Industry News

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Foreign mineworkers return to South African mines after lockdown

July 9 2020 -JOHANNESBURG (Reuters) - Foreign mineworkers have begun returning to South African mines, though at a slower rate than hoped, as the industry rebuilds output after the easing of the coronavirus lockdown, the Minerals Council said on Thursday.

China’s new energy passenger car sales rose 25% in June: CPCA

July 9 2020 - China’s sales of new energy passenger cars increased 25% month on month to 83,000 units in June, according to data from the China Passenger Car Association (CPCA) released on Thursday.

Tesla 'very close' to level 5 autonomous driving technology, Musk says

July 9 2020 -SHANGHAI/BEIJING (Reuters) - U.S. electric vehicle maker Tesla Inc (TSLA.O) is “very close” to achieving level 5 autonomous driving technology, Chief Executive Elon Musk said on Thursday, referring to the capability to navigate roads without any driver input.

Energy industry veterans to launch hydrogen investment fund

July 9 2020 -LONDON (Reuters) - Two energy industry veterans plan to launch an investment fund focused on hydrogen this year as more and more governments include the niche fuel in their global warming battle plans.

Six electric pickups expected to make it to market

July 8 2020 -Several new automakers are vying to grab a share of a potentially lucrative market for all-electric trucks.

Europe maps out green hydrogen vision on path to net-zero

July 8 2020 -BRUSSELS (Reuters) - The European Commission on Wednesday mapped out its vision to promote renewable hydrogen, a sector expected to lure up to 470 billion euros ($530.72 billion) in investment as the European Union strives for net zero emissions by 2050.

Tesla China sold 14,954 Model 3 vehicles in June, up 35% on the month

July 8 2020 -BEIJING (Reuters) - U.S. electric vehicle maker Tesla Inc (TSLA.O) sold 14,954 Shanghai-made Model 3 vehicles in China in June, up 35% month-on-month, according to the China Passenger Car Association (CPCA).

China’s June passenger car sales fall 6.5 per cent year on year: report

July 8 2020 -China’s passenger car sales in June fell 6.5 per cent year on year to 1.68 million units, the China Passenger Car Association (CPCA) said on Wednesday.

EU to boost green hydrogen use for decarbonisation, focus on energy efficiency

July 8 2020 -BRUSSELS (Reuters) - The European Commission on Wednesday unveiled a strategy to scale up renewable hydrogen projects across polluting sectors from chemicals to steel and push for clean fuels and energy efficiency to meet the EU’s net-zero emissions goal by 2050.

Russia's Nornickel disputes $2 billion Arctic spill damages claim

July 8 2020 -MOSCOW (Reuters) - Russian mining giant Norilsk Nickel (Nornickel) is disputing more than $2 billion in damages after a fuel spill which Russia’s environmental watchdog has said threatens unprecedented damage to the Arctic.

What does a hard hit energy sector mean for platinum demand?

July 7 2020 - Last week, Royal Dutch Shell warned that it will slash the value of its oil and gas assets by up to $22bn after the coronavirus crisis hit demand for fuel and weakened the outlook for energy prices.

Gates, Bezos-backed firm searching for cobalt in Canada

July 7 2020 - KoBold Metals, a start-up backed by a coalition of billionaires led by Bill Gates, plans to scour for cobalt in Canada using advanced mapping technology and it’s targeting northern Quebec, just south of Glencore’s Raglan nickel mine.

Electric vehicles are starting to buoy the global metals market

July 7 2020 - The market gloom over the metals that will power the cars of the future is starting to lift.

SA platinum group metal miners bearing the brunt of COVID-19 fatalities

July 7 2020 - MORE than half of the 18 South African mineworkers known to have died owing to COVID-19 disease have been in the country’s platinum sector, said Fin24 citing data from the Minerals Council South Africa.

Arctic diesel spill caused $2 billion damage, Russia says

July 6 2020 - Russia’s ecological watchdog said the diesel spill from a tank owned by MMC Norilsk Nickel PJSC in May caused 148 billion rubles ($2 billion) of damage in the Arctic.

COVID-19: Miners fight back virus outbreaks

July 6 2020 -Several months after the pandemic disrupted mining operations worldwide with suspensions, travel restrictions and new protocols, the novel coronavirus continues to cause new disruptions.

U.S. Supreme Court deals blow to Keystone oil pipeline project

July 7 2020 -The U.S. Supreme Court handed another setback to the Keystone XL oil sands pipeline from Canada on Monday by keeping in place a lower court ruling that blocked a key environmental permit for the project.

Natural gas sector eyes a government alliance on national hydrogen strategy

July 7 2020 -Canada’s natural gas sector wants federal and provincial governments and industry to form an alliance as Ottawa develops a national hydrogen strategy, saying co-operation is vital to harness the full economic potential of the energy source.

South Africa has bad record on keeping budget promises - Fitch

July 7 2020 -JOHANNESBURG, July 7 (Reuters) - South Africa has a poor track record of implementing debt and spending reductions plans, ratings firm Fitch said on Tuesday, adding that consolidation plans announced in last months supplementary would be difficult to implement due to low growth.

Fast and furious: rhodium outperforms in H1 with market tightening in H2

July 5 2020 - Rhodium outperformed the other PGMs in the first half of the year, climbing 126% to a record high of $14,150/oz in March.

COVID-19 exposes the fault lines of inequality in South Africa

July 5 2020 -When the coronavirus arrived in South Africa, it was an illness of the affluent. The first recorded COVID-19 case, the country’s patient zero, was a 38-year-old businessman from a wealthy rural town who had been on a skiing holiday in northern Italy. He quickly recovered.

Chaos in gold markets ripples to other precious metals

July 3 2020 - The chaos that engulfed the gold market in March as the global pandemic choked off physical trading routes is rippling through other precious metals, resulting in price dislocations and a surge in exchange inventories for silver and platinum.

Lithium: Some producers anticipate a COVID-19 related 50% YoY drop in Q2 lithium sales prices and volumes

July 3 2020 - Lithium producers continue to be squeezed by weakening prices as the market weathers lower than anticipated EV demand and material oversupply from hard rock mines in Australia.

Pandemic helps Russia tighten its grip on palladium

July 2 2020 - As the coronavirus pandemic pummeled demand from key customers in the auto industry, Russia’s biggest mining company quietly tightened its grip on the palladium market.

Climate battles are moving into the courtroom, and lawyers are getting creative

July 2 2020 -LONDON/WASHINGTON/GENEVA (Reuters) - Climate change may be having its day in court.

Tesla asked to report on human rights amid cobalt deal with Glencore

July 2 2020 - Electric vehicle behemoth Tesla Inc. is facing renewed pressure to disclose its methods for tracking potential human rights issues in its supply chain following a recently reported cobalt supply deal with Glencore PLC.

Tesla beats second-quarter vehicle delivery estimates, despite coronavirus shutdowns

July 2 2020 -Tesla Inc beat Wall Street estimates for second-quarter vehicle deliveries on Thursday even as the electric-car maker’s main factory in Fremont, Calif., was shut down due to the coronavirus-related curbs, sending its shares up 9 per cent.

Automakers laud U.S. consumer 'resilience' despite COVID-19 hit to sales

July 1 2020 -(Reuters) - Major automakers posted lower U.S. monthly or quarterly new vehicle sales on Wednesday due in large part to weak fleet orders, but said consumer demand remained robust despite the ongoing coronavirus pandemic.

China heavy trucks sales jumped 59%YoY in June

July 1 2020 - SHANGHAI, Jul 2 (SMM) – About 165,000 heavy trucks are estimated to have been sold in China last month, marking the highest for the month of June on record, cvworld.cn. reported on Wednesday.

Britain’s accelerating transition to electric cars

June 30 2020 - Britain’s transition from petroleum to electricity in road transport is accelerating, albeit from a low base, and will start to have a significant impact on oil consumption towards the end of the decade.

Hydrogen to fuel giant mining trucks in green shift by Anglo

July 1 2020 - Anglo American Plc is advancing plans to convert its fleet of giant diesel-fueled mine trucks to hydrogen power as the company seeks to burnish its green credentials.

Automakers rev up discounts to beat coronavirus sales blues

June 29 2020 -(Reuters) - In the midst of a raging pandemic, Belal Bilto, 26, a sales executive and a Manhattan resident bought a midsize pickup Jeep Gladiator this month for just over $48,000, lured by a discount of about $5,000 on the list price and a seven-year, no-interest loan.

Emission Rules and Infrastructure Demand Drive China's Robust Heavy-Truck Market

June 29 2020 - Fitch Ratings-Hong Kong/Shanghai-29 June 2020: China's heavy-duty truck (HDT) unit sales are likely to edge up to around 1.2 million in 2020, extending the strong policy-driven cycle that started in late 2016, says Fitch Ratings.

Slumping fleet sales weigh on U.S. auto market

June 30 2020 - (Reuters) - Collapsing demand from rental car companies, corporations and government agencies has sapped U.S. auto sales during the coronavirus pandemic and a recovery will likely be slow, threatening auto workers whose jobs depend on fleet sales.

Could the ‘Norilsk Disaster’ Be the Harbinger of a Looming Catastrophe in the Russian Arctic? (Part One)

June 29 2020 - On May 29, the Norilsk-based CHPP-3 combined heat and power plant, owned by the Norilsk-Taimyr Energy Company (a member of the Norilsk Nickel Group conglomerate), suffered the loss of a diesel fuel tank, resulting in a spill of approximately 21,000 tons of fuel.

Tesla's Musk calls on workers to help company break even in second quarter

June 29 2020 - (Reuters) - Tesla Inc (TSLA.O) chief Elon Musk in an internal email called on employees to work hard to allow the electric car maker to break even in the second quarter despite the coronavirus pandemic.

Implats narrows guidance as ramp-up exceeds expectations

June 29 2020 - Impala Platinum has lifted force majeure and narrowed its revised production guidance as the ramp-up at its operations following COVID-19 restrictions surpassed expectations.

Precious metal prices vulnerable to further declines

June 29 2020 - PGM and precious metal prices tend to reach their highest levels in the run-up to a recession and then fall during the recession.

Ford, VW will stay neutral on challenges to Trump vehicle emissions rule: document

June 26 2020 - WASHINGTON (Reuters) - Four major automakers will not take a position on legal challenges to the Trump administration’s decision to dramatically weaken Obama-era fuel economy standards but want to weigh in on any court fix, according to a document seen by Reuters.

BMO trims full-year price PGM price forecasts, maintains gold, silver outlooks

June 25 2020 - (Kitco News) - BMO Capital Markets lowered its forecasts for average prices of platinum group metals during 2020, although the bank looks for a rebound from current prices into year-end.

Virus-hit South African miners battle to return workers

June 25 2020 - South Africa’s platinum and gold mines are facing delays in bringing back thousands of key migrant workers from neighboring countries, hobbling their efforts to ramp up output after a coronavirus lockdown.

Despite COVID-19, China doubles platinum purchases in Q1

June 25 2020 - (Kitco News) - Platinum purchases more than doubled in Q1 according to an interview with Weibin Deng, the World Platinum Invdestment Council’s Regional Head, Asia Pacific.

Electric vehicle startup to unveil truck at former GM Ohio auto plant

June 25 2020 - WASHINGTON (Reuters) - Lordstown Motors Corp will show off its planned electric pickup truck at an event on Thursday as the startup seeks to begin producing vehicles at a former General Motors factory in northeast Ohio.

South Africa faces its worst economic slump in 90 years as debt crisis looms

June 25 2020 -South Africa, suffering its worst economic slump in nearly 90 years, will soon face a sovereign debt crisis of “devastating” proportions if it doesn’t take urgent action to cut costs, its Finance Minister says.

Americans split along party lines over green stimulus: Reuters/Ipsos poll

June 25 2020 - WASHINGTON (Reuters) - Americans are split along party lines over whether federal stimulus programs to boost the U.S. economy during the COVID-19 pandemic should prioritize clean energy businesses, according to a survey published by Reuters/Ipsos on Thursday.

Chile's lithium miners consume 65% of region's water

June 24 2020 - The social license for battery material producers is challenged by water depletion, toxic dust and worker exploitation, according to a report released Wednesday by the United Nations Conference on Trade and Development.

South Africa’s mines record six COVID-19 deaths, 1,796 cases

June 25 2020 -South Africa’s mining industry has recorded 1,796 cases of COVID-19 with six deaths, the Minerals Council said on Thursday as mines ramp up after an extended shutdown.

CAAM: China's auto sales to fall 10%-20% in 2020

June 23 2020 - This is an improvement from the industry body’s previous estimate of a decline of 15% to 25%, following signs of recovery from the coronavirus pandemic.

Eskom warns of load-shedding as unplanned breakdowns strike at four units

June 23 2020 - ESKOM told South Africans to prepare for the possibility of renewed load-shedding today following unexpected breakdowns of its fleet.

Tesla’s reluctant commitment to cobalt a warning to others

June 23 2020 -The unpredictable Elon Musk strikes again.

South Korea's Hyundai Motor, LG Chem considering EV battery JV in Indonesia: source

June 22 2020 - SEOUL (Reuters) - Hyundai Motor Group and LG Chem Ltd (051910.KS) are considering establishing an electric vehicle (EV) battery manufacturing joint venture in Indonesia, a person familiar with the matter told Reuters on Tuesday.

Will BEV subsidies push Pd-rich ICEs onto thin ice?

June 22 2020 - Europe’s gasoline car market share has been growing over the past five years, accounting for 58.9% of new cars registered last year (source: ACEA), partly at the expense of a shrinking diesel market.

China eases green rules for petrol-electric hybrids, giving makers space to manoeuvre

June 21 2020 - BEIJING (Reuters) - China re-classified petrol-electric hybrid vehicles on Monday so they get more favourable treatment than all-petrol or diesel counterparts under new clean car rules, making it easier for automakers to meet environment quotas and offer more choice.

Before Canada bets big on hydrogen, or other clean technologies, it’s gut check time

June 19 2020 -Hydrogen is so hot right now.

Tesla wants to start building a new U.S. vehicle plant this summer

June 18 2020 - DETROIT (Reuters) - Electric vehicle maker Tesla Inc (TSLA.O) wants to start building a large vehicle assembly plant in the southwestern United States as early as the third quarter of this year, the company told Texas officials in documents made public this week.

Tesla kills three birds with one Congolese stone

June 18 2020 - Elon Musk is giving his rivals the heavy metal blues.

Exclusive: EU must engage in lithium standards or lose to China, EU's Breton says

June 18 2020 - BRUSSELS (Reuters) - EU industry chief Thierry Breton has urged EU governments to be more active in setting global standards for ultralight battery metal lithium, key to many strategic industries and electric cars, or cede technological advantage to China.

Ford to offer hands-free driving in 2021 - six years after Tesla

June 18 2020 - (Reuters) - Ford Motor Co (F.N) said on Thursday that it will offer hands-free driving on its new Mustang Mach-E in fall 2021, six years after Tesla Inc (TSLA.O) and four years after General Motors Co (GM.N) introduced similar systems.

Automakers rev up U.S. assembly lines, wary of outside risks to workers

June 18 2020 - DETROIT (Reuters) - Automakers are speeding up U.S. assembly lines to meet recovering demand, increasingly confident coronavirus safety protocols are working to prevent outbreaks in their plants but wary of the challenges workers face outside.

