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The Biden administration is reportedly easing its push toward putting more electric vehicles on the road and cutting tailpipe emissions in the next few years.

Precious metals prices kept climbing on Wednesday amid United States Federal Reserve Chair Jerome Powell's remarks on inflation and interest rate cuts. Palladium led the gains rising more than 10%.

Toyota has taken a slower path to electrification than its competitors, choosing instead to prioritize hybrid and hydrogen-fueled vehicles. Although this tendency won the ire of many in the industry, a recent explosion of demand within the hybrid segment has led many, including automakers who once planned to abandon the internal combustion engine (ICE) within the decade, to reconsider Toyota’s ...

Platinum remains in fundamental deficit, Northam CEO Paul Dunne emphasised at the company’s presentation, which reported a strong performance from all group operations in the six months to Dec. 31.
“In mining terms, it’s a slow-burning fuse. Ultimately, we will see a price response to this picture,” said Dunne, as he displayed a visual diagram indicating the downward outlook for platinum supply. ...

The forces involved at present point to higher prices for silver.
The Silver Institute reports the all-in sustaining cost (AISC) for producing silver jumped by 57% year over year. The industry average is now estimated at $17/oz for 2023, although some data suggest the attributable cost of producing byproduct silver from (copper, zinc, and lead mines) is much lower.

Hensel Recycling has announced that it has completed an acquisition agreement with Red Fox Resources.

Tesla has been slashing prices. Ford just cut the price of its Mustang Mach-E, too, plus it cut back production of its electric pickup. And General Motors is thinking about bringing back plug-in hybrids, possibly taking a step back from GM’s earlier commitment to shifting straight to pure EVs. And now the EPA is considering slowing down requirements for automakers to sell more electric vehicles ...

Heraeus Precious Metals and Sibanye-Stillwater are partnering to explore new applications for platinum-group metals (PGM) in the hydrogen economy, specifically how existing or new applications could profit from the unique traits of palladium. The joint aim is to develop alternative markets for palladium and support the emerging hydrogen sector with technical innovations. The project will be ...

Palladium rose by 8% on Wednesday, regaining a premium against its sister metal platinum, as some investors covered their short positions after the volatile metal held above the $900 level.

“We must stop thinking that electric cars will solve all our problems,” said Guilbeault, who was the keynote speaker at a fundraising luncheon at the Westin Montreal via live video feed from Ottawa. The event was organized by the public transit advocacy group Trajectoire Québec, and brought together about 250 key players in the fields of public transportation, municipal politics, energy and ...