NewsRoom Articles - Page 93 of 210

WednesdayDec 20, 2023 2:50 pm

IEA Says Worldwide Coal Use Reached Record Levels in 2023

The International Energy Agency recently released its latest report, which shows that the use of coal globally will hit new highs this year as demand in developing and emerging economies continues to grow. The report comes just days after the end of the COP28 United Nations Climate Summit, which was held in Dubai. The final agreement at the summit centered on accelerating efforts toward phasing out of coal for power generation. Despite campaigns to adopt cleaner energy sources, however, coal remains the largest source of power generation globally. This fossil fuel is the primary source of power for industries such…

WednesdayDec 20, 2023 9:45 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Gets Tax Exemption for US REE Processing Project, Subcontractors Also Selected

Canadian metals supply company Ucore Rare Metals Inc. is focused on establishing North American independence in the production of rare earth elements (“REEs”) vital to modern computerized technologies China currently dominates the global market for mining, processing and product creation for REEs, raising concerns that governmental controls over its industries could hamstring supplies Western nations need for everything from cell phones to fighter jet parts Ucore is preparing to establish commercial operations for REE refining and processing using the company’s trademarked RapidSX(TM) solution, which has demonstrated significant economical and environmental improvement over the standard SX separation technology The company recently…

TuesdayDec 19, 2023 9:00 am

WGC Says Gold Industry Following Ongoing Climate Discussions

The World Gold Council has revealed that the global gold-mining sector is actively following the ongoing climate change discussions. Climate change is a critical global issue that calls for sustained collaboration between different key industries before any meaningful change can occur. Some industries have undoubtedly played a greater role in proliferating greenhouse gas emissions and will be key to reducing global emissions and advancing the fight against climate change. Sectors such as coal, oil and transportation are responsible for a significant portion of global emissions, and many players in these sectors are working to cut their emissions. Fossil-fuel production companies…

MondayDec 18, 2023 10:48 am

Western Countries Lay Groundwork for Rare Earths Metals Boom

Rare earth elements are critical to the modern economy due to their applications in several key industries. Their unique magnetocrystalline, electrochemical and luminescent properties allow rare earth elements to serve in technology-based sectors, consumer electronics and even national defense systems. This includes purifying semiconductor materials, such as gallium nitride and silicon carbide, and acting as essential raw materials in the permanent magnets used in electric-vehicle motors and wind-turbine generators. With the United States and other major nations looking to transition to electric vehicles over the next few decades, demand for rare earth metals is set to explode. However, with the…

MondayDec 18, 2023 9:45 am

GEMXX Corp. (GEMZ) Reports Rise in Earnings, Assets, and Income in 2023, Prepares for Further Strategic Growth in Coming Year

GEMXX Corporation is a Las Vegas-based jewelry maker developing its strategic gold metal and ammolite gemstone from a unique mine-to-market product pipeline Gold has enjoyed record high prices during a “roaring 2023” run, and price fluctuations surrounding those highs have failed to deter optimism that demand for the precious metal may remain during the coming year GEMXX is the only publicly traded ammolite gemstone company in the world, and plans to expand its gemstone and jewelry production by 300 percent next year The company reported upbeat earnings and no long-term debt in its recent Q2 financial statement With the close…

FridayDec 15, 2023 11:00 am

Nickel Market at Decisive Point Between Demand, Supply

Nickel is a silvery-white ductile metal mainly used in the production of ferronickel in stainless-steel development as well as other alloys. Thanks to its use in rechargeable nickel-metal hydride batteries and nickel-cadmium batteries, nickel is among a group of metals poised to enjoy massive demand due to the green-energy transition. These metals are expected to run into supply issues in only a few years as suppliers will likely struggle to ramp up production to meet the rising global demand. The need for high-grade nickel, coupled with a lack of active nickel mines and supply chain issues caused by geopolitical events,…

ThursdayDec 14, 2023 11:38 am

Countries Share How They Are Repurposing Coal Plants to Generate Nuclear Energy

Despite worldwide efforts to transition from coal to cleaner alternatives such as wind and solar, coal consumption is rising across the globe. Critical energy shortages and soaring prices forced many European and Asian nations to turn back to coal as they scrambled to secure alternative energy sources and shore up supplies. China, which is the largest polluter on the globe, embarked on a historic coal-mine-approval run in 2022 and permitted an average of two new coal plants per week. In the meantime, some nations are considering retrofitting old coal mines with advanced nuclear technology to boost their clean-energy supplies with…

WednesdayDec 13, 2023 11:59 am

MIT Chemists Focus on Making Microbial Fertilizers Revolutionize Agriculture

Chemical fertilizer production makes up roughly 1.5% of greenhouse-gas emissions produced worldwide. These fertilizers are manufactured via an energy-intensive process that uses very high pressure to combine hydrogen and nitrogen from the air to make ammonia. Chemists from MIT hope to help decrease this carbon footprint by replacing some fertilizer with bacteria, as the latter is a more sustainable source. Bacteria can convert nitrogen gas to ammonia, which will not only offer plants the nutrients they need but also protect them from pests and regenerate soil. However, the bacteria are sensitive to humidity and heat, which makes it hard to…

TuesdayDec 12, 2023 9:45 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) at Forefront of Race to Develop Western Rare Earth Refining Solutions

A recent Reuters report focused its attention on rare earth mining companies’ efforts to strengthen American self-sufficiency in the production of natural elements vital to modern computerized products Rare earth element (“REE”) enterprise Ucore Rare Metals Inc. is gaining attention as a company focused on the refining of already mined rare earths to specialize in a particular sector of the supply chain, using its proprietary RapidSX(TM) technology The rare earth supply chain has been a subject of concern for years because of China’s near-monopoly on mining, refining, and production, for permanent magnets, strategic because of their use in a wide…

TuesdayDec 12, 2023 9:00 am

China Plans to Set Up Coal Production Reserve Despite Pledging to Phase Out Dirty Fuels

A Chinese state planner says the country will set up a backup production system for coal production to secure China’s coal supply and stabilize prices despite national plans to begin phasing out coal use in the latter half of the decade. China is one of dozens of countries that pledged to phase out coal use as part of global efforts to combat climate change. However, the world’s largest polluter seems to have gone all-in on coal in recent years. The Asian nation’s reinvestment in the dirty fuel was triggered by a global energy crisis that was significantly exacerbated by the…

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