Amplats will take a year to work through inventory as it embarks on slow recovery

June 18 2020 - ANGLO American Platinum (Amplats) said an inventory build-up related to the failure of its processing facilities in Rustenburg could take the best part of a year to clear.

Coronavirus raises stakes as auto unions ready for a fight

June 18 2020 - PARIS/FRANKFURT (Reuters) - The coronavirus crisis has forced carmakers to speed up layoffs that must be matched with hefty payouts and deft negotiation to retain the support of powerful trade unions vital if Europe’s auto industry is to manage a shift to low-emission vehicles.

Ford's redesigned F-150 pickup will offer greater connectivity, sleeper seat

June 18 2020 - DETROIT (Reuters) - Ford Motor Co (F.N) next week will show the next generation of its brawny F-150 pickup truck that offers a new sleeper-seat feature and over-the-air software updates in a machine Ford is counting on to help pay off coronavirus-related debts.

Tesla strikes deal to buy cobalt from Glencore for EV plants

June 16 2020 - Tesla Inc. will buy cobalt from from Glencore Plc, the world’s biggest miner of the metal, as the carmaker looks to avoid a future supply squeeze on the key battery metal, a person familiar with the matter said.

Implats rules shareholder returns more important than greenfields Waterberg JV project

June 17 2020 - IMPALA Platinum (Implats) confirmed its intention not to take a majority position in the Waterberg JV project saying that shareholder returns and a strong balance sheet were its priorities over development of a new mine.

Ottawa, Alberta develop new hydrogen strategies

June 14 2020 -The federal government says it will have a comprehensive strategy for hydrogen in place by the end of the summer, signalling Ottawa’s intention to pursue the fuel source as a key component of its goal to reach net zero in greenhouse-gas emissions by 2050.

Tesla's China car registrations up 150% month on month in May

June 15 2020 - BEIJING (Reuters) - U.S. electric vehicle maker Tesla Inc’s China car registrations in May jumped 150% month on month, data from auto consultancy LMC Automotive showed.

Fuel spill in Siberia to cost Nornickel over $150 million

June 14 2020 - Clean-up costs for the fuel spill that took place in late May at Nornickel’s Heat and Power Plant № 3 near Norilsk, in north-central Russia, add up to $150 million, according to information released by the company this week.

Charging points surge ahead of electric car boom

June 15 2020 - FRANKFURT (Reuters) - The number of publicly accessible charging points for electric vehicles (EV) jumped 60% in 2019, the biggest increase in three years and outpacing sales of battery-powered cars, according to the International Energy Agency (IEA).

Battery-grade nickel supply will suffer as major nickel discoveries slump

June 12 2020 - Our analysis of nickel discoveries has identified 50 major discoveries made from 1990 to 2019, containing 96.4 million tonnes of nickel in oxide and sulfide deposits.

Umicore update on covid-19 impact and current trading

June 15 2020 - Umicore’s priority is the health and safety of its employees.

South Africa mining output drops most in 39 years

June 11 2020 - South African mining output dropped the most since at least 1981 in April, when the first full month of restrictions to curb the spread of the coronavirus pandemic brought almost all economic activity to a halt.

Ford Says Electric Pickup & Van Coming “In 24 Months”

June 11 2020 - Ford COO Jim Farley said in an interview on CNBC’s Squawk On The Street show this week that the company’s first electric pickup truck and its first electric cargo van will be on sale by “mid-2022.”

VW says deliveries of ID.3 electric car to start in September

June 10 2020 - FRANKFURT, June 10 (Reuters) - Volkswagen on Wednesday said its "first edition" ID.3 electric car will go on sale for under 40,000 euros ($45,484.00) next week, with deliveries due from September, as the German carmaker embarks on a mass production push for zero-emission cars.

Why we’re overweighting renewable energy

June 11 2020 - It may not feel like it, but West Texas Intermediate (WTI) oil just posted its best month on record.

Despite pandemic, new U.S. solar capacity will grow 33% in 2020

June 11 2020 - (Reuters) - New U.S. solar installations will increase by a third this year, a report published on Thursday showed, as soaring demand by utilities for carbon-free power more than outweighs a dramatic decline in rooftop system orders for homes and businesses due to the coronavirus pandemic.

Johnson Matthey halves dividend and axes jobs as virus hits demand

June 11 2020 - LONDON (Reuters) - Chemicals maker Johnson Matthey (JMAT.L) halved its dividend on Thursday and said it would cut nearly a fifth of its workforce as the coronavirus pandemic hits demand for its car pollution filters.

Nikola in talks with automakers for Badger pickup truck production: founder

June 10 2020 - (Reuters) - Nikola Corp NKLA.O, a maker of hydrogen-fueled vehicles, is in the process of picking a partner to produce its Badger pickup truck, while also aiming to start deliveries of its electric commercial big rigs next year, founder Trevor Milton said on Wednesday.

Nikola in talks with automakers for Badger pickup truck production: founder

June 10 2020 - (Reuters) - Nikola Corp NKLA.O, a maker of hydrogen-fueled vehicles, is in the process of picking a partner to produce its Badger pickup truck, while also aiming to start deliveries of its electric commercial big rigs next year, founder Trevor Milton said on Wednesday.

South Africa's Implats chairman to retire in October

June 10 2020 - South Africa’s Impala Platinum (Implats) said on Wednesday Chairman Mandla Gantsho would retire upon the conclusion of the miner’s annual general meeting scheduled on Oct. 14.

Do European automotive incentives mean a cold start for PGMs?

April 15 2020 - The 2009 automotive incentives schemes in Europe offered several benefits

Palladium prices to remain well above platinum - Commerzbank

June 9 2020 - (Kitco News) - Platinum and palladium prices should both strengthen, although palladium will remain far more expensive than its sister metal, Commerzbank said Tuesday in an updated forecast for platinum group metals.

Carmakers must overhaul production plans to hit climate goals: report

June 10 2020 - LONDON (Reuters) - The world’s 14 biggest carmakers are on course to miss globally agreed climate targets, a leading sustainable finance think tank said on Wednesday, urging investors to do more to pressure boards to change their production plans.

Tesla to start volume production of Semi trucks

June 10 2020 -Tesla Inc’s chief executive Elon Musk said that it is time to bring its Semi commercial truck to “volume production,” as the U.S. electric vehicle maker ramps up vehicle production after a brief virus-related shutdown.

BloombergNEF forecasts 18% drop in EV sales

June 5 2020 - BloombergNEF, the primary research service for Bloomberg, is forecasting an 18% drop in electric vehicle (EV) sales this year due to disruptions to battery metals supply chains from the COVID-19 pandemic.

Bargain-conscious Americans lift used-car sales in the coronavirus economy

June 5 2020 - NAPERVILLE, Ill. (Reuters) - At the height of the coronavirus pandemic in mid-April, used-car dealer Alex Tovstanovsky had vehicles jammed six rows deep on his lot in the western Chicago suburb of Naperville.

Implats cash neutral “at worst” as inventory, rand and robust rhodium save the day

June 5 2020 - IMPALA Platinum’s (Implats’) mining operations would be at least cash neutral owing to the double benefit of a weaker rand and robust dollar prices for its metals – palladium and rhodium in particular, said the group’s CEO, Nico Muller.

Li-ion battery demand to grow tenfold by 2029 – report

June 4 2020 - A new report by Roskill finds that lithium-ion battery demand is expected to increase more than ten-fold by 20‌29, reaching in excess of 1,8‌00GWh capacity.

Trump orders US government to streamline permitting, citing 'economic crisis'

June 4 2020 - President Donald Trump issued a sweeping executive order June 4 instructing agencies to do everything they can to streamline federal permitting of infrastructure projects in light of the economic havoc wrought by the coronavirus pandemic.

German auto stimulus to boost Volkswagen's electric push

June 4 2020 - BERLIN/FRANKFURT (Reuters) - Germany unveiled sweeping incentives for cheap electric cars and for hybrid vehicles, providing a boost to...

Exclusive: GM plans electric van for business users in bid to pre-empt Tesla

June 4 2020 - DETROIT (Reuters) - General Motors Co is developing an electric van aimed at business users, joining a growing list of carmakers planning EVs for the...

Germany forces all petrol stations to provide electric car charging

June 4 2020 - FRANKFURT (Reuters) - Germany said it will oblige all petrol stations to offer electric car charging as part of a sweeping 130 billion euro ($146.26 billion) economic recovery plan, boosting electric vehicle demand which has been hampered by consumer concerns over refuelling.

Amplats shuts PGM unit after water leak

June 3 2020 - Anglo American Platinum has shut down its Phase B unit of the Anglo Converter Plant in Rustenburg after a water leak in the high-pressure cooling section detected on Sunday.

Amplats news, Chinese car demand could boost PGM prices

June 4 2020 - The combination of another supply disruption in South Africa and improving Chinese auto sales bode well for prices of platinum group metals, said BMO Capital Markets.

PGM sector’s great unknown is whether Govt’s will grasp the nettle on environment post-COVID-19

June 4 2020 - SOUTH Africans may not have enjoyed their personal liberty becoming subject to Government diktat, but at least the air smelled sweeter.

Red tape thwarts South Africa's green energy potential

June 4 2020 - JOHANNESBURG - World-leading renewables companies are lining up to invest in South Africa’s energy sector and help remedy a.../p>

GM should emerge from pandemic with permanently lower costs: CEO

June 2 2020 - DETROIT (Reuters) - General Motors Co (GM.N) should emerge from the coronavirus pandemic with a permanently reduced cost base after it scrambled to reduce its cash burn to withstand a.../p>

China auto sales growth seen for second straight month, boosting recovery hopes

June 2 2020 - BEIJING (Reuters) - China’s vehicle sales are estimated to rise 11.7% on year in May, its top auto industry body said on Tuesday, cementing hopes of a recovery in the world’s biggest auto market with the first back to back monthly sales increase in about two years.

Buffett-backed BYD to supply EV batteries to Ford

June 1 2020 - BEIJING (Reuters) - Chinese electric vehicle (EV) maker BYD Co Ltd (002594.SZ), (1211.HK) will supply EV batteries to U.S. automaker Ford Motor Co (F.N), a document on the website of the Ministry of Industry and Information Technology showed on Monday.

GM to increase North America vehicle production

May 28 2020 - (Reuters) - General Motors (GM.N) said on Thursday it would start increasing vehicle production in North America from next week to meet rising demand.

Albemarle seeks full control of Greenbushes mine

May 28 2020 - Albemarle Corp said on Thursday it wants to take control of Australia’s Greenbushes, the world’s largest lithium mine, signaling it intends to block any rival from buying Tianqi Lithium Corp’s controlling stake.

Deferred expansion plans fuel prospect of lithium price spike after 2022

May 28 2020 - LONDON (Reuters) - Shelved expansion plans for lithium projects due to collapsing demand for the material used to make electric vehicle batteries leaves the market facing a price spike after a couple of years when shortages start to emerge.

UPDATE 1-South African state asset manager proposes converting Eskom bonds into equity - chairman

May 28 2020 - JOHANNESBURG, May 28 (Reuters) - South African state asset manager the Public Investment Corporation (PIC) has submitted a proposal to government on converting bonds it holds in struggling state utility Eskom into equity, PIC chairman Reuel Khoza told Reuters in an interview.

South Africa’s deep mines grapple with thousands returning to work

May 27 2020 - When South African miners are allowed to recall all their workers as lockdown restrictions ease further, full production will remain elusive as the pandemic upends operating practices.

Platinum giant to enter battery space in ‘due course'

May 27 2020 - Despite the rise of electric vehicles, platinum group metals still have a good 10 years in front of them, and an entry by the world’s largest primary producer of platinum, Sibanye-Stillwater, into the battery space is planned in “due course,” said CEO Neal Froneman.

Lithium producers must wait as covid slows EV revolution

May 26 2020 - The coronavirus pandemic has paused the electric vehicle revolution, forcing producers of battery metal lithium into survival mode with output cuts, expansion delays and sales of major assets.

Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources

May 27 2020 - HONG KONG/FRANKFURT (Reuters) - Volkswagen AG (VOWG_p.DE) is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates...

SA’s underground mining embarks on extraordinary game of cat and mouse with COVID-19

May 27 2020 - THE recent closures of AngloGold Ashanti’s Mponeng mine and Marula, the platinum mine controlled by Impala Platinum (Implats), following clusters of COVID-19 disease detection might well typify the mining industry’s next three months.

Pandemic to cut S.Africa’s mining output by 8-10%

May 26 2020 - South Africa’s mining production is likely to fall by between 8% and 10% this year due to the covid-19 pandemic, the CEO of industry body the Minerals Council said on Tuesday.

Automotive: How regulation will determine what EV scenario develops after Covid-19

May 26 2020 - The EU Commission is considering a further strengthening of its support for clean transportation as part of the “green recovery plan” after the Covid-19 crisis.

New emissions blow for VW as German court backs damages claims

May 25 2020 - KARLSRUHE, Germany (Reuters) - Volkswagen (VOWG_p.DE) must pay compensation to owners of vehicles with rigged diesel engines in Germany, a court ruled on Monday, dealing a fresh blow to the automaker almost five years after its emissions scandal erupted.

High price incites quick cash-for-gold scrap sales

May 25 2020 - The COVID-19 pandemic has severely impacted gold jewellery demand in Asian markets.

Tharisa CEO praises SA's pandemic response

May 25 2020 - The CEO of South Africa-focused Tharisa Mining has praised Pretoria's response to COVID-19, and suggested mining operations will continue to be prioritised as the pandemic unfolds.

Automaker trade backs U.S. on effort to weaken fuel efficiency rules

May 22 2020 - WASHINGTON (Reuters) - A group representing many major automakers on Friday backed the Trump administration’s decision to weaken Obama administration fuel efficiency standards but said it opposed further reductions in requirements.

Chinese commodities slump as Beijing ditches growth target

May 22 2020 - SHANGHAI (Reuters) - China’s commodities markets fell after it said it would drop its annual growth target and impose national security laws in Hong Kong at this year’s meeting of parliament.

European Commission working on sustainable battery rules

May 21 2020 - A recent report by S&P Global Platts highlights that the European Commission plans to propose EU sustainable battery rules by October.

South Africa scientists say up to 50,000 COVID-19 deaths possible

May 21 2020 - JOHANNESBURG (Reuters) - South Africa could see up to 50,000 coronavirus deaths and as many as 3 million infections by the end of the year as the southern hemisphere winter leads to a higher rate of infection, scientific models showed on Thursday.

While U.S. economy slides, heartland auto dealers cry out for more trucks

May 21 2020 - URBANDALE, Iowa (Reuters) - Jerry Bill is worried the novel coronavirus could hurt business at the Des Moines auto dealership he runs, but not because of a shortage of buyers for the big Ram pickups on his lot.

Ford shuts down two U.S. assembly plants

May 20 2020 -Ford Motor Co. on Wednesday closed two U.S. assembly plants as the coronavirus pandemic wreaked early havoc with the No. 2 U.S. automaker’s plan to restart North American production and begin making its most profitable vehicles again.

GM says it is 'almost there' on million-mile electric vehicle battery

May 19 2020 - (Reuters) - General Motors Co is “almost there” on developing an electric vehicle battery that will last one million miles, a top executive said on Tuesday.

Past its peak? Battered oil demand faces threat from electric vehicles

May 19 2020 - LONDON (Reuters) - Oil companies may be facing uncertainty as the coronavirus pandemic triggers a collapse in demand for their products, but auto makers are betting the crisis will help accelerate an electric future.

