R/€ = 18.9256 Change: 0.0119
R/$ = 17.6526 Change: 0.1760
Au 1867.33 $/oz Change: -3.66
Pt $/oz Change:


Auto chip shortages to persist until 2031 but easing for advanced variants forecast as consumer electronics demand slows

By: Irma Venter     3rd February 2023 Fitch Solutions says the global shortage of semiconductors in the automotive industry will remain a risk for automakers over its 2023 to 2031 forecast period. “That said, we highlight that the shortage will vary within the automotive sector.” 

Automaker GM makes $650m investment to build Thacker Pass lithium mine

By: Mariaan Webb     31st January 2023 Automotive giant General Motors (GM) has made a $650-million investment in Lithium Americas, the developer for the Thacker Pass mining project in Nevada. This investment – said to be the biggest-ever by an automaker to produce battery raw materials – would support the development of the... 

Firm secures ‘preferred’ status

By: Tracy Hancock     31st January 2023 Foundry and engineering company Thos Begbie has been named a preferred supplier of Europe’s largest copper producer Aurubis, which also claims to be the world’s largest copper recycler. Thos Begbie, based in Middelburg, Mpumalanga, manufactures water-cooled copper and other furnace components... 

Lynas production recovers in Dec quarter

By: Esmarie Iannucci     30th January 2023 Rare earths miner Lynas has seen both production and sales revenue recover in the three months to December, as water supply disruptions which plagued the company in the first quarter of the 2023 financial year were resolved. Total rare earth oxide production increased from the 3 500 t produced... 

Britishvolt’s founder says UK battery sector is ‘doomed’ unless government steps up

By: Bloomberg     27th January 2023 The UK’s battery manufacturing industry is doomed unless the government ramps up support for the sector, according to the founder of failed battery startup Britshvolt Ltd. Formerly the UK’s main hope for a homegrown supplier to the electric-vehicle industry, Britishvolt went into bankruptcy this... 

Company well positioned to supply auto industry

By: Leah Shelene Asaram     27th January 2023 Since the implementation of certification, approval and other government requirements for manufacturing localisation – where possible – bolts and nuts manufacturer Impala Bolt and Nut is well positioned in the fasteners market to supply the automotive industry. Impala Bolt and Nut MD Derek Cohen... 

Investment firm foresees positive outlook for sector

By: Leah Shelene Asaram     27th January 2023 Investment firm Agile Capital foresees opportunities for growth in the local automotive original-equipment manufacturer (OEM) supply chain with a localisation target of 60% by 2035, which is in line with the South African Automotive Masterplan and the Extension of the Automotive Production and... 

AAAM to unlock Africa’s economic potential – CEO

By: Leah Shelene Asaram     27th January 2023 The African Association of Automotive Manufacturers’ (AAAM’s) objective is to expand and deepen the automotive industry across Africa by working with African governments. This will be achieved by developing, refining and implementing auto policies and ecosystems that will attract investors and... 

Accreditation pivots automotive SMMEs’ progress

By: Leah Shelene Asaram     27th January 2023 Despite small, medium-sized and microenterprises (SMMEs) being a big driver of employment and economic growth in South Africa, many of these businesses face several challenges during the startup phase, especially in the automotive sector. However, early implementation of credible standards and... 

Mobility solutions highlighted at global event

27th January 2023 Global technical equipment, drive and braking systems manufacturer Voith presented its solutions for the mobility shift in commercial vehicles at the IAA Transportation Expo held in Hannover, Germany, from September 20 to 25 last year. The solutions include Voith Electrical Drive System (VEDS),... 

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