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PGM PROJECTS: Implats casts further doubt on $874m Waterberg JV saying it is “treading cautiously”

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).

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AUTO SALES: JATO: electrified vehicles 13% of new car reg in Europe in January 2020; electrified vehicles only growth-driver

  • Date: 10-03-20
  • Category: AUTO SALES
  • Source: Green Car Congress

After a large increase of new vehicle registrations in Europe in December 2019, volumes for January decreased, marking another month of transition for the complex new car market. A total of 1,138,057 new passenger cars were registered in Europe in January 2020, representing a decline of 7.6% from January 2019, according to JATO Dynamics. This steep reduction was in large part caused by the last-minute purchases made in December, due to the impending introduction of the new CO2 emissions regulati

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AUTO SALES: US plug-in electric vehicle sales decline in 2019 due to softer PHEV sales; ~2% of market

  • Date: 10-03-20
  • Category: AUTO SALES
  • Source: Green Car Congress

Following a year of rapid growth in 2018, in which sales nearly doubled from the previous year, sales of plug-in electric vehicles in the US declined in 2019, due to lower sales of plug-in hybrid electric vehicles.

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AUTO SALES: Steeper decline expected for Chinese auto market

  • Date: 10-03-20
  • Category: AUTO SALES
  • Source: Shine.cn

China’s passenger car sales are expected to decline 8 percent in 2020, according to the latest figures from the China Passenger Car Association (CPCA).

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AUTO SALES: European Carmakers Worry Coronavirus Outbreak May Hurt Sales

  • Date: 10-03-20
  • Category: AUTO SALES
  • Source: New York Times

European auto manufacturers have so far defied expectations that supply chain chaos would bring their assembly lines to a standstill. Even after northern Italy, an important node in the global parts network, went into lockdown on Sunday, carmakers like BMW, Daimler, Fiat, Peugeot and Volkswagen said on Monday that production was normal.

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COBALT: Restrictions on sourcing of cobalt are changing

  • Date: 10-03-20
  • Category: COBALT
  • Source: PV Magazine

New EU regulations, which are set to come into effect in 2021, impose significantly stricter compliance obligations on all companies in the minerals supply chain. All companies, from miners to electronic goods manufacturers, will be required to (i) demonstrate that they have the correct due diligence practices in place; (ii) identify other actors in their supply chains; and (iii) verify that these other actors have also implemented the correct procedures.

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ESKOM: Eskom Ramps Up Power Cuts After Fault at Nuclear Plant

  • Date: 10-03-20
  • Category: ESKOM
  • Source: Bloomberg

South Africa’s struggling state power utility doubled the severity of nationwide power cuts on Tuesday after its sole nuclear plant, which it considers its most reliable generation facility, experienced problems with one of its turbines.

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PGM PRODUCERS: Sibanye keeps workers safe during underground fire incident at Kroondal

The National Union of Mineworkers (NUM) has expressed concern around an incident that happened at Sibanye-Stillwater’s Kroondal mine, in Rustenburg, on Monday, which required 378 mineworkers being kept underground for safety reasons.

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