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MACROECONOMICS: US e-commerce sales jump 49% in April, led by online grocery

Online retailers are seeing Black Friday-like sales due to the impact of the COVID-19 pandemic on their business. According to new data from Adobe’s Digital Economy Index, U.S. e-commerce jumped 49% in April, compared to the baseline period in early March before shelter-in-place restrictions went into effect. Online grocery helped drive the increase in sales, with a 110% boost in daily sales between March and April. Meanwhile, electronic sales were up 58% and book sales have doubled.

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PGM PRODUCERS: Anglo American Platinum confirms zero COVID-19 cases at its operations

  • Date: 12-05-20
  • Category: PGM PRODUCERS
  • Source: Anglo American Platinum

Anglo American Platinum notes various inaccurate reports regarding COVID-19 positive cases at its operations. To date, no employees or contractors have tested positive at any of its operations in South Africa and Zimbabwe.

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PGM PRODUCERS: Sibanye-Stillwater operating update for the quarter ended 31 March 2020

  • Date: 12-05-20
  • Category: PGM PRODUCERS
  • Source: Sibanye-Stillwater

Sibanye Stillwater Limited (“Sibanye-Stillwater”, “the Company” and/or “the Group”) (JSE: SSW & NYSE: SBSW) is pleased to provide an operating update for the quarter ended 31 March 2020. Financial results are only provided on a six-monthly basis.

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PGM PRODUCERS: Northam Platinum fine tunes R10bn loan note programme to limit cash outflow in 2020

NORTHAM Platinum sought to preserve liquidity amid the COVID-19 pandemic – and even extend it – announcing today it would buy and cancel about R1.9bn in loan notes and issue new ones with longer maturity dates.

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BATTERIES: Carmakers Urged to Invest in Mines to Avoid Battery Metal Pinch

  • Date: 11-05-20
  • Category: BATTERIES
  • Source: Bloomberg

Mine developers scrambling to fund projects to meet forecast demand for battery metals see the threat of looming supply crunches as a trigger for electric-vehicle makers to step in with investments.

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AUTO SALES: Volkswagen is giving a strong boost to sales promotion

  • Date: 11-05-20
  • Category: AUTO SALES
  • Source: Volkswagen

From May 15, the Volkswagen Passenger Cars brand will offer customers an attractive "all-round carefree" package for leasing and financing with the #vwfüreuch campaign. From EUR 9.99 per month, the offer includes rate protection if you lose your job, maintenance and inspection, as well as a follow-up guarantee for the entire term of the contract. Customers can also get particularly affordable leasing and financing offers.

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AUTO SALES: The Car Is Staging a Comeback, Spurring Oil’s Recovery

  • Date: 10-05-20
  • Category: AUTO SALES
  • Source: Bloomberg

James Li, a public relations account director, would rather spend an hour sitting in Beijing traffic than risk 30 minutes exposed to crowds on a train. “Traffic is as bad as it could be” but the subway is still too dicey, he said.

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SOUTH AFRICA: 15 mineworkers test positive for Covid-19

Minerals and Energy Minister Gwede Mantashe last week walked the path taken by at least one of the 15 mineworkers who tested positive for Covid-19 coronavirus.

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