U.S. overtakes China as most attractive country for renewables investment: research

May 19 2020 - LONDON (Reuters) - The United States has overtaken China as the most attractive country in the world for renewables investment and...

Lithium: Chinese cathode manufacturers hit hard by coronavirus in Q1

May 18 2020 - Major Chinese cathode manufacturers have been impacted heavily in Q1 amidst disruption caused by the COVID19 pandemic.

South Africa’s Impala closes platinum mine due to coronavirus cases

May 17 2020 - South Africa’s Impala Platinum said on Saturday it would temporarily close its Marula mine after detecting 19 coronavirus cases among workers reporting back for duty at the site in northern Limpopo province.

Eskom considers delaying closure of three coal-fired plants

May 15 2020 - Eskom Holdings SOC Ltd., South Africa’s state-owned power utility, is considering delaying the closure of three of its oldest coal-fired power plants by several years to maintain generation capacity.

As battery costs plummet, lithium-ion innovation hits limits, experts say

May 14 2020 - Mainstream lithium-ion batteries, now driving a rapidly expanding market for electric vehicles, were a pricey proposition just a decade ago.

METALS-Copper under pressure despite China factory rebound

May 15 2020 - LONDON, May 15 (Reuters) - Copper prices fell on Friday and were set for a weekly loss as rising stockpiles and dire economic data around the world hammered home fears that demand will remain weak despite a rebound in Chinese factory activity.

COVID-19 impacts to metals prices - The end of the beginning

May 11 2020 - With the COVID-19 pandemic entering its third month, we have reduced our metals price forecasts in April as the fallout from the pandemic intensifies.

China's Tianqi Lithium talking to banks about easing loan terms

May 15 2020 - BEIJING (Reuters) - China’s Tianqi Lithium, one of the world’s top lithium producers, said on Friday it was talking to banks about adjusting the terms of its debt as a key repayment on a loan looms and the lithium market tanks.

Platinum giant says lockdown in South Africa risks killing mines

May 13 2020 - President Cyril Ramaphosa must allow South Africa’s mines to run at full capacity as a national coronavirus lockdown risks crippling the industry, according to Sibanye Stillwater Ltd.

Exclusive: Tesla's secret batteries aim to rework the math for electric cars and the grid

May 14 2020 - (Reuters) - Electric car maker Tesla Inc (TSLA.O) plans to introduce a new low-cost, long-life battery in its Model 3 sedan in China later this year....

Which metals will gain most from a green energy revolution?

May 14 2020 -If the world is serious about reducing global warming, it’s going to need a lot of minerals and metals.

How Tesla tapped a tiny Canadian lab for battery breakthroughs

May 14 2020 - (Reuters) - Tesla Inc (TSLA.O) is a leader in electric vehicle battery technology, but the company doesn’t do all its own research.

Hydrogen gaining increasing levels of interest – AP Ventures

May 13 2020 - JOHANNESBURG (miningweekly.com) – Hydrogen and the applications that it can enable are gaining increasing levels of interest and traction, says AP Ventures LLP.

SA economy has been tipped into disaster, says Sibanye-Stillwater CEO, Neal Froneman

May 13 2020 - A DIVIDED government meant South African president, Cyril Ramaphosa, was unable to lead the country effectively out of the COVID-19 pandemic – a predicament that had tipped the country’s economy into disaster.

World’s largest wealth fund blacklists Glencore, other giants over coal use

May 13 2020 - Norway’s $1 trillion wealth fund is excluding some of the world’s biggest commodities firms from its portfolio, including Glencore and Anglo American , because of their use and production of coal.

Brazil miner Vale to spend $2 billion to cut carbon emissions 33% by 2030

May 12 2020 - RIO DE JANEIRO (Reuters) - Brazilian miner Vale SA (VALE3.SA) plans to spend at least $2 billion to cut both its direct and indirect carbon emissions by 33% by 2030, Chief Executive Eduardo Bartolomeo told Reuters on Tuesday.

EVs to blossom in post-COVID landscape: Gerard Reid

May 07 2020 - A post-COVID world will see governments across the world invest heavily in electrifying transport networks in a bid to boost economic growth and retain the high air quality seen during lockdown...

Carmakers urged to invest in mines to avoid battery metal pinch

May 11 2020 - Mine developers scrambling to fund projects to meet forecast demand for battery metals see the threat of looming supply crunches as a trigger for electric-vehicle makers to step in with investments.

Sibanye Stillwater first-quarter earnings surge on strong metal prices

May 12 2020 - (Reuters) - Platinum producer Sibanye Stillwater SSWJ.J on Tuesday posted a sharp rise in first-quarter core earnings, benefiting from higher metal prices and robust output from its South Africa and U.S. operations.

BAML sees platinum, palladium deficit this year as South Africa production losses bite

May 08 2020 - JOHANNESBURG — There is likely to be a deficit of platinum and palladium this year after a COVID-19 lockdown in South Africa, the world’s biggest platinum producer, forced mines to shut, analysts at Bank of America Merrill Lynch predicted on Friday.

CHART: China’s grip on battery metals supply chain

May 08 2020 - The back story on how China came to dominate the lithium-ion battery to electric vehicle (EV) supply chain by building capacity in...

South Africa's Eskom to fix design flaws at Medupi, Kusile coal plants

May 11 2020 - JOHANNESBURG (Reuters) - South African state utility Eskom plans to correct design defects throughout its mammoth Medupi and Kusile coal-fired power stations, it said on Monday, after completing modifications on one of the plants’ units.

Quebec lithium mine's bankruptcy flags Canadian market obstacles, analysts say

May 8 2020 - In Nemaska Lithium Inc.'s failure to launch a lithium mine in Quebec, analysts see some of Canada's disadvantages in the global lithium market coming to bear.

Albemarle eyes Tianqi’s stake in world’s largest lithium mine

May 08 2020 - Albemarle (NYSE: ALB) revealed on Thursday it was mulling a possible acquisition of all or part of Tianqi’s stake in Greenbushes mine in Western Australia, which is the world’s largest hard-rock lithium operation.

Green hydrogen's time has come, say advocates eying post-pandemic world

May 08 2020 - LONDON (Reuters) - Hydrogen has long been touted as a clean alternative to fossil fuels. Now, as major economies prepare green investments to kickstart growth, advocates spy a golden chance to drag the niche energy into the mainstream of a post-pandemic world.

Indian lithium plant plan advances as EV market boom looms

May 07 2020 - Plans for India’s first lithium refinery are forging ahead after Neometals Ltd. and Manikaran Power Ltd approved a feasibility study for a project that aims to supply a nation set to become the fourth-largest electric-vehicle market by 2040.

The magic word for Detroit automakers is trucks

May 06 2020 - DETROIT (Reuters) - The coronavirus pandemic brought the U.S. auto industry to its knees, but Americans’ love affair with beefy pickup trucks is helping the Detroit automakers get on the road to recovery.

Renewables beat coal in the US in April

May 06 2020 - Preliminary figures from the US Energy Information Administration show that renewables generated more electricity than coal every day during April 2020.

VW sees multi-speed coronavirus rebound led by China

May 06 2020 - FRANKFURT (Reuters) - Volkswagen (VOWG_p.DE) sees demand rebounding in China, helped by new buyers switching from public transport and sales of premium vehicles, but warned business...

GM beats earnings estimates, plans to restart North American production on May 18

May 06 2020 -General Motors Co on Wednesday reported a huge plunge in first-quarter profit that raced past expectations, and the automaker outlined plans for a May 18 restart of most of its North American plants shut down by the coronavirus pandemic.

BMW cuts outlook, sees coronavirus pain lasting all year

May 06 2020 - FRANKFURT (Reuters) - BMW AG BAMG.DE expects the coronavirus pandemic to hit demand and earnings throughout this year, prompting the German automaker to cut its profitability forecast for passenger cars following a drop in first-quarter deliveries.

Lithium price: One in three cars sold in UK now electric

May 05 2020 - 2020 was going to be the breakout year for electric vehicles in Europe as Volkswagen’s affordable ICE killer, the ID3, and other entry-level models propel the continent into becoming an EV mass market.

Fiat Chrysler plunges to $1.8-billion loss in first quarter on coronavirus crisis

May 05 2020 -Fiat Chrysler Automobiles (FCA) plunged to a first-quarter loss of $1.8 billion and scrapped its full-year earnings forecast on Tuesday, as the automaker grapples with a coronavirus crisis that has hammered production and sales.

Gold SWOT: palladium at $2,300 by quarter end, says UBS

May 04 2020 - The best performing metal this week was platinum, off slightly by 0.32 percent, with investors increasing their bullish platinum outlook to the highest in three weeks.

Amplats restarts refined PGM production after completing ACP repair for R150m

May 05 2020 - ANGLO American Platinum (Amplats) expected to resume full production of refined platinum group metals (PGMs) from May 12 following the repair of processing facilities at its Rustenburg operations.

Implats flags further update after cutting guidance

May 05 2020 - Impala Platinum (JSE: IMP) said it planned to issue a further market update ahead of June 30 as it revised FY20 capex, slashed production guidance and withdrew unit cost guidance due to the “highly uncertain” operating environment stemming from COVID-19.

First Cobalt has capacity to supply 5% of global EV cobalt market

May 04 2020 - (Kitco News) - Citing a newly-released independent feasibility study, First Cobalt (TSX-V:FCC) said Monday its permitted cobalt refinery in Ontario, Canada, will be North America's first producer of cobalt sulfate, an essential component in the manufacturing of batteries for electric vehicles.

Discounts may help cure U.S. auto market's coronavirus hangover

May 04 2020 - (Reuters) - Texas auto dealer Hayden Elder says March was his worst month in 42 years selling cars thanks to the coronavirus, but April brought...

Australia to pour $190 million into hydrogen projects

May 03 2020 - MELBOURNE (Reuters) - The Australian government on Monday set aside A$300 million ($191 million) to jumpstart hydrogen...

IEA calls for boost to lithium-ion battery, hydrogen technologies

May 03 2020 - The executive director of the International Energy Agency (IEA), Fatih Birol, said that the turmoil in the oil sector caused by the covid-19 pandemic gives governments the perfect opportunity ...

South African union wins case on COVID-19 safety for miners

May 03 2020 - JOHANNESBURG (Reuters) - South Africa’s mining union said on Sunday it had won a court case against the government that will force authorities to impose strict guidelines on mining companies to protect workers against COVID-19.

Scientists develop stretchable lithium-ion battery

May 03 2020 - Researchers at the Korea Institute of Science and Technology have developed a high-capacity lithium-ion battery that is flexible enough to be stretched.

GM and SAIC's China sales rebound in April as market recovers

May 03 2020 - BEIJING (Reuters) - General Motors’ sales in China saw double-digit year-on-year growth in April, its two local ventures said on Sunday, as the world’s biggest auto market recovers from the coronavirus.

Implats cuts refined PGM forecast 15% as Muller warns of regular “unplanned interruptions”

April 30 2020 - IMPALA Platinum (Impala) said refined platinum group metal (PGM) production for its 2020 financial year could be up to 15% lower as a result of COVID-19 related interruptions.

BASF cuts investment plans as crisis consumes car industry

April 30 2020 - FRANKFURT (Reuters) - BASF (BASFn.DE) scaled back its investment budget on Thursday and said it could not rule out a second quarter operating loss as the coronavirus crisis hit automakers, who are the chemicals giant’s largest customers.

Battery materials demand sinking amid market slowdown, reports say

April 29 2020 - Demand for lithium, cobalt and graphite is shrinking as the coronavirus pandemic transforms what was expected to be a banner year for...

Eskom shuts power plant after warning ash dam may collapse

April 29 2020 - Eskom Holdings SOC Ltd., South Africa’s state-owned electricity utility, said it has temporarily closed its Camden power plant because the dam where it stores the ash from burning coal could burst and endanger local residents.

Leading precious metal projects getting the 'big bucks' in recent financings

April 29 2020 - Analysts expect activity in the exploration sector to crumble in 2020 as financings dry up and miners look to conserve capital amid falling industrial metal prices and in response to...

Russia's Nornickel draws down some credit lines

April 30 2020 - MOSCOW (Reuters) - Russian nickel and palladium producer Norilsk Nickel (GMKN.MM) said on Thursday it has drawn down some existing credit lines giving it cash of $5 billion to strengthen...

Ford expects $5 billion loss in current quarter as coronavirus hits demand

April 28 2020 - DETROIT (Reuters) - Ford Motor Co (F.N) said on Tuesday its second-quarter loss would more than double to over $5 billion from $2 billion in the first quarter due to the impact of the coronavirus pandemic, but added it had enough money despite the crisis to last the rest of 2020.

The Tesla Model Y starts delivering in Canada soon. How does it compare?

April 28 2020 -Tesla’s more affordable SUV, the Model Y, is here ahead of schedule, despite the pandemic, and it’s ready to take on rivals. The only issue is, well, it doesn’t have many rivals.

Auto supplier Bosch sees global car production down 20% in 2020

April 29 2020 - FRANKFURT (Reuters) - German auto supplier and technology company Robert Bosch [ROBG.UL] on Wednesday said it expected automotive production to fall by at least 20% this year, as the coronavirus pandemic slams the brakes on factory production lines and saps demand.

Daimler warns of difficult second quarter, hikes risk provisions

April 29 2020 - FRANKFURT (Reuters) - Daimler (DAIGn.DE) on Wednesday warned the carmaker faces a difficult second quarter as it hiked credit risk provisions to anticipate rising delinquencies among customers who leased or bought Mercedes-Benz passenger cars.

Canada’s miners struggle with covid-19 challenges

April 27 2020 - The coronavirus has forced production cuts and closures among major Canadian mining companies, denting plans to take advantage of a deal aimed at increasing exports to the US.

Headline financings crowd terrible money picture for juniors

April 27 2020 - Despite some eye-catching financings in the last month, the juniors have been unable to raise money, said Kai Hoffmann, CEO of Oreninc, in a conversation with Kitco today.

China's Tianqi Lithium doubles annual loss guidance on bigger SQM impairment

April 28 2020 - BEIJING (Reuters) - Tianqi Lithium Corp, one of the world’s top lithium producers, said on Tuesday its net loss for 2019 was expected to be twice as big as it previously indicated after raising the impairment provision on its stake in Chilean miner SQM.

Ford investors keen for details on when automaker will restart U.S. operations

April 28 2020 - DETROIT (Reuters) - Investors already know how the coronavirus outbreak has hurt Ford Motor Co’s (F.N) bottom line, so when the automaker releases first-quarter results on Tuesday they will focus on how and when Ford plans to restart North American operations.

Europe restarts car factories amid uncertain demand

April 27 2020 - FRANKFURT (Reuters) - German carmaking giant Volkswagen (VOWG_p.DE) resumed production at its biggest factory on Monday as part of a broader industry drive to get back to work in Europe, where the coronavirus pandemic has hammered demand and pushed up inventory levels.

SA mining to resume 100% only when at high readiness to tackle moderate virus risk

April 23 2020 - SOUTH Africa’s mining sector will only be back at 100% operation once the government deems a moderate risk of COVID-19 infections and there is a high readiness to tackle the pandemic in the country.

New China EV incentives fresh boost for cobalt, lithium price

April 24 2020 - China on Thursday announced changes to purchase incentives for electric and hybrid cars, locally referred to as new energy vehicles (NEV), which earlier this month was extended for two years until the end of 2022.

