NewsRoom Articles - Page 65 of 189

WednesdayApr 10, 2024 10:00 am

Texas’ Monthly Solar Generation Trounces Coal Despite Massive Support for Fossil Fuels

Despite moves from public officials to protect fossil-fuel interests in Texas, interest in renewable energy continues to grow. The state recently established itself as a possible market for new solar power technology, a surprise since the oil and gas industry has a firm grip on the state’s economy. In a 2023 recap, Glenn Hegar, Texas’ state comptroller, revealed that the state ranked second in lignite coal production in the United States as of 2022, with North Dakota being the first. Data from the U.S. Energy Information Agency also shows that Texas is the largest consumer of coal in the country,…

MondayApr 08, 2024 10:00 am

Underperforming Copper, Precious Metals Stocks to Recover Soon

Precious metals stocks such as gold and silver as well as copper are poised to recover after a notable period of poor performance; the recovery will be based on a confluence of positive factors. Spot gold prices went up by 13% through the year 2023 and have already gone up by 6% so far in 2024, putting the precious metal prices on a positive note. The precious metal has exhibited especially strong performance over the last few weeks and closed Thursday, March 28, 2024, at $2,233 per ounce, despite facing significant headwinds. This includes positive real yields, a strengthening U.S.…

MondayApr 08, 2024 9:00 am

Torr Metals Inc. (TSX.V: TMET) Is ‘One to Watch’

Torr in March 2024 announced soil sample assay results from its maiden field program at the Kolos Project, showing five kilometer-scale mineralized zones each boasting soil sample copper concentrations surpassing 200 ppm up to 1175 ppm, including up to 725 ppb gold; a property-wide ZTEM geophysical survey, utilized by industry for porphyry exploration, and 47 rock grab sample assays remain pending In January 2024, the company announced multiple new gold anomalies with assays yielding up to 1.32 grams per ton located in areas of the Filion Gold Project that have never been drill tested In November 2023, Torr completed the…

FridayApr 05, 2024 10:00 am

US Data Boosts Optimism of Fed Cuts, Buoys Gold Price to New Record

At the start of last week, the price of gold extended its rally, boosted by its appeal as a safe haven asset and expectations of an interest rate cut. U.S. gold futures increased by more than 1% to reach $2,266.39 an ounce while spot gold hit $2,245.79 an ounce, representing a 0.6% increase. In an interview, the head of commodities research at Citi’s North America desk, Aakash Doshi, suggested that the price of gold could hit $2,300 an ounce by the second half of this year, particularly against the expectations that the Fed could reduce interest rates during the same…

WednesdayApr 03, 2024 10:00 am

The Need for Critical Metals Draws US, Australia Closer

The demand for critical minerals is growing globally as the adoption of renewable energy continues and technologies continue to advance. This need has drawn Australia and the United States closer, while widening the gap between other countries and China. The mining sector has even major miners come together as the hunt for these minerals grows. For instance, Pilbara Minerals recently expressed interest in strengthening its relationship with the United States and making use of the incentives being offered by the federal government. Pilbara, a major lithium miner based in Australia, hopes to utilize America’s Inflation Reduction Act to its advantage.…

MondayApr 01, 2024 10:00 am

Goldman Sachs Predicts Surge in Commodity Prices as Central Banks Slash Rates

Goldman Sachs Group is predicting a surge in commodity prices in 2024 as central banks across the United States and Europe work to reduce interest rates in their respective countries that would likely support both consumer and industrial demand. According to a March 24, 2024, note, raw materials could see a return of up to 15% through the year as the cost of debt reduces, the manufacturing sector starts to recover and global geopolitical risks with the potential to affect commodity prices persist. Several Goldman analysts, including Daan Struyven and Samantha Dart, believe that oil, gold, aluminum and copper products…

WednesdayMar 27, 2024 10:00 am

Why the Time to Invest in Silver Coins, Bars Is Now

With inflation continuing to increase and interest rates also growing, investors are looking for means of diversifying their portfolios in a bid to shield their investments. A good way to do this is investing in safe-haven vehicles such as gold and silver to offset losses made by other investments. For centuries now, gold has been used to hedge against economic turmoil, but did you know that silver also offers a great value proposition? Below, we look at compelling reasons for adding silver to one’s portfolio. Growing industrial demand Silver has numerous applications in a range of industries, including automotive and…

MondayMar 25, 2024 10:00 am

Rights Groups Claim ‘Dirty’ Gold Can Still Find Way into London Market

Human rights groups are urging the London Bullion Market Association (LBMA) to ramp up efforts to exclude “dirty gold” from the exchange’s supply chain. The LBMA oversees the worldwide over-the-counter (OTC) bullion market and has a global membership of nearly 150 refiners, traders, producers, fabricators and miners. Referring to itself as the global precious metals authority, the London Bullion Market Association sets global standards for how companies in the mining space mine, refine and trade precious metals, including gold and silver. While the association has certainly taken steps to prevent gold associated with criminality or human rights abuses from entering…

FridayMar 22, 2024 10:00 am

New US Envoy on Climate Urges China to Expedite Transition from Coal

John Podesta, the new U.S. envoy on climate change, is calling on China to speed up its green-energy transition and take its responsibility toward mitigating climate change more seriously. Even though China is still the largest greenhouse-gas emitter on the globe after overtaking the United States in 2006, Podesta believes the economic giant still has more online coal than it needs and that is healthy for the world. China emitted 27% of the world’s entire greenhouse-gas emissions in 2020, according to the World Resources Institute’s CAIT database. The country also produces 12.7 billion metric tons of greenhouse gas emissions per…

ThursdayMar 21, 2024 11:15 am

Advanced Gold Exploration Inc. (CSE: AUEX) (OTC: AUHIF) (FSE: 4TG) Is ‘One to Watch’

Advanced Gold Exploration in January 2024 closed the first tranche of a non-brokered private placement for aggregate gross proceeds of $62,500 A continuing private placement is in progress and will be closed soon In December 2023, the company exercised its option to acquire a 75% interest in certain mineral claims located in Melba Township in the Kirkland Lake Area of Ontario In October 2023, Advanced Gold Exploration acquired an option on the Landrum gold property in South Carolina from Carolina Gold Resources The company announced in September 2023 it would change its corporate name to Advanced Gold Exploration Inc. Advanced…

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