NewsRoom Articles - Page 48 of 127

TuesdayJan 10, 2023 12:53 pm

Precious Metals Traders Believe Recession Fears Likely to Weigh on Commodities

Precious metals trader Heraeus Group predicts that several geopolitical and economic factors will play a major role in silver, platinum and gold markets through 2023. Last year proved to be extremely volatile, with the Russia-Ukraine war slowing down the already weak global economy and lockdowns in China crippling the country’s economy and impacting supply chains around the world. Prices for commodities such as gold, palladium and silver rallied in the wake of the Ukraine invasion but saw their prices settle at lower levels as the war waged on. With most of the world still grappling with rising inflation and increased…

TuesdayJan 10, 2023 11:15 am

Canada Nickel Company Inc. (TSX.V: CNC) (OTCQX: CNIKF) Is ‘One to Watch’

Canada Nickel in December 2022 announced positive drilling results from exploration at its Reid and Sothman properties The company in November 2022 announced recovery of valuable by-products from a processing pilot test, including cobalt, palladium, platinum and chromium Canada Nickel announced in November 2022 improvements to its accelerated CO2 capture process Canada Nickel announced in October 2022 it closed a secured loan with Auramet International of $10 million Canada Nickel has engaged Deutsche Bank and Scotiabank as financial advisors for the Crawford Nickel Sulphide Project Projections indicate that, by 2035, world demand for nickel will double from current levels to…

MondayJan 09, 2023 10:59 am

Gold Soars to Six-Month Peak, Analysts Expect More Bullish Action This Year

Despite a relatively volatile performance in 2022 coupled with a two-year low in September, gold prices recovered and were trending upward as the year drew to a close. After gold prices went down to $1,659.47 per ounce in mid-September, the lowest they had been since April 2020, they recovered and began going up through October and November. By Jan. 3, 2023, spot gold prices had peaked at just under $1,850 per troy ounce before settling at around $1,838 per ounce. U.S. gold futures also went up by 1% to trade at $1,844.20 per ounce as gold recovered from the September…

FridayJan 06, 2023 11:24 am

2022 Review: Gold Holds Steady as Popular Asset

Last year proved to be a mixed bag of a year for precious metals and gold, in particular. The year was characterized by a significant amount of turbulence, with Russia’s invasion of Ukraine, historic inflation, consecutive interest rate hikes by the Fed and failures within the cryptocurrency space making the global markets extremely volatile. Gold, which has traditionally acted as a store of value during times of economic upheaval, exhibited price volatility for the majority of the year amid global inflation, the rising cost of living and high interest rates. Despite this volatility, gold prices trended upward as the year…

ThursdayJan 05, 2023 11:48 am

Major Coal Miners Rake in Billions in Profit Amid Global Energy Shortage

Last year, the biggest coal-mining companies globally raked in more than $97 billion in profits. This is quite a feat, especially based on the expectation that the coal industry was projected to be experiencing loses. Data from S&P Capital IQ shows that the demand for fuel increasing globally is responsible for the tripling of coal profits in the 12 months ending June 30, 2022. Figures from the International Energy Agency show that in 2022, the demand for coal around the globe increase by 1.2% to set a new record. Despite most countries pledging to stop using coal in favor of…

WednesdayJan 04, 2023 11:09 am

Data Shows EU Greenhouse Emissions Are Dropping Despite Increased Use of Coal

New data shows that reverting back to the use of coal to generate power in some regions in Europe has not led to an increase in greenhouse emissions. Some European Union member states, including Poland and Germany, have returned to using coal to generate power in the short-term, in the face of supply constraints and exorbitant gas prices that have followed Ukraine’s invasion by Russia earlier last year. The data, released by the Center for Research on Energy and Clean Air, shows that greenhouse gas emissions in the EU were at their lowest in at least three decades last month.…

TuesdayJan 03, 2023 3:37 pm

Analysts Discuss Gold 2023 Outlook

Juerg Kiener, Swiss Asia Capital’s managing director, expects that the price of gold may surge to $4,000 an ounce next year as fears of recession and hikes in interest rates fuel market volatility. In a recent interview with CNBC, the chief investment officer stated that the precious metal’s price could range between $2,500-$4,000 in 2023. Kiener explained that in the first quarter of next year, many economies could experience a recession, which may prompt central banks to slow their rate hike pace and, in turn, make gold even more attractive. Kiener then noted that gold was owned by every central…

TuesdayJan 03, 2023 10:30 am

Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) Taps into Arizona’s Rich Mining History

Mineral-rich Arizona has been attracting settlement and economic expansion since its inauguration in 1912 Arizona hosts 992 valid mineral species, more future discoveries expected Arizona Metals Corp. fully owns two mining projects in Arizona, including The Kay Mine copper-gold Project located in Yavapai County and the Sugarloaf Peak gold project in La Paz County For more than 200 years, mineral-rich Arizona has been a driving force for settlement and economic expansion. Hard-rock mining first began in the region during the mid-1850s and continues today with roughly 433 mines, according to a 2021 report by The Arizona Geological Survey (https://ibn.fm/ZV3wk). Arizona…

ThursdayDec 29, 2022 12:34 pm

Three US Firms Win Contracts to Supply Uranium Strategic Reserve

The U.S. Department of Energy’s National Nuclear Security Administration (NNSA) has awarded a trio of companies with contracts to supply the country with domestically produced uranium oxide. The aim is to boost local uranium production to such a degree that the United States is not reliant on overseas suppliers for critical imports such as uranium. Even though the Russia-Ukraine conflict may end in the next couple of months, the effects of this war will reverberate across the globe for quite a while. By the time the Kremlin invaded Ukraine, Russia had embedded itself in crucial industries such as natural gas,…

WednesdayDec 28, 2022 11:41 am

EU Eases Restrictions on Fertilizer Exports Imposed on Russia

The European Union recently announced that it was easing the sanctions levied on Russian fertilizer exports. While the move would undoubtedly ease the pressure on fertilizer prices and reduce farming costs from producers around the world, it has been met with rebuke from Ukraine. The decision was preceded by a fight between Western European nations that were looking to reduce the restrictions placed on Russian fertilizer exports and Eastern European nations that wanted to maintain the sanctions. The six Western European nations argued that the intermediaries tasked with handling shipments of Russian fertilizer stuck in ports could be held liable…

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