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U.S. auto sales gain pace in September as demand recovers: JD Power, LMC
September 25 2020 -(Reuters) - The pace of U.S. auto sales is expected to rise 3.3% in September from the prior month, helped by strong consumer demand and the Labor Day holiday, industry consultants J.D. Power and LMC Automotive said on Friday.
Platinum’s day is coming again as PGM sector stares into unprecedented price volatility
September 25 2020 -A REBRAND in recent years of platinum companies into platinum group metals (PGMs) producers was to acknowledge the increasing role played by palladium, and more recently rhodium, in the performance of the sector.
Electrified by Tesla, Chinese startups are on the charge
September 24 2020 -BEIJING (Reuters) - China’s electric vehicle startups are on the charge again, thanks to Tesla.
Electric vehicle charging network ChargePoint to go public at $2.4 billion valuation
September 24 2020 -DETROIT (Reuters) - ChargePoint Inc, one of the world's oldest and largest electric vehicle charging networks, said on Thursday it will...
New tech could open doors to next-level batteries – Platinum Group Metals CEO
September 23 2020 - With the support of platinum group metals miner Anglo American Platinum Ltd. and growing research behind the technology, the "next stair-step up in battery performance" is around the corner, said R. Michael Jones, president, CEO and director of Platinum Group Metals Ltd.
German court opens criminal proceedings against former Volkswagen CEO
September 24 2020 -FRANKFURT (Reuters) - A court in Braunschweig, Germany, said on Thursday it had opened proceedings against former Volkswagen VOWG_p.DE CEO Martin Winterkorn, examining whether he is guilty of market manipulation as part of the carmaker's emissions scandal.
Volkswagen’s electric SUV ID.4 opens a new front against Tesla
September 23 2020 -Volkswagen AG’s U.S. subsidiary on Wednesday revealed its ID.4 electric sport utility vehicle and a pricing strategy aimed at opening a new front in competition with Tesla Inc and other automakers.
JPMorgan set to pay nearly $1 billion in spoofing penalty: source
September 23 2020 -(Reuters) - JPMorgan Chase & Co is set to pay nearly $1 billion to resolve market manipulation investigations by U.S. authorities into its trading of metals futures and Treasury securities, a person familiar with the situation said on Wednesday.
Factbox: Tesla could struggle to implement some of its battery advances, experts say
September 23 2020 -(Reuters) - The advanced battery cell design and new manufacturing processes outlined by Tesla Inc CEO Elon Musk are promising, battery experts say, but they questioned how quickly they can be implemented and how much they’ll contribute to reducing overall costs.
Tesla's Battery Day had hype for future commodity plans but little else
September 23 2020 - Tesla Inc. CEO Elon Musk has proclaimed the electric vehicle giant is ready to move upstream and enter the mining industry as part of an effort to vertically integrate its supply chain.
Tesla's Nevada lithium plan faces stark obstacles on path to production
September 23 2020 -(Reuters) - Tesla Inc's TSLA.O plan to produce lithium for electric vehicle batteries close to its Nevada Gigafactory faces stark challenges from the outset, including an onerous permitting process, uncertain access to water and questions about unproven methodologies.
California to ban sale of new gasoline-powered passenger vehicles in 2035
September 23 2020 -WASHINGTON/LOS ANGELES (Reuters) - California will ban the sale of new gasoline powered passenger cars and trucks starting in 2035 in a dramatic move to shift to electric vehicles and reduce greenhouse gas emissions, Governor Gavin Newsom said on Wednesday.
Nikola's talks with energy firms stalled after short-seller report - WSJ
September 23 2020 -(Reuters) - Nikola Corp's NKLA.O talks with energy firms including BP PLC BP.L to build hydrogen-refueling stations have been stalled following a short-seller's allegations that the electric automaker misled investors, the Wall Street Journal reported.
Trump: Major carmakers sue US government over China tax
September 24 2020 -Major carmakers are suing the US government over import taxes it has imposed on Chinese parts.
Are the palladium technical and fundamental price views at a cross road?
September 22 2020 -Over the past few weeks palladium has triggered a number of technical signals and though gold has drawn most of the...
Elon Musk sees 'big target' in mining costs
September 23 2020 -Calling traditional metal refining processes "legacy" and "insanely complicated", Elon Musk said today his company has re-thought and simplified how lithium and nickel will be processed for his future batteries.
Tesla's value drops $50 billion as Musk's promised cheaper battery three years away
September 23 2020 -(Reuters) - Investors slashed $50 billion from Tesla Inc's TSLA.O market value on Tuesday despite CEO Elon Musk's promise to cut electric vehicle costs so radically that a $25,000 car that drives itself will be possible, but not for at least three years.
Ford deal paves way for electric vehicles
September 23 2020 -The Canadian and Ontario governments will partner with Ford Motor Co. of Canada Ltd. to invest $1.8-billion in its auto plant in...
Tesla's 'Battery Day' drives reality check for recent share surge
September 23 2020 -(Reuters) - Tesla Inc faced a stock market reality check on Wednesday after a much hyped “Battery Day” event which Wall Street analysts judged chiefly for its omissions and hazy delivery deadlines.
Cobalt and lithium prices both rebounded last week
September 23 2020 - Cobalt stockpiling will continue, supporting cobalt prices. Inventories of cobalt raw materials will not be high in the near term with the restocking demand ahead of the National Day holidays.
BMW to expand German production of electric car components
September 23 2020 -BERLIN (Reuters) - BMW announced plans on Wednesday to expand its production capacity for electric vehicle components in Germany, including investing more than 100 million euros ($117.14 million) by 2022 in electric drive production in Leipzig.
European Electric Car Market Passes China’s For First Time in Five Years
September 22 2020 -A new report reveals that the European electric car market has greatly surpassed that of China.
Nikola partners back company despite founder Milton's exit, CFO says
September 22 2020 -(Reuters) - Nikola Corp NKLA.O Chief Financial Officer Kim Brady said on Tuesday the electric-truck maker has the backing of all of its automotive partners even after the departure of founder and Chairman Trevor Milton.
Airbus unveils concepts for hydrogen-powered plane
September 21 2020 -PARIS (Reuters) - Airbus has unveiled three visual concepts for “zero emission” airplanes to be powered by hydrogen.
Volkswagen ID.4 electric SUV to come with three years of unlimited charging
September 21 2020 -(Reuters) - Volkswagen AG VOWG_p.DE will provide owners of its ID.4 compact electric sport utility vehicle with three years of unlimited charging in the United States at no additional cost to the vehicle's price, the German automaker said on Monday.
Hard rock lithium has edge over brine, says BMI
September 22 2020 -The increasing prevalence of high nickel content batteries will benefit hard rock lithium producers over their brine equivalents, viewers of a webinar held by Benchmark Minerals Intelligence (BMI) heard on Tuesday morning.
Tesla warns on challenges of scaling up production
September 22 2020 -Tesla chief executive Elon Musk warned on Tuesday about the difficulties of speeding up production as an expert cautioned the carmaker’s increased reliance on large-scale aluminium parts could bring new manufacturing challenges.
Elon Musk expected to use Tesla 'Battery Day' to argue for the end of combustion engines
September 22 2020 -(Reuters) - Tesla Inc TSLA.O CEO Elon Musk on Tuesday is scheduled to showcase the company's advanced battery technology, with investors expecting he will outline how the company's electric vehicles will surpass the cost and convenience of internal combustion engines.
