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AUTO SALES: U.S. Auto Sales Poised for Crash After Slowest Pace in a Decade

  • Date: 01-04-20
  • Category: AUTO SALES
  • Source: Bloomberg

Carmakers gave an early glimpse of the damage a global pandemic is doing to the U.S. auto market, with General Motors Co. and Fiat Chrysler Automobiles NV falling short of estimates and the industry selling vehicles at the slowest pace in a decade.

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ELECTRIC VEHICLES: China may ease electric car quotas, delay emission rules to help automakers - sources

BEIJING (Reuters) - China is considering temporarily easing quotas designed to boost production of electric cars to help automakers badly bruised by the coronavirus pandemic to revive slumping sales, people familiar with the matter said.

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PGM PRODUCERS: Northam Platinum joins peers in declaring force majeure

Like its larger fellow miners, the company has been affected by the Covid-19 lockdown and is now running just one furnace

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SOUTH AFRICA: NUM condemns ‘barbaric’ decision of some mines to remain open

  • Date: 01-04-20
  • Category: SOUTH AFRICA
  • Source: Daily Maverick

The NUM union is angry that some mines will operate during the 21-day lockdown. Meanwhile, some mining companies are paying basic salaries during this period and others are not. Flashpoints for conflict between capital and labour are emerging, as are tensions between the ANC-led government and its political base. And Saftu is also seeing red.

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ESKOM: South African Wind Industry Queries Legality of Eskom’s Force Majeure

  • Date: 01-04-20
  • Category: ESKOM
  • Source: Bloomberg

South Africa’s wind energy producers are questioning the legality of a decision by the state-owned power utility to curtail purchases of their output due to low demand stemming from a national lockdown.

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CHROME: Glencore’s chrome joint venture in South Africa with Merafe declares force majeure

  • Date: 01-04-20
  • Category: CHROME
  • Source: KFGO

LONDON (Reuters) - Glencore's chrome joint venture in South Africa with Merafe Resources has declared force majeure on qualifying contracts after a nationwide lockdown forced operations to shut, a Merafe executive said.

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ELECTRIC VEHICLES: China Weighs Cuts to Electric-Car Subsidies It Just Extended

China, the biggest market for electric cars, is considering a reduction in rebates given to buyers and limits on the models that qualify even as it commits to extending the costly subsidy program for another two years.

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AUTO SALES: Automakers Are About to Give an Inkling of the Sales Collapse Ahead

  • Date: 31-03-20
  • Category: AUTO SALES
  • Source: Bloomberg

A year that started off well for the U.S. auto market, with only a subtle down shift expected following years of strong demand, is suddenly shaping up to be a disaster.

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