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Both WTI and Brent crude oil prices rose by about $0.80 in the short term, currently trading at $94.93/barrel and $95.67/barrel respectively.Futures News, May 26th: Shanghai Futures Exchange (SHFE) Energy and Chemical Warehouse Receipts and Changes: 1. Pulp futures warehouse receipts: 207,266 tons, an increase of 2,933 tons compared to the previous trading day; 2. Pulp futures mill warehouse receipts: 20,000 tons, unchanged compared to the previous trading day; 3. Offset paper futures warehouse receipts: 957 tons, unchanged compared to the previous trading day; 4. Offset paper futures mill warehouse receipts: 6,560 tons, unchanged compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 471 tons. 6. Petroleum asphalt futures warehouse receipts: 21,120 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 31,220 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 3,511,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 0 tons, unchanged from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.On Tuesday, May 26, the German DAX 30 index opened down 43.58 points, or 0.17%, at 25,350.35; the UK FTSE 100 index opened up 61.94 points, or 0.59%, at 10,528.20; and the French CAC 40 index opened down 22.64 points, or 0.27%, at 8,235.62. The Stoxx 50 index opened down 13.01 points, or 0.21%, at 6123.65 on Tuesday, May 26; the Spanish IBEX 35 index opened up 12.58 points, or 0.07%, at 18399.98 on Tuesday, May 26; and the Italian FTSE MIB index opened down 166.85 points, or 0.33%, at 50053.50 on Tuesday, May 26.At the close of trading on the 26th, apart from the Guolian An SSE Commodity ETF (up 1.63%) and the Huaxia Feed Soybean Meal Futures ETF (up 0.19%), commodity funds such as the Jianxin Energy and Chemical Futures ETF, Southern Shanghai Gold ETF, E Fund Gold ETF, and Bosera Gold ETF all declined. Among them, the Guotou UBS Silver Futures (LOF) fell 1.8%.According to Futures News on May 26, as of 15:00 Beijing time, spot platinum fell 0.67% and spot palladium fell 1.33%.

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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