Russian lawmakers give initial nod to hefty tax hike for mining, oil
September 22 2020 -MOSCOW (Reuters) - Russian lawmakers on Tuesday supported a plan to increase taxes for some mining and oil companies, as Moscow seeks to plug the gaps left by lower oil prices and the COVID-19 pandemic, while facing industry opposition and criticism of its changing rules.
Tesla traders bet on Musk battery pitch to spark rally
September 21 2020 -(Reuters) - Fasten your seatbelt, because Tuesday is Tesla’s “Battery Day”, and some investors expect Chief Executive Elon Musk’s pitch on the electric car maker’s energy storage advances to re-energize its rally following a recent 21% stock slump.
Explainer: How to interpret Tesla’s Battery Day lingo
September 21 2020 -(Reuters) - Confused by kilowatts? Can’t tell an anode from a cathode? Here is a simple guide to the jargon likely to be tossed around at Tesla’s Battery Day on Sept. 22.
The rhodium rally - bucking the trend
September 21 2020 -Unlike in 2008, the global recession is not resulting in much easing of rhodium demand as the drive to...
Nikola share slump deepens as founder resigns
September 21 2020 -(Reuters) - Shares of electric-truck maker Nikola Corp NKLA.O tumbled 34% on Monday after founder Trevor Milton stepped down as executive chairman following a public squabble with a short-seller over allegations of nepotism and fraud.
Cobalt demand for 5G technology to challenge electric vehicles
September 21 2020 -LONDON (Reuters) - The need for larger rechargeable batteries and more energy storage for 5G technology is expected to significantly boost demand for cobalt over coming years and potentially pit the sector against electric vehicle makers.
Electric vehicle sales slump as supply challenges leave dealerships with shortages
September 20 2020 -The COVID-19 pandemic has pummelled Canada’s automobile industry, but it’s the lack of supply that’s helping to short-circuit electric vehicle adoption across the country.
Canada launches emissions reduction fund from Volkswagen fine
September 17 2020 -TORONTO (Reuters) - Canada launched a fund on Thursday to invest in community-based projects to curb emissions, with bulk of the money coming from a fine that Volkswagen AG VOWG_p.DE paid for breaking the country's diesel emissions rules.
Bullish sentiment about PGMs sector’s immediate outlook, long-term potential
September 18 2020 -Speakers at the September 9 virtual 2020 PGMs Industry Day, hosted against the backdrop of historically high prices for...
Ford to build electric F-150 at Michigan plant, add 300 jobs
September 17 2020 -Ford says it will add 300 jobs at a new factory that’s being built to assemble batteries and manufacture an electric version of the F-150 pickup truck.
Canada ranked 4th, US 6th in lithium-ion battery supply chain
September 16 2020 - A new ranking for 2020 by Bloomberg’s clean energy, new materials and commodity research arm (BloombergNEF) shows...
The Musk Method: Learn from partners, then go it alone
September 17 2020 -(Reuters) - Elon Musk is hailed as an innovator and disruptor who went from knowing next to nothing about building cars to running the world’s most valuable automaker in the space of 16 years.
How does hydrogen technology power electric vehicles, and will it take off?
September 17 2020 -ACCORDING to research house, SFA Oxford, hydrogen-powered batteries benefit from a chemical process called electrolysis which uses electricity to split water into hydrogen and oxygen.
European new car sales fall by 17.6% year-on-year in August - ACEA
September 17 2020 -BERLIN (Reuters) - European car registrations dropped in July and August but not as steeply as in previous months, industry data showed on Thursday, pointing to a slow recovery in Europe’s auto sector that was hit hard by the coronavirus crisis.
Exclusive: GM to manufacture own 'family' of EV drive systems, motors
September 16 2020 -(Reuters) - General Motors Co GM.N is set to announce plans on Wednesday to put into production an interchangeable "family" of electric vehicle (EV) drive systems and motors, boosting manufacturing efficiencies as it transitions to a fully electric lineup.
Two killed at Ivanhoe Platinum’s Platreef project after iron hoisting bucket plummets down shaft
September 15 2020 -TWO miners at Ivanhoe Platinum were killed and another injured after a kibble bucket fell down a shaft at the firm’s R1.5bn Platreef project.
Daimler to pay $2.2 billion in diesel emissions cheating settlements
September 14 2020 -WASHINGTON (Reuters) - Daimler AG will pay $2.2 billion to resolve a U.S. government diesel emissions cheating investigation and claims from 250,000 U.S. vehicle owners, court documents show.
Tesla investors should be watching for M&A for S&P inclusion
September 14 2020 -NEW YORK (Reuters) - Tesla Inc TSLA.O investors were disappointed after the company was snubbed in the S&P 500's latest round of inclusions...
Canadian auto exports bounce back after pandemic shutdown
September 14 2020 -Canada’s auto industry is revving back to full speed after putting on the brakes in the spring, almost shutting down entirely for several weeks.
U.S., California to unveil Daimler diesel emissions settlement: sources
September 14 2020 -WASHINGTON (Reuters) - U.S. and California officials will on Monday disclose the terms of Daimler AG’s $1.5 billion settlement to resolve a...
Is Tesla’s gravity-defying valuation landing back on Earth?
September 11 2020 -At some point, Elon Musk will hop into one of his SpaceX rockets and set up shop on Mars. His goal is to colonize the red planet as well as fill every road and highway on Earth with his electric Tesla cars, for he is a man with galaxy-sized ambitions.
Nikola threatens Hindenburg with litigation, short-seller 'welcomes it'
September 11 2020 -(Reuters) - Nikola Corp said on Friday it could take legal action against Hindenburg Research, a day after the short-seller issued a scathing report accusing the electric truck maker of being a “fraud”.
Exodus of Rio Tinto executives exemplifies rising social risk for mining sector
September 11 2020 - Top executives have resigned from mining behemoth Rio Tinto, indicating that worldwide political upheaval around racial and cultural issues is increasing...
Used cars drive U.S. consumer prices higher in August
September 11 2020 -WASHINGTON (Reuters) - U.S. consumer prices rose solidly in August, with the cost of used cars and trucks increasing by the most in more than 51 years likely as Americans shunned public transportation because of fears of contracting COVID-19.
Exclusive: Tesla in talks to buy low carbon nickel from Canada - sources
September 11 2020 -LONDON (Reuters) - Tesla is in discussions with Canadian miner Giga Metals about helping to develop a large mine that would give the electric carmaker access to low carbon nickel for its batteries, three sources familiar with the matter said.
Tesla shares set to rally for third day after record slump
September 11 2020 -A rebound in Tesla Inc shares was set to extend into a third straight session on Friday, recouping more of a record 21% drop earlier this week that wiped $80 billion off the electric-car maker’s market capitalization.
Rio Tinto exits seen reverberating across boardrooms
September 11 2020 -SYDNEY/LONDON (Reuters) - The departure of Rio Tinto Chief Executive Jean-Sebastien Jacques over the destruction of ancient Aboriginal heritage sites in Australia has put mining executives globally on notice – ignore cultural and social issues at your peril.
Rio Tinto bows to pressure over cave blast as CEO, executives exit
September 10 2020 -MELBOURNE (Reuters) - Rio Tinto RIO.AX parted ways with its chief executive and two deputies on Friday, bowing to a shareholder outcry over the destruction of two significant Aboriginal rockshelters and what was seen as the miner's inadequate initial response.
