July 2023 - Page 2 of 4 - MiningNewsWire

MondayJul 24, 2023 1:23 pm

John Kerry Applauds China for Efforts to Switch to Renewable Energy

John Kerry, the United States special presidential envoy for climate, has commended China for its efforts to phase out dirty fuels in favor of renewable alternatives. Speaking in Beijing after arriving for three days of talks on climate change, Kerry praised China for the it’s speedy expansion of green-energy sources across the massive country. China, which is the largest greenhouse gas emitter on the planet, had installed up to 450 million kilowatts worth of solar power capacity by the end of May. The country has also upped its investment in green energy in recent months, spending around $13.68 billion on…

MondayJul 24, 2023 9:45 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Reports Additional Copper Values at Los Azules Project; Eyes Further Value for Company

McEwen just reported new copper assays at its Los Azules project in San Juan, Argentina, the 9th largest undeveloped copper deposit in the world These results lead the company closer to realizing the full extent and economic potential of the deposit The latest drilling program, which began in October 2022 and concluded on June 19, 2023, has attracted new investment capital at rates implying a significant boost in the company’s value McEwen’s management is confident a future mine would support annual production of 415 million pounds of copper during its first 13 years at Los Azules, while creating long-term and…

FridayJul 21, 2023 1:07 pm

Gold Market Sees Growing Bullish Sentiment

Kitco’s latest News Weekly Gold Survey has revealed increasing bullish sentiment regarding the gold market among retail investors. Following weeks of lackluster investor interest and drifting sentiment, Kitco suggests that retail investors are once again turning their attention to gold and other precious metals. Even though neither Main Street retail investors nor Wall Street analysts expect a major breakout in the gold market, retail investors are slightly more optimistic. Analysts, on the other hand, are more cautious about the gold market. RJO Futures senior market strategist Daniel Pavilonis says that although weak inflation data will keep supporting gold prices, there…

ThursdayJul 20, 2023 2:48 pm

DOE Report Emphasizes Need for Graphite, Other Critical Minerals

The global transition from fossil fuels to clean energy will require major investment in critical metals to support the development of renewable energy infrastructure. These metals already function as raw materials in many modern technologies, including critical infrastructure such as defense systems, and their demand is poised to explode as the green energy transition accelerates. However, a significant portion of critical metals such as graphite are either mined or processed in China, giving the eastern Asian country a monopoly over the global rare mineral industry. China’s rare earth metal monopoly has spurred concerns among national leaders and industry players who…

WednesdayJul 19, 2023 3:11 pm

Study Suggests Natural Gas Could Match Coal’s Harmful Eco-Effects

A recent study has revealed that natural gas has the potential to match coal’s harmful environmental effects. Coal, one of the most prolific environmental polluters on the planet, is public enemy number one in our increasingly ecofriendly world. After decades of running factories and keeping households lit, coal is being phased out and replaced with cleaner alternatives, such as solar and wind energy, which cause minimal pollution. However, long before solar and wind could even dream of replacing coal-fired energy, natural gas was a top contender to replace coal. Natural gas-fired power plants produce less carbon dioxide compared to coal…

TuesdayJul 18, 2023 3:22 pm

Critical Metal-Export Controls by China Trigger Search for Alternative Supplies

Recently approved import restrictions in China on the rare metals germanium and gallium coupled with a growing risk of future restrictions on critical metal exports have revived global efforts to find alternative supplies. As the world finally begins coming out of a semiconductor chip shortage that slowed down production and increased product prices across industries such as healthcare, consumer electronics and the automotive sector, the recent announcement underscores just how delicate the critical metal supply chain is. China’s ascent to global economic supremacy over the past few decades has seen the Eastern Asian country take control of most of the…

TuesdayJul 18, 2023 9:00 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Reframes Approach to Sustainable Innovation in 2023 PEA Base Case Development Strategy for Decisive Los Azules Project

McEwen’s 2023 PEA marks a turnaround from the 2017 PEA, which previously focused on the construction of a mine with a conventional mill and floatation concentrator The 2023 PEA preparation was guided by three fundamental principles: environmental footprint, reduced permitting risk, and cathode production McEwen’s management is optimistic that the new direction will draw the company closer to achieving its full and substantial potential, paying off monetarily while reducing the company’s upstream environmental impacts McEwen Mining (NYSE: MUX) (TSX: MUX), an asset-rich diversified gold and silver producer in the Americas, just announced its reframed approach to sustainable innovation for its…

MondayJul 17, 2023 3:13 pm

Nickel Gains Prominence in Carbon-Capture Efforts

Nickel is poised to play a major role in global green-energy efforts over the next couple of decades. With the effects of more than a century of global warming becoming more apparent by the day, several countries around the world have begun phasing out dirty energy sources such as coal and oil in favor of cleaner alternatives. The goal is to drastically reduce carbon and greenhouse gas emissions into the atmosphere and arrest the rate of atmospheric heating. Aside from limiting the amount of carbon dioxide emitted into the environment, carbon-capture technology will also be essential in global green-energy efforts.…

MondayJul 17, 2023 9:45 am

Third REE Feedstock Boosts Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Opportunity to Demonstrate Trademarked Processing Technology Critical to National Strategy

Ucore Rare Metals Inc. is dedicated to providing North American independence from China’s near-monopolistic control of the rare earth element (“REE”) production pipeline that supplies metals critical to modern technologies The company has developed a trademarked solution that improves on the standard process used worldwide for separating REEs from their host ores, and Ucore is demonstrating its solution’s capabilities at a Canadian facility ahead of a planned commercial operation Ucore recently announced acquisition of a U.S.-sourced light REE feedstock that will be its third REE feedstock for the demonstration plant, allowing it to compare its RapidSX(TM) solution side-by-side with standard…

FridayJul 14, 2023 12:03 pm

How the Fertilizer Market Is Shaping Up

The global fertilizer market has been in crisis since 2022 amid increasing prices and a significant supply shortfall that threatens to exacerbate food insecurity across the world. This crisis was worsened by the 2022 invasion of Ukraine by Russia as the Kremlin and Belarus are among the top producers of the key nutrients used in most conventional fertilizers. Russia is responsible for 11% and 14% of global phosphate and urea trade respectively while both countries collectively produce 41% of the world’s potash. Additionally, Ukraine and Russia collectively export 28% of nitrogen, potassium and phosphorous fertilizers. Fertilizer prices were already reaching…

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Month: July 2023