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PALLADIUM: Palladium Smashes $1,500 as Shortages Ignite Record-Breaking Rally

  • Date: 20-02-19
  • Category: PALLADIUM
  • Source: Bloomberg

Palladium surged above $1,500 an ounce to a record, extending a powerful rally that’s been driven by an acute shortage of supply as car manufacturers scramble to get hold of the material to meet stringent emissions controls. The advance will benefit top suppliers in Russia and South Africa.

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JEWELLERY: Chow Tai Seng's 2018 net profit rose 36.16% to 806 million

  • Date: 20-02-19
  • Category: JEWELLERY
  • Source: Chow Tai Seng

Chow Tai Seng (002867.SZ) released the 2018 annual performance report, achieving operating income of 4.87 billion yuan, an increase of 27.97%; operating profit of 1.026 billion yuan, an increase of 30.67%; total profit of 1.059 billion yuan, an increase of 34%, attributable to listed companies The net profit of shareholders was 806 million yuan, a year-on-year increase of 36.16%; the basic earnings per share was 1.68 yuan.

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BATTERIES: Germany and France Launch $2 Billion Kick-Start for Battery Cells

  • Date: 19-02-19
  • Category: BATTERIES
  • Source: Bloomberg

France and Germany are pooling efforts to kick-start battery cell production in Europe aiming to take on rivals from Asia which dominate the global market, top officials from both nations said.

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AUTO SALES: Carmakers to Face More Pain as Sales in China Keep Sliding

  • Date: 18-02-19
  • Category: AUTO SALES
  • Source: Bloomberg

Car sales in China continued to decline in January after their first full-year slump in more than two decades, adding to pressure on automakers who bet heavily on the market amid waning demand for cars from the U.S. to Europe.

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AUTO PRODUCTION: Honda to Shut U.K. Factory in Latest Blow as Brexit Looms

Honda Motor Co. said it plans to close its factory in the U.K. in the biggest blow yet to the British auto industry already buckling under thousands of job cuts and the loss of key models in the run-up to Brexit.

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BATTERIES: DOE launches its first Li-ion battery recycling R&D center: ReCell; driving toward closed-loop recycling

  • Date: 16-02-19
  • Category: BATTERIES
  • Source: Green Car Congress

The US Department of Energy (DOE) has launched its first lithium-ion battery recycling center, called the ReCell Center. Recycled materials from lithium-ion batteries can be reused in new batteries, reducing production costs by 10 to 30 percent, which could help lower the overall cost of electric vehicle (EV) batteries to DOE’s goal of $80 per kilowatt hour.

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AUTO SALES: China sales likely weakened in January

  • Date: 15-02-19
  • Category: AUTO SALES
  • Source: Just Auto

China's vehicle market looked to have weakened further in January with some key producers reporting declining sales ahead of the release of official data from the China automotive Manufacturers Association (CAAM).

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AUTO SALES: European car sales drop 4.6 percent in January: ACEA

  • Date: 15-02-19
  • Category: AUTO SALES
  • Source: Reuters

STOCKHOLM (Reuters) - FCA Group, Ford and Volkswagen led a 4.6 percent decline in European car registrations in January, industry data showed, dampened by an economic slowdown in euro zone economies and consumer jitters over Brexit and trade.

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