Australia and the rest of the world opts to reduce its emissions without nuclear. This would be folly, but were it to happen, there is a great way to think about this from an investing perspective.
Demand for cobalt is increasing at a rapid rate, rising 13.5% each year from 2010–2017. And this number is only expected to keep growing. There’s been a lot of developments made on all fronts of the Cobalt sector this year and this could be very important for investors.
Anson Resources Ltd [ASX:ASN] has had a big gain over the past trading session, shooting up 31.6% in a single day. This is a result of a successful technology experiment that demonstrates their ability to produce battery grade lithium.
At Monday’s close, uranium prices were trading slightly lower at $27.45, a decline of 0.18%. After news that the US Supreme Court had effectively banned mining of near the Grand Canyon.
Australia has the world’s largest deposits of uranium, with 34% of the global total. It’s the world's third-ranking producer, behind Kazakhstan and Canada. But this could be set to change.
Uranium price has always been known as fickle at best, and volatile at worst. This year has proved to be the same. But to be frank, this is exactly the type of opportunity Australia could bank on to help its energy crisis.Uranium closed at $27.35, down slightly since last Friday 21 September 2018...
Iron ore prices have remained quiet over the weekend, with iron ore spot and futures markets recording minor movements across the board last Friday. As reported by Metal Bulletin, the iron ore spot price for benchmark 62% fines slipped to $69.13 a tonne, which is a decline of 0.1%...
This month the price of uranium reached US$27.30 a pound. Historically speaking, uranium prices have proved fickle, from its peak to trough range of US$143 May 2007 to US$7.10 in December 2000 respectively.The spot price of uranium remained relatively volatile throughout this year.
At time of writing, BHP Billiton Limited [ASX:BHP] is trading at $32.86, which marks a 1.42% increase from yesterday’s figures.
Shares of Australian lithium producer Pilbara Minerals Limited [ASX:PLS] have risen by 3.53% in today’s trading. This jump follows several reports released today revealing that the company is on track with their first spodumene concrete shipment and strong production results.