Amidst the tumultuous waves of a global pandemic, Russia’s premier gold buyer, the nation’s central bank, has strategically doubled down on its investments in precious metals. As the COVID-19 virus continues to rage across the globe, the central bank’s move reflects a broader trend of seeking stability and hedging against economic uncertainties. Russia’s affinity for…
The aluminum industry has been lobbying the White House to block imports of Russian aluminum into the United States, citing the threat of increased Russian influence and market manipulation in the sector. The lobbying effort, led by aluminum giant Alcoa, is part of a broader U.S. effort to pressure Russia over its military intervention in…
An active volcano in east java is the well known site for sulphur mining , in local language its known as gunung merapi meaning “mount fire” . the site is the smoky atmosphere that billows around the mine where the sulphur is mined 220 yards deep , the mined sulphur is used in gun powder…
Toronto Stock Exchange (TSX) CEO Lou Eccleston has said that mining firms are likely to lead capital raisings in Canada in the near future. In an interview with Bloomberg TV Canada, Eccleston said that the TSX is seeing a lot of exploration activity, particularly in precious metals and base metals. He noted that many companies…
In recent months, China has seen a rise in coal mine accidents as the country pushes for higher production. The increase in accidents comes as the country ramps up coal production and consumption in order to meet its energy needs. China is the world’s largest producer and consumer of coal, and it is estimated that…
When the world’s leading gold mining companies by market value are focusing on copper projects, it might indicate a problem with gold’s appeal. This week, the price of gold reached a new record high, exceeding $2,100 per ounce, driven by expectations of lower US interest rates and strong demand from Chinese households. However, major mining…
Copper and nickel prices have been on the rise in recent weeks as European countries scramble to secure enough of the metals to meet their industrial needs. The price of copper has jumped by more than 10% since early April, while nickel has seen an even bigger surge, rising by more than 20%. The price…
A recently identified mineral, named kanatzidisite, was found in the mining dumps of the abandoned Nagybörzsöny gold deposit at Alsó-Rózsa in northern Hungary. Kanatzidisite, belonging to the class of materials known as chalcogenides, has historical usage in copper production and modern applications in catalytic reactions for fuel production, solar cells, and various materials. This novel…
The oil and gas extraction segment produces the petroleum and natural gas that heat homes, fuel cars, and power factories. Petroleum products are also the raw materials for plastics, chemicals, medicines, fertilizers, and synthetic fibers. Petroleum, commonly called crude oil or just oil, is a liquid formed under ground from the decay of plants and…
Nickel’s electric dreams turn into a pricing nightmare : The electric vehicle (EV) market is booming. With the rise of Tesla and other electric car manufacturers, more and more people are looking to make the switch to electric. But as the market grows, so too do the prices of these cars. This has led to…