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The governor of the region stated that Russias Yaroslavl region was hit by a large-scale Ukrainian drone attack, with industrial fuel storage facilities being struck.According to Iranian state media, a limited cyberattack disrupted four Iranian banks, but no data breaches were found.On June 14, Alibaba Group responded to inquiries, stating that the rumor of Zhou Jingrens resignation was completely false. "We have noticed that some people have been organizing the spread of this rumor online in recent days, and we urge everyone not to spread false information."On June 14th, a special meeting to promote the construction of the Cross-Strait Integrated Development Demonstration Zone was held in Xiamen, Fujian Province on the 13th. Wang Huning, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Chairman of the National Committee of the Chinese Peoples Political Consultative Conference, attended and delivered a speech. He stated that it is necessary to thoroughly implement the spirit of the Fourth Plenary Session of the 20th CPC Central Committee, implement General Secretary Xi Jinpings important expositions on Taiwan-related work and the Partys overall strategy for resolving the Taiwan issue in the new era, and build a high-quality Cross-Strait Integrated Development Demonstration Zone to promote greater achievements in cross-strait integrated development during the 15th Five-Year Plan period. Wang Huning stated that during the 15th Five-Year Plan period, deepening cross-strait integrated development and building the Cross-Strait Integrated Development Demonstration Zone will usher in broad development opportunities and prospects. Support should be given to Fujian to explore new mechanisms, new paths, and new models for cross-strait integrated development, promote higher-quality, deeper, and broader integration, and further leverage the leading role of the Cross-Strait Integrated Development Demonstration Zone.June 14th - This morning, the Songjiawan Downward Tunnel and the Pujia Gou Upward Tunnel, two key connecting tunnels located at Lezhi Station in Ziyang, Sichuan Province, were successfully completed, marking a crucial breakthrough in the hub connection project between the Chengdu-Chongqing Central Line High-Speed Railway and the Chengdu-Dazhou-Wanzhou High-Speed Railway. Lezhi Station is a newly built station and the only hub station connecting both high-speed railways simultaneously. The two connecting tunnels link the main lines towards Chengdu and Chongqing respectively, providing convenient conditions for trains to cross lines and turn around for traffic congestion relief.

Tesla May Invest in Lithium Mining as Musk Discusses Battery Metal Costs

Haiden Holmes

Apr 11, 2022 09:37

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Lithium has joined the commodities market upheaval in the aftermath of Russia's conflict on Ukraine. Even prior to the conflict, raw material prices soared as demand increases and availability were constrained by pandemic-related supply chain problems. Benchmark Mineral Intelligence's gauge of worldwide lithium prices has increased about 490 percent in the last year. China is so concerned about lithium pricing that it has gathered a diverse group of market participants for two days of negotiations aimed at preventing a meteoric rise in prices.


Because lithium is a critical component of electric car batteries, manufacturers are scrambling to secure supply ahead of a worldwide push toward electrification of transportation. Tesla has secured supply agreements with battery metals makers in the last couple of years, including one with mining giant Vale SA (NYSE:VALE).


Following the lithium price surge, China has already communicated to its EV battery supply chain that it wants lithium prices to revert to reasonable levels, as rising costs have raised manufacturers' cost inflation and threatened to ultimately harm consumer demand.