NewsRoom Articles - Page 62 of 185

WednesdayMar 20, 2024 10:30 am

Gold Weakens as US Inflation Data Dampens Hopes of Imminent Rate Cuts

Last week, the price of gold dropped following an unexpected rise of 0.6% in last month’s producer price index as reported by the Bureau of Labor Statistics under the department of labor. The increase in producer price index is higher than its 0.3% forecast. This increase also reduced expectations of an interest rate cut by the Fed and boosted the dollar as well as Treasury yields. Spot gold hit $2,161.39 an ounce, a 0.6% drop. This is quite a decline from its record price of $2,194.99 an ounce, as recorded on March 8, 2024. U.S. gold futures also dropped by…

MondayMar 18, 2024 12:00 pm

Indonesia Underreporting Methane Emissions at Coal Mines

A recently released report has found that coal mines in Indonesia are underreporting their methane emissions. The report was compiled by Ember, an energy think-tank focused on accelerating the transition to clean energy using policy and data. The company’s senior climate and energy analyst in Indonesia, Dody Setiawan, stated that the use of outdated methods was undermining the scale of the country’s methane issue. An analysis of data obtained determined that coal mine methane emissions totaled about 875 kilotons, which is almost seven times higher than the country’s 2019 figure of 128 kilotons. Methane (CH4) is an odorless, colorless gas…

FridayMar 15, 2024 12:00 pm

National Association Says China Is Approaching Peak Consumption of Coal

During the China Coal Import International Summit held in Xiamen, the National Coal Association of China revealed that the country was nearing peak coal consumption. Zhang Hong, the association’s deputy-secretary general, added that concerns on energy security would cause coal use to level for a while after it peaked. He also noted that the growth recorded in the solar and wind industry in 2023 would decrease coal demand in the power sector. This announcement comes after China Petrochemical Corp stated late last year that it expected the country’s consumption of coal to hit almost 4.4 billion metric tons by 2025.…

FridayMar 15, 2024 9:45 am

Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Advances Exploration Program, Closes Private Placement

The Canadian Shield hosts numerous nickel, copper, gold, and platinum group metals Fathom targets high-grade nickel sulfide discoveries for use in EV and green energy markets Fathom operates the Albert Lake Project and the Gochager Lake Project, both located in Saskatchewan's Trans Hudson Corridor Favorable results revealed from recent drilling at the Albert Lake Project Company recently closed the second and final tranche of its non-brokered offering, total gross proceeds totaled $4,571,063 when combined with the first tranche The Canadian Shield’s rich mineral endowment presents abundant mining exploration and drilling opportunities. Covering a significant portion of Canada, this vast geological…

WednesdayMar 13, 2024 12:30 pm

Why Investors Are Flocking to Gold, Pushing Price Higher

Investments in gold have spiked recently, for good reason. Inflation is affecting the value of the dollar while high rates and market volatility are causing economic uncertainty in different parts of the globe. In such times, investors traditionally flock to gold as a safe haven. This isn’t the only thing driving interest in the precious metal either. The recent price of gold has seen steady growth, with spot price reaching $2,160 an ounce. Below are some key reasons why investors are adding gold to their portfolios right now. To hedge against inflation A report issued earlier this year showed inflation…

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…

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