NewsRoom Articles - Page 59 of 210

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…

ThursdayJan 30, 2025 10:00 am

Thieves Steal Gold Masterpieces from Museum in the Netherlands

In a daring heist, thieves used explosives to break into the Drents Museum in Assen, Netherlands, making off with four priceless gold artifacts in the early hours of Saturday morning. The stolen treasures, which include three Dacian spiral bracelets and the Helmet of Cotofenesti, are considered invaluable pieces of Romania’s cultural heritage. Authorities reported that the burglars used explosives to blast their way into the museum, which was hosting an exhibition of ancient Romanian jewelry. The robbery occurred at around 03:45 local time (04:45 GMT), setting off alarms and alerting the police. Upon arrival, officers found the museum had been…

TuesdayJan 28, 2025 10:00 am

GM Inks Deal to Source Synthetic Graphite from Norway’s Vianode

General Motors (GM) has significantly strengthened its electric vehicle (EV) production by partnering with Norway’s Vianode. This multi-billion-dollar agreement will see Vianode supply GM with synthetic graphite, a critical material for lithium-ion batteries. It also aligns with GM’s goals of creating a more sustainable and resilient EV supply chain. Graphite is an essential component in EV batteries, specifically for the anode, or the negative terminal. It is also one of the heaviest components of the battery, accounting for approximately 40% of the total carbon emissions during battery production. Currently, China dominates the global supply of battery-grade graphite, raising concerns about…

MondayJan 27, 2025 12:00 pm

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) at Forefront of Copper’s Growing Importance in Supporting a Sustainable World

Copper’s unique properties make it indispensable in modern technology. Aston Bay, a publicly traded mineral exploration company, is dedicated to discovering high-grade copper and gold deposits in North America. Aston Bay’s exploration and development efforts are crucial to meeting the escalating demand driven by the global shift towards sustainable energy and technology. As the global community intensifies its commitment to sustainability, the demand for essential resources such as copper has surged. This versatile metal is integral to numerous technologies that underpin a sustainable future, from renewable energy systems to electric vehicles. Ensuring a consistent and ecologically responsible supply of copper…

MondayJan 27, 2025 11:15 am

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Rising to Supply the Demand for PGMs

The rise of hybrid electric vehicles and advancements in hydrogen technologies are creating opportunities for platinum and palladium. Platinum Group Metals Ltd. is uniquely positioned to benefit from favorable market trends. The company is focused on advancing its Waterberg Project, which is expected to be a key supplier of platinum and palladium. The platinum group metals (“PGMs”), including platinum, palladium and rhodium are poised for growth in 2025, driven by demand in the automotive, hydrogen-energy and industrial sectors. These positive projections bode well for companies operating in the space, including Platinum Group Metals (NYSE American: PLG) (TSX: PTM), majority owner…

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