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February 8th - Currently, the red envelope codes from Alibabas Qianwen app and Tencents Yuanbao can be copied within WeChat. Previously, on the afternoon of February 6th, WeChat "blocked" Qianwen activity codes; some users who shared Qianwen red envelope codes to WeChat found that even after selecting the code, the WeChat page did not display a copy button. Yuanbao codes were also temporarily blocked.February 8th - "Currently, new funds deposited in three-year fixed deposits can enjoy an interest rate of 1.95%, which just came into effect a few days ago, an increase of about 10 basis points compared to before," a wealth management manager at a Ningbo Bank branch in Beijing told reporters. Recently, reporters visited and contacted several banks and learned that, with the Spring Festival approaching, many banks are launching special deposit and large-denomination certificate of deposit products, and are temporarily raising deposit interest rates.February 8th - According to China Railway Construction Corporation, Chinas "undersea space station" has been successfully applied. On the morning of February 6th, the worlds longest undersea high-speed railway tunnel made new progress. After 22 days of operation, Chinas first domestically developed shield tunneling machine with saturated pressure entry, the "Deep-Sea Space Station," successfully completed its debut on the Ningbo side of the Jintang Undersea Tunnel of the Ningbo-Zhoushan Railway, constructed by China Railway 14th Bureau Group. It successfully carried out shield tunneling operations at a depth of 75 meters in a high-pressure environment, replacing 46 cutterheads. This marks the successful application of my countrys independently developed shield tunneling saturated pressure entry technology, breaking through the 60-meter safe operating depth limit and continuing to explore depths up to 75 meters.The China Earthquake Networks Center officially reported that a magnitude 3.3 earthquake struck Beichuan County, Mianyang City, Sichuan Province at 11:01 AM on February 8th, with a focal depth of 14 kilometers.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 3.1 occurred near Beichuan County, Mianyang City, Sichuan Province at 11:01 on February 8. The final result is subject to the official rapid report.

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.

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