Tesla launches fast electric car charging in Berlin, says more cities to come
September 10 2020 -BERLIN (Reuters) - Managers at electric carmaker Tesla Inc TSLA.O on Thursday demonstrated new supercharger equipment on a Berlin research campus, saying they were looking at more target cities to attract potential buyers worried about access to charging.
Russian watchdog files $2 billion lawsuit against Nornickel for fuel spill damage
September 10 2020 - MOSCOW (Reuters) - Russia’s environment watchdog said on Thursday that it had filed a lawsuit against a power business owned by mining giant Norilsk Nickel...
Rhodium may prolong price gains in 2021 with power to “injure” PGM basket price
September 10 2020 -THE price of rhodium was tipped to remain strong and might even improve further in 2021, according to investment and asset management analysts.
SA mining investment deterred by power supply woes as Eskom warns loadshedding may return
September 10 2020 -NEW mining investment in South Africa was being discouraged owing to power utility Eskom’s ongoing supply problems, said Reuters.
Volkswagen's new electric car panned by Germany's leading test publication
September 9 2020 - FRANKFURT (Reuters) - Germany’s Auto Motor und Sport said Volkswagen’s (VOWG_p.DE) new electric car, the ID.3, had fallen...
Is the South African discount real and does it hurt our mining shares? You bet.
September 10 2020 -SHARES in Sibanye-Stillwater have been charting a course north for most of the year, the Covid-19 equity shock in March notwithstanding.
PTM confident ‘player from global market’ will take investment lead in $617m Waterberg Project
September 10 2020 -PLATINUM Group Metals (PTM), the Canadian company developing the $617m Waterberg palladium-dominant project in South Africa’s...
The one time Neal Froneman feared for the future of Sibanye-Stillwater
September 9 2020 -TWO years ago, following a series of fatal accidents in his company’s gold mines, Neal Froneman thought Sibanye-Stillwater might be in financial trouble.
Pandemic e-commerce surge spurs race for 'Tesla-like' electric delivery vans
September 9 2020 - (Reuters) - Delivery fleet operators face regulatory pressure in California and other states to buy electric vehicles, but a surge in package deliveries thanks to coronavirus lockdowns has major firms itching to switch to electric right now.
GM CEO moves to remake U.S. automaker for EV future
September 9 2020 -General Motors Co Chief Executive Mary Barra has reeled off two significant deals in the past week in response to investor concerns the No. 1 U.S. automaker is stuck in neutral while Tesla Inc and other electric vehicle makers are leaving legacy automakers behind.
Tesla loses more than combined GM, Ford market value
September 8 2020 - (Reuters) - Tesla Inc shed about $80 billion of its market value on Tuesday, an amount that overshadows the combined value of General Motors Co and Ford Motor Co, after its surprise exclusion from the S&P 500 index.
Tesla shares fall as it fails to make it into S&P 500 index
September 8 2020 - (Reuters) - Tesla Inc tumbled 15% early on Tuesday after its surprise exclusion from the S&P 500 index added to the broader sell-off in technology stocks which have dominated Wall Street’s recovery from the coronavirus-driven crash earlier this year.
General Motors buys 11% equity stake in electric truck maker Nikola
September 8 2020 - (Reuters) - General Motors Co (GM.N) said on Tuesday it was acquiring an 11% stake in U.S. electric truck maker Nikola Corp NKLA.O, worth about $2 billion, and will team up with the...
Move aside robots, Tesla bets on aluminium casting
September 8 2020 - FRANKFURT/DETROIT (Reuters) - Robots are not efficient enough for Tesla’s new car factory in Germany, which plans to replace hundreds of them with giant aluminium casting machines to build...
Rising temperatures leave Russia's Arctic ambitions on thin ice
September 07 2020 - Rising temperatures and several environmental catastrophes over summer have revealed the underlying risks to Moscow's ambitious plans to develop everything from military bases to mines and associated infrastructure in Russia's far-flung eastern and northern regions, including the increasingly strategically important Arctic.
GM venture's mini car becomes China's most sold EV, surpassing Tesla's Model 3
September 8 2020 - BEIJING (Reuters) - A micro electric vehicle (EV) by General Motors’ (GM.N) local Chinese joint venture becomes the most sold EV model...
South African economy plunged 51% in Q2 during strict lockdown
September 8 2020 - PRETORIA(Reuters) - South Africa’s economic output shrank 51.0% in the second quarter, its fourth quarterly contraction in a row and largest...
One in eight deaths in Europe linked to pollution, environment, EU says
September 8 2020 - BRUSSELS (Reuters) - Environmental factors such as air pollution and heatwaves exacerbated by climate change contribute to around 13% of all deaths in Europe, the European Environment Agency (EEA) said on Tuesday.
Chinese speculative buying leaves little upside for platinum in H2
September 07 2020 -Chinese jewellery fabricators tend to hold limited stock, but low prices have attracted additional demand.
Biden could limit extractive industry on public lands, reversing Trump trend
September 03 2020 - Extractive industry stakeholders and environmentalists are preparing for a potential Biden administration to move toward more restrictive management of federal lands as the former vice president continues to lay out prospective policies to limit potential mining sites and projects.
Implats to lift payout ratio after unveiling stellar R3.2bn final dividend on soaring PGMs
September 3 2020 -IMPALA Platinum (Implats) today announced a R4/share final dividend for its 2020 financial year, taking the full-year payout – including a R1.25/share interim payment – to R4.2bn after receiving 56% more for its basket of metals in rands during the period. Free cash flow doubled year-on-year to R14.4bn.
Striving for green recovery, EU adds lithium to critical materials list
September 3 2020 - BRUSSELS (Reuters) - The European Commission added battery element lithium to its critical raw materials list on Thursday and set out a plan to guarantee their supply to support a green recovery.
GM, Honda form partnership to jointly develop cars in North America
September 3 2020 -U.S. automaker General Motors and Japan’s Honda Motor Co have joined hands to make and sell a range of vehicles under their distinct brands in North America, the U.S. automaker said on Thursday.
Tesla tumbles 15% as blistering rally cools
September 3 2020 - (Reuters) - Tesla Inc shares fell as much as 15% on Wednesday, extending previous session’s losses after the electric-car maker announced a $5 billion stock offering that was aimed at cashing in on Wall Street’s heightened interest.
VW-backed U.S. battery maker QuantumScape to go public at $3.3 billion valuation
September 3 2020 - (Reuters) - QuantumScape, the 10-year-old Silicon Valley battery startup backed by Volkswagen AG (VOWG_p.DE), said on Thursday it plans to go public through a reverse merger with Kensington Capital Acquisition Corp with an enterprise value of $3.3 billion.
After Tesla's fart mode, Mercedes bets on comfort to blow customers away
September 2 2020 - SINDELFINGEN, Germany (Reuters) - Mercedes-Benz engineers are striving to meet every definition of comfort in the new S-Class sedan as they try to steal a march on rival Tesla, which wowed audiences with its “fart mode.”
Tesla tests the circuits for German energy market push
September 2 2020 - FRANKFURT (Reuters) - Elon Musk appears to be opening a new front in the European battle for electric car supremacy: the power behind the wheel.
Eskom power rationing may escalate as generators fail at multiple stations
September 2 2020 -SOUTH Africa’s power utility, Eskom, rationed electricity for a second day Wednesday and warned outages may worsen due to breakdowns at key generation units, said Bloomberg News.
