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CORONAVIRUS: Chinese automakers produce face masks to fight coronavirus

  • Date: 10-02-20
  • Category: CORONAVIRUS
  • Source: Auto News

China made more than 5 billion face masks last year but there is still a shortage as the number of coronavirus infections increases.

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SOUTH AFRICA: PGMs to play ever increasing roles in greener, cleaner world – Anglo Platinum

  • Date: 10-02-20
  • Category: SOUTH AFRICA
  • Source: Mining Weekly

JOHANNESBURG (miningweekly.com) ­– Platinum group metals (PGMs) mining company Anglo American Platinum is convinced that PGMs are poised to play increasingly significant roles in a greener, cleaner world, driven by favourable new opportunities presented by societal megatrends.

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ELECTRIC VEHICLES: Nikola Unveils the Nikola Badger Pickup

PHOENIX, AZ (February 10, 2020) -- Nikola Corporation is excited to announce the product launch of the Nikola Badger electric pickup truck with an estimated range of 600 miles. Unlike anything on the market, the advanced electric pickup is designed to target and exceed every electric or petrol pickup in its class. The Badger is engineered to deliver 980 ft. lbs. of torque, 906 peak HP and 455 continuous HP. 

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BATTERIES: Jaguar pauses I-Pace production due to battery shortages

  • Date: 10-02-20
  • Category: BATTERIES
  • Source: Electrek

The shutdown of their production line in Graz, Austria will last a week starting next Monday. Jaguar isn’t the first company to have recent battery supply issues. We’ve seen production target cuts from Audi on their e-tron and Mercedes on their EQC due to supply issues from LG Chem.

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ACQUISITIONS: Sibanye-Stillwater chief hails Lonmin deal

  • Date: 09-02-20
  • Category: ACQUISITIONS
  • Source: Financial Times

The chief executive of South Africa’s Sibanye-Stillwater hailed as a success its acquisition of Lonmin, a rival platinum producer, and forecast that dividend payments could resume this year.

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PGM PRODUCERS: Implats expects 62% rise in interim earnings

CAPE TOWN – Impala Platinum (Implats) on Thursday announced that the group was anticipating a jump of up to 62 percent in its interim headline earnings to R3.6 billion on bumper metal prices.

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PGM PROJECTS: Russia considering $1 billion loan to Nornickel for Arctic project: Ifax

MOSCOW (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.

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CORONAVIRUS: Impacts of Coronavirus Containment Effort Ripple Through Global Economy

  • Date: 06-02-20
  • Category: CORONAVIRUS
  • Source: IHS Markit

Coronavirus will have a larger negative effect on the global economy than the SARS outbreak in 2003. At the time of SARS, China was the sixth largest economy, accounting for only 4.2% of world GDP. China is now the world’s second largest economy, accounting for 16.3% of world GDP. Therefore, any slowdown in the Chinese economy sends not ripples but waves across the globe.

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