Industry News

Reuters – Tokyo/Detroit – Ford Motor Co, Toyota Motor Corp 7203.T, Fiat Chrysler Automobiles and Nissan Motor Co Ltd said on Friday they would cut vehicle production this month due to a shortage of semiconductors, becoming the latest automakers hit by … Read more

The Globe and Mail – Seoul – Reuters – South Korea’s Hyundai Motor Co. said on Friday it was in early talks with Apple Inc. AAPL-Q +0.86%increase, after local media reported the firms were discussing an electric car and battery tie-up, … Read more

S&P Global – London – Strong palladium demand from the automotive sector in 2021 is central to a recovery of the precious metal, said analysts at UK-based precious metals consultancy Metals Focus.

Miningweekly.com – Johannesburg – The creation of a minimum of 500 fuelling stations to provide hydrogen to mainly trucks powered by platinum-catalysed hydrogen fuel cells is planned by a US company in the next three to five years.

Reuters – Albemarle Corp said on Thursday it will double production at its lithium facility in Silver Peak, Nevada, part of a plan to boost supply for the burgeoning electric vehicle (EV) market.

The Globe and Mail – Canadian electric vehicle producer Lion Electric Co. has landed a second major backer, with Amazon.com Inc. (AMZN-Q -2.15%decrease) securing the right to purchase a 15.8 per cent stake in the company. Montreal-based Lion Electric made a … Read more

Mining.com – Bloomberg – Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet. A 4.8% rally in the electric carmaker’s share price Thursday boosted Musk past Amazon.com Inc. founder Jeff Bezos … Read more

Metals Focus – The precious metals complex started 2021 on a positive note: gold, silver and palladium prices have returned to levels last seen in Q4.20, while platinum has hit fresh four-year highs…

The Globe and Mail – The sale of electric cars in Norway overtook those powered by petrol, diesel and hybrid engines last year, with German automaker Volkswagen AG replacing Tesla Inc. as the top battery-vehicle producer, new data showed on … Read more

Reuters – Increased demand for new vehicles during the COVID-19 pandemic helped General Motors Co and other automakers report strong fourth-quarter U.S. sales on Tuesday, and executives voiced optimism the rebound from low sales during the April-May production shutdown will … Read more