Lithium: Tianqi Lithium mulls sale of Australian assets to lighten debt-load

April 23 2020 - Tianqi Lithium is investigating the sale of equity in its Australian lithium mining and processing assets along with identifying potential strategic investors after building up a heavy debt burden.

Tantalum: Prices continue to rise with African COVID-19 shutdowns

April 23 2020 - Tantalum prices have continued to rise in recent weeks, boosted by a tightening supply chain in Africa.

GM suspends dividend, share buybacks as coronavirus hits sales

April 27 2020 - (Reuters) - General Motors Co said on Monday the automaker has suspended its quarterly cash dividend on its common stock and its share buybacks to save cash in the face of the coronavirus crisis that has severely hurt global automobile sales.

Low oil price and negative GDP growth signal lower prices for PGMs

April 27 2020 - The West Texas Intermediate (WTI) crude oil price went negative last week for the first time in history, owing to too much supply, little demand and a lack of storage.

China’s EV battery sector frets over supply

April 23 2020 - Mines around the world are cutting output due to the coronavirus pandemic, leaving top metals consumer China fretting over supply, as it starts to recover from the initial demand shock that the outbreak inflicted on its economy.

Blowing hot and cold: How heat pumps can help electric vehicles go the distance

April 23 2020 -A decade has passed since I drove my first modern-era electric vehicle.

Cobalt price, nickel usage limit damage to EV Metal Index

April 23 2020 - 2020 was supposed to be the breakout year for electric vehicles around the globe.

Major miners braced to weather coronavirus, but cash-poor minnows in peril

April 23 2020 - MELBOURNE (Reuters) - Major miners are better positioned to weather the coronavirus disruption compared with previous downturns, having drastically reined in debt-fueled buying and operating costs amid investor scrutiny and pressure.

Emissions to drop 6% this year due to pandemic

April 22 2020 - Greenhouse emissions are expected to fall by 6% this year due to a global slowdown caused by the covid-19 pandemic, the World Meteorological Organization (WMO) said on Wednesday, adding that it would not be enough to stop climate change.

Daimler’s earnings plunge as coronavirus hammers sales

April 23 2020 - German car and truck maker Daimler reported a plunge of nearly 70 per cent in first-quarter operating profit on Thursday due to the coronavirus pandemic and warned that the cash flow it uses to pay dividends would fall this year.

Mining Exploration Insights - April 2020

April 2 2020 - Mining equities were not immune from the worldwide sell-off in equities due to mounting fear of the coronavirus that began toward the end of February...

Platinum producer Sibanye Stillwater pulls 2020 outlook, to resume South African ops

April 23 2020 - Sibanye-Stillwater, the world’s biggest platinum producer, on Thursday withdrew its operating forecast for 2020 due to coronavirus-related uncertainties and said it would resume gold and platinum operations in South Africa in the next two weeks.

Amplats cuts mined PGM production a quarter as lays plans to emerge from lockdown

April 23 2020 - AN estimated 331,000 ounces in platinum group metal (PGM) production had been lost as a result of South Africa’s COVID-19 related national lockdown to date, said Anglo American Platinum (Amplats).

Daimler ends hydrogen car development because it’s too costly

April 21 2020 - Daimler’s Mercedes-Benz is killing its program to develop passenger cars powered by hydrogen fuel cells.

No takers: Hyundai cars sit in U.S. ports as virus keeps buyers away

April 21 2020 - SEOUL (Reuters) - As Detroit’s automakers shut production in March due to the coronavirus pandemic, South Korea’s Hyundai Motor cranked up its factories back home to ship cars to the United States, a move that is proving costly for the world’s fifth-largest auto group.

Renewables overtake coal-fired power generation for first time

April 20 2020 - The International Energy Agency (IEA) report on key electricity trends in the world’s developed economies, released last week, shows renewable energy overtaking coal as a source of electricity generation for the first time in 2019.

Can coronavirus pandemic tame the wild palladium market?: Andy Home

April 21 2020 - LONDON, April 20 (Reuters) - COVID-19 has roiled industrial metal markets with lockdowns around the world eviscerating demand, forcing mine closures and upending supply chains.

South Africa is restarting mining activity; at least 6% of PGM output lost this year

April 20 2020 - Minerals Council South Africa and the Department of Mineral Resources agreed last week that there will be a phased recall of mineworkers to enable the restart of mines.

Tianqi Lithium says weighing asset sales, strategic investors to slice debt

April 17 2020 - BEIJING (Reuters) - Tianqi Lithium Corp, one of the world’s top lithium producers, said on Friday it was exploring selling equity and assets, as well as bringing in strategic investors to address liquidity problems but that no agreements had yet been signed.

South Africa's Implats plans gradual return to operation after regulations eased

April 17 2020 - JOHANNESBURG (Reuters) - Impala Platinum’s (Implats) chief executive of its Rustenburg operations appeared in court on Friday on charges of allegedly contravening South Africa’s lockdown rules by calling non-essential workers back to work, the company spokesman said.

Ottawa seeks ‘shovel-ready’ projects for post shutdown stimulus plan

April 15 2020 -Federal Infrastructure Minister Catherine McKenna is preparing plans to rush out billions of dollars in budgeted – but so far largely unspent – infrastructure funds as a way to stimulate the Canadian economy once current pandemic restrictions are lifted.

Argentina's fledgling lithium sector clipped by coronavirus

April 16 2020 - BUENOS AIRES (Reuters) - Argentina’s fledgling lithium sector has been torpedoed by the global spread of coronavirus, with operations stalled by a nationwide crackdown and some projects being abandoned as the pandemic has sharpened economic concerns in the country.

Mining ramping up in Canada, but under restrictions that will add to costs and reduce productivity

April 15 2020 -Mines in Quebec are ramping up after restrictions that kept operations to a minimum over the past three weeks were lifted, bringing the province in line with some other parts of the country that allowed mining to continue during the COVID-19 pandemic.

US PGM autocatalyst recycling : contending with the COVID-19 pandemic

April 15 2020 - The deepening COVID-19 crisis in the US is being felt increasingly across the country’s PGM supply chain.

We halted the global economy, and emissions still may only fall 4% this year

April 10 2020 - And they’ll likely rebound as the coronavirus outbreak recedes.

Car market in China shows ‘clear signs’ of recovery

April 14 2020 - The car market in China is showing signs of a comeback from COOVID-19 after months of lockdown. In February sales fell 79%.

Banks on the trail of COVID-19

April 15 2020 - Tracking the Coronavirus is proving to be more than a job for public health authorities, with investment banks also hot on the trail because knowing how the virus is affecting mining projects could be the difference between commodity prices rising or falling.

Palladium price news in spring 2020: will supply cuts offset lower automotive demand?

April 14 2020 - The palladium market remains elevated on tight supply, even after dramatic volatility in February.

Sibanye-Stillwater says it can resume limited mining in South Africa

April 14 2020 - Sibanye-Stillwater said on Monday it could restart limited mining at its South African operations after a nationwide lockdown to stem the spread of the coronavirus brought the mining industry to a standstill.

Coronavirus highlights new logistics risk in battery supply chains

April 2 2020 - The coronavirus pandemic is uncovering new risk in the global supply chain for lithium-ion batteries as countries that are pivotal in producing lithium and other metals needed for battery manufacturing roll out restrictions in a bid to control the spread of the virus.

Lithium: COVID-19 could wipe out US$1.0Bn of lithium supply in 2020

April 13 2020 - Over the last 3 years, the balance of power within the lithium supply sector has shifted, from one dominated by brine producers, to one where hard rock spodumene mines...

Despite slowdown in EV sales, Li-ion batteries remain critical -report

April 13 2020 - A report by market analyst Roskill states that the slowdown in the Chinese EV market during H2-20‌19 and the covid-19 pandemic have had a significant impact on demand projections for Li-ion batteries.

Lac des Iles Mine on lockdown

April 10 2020 - Impala Canada imposes 14-day quarantine on workforce after positive COVID-19 case, places mine on care and maintenance

INTERVIEW: Palladium market very close to balanced, not at surplus yet: Standard's Cooper

March 31 2020 - London — As a result of governments executing lockdowns and automakers worldwide implementing temporary shutdowns, the palladium deficit is very close to balancing-out, though not yet in surplus, Standard Chartered Bank precious metals analyst Suki Cooper told S&P Global Platts in an interview.

May is crunch time for U.S. auto suppliers amid coronavirus shutdown

April 9 2020 - DETROIT (Reuters) - Auto parts maker Kevin Clay landed a series of new contracts from customers early this year, and was bullish on 2020 after two challenging years.

Palladium bounces back from mid-March volatility brought on by coronavirus

March 31 2020 - The price of palladium regained ground and moved back above US$2,000 per ounce at the end of March after the coronavirus buffeted the market in the middle of the month.

Supply cuts may save world’s mining sector from depths plumbed during 2008 crisis

April 7 2020 - COMMODITY prices might not fall to the depths of the 2008 economic and financial crisis because the COVID-19 pandemic had affected supply as well as demand.

Global exploration activity bound for 'hard' hit in 2020

March 30 2020 - Analysts expect activity in the exploration sector to crumble in 2020 as financings dry up and miners look to conserve capital amid falling industrial metal prices and in response to...

Nornickel may not sell all output if coronavirus crisis drags

April 3 2020 - Russian nickel and palladium producer Norilsk Nickel (Nornickel) may find it hard to sell all of its output, as it normally can, if the coronavirus crisis persists, the company’s largest shareholder and president told a daily newspaper.

Why junior miners are headed in the 'right direction'

April 3 2020 - With a global pandemic and crashing stock markets, its no surprise financings have dropped off a cliff.

Lithium: Demand downgraded amidst COVID-19 pandemic, slow EV sales and weaker global economic performance

April 6 2020 - Since H2 20‌19, the outlook for lithium demand has been impacted significantly by a number of issues: firstly, a slowdown in...

General Motors, Honda to jointly develop two new electric vehicles

April 2 2020 - (Reuters) - General Motors Co (GM.N) and Honda Motor Co Ltd (7267.T) said on Thursday they would jointly develop two new electric vehicles for Honda and are exploring more ways to expand their alliance.

Outlook bleak for exploration and discovery

April 3 2020 - Drilling activity is set to collapse this year due to the COVID-19 outbreak.

Economic impact accepted, SA mining sector has the stripes to tackle COVID-19 fallout

April 3 2020 - IT was tempting to fear the worst following President Cyril Ramaphosa’s dramatic 21-day lockdown announcement on March 24 aimed at stemming the COVID-19 virus, especially for the mining sector which has long been at loggerheads with the government over fiscal and economic policy.

China EV slowdown to hit battery metals sector

April 2 2020 - The slowdown in China’s electric vehicle sector could have knock-on effects on the battery metals market in both the short and long run, commodities analysts at Argus Media said in a new report.

Exclusive: China may ease electric car quotas, delay emission rules to help automakers - sources

April 1 2020 - BEIJING (Reuters) - China is considering temporarily easing quotas designed to boost production of electric cars to help automakers badly bruised by the coronavirus pandemic to revive slumping sales, people familiar with the matter said.

South Africa’s shutdown threatens PGM supply

March 30 2020 - South Africa has been placed on a 21-day lockdown to slow the spread of the coronavirus.

Mitsubishi unpacks movement of PGM markets amid lockdowns

March 27 2020 - Mitsubishi Corporation International (MCI) says in its latest precious metals update that it expects South Africa’s platinum supply to reduce by around 7%, or by between 200 000 oz and 300 000 oz.

Detroit's near future based on SUVs, not EVs, production plans show

March 26 2020 - DETROIT (Reuters) - General Motors Co (GM.N) and Ford Motor Co (F.N) have widely touted their commitment to emission-free electric cars, but their production plans show a growing reliance on ever-larger gas-powered vehicles.

Coronavirus slows U.S. push to produce electric vehicle minerals

March 26 2020 - (Reuters) - The coronavirus pandemic is hobbling U.S. efforts to produce lithium, rare earths and other materials used in electric vehicles and high-tech equipment, dealing a blow to President Donald Trump’s plan to curb Chinese control of the strategic minerals sector.

Sibanye to put South African operations on hold

March 25 2020 - Sibanye-Stillwater (JSE: SSW, NYSE: SBSW) announced on Wednesday that it has begun implementing measures to place its South African gold and PGM operations under temporary care and maintenance.

SA mining faces 15% production knock in 2020 as it prepares for national lockdown

March 26 2020 - SOUTH Africa’s mining sector could suffer direct production losses of 8% of annual output as a result of the 21-day lockdown due to start at midnight on Thursday.

Volkswagen expects car market to recover in summer: FAZ

March 25 2020 - BERLIN (Reuters) - Volkswagen (VOWG_p.DE) expects the German car market to recover in the summer after the automaker was forced to suspend output because of the coronavirus pandemic, an executive told a newspaper on Wednesday.

U.S. auto sales in states with coronavirus lockdown orders to drop 80%: analysts

March 25 2020 - (Reuters) - Vehicle sales in U.S. states that implemented lockdown orders to curb the spread of the coronavirus will drop 80% or more, analysts said on Wednesday.

PGM prices benefit from South African shutdowns, but gains may be limited

March 25 2020 - (Kitco News) - Platinum and palladium are currently benefiting from mine shutdowns in South Africa as part of the global effort to halt the COVID-19 outbreak, but a more meaningful price recovery may not occur until the global economy recovers, some analysts said.

South Africa orders mines to close in 21-day virus lockdown

March 24 2020 - South Africa will close its mines for an unprecedented 21 days as part of a nationwide lockdown announced by President Cyril Ramaphosa in a race to contain the coronavirus.

COVID-19: Ontario and Quebec differ on ‘essential service’ definitions

March 24 2020 - Yesterday, Ontario Premier Doug Ford and Quebec Premier Francois Legault both ordered the closure of non-essential businesses, effective as of midnight on Tuesday, Mar. 24.

South African mining braces for coronavirus lockdown

March 24 2020 - South African mining companies are bracing for a heavy hit from the country’s looming nationwide lockdown to slow the spread of the coronavirus, warning of an expected leap in costs in addition to their lost output.

Toyota plans to develop fuel cell truck with Hino unit

March 23 2020 - TOKYO (Reuters) - Japan’s Toyota Motor Corp on Monday said it would develop a heavy-duty fuel-cell truck with its subsidiary, Hino Motor Co, as it sees hydrogen technology as a zero-emissions alternative to battery power for large commercial vehicles.

Europe’s auto industry shifts into neutral

March 23 2020 - Most European carmakers have suspended production for at least two weeks owing to supply chain disruption and falling sales as a result of the spread of COVID-19.

Question marks over protracted re-entry of trimetal PGM catalysis

March 19 2020 - JOHANNESBURG (miningweekly.com) – Trimetal catalysts, which use three platinum group metals (PGMs) rather than two and thereby balance PGM demand, have a multi-decade history of curbing gasoline vehicle emissions, which poses question marks over why their re-adoption should be so protracted.

Rusal puts brakes on Nornickel’s palladium JV

March 19 2020 - Russia’s Norilsk Nickel said on Friday that Russian Platinum, its partner in an Arctic palladium project, had withdrawn from talks on creating the joint venture due to a lack of approval from Rusal, one of Nornickel’s shareholders.

COVID-19: Coronavirus impacts spread across mining sector

March 19 2020 - As the world seemingly moves into lockdown to halt the transmission of the novel COVID-19 virus, the uncertainty and restrictions on movement are taking a toll on markets and commodities.