Daimler pins profit revival on new Mercedes-Benz S-Class
September 2 2020 - FRANKFURT (Reuters) - Daimler (DAIGn.DE) was set on Wednesday to launch the new model of its Mercedes-Benz S-Class luxury sedan, which it hopes will help return the German carmaker to profitability next year after the coronavirus pandemic slashed demand for high-end vehicles.
SEC complaint filed over lithium mine that could threaten rare plant
September 2 2020 -Conservationists have filed a complaint with the Securities Exchange Commission accusing an Australian mining company of misleading investors about how soon it might start building a Nevada lithium mine at the centre of a fight over a rare desert wildflower.
New generation of hydrogen vehicles may use less platinum
September 1 2020 - Researchers at the University of Copenhagen have come up with a new catalyst that requires small amounts of platinum and can be used to produce cheaper and more sustainable hydrogen-powered vehicles.
Tesla says it plans to raise up to $5-billion through share offering
September 1 2020 -Tesla Inc said on Tuesday it plans to raise up to $5-billion through a share sale program to be conducted by Wall Street’s main brokerages.
Cobalt prices may drop from highs as inventories rebound, lithium prices to rise further
September 1 2020 - Battery-grade lithium carbonate prices are expected to rise slightly in early September as large-scale producers intend to raise prices as downstream users step up procurement.
Investors who missed gold rush pile into platinum funds
August 28 2020 - Platinum holdings in exchange-traded funds have surged to a record, raising the prospect of a catch-up rally for the precious metal after months of lagging gold and silver.
U.S. gives automakers at least six more months to meet 'quiet car' rules
August 28 2020 - (Reuters) - U.S automakers will have another six months to meet “quiet car” regulations requiring electric and hybrid vehicles to emit alert sounds to warn pedestrians when they approach, a federal regulator said on Friday, citing the coronavirus pandemic.
Lithium price: 50% of hard-rock miners are losing money
August 28 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 its multi-year slump.
Amazon orders 1,800 Mercedes-Benz electric vans for European deliveries
August 28 2020 - (Reuters) - Amazon.com Inc (AMZN.O) said on Friday it had ordered 1,800 electric vans from Mercedes-Benz for its European delivery fleet, as part of the online retailer’s plans to run a carbon neutral business by 2040.
Lithium: Over 50% of spodumene supply marginal in Q2 2020
August 27 2020 -Current soft market conditions for lithium chemicals are undermining the profitability of several major spodumene producers.
Rhodium price on track for new record as mine output plummets
August 27 2020 - The price of rhodium has been on a stomach-churning ride this year, rocketing from $6,050 an ounce at the start 2020 to a...
Tesla shares surge to record high, leaving rivals behind
August 27 2020 -Tesla Inc. shares continued their meteoric rise on Thursday, scoring yet another record high and further expanding the distance between the Silicon Valley electric car maker and its traditional auto industry rivals.
California approves largest ever utility program to expand EV charging
August 27 2020 - (Reuters) - California on Thursday approved a $437 million effort to build thousands of electric vehicle chargers, its utility regulator said, calling it the nation’s largest ever utility program to expand charging infrastructure.
Nickel sulphate: In high-nickel batteries, safety comes into question
August 27 2020 - Since May 2020, three cars equipped with the latest NCM811 battery cells, supplied by CATL, have caught fire in China.
Sibanye-Stillwater back in profit in first half on higher metals prices
August 27 2020 - JOHANNESBURG (Reuters) - Sibanye-Stillwater on Thursday reported a half-year profit boosted by higher precious metals prices and a weaker rand currency.
Electric cars to account for 79% of lithium demand by 2030: Chile
August 25 2020 - SANTIAGO (Reuters) - The electric car industry will dominate demand for lithium over the next ten years, Chilean state mining agency Cochilco said...
Australian lithium sector at 'crossroads' seeks foreign investment exemption
August 26 2020 - Western Australia's lithium industry wants an exemption to the federal government's proposed foreign investment reforms worrying China...
China's Ganfeng sees first-half profit halve amid lithium price slump
August 25 2020 - BEIJING, Aug 25 (Reuters) - Ganfeng Lithium , one of the world’s top lithium producers, said on Tuesday its net profit almost halved in the first six months of 2020 as prices for the commodity used in electric vehicle batteries continued to slump.
Automobile output by 11 key Chinese automakers in early August rose 46.4% on year
August 25 2020 - In early August, automobile output by 11 key Chinese automakers stood at...
Quebec government, Pallinghurst pledging up to $600-million to recapitalize bankrupt Nemaska
August 25 2020 -The Quebec government and commercial partner Pallinghurst Group are pledging up to $600-million to recapitalize Nemaska Lithium Inc. and vault the chemical company out of bankruptcy protection in a move that highlights the importance of vehicle electrification to the province’s economic strategy.
Tesla's Musk hints of battery capacity jump ahead of industry event
August 25 2020 - SEOUL (Reuters) - Tesla Inc’s (TSLA.O) chief executive Elon Musk has suggested the U.S. electric carmaker may be able to mass produce longer-life batteries with 50% more energy density in three to four years.
Electric ships – a new target for Li-ion battery producers
August 24 2020 - A report published by UK-based IDTechEx explores the potential of electric ships for lithium-ion battery producers.
Will a road race to electrify America leave PGMs in the dust?
August 24 2020 -Placing climate change at the centre of US energy policy will likely accelerate the electric vehicle (EV) shift in the US away from internal combustion engines (ICEs) and PGMs.
Electric vehicle makers find a back door to Wall Street
August 24 2020 -Steve Burns pulled together several pieces of a business venture over the last year: His company, Lordstown Motors, designed an electric pickup truck, acquired a plant and machinery from General Motors, and racked up thousands of orders.
Auto start-up Luminar to go public in $3.4 bln deal
August 24 2020 - Aug 24 (Reuters) - Autonomous vehicle start-up Luminar Technologies Inc said on Monday it would go public through a merger with blank-check firm Gores Metropoulos Inc for about $3.4 billion.
Germany working towards extracting lithium from thermal water reservoirs
August 23 2020 - Researchers at Germany’s Karlsruhe Institute of Technology have developed an environmentally friendly process to extract lithium from the salty thermal water reservoirs that are located in the Upper Rhine Trench.
U.S. judge narrows SEC lawsuit against VW over diesel emissions
August 20 2020 - (Reuters) - A U.S. judge on Thursday dismissed portions of a U.S. Securities and Exchange Commission lawsuit accusing Volkswagen AG (VOWG_p.DE) of defrauding American investors in connection with the automaker’s diesel emissions scandal.
Germany investigates Porsche over suspected petrol engine manipulation
August 24 2020 -Germany’s motor vehicle authority KBA is investigating Porsche AG over the suspected manipulation of petrol engines to achieve improved emissions data.
Tesla's soaring stock cracks $2,000 ahead of share split
August 20 2020 - (Reuters) - Shares of Tesla Inc surged past the $2,000 mark on Thursday for the first time as the electric car maker extended its recent rally ahead of an upcoming share split.
Panasonic plans to increase Tesla battery capacity and will invest more than 100 million US dollars
August 20 2020 - SHANGHAI, Aug 20 (SMM) – These are some news about lithium battery manufacturers today.
Scotiabank to pay over $127 mln for precious metals price manipulation
August 19 2020 - (Reuters) - Bank of Nova Scotia (BNS.TO) has agreed to pay more than $127 million to resolve a series of U.S. regulatory charges, including over an alleged price manipulation scheme involving unlawful trading of precious metals futures contracts, the bank said on Wednesday.
