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Demand for battery metals, renewables fuelling human rights abuse — report

5 September 2019 - 20:17
Most of the world’s top companies mining for lithium, cobalt and other minerals used in the making of electric vehicles’ (EVs) batteries, solar panels and other green technologies have been linked to alleged human rights abuses since 2010, a new report claims.

$1.6b allocated for modernizing transportation fleet

3 September 2019 - 17:29
Iranian deputy transport minister said National Development Fund (NDF) of Iran has allocated $1.6 billion for renovating the country’s transportation fleet, IRIB reported on Tuesday.

Australian lithium miners submerged by low prices

3 September 2019 - 15:39
Having raced to ramp up lithium production over the past five years to exploit surging prices, Australian producers are now scrambling to cut supplies as prices plummet on falling demand in the world’s top electric vehicle market.

Indian Oil Corporation to make alumina-based battery for electric vehicles

29 August 2019 - 19:29
To avoid future dependency on China for lithium batteries, Indian Oil Corporation Limited (IOCL) will reportedly make an alumina-based battery, which will be used for running electric vehicles.

Glencore commits $45 million to restart First Cobalt refinery in Canada

26 August 2019 - 23:39
Mining and commodities trader giant Glencore (LON:GLEN) is lending Canada’s First Cobalt Corp. (TSX-V:FCC) an initial $5 million to restart the company’s refinery in Ontario, which would become the only North American producer of refined cobalt for the electric vehicle (EV) market.

Iran’s leading automaker knows its new CEO

26 August 2019 - 20:15
Iran’s biggest automaker Iran-Khodro Company (IKCO)’s board of directors has elected Deputy Industry Minister Farshad Moqimi as the company’s new CEO, IRIB reported on Monday.

World’s No. 2 lithium miner SQM hit by weak prices

22 August 2019 - 22:57
Chile’s Chemical and Mining Society (SQM), the world’s second largest lithium producer, has been hit by sustained weak prices for the metal used in batteries that power electric vehicles (EVs) and high tech electronics, with profits falling by 47.5% to $70.2 million in the second quarter, from $133.9 million a year earlier.

Over €840m allocated to support domestic auto parts manufacturers

22 August 2019 - 20:44
The industry ministry has allocated €844 million to support the country’s auto parts manufacturers, director general of the industry ministry’s automotive and transportation industries office said.

Iconic American Motorcycle Company Purchases Godfrey & Wing CFi System

22 August 2019 - 14:50
Godfrey & Wing, has received a contract from an iconic American motorcycle and lifestyle company to supply a Continuous Flow impregnation (CFi) system. The CFi is an automated single-piece flow impregnation system that incorporates Godfrey & Wing’s patented Dry Vacuum & Pressure (DVP) impregnation process. Starting in 2020, the CFi system will seal die casting crankcases in the company’s Wisconsin facility.

Third-Party Vehicle Insurance Disliked

22 August 2019 - 09:38
CEO of the government-owned Iran Insurance Company says the fact that insurer has to pay 20% of third party vehicle premiums to relevant bodies has given rise to prospects for loss-making.
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