After the rout, platinum and palladium face more turmoil before recovery

March 18 2020 - Platinum and palladium will remain turbulent in coming months after huge losses sparked by the spread of coronavirus, before starting a tentative recovery with support from palladium’s supply gap and platinum’s correlation with gold, analysts said.

World’s biggest precious metal industry readies for coronavirus

March 17 2020 - Platinum and gold mines in South Africa, which together make up the world’s biggest precious metals industry, are gearing up to try and minimize...

Commerzbank: will virus kill PGM demand, or will low prices trigger stockpiling?

March 18 2020 - The coronavirus outbreak could have one of two possible impacts on demand for platinum group metals:

VW to start using high-nickel batteries for EVs

March 17 2020 - Volkswagen will raise the amount of nickel used in it electric car battery cells to 80% in the next year from 65% at present, Frank Blome, head of battery cells at the carmaker said on Tuesday.

Miners form hydrogen consortium

Mar 18 2020 - Anglo American, BHP, Fortescue Metals Group and Hatch have formed a Green Hydrogen Consortium to look at ways of using green hydrogen to accelerate decarbonisation within their operations globally.

Analysts: palladium having worst week ever; Feb. Chinese car sales tumble

March 13 2020 - Palladium prices were soaring almost daily on strong automotive demand not so long ago, but the market is now digesting some bearish news on car sales tied to the coronavirus outbreak, analysts said.

PRECIOUS-Palladium tumbles 28%, gold slumps over 4% in virus-led rout

March 13 2020 - March 12 (Reuters) - Palladium plunged as much as 28% on Thursday as panic selling driven by intensifying fears over the coronavirus pandemic seeped into precious metals, with gold slumping more than 4% as investors rushed to cover margin calls in other assets.

Wheaton Precious Metals picks a good year to up palladium production

March 11 2020 - Wheaton Precious Metals (NYSE:WPM) produced 50% more palladium in 2019 from its Sibanye-Stillwater stream.

PGM Update: Tri-metal catalyst won’t hit the market for three years — and platinum finally gets a coin

March 12 2020 - Impala Platinum CEO Nico Muller has provided some details after the announcement this week that chemicals group BASF had successfully tested a catalyst that can...

Man who attended PDAC 2020 diagnosed with coronavirus

March 11 2020 - (Kitco News) - Health officials in Toronto are warning people who attended the Prospectors & Developers Association of Canada 2020 mining conference to monitor their health for signs of the coronavirus.

Implats casts further doubt on $874m Waterberg JV saying it is “treading cautiously”

March 11 2020 - IMPALA Platinum (Implats) gave its biggest signal yet that it was having second thoughts about investing in the Waterberg Joint Venture, a large palladium resource currently under the development of Platinum Group Metals (PTM).

Albemarle expects weak Q1 in China due to coronavirus

March 10 2020 - Albemarle, the world’s largest producer of lithium for electric vehicle batteries, said on Tuesday it is experiencing a “weak” first quarter in China, where most of the company’s processing facilities and customers are located.

BASF launches autocatalyst in bid to rebalance PGM market, retain industrial demand

March 10 2020 - IT was important to rebalance the platinum group metal (PGM) market in order to prevent the industry losing industrial demand permanently.

Breakthrough technique could produce lithium in hours

March 9 2020 - A new filtration technique could cut the time needed to produce lithium raw materials at South America’s vast evaporation ponds to hours from months, according to a study by a group of international scientists.

BASF launches a new Tri-Metal Catalyst, developed in collaboration with and sponsored by Sibanye-Stillwater and Impala Platinum

March 10 2020 - Innovative technology enables partial substitution of palladium with platinum, enabling a reduction in catalytic converter costs and partially alleviating sustained palladium deficits.

South African supply: short-term loss, long-term gain

Mar 09 2020 - Anglo American Platinum has declared a force majeure following the temporary shutdown of its converter plant at the Waterval smelter, which could result in a drop of up to...

EV-internal combustion price parity forecast for 2023 – report

March 6 2020 - A new report by Roskill suggests that the rising CO2 compliance costs that original equipment manufacturers within the automobile industry are facing in some jurisdictions are set to create a price parity between fully electric vehicles (BEV) and their internal combustion engine (ICE) counterparts.

GM takes aim at Tesla with 'Ultium' batteries and fleet of electric vehicles

March 3 2020 - DETROIT (Reuters) - General Motors Co (GM.N) Chief Executive Mary Barra said Wednesday the Detroit automaker will invest $20 billion by 2025 in electric and automated vehicles as it races to catch up with Elon Musk’s Tesla Inc (TSLA.O) as vehicles go electric.

PDAC: Friedland previews ‘Revenge of the Miners’

March 3 2020 - Renowned mining mogul Robert Friedland took a theatrical approach to introduce his message to PDAC attendees on Monday in Toronto.

Mining’s biggest show will go on despite coronavirus

Feb 27 2020 - The champagne is on ice and organizers are putting on a brave face, but a whiff of trepidation is building ahead of one of the world’s largest mining conferences.

Mining Exploration Insights – February 2020

February 28 2020 - Exploration index down as only drill results improve MOM

Nornickel sees no major palladium substitution in near term

Feb 26 2020 - Russia’s Norilsk Nickel (Nornickel), the world’s largest producer of palladium and high-grade nickel, expects the palladium market to continue to be in a deficit of about 500 000 oz this year, driven by the continuing increase in loadings in autocatalysts.

Lithium price: EVs will be $350bn market in just 15 years

Feb 25 2020 - The global energy storage market is expected to balloon over the next 15 years, according to a report released by Lux Research.

ESG comes to junior mining

Feb 24 2020 - Exploration companies need not get left behind and can adopt some environmental social governance principles (ESG), said Kendra Johnston, president and CEO of the Association for Mineral Exploration.

Deficit should keep palladium price on the boil

Feb 21 2020 - Prices for March palladium went 1.18% up in late afternoon on Friday as the metal was trading at $2,634 an ounce on the Comex market in New York.

Bill Gates-led fund invests in making lithium mining more sustainable

Feb 19 2020 - Breakthrough Energy Ventures, helmed by Bill Gates, and MIT’s The Engine fund are leading an investment round of $20 million for...

Daimler warns of "significant adverse effects" of virus outbreak

Feb 21 2020 - BERLIN (Reuters) - German luxury carmaker Daimler (DAIGn.DE) on Friday warned of risks for the economy and its own business from the outbreak of coronavirus that is spreading in China and around the world.

Palladium market 'overdone' but not necessarily a bubble: analyst

Feb 20 2020 - London — The palladium market, which hit a record high $2,835/oz on Wednesday, isn't necessarily a "bubble," Nedbank CIB mining analyst Arnold Van Graan told S&P Global Platts in an interview.

Europe floors it in the race to dominate car batteries

Feb 19 2020 - Outside the German town of Arnstadt, workers for China’s Contemporary Amperex Technology Co. Ltd. (CATL) are hustling to build Europe’s biggest electric-car battery plant.

M&A deals reshape Canadian mining landscape

February 19 2020 - The flurry of M&A transactions last year brought a much-awaited consolidation of the global gold sector.

Palladium ‘madness’ continues

Feb 19 2020 - Fears that the coronavirus could be a disaster for the global economy and a drumbeat of speculation over central-bank stimulus are driving another rally in precious metals.

Sibanye-Stillwater to pull 150MW renewable power project citing obscure Govt. rules

Feb 20 2020 - SIBANYE-Stillwater CEO, Neal Froneman, issued a not-so subtle message to the South African government that its failure to provide power supply security would influence his company’s future investment decisions in the country.

Tesla’s China surprise big blow for cobalt, nickel price bulls

Feb 19 2020 - Long-suffering cobalt bulls were dealt another blow on Wednesday after reports that the world’s largest electric carmaker is shifting some production of its most popular model away from batteries that contain nickel and cobalt.

Albemarle expects 2020 profit drop as lithium prices sag

Feb 19 2020 - Albemarle, the world’s largest lithium producer, reported a lower-than-expected quarterly profit on Wednesday and forecast a double-digit drop in 2020 earnings on weak prices for the battery metal.

Edison Research : Lithium

Feb 19 2020 - As seasoned market observers know, one of the rarest phenomena in mining is when the price of a metal (or mineral) moves in one direction and the share prices of companies that mine or explore for that metal move in the other.

Gold passes US$1,600/oz, palladium surges

Feb 19 2020 - Precious metals soared yesterday as markets digested further coronavirus woes, with tech giant Apple warning it didn’t expect to meet revenue targets this quarter due to iPhone supply constraints.

Exclusive: Tesla in talks to use CATL's cobalt-free batteries in China-made cars - sources

Feb 18 2020 - Beijing (Reuters) - Tesla (TSLA.O) is in advanced stages of talks to use batteries from CATL that contain no cobalt - one of the most expensive metals in electric vehicle (EV) batteries - in cars made at its China plant, people familiar with the matter said.

South Africa's Eskom needs cash injection to avoid debt crisis - CEO

Feb 18 2020 - CAPE TOWN, Feb 18 (Reuters) - South Africa’s ailing power utility Eskom urgently needs more cash to stabilise its ballooning debt pile with the funds coming from a rise in tariffs or new equity, new chief executive Andre de Ruyter told lawmakers on Tuesday.

Commodities Strategy | Metals Update

Feb 12 2020 - This quick note follows up on the most recent PGM developments in light of the Corona virus, conversations we have had on a potential supply response, and highlights the recently published JM report.

Indaba, PGMs: Roskill On the road… at Investec in Cape Town

Feb 17 2020 - Platinum group metal (PGM) producers, traders and consumers gathered at Investec’s annual PGM dialogue at the Cape Town Mining Indaba to discuss...

Market in the foothills of platinum recovery as automakers turn minds to substitution

Feb 17 2020 - THE market might be in the foothills of a platinum price recovery as automakers had “started to do some work” on how the metal could be used as a substitute for palladium, the dollar price of which had improved 48% in 2019.

Coronavirus lifts safe-haven demand, but hits PGMs

Feb 17 2020 - Disruption associated with the outbreak of the novel coronavirus COVID-19 in China will impact precious metal demand across a range of end-uses, including cars and auto parts, electronics and jewellery

Australian companies, academia working on fast-charge Li-ion batteries for trams

Feb 13 2020 - Nanotechnology company VSPC, a 100%-owned subsidiary of Lithium Australia NL (ASX: LIT), together with CSIRO, the University of Queensland and Soluna is taking part in...

PLATINUM IN HYBRID VEHICLES

Feb 12 2020 - Hybrid vehicles have the potential to help European automakers meet stringent new fleet CO₂ emissions standards, avoiding heavy fines

A Look at COMEX Palladium - Craig Hemke (02/11/2020)

Feb 11 2020 - As you know, we've been following the palladium story for over two years now.

Palladium, rhodium deficits set to grow in 2020: report

Feb 12 2020 -Rapidly rising demand from auto makers pushed the global palladium market last year to its biggest deficit for five years and created the first shortfall of rhodium since 2014, materials maker Johnson Matthey said on Wednesday.

USGS REPORT : PLATINUM-GROUP METALS

Feb 2020 - (Palladium, platinum, iridium, osmium, rhodium, and ruthenium)

Exclusive: Germany's Volkswagen and Daimler push for more 'sustainable' Chile lithium

Feb 11 2020 - SANTIAGO (Reuters) - German automakers Volkswagen (VOWG_p.DE) and Daimler (DAIGn.DE) have launched a study to push for more “sustainable” lithium mining in Chile.

Daimler CEO says meeting CO2 targets in 2020, 2021 a challenge

Feb 11 2020 - STUTTGART, Germany (Reuters) - Daimler (DAIGn.DE) will not sacrifice the profitability of next generation electric cars Chief Executive Ola Kaellenius said on Tuesday, as the carmaker struggles to meet more stringent European Union anti-pollution rules.

The hedge fund making a fortune betting on greener cars

Feb 10 2020 - For decades, Blenheim Capital Management found fame and fortune making bold bets in commodities that were flying under the radar.

Canada's critical minerals push raising mining sector profile

Jan 30 2020 - "Mining hasn't featured this prominently in as long as I can remember, so it's quite exciting," Gratton said in an interview.

Lithium set to make comeback in 2020 as China holds on to EV subsidies

Jan 28 2020 - Lithium experts say the market will bounce back in 2020 on the back of expected higher electric vehicle uptake in Europe, and China abandoning plans to lower EV subsidies again this year.

Petrol hybrids to win near-term emissions race, supporting Pd & Rh

Feb 10 2020 - New CO2 emissions targets for new cars and light commercial vehicles came into force on 1 January 2020.

Exclusive: Top lithium miner seeks to monitor water scarcity in parched Chile salt flat

Feb 10 2020 - SANTIAGO (Reuters) - With residents and courts ringing the alarm about depleted water supplies in Chile’s Atacama salt flat, the world’s top lithium miner Albemarle (ALB.N) quietly filed a proposal in December for a network to monitor flows beneath the parched desert floor.

China's Ganfeng to take control of Argentina lithium project

Feb 10 2020 - (Reuters) - China’s Ganfeng Lithium Co said on Friday it will take control of an Argentina lithium project it has been developing with Lithium Americas Corp, cementing its control over a key source of the white metal for electric vehicle batteries.

Russia considering $1 bln loan to Nornickel for Arctic project - Ifax

Jan 29 2020 - MOSCOW, Feb 7 (Reuters) - The Russian government is considering spending $1 billion from its sovereign wealth fund on a loan to mining giant Norilsk Nickel for its Arctic Palladium project, the Interfax news agency cited a source as saying on Friday.

With Tesla stock envy, GM hopes to sell investors on its EV, tech future

Feb 05 2020 - DETROIT (Reuters) - General Motors Co (GM.N) has watched with frustration and envy as the market value of electric carmaker Tesla Inc (TSLA.O) has ballooned to more than triple GM’s size, but Wednesday the Detroit automaker will make the case that its EV and self-driving technology strategy deserves a higher value.

Palladium market not a 'ticking time bomb': Sibanye CEO

Feb 04 2020 - New York — Palladium prices are unlikely to fall dramatically any time soon, with solid supply/demand fundamentals acting as supportive factors for the already elevated price, according to producer Sibanye-Stillwater.

Lithium mining shares off to the races

Feb 04 2020 - Shares in lithium producers soared on Tuesday with the sector getting caught up in the investor enthusiasm for electric vehicle pioneer Tesla.

Electric future: Britain to ban new petrol and hybrid cars from 2035

Feb 03 2020 - LONDON (Reuters) - Britain will ban the sale of new petrol, diesel and hybrid cars from 2035, five years earlier than planned, in an attempt to reduce air pollution that could herald the end of over a century of reliance on the internal combustion engine.

Platinum mining giant says South Africa running out of time

Feb 03 2020 - South African President Cyril Ramaphosa may be running out of time to enact the reforms required to attract significant investments in the country’s mining industry.

Canada can be a leader in the global electric-car battery market

Feb 02 2020 -Our planet’s health is receiving more attention than ever before – and with good reason.

Palladium's outperformance over platinum to continue in 2020

Feb 03 2020 - The palladium market is predicted to have a large deficit this year owing to strong automotive demand following the implementation of tighter emissions legislation.

B of A boosts palladium price forecast

Jan 31 2019 - Palladium prices have surged 1520% since 2009 due to tight supply and higher emission standards, and analysts at the Bank of America forecast the metal could rise to US$3,500 per oz. in the fourth quarter of 2020 from the current spot price of US$2,302.75 per ounce.

