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The Peoples Bank of China (PBOC) announced today that it conducted 18 billion yuan of 7-day reverse repurchase operations, with both the bid and winning bids amounting to 18 billion yuan. The operating rate was 1.40%, unchanged from the previous rate.According to JLC Network Technologys calculations, as of the sixth working day on August 10th, the average price of benchmark crude oil was $80.59 per barrel, with a change rate of -9.32%. Domestic gasoline and diesel retail prices should be reduced by 380 yuan per ton. The adjustments are based on: 1. the domestic crude oil import structure and settlement benchmark varieties; 2. the possibility of slight adjustments based on import structure and other factors during the pricing mechanisms operation, which JLC Network Technology will revise accordingly; 3. at 24:00 on July 31st, domestic gasoline and diesel retail prices were increased by 685 and 655 yuan per ton respectively. Based on the "ten working days" principle, the adjustment window for this round is 24:00 on August 14th.As of 8:30 on August 10, 2026, Brent crude oil, WTI crude oil and other commodities saw the largest fluctuations. A chart reviews the overnight price changes in the international market and their corresponding theoretical mappings in the domestic market.Iranian media reported that the parliamentary National Security Committee approved the Strait of Hormuz security outline. International crude oil prices opened higher and fluctuated. A chart provides a quick overview of the pre-market crude oil prices converted between domestic and international markets.Futures News, August 10th: Crude oil prices continued to rise, driven by positive news and cost factors, leading to renewed price-pushing sentiment in the fuel oil market. Downstream traders remained cautious, with demand primarily driven by immediate needs, resulting in slow market activity. It is expected that fuel oil prices will see a slight increase today, but the rise will be limited.

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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