Energy Transition
Harald Mix steps down as Stegra chairman
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Steel company Stegra, building a fossil-free steel plant in Boden, announced on October 20, 2025, that founder Harald Mix is stepping down as board chairman. Mix remains a board member while Shaun Kingsbury takes over the role. The news comes amid a financial crisis where the company needs 10 billion kronor in new capital.
Commercialisation of hydrogen fuel cell trucks in China has revived optimism in the platinum industry. Northam Platinum CEO Paul Dunne highlighted a Chinese company's fleet of over 20,000 trucks, each using 100 grams of platinum. The development was discussed at a recent PGM conference in Johannesburg.
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The Iran war has caused worldwide petrol price hikes, expected to accelerate global electric vehicle (EV) uptake. In China, more than half of new car sales were EVs in 2025, potentially saving US$28 billion a year in avoided oil import costs.