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JEWELLERY: World’s Second Largest Jeweler to Shut Down About a Fifth of Its Hong Kong Stores

  • Date: 14-01-20
  • Category: JEWELLERY
  • Source: Bloomberg

Chow Tai Fook Jewellery Group Ltd. said it plans to shut about 15 of its Hong Kong stores after their leases expire this year, as the city’s retail market continues to be weighed down by ongoing anti-China protests.

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ELECTRIC VEHICLES: Focus of electrification will shift from China to Europe in 2020, report says

LONDON -- The rush to electrify transportation will shift to Europe from China in 2020 as automakers and governments work to cut carbon emissions that lead to global warming, according to a forecast from BloombergNEF, Bloomberg LP's primary research service on energy transition.

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AUTO SALES: Top Chinese Carmaker’s New-Energy Vehicle Sales Plunge After Subsidy Reductions

  • Date: 14-01-20
  • Category: AUTO SALES
  • Source: Caixin Global

China’s top domestic carmaker’s new-energy vehicle (NEV) sales plunged by more than 40% last year after a major reduction in government subsidies, with little relief in sight as long as costs remain substantially higher than those for gasoline-powered rivals, an official said.

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CLIMATE CHANGE: BlackRock CEO says the climate crisis is about to trigger ‘a fundamental reshaping of finance’

In an annual letter to CEOs published Tuesday, BlackRock chief executive Larry Fink said: “Climate change has become a defining factor in companies’ long-term prospects.”

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PGM PRODUCERS: Global Precious MMI: PGMs make gains after South Africa outages

Palladium and platinum prices received a boost last month after outages at South African mines, MetalMiner’s Stuart Burns explained.

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PGM PROJECTS: Platinum Group Metals Ltd. Reports First Quarter Results

  • Date: 14-01-20
  • Category: PGM PROJECTS
  • Source: Platinum Group Metals Ltd

Vancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - January 14, 2020) - Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) ("Platinum Group" "PTM" or the "Company") reports the Company's financial results for the three months ended November 30, 2019 and provides a summary of recent events and outlook.

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ACQUISITIONS: Sibanye-Stillwater takes majority stake in DRDGold

  • Date: 13-01-20
  • Category: ACQUISITIONS
  • Source: Mining Journal

Sibanye-Stillwater (JSE: SGL) has exercised its option to take a majority stake in South African surface mining and processing company DRDGold (JSE: DRD).

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RHODIUM: The World’s Most Precious Metal Leaves Everything Else in the Dust

  • Date: 13-01-20
  • Category: RHODIUM
  • Source: Bloomberg

Palladium’s great start to the year pales in comparison to its lesser known, but much more expensive sister metal, rhodium.

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