Rhodium prices hit record high after spectacular rally

Jan 31 2020 - LONDON (Reuters) - Rhodium, a precious metal used to reduce vehicle emissions, rose to a record high of $10,165 an ounce on Friday after a supply squeeze drove prices up more than $4,000 in January alone.

Australia’s lithium producers see tough market conditions persisting well into 2020

Jan 30 2020 - Australia’s Orocobre Ltd and Pilbara Minerals Ltd on Thursday gave bearish outlooks for lithium demand, as weak orders from electric vehicle makers in China look set to extend a prolonged downturn.

GM reviving Hummer brand with 1,000-horsepower electric truck

Jan 30 2020 -The Hummer, once a gas-guzzling target for environmentalists, is making a comeback. But this time around it won’t burn fuel or spew greenhouse gases.

German car industry seeks more predictable EU carbon dioxide rules

Jan 30 2020 - BERLIN (Reuters) - The German auto industry called late on Wednesday for the European Union (EU) to make its regulations more predictable, especially targets for cutting carbon dioxide emissions from vehicles.

Palladium to remain strong despite added Nornickel supply - analysts

Jan 29 2020 - (Kitco News) - Palladium prices are likely to remain strong despite news that Russian producer Norilsk Nickel will release three metric tons of palladium ingots from its stockpiles, traders and analysts said.

Tesla partners with LG Chem, CATL for battery supply

Jan 30 2020 - (Reuters) - Tesla Inc (TSLA.O) has entered into a partnership with South Korea’s LG Chem Ltd (051910.KS) and China’s CATL (300750.SZ) for supply of batteries used in its electric cars, the company said on Wednesday.

Orocobre says price per tonne of lithium down 24%

Jan 29 2020 - Orocobre (TSX:ORL) said today that its average price per tonne of lithium carbonate was down 24% to $5,419 compared to the same quarter a year ago.

UPS inks electric van deal with Arrival, to test Waymo automation

Jan 29 2020 - LOS ANGELES (Reuters) - United Parcel Service Inc said on Wednesday it was ordering 10,000 electric delivery trucks from UK-based Arrival Ltd and teaming with self-driving startup Waymo as package carriers work to cut costs and tailpipe pollution.

Palladium’s biggest miner says market is in a bubble

Jan 29 2020 - Financial speculators have created a bubble in palladium that’s bad for the industry, according to MMC Norilsk Nickel PJSC, the world’s biggest producer of the metal.

Record palladium-platinum price gap to narrow in 2021- Reuters poll

Jan 28 2020 - LONDON/BENGALURU (Reuters) - Palladium will cost on average more than twice as much as platinum this year, but that premium will narrow in 2021 as prices slip from record highs and platinum gains ground, a Reuters poll showed on Tuesday.

EV predictions show strained metals supply

Jan 28 2020 - One of the most prevalent current trends concerning mined commodities is the shift, driven by the effort to reduce our carbon footprint, is towards the electrification of the global transportation system.

Nornickel's fund to deliver 3 T of palladium ingots to the market

Jan 29 2020 - MOSCOW (Reuters) - Russia’s Norilsk Nickel (Nornickel) said on Wednesday its Global Palladium Fund would deliver three tonnes of palladium ingots to the market from its current stock to provide a short-term relief to tight supplies.

Jeep, Suzuki models found to have broken EU emissions rules

Jan 23 2020 - AMSTERDAM (Reuters) - Fiat Chrysler’s (FCHA.MI) Jeep Grand Cherokee and Suzuki’s (7269.T) Vitara diesel models both break emissions rules and must be fixed or face a ban on sales across Europe, the Dutch road authority ruled on Thursday.

Alaska gov welcomes mining investments

Jan 24 2020 - If you are not doing business in Alaska, you should be, this is the message Alaska Gov. Mike Dunleavy had for the mining community attending the Association for Mineral Exploration Roundup in Vancouver, British Columbia.

Palladium’s fading stockpiles draw warning of prolonged deficit

Jan 22 2020 - As palladium’s record-breaking rally makes guessing the size of stockpiles more important than ever, one thing at least is clear — they’re getting a lot smaller.

The Magic Palladium Bullet in 2020 - Craig Hemke

Jan 21 2020 - We've been monitoring and writing about palladium since the price first broke to new all-time highs in 2018.

India’s electric car ambitions could stumble on lack of lithium

Jan 21 2020 - India’s ambition of becoming a global hub for making electric vehicles faces one major hurdle: its lack of access to lithium.

Rhodium moves into overdrive owing to “insatiable demand” from Asia, supply fears

Jan 22 2020 - INSATIABLE demand from Asia and fear of diminishing supply were factors behind the latest surge in the rhodium price, said Reuters citing analysts.

Palladium: volatility rises, but the rally remains intact

Jan 22 2020 - After a whopping 54% intra-year increase during 2019, the start of 2020 has seen the palladium rally accelerate even further.

Rhodium rally goes supersonic as auto makers clamor for supplies

Jan 22 2020 - LONDON (Reuters) - A rally in rhodium, a precious metal used to reduce vehicle emissions, has exploded into high gear, with surging demand and an uncertain supply outlook pushing prices up 40% in just three weeks to near record highs.

Palladium tops $2,500 an ounce in biggest one-day surge since 2008

Jan 17 2020 - Palladium surged the most since 2008 as scant supply and robust demand extend a record-breaking rally.

EV sales to hit 37 million by 2024, ARK says

Jan 20 2019 - New York-based ARK Investment Management forecasts sales of electric vehicles will reach 37 million units in 2024.

’There’s no metal’: Record-breaking palladium races higher

Jan 17 2020 - A squeeze in ready availability of automotive metal palladium has driven up already record-high prices by 25 per cent in just two weeks, accelerating a four-year rally and stoking expectations for further gains, analysts said.

The world’s most precious metal leaves everything else in the dust

Jan 13 2020 - Palladium’s great start to the year pales in comparison to its lesser known, but much more expensive sister metal, rhodium.

'Green is good.' Is Wall Street's new motto sustainable?

Jan 13 2020 - NEW YORK (Reuters) - If you have gone to Goldman Sachs Group Inc’s internet home page since mid-December, it would be reasonable to wonder if you had stumbled into some kind of parallel universe.

Lithium price plunges to 4-year low

Jan 10 2020 - Investment in battery manufacturing plants and electric vehicle factories continues to boom around the world, but for now the market for lithium shows no signs of emerging from a four-year slump.

SA mining industry resilience to Eskom crisis will buckle if rolling blackouts intensify

=Jan 13 2020 - A REPORT by RMB Morgan Stanley in the final weeks of 2019 suggested that, contrary to popular thought, Eskom’s rolling blackouts since about 2008 had had a limited impact on South Africa’s mineral production.

Soaring SUV sales keep carmakers on collision course with climate policy

Jan 10 2020 - FRANKFURT (Reuters) - Soaring demand for SUVs drove record sales for premium carmakers including BMW and Mercedes last year, leaving the industry on collision course with government efforts to tackle global warming despite big investments in electric vehicles.

BMW becomes first carmaker to join responsible mining group

Jan 9 2020 - German luxury vehicle maker BMW has joined a global group that promotes ecologically and socially responsible mining in large-scale operations, becoming the first car company to be part of the certification program.

How Big Tech is helping transform cars into smartphones

Jan 9 2020 - LAS VEGAS (Reuters) - Technology companies transformed smartphones and televisions into continuous fountains of revenue. Now, big tech wants to work with automakers to do the same thing for your car.

Rhodium prices soar on 'demand-driven story'

Jan 8 2019 - (Kitco News) - Rhodium prices have skyrocketed, which analysts and traders are attributing to strong industrial demand – particularly from the Chinese car market – at a time when supplies are unable to keep pace.

Tesla's market value zooms past that of GM and Ford - combined

Jan 8 2020 - SAN FRANCISCO (Reuters) - For the first time, Tesla Inc’s (TSLA.O) stock market value has eclipsed the combined values of General Motors Co (GM.N) and Ford Motor Co (F.N).

European EV sales set record in December on subsidy shift

Jan 9 2020 - European electric car sales in December set a new record, at an estimated 74k units, a huge 85% higher than in December 2018.

PRECIOUS-Gold below $1,600 as markets await U.S. reaction to Iran attacks

Jan 8 2020 - Jan 8 (Reuters) - Gold surged past the $1,600 level for the first time in nearly seven years earlier on Wednesday after Iran carried out retaliatory attacks against U.S. forces in Iraq, but the metal pared gains as investors awaited reaction from the White House.

Lithium: What can the market expect in the next 12 months?

Jan 8 2020 - Consultant Jake Fraser gives his view on what has been happening in the lithium market and what we can expect over the coming 12 months.

Base metals hope for manufacturing recovery in 2020: Andy Home

Jan 7 2020 - LONDON (Reuters) - Well, at least there was nickel.

BATTERIES: Li-Cycle marks first shipment of recycled battery material

Jan 7 2020 - TORONTO – Li-Cycle Corp. has reported its first shipment of commercially recycled battery material from its facility in Ontario.

Gold jumps to near seven-year high on U.S.-Iran tensions; palladium breaches $2,000

Jan 6 2020 - (Reuters) - Gold surged close to a seven-year peak on Monday, as investors flocked to the safe-haven metal on escalating U.S.-Iran tensions, while palladium surpassed the level of $2,000 to hit a record high.

Will 2020 be junior mining’s year?

Jan 4 2020 - Another year of covering commodities and select junior mining stocks is all but done and dusted.

The final entry of Captain Curt's log

Jan 2 2020 - After 23 years, 207 million oz of gold and three mining cycles, Freeman posts last Alaska update to North of 60 Mining News.

Lithium miner SQM considering options after environmental court ruling

Dec 27 2019 - (Reuters) - SQM, the world´s No. 2 lithium producer, said on Friday it "regrets" a ruling by a Chilean environmental court that it should be prosecuted over excessive water use in the country´s northern Atacama Desert.

Golden year for precious metals as 2019 sees glistening run

Dec 31 2019 - Gold prices are set for their strongest annual increase since 2010, as worries over global economic health triggered a surge of interest in precious metals, while palladium soared more than 50% to record highs thanks to supply shortages.

We’ll likely see a few electric vehicles on every street by the end of this decade

Jan 1 2020 - Compared with more than a century of gas-powered cars, we’re still in our electric youth.

ETFs, hedge funds pile into platinum on brighter demand outlook

Dec 31 2019 - Investors have taken a shine to platinum.

Ford says reservations full for high-end version of electric Mustang Mach-E

Dec 30 2019 - (Reuters) - Ford Motor Co (F.N) said on Monday reservations were full for the high-end Mustang Mach-E First Edition electric sport utility vehicle.

Lithium-ion batteries could become self-healing

Dec 30 2019 - Engineers at the University of Illinois have developed an electrolyte that could help manufacturers produce recyclable, self-healing commercial batteries.

Electric vehicles are supposed to be green, but the truth is a bit murkier

Dec 29 2019 - Mining lithium for batteries, plus how they're charged, can affect an EV’s impact on environment

Clean energy might be the future, but there is no game plan - how the PGMs stand to break out

Dec 20 2019 - Over the next two decades, the world’s ability to supply resources is going to be pressed to its limit, and no other market segment is going to be harder pressed than materials needed for the transition to automotive clean energy.

Outlook: George Salamis on why 2020 will be good for junior miners

Dec 22 2019 - It’s the end of the year and the end of the decade. Cue all the flashbacks and 2020 predictions …

Canada’s auto sector must fight for its place as the electric age approaches, analysts say

Dec 22 2019 - The last vehicles of an era rolled out of GM Canada’s Oshawa assembly plant last week, but workers and the union behind them hope it’s not the end of the line.

Unexpected bump on the EV road hits battery metals

Dec 18 2019 - It’s been a tough year for electric vehicle (EV) metal bulls.

Coal endures as world’s favorite fuel for electricity generation

Dec 18 2019 - Coal consumption is set to rise in the coming years as growing demand for electricity in developing countries outpaces a shift to cleaner sources of electricity in industrialized nations.

IBM’s new battery design taps seawater as alternative mineral source

Dec 18 2019 - International Business Machines Corp on Wednesday said it has come up with a new battery technology that uses materials extracted from seawater and requires no cobalt, as the race to find alternative sources to the expensive mineral intensifies.

Palladium tops $2,000 in record-breaking rally before gains ebb

Dec 17 2019 - Palladium rose above $2,000 an ounce for the first time, extending an annual advance powered by a sustained global deficit, before slipping as profit-taking emerged.

Will money finally go into the ground in 2020?

Dec 17 2019 - After years of under-investment and some recent knockout financial results by the majors, the expectation is that money will finally get spent on exploration in the coming quarters.

Different but crucial existential questions posed for SA and world mining sectors in 2019

=Dec 17 2019 - Roger Baxter, the lanky CEO of the Minerals Council, is an optimistic kind of guy. He stoutly believes, for instance, that South Africa’s economic recovery can be found in the revitalisation of its mining sector.

Trade issues to drive palladium, rhodium prices in 2020: sources

Dec 17 2019 - Washington — Though factors like rising emissions standards and regional supply shortages helped palladium and rhodium reach multiyear highs in 2019, most market players expect international trade factors to drive prices in 2020.

What differentiates the Nikola truck from the Tesla semi?

Dec 17 2019 - Nikola Motor Company CEO Trevor Milton discusses his company's hydrogen-fueled vehicles.

Palladium smashes $2 000 as BMO says this time looks different

Dec 17 2019 - Palladium smashed through $2 000/oz to a record as the metal extended a powerful annual advance driven by a sustained global deficit, with market watchers saying the shortfall will be extremely hard to fill.

I can’t get no substitution

Dec 17 2019 - October’s Macedonian PGM imports have been released.

Brand new day

Dec 16 2019 - (Kitco News) - ‘Brand premiums’ might be coming for miners, says the head of the one of the world’s leading mining consulting firms, which this year merged with a fast-growing, private-equity backed sustainability consultancy.

Palladium barrels toward $2,000 as red-hot rally continues

Dec 13 2019 - Palladium set its sights on a record $2,000 an ounce, with the metal’s blistering rally showing no sign yet of cooling off.

Commentary: Mining sector has unique advantage in transition to low-carbon economy

Dec 13 2019 - With the mining sector generating 14% of Canada’s greenhouse gas (GHG) emissions, the presence of climate change presents the sector with both opportunities and risks.

Palladium may lose some altitude but expected to remain at lofty heights

Dec 13 2019 - (Kitco News) - Palladium remains in a large supply/demand deficit due to strong auto-related consumption, and as a result, prices are likely to remain at historically high levels during 2020, most analysts said.

Albemarle CEO says long-term lithium demand remains ‘robust’

Dec 12 2019 - Albemarle Corp, the world’s largest lithium producer, expects robust long-term demand for the electric vehicle battery mineral despite troubles in the existing market resulting from oversupply, Chief Executive Luke Kissam said on Thursday.

Cadillac vehicles shifting to electric from gas by 2030: executive

Dec 12 2019 - DETROIT (Reuters) - The head of General Motors Co’s Cadillac luxury brand said on Thursday that a majority, and possibly all, of the brand’s models would be electric vehicles by 2030.

