namoffice
A short-lived silver rush
Rising inflation expectations and central bank activities are likely to have a more lasting impact on the silver price this year than retail traders trying to force a short squeeze.
Read MoreFord boosts investment plan for EVs and self driving vehicles, reports loss
DETROIT (Reuters) – Ford Motor Co on Thursday more than doubled the amount of money it plans to invest on electric and autonomous vehicles, to $29 billion, even as it posted a fourth-quarter net loss of $2.8 billion.
Read MoreNorilsk Nickel fined $2 billion for massive fuel spill in the Arctic
Norilsk Nickel, the world’s largest producer of palladium and nickel, will have to pay a record fine of 146 billion rubles ($1.94 billion) in compensation for a huge fuel spill in the Arctic last May, a Russian court ruled on Friday.
Read MoreGina Rinehart targets EV boom with ‘green’ lithium play
Billionaire Gina Rinehart’s mining empire will help to finance a lithium project in Germany being developed to supply the key ingredient for electric-car batteries needed by Europe’s auto industry.
Read MoreIndonesia receives investment proposal from Tesla: official
SINGAPORE (Reuters) – Indonesia has received an investment proposal from U.S. electric vehicle (EV) maker Tesla, the country’s deputy head for investment and mining coordination, Septian Hario Seto, told reporters on Friday.
Read MoreApple reportedly investing $3.6B in Kia to make EVs
Kia Motors Corp. jumped as much as 14.5% after a local media report that Apple Inc. will invest 4 trillion won ($3.6 billion) as part of a collaboration with the South Korean carmaker on making electric vehicles.
Read MoreSA platinum miners not under pressure to expand amid “supply cliff” rumours
ROYAL Bafokeng Platinum CEO, Steve Phiri, has dismissed concerns over the ability of South African platinum group metals (PGMs) producers to meet future demand for platinum which could soar if there is widespread implementation of the “hydrogen economy”.
Read MoreAmplats to spell out plans for Zimbabwe PGM industry as high prices attract entrants
ANGLO American Platinum (Amplats) is to provide an update on its future involvement in Zimbabwe’s platinum group metal (PGM) industry when it announces its full-year results, scheduled for February 22.
Read More