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According to Japans Kyodo News, Japanese Prime Minister Sanae Takaichis cabinet approval rating has dropped to 53.7%, the lowest point since the cabinet was formed.On July 26, Saudi Aramco shares fell as much as 1.0% in early trading, dropping to 26.56 riyals. This decline followed attacks by Houthi rebels in Yemen on two Aramco oil facilities in the Saudi cities of Jizan and Yanbu, raising concerns about potential disruptions to the state-owned oil giants operations and infrastructure. However, including todays decline, the stock is still up approximately 11.8% year-to-date. According to data from the London Stock Exchange Group (LSEG), of the 17 brokerages covering the stock, 10 have a "buy" rating or higher, and 7 have a "hold" rating. The median target price is 30.80 riyals, implying an upside of approximately 16% from the intraday low.The African Development Banks climate chief said African countries need up to $50 billion in additional climate financing this year to help combat climate change.On July 26th, JiKr released a statement regarding overseas self-driving car infotainment system prompts and subsequent optimizations, adjusting its security strategy for outbound vehicles. JiKr stated that the "Cross-border Protection" function was officially launched on the JiKr App in the early hours of July 26th. Car owners can quickly obtain verification codes and unlock their vehicles with a single click, simplifying the process and improving response efficiency. Additionally, a "Cross-border Protection function switch" is under development and will be pushed out via OTA. Once the switch is launched, "Cross-border Protection" will be off by default. Before departure, car owners can manually turn it on or off on their mobile devices according to their needs. JiKr emphasized that if car owners actively enable this function, the vehicle infotainment system will display a prompt and some functions will be restricted after leaving the country. At that time, car owners can still unlock their vehicles themselves through the "Cross-border Protection" entry in the App, achieving a balance between "anti-theft protection" and "free passage."Saudi Aramco shares fell 1% in early trading.

Chinese Companies Want More Mining to Boost Supplies

Haiden Holmes

Nov 10, 2022 14:38

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China's top copper producers are urging the government to mine more of the metal locally and internationally, China Nonferrous Metals News said Wednesday.


Jiangxi Copper Co Ltd, Zijin Mining, Tongling Nonferrous Metals Group Co Ltd, and others urged authorities on Tuesday to start new mineral exploration and mine development.


Concerns are growing regarding the global supply of copper, which is utilized in transportation, construction, renewable energy, and electric cars.


Las Bambas copper mine in Peru, operated by Chinese miner MMG Ltd, has scaled down operations due to blockades by local organizations.


Chile's Codelco will extend smelter maintenance from 90 to 135 days.


China imports 25% of its copper needs.


At the meeting, Chinese corporations allegedly suggested mining companies should dig deeper and broader to lengthen mine life, while smelting companies should expedite foreign resource development and optimize their design across the industrial chain.


Chinese miners face growing competition for rare minerals elsewhere.


Canada ordered three Chinese corporations to withdraw from Canadian resources this week, citing security concerns.


China imported 23.40 million tons of copper ore and concentrate last year.