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PGM PRODUCERS: Northam completes private placement

JSE-listed Northam Platinum has completed a private placement of domestic medium-term notes to the value of R500-million under its R5-billion domestic medium-term note programme.

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ESKOM: Moody’s Says Fixing S. Africa’s Eskom Is Complex, Will Take Time

  • Date: 09-09-19
  • Category: ESKOM
  • Source: Bloomberg

Fixing loss-making power utility Eskom Holdings SOC Ltd. is complex and it will take time for the government and the company to agree to a plan, according to Moody’s Investors Service.

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WAGE NEGOTIATIONS: Platinum Giants Say Union Declares Dispute in Wage Talks

Anglo American Platinum Ltd. and Sibanye Gold Ltd. may need mediators to help South African wage talks move forward after negotiations with the platinum industry’s largest labor union reached a deadlock.

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AUTO NEWS: Ford cut to junk by Moody's on doubts over plan to boost profit

  • Date: 09-09-19
  • Category: AUTO NEWS
  • Source: Automotive News

Ford Motor Co.’s CEO Jim Hackett has been dealt a major blow by Moody’s Investors Service, which cut the automaker’s credit rating to junk over doubt his plans to fix the company will soon generate earnings and cash.

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AUTO SALES: BYD sales slip again after Beijing slashes EV subsidies

  • Date: 09-09-19
  • Category: AUTO SALES
  • Source: Auto News

Sales at BYD Co., China’s largest electrified vehicle manufacturer, fell for the second straight month in August after Beijing ended a new round of subsidy cuts for EVs and plug-in hybrids.

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WAGE NEGOTIATIONS: Platinum Giants Seek Mediation After Union Declares Dispute

(Bloomberg) -- Anglo American Platinum Ltd. and Sibanye Gold Ltd. will seek mediation to break the deadlock in wage negotiations with South Africa’s largest platinum-mining labor union. 

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AUTO SALES: China explores ambitious goal for EV sales by 2035

  • Date: 08-09-19
  • Category: AUTO SALES
  • Source: Auto News

China is exploring ambitious new plans for the future of its auto industry, weighing a target for 60 percent of all automobiles sold in the country to run on electric motors by 2035, according to people familiar with the matter.

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BATTERIES: Tesla’s Shanghai plant likely to require 25,900 mt of lithium hydroxide a year

  • Date: 08-09-19
  • Category: BATTERIES
  • Source: News Metal

SHANGHAI, Aug 26 (SMM) – Tesla's upcoming vehicle assembly facility in Shanghai is estimated to need 25,900 mt of battery-grade lithium hydroxide in a year if the Gigafactory produces 500,000 pure electric vehicles that are powered by high-nickel batteries, showed SMM calculations.

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