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Xi Jinping sent a congratulatory letter to the Shanghai Cooperation Organisation Green and Sustainable Development Forum.On April 29th, the Ministry of Civil Affairs and 11 other departments jointly issued the "Opinions on Promoting the Development of Mutual-Assistance Elderly Care Services," clarifying the definition of mutual-assistance elderly care services at the national level and proposing development goals. Mutual-assistance elderly care services refer to voluntary, non-profit elderly care services provided to the elderly through mutual assistance among neighbors or village (community) residents. The Opinions specify that by 2030, the coverage rate of urban and rural community elderly care service facilities with mutual-assistance service functions will be no less than 70%, the work mechanism for visiting and caring for elderly people with special difficulties in townships (streets) will be fully established, mutual-assistance elderly care services will be widely carried out, and the sustainability of services will be significantly enhanced.On April 29th, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.2550%, and the lowest was 0.7470%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.0590%, and the lowest was 1.0010%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.1860%, and the lowest was 1.0020%.As of 09:30 Beijing time, WTI crude oil futures rose 0.26%, while US natural gas futures fell 0.45%.On April 29th, futures market news: Shanghai silver futures contracts fell over 2% and Shanghai gold futures fell over 1% in early trading. A research report from Dongwu Futures pointed out that precious metals fluctuated downwards. The diplomatic stalemate in the US-Iran conflict in the Middle East, persistently high oil prices fueling inflation concerns, and the possibility that the Federal Reserve will remain on hold at its upcoming policy meeting all put pressure on gold and silver prices. Market sentiment is cautious ahead of Fed Chairman Powells final press conference and a clearer picture of the Iranian situation. This week, key attention should be paid to Middle East geopolitical developments, the Feds interest rate meeting, and PCE data. Furthermore, with the long holiday approaching, risk management is crucial to prevent adverse effects from overseas market disturbances during the holiday period on post-holiday positions.

Livent Explores Lithium Development Opportunities in Canada

Charlie Brooks

Nov 04, 2022 14:51

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Livent (NYSE:LTHM) Corp, a lithium producer, is investigating acquisitions in Canada and other countries to enhance production and processing of the metal used to make electric car batteries, according to the company's CEO.


Livent, one of the world's largest makers of the metal, has global expansion plans that include Canada. Nonetheless, the company desires to grow in order to meet the increasing demand of the electric vehicle (EV) and renewable energy industries.


In an interview on Thursday, Paul Graves, the chief executive officer of Livent, noted, "Canada is an integral part of our expanding capacity." "We have to get bigger. We can't just sit still."


Last month, Sarah Maryssael was named the company's chief strategy officer to pursue potential lithium deals abroad. Maryssael was recruited by Livent from Tesla (NASDAQ:TSLA) Inc, where she oversaw the procurement of lithium, cobalt, and nickel.


This week, Livent reported quarterly earnings that surpassed expectations and raised the midpoint of its annual forecast, while lowering the upper end of the forecast due to inflation concerns.


Livent has developed gradually in Canada since forming a joint venture in 2020 to acquire the Nemaska lithium project in Quebec, which is expected to open in 2025 and produce 34,000 tonnes of lithium. Graves claimed that Nemaska could potentially produce 100,000 tonnes per year, but Livent will investigate more development opportunities in Canada.


According to Livent's CEO since 2018, Mr. Graves, the company is interested in transactions in Argentina, where it owns a lithium brine project, and Australia. He added that Livent would not acquire a lithium mine if surrounding processing facilities were insufficient.


General Motors Company (NYSE:GM), BMW, and Tesla are among Livent's most important clients.


In general, the Canadian government has encouraged EV mineral operations; however, on Wednesday it ordered three Chinese businesses to divest from crucial Canadian mining projects, citing national security concerns.

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