Implats to post staggering R12bn to R13bn leap in full-year headline earnings
August 20 2020 -IMPALA Platinum (Implats) said it expected to post a major improvement in annual headline earnings as production came in at the high-end of guidance amid strong dollar and rand-based pricing for platinum group metals (PGMs).
Top lithium producer SQM posts record sales, profits plagued by low prices
August 20 2020 - SANTIAGO (Reuters) - Chilean miner SQM (SQMB.SN) achieved record second-quarter sales even as low prices ravaged profits, the world’s No. 2 producer of the metal used in electric car batteries said on Wednesday.
Three-quarters of foreign mineworkers returned to SA mines despite border closures
August 20 2020 -AN estimated 8,500 foreign mineworkers had returned to South Africa, equal to three-quarters of some 11,482 thought to have gone home during the Covid-19 hard lockdown imposed by the South African government in March.
Chinese EV maker Nio launches battery leasing service, eyes global market
August 20 2020 - BEIJING/SHANGHAI (Reuters) - Chinese electric vehicle (EV) maker Nio Inc (NIO.N) has launched a battery leasing service that will allow drivers to buy an EV without owning the battery pack - one of the most expensive EV components - thereby lowering the starting price of its cars.
U.S. EV startup Canoo to go public at $2.4 billion valuation
August 18 2020 - DETROIT (Reuters) - Canoo Holdings Ltd, a U.S. electric vehicle startup already working with South Korea’s Hyundai Motor, will go public later this year at a value of $2.4 billion and aims to start delivering vehicles by the second quarter of 2022.
Govt. withdraws criminal charges against Implats relating to Covid-19 lockdown rules
August 18 2020 - THE South African government has withdrawn charges lodged against Impala Platinum (Implats) on April 17 for alleged contraventions of the National Disaster Management Act, the company said today.
Toyota to offer cars in India on lease, subscription
August 18 2020 - NEW DELHI (Reuters) - Toyota Motor Corp (7203.T) will offer its cars in India on leases or shorter-term subscriptions, hoping to tap growing demand for private transport as travelers cut down on communal journeys in the COVID-19 pandemic.
Defying Trump, California locks in vehicle emission deals with major automakers
August 17 2020 - WASHINGTON (Reuters) - The California Air Resources Board (CARB) and major automakers on Monday confirmed they had finalized binding agreements to cut vehicle emissions in the state, defying the Trump administration’s push for weaker curbs on tailpipe pollution.
Amazon to help Toyota build cloud-based data services
August 17 2020 - (Reuters) - Amazon.com Inc’s (AMZN.O) cloud computing unit will help Japan’s Toyota Motor Corp (7203.T) build a platform to help manage and monetize data gathered from the automaker’s global vehicle fleet, the companies said on Monday.
China’s CATL is developing new EV battery with no nickel, cobalt, exec says
August 16 2020 - China’s Contemporary Amperex Technology Co Ltd (CATL), a Tesla supplier, is developing a new type of electric vehicle (EV) battery that contains no nickel or cobalt, a company executive said.
Lithium in Bolivia: “always a possibility never a reality” – interview
August 16 2020 - “The Bolivian government has never adapted best practice lithium resource development structures and strategies and they should,” Emily Hersh told MINING.COM.
Indigenous groups in Chile's Atacama push to shut down top lithium miner SQM
August 14 2020 - SANTIAGO (Reuters) - Indigenous groups in Chile´s lithium-rich Atacama salt flat, fresh off a resounding legal victory earlier this week, said on Friday they will push to see top lithium miner SQM´s environmental permits revoked and its operations shut down.
Sibanye-Stillwater expects first-half profit on higher metals prices
August 14 2020 - JOHANNESBURG (Reuters) - South Africa’s Sibanye-Stillwater expects to swing to a profit in the first half of 2020, boosted by higher precious metals prices and a weaker rand currency, the miner said on Friday, sending its shares up sharply.
Volkswagen to make electric car cells, battery packs in U.S.
August 13 2020 - (Reuters) - German automaker Volkswagen AG (VOWG_p.DE) said it was expanding its Chattanooga factory in Tennessee to make electric vehicle cells and battery packs in the United States, alongside assembling electric vehicles.
Toyota, Mazda joint venture Alabama plant will now cost $2.3 billion
August 13 2020 - WASHINGTON (Reuters) - Toyota Motor Corp (7203.T) and Mazda Motor Corp (7261.T) said on Thursday they will invest $2.3 billion in a new joint venture factory in Alabama, $830 million more than announced in their original plan in 2018.
Daimler agrees to U.S. diesel settlements worth nearly $3 billion
August 13 2020 - WASHINGTON/BERLIN (Reuters) - Daimler said on Thursday it has reached agreements costing nearly $3 billion to settle civil investigations by U.S. regulators and lawsuits from vehicle owners stemming from a long-running probe into software to cheat diesel emissions tests.
California startup aims to tackle battery degradation in electric cars
August 13 2020 - (Reuters) - Lithium-ion batteries are essential to electric vehicles, but they have drawbacks: They are hard to make and degrade over time.
European battery makers power up for a green recovery
August 13 2020 - (Reuters) - European battery makers are gearing up to take advantage of massive “green” stimulus packages unveiled since the coronavirus pandemic though many acknowledge it will be tough to match the Asian giants that dominate the mainstream market.
Chilean regulator abandons SQM legal battle
August 13 2020 - Chile’s environmental regulator has withdrawn from its legal battle to defend a compliance plan by lithium miner SQM that it approved last year, according to...
S.Africa's mines minister drops challenge to court ruling on black ownership threshold
August 12 2020 -JOHANNESBURG, Aug 12 (Reuters) - South Africa’s mines minister has withdrawn an appeal of a court ruling that held that mining companies did not have to maintain at least 26% black ownership in perpetuity, the Minerals Council industry body said on Wednesday.
Lithium-ion cell manufacturing capacity pipeline could quadruple by 2030 — report
August 12 2020 - The global lithium-ion cell manufacturing capacity pipeline could rise fourfold to reach 1.3 terawatt-hours (TWh) in 2030 compared to 2019, a new report by Wood Mackenzie states.
China's CATL aims to make EVs drive further with new tech
August 12 2020 -WUHAN, China/SHANGHAI (Reuters) - China’s CATL (300750.SZ), a Tesla (TSLA.O) supplier, said on Wednesday it is working on a new technology that will allow battery cells to be integrated with an electric car’s chassis, shedding traditional casings that make battery systems bulky.
Electric carmakers seek out blank-check firms for funding as virus spooks private markets
August 12 2020 -(Reuters) - Electric commercial truck maker Nikola Corp NKLA.O of Phoenix, Arizona, tried unsuccessfully to raise $1 billion in the private markets and only turned to a merger with a so-called blank-check company to go public as a way to raise the needed funds, its chief financial officer said.
Sun setting over large platinum mines of western Bushveld as project capital dries up
August 11 2020 - THE sun may be setting on the large platinum group metal (PGM) mines of the western Bushveld, an area where the sector has its roots following the first discovery of metal some 100 years ago by famed geologist, Hans Merensky.
Tesla sets 5-1 stock split and its high-flying stock soars again
August 11 2020 -(Reuters) - Tesla Inc on Tuesday announced a five-for-one stock split, sending the electric carmaker’s recently high-flying shares up 7% in extended trade.
