GLG News by Mining Experts

At the present time the construction of catalytic converters for automotive exhaust emission control is the principal driver of demand for platinum, palladium, and rhodium. Essentially all of the world's platinum, palladium, and rhodium (platinum group metals or PGMs)comes from the combined output of ...

India imports an increasing percentage of its fuel needs for cars, trucks, trains, and planes; it is already at 70% and, therefore, already dependent on having and using huge amounts of foreign exchange for this purpose. This cannot go on if the domestic Indian car industry is to grow. India must either...

American OEM automotive assemblers were selling into an expanding US market, at all price levels, almost from the beginning. In Europe and Asia, by contrast, domestic car makers, until the eve of World War II, concentrated on the high end of the market. Economy of scale forced first European and then...

The implication of this headline is that it may be possible to use an alloy of the second most common metal, aluminum, to generate hydrogen, in place, for vehicle fuel purposes, from water. This, although true, academically, is a chemical reaction that has no practical value. It is in fact nowhere near...

General Electric's Jeff Immelt says he is surprised at the amount that SABIC agreed to pay for GE Plastics. This is disingenuous. The new price reflects the value, very low, in fact, that GE placed on the century of technology and knowhow it was offering. The tragedy is that the effect of this...

The OEM American automotive industry led by General Motors depends for component cost containment on a "China Price" policy. This policy, all component cost budgeting is based on the lowest price quoted by a "qualified" Chinese supplier, depends entirely on Chinese  costs remaining lower than those...

American OEM automotive purchasing management rushed to China early in the twenty-first century without any thought at all for the consequences to quality. The American OEM automotive industry has since observed but not yet learned that well written technology manuals, married to frequently changed...

Magna International's founder and still CEO, Frank Stronach, sold one-half of his personal holdings in Magna to a Russian oligarch earlier this month right in the middle of the bidding war for Chrysler. It is unlikely that this sale to the man who control's Russia's, now also the world's, largest...

The test that the UAW faces from the DaimlerChrysler/Cerberus deal is whether or not the union will survive in its current form.

Neither Senator Obama nor the American OEM automotive industry has much clout in Washington, DC, so both are making their case, for survival in their endeavors, to the public.  The Senator's green credentials are highly suspect and he has  taken a cheap shot at the beleaguered American...