Consulting analysts in tomorrow’s commodities and technologies

News

ELECTRIC VEHICLES: Jaguar to make multi-million pound electric car investment in UK plant

LONDON (Reuters) - Britain’s biggest carmaker Jaguar Land Rover is making a multi-million pound investment to build electric vehicles in its home market, in a major boost to a sector hit by a slump in diesel sales and Brexit uncertainty.

View full story

FUEL CELLS: Toyota to supply hydrogen fuel-cell tech to China's FAW, Higer Bus

  • Date: 05-07-19
  • Category: FUEL CELLS
  • Source: Reuters

BEIJING (Reuters) - Toyota Motor Corp will supply key hydrogen fuel-cell parts to Chinese automakers FAW and Higer Bus, as the Japanese automaker tries to promote the technology it continues to view as superior to rapidly spreading battery-powered vehicles.

View full story

AUTO SALES: Midsize SUV demand dips on CO2 pinch; electrification key to rebound

  • Date: 05-07-19
  • Category: AUTO SALES
  • Source: Europe Auto News

The urgent need to lower vehicle emissions in Europe ahead of tougher CO2 rules that start to take effect next year is hitting sales of midsize SUVs.

View full story

INDIA: Government hikes import duty on gold, silver, platinum from 10% to 12.5%

  • Date: 05-07-19
  • Category: INDIA
  • Source: The Hindu

The government on Friday proposed to increase import duty on precious metals, including gold, silver and platinum, a move which will make them expensive in the domestic market. Finance Minister Nirmala Sitharaman said in her Budget speech that “it is proposed to increase custom duty on gold and other precious metals from 10% to 12.5%.”

View full story

BATTERIES: Growing anxiety over global EV battery shortages

  • Date: 05-07-19
  • Category: BATTERIES
  • Source: Tech Central

Automakers to trading houses from North America to Europe are becoming more concerned about future supply shortages of key materials needed for electric vehicle batteries as spending on new production soars, according to the developer of a US$1.5-billion project in Australia.

View full story

ZIMBABWE: World Bank upgrades Zim status

  • Date: 05-07-19
  • Category: ZIMBABWE
  • Source: Zimbabwe Herald

The World Bank has upgraded Zimbabwe from a “Low Income Economy” to a “Lower Middle Income Economy”, signifying a positive shift that is in tandem with President Mnangagwa’s vision of transforming Zimbabwe into an “Upper Middle Income” economy by 2030. The classification of Zimbabwe as a lower-middle income economy is for the period 2019 to 2020 and is effective from July 1 this year.

View full story

PGM PROJECTS: Generation Mining options Sibanye-Stillwater's Marathon project in Ontario

  • Date: 05-07-19
  • Category: PGM PROJECTS
  • Source: Northern Miner

Financier Jamie Levy and mine builder Kerry Knoll have been busy since selling Pine Point Mining and its zinc project in the Northwest Territories last year to Osisko Metals (TSXV: OM) for $35 million. Through their company Generation Mining (CSE:...

View full story

PGM PRODUCERS: Royal Bafokeng Platinum slams allegations of fraud against its directors

Royal Bafokeng Platinum has hit back at allegations of unethical conduct by its directors. The platinum miner on Thursday issued a notice to shareholders, shortly after markets closed, in response to a report by The Star that the South African Institute of Chartered Accountants (Saica) is investigating six of Royal Bafokeng Platinum's (RBPlat) board members for allegedly trying to defraud a firm – Ithemba Consulting.

View full story