NewsRoom Articles - Page 94 of 127

WednesdayJun 16, 2021 9:45 am

Gold Price Moderately Stable Despite Yellen’s Comments

Last week, the U.S.Treasury Secretary Janet Yellen commented on the expectations for fiscal spending and inflation, which would push treasury yields even higher. In the news conference, Yellen urged other countries to continue spending in order to support their economies even as the coronavirus pandemic diminished, noting that U.S. inflation in 2021 would be transitory but elevated. Spot gold only increased moderately by 0.1%, going up to nearly $1,893 while U.S. gold futures increased to $1896, a 0.2% rise. However, bullion was on the decline after Yellen stated that President Joe Biden should move forward with the spending plans that…

TuesdayJun 15, 2021 3:00 pm

Differences Between Lithium Ion, Vanadium Batteries

More countries and individuals across the globe are transitioning into using electric vehicles in a bid to eliminate the use of fossil fuels, as countries work on fighting climate change. This transition is also encouraging the use of renewable energies, which will help to significantly reduce green-house gas emissions. Lithium ion and vanadium redox batteries will be among the most common components of this transition. So, what are the differences between the two? Lithium-ion batteries are smaller in size when compared to vanadium batteries, which enable them to be used in electric vehicles and portable electronics. Also known as Li-ion…

TuesdayJun 15, 2021 2:12 pm

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Partners with Global Leader in Rare Earth Separation

UUUU is focused on building fully integrated, rare earth supply capabilities Carester is recognized as leading authority, global consultants on rare earth supply chains Energy Fuels committed to restoring critical U.S. domestic rare earth capabilities In its ongoing commitment to developing its rare earth element (“REE”) business, Energy Fuels (NYSE American: UUUU) (TSX: EFR) is working with Carester SAS, a leading global expert on rare earth separation (https://ibn.fm/lb61d). UUUU is working with Carester to conduct a scoping study for the development of a solvent extraction REE separation circuit at Energy Fuels’ White Mesa Mill in Utah. “Energy Fuels is absolutely focused…

MondayJun 14, 2021 3:00 pm

Fitch Raises Forecast for Future Pricing Levels for Nickel

Fitch Solutions recently upgraded its long-term price outlook for nickel to $16,500 from $15,750 per ton. This comes as the price of the metal continues rising, given the international market deficit. Despite this, nickel prices on the London Metals Exchange are expected to decrease in the coming months as the production of the metal increases and the demand from steel production is stabilized. Fitch also reported that prices had recovered from a price correction that took place in March after Tsingshan, a producer of stainless steel in China, announced that it planned to considerably increase its production for nickel for…

FridayJun 11, 2021 2:30 pm

Demand for Uranium Forecasted to Increase in Near Future

Last month, the director of International Consolidated Uranium, Anthony Milewski, commented that global sentiments on uranium were improving, with nuclear fuel slowly gaining attention once more following a decade in the dark after the Fukushima nuclear disaster. Radioactive metals plutonium and uranium are usually used in nuclear fuel. Of the two, uranium is the main fuel used by nuclear plants and reactors as its atoms split apart easily. The metal is considered to be a nonrenewable energy source. Milewski observed that most governments were now willing to talk about nuclear energy, given that most countries across the globe were focused…

ThursdayJun 10, 2021 10:45 am

Will Price of Gold Hit New High?

The price of gold may soon surge considerably, brought about by the increasing inflationary pressures that are improving bullion’s appeal. Earlier this week, the price of gold stood fast, despite gold futures in the United States recording a 0.1% gain and spot gold dropping by 0.2%. However, despite the modest decline, spot gold is still up by almost 8%. Concurrently, the U.S. dollar, which has often been used as an alternative to bullion, is now in its second consecutive month of decline, which can be observed in the Dollar Index, which had dropped by 0.2% on Monday. The yield on…

WednesdayJun 09, 2021 3:30 pm

Investors Pouring More Money into Industrial Metals’ Bull Run

Since last year, industrial metals have been experiencing a hot bull run, which has boosted prices to record highs. Investor numbers have been increasing, with Wall Street leaders such as Bank of America Corp. and Goldman Sachs Group Inc. advising investors to continue buying in anticipation of a rally driven by spending on electric car infrastructure, renewable energy and global recovery from the pandemic. Metals such as copper have doubled in price in the last year to more than $10,000 per ton, with Bank of America claiming that this number may double if supply fails to meet the increase in…

TuesdayJun 08, 2021 1:45 pm

Renewable Energy Drive Could Boost Silver Prices

While other metals have surged in price, silver has lagged in comparison. However, Permanent Portfolio Family of Funds portfolio manager and president Michael Cuggino speculates that the metal’s price may go higher in the near future given that last year, silver futures rose by more than 45%. Cuggino adds that a possible drop in the U.S. dollar, a lack of capacity investment over the past few years and perceived or real inflation as the international economy rebounds, may also contribute to the metal’s price moves. Earlier this year, silver was going for $30 per ounce after a Reddit post online…

MondayJun 07, 2021 3:00 pm

Vanadium Batteries Could Be Future of Energy Storage

At the beginning of the year, the California Energy Commission announced that it would be setting aside $20 million to be used to finance research projects for long-duration energy storage. The aim was to establish a clear understanding of the part long-duration energy storage could play in meeting the mandates to decarbonize the state’s electricity sector in 20 years. The solicitation didn’t include lithium-ion batteries. The commission chose a quartet of energy storage projects from Invinity Energy Systems Plc, which is based in the United Kingdom and North America. The projects had integrated vanadium flow batteries. All the sites chosen…

FridayJun 04, 2021 2:30 pm

2020 Mining Capital Expenditure Reduces by 8% Due to Pandemic

Recent research conducted by S&P Global Market Intelligence has discovered that actual capital expenditures decreased by 8% last year in more than 400 mining companies. This was a result of the regional lockdowns imposed, which brought about work stoppages and placed unprecedented stress on international supply chains. At the start of last year, S&P Global Market Intelligence forecasted a capital expenditure of more than $160 million, based on a 9% year-over-year increase of the previous year. However, the pandemic’s impact on the mining sector prompted miners to alter spending plans, which brought the forecasted capital expenditures to about $155 billion.…

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