NewsRoom Articles - Page 73 of 174

ThursdayAug 03, 2023 2:16 pm

IEA Update Shows Global Coal Use to Remain Elevated

A recent International Energy Agency (IEA) market update has revealed that the agency expects global demand for coal to remain high for the rest of the year. Although Europe and the United States have taken steps to cut down coal use, increased use in Asia offset the decline in coal use in the West, indicating the need for more robust policies and investments in clean energy. Coal demand in the U.S. and the European Union fell by 24% and 16% respectively over the first six months of the year while demand in China and India, the largest coal consumers in…

WednesdayAug 02, 2023 2:18 pm

Codelco Slashes 2023 Copper Output Predictions

Chile’s state copper miner Codelco has slashed its copper output predictions for the year amid expectations of more disruptions in production. The new forecast puts the miner’s annual production at 1.31 million to 1.35 million metric tons of copper from the previous forecast of 1.35 million to 1.45 million metric tons. This announcement comes after months of declines and just as Codelco reported an 86% drop in pretax profit in the first half of 2023. Codeldo recently suffered a large rock explosion accident at El Teniente its largest mine, which has impacted productivity on the north side of the mine…

TuesdayAug 01, 2023 10:28 am

Novel Recycling Process Could Redeem 99% Silver from Scrapped Solar Panels

University of New South Wales (UNSW) engineers have developed a more efficient recycling technique that allows them to redeem up to 99% of the silver in scrapped solar panels. This new method could potentially alleviate an issue that is sure to become more significant over the years: we still cannot reliably recycle old solar panels. As the world transitions from dirty fuels such as coal and oil to renewable energy, we will have to build up our solar-recycling capacity to deal with the impending influx of scrapped solar panels. UNSW researchers specifically developed this new recycling process to optimize the…

TuesdayAug 01, 2023 9:00 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Advances DOD Project to Demonstrate Virtues of Novel Tech in Sustaining North American REE Production

Canada-based Ucore Rare Metals Inc. has developed a novel RapidSX(TM) technology for processing rare earth elements (“REEs”) considered critical to modern computer technologies and is preparing to scale up toaaa commercial operation Because REEs not only have significant importance to the retail sector, but also to the function of many technologies that further government policies and military capabilities, the U.S. Department of Defense has taken an interest in supporting domestic REE development Ucore recently received a $4 million award from the DOD to help demonstrate RapidSX(TM) capabilities under the REE supply chain development program The company held its initial meeting…

MondayJul 31, 2023 12:01 pm

Faced by Drought, China Looks to Coal to Provide Ample Energy

Unusually dry conditions in China are forcing the country to fire up its coal power plants to supply its energy needs. The world’s largest polluter has been feeling the effects of global warming in recent years amid extreme weather events, including heat waves, forest fires, flooding and record-low rainfall. These events have put massive pressure on China’s energy system, forcing it to produce significantly more energy to supply the increasing energy demands of the country’s households. At the same time, China has also been forced to contend with a global energy crisis that reduced energy supplies while significantly increasing its…

MondayJul 31, 2023 11:15 am

GEMXX Corp. (GEMZ) Is ‘One to Watch’

GEMXX has a qualified Regulation A offering in place to raise up to $6 million at $0.40 per share GEMXX’s net income for the three months ended December 31, 2022, increased to $182,992, as compared to $126,360 in the previous quarter The company’s most recent financial results filing continues to report positive net revenues for the year and no long-term debt In March 2023, GEMXX announced it had signed an Ammolite Master Supply Agreement with Canadian Ammolite Gems by Kenneth Bradley GEMXX (OTC: GEMZ) is a mine-to-market enterprise specializing in gold, gemstone, and jewelry production. With ownership of mining resources,…

MondayJul 31, 2023 10:30 am

Canada Nickel Company Inc. (TSX.V: CNC) (OTCQX: CNIKF) Reports ‘Outstanding’ Results from Midlothian Project Drilling

IEA projects EV sales to grow by 35% this year to reach 14 million Drilling results confirm Midlothian as a “significant discovery,” states CEO Testing was comprised of four drillholes, which were completed during winter 2023 With the electric vehicle (“EV”) market growing — and projected to increase even more in the coming years (https://ibn.fm/gRiIU) — demand for EV components, including nickel, is growing as well. Nickel is an essential material used in many EV batteries, and Canada Nickel Company (TSX.V: CNC) (OTCQX: CNIKF) is committed to increase its production to meet the growing demand. As evidence of that commitment,…

MondayJul 31, 2023 9:45 am

Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) Completes Surveys at Graphite Project as U.S. and Canada Align for Ex-China Supply Chain

North America is actively developing domestic graphite supply as part of the EV revolution to reduce dependence upon China, the world’s top supplier Reflex Advanced Materials is executing on a “mine-to-market” strategy where it will have integrated domestic operations to supply high purity natural graphite for hi-tech applications, including EV batteries Reflex recently completed a TDEM and magnetic helicopter survey on its Ruby Graphite property, which will deliver additional data to map the depth and extent of mineral deposits planned to be drilled this summer As it goes, China is currently the dominant player in the electric vehicle supply chain,…

FridayJul 28, 2023 11:26 am

Uncertainty Persists on Whether Precious Metals’ Rally Can Last

After several months of relatively lackluster performance, the precious metals market has rallied amid increased investor interest in gold and silver. These metals have traditionally attracted plenty of investor interest during times of political and economic turmoil because they do not depreciate and allow investors to preserve their wealth through economic events like inflation and recession. However, even though the global economy has been in turmoil for the past few years and the world is wracked with geopolitical tensions from the ongoing Russia-Ukraine war, precious metal prices have not gone up. This is primarily because consecutive interest rate hikes by…

ThursdayJul 27, 2023 1:34 pm

US Targets Russian Copper Firm to Cripple Kremlin’s War Chest

The U.S. government has levied sanctions on Russian copper company Ural Mining and Metallurgical Company (UMMC) as part of its ongoing efforts to cripple the Kremlin’s war chest. Ever since Russia invaded Ukraine in early 2022, the United States and its Western partners have sanctioned hundreds of Russian individuals and companies to harm the country’s war effort in Ukraine. As of writing, the U.S. had added an additional 120 entities and individuals to its sanction list, with the new additions meant to disrupt Moscow’s access to goods and electronics that are aiding its war with Ukraine. The U.S. State and…

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