June 2023 - Page 3 of 4 - MiningNewsWire

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…

WednesdayJun 07, 2023 2:07 pm

How a Copper Shortage Could Hamstring the Energy Transition

The world is currently facing a critical copper shortage that triggered increased copper prices at the start of the year. Several factors, including the coronavirus crippling supply chains, increased demand for copper and a decline in copper ore quality, contributed to a global shortage that could last until 2030. Some experts fear that these shortages could also threaten the transition to clean energy. Dozens of countries have pledged to transition from dirty fossil fuels, such as oil and coal that have significantly contributed to global warming and climate change, to clean sources of energy. Copper, which already has numerous applications…

TuesdayJun 06, 2023 3:24 pm

Lithium Could Be on Cusp of Bull Run

Lithium is one of the most in-demand metals at the moment due to its application in electric vehicle batteries. With electric cars projected to replace internal combustion engine cars over the next few decades, lithium has earned the moniker “white gold” amid projections of significant demand. However, lithium prices tumbled toward the end of 2022, falling by close to 20% amid a general drop in prices among minerals, including copper and cobalt. Lower lithium prices resulted in a drop in production prices and allowed EV makers such as Tesla to drop the prices of their EV offerings. Experts believe that…

TuesdayJun 06, 2023 9:00 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) To Play Key Role in North American Push to Control its Rare Earth Critical Metals Destiny

Canada-based Ucore Rare Metals Inc. is preparing to begin construction on a rare earth element (“REE”) processing plant in Louisiana that it says will be the first REE separation facility to operate at commercial scale in North America Currently, China dominates both REE feedstock supply and REE processing capacity on a global basis, generating concerns that it can control the world’s ability to build modern technologies and use its control to retaliate against countries in adversarial situations Modern technologies that rely on REEs for crucial magnets in their composition include phones, computers, household appliances, electric vehicles, solar panels, and wind…

MondayJun 05, 2023 2:06 pm

America on Brink of Rare Earths Crisis

Rare earth elements are a class of metals that will play a major role in the world’s transition from fossil fuels to clean renewable energy. They are used in the development of computers, solar panels, wind turbines, electric cars, lasers, magnets for vehicles and other devices, precision-guided weapons, and other critical technologies in the defense departments. Demand for these metals is poised to increase exponentially in the coming years as countries ramp up investment in renewable energy. However, the rare earth elements industry is plagued by one major problem: China has monopolized most of the world’s supply of critical metals.…

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Month: June 2023