China auto sales surge in July
August 11 2020 -China's auto sales in July climbed 16.4% from a year earlier, the fourth consecutive month of gains as the world's biggest vehicle market comes off lows hit during the country's lockdown.
Hyundai, Aptiv name self-driving joint venture Motional
August 11 2020 -(Reuters) - South Korean automaker Hyundai Motor Co (005380.KS) and auto supplier Aptiv PLC (APTV.N) have named their self-driving joint venture Motional, the companies said Tuesday.
Stainless surge revives nickel market, but surplus still looms
August 11 2020 -LONDON (Reuters) - Rapidly rising stainless steel production in top consumer China has helped to preserve demand and prices of key ingredient nickel, but analysts still expect a supply overhang of the metal valued for its anti-corrosive properties.
Lucid says its new electric sedan is first EV with 500-mile range
August 11 2020 (Reuters) - Electric vehicle startup Lucid Motors, which aims to begin selling its first luxury model, the Lucid Air, in early 2021, said on Tuesday that the new sedan is the first to achieve a 500-mile driving range.
Fuel cell EVs become more common in heavy industry applications
August 10 2020 - Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP), the company with the technology adopted by Anglo American Platinum at the Khomanani mine in South Africa, announced that its materials have...
Exclusive: Russia's Nornickel no longer needs shareholder agreement, says co-owner
August 10 2020 -MOSCOW (Reuters) - An eight-year-old shareholder agreement signed by Russian mining giant Norilsk Nickel’s (GMKN.MM) major owners has become a relic of the past which the $44 billion miner does not need, Vladimir Potanin, its largest shareholder, told Reuters.
Livent CEO to EV industry: sign better deals or risk lithium supply
August 09 2020 -(Reuters) - The electric vehicle industry must pay more for lithium in order to spur investment and prevent future supply crunches of the battery metal, the chief executive of lithium producer Livent Corp (LTHM.N) said on Friday.
Automakers, union face ‘huge problems’ in upcoming contract talks
August 09 2020 -There will be face masks, no handshakes and fewer people at the bargaining tables when contract talks for Canada between the Big Three Detroit automakers and the Unifor union officially kick off in Toronto on Aug. 12.
Hyundai expects new family of Ioniq vehicles to drive global EV sales
August 09 2020 -(Reuters) - Korean automaker Hyundai Motor Co (005380.KS) is creating a family of electric vehicles it will sell under the Ioniq brand as part of its drive to become the world’s third-largest seller of EVs by 2025, the company said on Sunday.
Hyundai Motor shares rise as much as 10% on Ioniq EV plan
August 09 2020 -SEOUL (Reuters) - Hyundai Motor Co (005380.KS) stock jumped as much as 10.2% on Monday to its highest price since May 2018, after the automaker said it would create a family of Ioniq-brand electric vehicles (EVs) as it aims to become the third-largest EV maker by 2025.
Albemarle to shutter two lithium facilities in the US
August 07 2020 - US miner Albemarle (NYSE: ALB), the world’s no. 1 lithium producer, said this week it would temporarily shut two operations due to weaker demand for the commodity used in batteries that power electric vehicles (EVs).
Russia on track to become world’s top gold producer by 2029 – report
August 09 2020 - Despite some disruptions caused by the covid-19 pandemic, Russia is expected to surpass China as the world’s top gold producer by 2029, achieving average annual growth of 3.7% y-o-y between 2020 and 2029.
Record bullion prices give South African gold miners a lifeline, risks remain
August 07 2020 -JOHANNESBURG (Reuters) - South African gold miners are looking to cut debt and boost dividends as bullion hits record highs, with analysts and fund managers predicting a sectoral growth spurt over the next two years amid rising investor interest.
Auto supplier Magna’s sales beat as coronavirus-hit vehicle production rebounds
August 07 2020 -Auto parts maker Magna International Inc on Friday reported better-than-expected quarterly revenue and forecast full-year sales above estimates, as vehicle production in North America showed signs of a recovery from the COVID-19 pandemic.
Toyota ekes out weakest first-quarter profit in nine years as pandemic halves car sales
August 06 2020 -TOKYO (Reuters) - Toyota Motor Corp (7203.T) eked out its smallest quarterly profit in nine years as the coronavirus pandemic halved its car sales and nearly wiped out its bottom line.
Albemarle warns lithium sales sliding amidst weak EV market
August 05 2020 -(Reuters) - Albemarle Corp (ALB.N), the world’s largest producer of lithium for electric vehicle batteries, warned on Wednesday that its third quarter sales and profit will dip as automakers produce fewer EVs due to the coronavirus pandemic.
CATL to develop next-generation power batteries with Mercedes-Benz
August 06 2020 - CATL will further strengthen its cooperation with Mercedes-Benz in the field of battery technology to support the large-scale electrification of Mercedes-Benz models.
BMW loses almost $800 million as sales slide during lockdowns
August 5 2020 -FRANKFURT (Reuters) - BMW (BMWG.DE) expects to make a profit this year if demand continues to recover, despite posting a record loss for its car division in the second quarter after sales slumped 25% because of coronavirus lockdowns, it said on Wednesday.
Honda sees 68% drop in annual profit as coronavirus slams car sales
August 5 2020 -TOKYO (Reuters) - Japan’s Honda Motor Co (7267.T) on Wednesday forecast a 68% decrease in annual operating profit to a 10-year low with global demand for cars expected to slide because of the coronavirus pandemic.
Ex-Google engineer Anthony Levandowski sent to prison for stealing robocar secrets
August 4 2020 -A former Google engineer has been sentenced to 18 months in prison after pleading to guilty to stealing trade secrets before joining Uber’s effort to build robotic vehicles for its ride-hailing service.
South African miners depending on stockpiles amid site disruptions from COVID-19
July 30 2020 - South African mining companies are dipping into their stockpiles to maintain production during the pandemic as social distancing requirements limit the number of on-site employees, according to mining industry expert Roger Dixon.
Rio injects extra $200 million in Jadar lithium project
July 30 2020 - Rio Tinto said on Thursday it approved nearly $200 million for its Jardar lithium project in Serbia that will be used to fund its feasibility study.
SA Govt’s renewable energy strategy is finally starting to get some wind in its sails
August 4 2020 - South Africa’s previously successful renewable energy independent power programme (REIPP) fell on its face about five years ago, when government halted Round 4 bids for political reasons.
Brief fire kills worker at Russia's Nornickel power plant
August 3 2020 - MOSCOW (Reuters) - A fire broke out briefly due to a short circuit at Norilsk Nickel's power station in the Arctic on Monday, killing one worker, the company said in a statement.
Ottawa’s hydrogen strategy must overcome challenges of high costs, lack of industry standards
August 3 2020 -The federal government’s national hydrogen strategy envisages building a $5-billion industry that would create 100,000 jobs and include a nationwide network of hydrogen-vehicle fuelling stations by 2050 – but it must overcome challenges of high costs and a lack of cohesive industry standards.
Ford names Jim Farley CEO as Hackett set to retire
August 4 2020 -(Reuters) - Ford Motor Co (F.N) said on Tuesday acting chief operating officer Jim Farley will take over as chief executive officer effective Oct. 1.
Computing is the new horsepower, carmaker Audi says
July 30 2020 -INGOLSTADT (Reuters) - Carmakers that once competed mainly over the power of their engines are now vying over a much less tangible sort of power as they race to develop automated vehicles - computing.
