullion Depository and set up a silver and gold transactions currency. The depository would also be required to hold enough silver and gold to back the issued currency. If passed, the measures would allow holders of silver and gold coins…

FridayNov 22, 2024 10:00 am

Silver is Set to See a Deficit This Year, JPMorgan Update Notes

Silver was the best performing metal for last week, despite its price being 3.5% lower. The precious metal is used in electronics, jewelry, solar panels, and electric vehicles, as well as an investment. The Silver Institute expects that the international silver market will record a physical deficit this year, making it the fourth year in a row this has happened. Recovery in the demand for jewelry and silverware as well as industrial demand is expected to increase aggregate demand to 1.2 billion ounces. This is despite the 16% drop in physical investment in the metal. Supply from mines is also…

FridayNov 22, 2024 9:30 am

AI is Helping to Ease the Job Application Process

Several companies are touting novel artificial intelligence technologies that promise to revolutionize the job-search process. This development has emerged at a time when the rate at which people are looking for new jobs has reached very high levels. For example, data reveals that at least 28% of U.S. residents were recently job-hunting. Jeff, a well-followed TikTok user, emphasized that as hiring managers incorporated more AI functions in the hiring process, applicants also need to go the extra mile in order to stand a chance of being hired. In his videos, Jeff walks viewers through the AI-backed processes. He adds that…

FridayNov 22, 2024 8:45 am

Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) Moves Forward at Parbec Gold Project with Key Initiatives

ABC News reported that the price of gold climbed to an all-time high in October as uncertainty prompted investors to seek safe havens. Renforth Resources geologists are currently working to advance the knowledge of the Parbec project through several initiatives. The company is applying for stripping permits and undergoing a comprehensive geochemical analysis program. This year has seen gold consistently increase in price, with many seeing the precious metal as an essential piece of a solid portfolio. In October, gold reached its all-time high — $2,790.07 — and many forecasters expect the price to go even higher before the year is over.…

ThursdayNov 21, 2024 10:00 am

US House Passes Critical Minerals Consistency Act

Last week, the U.S. House of Representatives approved a bill that amends the Energy Act of 2020 to broaden the definition of critical minerals to include materials designated by the energy department. The bill in question, the Critical Mineral Consistency Act of 2024, was passed with bipartisan support of Democrats and Republicans. Under current regulations, the critical minerals list contains minerals that are needed for energy, including those on a similar list by the United States Geological Survey. The bill directs that the geological survey include the materials in the energy department’s list on its own list. In detail, it…

ThursdayNov 21, 2024 8:45 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Reports on Storm Copper Project Deep Drilling Campaign

Aston’s CEO reports that drilling confirms the company’s geological model. The 2024 deep-drilling program has delivered further evidence of a very extensive laterally oriented deeper copper horizon that covers an area of more than 10 square kilometres (km2) and remains open. All three deeper drill holes in the 2024 program — collared approximately 2 km apart from each other — have intersected copper sulfides and prospective stratigraphy within the interpreted deeper copper horizon. Additional results from the 2024 campaign to be reported in the coming weeks. Amid strategic diamond-drilling activities, Aston Bay Holdings (TSX.V: BAY) (OTC: ATBDF), a publicly traded…

TuesdayNov 19, 2024 10:00 am

3 Smart Moves to Make as the Price of Gold Drops

Since 2024 began, interest in gold investing has increased significantly, driven largely by the metal’s price surging over the last few months. Over the last ten months, gold’s price has risen to new highs while attracting even more investors and breaking prior records. Some analysts forecast that the metal’s price may hit $3000 an ounce before the year ends, based on its current trajectory. However, it is also important for investors to keep in mind that the price of gold can just as easily start dropping. This month, the precious metal’s price has dropped to $2560.90 an ounce, quite a…

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