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AUTO SALES: Don't Be Fooled: The U.S. Auto Sales Party Is Coming to an End

  • Date: 03-01-19
  • Category: AUTO SALES
  • Source: Bloomberg

Carmakers have enjoyed an extended run of near-record U.S. sales and fat profits. But this year, it looks as if the party really will start to end.

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LITHIUM: Pilgangoora expansion cash belies negative lithium talk

  • Date: 02-01-19
  • Category: LITHIUM
  • Source: The West Australian

Pilbara Minerals has defied weak investor sentiment around lithium to secure all the cash it needs to fund a $231 million expansion of its Pilgangoora project in the Pilbara.

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AUTO SALES: GM hit 200,000 US electric vehicles sold in 2018, triggering tax-credit phaseout

  • Date: 02-01-19
  • Category: AUTO SALES
  • Source: CNBC

General Motors hit 200,000 total electric vehicles sold in the United States by the end of 2018, reaching a threshold that triggers a phase-out of a $7,500 federal tax credit over the next 15 months, a person briefed on the matter said Wednesday.

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AUTO PRODUCTION: China's great wall motor debuts ORA R1, the world's cheapest electric car

Claiming to catalyze a ‘new generation of electric cars’, china’s great wall motor debuts the ORA R1 from their newly created EV-subsidiary. the car delivers a maximum cruising range of 351km thanks to a 35kw motor. all of this is available for between 59,800 and 77,800 yuan ($8,680 to $11,293 USD), making it the world’s cheapest electric car.

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FUEL CELLS: Hydrogen power: China backs fuel cell technology

  • Date: 02-01-19
  • Category: FUEL CELLS
  • Source: Financial Times

Stung by the impact of the financial crisis, the hilly city of Yunfu in China’s southern Guangdong province decided in 2009 it was time for a makeover. Known over hundreds of years for producing delicate stones for arts and crafts, the city had few modern industries apart from consumer appliances.

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JEWELLERY: Chow Tai Fook: Jewelry business "dead sheep", financial business "reinforcement"

  • Date: 02-01-19
  • Category: JEWELLERY
  • Source: 21 Gem

The downturn in the jewelry market has also affected Chow Tai Fook's performance. From 2014 to 2018, Chow Tai Fook's turnover fell from HK$77.41 billion to HK$59.16 billion, a decrease of 23.6%.

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CHINA: China adjust the provisional tax rate for import and export in 2019

  • Date: 01-01-19
  • Category: CHINA
  • Source: Jewellery China

Since January 1, 2019, the black pearl tariff has been reduced to 0 for all MFN countries, and other jewellery and jade commodities (including diamonds, colored stones, organic stones, jewelry) to New Zealand, Peru, Costa Rica, Iceland, Australia, Asia Pacific Trade Agreement. Tariffs of countries (Bangladesh, India, Laos, South Korea, Sri Lanka and Mongolia), Hong Kong, Macao and other countries and regions have basically fallen to zero.

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LITHIUM: Eramet expects Argentina lithium investment decision in H1

  • Date: 20-12-18
  • Category: LITHIUM
  • Source: Mining Weekly

French multinational mining company Eramet’s lithium project in the Andean Cordillera of Salta, north-west Argentina, is entering its final preparation phase, with an investment decision less than six months away.

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