Australia's Orocobre posts 27% drop in lithium output from Argentina project
July 30 2020 -(Reuters) - Orocobre Ltd said on Thursday quarterly production fell 27% at its flagship Olaroz mine, and the Australian lithium miner brought forward a planned maintenance for the Argentinian project due to a spike in COVID-19 cases at nearby operations.
Exclusive: Panasonic aims to boost energy density in Tesla batteries by 20% - executive
July 30 2020 -TOKYO (Reuters) - Panasonic Corp (6752.T) plans to boost the energy density of “2170” battery cells it supplies to Tesla Inc (TSLA.O) by 20% in five years and commercialize a cobalt-free version “in two to three years”, the head of its U.S. EV battery business said.
Anglo American CEO says miner has ‘laid the foundation’ for recovery after coronavirus crippled production
July 30 2020 -Diversified miner Anglo American on Thursday told its investors it was on track for a second-half rebound after a 39 per cent dive in profits in the first six months when lockdowns paralyzed production.
Auto industry set to put brakes on central Europe's COVID-19 recovery
July 30 2020 -BUDAPEST/PRAGUE (Reuters) - The auto industry, long a driver of economic growth in central Europe, is likely to be one of the main drags on the region’s efforts this year to recover from the impact of COVID-19.
Japan automakers post 21% slump in June global sales
July 30 2020 -TOKYO (Reuters) - Global sales of Japanese automakers slumped 21.3% on-year in June, the fourth straight month of double-digit losses, as most automotive factories and dealerships remained closed during the lockdown, data from the companies showed on Thursday.
Volkswagen cuts dividend as profits evaporate in pandemic sales slump
July 30 2020 -FRANKFURT (Reuters) - Volkswagen (VOWG_p.DE) reported a second-quarter operating loss on Thursday as vehicle deliveries dropped by almost a third due to the COVID-19 pandemic, forcing the German carmaker to cut its dividend despite a gradual rebound in demand.
GM shares rise on smaller-than-expected loss
July 29 2020 -General Motors Co on Wednesday posted a smaller-than-expected second-quarter loss, as high-margin pickup truck sales and aggressive cost-cutting helped mitigate the impact of a forced shutdown to slow the spread of the coronavirus that left its North American plants idled until May 18.
All eyes on pandemic, economy as Detroit automakers post results
July 29 2020 -(Reuters) - Detroit’s automakers will report results this week, highlighting the damage the coronavirus pandemic wrought on the second quarter, but investors will be focused on what they say about current demand as infection rates spike in key truck markets like Texas and COVID-19’s ongoing impact on the U.S. economy.
Vale develops first 100% electric locomotive in Brazil
July 28 2020 - Vale (NYSE: VALE), in partnership with Progress Rail – a Caterpillar company – is developing a new 100% electric, battery-powered switchyard locomotive.
Path to net zero: Miners are starting to decarbonize as investor pressure mounts
July 28 2020 - Mining companies worldwide are working to slash greenhouse gas emissions, but many of the largest have yet to align their goals with international targets to reach net-zero emissions by 2050.
Tesla's Musk says open to supplying batteries to other automakers
July 29 2020 -SEOUL (Reuters) - Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk said on Tuesday that the company is open to licensing software and supplying powertrains and batteries.
BMW to offer fully electric 5-series in emissions push
July 27 2020 -FRANKFURT (Reuters) - BMW (BMWG.DE) will offer a fully electric 5-series as part of sweeping product overhaul unveiled on Monday as the German carmaker seeks to lower vehicle emissions during production and on the road.
Americans are driving older cars as workers stay home, economy slows
July 28 2020 -DETROIT (Reuters) - Americans are hanging on to their cars and trucks longer, pushing the average age of vehicles on the road to the highest level in nearly 20 years even before the coronavirus hit, according to new data from IHS Markit Ltd (INFO.N).
Amplats buoyed by 80% lift in rand PGM prices, says metals to remain in deficit in 2020
July 27 2020 - ANGLO American Platinum (Amplats) paid an interim dividend of R10,23 per share (R2.8bn) and said the market for its major platinum group metals (PGMs) would remain in deficit for the remainder of this year.
Hydrogen champion Hyundai races to electric as Tesla takes off
July 27 2020 -SEOUL (Reuters) - Hyundai Motor Co (005380.KS), an early backer of hydrogen cars, has watched the electric rise of Tesla, including on its home turf. Now’s it’s going on the offensive in the battery-powered market led by its U.S. rival.
Note to Eskom: Mind the death spiral
July 24 2020 - ESKOM is likely to need another bailout from South Africa’s government next year as the impact of the country’s COVID-19 lockdown on the economy curbs its electricity sales for months to come.
SA emission strategies improving but Eskom, Sasol are worrisome outliers
July 24 2020 - In the next few months, broad discussions will begin on revising the greenhouse gas emissions (GHG) limits to which South Africa was committed – after very little consultation – by minister Buyelwa Sonjica at the December 2009 Copenhagen COP Summit.
Daimler flags recovery signs, sees Mercedes-Benz EBIT rising this year
July 23 2020 -FRANKFURT (Reuters) - Daimler (DAIGn.DE) on Thursday flagged signs of recovering demand for top-end Mercedes-Benz models and electric vehicles, sending its shares higher.
'Please mine more nickel,' Musk urges as Tesla boosts production
July 23 2020 -BEIJING/MELBOURNE (Reuters) - Tesla Inc (TSLA.O) boss Elon Musk urged miners to produce more nickel, a key ingredient in the batteries that power the company’s electric cars, warning the current cost of batteries remained a big hurdle to the company’s growth.
Audi expects pre-pandemic car sales levels by 2022/2023: paper
July 23 2020 -FRANKFURT (Reuters) - Volkswagen’s (VOWG_p.DE) luxury car unit Audi expects car sales to reach pre-COVID-19 levels only by 2022 or 2023, Chief Executive Markus Duesmann told a German business daily.
South Africa's Impala Platinum expects 20% jump in annual earnings
July 23 2020 - South Africa's Impala Platinum Holdings Ltd (Implats) said on Thursday it expects a jump in annual earnings, boosted by higher metals prices.
South Korean battery rivals' U.S. legal case turns into fight for jobs
July 21 2020 -SEOUL (Reuters) - South Korea’s rival battery-makers LG Chem and SK Innovation, which supply Volkswagen, Ford and GM, are caught in a growing row in the United States as the quest to create jobs complicates an ongoing legal fight, documents seen by Reuters show.
How Tesla defined a new era for the global auto industry
July 22 2020 -FRANKFURT/BEIJING/DETROIT (Reuters) - Tesla Inc’s (TSLA.O) rapid rise to become the world’s most valuable carmaker could mark the start of a new era for the global auto industry, defined by a Silicon Valley approach to software that is overtaking old-school manufacturing know-how.
German prosecutors search offices in Fiat, Iveco emissions probe
July 22 2020 -FRANKFURT/MILAN (Reuters) - Fiat Chrysler (FCA) and CNH Industrial offices were searched on Wednesday in Germany, Italy and Switzerland as part of a probe initiated by German prosecutors investigating emissions fraud.
Green energy ratchets up power during coronavirus pandemic
July 22 2020 -LONDON (Reuters) - Renewable power has taken up a record share of global electricity production since the onset of the coronavirus pandemic, according to a Reuters review of data, suggesting a transition away from polluting fossil fuels could be accelerated in the coming years.
