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PGM PROJECTS: New Age Metals Inc. Closes Private Placement for $2-million

  • Date: 03-02-20
  • Category: PGM PROJECTS
  • Source: New Age Metals

February 3, 2020 Rockport, ON, Canada – New Age Metals Inc. (the “Company”) (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J) has closed a fully subscribed private placement of 40 million units for aggregate gross proceeds of $2-million managed by IBK Capital Corp. Each Unit consisted of one common share and one common share purchase warrant (“Warrant”), where each Warrant entitles the holder to purchase one additional common share at a price of $0.10 per share for a period of two (2) years from the date of closing.

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BATTERIES: PSA Group And Saft Announce Two EV Battery Gigafactories

  • Date: 03-02-20
  • Category: BATTERIES
  • Source: Inside EVs

French battery manufacturer Saft (part of Total since 2016) and the PSA Group (with its Opel brand) officially announced plans for two lithium-ion EV battery cell plants in Europe.

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SEMICONDUCTORS: Chip Industry Had Worst Sales Year Since Dot-Com Bubble Burst

The semiconductor industry last year suffered its worst annual slump in almost two decades, hurt by a trade war between the largest chip producer, the U.S., and the largest consumer, China.

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PGM PRODUCERS: Zimplats Q4 platinum output fell 19%

Cape Town — Zimplats Holdings said Saturday its platinum output dropped 19% in Q4 year on year and was 24% lower than the Q3, to 53,107 oz.

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AUTO SALES: Car industry could see price war on hybrid vehicles in 2020

  • Date: 02-02-20
  • Category: AUTO SALES
  • Source: The Guardian

Some carmakers are struggling to hit tough new EU carbon emission rules introduced in January, which force them to reduce the amount of carbon dioxide their vehicles emit. This may force auto firms to slash prices on lower-emitting plug-in hybrid electric vehicles (PHEVs) to encourage consumers to buy them, according to the investment bank UBS.

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ESKOM: Eskom repairs will take 18 months so brace for power cuts — Eskom CEO

  • Date: 01-02-20
  • Category: ESKOM
  • Source: Dispatch Live

Eskom expects that the maintenance programme to fix its generation infrastructure will carry on for about 18 months.

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AUTO SALES: Automakers brace for crisis as coronavirus wreaks havoc in China

  • Date: 31-01-20
  • Category: AUTO SALES
  • Source: Auto News

PARIS/TOKYO -- Forget about clinging to hopes that China, the world's largest car market, will recover from its unprecedented two-year slump anytime soon. Though concrete estimates on the financial toll of the coronavirus outbreak are still scarce, signs are emerging that the final cost will far outweigh that of the 2003 SARS epidemic, when China's auto market was one-sixth the size it is today and smaller than that of Japan.

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ESKOM: Eskom’s De Ruyter opens account with warning to brace for more frequent, heavier load-shedding

  • Date: 31-01-20
  • Category: ESKOM
  • Source: Energy MX

SOUTH Africa’s beleaguered power utility, Eskom, told its customers to brace for regular rotational power cuts over the next 18 months as it embarks on an aggressive maintenance plan to overhaul its ageing coal-fired plants and halt a prolonged period of unexpected breakdowns.

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