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COBALT: China Nonferrous Metals Industry Annual Meeting 2019: Global cobalt raw materials glut to ease in 2020

  • Date: 25-11-19
  • Category: COBALT
  • Source: SMM News

SHANGHAI, Nov 25 (SMM) – Global supply surplus of cobalt raw materials will ease in the near term as smelters in China resume procurement from overseas after domestic stockpiles shrinking over the past three quarters.

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NORNICKEL: Nornickel to Invest Billions in Growth

  • Date: 24-11-19
  • Category: NORNICKEL
  • Source: The Munich Eye

Norilsk Nickel aims to increase its capital investment up to $2.5-2.8 billion next year, which will significantly exceed the expenditures in 2019, which amounted to $1.3-1.5 billion. Company representatives announced this at their presentation on Investors Day in London recently. The company's capital expenditures can reach $3.4 billion in 2021 and may jump as high as $4 billion in 2022-2025, which will double its capital investments growth over the entire period.

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ESKOM: Eskom rejects all tariff concession requests

  • Date: 24-11-19
  • Category: ESKOM
  • Source: City Press

Eskom has refused every request it received from struggling intensive energy users for tariff concessions, the power utility has confirmed.

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PGM PROJECTS: Not this mine. Not this location.

  • Date: 23-11-19
  • Category: PGM PROJECTS
  • Source: Star Tribune

The proposed Twin Metals copper-nickel mine near Ely unambiguously threatens the waters of the BWCA and beyond — waters that aren't just meant to be kept pristine but that are particularly sensitive to pollutants. Evidence that regulatory processes can help matters has grown slim.

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CHINA: BASF commences its smart Verbund project in Zhanjiang, China

  • Date: 23-11-19
  • Category: CHINA
  • Source: BASF

Today, BASF officially launched its smart Verbund project in Zhanjiang, Guangdong province, China, and commenced building its first plants. It marks a milestone of the company’s US$10 billion investment project announced in July 2018. The first plants will produce engineering plastics and thermoplastic polyurethane (TPU) to serve the increasing needs of various growth industries in the southern China market and throughout Asia.

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ELECTRIC VEHICLES: Tesla challenges Detroit 3 with pickup; launch marred by cracked windows

After years of promising an electric pickup that could outperform offerings from the Detroit 3, Tesla Inc. CEO Elon Musk on Thursday revealed an angular, toy-like vehicle that failed to withstand a 25-minute presentation.

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FUEL CELLS: Anheuser-Busch completes first zero-emission beer delivery

  • Date: 22-11-19
  • Category: FUEL CELLS
  • Source: Green Car Congress

A Nikola hydrogen-electric truck picked up the load of beer, including flagship beer brand Bud Light, and delivered it to Anheuser-Busch local wholesaler partner, Lohr Distributors – marking the first commercial delivery onboard a Nikola hydrogen-electric vehicle.

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PGM PRODUCERS: Amcu signs platinum deal and plans for new battle

  • Date: 22-11-19
  • Category: PGM PRODUCERS
  • Source: North East Tribune

The Association of Mineworkers and Construction Union (Amcu) finally signed the wage deal with platinum producers after four months of negotiations but vowed that the battle against job losses in the industry is about to begin.

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