NewsRoom Articles - Page 86 of 200

MondayNov 20, 2023 3:58 pm

Western Producers of Rare Earths Seek Premium Prices to Counter China’s Dominance

A handful of Western critical-mineral explorers are looking to command premium prices for metals that will be key to the green-energy transition in exchange for ridding western countries of their reliance on China in the rare-earth metal segment. China is a key player in this sector and controls roughly 95% of the supply and production of all rare-earth metals, granting it a monopoly in an industry with significant strategic value. With tensions between China and western countries rising, and China using its monopoly to dictate prices as well as control export to stir conflict among end users, these countries are…

FridayNov 17, 2023 11:47 am

Chinese Companies Heavily Invest in Indonesia’s Nickel Sector, Complaints about Working Conditions Abound

Chinese companies have invested more than $14 billion into Indonesia’s nickel sector over the past decade building smelters, refineries, a nickel museum and a new metallurgy school. Nickel’s primary applications are in stainless steel production, but the metal is also key to the fledgling electric vehicle industry because of its use in EV batteries. With most nations pledging to switch to battery electric cars over the next few decades, nickel is poised to see explosive demand. These Chinese companies have secured the metal’s supply for at least a decade. However, while producing green-transition metals such as nickel and creating job…

ThursdayNov 16, 2023 2:22 pm

Canadian Firm Launches Satellite to Monitor C02 Emissions from Coal Plants

Last week, an emissions monitoring company in Canada launched a satellite from the Vandenberg Space Force Base in the United States. The company, GHGSat, launched the Vanguard satellite to detect CO2 emissions from facilities such as steel mills and coal plants from space. GHGSat focuses on key markets such as oil and gas, waste management, power generation, coal mining, agriculture and financial services. In a statement, the company explained that satellites currently in the atmosphere that monitor carbon dioxide did not focus on emissions at the facility level. The company’s move to launch another satellite to monitor facility emissions comes…

WednesdayNov 15, 2023 1:57 pm

October Data Shows Fertilizer Prices Remain High

DTN’s price tracker for the retail price of fertilizer in the United States shows that the price has continued to increase, as seen in the last week of last month. DTN collects price bids of fertilizer from agriculture retailers weekly to compile its fertilizer index. Figures show that in comparison to September, the prices of six of the eight major fertilizers were higher. This includes UAN32, which hit $415 per ton and UAN28, which reached $358 per ton. MAP also saw its price reach $801 per ton, DAP averaged at $713/ton and 10-34-0 got to $611/ton. Of all the increases,…

WednesdayNov 15, 2023 9:45 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) To Quantify Previous Attributes of its RapidSX(TM) Technology Platform Following Technical Update on Louisiana Demo Plant

Ucore, a company engaged in the exploration for plus separation and scalable production of REEs, just announced a technical update on its RapidSX(TM) Demonstration Plant in Kingston, Ontario Mike Schrider, the company’s VP and COO, lauded this milestone, noting how it ultimately led to optimizing the chemistry delivery and feedback systems to and from the RapidSX(TM) platform within the plant These steps will lead the way to demo plant commercialization, scale-up, and technology transfer, for its developing 7,500 tonnes per annum (ex-cerium and ex-yttrium) REE separation plant - the Louisiana Strategic Metals Complex ("LA-SMC") in Alexandria, Louisiana Ucore Rare Metals…

TuesdayNov 14, 2023 3:33 pm

Report Shows Governments Plan on Boosting Fossil Fuel Production Beyond Acceptable Limits

A report published earlier this month has revealed that governments across the world plan to boost their fossil fuel production capacity over environmentally acceptable limits. Despite global efforts to scale back fossil fuel use in a bid to combat climate change, the report found that governments are set to produce 110% more fossil fuels in 2030 than would be in line with curbing global warming to 1.5°C. Government plans for coal production by the end of the decade are also 69% more than would be consistent with an average warming of 2°C, the report noted. This is despite the fact…

MondayNov 13, 2023 2:25 pm

Despite Green Energy Transition, Most Exploration Resources Still Go to Gold

A new S&P Global Market Intelligence study has revealed that mining companies are allocating billions of dollars to gold exploration despite a global push for green-energy adoption. Although 2023 registered a $1.1 billion drop in funding for gold exploration, the precious metal still makes up 46% of global mining exploration budgets. Gold budgets fell by 16% ($1.1 billion year-on-year loss) to a little under $6 billion, but gold still attracted the majority of mining exploration investment in 2023. This was despite a sharp increase in investment in electric vehicle battery metals such as lithium and nickel as well as uranium,…

MondayNov 13, 2023 10:30 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) on Mission to Bring Rare Earth Separation Facilities to North America

The rare earth metals market was valued at $5.3 billion in 2021 and is projected to grow at a CAGR of 12.3%, resulting in a value of $9.6 billion by 2026 The growing tensions between China and the United States make it more important than ever for sustainable REE (Rare Earth Element) separation operations that do not depend on China, and Ucore’s RapidSX(TM) technology is key to the answer Ucore plans is developing its first Strategic Metals Complex for REE separation in Louisiana The demand for rare earth elements (“REE”) is expected to surge as the electric vehicle and renewable…

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…

MiningNewsWire provides insights and opportunities in the mineral and mining sectors.

Contact us: (512) 354-7000