NewsRoom Articles - Page 94 of 206

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…

TuesdayOct 31, 2023 2:33 pm

Expert Predicts $10,000 Price for Gold

James Puplava, president of Financial Sense Wealth Management, predicts that gold and silver will trade at more than $10,000 and $300 respectively by the end of the decade. Puplava has a history of making relatively accurate gold predictions, correctly forecasting a decade-long bull run in precious metals at the turn of the century when gold was trading at under $300. While Puplava predicted the precious metal would end this run at all-time highs of more than $1,000, gold prices nearly reached $2,000. With the Financial Sense Wealth Management president predicting that gold will trade at higher then $10,000, the market…

MondayOct 30, 2023 8:35 pm

Australia’s Biggest Business Event: Global Mining Industry Celebrates 10 Years of IMARC

Sydney, Australia: The world’s mining and resource leaders are gathering in Sydney this week for the 10th International Mining and Resources Conference (IMARC), which has grown from humble beginnings to become one of the world’s most important industry conferences and Australia’s largest business event. Chief Executive Officer of Beacon Events, Daniel Kirwin, said IMARC was born at a time when industry conferences provided limited opportunities for leaders to engage, exchange ideas, showcase innovation, establish business partnerships and tackle common challenges. “IMARC has emerged as one of the top global forums for miners, investors, METS companies and governments, reflecting an industry…

MondayOct 30, 2023 11:49 am

How Junior Mining Firms Can Leverage Current Market Conditions

The junior mining segment has had a rough couple of years, experiencing two years straight of lackluster returns and a losing streak that rivals the segment’s historic gold bear market in from 2011 to 2015. This year has been just as difficult for junior miners as most players in the sector have seen another year of poor performance amid record underinvestment. Investment in the mining sector has been declining for the past decade, and the junior mining sector has felt it the most. Smaller companies typically have less access to capital and have few funding options once traditional capital runs…

FridayOct 27, 2023 3:02 pm

Governments Meet to Discuss Sustainable Critical Mineral Strategies at Resourcing Tomorrow

On the 27th of November, Resourcing Tomorrow will be holding its first Critical Minerals Ministerial Roundtable and Reception in London, in conjunction with the Critical Minerals Association and hosted by the UK All-Party Parliamentary Groups (APPG). Government delegations from Australia, Armenia, Canada, Chad, Nigeria, the Kingdom of Saudi Arabia, the Kyrgyz Republic, the Czech Republic, Portugal, the United Kingdom and the United States have confirmed their attendance. The world is at a key juncture in the transition to greener energy and each resource-rich country is under unique pressure to attract lasting, meaningful investment into the development of their respective Critical…

FridayOct 27, 2023 12:03 pm

IEA Predicts 2030 Peak for Coal, Oil, Gas Energy

The International Energy Agency (IEA) predicts that global demand for coal, natural gas and oil will peak by 2030 amid an “unstoppable” energy transition. According to the agency, carbon pollution from the three fossil fuels will also peak by the end of the decade, thanks to the proliferation of renewable energy. The IEA report predicted that there would be close to 10 times more electric cars than there are now by the end of 2030. Renewable energy sources such as wind and solar will also account for nearly one-half of the worldwide energy mix compared to 30% in 2023. Most…

ThursdayOct 26, 2023 3:45 pm

Swedish Scientists Find Promising Way to Recover Minerals from Discarded EV Batteries

Electric vehicle battery metals are poised to see a major increase in demand over the next couple of decades, thanks to soaring EV adoption. Minerals such as lithium, graphite and cobalt are critical to the development of EV batteries, but their production is almost completely reliant on Chinese companies, something that has left Western pundits and lawmakers extremely worried. Furthermore, the lack of efficient battery recycling techniques makes it incredibly difficult to reuse EV battery minerals and places even more pressure on the world’s already strained supply. According to a team of Swedish researchers, they may have developed a technique…

ThursdayOct 26, 2023 2:49 pm

IMARC 2023: Australia Poised to Take Global Lead in Critical Minerals

The announcement by Prime Minister Anthony Albanese to double the investment in the Critical Minerals Fund sets the scene for this year’s International Mining and Resources Conference (IMARC) in Sydney next week. The AU$4 billion plan is aimed at expanding the production and processing of critical minerals in Australia to secure the country’s position as a global critical minerals powerhouse. Mr Albanese said Australia is in a strong position to help the global shift to net-zero due to its large deposits of critical minerals. “Australia is committed to building sustainable and secure critical minerals supply chains with the United States. This is central to…

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

Contact us: (512) 354-7000