NewsRoom Articles - Page 94 of 207

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…

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…

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