namoffice

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.

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.

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.

JAKARTA (Reuters) – Indonesia will no longer permit mining waste to be disposed in the ocean to allay concerns about the environmental impact of processing nickel used in electric vehicle (EV) batteries, a government official and a corporate mining source … Read more

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.

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.

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”.

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.

LONDON (Reuters) – Sales of electric and plug-in hybrid cars in the European Union almost trebled to over 1 million vehicles last year, accounting for more than 10% of overall sales, data showed on Thursday.