Trading & Financial News
No Result
View All Result
Saturday, September 30, 2023
  • Login
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
Subscribe
Trading & Financial News
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
No Result
View All Result
Trading & Financial News
No Result
View All Result
Home Economy

S Korea Experts to Probe Room-Temperature Superconductor Claim

by Tradinghow
August 4, 2023
in Economy, Stock Trading
A A
0
S Korea Experts to Probe Room-Temperature Superconductor Claim
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


 

South Korean experts are to investigate possible breakthrough claims a room temperature superconductor has been developed, following days of counter-claims and investor frenzy.

The Korean Society of Superconductivity and Cryogenics said in a statement on Thursday it had asked Quantum Energy Research Centre to submit samples in order to verify its researchers’ findings of a room-temperature superconductor material, made public last month on a website showing research before formal publication.

“There has been a lot of controversy over the authenticity of the reported results at home and abroad, and other claims are being added without being peer-reviewed,” the group said.

“Based on data from the two archived papers and the video made public, the materials … cannot be called room temperature superconductors at this point,” it added.

Superconductors, substances with no electrical resistance, are considered valuable as they can allow electrical currents to pass through without losing energy.

 

Also on AF: US Fears China’s ‘Nation of Spies’ Will Target Foreign Firms

 

But the handful of materials discovered so far only exhibit superconductivity at extremely high temperatures and pressures, making them impractical for widespread use.

The group said organisations such as Seoul National University, Sungkyunkwan University, and Pohang University of Science and Technology would verify the findings if any sample is provided by Quantum Energy Research Centre, while member organisations are carrying out their own verification research.

The researchers who made the claim did not respond immediately to a request for comment.

Shares in the US, China and South Korea have gained since the claim of a practical superconductor was made public, as investors made early bets despite scepticism among some scientists.

The global frenzy had been further stoked after a Chinese university published a video replicating the experiment.

An index tracking Chinese superconductor-related stocks has surged since late July, when the South Korean researchers published their papers, rising as much as 22%, though it gave up a large chunk of those gains on Thursday.

Among these stocks were Jiangsu Etern Co and Western Superconducting Technologies which closed down 9.7% and 8.13% respectively on Thursday.

 

  • Reuters with additional editing by Sean O’Meara

 

Read more:

South Koreans Claim Superconductor Breakthrough – Register

Korea Superconductor Papers Published ‘Without Consent’ – Yonhap

 

 

Sean O’Meara

Sean O’Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.





Source link

  • Trending
  • Comments
  • Latest

UK Faces Two Decades of No Earnings Growth and More Austerity

July 29, 2023
Emirates Steel drops interest in Thyssenkrupp steel unit

Emirates Steel drops interest in Thyssenkrupp steel unit

July 27, 2023

Learn how to trade. For beginners

July 29, 2023
India’s parliamentary panel says tax dept should conduct evasion searches with caution

India’s parliamentary panel says tax dept should conduct evasion searches with caution

July 27, 2023

High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

0

UK Faces Two Decades of No Earnings Growth and More Austerity

0

Learn how to trade. For beginners

0

Trading for beginners

0
ADB Agrees to $300m Loan to Transform Chinese Coal City

ADB Agrees to $300m Loan to Transform Chinese Coal City

September 30, 2023
Bill Ackman’s ‘SPARC’ gets OK from the SEC and he’s ready for a deal: ‘please call me’

Bill Ackman’s ‘SPARC’ gets OK from the SEC and he’s ready for a deal: ‘please call me’

September 30, 2023
Mubadala in talks with Temasek for Manipal Hospitals stake

Mubadala in talks with Temasek for Manipal Hospitals stake

September 30, 2023
Departure of CEO adds to crisis at South Africa’s port and rail monopoly

Departure of CEO adds to crisis at South Africa’s port and rail monopoly

September 30, 2023

Recent News

ADB Agrees to $300m Loan to Transform Chinese Coal City

ADB Agrees to $300m Loan to Transform Chinese Coal City

September 30, 2023
Bill Ackman’s ‘SPARC’ gets OK from the SEC and he’s ready for a deal: ‘please call me’

Bill Ackman’s ‘SPARC’ gets OK from the SEC and he’s ready for a deal: ‘please call me’

September 30, 2023

Categories

  • Business
  • Crypto
  • Economy
  • Forex News
  • Investing
  • Markets
  • More
  • Stock Trading
  • Trading for beginners

Site Navigation

  • Home
  • Contact Us
  • Stock Trading
  • Markets
  • Investing
  • Other Links
  • Privacy & Policy
Trading & Financial News

We bring you the fastest breaking news on Trading, forex, and finance submitted from credible and reliable news sources around the world.

© 2023 Tradinghow Useful forex analysis and financial news, submitted credible news sources around the world from tradinghow.

No Result
View All Result
  • Contact Us
  • Home
  • Economy
  • Crypto
  • Investing
  • Markets
  • Forex News
  • Stock Trading

© 2023 Tradinghow Useful forex analysis and financial news, submitted credible news sources around the world from tradinghow.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In