NewsRoom Articles - Page 44 of 194

TuesdayJan 14, 2025 10:00 am

As the Holiday Break Ends, Attention Goes to How Gold is Shaping Up for the Year

Gold didn’t experience a Christmas rally for the first time in years but still saw its price rise by 26% at the end of 2024. Even with the strengthening of the U.S. dollar and rising bond yields, the metal’s price continues to move closer to $2700. Analysts expect that the precious metal’s break from its conventional relationship with bond yields and the dollar will be a primary theme this year. Already, gold has recorded new highs against the euro and British pound. They note that investors are less worried about the higher opportunity costs for holding the metal and more…

TuesdayJan 14, 2025 9:30 am

UK Premier Announces Plan to Grow Domestic AI Capability Twentyfold by 2030

UK’s Prime Minister Keir Starmer has set his sights on making the UK a global superpower in the AI space. He wants the industry to grow and create rivals to OpenAI in a move calculated to significantly grow domestic computing power so that technologies vital to national security are innovated within the country. Of special interest to the government is the need to quickly expand AI data center capacity so that developers can have the needed infrastructure to rapidly deploy powerful foundational artificial intelligence models. It is noteworthy that a bold target of growing AI computing capacity by twentyfold has been…

FridayJan 10, 2025 10:00 am

Commodities Exhibit Mixed Market Signals as 2025 Gets Underway

The price of spot gold recently dropped below $2,650 following a short rally at the start of the year. This suggests that buyers are still struggling, with an increase in price higher than $2,665 potentially paving the way back to last year’s highs of $2,720. During the same period, WTI crude oil has observed a significant increase in its price, with bullish momentum remaining strong. Some expect crude oil’s price to surpass its $74 high from last week, with concerns over tighter Iranian and Russian oil supply due to sanctions imposed by the West growing. The ban placed on U.S.-sanctioned…

WednesdayJan 08, 2025 9:30 am

Israel Announces New Hub to Expedite Military AI and Autonomy Research

The government in Israel has set up a new office based at the Defense Ministry. This office will superintend over the development of technology focused on AI and autonomy. Dubbed the AI & Autonomy Administration, this team will operate under the auspices of the ministry’s defense research and development directorate. The directorate plays a crucial role in Israel’s military technology space. Officials revealed that the purpose of this new office is to revolutionize the war capabilities of every section of the military so that the IDF (Israel Defense Forces) maintains its operational superiority within the region. The office will bring together specialists from academia,…

TuesdayJan 07, 2025 10:00 am

The Only US Cobalt Mine Runs Out of Cash, Plans to Go Private

Jervois Global, a mining firm based in Australia that primarily produces cobalt, recently entered into a recapitalization agreement with alternative investment firm, Millstreet Capital Management. A significant drop in the price of cobalt has seen the firm enter bankruptcy proceedings in an effort to save itself and its workforce. Since hitting a new high in April 2022, the price of cobalt globally has dropped by over 70%. Jervois’ recapitalization proposal will see it go private, receive $145 million in new capital and get delisted from the Australian Securities Exchange. The funding is expected to support the business and growth initiatives,…

MondayJan 06, 2025 8:45 am

Gold: A Resilient and Reliable Investment Amid Technological Disruptions

In an era dominated by technological innovation and the rise of digital assets like bitcoin, gold remains a steadfast pillar of wealth preservation. As the financial landscape evolves with blockchain, decentralized finance, and other digital technologies, gold continues to stand tall as the ultimate safe haven asset (https://ibn.fm/BxmPE). While digital currencies rely on technological infrastructure and constantly compete with each other, gold is a time-tested symbol of stability and wealth preservation—especially during times of crisis and uncertainty. When digital systems falter—such as during black-swan events that halt internet connectivity or when trust is rapidly lost—gold transcends these limitations, offering a…

FridayJan 03, 2025 10:00 am

Leading Copper Smelters in China Agree to Lower Charges in Q1

Copper’s properties as a corrosion-resistant, extremely malleable high conductor of electricity have made its use in different industries irreplaceable. Sources reveal that major copper smelters in China agreed to lower processing treatment and refining charges for Q1 2025. This move hints at a looming shortage of copper concentrates due to a decrease in the availability or production of copper ore as ore grades continue to decline and demand increases. This argument is supported by the increased price of the red metal on the London Metal Exchange, which rose to $8988 per ton after a 5-week low. During a China Smelters…

ThursdayJan 02, 2025 10:00 am

US Graphite Producers Want 920% Tariff Imposed on Chinese Graphite

Last week, a coalition of graphite producers in America filed a petition to the Department of Commerce and the International Trade Commission asking the department to impose tariffs on Chinese imports of synthetic and natural graphite used to manufacture Li-ion battery anode material. In its petition, the American Active Anode Material Producers argued that the 25% tariff that’s currently imposed on Chinese graphite imports was too low. The coalition also asked that an investigation be conducted under America’s antidumping and countervailing duty statutes. This development comes as trade tensions between the United States and China continue escalating following president-elect Trump’s…

MondayDec 30, 2024 10:15 am

Nvidia is Increasingly Focusing on Robotics as Competition in the AI Chips Space Toughens

As competition in the AI chips segment stiffens, Nvidia Corp. (NASDAQ: NVDA) is looking to dominate the emerging AI robotics space. This company, currently valued at approximately $3.3 trillion, helped to launch the meteoric rise of AI and it now wants to market compact computers specifically for humanoid robots. The new crop of computers from Nvidia, referred to as Jetson Thor, is planned to hit the market in early 2025. This new development came to light in a report carried by the Financial Times. Nvidia plans to be the go-to platform when the humanoid robotics race gets underway. Nvidia’s VP…

FridayDec 27, 2024 10:00 am

What the Recent Fed Rate Announcement Means for Gold Investors

Last week, the Fed announced another rate cut on interest, the third one this year. This move lowered the rate of federal funds by twenty-five basis points and builds on prior rate cuts carried out in September and November, with the earlier one seeing the federal funds rate drop 50 basis points. Jointly, these decisions have decreased the benchmark rate by 1%, emphasizing the Federal Reserve’s response to shifting economic conditions. The Federal Reserve hopes that by reducing its benchmark rate, it can encourage spending while staying alert to inflation, which has started rising again in recent months. While this…

MiningNewsWire provides insights and opportunities in the mineral and mining sectors.

Contact us: (512) 354-7000