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BATTERIES: GM, LG Chem to announce EV battery joint venture in Ohio

  • Date: 05-12-19
  • Category: BATTERIES
  • Source: Reuters

SEOUL/WASHINGTON (Reuters) - General Motors (GM.N) and South Korea’s LG Chem (051910.KS) are set to announce on Thursday a 50:50 joint venture in Ohio to make electric vehicle batteries, sources familiar with the matter told Reuters.

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ELECTRIC VEHICLES: China’s automakers look to reverse sharp EV market decline

Since the government cut subsidies in June, China's new energy vehicle (NEV) market - comprising mainly electric and plug-in hybrid vehicles - has been in free-fall. After growing by almost 59% to 617,000 units in the first half of 2019, NEV sales in the country declined by over 27% to 326,000 units in the four months between July-October - according to data released by the China Association of Automobile Manufacturers (CAAM).

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MINING: The world's largest commodities trader is under investigation on bribery allegations

  • Date: 05-12-19
  • Category: MINING
  • Source: Markets Insider

The world's largest commodities trader is the focus of a bribery investigation. Glencore announced on Thursday that the UK's Serious Fraud Office had opened the investigation. The company said in the statement that it intended to cooperate, but a representative declined to provide any additional comment.

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BATTERIES: GM, LG Chem to build $2.3 billion electric vehicle battery plant in Ohio

  • Date: 05-12-19
  • Category: BATTERIES
  • Source: Reuters

WARREN, Mich. (Reuters) - General Motors Co (GM.N) and South Korea’s LG Chem (051910.KS) said on Thursday they will invest $2.3 billion to build an electric vehicle battery cell joint venture plant in Ohio, creating one of the world’s largest battery facilities.

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BATTERIES: SK Innovation completes EV battery cell plant in China

  • Date: 05-12-19
  • Category: BATTERIES
  • Source: Korea Herald

SK Innovation Co., a major energy and chemical company in South Korea, said Thursday that it has built its first electric vehicle battery cell manufacturing plant in China in the latest move to tap deeper into the world's largest EV market.

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JEWELLERY: Tiffany profit falls short on weak demand in Americas, Hong Kong

  • Date: 05-12-19
  • Category: JEWELLERY
  • Source: Reuters

(Reuters) - Luxury jeweler Tiffany & Co (TIF.N), which is being bought by Louis Vuitton owner LVMH (LVMH.PA), missed market expectations for quarterly profit and sales on Thursday, hit by lower spending by foreign tourists in the United States and Hong Kong.

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ACQUISITION: Implats, North American Palladium to seal the deal Dec. 13

  • Date: 05-12-19
  • Category: ACQUISITIONS
  • Source: Northern Ontario Business

Shareholders of North American Palladium (NAP) voted 96 per cent in favour of a takeover by Impala Platinum Holdings.

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PGM PRODUCERS: Investec Asset Management raises Sibanye shareholding to 5.40%

Specialist investment manager Investec Asset Management has increased its shareholding in precious metals miner Sibanye-Stillwater to 5.40%.

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