Other Commodities
Silver Sands announces high grade silver find in Santa Cruz
Silver Sands Resources Corp. \\\[SAND-CSE; SSRSF-OTCQB\\\] announced on Thursday, May 21st that the company plans to start a phase 111 exploration program on its Virginia silver project in Santa Cruz Province in the Patagonia region of Argentina following the …
Russia oil reserves to last until at least 2080
Russia's oil reserves will reach 2080 at the current rate of annual production, the Minister of Natural Resources, Alexander Kozlov, said this week in an interview with Russian news agency RBC. Russia also has natural gas reserves for another 103 years of …
Gold Miners are finally on the winning side
Last year proved to be a dream for gold speculators and investors after the gold price soared to historic highs thanks to a perfect storm out of a global pandemic, massive government stimulus programs, a weakening dollar, and a bull market that eventually ran …
LNG from Asia is at a 4-months high
Asian liquefied natural gas (LNG) spot prices rose to a nearly four-month high this week as cargoes were pulled in Europe amid firm demand for inventory replenishment and power generation in the summer, trade sources said Friday. The average price of LNG for a …
Mining Stocks help investors to hedge against inflation
Investors value the commodities asset class for both diversification and inflation protection - but they may be investing in commodities the wrong way. As the U.S. economy has begun to dig its way out of the massive hole left by the COVID-19 pandemic, …
Latin American Oil Majors feel the heat of the latest Covid wave
Despite lengthy lockdowns and closed borders across South America, the continent is one of the hardest hit by the COVID-19 pandemic. Three countries, Brazil, Argentina and Colombia are in the top 12 countries with the most cases, while Brazil and Colombia are …
Exxon meets earnings expectations
Exxon Mobil Corp outperformed Wall Street earnings estimates on Friday with its first profit in five quarters, helped by higher oil prices and strong chemical margins. Exxon (NYSE: XOM) and its competitors' earnings have soared this year, with crude oil prices …
NGO asks Asian Development Bank to withdraw from fossil fuels
A group of nongovernmental organizations called on the Asian Development Bank (ADB) on Monday to end lending to the fossil fuel sector as the international lender holds its annual meeting this week with a focus on a green economy. The ADB, which funds …
Newly-discovered bacteria could be the holy grail for the copper industry
US and Brazilian researchers have published a new study in which they outline what they consider to be a "more efficient and safer" alternative to obtaining copper from bacteria. The work was published in the journal Science Advances. In their discussion, the …
High Tech Deep Sea Mining Robot lost at bottom of the pacific
A deep-sea mining robot on a test mission to retrieve cobalt and nickel-containing rocks from the bottom of the Pacific has malfunctioned. Controversial plans to mine the ocean floor face a crucial test this year when a United Nations body puts forward rules …