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PGM PROJECTS: Eurasia Mining climbs as it says licence applications for Monchetundra and West Kytlim “progressing well”

  • Date: 04-12-19
  • Category: PGM PROJECTS
  • Source: Pro Active Investors

Eurasia Mining PLC (LON:EUA) climbed on Wednesday as it said licence applications for its Monchetundra and West Kytlim projects in Russia were “progressing well” as it advanced plans to expand its presence in the area.

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AUTO PRODUCTION: Maruti to raise prices next month to pass on rise in input costs

Maruti Suzuki India Limited today said it would increase prices of its various models in January to pass on the rise in input costs. The company did not specify the quantum of the price hike or its effective date. The announcement of a price hike comes even as companies, including Maruti, have struggled to sell their products, owing to various reasons. Maruti’s total monthly wholesale sales in November were 3.2% lower from a year ago at 141,400 units.

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RECYCLING: India scrappage policy: No direct sops for junking old cars

  • Date: 03-12-19
  • Category: RECYCLING
  • Source: Economic Times

NEW DELHI: The government is unlikely to offer any direct incentives for junking old vehicles but will empower states and automakers to provide sops against scrapping certificates.

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AUTO PRODUCTION: Carmakers Shed 80,000 Jobs as Electric Shift Upends Industry

It’s turning out to be one of the worst years ever for auto workers across the globe amid shrinking demand and a tectonic shift in vehicle technology, with Daimler AG and Audi announcing almost 20,000 job cuts in just the past week.

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AUTO SALES: India Light Vehicle Sales Update November 2019

  • Date: 03-12-19
  • Category: AUTO SALES
  • Source: LMC Automotive

India’s Light Vehicle (LV) wholesales in October spiked to 336k units (-2% YoY), from an average of 288k in the previous nine months. This was due, in part, to automakers stocking up for the festival season.

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BATTERIES: Battery Pack Prices Fall As Market Ramps Up With Market Average At $156/kWh In 2019

  • Date: 03-12-19
  • Category: BATTERIES
  • Source: BloombergNEF

Shanghai and London, December 3, 2019 – Battery prices, which were above $1,100 per kilowatt-hour in 2010, have fallen 87% in real terms to $156/kWh in 2019. By 2023, average prices will be close to $100/kWh, according to the latest forecast from research company BloombergNEF (BNEF).

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DIESEL: Why India's diesel demand is contracting, and what it means

  • Date: 03-12-19
  • Category: DIESEL
  • Source: Reuters

MUMBAI (Reuters) - India’s demand for diesel is slowing as the country’s car fleet shifts predominantly to gasoline, trucks get more efficient and solar pumps displace diesel-fed units across the countryside.

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FUEL CELLS: Rolls Royce and Mercedes launch fuel cell venture

  • Date: 03-12-19
  • Category: FUEL CELLS
  • Source: The Engineer

Rolls-Royce Power Systems, a German subsidiary of the gas turbine, aerospace and nuclear giant, is collaborating with Lab1886, an innovation laboratory that is part of Mercedes-Benz, to develop and deploy hydrogen fuel cells for stationary power generation. The units, to be sold under the brand name MTU, are aimed specifically at providing continuous and emergency power for safety-critical applications such as data centres.

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