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COVID-19: COVID-19 impact on Umicore’s operations

  • Date: 27-03-20
  • Category: COVID-19
  • Source: Yahoo

While Umicore’s activities were off to a strong start this year, the virus outbreak caused a serious slowdown in Umicore’s automotive catalyst and battery materials activities in Asia at the time of the Lunar New Year holidays and in the following weeks. Demand and production levels for both automotive catalysts and battery materials in Asia are now gradually picking up. However, as the contagion of the virus spread to the rest of the world, the automotive industry has been forced to shut down m

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MACROECONOMICS: South Africa: GDP to contract by 4.9% this year as external developments derail a fragile recovery

The South African economy had already entered 2020 on a very fragile footing before the dramatic external developments related to the Covid-19 pandemic emerged.

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PGM PRODUCERS: African Rainbow Minerals Impact of Covid-19 on Business

  • Date: 27-03-20
  • Category: PGM PRODUCERS
  • Source: African Rainbow Minerals

In compliance with the nationwide lockdown, all ARM mining operations including Khumani, Beeshoek, Black Rock, Modikwa, Two Rivers and Nkomati mines have been placed on temporary care and maintenance for the duration of the lockdown period.

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PGM PRODUCERS: Amplats continues repairs on processing facilities despite lockdown

South Africa‘s Anglo American Platinum (Amplats) said on Friday repairs at its processing facilities would continue while operations its underground mines and smelter were curtailed due to a three-week lockdown over the coronavirus.

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ESKOM: South African Lockdown Prompts Eskom to Scale Back Workforce

  • Date: 27-03-20
  • Category: ESKOM
  • Source: Bloomberg

South Africa’s state power utility told part of its workforce to stay home and delayed some maintenance as demand for electricity plummeted due to a national lockdown aimed at containing the spread of the coronavirus.

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COVID-19: Mitsubishi unpacks movement of PGM markets amid lockdowns

  • Date: 27-03-20
  • Category: COVID-19
  • Source: Mining Weekly

Mitsubishi Corporation International (MCI) says in its latest precious metals update that it expects South Africa’s platinum supply to reduce by around 7%, or by between 200 000 oz and 300 000 oz, in light of closed operations during South Africa’s 21-day national lockdown.

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AUTO SALES: JATO Dynamics: in decline of Euro new car market, electrified vehicles increase share to almost 13%

  • Date: 27-03-20
  • Category: AUTO SALES
  • Source: Green Car Congress

The decline of the European new car market has continued throughout February. According to JATO Dynamics data, 1,063,264 units were registered last month, compared to 1,143,852 in February 2019. This equates to a decline of 7.0%, as last month saw the lowest number of registrations since 2015, when only 955,113 units were registered.

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PGM PRODUCERS: Tharisa Says Tharisa PGM Smelter On Care And Maintenance

Tharisa has received force majeure notifications from its platinum group metals (PGM) concentrate offtakers. The Tharisa PGM smelter is on care and maintenance Tharisa has declared force majeure on its contracted chrome concentrate sales agreements.

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