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Industry News

Sibanye-Stillwater’s Neal Froneman rips into SA failure to showcase country’s resources sector

February 12, 2021 by namoffice

NEAL Froneman, CEO of Sibanye-Stillwater, has delivered among his sternest critiques of the South African government telling BusinessLive, a digital publication, there was no point in showcasing the country’s mining sector unless there was structural change in the business environment.

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Tight supply and hydrogen hopes drive iridium up 160%

February 12, 2021 by namoffice

LONDON (Reuters) – Iridium has become the latest precious metal to undergo a spectacular price rally, after supply shortages and expectations it will be used to produce hydrogen to power a greener economy lifted its value by 160% in two … Read more

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Aspiration versus reality: What lies in store for PGMs over the next decade?

February 11, 2021 by namoffice

The rise in electric vehicle (EV) market share in the car industry may be accelerating as witnessed in the wave of announcements from Volvo, Volkswagen, General Motors, Ford, Nissan, Toyota, Honda, and a host of Chinese auto makers.

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Electric vehicles hit the Super Bowl; The UK’s new green investment bank

February 11, 2021 by namoffice

If you needed more evidence that the sustainability movement has gone mainstream, look no further than this year’s Super Bowl advertisements. During the National Football League’s championship game Feb. 7, Detroit-based automaker General Motors Co. aired a commercial in which … Read more

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PLATINUM BEGINS BIG BREAKOUT RALLY

February 11, 2021 by namoffice

If you were not paying attention, Platinum began to rally much higher over the past 3+ days – initiating a new breakout rally and pushing well above the $1250 level.  What you may not have noticed with this breakout move … Read more

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JP Morgan sees commodity super-cycle already kicking off

February 11, 2021 by namoffice

With agricultural prices soaring, metal prices hitting the highest in years and oil well above $50 a barrel, JPMorgan Chase & Co. is calling it: Commodities appear to have begun a new supercycle of years-long gains.

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U.S. chip industry calls on Biden administration to fund factories

February 11, 2021 by namoffice

(Reuters) – A group of U.S. chip companies on Thursday sent a letter to President Joe Biden urging him to provide “substantial funding for incentives for semiconductor manufacturing” as part of his economic recovery and infrastructure plans.

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Analysis: Investors lukewarm on Tesla’s $1.5 billion bitcoin splurge

February 11, 2021 by namoffice

(Reuters) – Investors in high-flying electric carmaker Tesla Inc are questioning whether Elon Musk’s $1.5 billion outlay into bitcoin will be as good for the company as it has been for the cryptocurrency.

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Volkswagen taps Microsoft’s cloud to develop self-driving software

February 11, 2021 by namoffice

(Reuters) – Volkswagen AG on Thursday said it will use Microsoft Corp’s cloud computing services to help it streamline its software development efforts for self-driving cars.

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EU told 1 million public EV charging stations needed by 2024

February 11, 2021 by namoffice

FRANKFURT (Reuters) – The European Union should set binding targets for one million public charging points for electric vehicles by 2024, and three million by 2029, to give consumers the confidence to switch to the new technology, the region’s car … Read more

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