As we reported in “Data Centers’ Power Demand Spikes Utilities’ Stock Prices, Grid Concerns” (28 May 2024), the rush to build AI data centers is claiming more and more of the U.S. electricity supply.
582 search results for: mining
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RUSSIA LEGALIZES BITCOIN MINING
Many see it as the “game theory” built into Bitcoin playing out. Russia this past week gave legal approval to bitcoin mining.
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TOP TREND 2023, OFFICE BUILDING BUST: COMMERCIAL REAL ESTATE BUST UNDERMINING BOND DEALS
Thanks to the tumbling values of commercial properties, defaults are on the rise in a sector of the debt market known as single-asset, single-borrower bonds (SASBs).
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MINING VENTURE USES AI TO PINPOINT MAJOR COPPER DEPOSIT
KoBold Metals, a Californian mining venture that counts Jeff Bezos and Bill Gates as investors, has used AI to locate a major copper deposit in Zambia.
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FU ENVIRONMENT, IT’S THE BOTTOM LINE: PORTUGAL APPROVES LITHIUM MINING
Portugal’s environmental regulators have given a positive recommendation on Savannah Resources’ proposed Barroso lithium mine that will produce enough of the metal to supply 500,000 electric vehicles (EVs) annually, the company says.
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RECOVERING MINERALS THROUGH PHYTOMINING
Forward-thinking researchers are foreseeing a time when future generations of humanity are running short of minerals because their ancestors have used them up.
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MINING RARE EARTH ELEMENTS WITH ELECTRICITY
Rare earth elements are key components in our electrified world, used in everything from electric motors to flat-screen televisions. But acquiring them is a messy business.
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HOUTHIS BLAME U.S. FOR UNDERMINING FRAGILE TRUCE
Houthi leaders in Yemen criticized the U.S. for undermining their delicate truce with the Saudi coalition during Ramadan that was reached earlier this month and seen as a potential breakthrough in the seven-year-long conflict. The U.S. said it sent up to eight ships to the Red Sea to counter illicit coal smuggling, weapons dealing, and...
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MINING RARE EARTH ELEMENTS FROM TRASH
The world’s increasingly electronic and green economy rests on 17 metals known as rare earths, which are becoming increasingly scarce, especially since political turmoil has slowed production out of Myanmar, the world’s third-largest exporter. Since 2020, the price of the lithium carbonate used to make batteries for everything from smartphones to smart cars has shot...
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EU REGULATOR CALLS FOR BAN ON MAIN CRYPTO MINING METHOD
Cryptocurrency mining is taking such a large amount of renewable energy that it threatens to keep the European Union (EU) from meeting its Paris climate goals, Erik Thedeen, vice-chair of the European Securities and Markets Authority, said in a 20 January Financial Times interview. The EU should ban the most common form of mining, Thedeen...
