Industry News

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

Reuters – Tesla Inc shares rose to a record high in the first trading session of 2021, extending last year’s more than eight-fold surge that helped it become the world’s most valuable carmaker.

miningmx.com – Gold hit its highest level in almost two months assisted by a weaker dollar, said Bloomberg News. The metal was trading at $1,924.23 per ounce and at R906,309.93 per kilogram at the time of writing.

Reuters – London – A cold start occurs when frosty weather makes car oil too viscous to circulate properly. The UK government faces similar difficulties revving up its motor industry after Brexit. Though it swerved tariffs through a last-gasp trade … Read more

The Globe and Mail – Billionaire financier and mine builder Robert Friedland is aiming to raise as much as US$230-million to acquire a green energy company as he doubles down on efforts to make money from the global transition away … Read more

Reuters – Seoul – South Korea’s Hyundai Motor Co and affiliate Kia Motors Corp on Monday forecast combined global vehicle sales will jump 11.5% in 2021 after sliding for two consecutive years.

Reuters – Tesla Inc on Saturday reported better-than-expected 2020 vehicle deliveries, driven by a steady rise in electric vehicle adoption, but narrowly missed its ambitious full-year goal during a punishing year for the global auto industry.

Reuters – Frankfurt – German luxury carmaker BMW is planning to step up its production of electric vehicles, Chief Executive Oliver Zipse told German daily Augsburger Allgemeine.