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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.

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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%.”

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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.

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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.

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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:...

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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.

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EMISSIONS: 'Grave concern' as sales of low emission cars fall

  • Date: 04-07-19
  • Category: EMISSIONS
  • Source: BBC

Sales of low emission cars in the UK have fallen for the first time in more than two years, the industry has said.

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BATTERIES: Europe begins to think like China in building its own battery industry

  • Date: 04-07-19
  • Category: BATTERIES
  • Source: Europe Auto News

BRUSSELS/STOCKHOLM -- The European Union is starting to act like China when it comes to building the batteries that will drive the next generation of electric vehicles.

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