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AUTO SALES: China to exempt Tesla cars from 10% purchase tax

  • Date: 02-09-19
  • Category: AUTO SALES
  • Source: Reuters

BEIJING (Reuters) - China will exempt Tesla Inc’s (TSLA.O) electric vehicles from its purchase tax, the Ministry of Industry and Information Technology (MIIT) said on Friday, a concession made amidst trade tensions with the United States.

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NICKEL: Nickel hits five-year high as price surge continues

  • Date: 02-09-19
  • Category: NICKEL
  • Source: Financial Times

Nickel’s breathtaking advance continued on Monday after Indonesia said it would halt exports of the metal in 2020 as Jakarta steps up efforts to build a local smelting industry.

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PGM PRODUCERS: Mineworkers stage sit-in at Impala Platinum Mine

JOHANNESBURG - Around 400 mineworkers are staging an underground sit-in at Impala Platinum Mine near Rustenburg.

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PGM PRODUCERS: Northam Platinum buys R1bn worth of Zambezi preference shares from Govt.’s PIC

NORTHAM Platinum has bought additional Zambezi Platinum preference shares to the tune of just over R1bn, the company said today.

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PGM PRODUCERS: ARM releases R800m in funds over two years to expand Two Rivers platinum mine

AFRICAN Rainbow Minerals (ARM) will spend about R350m in the next two years on its share of the costs expanding the milling plant at Two Rivers platinum mine. Another R444m has been earmarked to extend the tailings dam to match the increased capacity, the group’s financial director, Abigail Mukhaba said on Friday.

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PLATINUM: Strong Platinum ETF Demand Trumps Sluggish Automotive Demand

  • Date: 30-08-19
  • Category: PLATINUM
  • Source: Seeking Alpha

Platinum demand hit by slowing automotive sector.

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RHODIUM: Is Rhodium Pulling A Thelma & Louise On Us?

  • Date: 30-08-19
  • Category: RHODIUM
  • Source: Kitco

For three years I have been preaching to all of Precious Metals industry analysts that this structural deficit on Rhodium is just getting worse and worse. The Rhodium fix since 2016 reflects that. April 1, 2016 saw Rhodium at $740/Toz. Today, August 30, 2019 it’s at $5,000/Toz. That is a whopping 6.75x increase.

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PGM PRODUCERS: Sibanye-Stillwater Announces a Loss for 1st-Half of 2019

Shares of Sibanye-Stillwater (NYSE:SBGL) fell nearly 2% to $5.54 at close on Thursday after the South African precious metals miner posted a loss of $19 million for the first half of 2019 as a result of workers being on an extended strike at gold operations in South Africa.

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