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Yahoo
22-05-2025
- Business
- Yahoo
Men face serious penalties after being caught red-handed at protected rare earth site: 'A serious breach of site security'
With rare earth deposits foregrounding many a geopolitical discussion these days, countries are doing their best to protect and maximize their reserves. Recently, Malawi police arrested two Chinese nationals found trespassing and performing "unauthorized geological sampling" on the site of Malawi's Kangankunde Rare Earths Project. Rare earth elements are crucial to supporting growth in clean energy industries, from wind turbines to electric vehicles to smartphone manufacturing. The developing Project Kangankunde, managed by the Australian Lindian Resources, intends to establish a rare earth mining and processing front at one of the world's largest deposit sites near the city of Blantyre, Malawi. Preliminary work on the Project began only a few weeks ago. According to an Investing News Network report on the incident involved two Chinese nationals attempting to bypass Lindian Resources security barriers with the help of unmapped haul roads and two Malawian guides. Security apprehended the intruders within hours, per local villagers. "Lindian considers this a serious breach of site security and a concerning act of industrial trespass, particularly given the strategic nature of the Kangankunde asset," Lindian Resources said in a press release obtained by Investing News Network. The company's executive chairman, Robert Martin, said Lindian "takes site safety and security extremely seriously, especially with pre construction works well underway" and that "to find foreign nationals on an active unmapped haul road allegedly taking geological samples is concerning specifically with the current geopolitical nature of the rare earths market." As rare earth elements increasingly become a point of geopolitical contention, mining and processing efforts may become more extreme. In addition to providing fuel to potential international conflicts, such invasive mining procedures yield dust and other contaminants and may take their toll on nearby ecosystems, noted the Harvard International Review. While rare earth elements are used in clean energy technologies, it's possible the environmental impact of the initial extraction may work counter to at least some of these benefits. "This is the third time Chinese nationals have done this," said one local community leader, James Makanga, according to the Malawi Voice. "Their actions are beginning to raise alarm to us as members of the community." Do you think America has a plastic waste problem? Definitely Only in some areas Not really I'm not sure Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Yahoo
10-05-2025
- Business
- Yahoo
Why ‘Rich Dad' Robert Kiyosaki Is Buying Silver Right Now — Should You Invest, Too?
Stock market turbulence might be bad for equity investors, but it's usually good for people who invest in precious metals such as silver and gold. Among the latter is financial author Robert Kiyosaki, who recently praised silver in a post on X. Read More: Find Out: In the post, dated April 22, Kiyosaki called silver the 'biggest investment bargain' today. 'Gold has already hit all time highs,' he wrote. 'I have plenty of Bitcoin. And silver is still 50% below its all time high … today about $35 [an ounce]. I believe silver will [increase] 2X to $70 this year.' That's a pretty bold prediction — and one many experts might find overly optimistic. Since Kiyosaki wrote those words, the price of silver has fallen below $35 an ounce. It would have to skyrocket in a hurry to reach $70. However, there are reasons silver might be a good investment right now. Like gold, silver is considered a safe haven when stocks are volatile because of the metal's inherent value and its application in different industries. Silver is also considered a hedge against economic uncertainty, and the world has seen plenty of that due to President Donald Trump's sweeping tariff plans. 'Precious metals, including silver, have benefited from the volatility created by the Trump administration's constant tariff threats since the beginning of the year,' the Investing News Network (INN) noted in an April blog. 'These threats have caused chaos throughout global equity and financial markets, prompting more investors to seek safe-haven assets to stabilize their portfolios.' Discover Next: The upshot is that silver prices have mostly been on the rise in 2025 despite occasional choppiness. Silver traded at $32.85 an ounce as of early Wednesday, May 7, according to data from Kitco. That's up from $28.90 at the close of 2024 — a gain of about 14%. That's a very strong gain when compared with the stock markets, which are down for the year despite recent momentum. But silver's price gain still lags behind that of gold, which could be why Kiyosaki calls silver a 'bargain.' As Barron's reported this week, market dynamics could be shifting in silver's favor. A recent Wall Street winning streak led some investors to sell gold because its price has risen so high. One advantage silver has over gold is that it has a 'wider range' of industrial uses, Barron's noted. This could help boost its price in the coming months, which means buying now would be a profitable move. But there is an important wild card to consider: the economy. One fear is that Trump's tariffs will create a global trade war that will ultimately lead to a recession. This, in turn, could cause a slowdown in global manufacturing, which would lower demand for silver's industrial uses and send its price south. So far, that hasn't happened. But things could change quickly if Trump's tariffs lead to a trade war. 'There is a lot of concern regarding industrial demand, as tariffs could cause demand destruction as costs go up,' Peter Krauth, editor of the Silver Stock Investor told the INN last month. This scenario could lead to lower silver prices a few months down the road. For now, though, silver continues to trend higher, and many experts suggest it is still a good time to buy. More From GOBankingRates 5 Types of Vehicles Retirees Should Stay Away From Buying How Far $750K Plus Social Security Goes in Retirement in Every US Region 4 Things You Should Do if You Want To Retire Early 12 SUVs With the Most Reliable Engines Sources: Robert Kiyosaki, X Nasdaq/Investing News Network, Silver Price Update: Q1 2025 in Review Barron's, Gold Prices Are Crushing Silver. Why That Could Change Soon Kitco, Live Charts Silver This article originally appeared on Why 'Rich Dad' Robert Kiyosaki Is Buying Silver Right Now — Should You Invest, Too? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
