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BATTERIES: LG Chem plans to invest $424 million for battery material plant in South Korea

  • Date: 25-07-19
  • Category: BATTERIES
  • Source: Reuters

SEOUL (Reuters) - South Korean battery maker LG Chem Ltd said on Thursday it had agreed to invest 500 billion won ($424.03 million) to build a factory in South Korea to produce cathode material for lithium-ion batteries.

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AUTO SALES: China's car sales expected to recover in H2

  • Date: 25-07-19
  • Category: AUTO SALES
  • Source: Xinhuanet

BEIJING, July 25 (Xinhua) -- China's car production and sales are both expected to recover in the next half of this year as car dealers have ratcheted up promotion before new emission standards took effect in some regions ahead of schedule, the China Securities Journal reported Thursday.

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BATTERIES: Tesla results: solar down, batteries up

  • Date: 25-07-19
  • Category: BATTERIES
  • Source: PV Magazine

Elon Musk’s EV and energy company is becoming increasingly irrelevant in the rooftop solar market, but battery sales are booming.

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PGM PRODUCERS: Anglo posts 45% increase in earnings

Anglo American continued to ride the wave of high demand and increasing commodity prices on its custom-made board of low costs and higher value products in the six months to June. While mining and sales volumes decreased in just about all of its divisions and revenue increased by only 8%, profit attributable to shareholders increased by a huge 46% in dollar terms.

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INVESTMENT: Billionaire Agarwal Walks Away From Anglo American Stake

  • Date: 25-07-19
  • Category: INVESTMENT
  • Source: Bloomberg

Indian billionaire Anil Agarwal, once the biggest shareholder in Anglo American Plc, plans to exit his stake in the diversified mining company..

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PGM PRODUCERS: Anglo American joins the share buyback club

Anglo American has announced plans for a $1bn share buyback after the miner reported it best half-year results since 2011 on the back of surging iron ore prices.

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ELECTRIC VEHICLES: Evergrande, Germany's Hofer to develop EV powertrains

China Evergrande Group has formed a joint venture with German automotive powertrain specialist Hofer to develop electric vehicle powertrains as the leading Chinese real-estate developer seeks to expand its presence in the domestic EV sector.

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LITHIUM: Cornish Lithium exceeds £1m crowdfunding target

  • Date: 25-07-19
  • Category: LITHIUM
  • Source: Mining Weekly

The British mining company that turned to crowdfunding to raise cash for its lithium project in south-west England has successfully met its target of £1-million – 12 days after launching its campaign.

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