PGM miner Sibanye Stillwater, a leading precious metals mining company, announced on Monday that it expects to report a half-year loss due to a significant writedown on its US assets. The company attributed the loss to the declining price of palladium, a key metal used in vehicle exhaust systems to reduce emissions. The writedown, valued…
INDONESIA will seek to sign US$3.5 billion of trade and investment agreements with Africa as global trade battles spur a hunt for new markets outside Asia, according to a senior diplomat. The deals will be announced at the ongoing Indonesia-Africa Forum, which will be held until Tuesday (Sep 3) in Bali, Vice Foreign Affairs Minister…
South African President Cyril Ramaphosa’s state visit to China is expected to open and strengthen economic ties and attract investment to the country. During his visit, Ramaphosa will on Tuesday travel to Shenzhen, a major economic and technology hub in Guangdong Province, where he will engage with industry leaders and tour the headquarters of leading…
Navigating sluggish demand In the first half of 2023, South African auto manufacturers reported modest sales of battery electric vehicles (BEVs), with only 800 units sold nationwide. Volvo and BMW/Mini led the sales charts, with 374 and 283 units sold, respectively. Despite having over 12 million vehicles on the road, South Africa’s electric vehicle fleet…
Vanadium could be the answer to Long Duration Energy Storage (LDES) solutions.
The world’s largest EV manufacture Tesla has accused the South African Government of protectionist practises with their high tariffs on imported electric vehicles
Tesla’s Gigafactory prepares for Lithium global crunch
Surge in lithium demand forces Zimbabwe to act.
South Africa wants to spend billions of dollars fostering an electric vehicle industry, complicating efforts to finalize an $8.5 billion climate aid package before next month’s United Nations climate summit. The landmark funding plan unveiled at last year’s climate conference in Glasgow was meant to help South Africa wean itself off coal. It was hailed…
