R/€ = 16.71 Change: 0.04
R/$ = 15.57 Change: 0.04
Au 1853.66 $/oz Change: -5.10
Pt 956.50 $/oz Change: 3.00


Versatile bolted column connections in demand

By: Tracy Hancock     27th May 2022 Construction products and solutions specialist Peikko South Africa’s bolted column connections are helping to fast-track the development of a large residential project in Ferndale, Gauteng. The development involves the construction of a seven-storey building consisting of 204 apartments, says... 

Commodities in 'perfect storm' says ERG, as crisis starts super cycle

By: Reuters     26th May 2022 Years of under-investment in mining of metals essential to energy transition, supply shocks and high energy prices will continue to drive commodity prices higher, Eurasian Resources Group (ERG) CE Benedikt Sobotka said on Wednesday. Combined with Covid-related logistical issues and demand for... 

Pensana confirms $494m capital cost for its Saltend, Longonjo operations

By: Marleny Arnoldi     25th May 2022 London-listed Pensana has completed a front-end engineering design (FEED) and value engineering study for a rare earth separation hub at the Saltend Chemicals Park, in the Humber Freeport, in the UK. The company aims to establish a rare earth processing hub amid growing concerns over supply... 

Snow Lake Lithium calls for comprehensive EV ecosystem across North America

By: Creamer Media Reporter      20th May 2022 Canadian lithium producer Snow Lake Lithium has outlined the need to create a comprehensive electric vehicle (EV) ecosystem across North America to protect the future of the region's domestic automotive industry. With more than ten-million vehicles sold in the US last year, the automotive... 

Platinum jewellery continuing to drive 25% of platinum demand  

By: Martin Creamer     20th May 2022 Several reports published during Platinum Week indicate that in 2021, platinum jewellery consumed anywhere between 1.6-million ounces to two-million ounces of platinum, which makes it still the second demand source after automotive, coming in at around 25% of total platinum demand. Positive... 

April bakkie, truck sales slide but more cars sold year-on-year

By: Irma Venter     20th May 2022 New-vehicle sales, although dented by the impact of the recent floods in KwaZulu-Natal, managed to remain in positive territory in April, says Naamsa | The Automotive Business Council. Domestic new-vehicle sales in April increased by 4.3%, to 37 107 units, compared with the same month last year. 

SA vehicle, component exports rose 18.1% to R207.5bn in 2021

By: Irma Venter     20th May 2022 The value of new-vehicle and automotive component exports from South Africa increased by R31.8-billion, or 18.1%, to a record R207.5-billion in 2021, up from R175.7-billion in 2020. Last year’s vehicle and automotive component exports accounted for 12.5% of total South African exports, down from... 

Arafura finds offtake for Nolans product

By: Esmarie Iannucci     19th May 2022 Rare earths developer Arafura Resources has signed a non-binding memorandum of understanding (MoU) with South-Korean automotive giant based Hyundai Motor Company for a potential neodymium praseodymium (NdPr) offtake from the Nolans project, in the Northern Territory. The MoU provides a framework... 

Things looking interesting for platinum despite surplus  

By: Martin Creamer     16th May 2022 What the World Platinum Investment Council (WPIC) is forecasting for 2022 is a reduced but still large platinum surplus of 627 000 oz. But this surplus is extremely vulnerable to the issues the WPIC thinks may play out, particularly: 

Tinashe Ruzane

By: Martin Zhuwakinyu     13th May 2022 This week we profile Tinashe Ruzane, cofounder and CEO of FlexClub, a car subscription marketplace offering members a flexible way to shop for vehicles, enabling them to choose from a wide selection offered by vehicle partners such as Avis, Barloworld, Europcar and Motus 

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