Are hybrids worth the cost? That depends

Dec 12 2019 - Hybrid cars are taking up a growing share of new auto purchases as options increase and prices come down. But to figure out if a hybrid makes financial sense, consumers need to do some math.

Palladium posts all-time high that tops gold's record price

Dec 12 2019 - (Kitco News) - Palladium prices have once again hit a fresh all-time high, in the process exceeding gold’s record from nine years ago, as demand for the palladium in catalytic converters remains robust, traders and analysts said.

Should You Sell During “Tax-Loss Selling” Season?

Dec 05 2019 - You start hearing the murmurings towards the end of October.

Palladium tops $1,900 as South Africa power cuts fuel supply woe

Dec 10 2019 - Palladium surged to a record high, topping $1,900 an ounce, after South African mining companies halted operations in response to the country’s power cuts. Platinum also rose.

South African mines grind to halt as floods worsen power crisis

Dec 10 2019 - Mines across South Africa shut down on Tuesday after flash flooding triggered the most severe power blackouts in more than a decade, threatening a key export sector in a further blow to the country’s already slowing economy.

First commercial electric plane takes flight

Dec 11 2019 - An electric-powered seaplane made its first flight on Tuesday (December 10) in Richmond, Canada. Libby Hogan reports.

Gold’s deal blitz could draw in the rest of mining

Dec 10 2019 - A torrent of deal-making among gold producers that’s pushed M&A in the sector to an eight-year high is seen spilling over into the wider mining industry — if there’s a rally in global growth.

Implats to close North American Palladium takeover this week

Dec 10 2019 - South African miner Impala Platinum Holdings (Implats) has received all the required regulatory approvals for its proposed acquisition of Canada’s North American Palladium (TSE: PDL).

Favourable fundamentals point to further upside for the palladium price

Dec 10 2019 - With the palladium price surpassing $1,900, and our 5-year PGM Forecast report due out next week, we take the opportunity to review our short-to-medium term projections for palladium.

Outlook: CPM Group’s Jeffrey Christian reflects on 2019 and forecasts what’s ahead in 2020

Dec 09 2019 - Jeffrey Christian is the managing partner of CPM Group, a commodities research and management, consulting and financial advisory firm in New York.

Commentary: Changes in financial markets trouble mining industry

Dec 08 2019 - Analysts at CPM have studied the precious metals and commodities markets — including investment trends in mining equities — since the 1970s.

South African mines grind to halt as floods worsen power crisis

Dec 10 2019 - JOHANNESBURG (Reuters) - Mines across South Africa are shutting down after flash flooding caused the largest power blackouts in more than a decade, threatening a key export sector in a further blow to the country’s already slowing economy.

Batteries: Korean battery makers extend their dominance in the western auto industry while securing battery raw materials

Dec 09 2019 - On 5 December, the CEO of General Motors (GM) announced a 30GWh joint venture with South Korea’s battery maker LG Chem to build battery cells through a US$2.3Bn investment in Ohio, USA.

Goldman says gold price to hit $1,600 next year

Dec 10 2019 - Goldman Sachs Group Inc. said investors should diversify their long-term bond holdings with gold, citing “fear-driven demand” for the precious metal.

Indonesia nickel ore royalties double in regulations shake-up

Dec 10 2019 - JAKARTA (Reuters) - Major nickel ore exporter Indonesia will double royalties on sales of the ore to 10% while also adjusting the charges for other minerals, according to a copy of new government regulations seen by Reuters.

Madagascar to raise minerals taxes, take 20% stake in mining projects

Dec 10 2019 - ANTANANARIVO (Reuters) - Madagascar plans to increase its royalties on nickel, cobalt, precious metals, and gemstones to 4% from 2% at present, a draft mining law showed on Tuesday, the latest African country to push for greater government revenue from mining activities.

A Long and Winding Road: The Future of Platinum Group Metals

Dec 10 2019 - As a metals merchant and financier long dedicated to helping mining companies...

Major Companies Maintain M&A Focus On Exploration Sector

Dec 03 2019 - Major mining companies have resumed investing in exploration-stage assets in the past two years, after a brief downturn in the last half of 2017.

Why Blockchain Is The Future of Commodity Pricing

Dec 03 2019 - Commodity pricing hasn’t changed in three decades. Even for the most liquid, high-value and intensively traded commodities – oil, natural gas and gold – price setting is opaque.

Can expanding hydrogen mobility fuel platinum's future?

Dec 09 2019 - The rise of fuel cell electric vehicles (FCEVs) is anticipated to boost platinum demand.

Commentary: The gold party has only just begun

Dec 06 2019 - The year 2019 has been good for gold. In many currencies gold recorded all-time highs (i.e. euro, Canadian dollar and Australian dollar), with the exception of the U.S. dollar.

Flurry of mining deals has industry watchers wondering if Pretium is next

Dec 08 2019 - With deal-making in the gold sector heating up once again, attention is turning to which company might be swept up next. Some industry players wonder about Pretium Resources Inc.

Capital Expenditure In The Mining Industry To Drop By US$5.4B In 2020

Dec 04 2019 - Total capital expenditure in the mining industry across 15 different commodities will fall by US$5.4 billion in 2020, primarily driven by a drop in development capex for copper and gold projects.

Nickel, cobalt price: Electric car sales are tanking, but metal use spikes

Dec 05 2019 - The global auto industry will produce 88.8 million cars and light trucks this year, an almost 6% drop from a year ago, according to researcher IHS Markit, quoted by Bloomberg News.

Tesla’s China-built Model 3s secure new-energy vehicle subsidies

Dec 06 2019 - Tesla Inc said on Friday its Chinese-built Model 3 cars would receive state subsidies, a move that will help the U.S. electric vehicle maker’s push into the world’s biggest auto market.

Nornickel and Trafigura test metal trading using tokens

Dec 05 2019 - MMC Norilsk Nickel PJSC, the biggest palladium and refined nickel producer, has started testing a platform for digital metal tokens that may eventually account for a fifth of its sales.

Global Auto Sales Will Slide Again In 2020, But China Rally Begins

Dec 05 2019 - World sales of cars and SUVs will fall again in 2020, but that should mark the end of the decline since 2017. German sales next year will dive 4% and U.S. 3% but China’s mild 1.5% fall to 20.4 million marks the end of its 4-year slide.

Western, Chinese consumers divided on electric, self-driving cars -survey

Dec 05 2019 - (Reuters) - Automakers, ride-hailing and technology companies plowing money into the development of electric, self-driving and shared car services will find more enthusiastic consumers in China than in Europe and the United States, a survey on Thursday showed.

Gold miners flash the cash in biggest deal binge in a decade

Dec 04 2019 - Gold miners look set to extend a deal spree after notching transactions worth a record $30.5 billion this year, according to data, the biggest M&A binge since bullion prices peaked nearly a decade ago.

GM, LG Chem to announce EV battery joint venture in Ohio

Dec 04 2019 - SEOUL/WASHINGTON (Reuters) - South Korea’s LG Chem (051910.KS) said on Thursday it would invest $916 million in its U.S. subsidiary by 2023 to set up an electric vehicle battery joint venture with General Motors (GM.N).

Australian banks criticised by securities regulator for influence in mining IPOs

=Dec 05 2019 - AUSTRALIAN banks have come in for criticism from the country’s securities regulator for the way in which they manage initial public offerings (IPOs), especially in the small mining sector, said Bloomberg News.

Hyundai Motor eyes thrust on electric vehicles in $52 billion investment plan

Dec 03 2019 - SEOUL (Reuters) - Hyundai Motor plans to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025, the company said on Wednesday, with a third of the expenditure focused on electric and autonomous vehicles, but analysts want to see it deliver.

Rio Tinto halts operations at South African unit as violence rises

Dec 04 2019 - (Reuters) - Anglo-Australian miner Rio Tinto Ltd on Wednesday said it would curtail operations at its South-African unit Richards Bay Minerals (RBM) due to an escalation in violence in surrounding communities.

Tipping point for electric cars still four years away – report

Dec 04 2019 - A report released at an industry gathering in Shanghai on Tuesday shows significant cost reductions for batteries used in electric vehicles, but cost parity with internal combustion engines are still years away.

Mining Exploration Insights: Financing Falls To 8-Month Low In October

Dec 03 2019 - Drilling activity, initial resources and positive project milestones all improved in October — the number of significant financings was unchanged — as S&P Global Market Intelligence's Pipeline Activity Index, or PAI, jumped to 96 from 84 in September.

Why platinum group Metals are still hot property

Dec 03 2019 - Chris Griffith, CEO of Anglo American Platinum, talks about the company’s long term vision for its various markets.

Aussie gold production falls as gold prices hit record highs - Surbiton Associates

Dec 02 2019 - (Kitco News) - Record high gold prices against the Australian dollar have been a blessing and a bit of a curse for the nation’s mining sector as production in the third quarter fell to its lowest point in more than a year, according to one research firm.

Low supply growth from recycled platinum will not offset lower mine supply in 2020

Dec 03 2019 - Recycling contributes a quarter of total annual platinum supply (c.2 moz of c.8 moz). The nature of this secondary supply of platinum makes its rate of growth steady and largely unresponsive to price.

Copper primed for a pop if U.S./China trade war is resolved

Dec 03 2019 - Low inventories across the copper supply chain mean that any resolution to the U.S.-China trade war could trigger a snap rally in prices as consumers rush to restock, market participants said on Tuesday.

Trump says China trade deal might have to wait for 2020 election

Dec 03 2019 - LONDON (Reuters) - President Donald Trump said a trade agreement with China might have to wait until after the U.S. presidential election in November 2020, denting hopes of a resolution soon to a dispute that has weighed on the world economy.

PODCAST: First quarter bodes well for juniors

Dec 01 2019 - With all the recent financings, the start of 2020 is looking for good for the juniors, said Eric Coffin in a interview with Kitco News earlier this month at the Metals Investor Forum.

Gold treads water amid U.S.-China trade doubts; palladium hits record high

Nov 28 2019 - (Reuters) - Gold traded in a narrow $5 range on Thursday as investors gauged the impact of U.S. backing of Hong Kong protesters on its trade negotiations with China, while palladium scaled a record peak.

PLATINUM GROWTH IN THE CHEMICAL SECTOR

Nov 27 2019 - Double-digit growth in platinum use by the chemical sector expected for 2019

Anglo CEO urges SA to upgrade rail, ports to boost mining

Nov 27 2019 - Mining was ‘once the bedrock of SA’s economy, and now it’s flywheel’ – Mark Cutifani.

Palladium price forecast for 2020 and beyond: will this precious commodity shine in your portfolio?

Nov 26 2019 - Often, when people think about the precious metals market, the first commodities that come to their mind are gold and silver.

Eric Sprott: Save Canadian Mining, Stop Predatory Short Sellers

Nov 20 2019 - Canadian billionaire Eric Sprott is backing Save Canadian Mining, a new advocacy group whose primary aim is to reinstate a securities trading rule known as the "uptick rule" or "tick test."

As lithium prices drop, private equity investors hunt for deals

Nov 22 2019 - (Reuters) - Private equity groups and other investors have grown emboldened by the lithium industry’s malaise, forging plans to invest billions of dollars in mining projects to develop the electric vehicle battery metal.

Platinum catch-22 prevents miners tapping the hottest metals

Nov 22 2019 - South African miners face a conundrum: increasing palladium and rhodium output to take advantage of soaring prices risks depressing the already fragile market for sister metal platinum.

China's electric vehicle market to see sales rebound next year, executives say

Nov 25 2019 - GUANGZHOU, China/Shanghai (Reuters) - China’s new energy vehicle (NEV) market is likely to see a sales rebound next year as automakers roll out more new products to lure buyers, but more supportive government policies are needed, auto executives said.

Who will make the best electric pickup? We’ll find out in 2021 as Tesla, Ford and a bevy of contenders face off

Nov 22 2019 - Newcomers including Tesla, Rivian and Bollinger Motors are jumping into this potentially lucrative market, as are established brands such as Ford, Nissan and General Motors.

Porsche going all in on electric

Nov 22 2019 - The future is electric, at least for Porsche.

Palladium and rhodium prices hoist South African miners into profit

Nov 25 2019 - A high rand basket price is increasing profit margins.

Investors push platinum into deficit, but surplus will return: WPIC

Nov 21 2019 - LONDON (Reuters) - A surge in investment buying will push the global platinum market into a small deficit this year – the first since 2016 – but a hefty surplus will return in 2020, the World Platinum Investment Council (WPIC) said on Thursday.

Tesla set to unveil electric pickup truck as it takes on Detroit

Nov 21 2019 - Tesla Inc chief executive Elon Musk has talked for years about building an electric pickup truck that would threaten the heart of the Detroit automakers’ profits, and on Thursday he will finally take the wraps off the so-called cyberpunk truck.

CN rail strike impacting Canadian mining operations

Nov 19 2019 - The Mining Association of Canada (MAC) expressed concern Tuesday regarding the effects that the work stoppage resulting from disagreements between Canadian National Railway (CN) and the Teamsters Canada Rail Conference will have on the mining sector, and the broader Canadian economy.

‘Rising tide’ to float 
all battery-metal boats

Nov 21 2019 - Rising electric vehicle (EV) adoption is driving a massive transformation in lithium-ion battery production.

Ford bets on an electric Mustang to charge its turnaround

Nov 17 2019 - LOS ANGELES (Reuters) - The Mustang Mach E electric sport utility vehicle Ford Motor Co (F.N) unveiled in Los Angeles on Sunday is more than another car for the storied automaker.

Batteries: Tesla to have Gigafactories in Berlin and Shanghai as threats to European and Chinese auto industries materialise

Nov 18 2019 - Tesla’s CEO Elon Musk confirmed the construction of its Gigafactory 4 factory in the “Berlin area” last week.

VW CEO says new ID.3 car 40% cheaper to build than electric Golf

Nov 18 2019 - LOS ANGELES (Reuters) -FRANKFURT (Reuters) - Volkswagen’s (VOWG_p.DE) new ID.3 electric vehicle will be 40% cheaper to build than the electric version of its Golf model, Chief Executive Herbert Diess told investors on Monday.

Ford to use Mustang name for electric SUV

Nov 14 2019 - Ford Motor Co will use the Mustang name, previously reserved for a muscle car, for an electric sport utility vehicle (SUV) that customers in the United States, Canada and Europe can start ordering on Nov. 17, the company said on Thursday.

High-nickel cathode developments Caspar Rawles, Senior Analyst, Benchmark Mineral Intelligence

Nov 13 2019 - LOS ANGELES (Reuters) - Caspar Rawles, Senior Analyst, Benchmark Mineral Intelligence discusses high-nickel cathode developments in the industry.

Lithium producers hit by first big downturn of electric vehicle era

Nov 13 2019 - LOS ANGELES (Reuters) - The burgeoning lithium industry, which produces the powerhouse metal used to make electric vehicle (EV) batteries, has entered its first major downturn, an unwelcome bruising for investors eager to help combat climate change.

No end to palladium’s good fortune

Oct 31 2019 - Palladium prices touched new record highs this week with analysts remaining very upbeat when it comes to the best-performing precious metal of 2019.

Nobel laureate says better batteries can cement electric car era

Oct 30 2019 - The Nobel Prize-winning scientist whose research proved critical in developing lithium-ion batteries said the ubiquitous technology energizing iPhones and Teslas is poised to become more powerful and cheaper — keys for unlocking the mainstream adoption of electric vehicles and home-energy storage units.

