NewsRoom Articles - Page 86 of 181

TuesdayJun 20, 2023 12:14 pm

Heat Wave in East Asia Triggers Spike in Coal Use

East Asian nations have cranked up their use of coal in energy generation amid an unexpected heat wave that forced them to increase their energy production. South Korea, Japan, China and Taiwan are expected to increase coal use in their electricity generation as soaring temperatures increase power use by both households and businesses. Asia has experienced record-breaking levels of heat for the past several months, with monitoring stations in Myanmar, Thailand, China, Laos and South Asia reporting record heat levels in April. The region has seen such high temperatures that schools were forced to close and authorities in some regions…

FridayJun 16, 2023 12:47 pm

Data Shows China Continuing Gold Buying Trend

After a year or so of relatively lackluster performance, the gold market surged in 2022 as several countries significantly increased their gold purchases as part of efforts to build up their reserves. By the time 2022 drew to a close, central banks around the world had purchased a whopping 1,136 tons of gold, pumping around $70 billion into the market. China’s central bank was among the largest buyers of gold through 2022 and into 2023, buying nearly one-half of the global gold purchases in 2022 (522 tons) and 244 tons in January and February. Beijing has increased its gold purchases…

FridayJun 16, 2023 9:45 am

Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) Set to Capitalize on the Concentrated Natural Graphite Supply Chain

The graphite supply chain is geographically concentrated with nearly 65% of output currently produced in China The U.S. pursued to promote further investment and geographical diversification within the sector, with credits granted to electric vehicles produced with critical minerals that are not supplied by ‘foreign entities of concern’ Reflex Advanced Materials are working towards demonstrating the positive economics of the past producing, Ruby Graphite mine in Montana, USA The company recently revealed that they are in talks with prospective North American customers and are beginning the material qualification programs for end use potential offtake clients down the line A battery’s…

ThursdayJun 15, 2023 12:58 pm

ESG Principles Are Changing the Mining Landscape

The adoption of Environmental, Social and Governance (ESG) principles has increased greatly in the recent years, with more organizations being called to strengthen their commitment to sustainability. Last month, Dean Slocum, founder of Acorn International LLC, and Chris Anderson, a strategic partner at the firm, provided ESG risk management advice for industrial and extractive sectors globally. Acorn International LLC is mainly focused on capacity building, due diligence, environmental and social studies, and stakeholder engagement. Slocum gave the example of the Grasberg operation, explaining that while the mine was operationally successful, societal risks were harder to handle. Grasberg, which has been…

WednesdayJun 14, 2023 12:44 pm

Dropping Prices of Natural Gas Cause European Countries to Switch Energy Sources

More than a year after Russia cut natural gas supplies to the rest of Europe and significantly exacerbated an ongoing energy crisis, it seems the region is seeing a drop in natural gas prices. A recent analysis by S&P Global Commodity Insights reveals that a drop in natural gas prices has contributed to fuel switching among major European economies. The analysis also stated there was little likelihood of coal-fired energy generation declining even further. Natural gas prices have performed poorly in recent weeks, and this seems to have changed the dynamic of the market, specifically by pushing more energy producers…

TuesdayJun 13, 2023 10:44 am

Nearly One in Four Central Banks Worldwide Intend to Bolster Gold Holdings

Central banks around the world have significantly increased their gold purchases in recent months. The World Gold Council reported that central banks had built up their gold reserves at a record pace in the first two months of the year, collectively purchasing 125 tons of gold. Singapore, Turkey, China, Russia and India made the largest gold purchases in January and February, with Russia providing a gold reserve update for the first time in close to a year. A recent poll by the World Gold Council has revealed that plenty of central banks won’t be stepping back from gold any time…

TuesdayJun 13, 2023 9:00 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Finalizes Department of Defense $4 Million Agreement for Demonstrating Critical REE Solution

Canada-based Ucore Rare Metals Inc. is devoted to establishing a North American-based supply chain for rare earth elements to reduce the Western hemisphere’s dependence on China’s market-dominant industries for modern technologies The company has developed a trademarked process for separating rare earths from their surrounding ores Ucore is preparing to begin construction of a commercially scalable facility in Louisiana for using its solution The U.S. Department of Defense awarded the company $4 million in an agreement this month that calls on Ucore to demonstrate the capabilities of its technology and the company’s ability to use it for sustaining North American…

MondayJun 12, 2023 9:35 am

Current Short-Term Challenges Present Investors with Massive Copper Investment Opportunities

For the past few months, mining experts have warned that there isn’t enough copper to sustain global industrial needs. Higher demand coupled with constrained supply from South America has exacerbated an ongoing copper shortage that experts predict could last for the rest of the decade. Slower projections of growth in China, which is the global leading importer of copper ore, coupled with higher interest rates, and a banking crisis in the United States have also dampened copper’s outlook for the year. Since copper plays a critical role in industrial machinery and electrical equipment, products largely responsible for keeping our economies…

FridayJun 09, 2023 1:39 pm

Mining Executive Says Addressing Cognitive Biases Could Boost Gold Mining Investment

A surge in gold prices is pulling investors back into the gold market after months of relatively lackluster prices. The precious metal has been on a roll in recent months, increasing by close to 20% over several months to trade at more than $2,000 an ounce. As the U.S. Federal Reserve consistently raised benchmark interest rates to help abate inflation, more investors ditched their gold for assets that would allow them to take advantage of increasing interest rates. Gold prices were also impacted by an increasingly valuable greenback and reduced demand in China, which has ramped up gold purchases in…

ThursdayJun 08, 2023 3:03 pm

Solar Surpasses Coal Energy in Europe

Europe has achieved a major milestone in the global transition from fossil fuels to clean energy: solar energy use has finally surpassed coal in the region. Energy generation by solar panels in the European Union exceeded generation from all the coal plants in the regional bloc in May. Like the United States, the European Union has pledged to phase out dirty fossil fuels such as coal and oil in favor of cleaner alternatives, including solar and wind power. Major European economies such as France, Germany and the United Kingdom as well as several other countries in the region are looking…

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