NewsRoom Articles - Page 67 of 126

WednesdayApr 20, 2022 1:03 pm

American, UK Companies Collaborate to Develop Massive Uranium Deposits in Argentina

In a move that could deal a blow to America’s dependency on foreign nations for heavy rare earth minerals, mining and refining, specialty chemicals company Evolution Metals has announced the acquisition of massive Argentinian uranium deposits. Evolution Metals announced recently that it had acquired a major position in UrAmerica, a UK-based private critical metals exploration company that currently owns Argentina’s largest prospective uranium deposit. Critical metals refers to minerals that are crucial to a country’s national and economic security. Argentina is one of the most mineral-rich countries in the world. It has extensive mineral deposits of uranium, zinc, iron ore,…

TuesdayApr 19, 2022 3:21 pm

Four Triggers That Could Influence the Price of Gold in the Short Term

The past two weeks have seen a sharp rise in the price of gold, and many watchers of the market may be wondering what lies in store for the yellow metal over the coming weeks and months. Let’s discuss factors that could have an impact on the price of gold in the near term. The price of crude oil Currently, inflation in the United States is at levels last seen 40 years ago, and if the price of crude oil rises any further, we could see inflation surging forward. As inflation rises, so will the demand for bullion because its…

MondayApr 18, 2022 12:19 pm

JPMorgan Foresees 40% Price Hike for Commodities

Strategists at JPMorgan Chase predict that commodities are likely to witness a price surge of up to 40% this year if investors elect to pour more money into natural resources in a timeframe characterized by increasing inflationary pressures. If such a price hike occurs, commodities will enter record-breaking price levels. The JPMorgan strategists say that at the moment, investor allocations in the raw materials segment exceed the average allocations on record historically. However, the situation at the moment cannot be described as “overweight.” Consequently, there is still room for massive funding to flow into raw materials and trigger the surge…

ThursdayApr 14, 2022 3:56 pm

Gold Holds Firm as Ukraine Concerns, Inflation Counter Interest Rate Hike

Last week, the Federal Reserve released the minutes of its meeting held in March. The minutes revealed that the U.S. Central Bank would be increasing interest rates by 25 basis points. The breaking of this news didn’t cause ripples in the gold markets for a number of reasons. First, markets had been expecting the interest rate to be increased by 50 basis points, and the actual increase fell short of that anticipation. This explains why the price of gold hardly lost any ground in the wake of the rate hike announcement. Under normal circumstances, an increase in interest rates reduces…

ThursdayApr 14, 2022 9:00 am

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Establishing Foothold in Growing REE Market

Recent report forecasts REE space to see 4% CAGR through 2027 Demand for magnets projected to increase demand for rare earth elements Energy Fuels is the only U.S. company producing an REE product this far down the REE supply chain A recent Mordor Intelligence article is reporting that the global rare earth elements (“REE”) market has reached an estimated 161,354.65 tons this year, with an expected compound annual growth rate (“CAGR”) of more than 4% between now and 2027 (https://ibn.fm/6UppN). That growth could prove beneficial to Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), a leading U.S.-based uranium mining company…

WednesdayApr 13, 2022 2:51 pm

Goldman Predicts Record-High Copper Prices by Mid-2022

Goldman Sachs, a leading investment bank, warned in a recently released report that copper was slowly headed in the direction of a stockout. Barely a month ago, the metal breached the $5 mark for each pound ($11,000 for a ton). However, the price rally has since toned down, and copper futures are trading at approximately $4.7 per pound in New York. In February this year, Goldman sounded the alarm and warned that a major supply shortage is likely to hit the copper market before the year ends. At that time, existing stocks amounted to approximately 200,000 tons, which could hardly…

TuesdayApr 12, 2022 2:10 pm

First HALEU Production Facility in the US to Be Built in Tennessee

X-energy is a nuclear reactor and fuel design engineering company that develops nuclear reactor designs. TRISO-X LLC, an X-energy subsidiary, recently chose Oak Ridge’s Horizon Center Industrial Park in Tennessee as its construction site for a nuclear reactor fuel facility. The Department of Energy chose X-energy as a recipient for funding through the Advanced Reactor Demonstration Program in October 2020. The funding was granted for use in the construction of a demonstration plant, which can be operational in seven years. In April 2021, X-energy, Grant Country Public Utility District and Energy Northwest established the Tri-Energy Partnership to build an Xe-100-based…

TuesdayApr 12, 2022 9:00 am

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Watching Nuclear-Energy Action on Capitol Hill

NEI reports strong bipartisan support for nuclear energy throughout the 117th Congress Hallmark pieces of legislation have demonstrated that carbon-free, always-on nuclear power is an indispensable driver of our clean energy future Institute notes that more can be done “to ensure gigawatts of electricity remain on the grid and new reactors are deployed” Clean energy has become a top priority worldwide, and the U.S. is no exception. House representatives and senators in the nation’s capital have spent plenty of time talking about and voting on energy, including nuclear energy, and many companies, including Energy Fuels Inc. (NYSE American: UUUU) (TSX:…

MondayApr 11, 2022 2:36 pm

$100 Billion Investment Needed to Address Copper Supply Deficit

During this year’s CRU World Copper Conference, Erik Heimlich stated that the international copper industry would need to invest more than $100 billion into mine construction in order to close a yearly supply deficit of 4.7 million tons by 2030. CRU Group is an intelligence company that provides management consultancy and market analysis services for the metals and mining industries. Heimlich, who is the head of base metals supply at CRU, stated that the supply gap for the next few years was estimated at 6 million tons annually as the electric-vehicle and clean-energy sectors increased production. Heimlich, who is also…

FridayApr 08, 2022 3:20 pm

Russia Seeks New Markets for Its Gold as Sanctions Bite

The gold industry in Russia is looking for new ways to sell this metal, including by exporting more of the precious metal to the Middle East and China.This comes as sanctions restrict its traditional sales routes after the Eastern European country invaded Ukraine in February. Russia, which is the second-largest gold miner in the world, is finding it hard to sell gold in the United States and European markets, which were closed after a ban on newly produced gold from Russia was imposed. Miners in the country usually sell gold to a number of state-run local banks, including Bank Otkritie…

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