Rising costs and falling prices have pushed many coal producers to halt operations.
Articles Tagged "demand"
Reuters reported that the price of oil dropped $3, falling as much as $5 at its lowest point, due to high-volume selling that may have been the result of a problem with an automated computer trading program.
SQM's recently released first quarter earnings indicate that demand was robust in the lithium market during the first three months of the year.
Newly listed on the TSE, Western Lithium USA has leased a portion of claims on the Kings Valley Project located in north-western Nevada with lithium rich hectorite clay deposits. The company has conducted a scoping study and has a resource estimate for the initial stage of development hosting a historically estimated 11 million tones of lithium carbonate equivalent (LCE).
A report issued last week by Morgan Stanley forecast that uranium prices will average $52.25 a pound next year, an increase of 19 percent higher than this year.
Prices are expected to rise, initially pushed higher by increased gas demand for cooling, as Senior Meteorologist Joe Bastardi of AccuWeather.com predicted this summer to be the “hottest summer since 2005 for much of the nation” and later from increased demand in industrial and power generation.