Platinum and palladium will creep higher as auto sector returns to life: Reuters poll
July 21 2020 -LONDON (Reuters) - Analysts and traders have cut their forecasts for autocatalyst metals platinum and palladium as the coronavirus outbreak curtails vehicle sales, but they still expect prices for both to rise gradually through 2021, a Reuters poll showed.
Toyota sees further recovery in global car production in August
July 20 2020 -TOKYO (Reuters) - Toyota Motor Corp (7203.T) will make 2% fewer vehicles globally in August than originally planned, the Japanese automaker said on Tuesday, as output recovers gradually from a steep drop because of the coronavirus pandemic.
Russia's Nornickel to double coronavirus spending to almost $280 mln
July 17 2020 -MOSCOW, July 17 (Reuters) - Russian mining giant Norilsk Nickel on Friday said it would double its spending this year on measures to protect against the coronavirus outbreak to 20 billion roubles ($278.5 million).
Amplats acknowledges 2020 headwinds persist including impact of renewed loadshedding
July 16 2020 - ANGLO American Platinum (Amplats) said a processing facility it repaired in May was now running at full capacity after briefly shutting it down for a week.
Cobalt price: BMW avoids the Congo conundrum – for now
July 17 2020 - German luxury vehicle maker BMW this week signed a $2.3 billion long-term deal with Swedish battery maker Northvolt, the latest of such deals, as European carmakers try to compete with Tesla in the burgeoning electric vehicle market.
U.S. judge approves transfer of jailed former VW executive to Germany
July 16 2020 -WASHINGTON/MUNICH (Reuters) - A U.S. judge in Detroit on Thursday approved the transfer to Germany of a former Volkswagen AG (VOWG_p.DE) executive imprisoned in the automaker’s diesel emissions scandal.
Hydrogen - breathing new life into the platinum market
July 20 2020 -Despite declining supply, the platinum market is forecast to be in a fundamental surplus until the late 2020s.
Fighting a common enemy sees SA’s unions and mining firms call informal truce, at least for now
July 16 2020 - South Africa’s main mining unions have expressed concerns about the sector’s reboot in the face of the COVID-19 pandemic.
Nissan plans 30 per cent cut in car output to December as COVID-19 hits demand, sources say
July 16 2020 -Nissan Motor Co is planning a 30 per cent year-on-year cut in global vehicle production through December as falling demand due to the COVID-19 pandemic complicates its turnaround efforts, two sources with knowledge of the matter told Reuters.
Russia's Nornickel to cooperate with Russian Platinum on Arctic deposit
July 16 2020 -MOSCOW (Reuters) - Russian mining giant Norilsk Nickel (Nornickel) and Russian Platinum, backed by Russian businessman Musa Bazhaev, will cooperate in developing the Chernogorkoye platinum deposit in Siberia, Russian Platinum said on Thursday.
SA mining production down 29.8% in May, but rate of decline slowed from April
July 15 2020 - THE rate of decline in South African mining production slowed in May compared to April as lockdown measures aimed at containing the spread of Covid-19 disease were relaxed, said BusinessLive.
'Hands free': Automakers race to next level of not quite self-driving cars
July 15 2020 -DETROIT (Reuters) - Autopilot, ProPilot, CoPilot: Automakers have many names for new systems that allow for hands-free driving, but no safety or performance standards to follow as they roll out the most significant changes to vehicle technology in a generation.
SA to fail COVID-19’s ‘great reset’ unless Ramaphosa can force through reform
July 15 2020 - Many in the world are talking of “the great reset”, which it is hoped will see the emergence of a fairer world, a greener world and a world more deeply concerned about the human impact on the planet.
Volkswagen brand freezes new hiring until end 2020
July 15 2020 -Volkswagen has stopped hiring new staff at its core brand until year end, VW’s brand’s chief said on Wednesday.
Russia's Nornickel board to discuss Rusal demands this month
July 15 2020 -MOSCOW (Reuters) - The board of Russia’s Norilsk Nickel on Wednesday said it would discuss demands from its major stakeholder Rusal later this month for it to overhaul its environmental policies and change its management after a fuel spill in Siberia.
15 U.S. states to jointly work to advance electric heavy-duty trucks
July 14 2020 -WASHINGTON (Reuters) - A group of 15 U.S. states and the District of Columbia on Tuesday unveiled a joint memorandum of understanding aimed at boosting the market for electric medium- and heavy-duty vehicles and phasing out diesel-powered trucks by 2050.
South Korea to spend $95 billion on green projects to boost economy
July 14 2020 -SEOUL (Reuters) - South Korea outlined a plan on Tuesday to spend 114.1 trillion won ($94.6 billion) on a "New Deal" to create jobs and help the...
South Africa imposes curfew and alcohol ban as hospitals overwhelmed
July 12 2020 -With hospitals overwhelmed and oxygen shortages mounting, the South African government is imposing an alcohol ban and a nightly curfew in an attempt to defend its health system from a relentless rise in COVID-19 cases.
Russia's Nornickel reports another fuel leak in Arctic
July 12 2020 -MOSCOW (Reuters) - Russian mining giant Norilsk Nickel said on Sunday that around 45 tonnes of aviation fuel had leaked from its pipeline in the Arctic.
Bigger is better: storage growth boosts ruthenium demand
July 13 2020 - The ruthenium market is predicted to be close to balance by the end of the year.
Tesla slashes Model Y SUV price as pandemic weighs on auto sector
July 11 2020 -(Reuters) - Tesla Inc (TSLA.O) cut the price of its sport utility vehicle Model Y by $3,000, just four months after its launch, as the U.S. electric carmaker seeks to maintain sales momentum in the COVID-19 pandemic.
CAAM: China car production and sales hit record highs in June
July 12 2020 - Data from the China Association of Automobile Manufacturers (CAAM) showed that 2.33 million and 2.3 million automobiles were produced and sold, respectively, in China last month.
Electric car maker Fisker to go public through SPAC deal at $2.9 billion valuation
July 13 2020 -(Reuters) - Electric car maker Fisker will go public through a merger with a blank check company backed by private equity firm Apollo Global Management Inc at a valuation of $2.9 billion, the companies said on Monday.
Daimler talks with workers heat up, with 15,000 jobs at risk
July 13 2020 -FRANKFURT (Reuters) - Labour representatives at German carmaker Daimler (DAIGn.DE) said on Monday that discussions with management over cost cuts had become “rougher”, after a board member said over the weekend that more than 15,000 jobs were at risk.
Honda invests in China's CATL to jointly develop EV batteries
July 10 2020 -BEIJING/TOKYO (Reuters) - Japan’s Honda Motor Co Ltd (7267.T) will buy a 1% stake in Chinese electric vehicle (EV) battery maker Contemporary Amperex Technology (CATL) (300750.SZ) and the two will jointly develop EV batteries, the companies said on Friday.
Tesla rival Rivian adds $2.5 billion investment led by T. Rowe Price
July 10 2020 -(Reuters) - Electric vehicle startup Rivian, which is backed by Amazon (AMZN.O) and Ford Motor (F.N) and aims to put an electric pickup and SUV in production in 2021, boosted its war chest further with a $2.5-billion investment round led by T. Rowe Price (TROW.O), Rivian said Friday.
Russia's Nornickel fights cover-up accusations over Arctic oil spill
July 10 2020 -MOSCOW (Reuters) - Pressure is mounting on Russian mining company Norilsk Nickel over an Arctic oil spill that has wiped about 17% off its share price, left it with a hefty compensation bill and exposed it to accusations of covering up the full extent of the damage.
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.
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.
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.
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