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On August 14th, Bank of America strategists stated that a Republican victory in the midterm elections and retention of the Texas governorship could propel the stock market further upward. A team led by Michael Hartnett wrote that a strong performance by Trumps party on November 3rd, coupled with Greg Abbotts re-election in Texas, would be particularly beneficial for artificial intelligence (AI) trading. The midterm elections are considered a major risk event for US stocks, and Goldman Sachs strategist Snider recommends buying index volatility in the months leading up to the election. Hartnett stated, "If Trump retains the Senate and Abbott in Texas, the stock market—especially the AI sector—is expected to surge into a bubble 2027." However, if the Democrats win the Senate and defeat Abbott, the stock market could experience a "significant drop" of over 10%, and the dollar and bond yields would also decline by the end of the year.According to Axios: OpenAI underwent executive changes ahead of its IPO.August 14th - As of today (August 14th), the number of inbound and outbound passengers at Hangzhou Port this year has exceeded 3 million, roughly the same as the previous year. Among them, over 270,000 are foreign passengers, representing a year-on-year increase of over 12%, while over 160,000 are visa-free foreign passengers, representing a year-on-year increase of over 20%. The main sources of foreign passengers are South Korea, Vietnam, Singapore, and Malaysia.Russia has stated that there is no reason to give Ukraine a "temporary respite" regarding the situation in the Black Sea.Russia has stated that it cannot revive the 2022-23 Black Sea Initiative.

LG Energy inks supply contracts with three Canadian mining companies

Skylar Williams

Sep 23, 2022 11:13

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LG Energy Solution has sourcing agreements for lithium and cobalt with three Canadian mining companies in order to extend its operations in North America.


The deals, according to the Tesla (NASDAQ:TSLA) supplier, are part of an effort to expand mid- to long-term supply contracts with North American mines and processors.


LG stated that Electra, Avalon, and Snowlake will supply 7,000 tonnes of cobalt sulfate over the course of three years beginning in 2023, 55,000 tonnes of lithium hydroxide over the course of five years beginning in 2025, and 200,000 tonnes over the course of ten years.

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