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04/05/2022
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By News Editors
Russia is quietly making the case for owning gold
Russia has quietly made the case for owning gold. (Article republished from SchiffGold.com) The head of the Russian Parliament, Pavel Zavalny, made comments recently addressing the subject of economic and financial sanctions. It’s clear that gold is playing a large role in protecting Russian wealth. That role may get bigger and it could create a paradigm shift in […]
03/24/2022
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By News Editors
US Senators want to freeze Russia’s gold reserves – media
US Treasury Secretary Janet Yellen will meet this week with a bipartisan group of senators to discuss the possibility of freezing Russia’s $132 billion in gold reserves, the news website Axios reported on Wednesday. (Article republished from RT.com) Maine Senator Angus King reportedly has claimed that the legislation could pass the Senate as early as this […]
03/23/2022
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By Mary Villareal
Aluminum prices soar as Australia bans alumina exports to Russia
The ban on alumina exports to Russia has added more pressure on aluminum giant United Co. Rusal International PJSC. Moscow-based Rusal shares dropped after Australian Prime Minister Scott Morrison announced that the country is immediately banning exports. Australia supplies almost 20 percent of Russia’s alumina, which is a key ingredient for producing aluminum. Its exports of […]
02/24/2022
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By Mary Villareal
Aluminum and nickel, other commodity prices rise following Russia’s move on Ukraine
Aluminum and nickel prices spiked after Russia moved troops to two areas in Ukraine and declared them as independent regions. Aluminum prices, which were at $3,270 per ton on February 21, jumped 3.67 percent to around $3,390 the following day. Meanwhile, nickel, which was trading at $24.350 per ton, jumped 3.9 percent to $25,300 on […]
01/25/2022
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By Arsenio Toledo
Want to protect your assets against inflation? Consider owning precious metals like gold and silver
As the United States’ inflation soars to record highs, economic experts and analysts believe it is time for people to invest in inflation hedges that can keep their assets from depreciating. In this regard, the best investments people can make right now are precious metals like gold and silver. According to the latest consumer price index, […]
08/04/2021
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By Divina Ramirez
Soaring metal prices may delay ongoing transition to clean energy
High metal prices may be good for miners, but they could delay the global transition to clean energy. In its recent report titled “The Role of Critical Minerals in Clean Energy Transitions,” the International Energy Agency (IEA) said the surge in demand for minerals used in solar panels, wind turbines and batteries is straining supplies, sending prices soaring. In […]
08/05/2020
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By Virgilio Marin
British company to launch a space mission in 2027 to mine multi-trillion dollar asteroid
The Asteroid Mining Corporation in Britan bared plans to mine a nearby asteroid in 2027. CEO Mitch Hunter-Scullion, who founded the company in March 2016, aims to advance the Third Industrial Revolution with asteroid mining. He considers the project as the “single greatest economic opportunity in human history.” In particular, Hunter-Scullion’s team will target Asteroid 1986 DA. Previous research found that the […]
06/03/2017
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By Amy Goodrich
MINING just one large asteroid could COLLAPSE the world economy due to surge of new supply for valuable metals
Could space mining become the next big thing? Though extracting minerals from space is not currently in NASA’s plans, they just scheduled a journey to asteroid 16 Psyche a year earlier than planned, reported the Daily Mail Online. Unlike most other asteroids that are formed out of rocks or ice, a team of NASA researchers […]
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