SANTIAGO – Potash Corp of Saskatchewan Chief Executive Officer Jochen Tilk met on Thursday with authorities in Chile as the Canadian fertilizer company tries to divest its minority stake in Chilean lithium miner SQM ahead of its proposed merger with rival Agrium Inc. Tilk met with Eduardo Bitran, head of Chilean government development agency Corfo, which has been embroiled in a legal dispute over mining royalties with SQM since May 2014. Corfo has demanded early…"Potash CEO meets with Chilean government amid stake sale"
BERLIN – Leading carmakers including Volkswagen and Toyota pledged on Wednesday to uphold ethical and socially responsible standards in their purchases of minerals for an expected boom in electric vehicle production. Demand for minerals such as cobalt, graphite and lithium is forecast to soar in the coming years as governments crack down on vehicle pollution and carmakers step up their investments in electric models. To cover its plans for more than 80 new models by…"Automakers pledge ethical minerals sourcing for electric cars"
FRANKFURT/MUNICH – Germany’s BMW is gearing up to mass produce electric cars by 2020 and will to have 12 different models by 2025, it said on Thursday, as traditional manufacturers race to catch up with U.S. electric car pioneer Tesla . Car buyers shunned electric vehicles because of their high cost and limited operating range until Tesla unveiled the Model S in 2012, a car that cracked the 200 mile (322 km) range barrier on…"BMW gears up to mass produce electric cars by 2020"
FREMONT, Calif. – Tesla Chief Executive Officer Elon Musk said on Friday the Model 3 had over half a million advance reservations as he handed over the first 30 to employee buyers, setting the stage for the biggest test yet of the company’s strategy to become a profitable, mass market electric car maker. Outside Tesla’s Fremont, California factory, Musk showed off the $35,000 base vehicle with a range of 220 miles (350 km) on a…"Tesla’s Musk hands over first Model 3 electric cars to early buyers"
NEW DELHI – India’s ambitious plan to push electric vehicles at the expense of other technologies could benefit Chinese car makers seeking to enter the market, but is worrying established automakers in the country who have so far focused on making hybrid models. India’s most influential government think-tank unveiled a policy blueprint this month aimed at electrifying all vehicles in the country by 2032, in a move that is catching the attention of car makers…"India’s electric vehicles push likely to benefit Chinese car makers"
LONDON – Electric cars such as the Nissan Leaf may look no different from the standard family runaround. But the new materials that go into them could revolutionize the market for metals used in the industry, opening up a new field for commodities investors. “We identified electric vehicles as an area where we are at an inflection point for demand,” said Duncan Goodwin, portfolio manager of the Baring Global Resources Fund. Around 12 percent of…"Electric car revolution brightens outlook for a medley of metals"