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On April 21, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) released a report on the economic performance of central enterprises in the first quarter. The data showed that the central enterprises operated smoothly and orderly in the first quarter, with continued improvement in operational efficiency. Fixed asset investment reached 1.05 trillion yuan, a year-on-year increase of 23.5%, and added value reached 2.7 trillion yuan, a year-on-year increase of approximately 3%. Industrial development is moving towards new and superior directions, with investment in strategic emerging industries increasing by 19.5% year-on-year.On Tuesday, April 21, the Hang Seng Index opened 81.22 points higher, or 0.31%, at 26,442.29; the Hang Seng Tech Index opened 26.9 points higher, or 0.53%, at 5,092.53; the H-share Index opened 37.32 points higher, or 0.42%, at 8,936.38; and the Red Chip Index opened 13.31 points higher, or 0.31%, at 4,349.94.Hong Kong stocks opened higher, with the Hang Seng Index up 0.31% and the Hang Seng Tech Index up 0.53%.The Peoples Bank of China announced today that it conducted a 5 billion yuan 7-day reverse repurchase operation, with a bid amount of 5 billion yuan and a winning bid amount of 5 billion yuan. The operation rate was 1.40%, unchanged from the previous rate.The Xiaomi Vision Gran Turismo (hereinafter referred to as "Xiaomi Vision GT") will be unveiled at the 2026 Beijing International Automotive Exhibition, marking its first appearance at a domestic auto show.

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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