Industry News

BRUSSELS/LONDON (Reuters) – An EU plan for a fifty-fold increase in electric cars this decade to help cut greenhouse gas emissions will require an 80 billion euro…

JOHANNESBURG (Reuters) – Ford Motor Co will invest $1.05 billion in its South African manufacturing operations, including upgrades to expand production of its Ranger pickup truck, the U.S. automaker said on Tuesday.

Heraeus – Covid infections are rising sharply in South Africa. The government tightened restrictions in late December to Level 3, aiming to balance keeping the economy open (limiting business closures) while reducing transmission. The concern is that mines will be … Read more

Miningweekly.com – Reuters – Outgoing US President Donald Trump’s administration is moving to loosen mining regulations and green light new mineral projects before leaving office this month, with successor Joe Biden unable to reverse some of the changes.

MiningTechnology – Mining major BHP and Toyota have collaborated to trial light electric vehicles (LEV) at the Nickel West operations in Western Australia (WA). Nickel West is BHP’s fully integrated mine-to-market nickel business.

Reuters – Santiago – Chilean regulators have threatened Albemarle Corp with legal action, demanding that by week´s end the world´s top lithium miner present a plan for turning over data on its reserves of the ultralight battery metal, according to … Read more

Reuters – New York – Deutsche Bank AG will pay nearly $125 million to avoid U.S. prosecution on charges it engaged in foreign bribery schemes and manipulated precious metals markets, the latest blow for the bank as it tries to … Read more

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.