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PALLADIUM: Palladium bull market puts $18bn dent in carmakers’ profits

  • Date: 22-01-20
  • Category: PALLADIUM
  • Source: Financial Times

The bull market in palladium caused by a chronic shortage of supplies has cost the global automotive industry $18bn over the past year, according to a new report by US bank Citi.

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AUTO NEWS: Tesla surges past $100 billion market value, passing Volkswagen

  • Date: 22-01-20
  • Category: AUTO NEWS
  • Source: Auto News

Tesla's market value has climbed above Volkswagen Group's for the first time to more than $100 billion, a threshold that will trigger a huge payout for Elon Musk if he can sustain the feat for months.

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SOUTH AFRICA: ANC eases way for independent power producer programme

  • Date: 21-01-20
  • Category: SOUTH AFRICA
  • Source: Business Live

The ANC has endorsed a market-friendly approach to the problem of SA’s energy shortage, including allowing municipalities to procure their own energy, expanding the independent power producer (IPP) programme and freeing up regulations around self-generation by business.

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ELECTRIC VEHICLES: VW Will Divert Resources Away From Fuel Cells, Focus On BEVs Instead

Volkswagen group CEO, Herbert Diess, recently announced that the German car making giant would stop funding its fuel cell program because FCEVs aren’t seen as competitive in the next decade. The decision has been taken within the group to focus entirely on battery-powered electric vehicles that are seen as a much sounder bet for the near future.

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PALLADIUM: Goldman’s Currie Warns Palladium May Test $3,000, Then Slide

  • Date: 21-01-20
  • Category: PALLADIUM
  • Source: Bloomberg

Palladium’s extraordinary rally has the potential for prices to test $3,000 an ounce, according to Goldman Sachs Group Inc.’s Jeffrey Currie, who twinned that outlook with a warning that such peaks wouldn’t last for long as the record levels would erode demand.

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HYDROGEN: Green hydrogen plant in Chetwynd project has investor

  • Date: 21-01-20
  • Category: HYDROGEN
  • Source: Pipeline News North

The green energy investment arm of Macquarie Capital will finance a new $200-plus million renewable hydrogen plant in Chetwynd, says project developer Juergen Puetter of Renewable Hydrogen Canada (RH2C).

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LITHIUM: Lithium Americas Receives Notice of Intent for the Thacker Pass Lithium Project

  • Date: 21-01-20
  • Category: LITHIUM
  • Source: Lithium Americas

Vancouver, Canada, January 21, 2020 - Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") is pleased to announce the publication of the Notice of Intent (“NOI”) to prepare an Environmental Impact Statement (“EIS”) for the Thacker Pass lithium claystone project (“Thacker Pass” or the “Project”) located in northwestern Nevada. 

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AUTO SALES: Retail Auto Sales Fall After Two Successive Months Of Growth

  • Date: 21-01-20
  • Category: AUTO SALES
  • Source: Bloomberg Quint

Sales of cars and two-wheelers fell in December after they rose in the previous two months as weak consumer sentiment hurt demand.

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