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On August 7 (Friday), the Shanghai Gold Exchanges gold T+D closed up 0.72% at 930.59 yuan/gram; the Shanghai Gold Exchanges silver T+D closed up 2.44% at 15517.0 yuan/kilogram.According to Yemeni state television, Yemeni air defense forces shot down several drones launched by Houthi rebels over Marib.On August 7th, the Civil Aviation Administration of China, the National Development and Reform Commission, and the Ministry of Transport jointly issued the "15th Five-Year Plan for Civil Aviation Development." The plan proposes to fully construct a system-wide, coordinated infrastructure system. It adheres to the principles of moderately advanced but not excessive advancement, and prioritizes intelligent, green, and integrated development. It emphasizes both improving existing infrastructure and optimizing new additions, promoting infrastructure upgrades and digital transformation, enhancing the sustainability of safe operations, and prioritizing the construction of first-class facilities. The plan also aims to fully build an independent and controllable innovation support system. It adheres to demand-driven and problem-oriented approaches, promoting the safe development of low-altitude civil aviation, accelerating the digital transformation and technological self-reliance of civil aviation, and comprehensively advancing the development of education, science, and talent to cultivate new types of productivity in civil aviation.Futures News, August 7th: Shanghai Futures Exchange (SHFE) Energy and Chemical Warehouse Receipts and Changes on August 7th: 1. Pulp futures warehouse receipts: 367,365 tons, unchanged from the previous trading day; 2. Pulp futures mill warehouse receipts: 20,000 tons, unchanged from the previous trading day; 3. Offset paper futures warehouse receipts: 2,758 tons, unchanged from the previous trading day; 4. Offset paper futures mill warehouse receipts: 6,520 tons, unchanged from the previous trading day; 5. Fuel oil futures warehouse receipts: 4,420 tons, unchanged from the previous trading day. The following figures were unchanged from the previous trading day: 6. Petroleum asphalt futures warehouse receipts: 13,260 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 18,210 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 2,961,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 3,930 tons, a decrease of 1,070 tons from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.On Friday, August 7th, the German DAX 30 index opened up 57.41 points, or 0.22%, at 26222.64; the UK FTSE 100 index opened up 3.03 points, or 0.03%, at 10870.92; the French CAC 40 index opened up 15.80 points, or 0.18%, at 8715.51; the Euro Stoxx 50 index opened up 13.39 points, or 0.21%, at 6515.95; the Spanish IBEX 35 index opened up 6.68 points, or 0.03%, at 20187.08; and the Italian FTSE MIB index opened up 128.28 points, or 0.24%, at 53811.00.

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.