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AUTO PRODUCTION: Panasonic suspends work at Tesla’s Nevada fab as carmaker’s California and New York gigafactories pause

Panasonic said it would send home around 3,500 Reno factory workers for two weeks from early this week – with pay and benefits – according to The Reno Gazette-Journal newspaper. The move affects the battery line. Tesla workers at the Reno site will continue to build power trains for the Model 3 car for the time being.

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LITHIUM: China's Tianqi postpones commissioning of Australia lithium plant amid liquidity problems

  • Date: 22-03-20
  • Category: LITHIUM
  • Source: Reuters

BEIJING, March 22 (Reuters) - Tianqi Lithium Corp , one of the world’s biggest lithium producers, said on Sunday it had postponed commissioning of the first phase of its flagship Australian processing plant due to rising liquidity problems after the coronavirus outbreak.

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PGM PROJECTS: Nornickel announces the withdrawal of Russian Platinum from the Arctic Palladium project

Moscow — PJSC MMC Norilsk Nickel the world’s largest of palladium and high-grade nickel and a major producer of platinum and copper, reports today that Russian Platinum has notified the Company of its decision to terminate the negotiations regarding Arctic Palladium JV and to proceed with the development of the Chernogorskoye Deposit and the southern part of the Norilsk-1 Deposit on its own. This decision owes to UC RUSAL, one of Nornickel’s shareholders, not issuing due corporate approvals to N

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AUTO PRODUCTION: Incentives and postponing CO2 goals will help industry out of virus crisis, lobby group boss says

TURIN -- New-car sales have plunged in Europe as the coronavirus wreaks havoc with demand and governments likely will have to offer big incentives to boost demand when normality resumes. The pandemic is also causing supply chain disruption that will likely affect European automaker's plans to roll out electrified models that they need to hit tough EU CO2 reduction targets.

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COVID-19: COVID-19 uncertainty: how long until a clearer view emerges?

  • Date: 19-03-20
  • Category: COVID-19
  • Source: LMC Auto

In a conversation with a colleague recently, he remarked that the violent stock market gyrations of recent days were probably worsened by the fact that there seems to be no clear reference point on which a plausible outlook can be based. How long will the lockdowns be needed? Which sectors will be impacted? How hard? It is therefore impossible for investors to know how to value anything. This sounds correct.

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AUTO SALES: Passenger car registrations: -7.4% first two months of 2020; -7.4% in February

  • Date: 18-03-20
  • Category: AUTO SALES
  • Source: ACEA

In February 2020, the EU passenger car market contracted by 7.4% to 957,052 units registered. This decline was the result of a combination of factors, including changes to vehicle taxation in various EU member states (which brought registrations forward to December 2019), weakening global economic conditions and consumer uncertainty. Germany recorded the most significant drop (-10.8%), followed by Italy (-8.8%), Spain (-6.0%) and France (-2.7%).

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EMISSIONS: FADA asks for BSVI deadline extension to May 31

  • Date: 18-03-20
  • Category: EMISSIONS
  • Source: Overdrive

The ongoing spread of the COVID-19 disease and the measures the government has announced to contain its spread has hit auto dealers looking to clear BSVI inventory hard. The Federation of Automobile Dealers Associations (FADA) has now appealed to the Supreme Court to consider extending the deadline for implementation of BSVI standards to May 31. The dealer body had made a similar appeal in February but the Court had turned it down then. The current cut-off date for sale of BSIV vehicles is April

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HYDROGEN: Miners collaborate on green hydrogen

  • Date: 18-03-20
  • Category: HYDROGEN
  • Source: Mining Magazine

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

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