Wheels of fortune? A new age for electric motors

Oct 25 2019 - When it comes to making electric cars better, it's the batteries that you'll hear about the most.

Rhodium in “fourth major price surge” in history as above ground stocks diminish

Oct 29 2019 - THIS report is unique and different from other market reports on rhodium in so far as it estimates the quantum of above-ground rhodium stocks.

Palladium tops $1,800 for first time as shortage persists

Oct 28 2019 - Palladium surged to a record, topping $1,800 as stricter air-quality rules boost demand for the metal used in vehicle pollution-control devices.

Stung by sliding prices, lithium industry pares back expansions

Oct 28 2019 - Albemarle Corp, SQM and other lithium producers have been scaling back expansion plans as near-term oversupply concerns drag on prices, unnerving investors who are pushing the industry to focus more on profitability.

Lithium: Initial Q3 producer results point to continued mixed market environment

Oct 28 2019 - Albemarle’s preliminary Q3 results show lithium revenue up 22% y-on-y to US$330M with adjusted EBITDA up 12% to US$128M.

Water restrictions hit PGM belt

Oct 28 2019 - JOHANNESBURG - South Africa's platinum producers have been asked to reduce water usage, following restrictions that were implemented by the Rustenburg Municipality in the North West this month.

Metals sector in costly battle to turn green

Oct 25 2019 - Metals producers, from miners to smelters, are grappling with increasingly tough and costly environmental demands imposed by banks seeking cleaner investments.

Rhodium punches above its weight with strong prices

Oct 4 2019 -Rhodium is an irreplaceable material for complying with carbon emission standards in gasoline-powered vehicles, which consume almost all of its annual production.

Global renewable power capacity to rise by 50% in five years: IEA

Oct 21 2019 - LONDON,(Reuters) - Global renewable energy capacity is set to rise by 50% in five years’ time, driven by solar photovoltaic (PV) installations on homes, buildings and industry, according to the International Energy Agency (IEA).

Momentum Builds for Hydrogen Fuel in Japan, Australia

Oct 18 2019 -Lowered costs and the availability of renewable energy to produce hydrogen are raising interest in the fuel source.

Ford partners with Volkswagen, Amazon to build charging network for cars

Oct 17 2019 - Ford Motor Co said on Thursday it was teaming up with Volkswagen AG and Amazon.com to give its future electric car customers a range of charging options from highways to homes. When news hit that 18 explosive-rigged drones had knocked out two major oil facilities in Saudi Arabia, instantly cutting global oil supply by more than 5 per cent, you can bet electric-car drivers worldwide collectively shrugged.

LG Chem sees electric vehicles accounting for 15% of all car sales in 2024

Oct 17 2019 - SEOUL (Reuters) - South Korea’s LG Chem, one of the leading electric vehicle (EV) battery makers, expects global sales of EVs to grow more than five-fold from 2018 levels to account for about 15% of global vehicle sales in 2024, it said on Thursday.

No evidence of substitution away from palladium. Indeed evidence of no substitution

Oct 03 2019 - The palladium price has hit a new record high in recent days over $1,700/oz, and the FT has declared there’s more to come unless we see a global recession or substitution of much cheaper platinum.

Toyota unveils revamped hydrogen sedan to take on Tesla

Oct 10 2019 - TOKYO (Reuters) - Toyota Motor Corp (7203.T) unveiled a completely redesigned hydrogen-powered fuel cell sedan on Friday in its latest attempt to revive demand for the niche technology that it hopes will become mainstream.

First-ever fuel-cell haul truck to be built

Oct 11 2019 - Anglo American is eating its own dog food. The platinum group metal miner announced today that it tapped ENGIE, a low-carbon energy service provider, to help it develop the first ever hydrogen-powered mining haul truck.

Battery pioneers who made mobile revolution possible win Nobel chemistry prize

Oct 9 2019 - STOCKHOLM/LONDON (Reuters) - Three scientists won the 2019 Nobel Prize for Chemistry on Wednesday for developing and refining rechargeable lithium-ion batteries which made the global information technology, mobile and fossil-fuel free revolutions possible.

Mining companies to 'significantly outperform' market, report finds

Oct 8 2019 -"Valuation for the mining industry is a strong predictor of future return. For any long term investor, the implications are clear; mining will deliver significant outperformance relative to the broader market," said Bernstein analyst and report author Paul Gait.

Implats to buy North American Palladium for $1B

Oct 7 2019 - Eyeing its first major operations investment outside of Africa, platinum group metals producer Impala Platinum Holdings (JSE: IMP) has struck a friendly deal to buy Canadian pure-play palladium producer North American Palladium (TSX: PDL; US-OTC: PALDF) in an all-cash transaction valued at about $1 billion.

Lithium: Current prices provide limited incentive for new supply

Oct 8 2019 - Lithium spot prices in China are currently in the doldrums as near-term demand growth has fallen short of expectation.

Commentary: Silver and PGMs give investors hope

Oct 3 2019 - Gold grabs most of the mining headlines, especially since its recent comeback, but other precious metals such as silver and palladium are also performing well in today’s market, giving miners new hope after a prolonged commodities slump.

LITHIUM: Researchers in Canada develop million-mile lithium-ion battery

Oct 3 2019 - NEW BRUNSWICK – A group of scientists led by Jeff Dahn, a professor at Canada’s Dalhousie University and a research partner with Tesla, published a paper in the Journal of The Electrochemical Society where they present the concept of a new battery able to power an electric vehicle for over one million miles.

Lithium at two-year low hobbles US bid to loosen China’s grip on market

Oct 01 2019 - The lowest lithium prices in over two years are hampering a handful of miners that want to challenge China’s dominance in the market.

Electric vehicles are in the driver’s seat now and the oil industry is running out of fuel

Sept 30 2019 - When news hit that 18 explosive-rigged drones had knocked out two major oil facilities in Saudi Arabia, instantly cutting global oil supply by more than 5 per cent, you can bet electric-car drivers worldwide collectively shrugged.

PRECIOUS-Palladium breaks through $1,700 on supply concerns; dollar pressures gold

Sept 30 2019 - (Reuters) - Palladium hit a record peak on Monday, passing $1,700 an ounce, as tight supply of the autocatalyst metal stoked fears the deficit could only widen amid rising industrial demand, while a stronger dollar hurt gold prices.

Canada, U.S. drafting plans to curb China’s dominance in critical rare-earth minerals

Sept 30 2019 - Canada and the United States are drawing up plans to reduce their reliance on China for rare-earth minerals that are critical to high-tech and military products, such as smartphones and fighter jets.

Socially responsible investing catching on among sovereign funds: study

Sept 30 2019 - LONDON (Reuters) - Almost two thirds of sovereign investors are making social and environmentally friendly investing part of their approach, up from less than half two years ago, according to a study by Invesco released on Monday.

Physical shortages pinch palladium prices

Sept 30 2019 - Palladium lease rates jumped on Friday 20 September, when the price rose by $50/oz to $1,647/oz. This shows that the physical market has tightened again.

Cut emissions to avert catastrophic sea-level rise - U.N. climate report

Sept 25 2019 - NEW YORK (Reuters) - Scientists behind a landmark study of the links between oceans, glaciers, ice caps and the climate delivered a stark warning to the world on Wednesday: slash emissions or watch cities vanish under rising seas, rivers run dry and marine life collapse.

Palladium hits record highs, is $1,700 next?

Sept 23 2019 - (Kitco News) - After hitting new all-time highs, palladium might be ready for even more gains, with some analysts pointing to the $1,700 level as a reality.

Miners push for U.S. Congress to vote on electric vehicle supply chain bills

Sept 23 2019 - WASHINGTON, Sept 23 (Reuters) - Mining executives eager to speed U.S. production of lithium and other metals for the burgeoning electric vehicle industry are frustrated that the U.S. Congress has yet to pass legislation designed to streamline mine permitting and fund geological studies, among other steps.

Palladium price peaks at new record high, rhodium roaring

Sept 17 2019 - Palladium hit a fresh all-time high on Friday on persistent worries about supply from South Africa and prospects of a pickup in demand in China.

U.S. 'falling behind' in global race to develop electric vehicle supply chain

Sept 17 2019 - WASHINGTON (Reuters) - The United States is losing the race to extract and refine minerals used to make electric vehicles and should do more to spur domestic production, a bipartisan group of senators said on Tuesday.

Australian lithium recovery seen by mid-2020 as EV production revs up

Sept 17 2019 - Strong demand from the electric-vehicle sector alongside supply cuts should help Australian lithium miners recover towards the middle of next year, earlier than expected, industry executives said on Wednesday.

HERAEUS PRECIOUS APPRAISAL -The platinum price is up, but the fundamentals point down

Sept 16 2019 - By the start of September, the platinum price had rallied $100/oz (16%) in two weeks. There are a number of possible explanations for this rally.

Lithium Giant Seeing Demand Explosion Makes $1.3 Billion Bet

Sept 10 2019 - The world’s second-largest producer of lithium plans to invest $1.33 billion to boost output, undeterred by the short-term demand weakness and oversupplied market that have sent prices of the raw material tumbling to a two-year low.

PRECIOUS-Palladium sets all-time high on supply angst; gold pares gains

Sept 12 2019 - Sept 12 (Reuters) - Palladium prices hit an all-time high on Thursday on concerns over tight supplies of the autocatalyst metal due to possible labour issues in South African mines, while gold shed earlier gains on fresh hints of progress in the U.S.-China trade dispute.

Generalists can’t ignore junior miners for very long – CIBC

Sept 6 2019 - The bullish run in gold and silver means that generalist fund managers can’t ignore the small-cap mining sector any more, according to analysts at Canadian bank CIBC.

Investors waking up to platinum after metal trades at biggest discount to gold in 30 years

Sept 6 2019 - THERE would be a narrowing in the platinum deficit to 345,000 ounces following a significant pulse this year in demand for platinum in exchange traded funds (EFTs), according to the World Platinum Investment Council (WPIC).

Canada injects millions into EVs, energy-efficient mining technology projects

August 28 2019 - Canada’s Minister of Natural Resources is investing C$2 million (about $1.5m) in an initiative to develop an energy-efficient mining technology expected to reduce energy consumption at mine sites, cut costs and make remote operations more productive.

LAWRIE WILLIAMS: Platinum coming late to the precious metals party

September 01 2019 - Among the main grouping of precious metals, platinum had been by far the poorest performer with its supply/demand fundamentals looking somewhat inferior to its platinum group metal (pgm) sister metal, palladium which has consequently surged past it in price.

Junior financing evaporates as cobalt, lithium prices slump

August 28 2019 - In the second quarter this year, cobalt and lithium prices dropped to the lowest point in more than two years, driven by short-term oversupply which is taking longer than anticipated to correct.

Rhodium prices going higher, analysts eyeing $10,000

August 28 2019 - Investors can’t keep their eyes off gold and silver but there is another precious metal that continues to outperform even these rising stars.

This is why lithium batteries fail

August 25 2019 - Lithium metal batteries fail when bits of lithium metal deposits break off from the surface of the anode during discharging and are trapped as “dead” or inactive lithium that the battery can no longer access.

Visualizing the Commodity Super Cycle

August 22 2019 - As more people and wealth translate into the demand for global goods, the prices of commodities—such as energy, agriculture, livestock, and metals—have often followed in sync.

Which EV should you buy?

August 21 2019 - Are you interested in making your next car an electric?

Palladium deficit to widen, Nornickel says as net profit jumps 81%

August 20 2019 - MOSCOW (Reuters) - The global palladium market will remain in structural deficit this year, Russia’s Norilsk Nickel (Nornickel) (GMKN.MM) said on Tuesday as it reported an 81% leap in first-half net profit.

CHEAPER, TOUGHER CATALYTIC CONVERTERS MAY BE IN SIGHT

August 19 2019 - A new way to reduce the cost and extend the lifespan of the metals in catalytic converters could solve a problem that has vexed automotive engineers for years.

The platinum-group metals in your car come from ancient meteorites that bombarded young Earth

August 18 2019 - You've probably heard of a catalytic converter — it's that thing in your car's exhaust pipe that transforms nasty, unburnt hydrocarbons into less toxic emissions.

Platinum giant wants in on batteries to ease electric car threat

August 13 2019 - The world’s top platinum and palladium supplier has an answer to the electric-car boom that may pose a long-term threat to its biggest market: invent a new battery.

How much do cars really pollute?

August 2 2019 - The world runs on behemoth gas guzzlers.

Palladium primed for record highs as oversupply batters platinum: Reuters poll

August 1 2019 - LONDON (Reuters) - Palladium is expected to widen its lead over sister metal platinum to a whopping $619 an ounce on average this year and $595 an ounce in 2020, a Reuters poll showed on Thursday.

US leaders address critical minerals

July 26 2019 - Trump order calls for an American critical mineral strategy.

CATALYST TURNS CO2 INTO GREEN FUEL INGREDIENT

July 30 2019 - A new technology efficiently converts CO2 and hydrogen directly into methanol, researchers report.

Stationary Emission Control Catalyst Market - Growth, Trends, and Forecast (2019 - 2024)

July 30 2019 - The market for stationary emisssion control catalyst is expected to grow at a CAGR of 9.18%.

Chinese Lithium Buyers Finally Arrive in North America

July 29 2019 - A new era of Chinese lithium interests in Canada has begun, with the conclusion of a $135 million investment, by Shanghai-based Sinomine Resource Group of Cabot Corporation (NYSE:CBT) of its Specialty Fluids business, including the TANCO Lithium Mine in Manitoba.

Canadian miners want to address declining competitiveness

July 28 2019 - The Canadian Mineral Industry Federation, the Mining Association of Canada, and the Prospectors & Developers Association of Canada issued a brief this month urging provincial, federal and territorial mine ministers to take action to ensure Canada remains a globally competitive jurisdiction and can continue to attract mineral investment.

Where BHP goes on climate change, will others follow?: Russell

July 29 2019 - LAUNCESTON, Australia (Reuters) - BHP Group may just have set the template for how resource companies are going to deal with the challenge of climate change, even if some of its competitors would prefer a course of more talk and less action.

BHP earmarks $400 million to reduce emissions from its mines, products

July 23 2019 - BHP (ASX, NYSE:BHP) has committed to invest $400 million over five years to reduce greenhouse gas emissions from its operations and mined commodities, as the world’s number one mining company looks to take an industry lead on tackling climate change.

Battery materials cobalt, nickel face supply crunch by mid 2020s — WoodMac

July 23 2019 - Consultants Wood Mackenzie estimate electric vehicle (EV) sales including hybrid electric vehicles (HEV) were up more than 24% last year.

Largest Fuel-Cell Truck To Be Built By Amplats

July 22 2019 - Fresh off their knockout first half, Anglo American Platinum (Amplats) announced on Monday that it plans to build the world's largest fuel-cell truck and have it operating by next year.

Africa rising

July 16 2019 - A lot of resource investors stop listening to corporate presentations when they learn the company’s project is in Africa.

Australia’s tax cuts further erode Canadian competitiveness

July 17 2019 - The Australian government recently passed tax cuts worth roughly $145-billion. The Aussies say the cuts are necessary to stay competitive with other countries and boost their economy.

Desperate to cut emissions, auto makers drive rhodium to 11-year high

July 19 2019 - LONDON (Reuters) - The price of rhodium, a precious metal used to curb harmful emissions from vehicle engines, has rocketed to its highest since 2008 as tightening environmental regulation compels auto makers to buy more just as supply looks set to stagnate.

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