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Cornell study examines trade-off between critical metals requirement and transportation decarbonization

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—Fengqi You, senior author Currently, critical metals and minerals are centralized in politically unstable Chile, Congo, Indonesia, Brazil, Argentina and South Africa, according to the World Bank. It’s mainly driven by the electric vehicle market penetration and battery technology development.

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GE Transportation to Supply 100 Locomotives to Transnet in South Africa; First AC Diesel Electric Locomotive to Sub-Saharan Africa

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GE South African Technologies (GESAT), GE Transportation’s entity in South Africa, will supply 100 locomotives to Transnet Freight Rail (TFR). TFR is South Africa’s state-owned rail freight logistics utility; Transnet Limited is its parent company. It feeds the port of Saldanha Bay, for export to a global market.

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Ricardo study predicts that BRIC automotive markets will be eclipsed by the “Rising-15”

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Ricardo’s Rising-15 automotive markets include: Argentina; Egypt; Indonesia; Iran; Malaysia; Mexico; Morocco; Nigeria; Peru; the Philippines; South Africa; Thailand; Turkey; Ukraine; and Vietnam. Nissan introducing new Datsun in Indonesia.

Market 210
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G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

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The Group of Twenty (G20) Finance Ministers and Central Bank Governors was established in 1999 to bring together systemically important industrialized and developing economies to discuss key issues in the global economy.

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PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

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The low annual rate of global reduction of carbon emissions per unit of GDP needed to limit global warming to 2 °C—based on the probability assessments of the UN IPCC—is insufficient to achieve that goal, according to the latest Low Carbon Economy Index published by business consultancy PwC. —PwC.

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Strong Dollar Could Cap Oil Prices

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Argentina, Brazil, Turkey and South Africa have seen significant depreciations in their currencies this year. Because China is a voracious consumer of commodities, including crude oil, the compounding effect of a slowdown in the Chinese economy and a weaker yuan creates new headwinds for the oil market.