NewsRoom Articles - Page 74 of 187

FridayNov 10, 2023 3:18 pm

Gold Records Biggest October Rally in Nearly 50 Years

Gold prices defied significant resistance from a strong dollar and surging Treasury yields to reach the highest levels in nearly half a century in October. The precious metal saw its prices rise by 7.3% in October and closed the month at $1,983 an ounce, achieving the highest rally since 1978 when gold prices increased by a whopping 11.7%. Since gold doesn’t earn any interest, its prices have traditionally faltered when bond yields went up, with higher bond yields causing gold prices to drop. With inflationary pressures forcing the U.S. Federal Reserve and other central banks to increase interest rates, gold…

ThursdayNov 09, 2023 12:14 pm

Researchers Find Evidence of Tellurium Production When Neutron Stars Merge

Tellurium is a rare and mildly toxic element that has applications in solar cells, tinting glass, vulcanizing rubber, semiconductor applications and rewritable CDs, among others. Battery manufacturers are also developing new lithium-tellurium battery designs that replace the liquid electrolytes in EV batteries with solid electrolytes to reduce fire risks. With the metal’s market predicted to grow over the next decade amid a global transition to electric cars and renewable energy, researchers are becoming increasingly interested in the silvery-white metalloid. According to research from Lithuanian and Japanese scientists, tellurium may be one of the heavy elements that form when neutron stars…

WednesdayNov 08, 2023 11:50 am

Annual Metal Industry Conference Predicts Zinc Supply Squeeze in 2024

Top players in the global metals industry have predicted that zinc supplies will struggle to fulfill demand next year. During the recent SMM Metal Industry Annual Conference, analysts predicted that zinc supply may see increased pressure in 2024 despite an unexpected increase in zinc production in 2023. The 2023 SMM Metal Industry Annual Conference was sponsored by the Shanghai Stock Exchange and Chongqing Jiangjin District People's Government. SMM senior zinc analyst Han Zhen noted that this year’s unexpected rise in refined zinc production may rise even further in 2024 amid high zinc imports. Zinc has applications in everything from medicines…

TuesdayNov 07, 2023 3:47 pm

Chinese Firm Launches Gold Stock Indices

With global demand for gold surging amid market volatility and a real estate slump in China, the nation’s largest index provider has launched two gold-linked stock indices to cash in on soaring gold prices. The China Securities Index Co.’s new gold indices will include shares from international gold mining companies such as Barrick Gold and Newmont Corporation. According to a statement from the Chinese government-backed index firm, the two new gold indexes will provide the market with a novel method that’s “beyond traditional strategies.” The indexes will offer more tools to invest in the precious metal, especially now that economic…

MondayNov 06, 2023 2:27 pm

US Federal Government to Fund Revitalization of Coal Community in Colorado

U.S. Secretary of the Interior Deb Halaand has announced that the Biden administration will invest nearly $10 million per year into a coal revitalization fund for coal communities in Colorado. The Biden administration’s Investing in America agenda will provide the funding as part of efforts to revitalize abandoned coal lands and create new job opportunities for former Colorado coal communities. A statement from Halaand noted that “far too many” neighborhoods and waterways in rural America continue to suffer the effects of legacy pollution. As with many other American states, Colorado owes a great deal of its growth to its history…

MondayNov 06, 2023 10:30 am

Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) Publishes NI 43-101 Technical Report; Elaborates on Iska Iska Project’s Economic Potential

Eloro Resources has recently filed its NI43-101 technical report, designed to complement the release of its initial mining resource estimate (“MRE”) published in August 2023 Designed to calculate the project’s net smelter value and the respective economic costs of production, an NI 43-101 technical report is a key resource when calculating the economic viability of developing a mining site Iska Iska was recently referred to as a ‘giant’ mining system by famed Bolivian geologist, Dr. Osvaldo Arce given the site’s substantial inferred resource deposits Relatively high NSR values – and moderate operational costs – have boosted optimism around the deposit’s…

MondayNov 06, 2023 9:45 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Solution for REE Extraction Could Disrupt Market

Canada-based strategic metals innovator Ucore Rare Metals Inc. is preparing to make the leap from proving its rare earth element (“REE”) separation technology to utilizing it in a commercial-scale facility, which the company is set to begin building this year in the United States REEs are metals critical to magnets used in modern technologies ranging from smartphones to electric vehicles and U.S. fighter jets Industry professionals and government officials have been troubled by the REE industry’s dependence on China for processing the difficult-to-extract metals from mined product, but Ucore’s platform aims to provide a more efficient and cost-effective solution Ucore…

FridayNov 03, 2023 1:27 pm

Gold Price Crosses $2,000 Mark as Israel-Hamas Conflict Rages

Gold prices have soared to more than $2,000 an ounce for the first time in nearly six months as the ongoing Israel-Hamas conflict has raised the precious metal’s safe-haven appeal. With experts cautioning that the Israel-Hamas conflict could trigger a larger conflict in the Middle East region and impact the global economy, investors are increasingly turning their attention to gold as a hedge against potentially volatile times. Soon after the Israeli military said it would “expand ground activity” in Gaza, spot gold prices surged by up to 1.2%, putting gold on track to record its most significant monthly gain since…

ThursdayNov 02, 2023 2:10 pm

India’s Demand for Copper See Double-Digit Growth in 2023

This year, the demand for copper in India has risen to 1522 KT, according to a study by the International Copper Association India. This represents a more than a 200 KT increase from the figures recorded in 2022. The report noted that for the past two years, the red metal’s demand has seen double-digit growth. This comes after a drop was recorded in 2021 as a result of the coronavirus pandemic. The increase in demand is linked to increased consumer spending in a range of sectors, including renewable energy, building construction, electric-mobility, power transmission and distribution, industrial applications, white goods,…

WednesdayNov 01, 2023 11:08 am

Gold ETFs Bask in Gold’s Recent Rally

After experiencing a continuous decline in prices for nearly six months, gold prices have started to swing in the other direction. Kitco reported that the precious metal was trading at more than $1,970 per ounce earlier this week before closing at $1,922 an ounce, a notable feat after months of decline. With gold prices rallying in recent weeks, gold-backed exchange-traded funds (ETF) have seen increasingly high returns in the past week as well. The Sprott Gold Miners ETF had the highest return at 2.81% followed by the Sprott Junior Gold Miners ETF, which posted a 2.07% return. Data from LOGICLY…

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