NewsRoom Articles - Page 42 of 164

MondayMar 11, 2024 12:30 pm

As Precision Farming Gains Traction, Market for Controlled Release Fertilizers Set for Explosive Growth

Currently, the controlled release fertilizer market in North America is valued at $570.1 million. With a compounded annual growth rate of 7.91%, it is expected that the value of this market will have reached $900.4 million by 2030. This is according to the recent Market Share Analysis report on the controlled release fertilizer market in North America. The study period runs from 2016, with forecasts through 2030. The largest segment under this market by type of coating is polymer-coated fertilizers, which supply the important secondary and primary nutrients to the crops. This eliminates the need to apply the fertilizer multiple…

FridayMar 08, 2024 11:45 am

As Sentiment About Impending Rate Cuts Strengthens, Gold Rises to 3-Month Highs

At the start of this week, the price of gold reached a three-month peak driven by increased bets for an interest rate cut by the Fed come June. Spot gold hit $2,113.3 an ounce, representing a 1.4% increase. This is its highest price since the start of December 2023, when its price reached $2,135.40 an ounce. U.S. gold futures hit $2,126.30 per ounce, a 1.5% increase. This improvement in the precious metal’s price comes after its price recently surged about $50, driven by weak price pressures as well as construction and manufacturing spending. Disappointing economic data also facilitated the surge…

WednesdayMar 06, 2024 12:15 pm

Traders Say Additional US Sanctions Likely to Hamstring Exports of Russian Coal to India

Traders who deal with coal from Russia believe the new sanctions the United States has imposed on Moscow will likely negatively influence imports of thermal coal from the Eastern European country to India. This, they say, is because the sanctions specifically mention Mechel and SUEK, leading Russian export companies. Mechel is a top producer of specialty steels in Russia and is involved in the manufacture of rolled products from different types of steel. SUEK is a flagship transportation logistics company in Russia that operates its own railway infrastructure. The Russian defense ministry is one of the company’s biggest customers. SUEK…

MondayMar 04, 2024 12:15 pm

Long Bull Copper Traders Stay on Sidelines as Markets Move Sideways

Funds are struggling to navigate the copper market amid rising volatility, choppy trading patterns and weeks of lackluster performance. Despite the critical role copper plays in shaping the global trade landscape and its expected role in the nascent green-energy sector, the red metal has been beset by choppy trade patterns. Volatility on the CME copper contract pointed to the challenges the fund faced in its efforts to predict future market movements as the globe transitions to renewable energy and clean technology. With rapid changes between bullish and bearish stances highlighting the difficulties associated with operating in a consistently narrow price…

MondayMar 04, 2024 9:00 am

Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Poised to Play an Important Role in Powering the Globe’s Energy Transformation

Nickel demand as a green energy metal is expected to continue growing exponentially over the coming years and decades as the world continues its electrification revolution towards net-zero emissions Nickel is expected to witness continued demand from EV manufacturers, with the average EV containing upwards of 25 kilograms of nickel, as well as many other emerging battery uses and technologies High-grade sulfide nickel deposits are low in carbon intensity and make for cleaner, safer mines than Indonesian or Chinese sources, with carbon emissions 5-10x higher than Canadian high-grade nickel, not to mention many other environmental issues Fathom Nickel are seeking…

FridayMar 01, 2024 11:00 am

Fury Gold Acquires Newmont’s Eleonore South Project Stake

Canadian miner Fury Gold Mines has purchased Newmont Corporation (NYSE: NEM)’s nearly 50% stake in the Quebec-based Éléonore South project for $2.2 million. The high-grade gold exploration company will spend an additional $960,000 on the acquisition of around 30.4 million Sirios Resources shares held by Newmont as part of Éléonore South’s consolidation. Fury said the acquisition of Sirios shares was for investment purposes and that the company would continually evaluate the investment to determine the feasibility of any additional dispositions or purchases. Newmont recently announced that it was planning to divest six of its noncore properties, including the Yukon Territory-based…

ThursdayFeb 29, 2024 9:45 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Is ‘One to Watch’

A maiden mineral resource estimate for the Storm Copper Deposit is anticipated to be released in Q1 2024; an expanded drilling program is planned for 2024 to significantly increase the resource, and work is already underway to advance the low capex open pit mining opportunity toward development. In October 2023, the company closed a brokered private placement and a concurrent non-brokered private placement for proceeds of C$2.5 million. In March 2021, the company entered an option agreement that allows American West Metals Limited to earn an 80% interest in Aston Bay’s Storm Copper Project and Seal Zinc Deposit; America West…

WednesdayFeb 28, 2024 12:00 pm

Hecla Registers Near-Record Silver Production in 2023, Expects More Growth

Latest reports from Hecla Mining Company (NYSE: HL) show that the company recorded its second-highest yearly production in its history last year. In total, the mining company produced 14.3 million ounces of silver. Hecla, which is the biggest primary producer of silver in America, had silver reserves totaling 238 million ounces at the end of 2023, its second-biggest reserves ever as well. This is quite a feat, especially if one considers that the company lost five months of production after a fire incident occurred in the Idaho Lucky Friday mine. The Lucky Friday mine resumed operations in January of this…

MondayFeb 26, 2024 10:45 am

Indonesia’s Thermal Coal Exports Soar

Indonesia is set to surpass its 2023 sales after forecasted shipments for January and February 2024 soared by almost 25% in comparison to the same months in 2023. The country, which is the largest exporter of thermal coal globally, is expected to record more than 90 million metric tons of thermal and thermal bituminous coal sales in the first two months of this year. Last year, total exports from Indonesia surpassed 504 million tons. This has many expecting that exports this year will go even higher. The top markets for Indonesian coal thus far include China, the Philippines, South Korea,…

MondayFeb 26, 2024 9:00 am

GEMXX Corp. (GEMZ) Gets Significant Boost for Achieving 2024 Gold, Ammolite Jewelry Goals

Las Vegas-based mine-to-jewelry maker GEMXX Corporation is reporting a 600 percent YOY jump in product delivery values for the month of January The company produces iridescent Ammolite jewelry that it obtains from its own gem mines in Alberta and gold mines in British Columbia, controlling each step in its production chain with no long-term debt GEMXX entered the gold market during the past year, enjoying the precious metal’s stability and record prices amid outside economic fluctuations GEMXX is working to improve its valuation, anticipating S-K 1300 technical reports on four assets will further improve the company’s balance sheet North American…

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