NewsRoom Articles - Page 60 of 195

MondayAug 12, 2024 10:00 am

China Controls Graphite Supply Chain, a Concern for Energy Transition

Graphite is a crucial element in li-ion batteries used in electric cars and energy-storage devices, among others. The element is mainly produced by China, which has a monopoly over the battery production, refining and export. Currently, China refines more than 90% of the graphite used in electric-vehicle batteries. Most of the global supply of this element is concentrated in China, Brazil and Turkey. This dominance by the east Asian country is worrying many, particularly those aiming to diversify their supply chains. Last year, Beijing included graphite on its list of items that need an export license. This has been interpreted…

FridayAug 09, 2024 10:00 am

US Coal Stocks Reach Highest Level Since 2020

Latest data released by the Energy Information Administration shows that electric power plants in the United States held 138 million tons of coal by May’s end. According to the agency, this is the highest level since the drop in the demand for coal and power recorded at the beginning of the pandemic in 2020. Overall, the share of coal used to generate power in the country over the last couple of years has greatly decreased. This has, in turn, caused coal stocks at power plants to plunge from record highs. For instance, the power sector in America used 385 million…

WednesdayAug 07, 2024 10:00 am

Studies Explore Changing Wastewater into Fertilizer

New studies are exploring whether using organic waste to make fertilizers could help promote sustainable production and decrease fossil fuel consumption. One of the studies, by the University of Illinois Urbana-Champaign, focused on using a fungal treatment to make fertilizer from leftover wastewater for agricultural crops. The researchers were using a process known as hydrothermal liquefaction (HTL), which makes biocrude oil from biomass via a high-pressure, high-temperature process. Paul Davidson, an associate professor in the university’s agricultural and biological engineering department, stated that the process through which HTL uses wet biomass from organic sources, such as food waste or swine…

MondayAug 05, 2024 10:00 am

IEA Says Worldwide Demand for Coal Could Stay Flat in 2025

A recent coal market trend update from the International Energy Agency (IEA) notes that global demand for coal will most likely remain stable through 2025. Coal use in energy generation has been on the decline over the last decade as dozens of countries worldwide work to eliminate the dirty fossil fuel from their energy mixes. Electrification coupled with a significant surge in renewable energy capacity has helped to reduce coal use and reduce greenhouse-gas emissions as much as possible. The result has been a notable decline in the demand for coal as major markets, including the European Union, China and…

MondayAug 05, 2024 9:00 am

Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Reveals Blue Sky Potential at Gochager Lake Property with Mal Lake Similarities

Fathom Nickel’s sprawling Gochager Lake Project covers 22,000+ hectares in the metal rich Trans-Hudson Corridor in Saskatchewan, Canada Located on the west side of the property about 10 kilometers from the Gochager deposit, the Mal Lake tenure hasn’t been explored since 1967; Fathom just re-evaluated available historic drill core The findings suggest similarities in nickel tenor, nickel-to-copper ratio, and even the source magma type between Mal Lake and Gochager Lake, hinting at a potential magmatic conduit system Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) is pointing towards a bright future for its Gochager Lake property, thanks to recent core reviews…

FridayAug 02, 2024 10:00 am

WGC Chief Says Chinese Gold Market Will Keep Leading Industry Innovation

The 2024 China Gold Congress, cohosted by the World Gold Council and the China Gold Association, was recently held in Shanghai. The event, which ran from July 26–28, 2024, attracted roughly 2,000 participants from abroad as well as home. The event focused on three sectors: gold consumption, gold market and gold mining, with issues such as gold ESG, utilization of resources, safe production, green mine construction and intelligent applications being discussed. Consumption upgrades, new gold product R&D and the dual carbon strategy were also discussed. The event’s objective was to build a healthy and green-development path for the worldwide gold…

WednesdayJul 31, 2024 10:00 am

Four Smart Steps to Take as Gold Price Drops

Investors have been flocking to gold in the past few months, many focused on capitalizing on the metal’s uptick in price. Earlier this year, the metal’s price started going higher before reaching its first record of the year in March. By mid-July, gold had surpassed many highs to reach $2,472 an ounce, its newest record. Since then, the price of the precious metal has dropped to $2,371.45 an ounce, representing a drop of nearly 4%. With the Fed set to make a new announcement and the rate of inflation cooling, the price of gold is expected to go down, at…

TuesdayJul 30, 2024 11:15 am

Canada’s Mining Legacy Continues: Torr Metals Inc. (TSX.V: TMET) and Quesnel Terrane Hold Promise for New Discoveries

In 2022, Canadian mines produced 510,782 tonnes of copper in concentrate, with over half originating from British Columbia The Quesnel Terrane, which is home to Torr Metals’ expansive Kolos Copper-Gold Project, has the potential to be instrumental in Canada’s next great copper discoveries Torr’s recent rock sampling confirmed copper porphyry mineralization in outcrop adjacent to Highway 5 in the heart of the southern Quesnel Terrane, with assays returning economic values as high as 4,240 ppm Cu and 1.07 g/t Au Canada stands as a global mining titan, amidst British Columbia becoming the largest copper producer, commanding 53% of total Canadian production and…

MondayJul 29, 2024 10:00 am

Why the Price of Silver Could Be Subject to Manipulation

First Majestic Silver CEO, Keith Neumeyer, claims that the market is being manipulated because of the metal’s role as an investment commodity and an industrial metal. This alleged manipulation is widespread, driven by traders that ignore this precious metal’s significance and fundamental value. In a recent interview, Neumeyer explained that traders saw silver as just a number on a screen, failing to recognize that the metal needed to be trading at a much higher price. As of mid-July, the metal’s deficit globally is expected to increase by 17% to reach just over 215 million ounces. According to the Silver Institute,…

FridayJul 26, 2024 10:00 am

Demand Concerns Sink Copper Price to Three-Month Lows

Earlier this week, the price of copper fell to its lowest in more than three months. The significant drop in price was driven by demand concerns after China failed to issue fresh stimulus measures despite the struggling economy. Daniel Ghali, a senior commodity strategist at TDS, notes that the continued rise in copper exports from China supports TDS’s view of a weakness in domestic demand. He noted that the decline in demand expectations for the commodity suggest a rise in downside convexity. It is expected that policymakers will announce economic policies to promote domestic demand at the end of the…

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

Contact us: (512) 354-7000