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PGM SUPPLY: Implats opens talks with “parties” for sale of Rustenburg shaft earmarked for closure

  • Date: 31-10-18
  • Category: PGM SUPPLY
  • Source: https://www.miningmx.com

IMPALA Platinum (Implats) had “engaged” with parties interested in buying a shaft at the firm’s Rustenburg operations part of which has been identified for closure. Commenting in its first quarter report, which got the 2019 financial year off to a robust start, the company also said it had also begun the process of restructuring the Rustenburg shafts with the issue of a Section 189 restructuring process for 1,500 employees.

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CHINA: China factory growth weakest in over two years, slump in export orders deepens

  • Date: 31-10-18
  • Category: CHINA
  • Source: Reuters UK

China’s manufacturing sector in October expanded at its weakest pace in over two years, hurt by slowing domestic and external demand, in a sign of deepening cracks in the economy from an intensifying trade war with the United States.

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MACROECONOMICS: Mood sours as euro zone economic growth slows while Italy stagnates

The euro zone economy grew less than expected in the third quarter as the public mood turned darker, with signs of distress in Italy highlighting concerns that the bloc’s third-ranked state is becoming one of its weakest links.

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ELECTRIC VEHICLES: Electric vehicle capitals: Accelerating the global transition to electric drive

  • Date: 30-10-18
  • Category: ELECTRIC VEHICLES
  • Source: The International Council on Clean Transportation

This briefing provides an update on the cities around the world with the largest electric vehicle markets. We focus on 25 metropolitan areas which each have seen over 20,000 electric vehicle sales through 2017: Beijing, Changsha, Chongqing, Guangzhou, Hangzhou, Qingdao, Shanghai, Shenzhen, Tianjin, Wuhan, and Zhengzhou, China; London, England; Paris, France; Tokyo and Kyoto, Japan; Amsterdam, Netherlands; Bergen and Oslo, Norway; Stockholm, Sweden; and Los Angeles, New York, San Diego, San Francisco, San Jose, and Seattle, United States. In addition to analyzing the electric vehicle sales and charging infrastructure in these markets, we identify and discuss the unique policies, actions, and programs in place that have enabled this success.

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FUEL CELLS: Hyundai Motor, BTIRDI to establish $100M hydrogen energy fund in China; foundation for fuel cell vehicle market

  • Date: 30-10-18
  • Category: FUEL CELLS
  • Source: Green Car Congress

Hyundai Motor has entered into a memorandum of understanding (MOU) with Beijing-Tsinghua Industrial R&D Institute (BTIRDI) to establish a Hydrogen Energy Fund. Under this agreement, the South Korean automaker and its Chinese counterpart expect to strengthen their influence in the hydrogen ecosystem while accelerating the advent of a Hydrogen Society.

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AUTO SALES: China's Proposed Car-Tax Cut Brings Relief to Investors, Dealers

  • Date: 30-10-18
  • Category: AUTO SALES
  • Source: Bloomberg

The prospect of China injecting stimulus into its moribund car market triggered a surge in automakers’ shares from Europe to Asia. But overseas investors aren’t the only ones cheering the chance of a 50 percent cut to the tax on vehicle purchases.

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AUTO PRODUCTION: Mayors call for vehicle manufacturers to stop producing petrol and diesel cars

The mayors of Paris, Copenhagen, Seoul, and Medellín have called for vehicle manufacturers to stop producing petrol and diesel cars as soon as possible, to protect the health of children in cities around the world. Responding to alarming new research released by the World Health Organization (WHO) today, the mayors also urged every city around the world to help their youngest citizens by signing the C40 Green & Healthy Streets Declaration. The Declaration commits mayors to procure only zero-emission buses from 2025 and ensure that a major area of their city is zero emission by 2030.

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AUTO PRODUCTION: GM Cautious on Platinum Switch Even as Palladium Hits Record

  • Date: 29-10-18
  • Source: https://www.bloomberg.com

Palladium’s surge to a record has intensified talk among analysts that carmakers will look to replace it with cheaper platinum for use in pollution-control devices. The auto industry’s answer: Not so fast.

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