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July 20th - According to South Korean media reports, SK Group Chairman Chey Tae-won stated that SK Hynix is currently searching for a location in the United States to build a chip factory, aiming to increase supply capacity and curb prices, given that demand for memory chips far exceeds supply. As a major player in the industry, he believes the current price level is excessively high and an "abnormal" phenomenon. Chey Tae-won stated, "I believe we need to build (a chip factory) not only in Gwangju and Jeolla Province, but also in the United States." "If conditions permit, I think it should be built. This involves trade pressures and other factors that need to be weighed, so we are considering this."On July 20, the U.S. Central Command announced on social media that a U.S. military personnel died on July 18 while on a mission related to Iran in northern Iraq. Additionally, the U.S. military is searching in Jordan for a U.S. personnel who went missing after the Iranian attack on July 17; unidentified remains have been found, and identification and verification are underway.July 20 – According to the Washington Post, the United States and Iran moved one step closer to a full-blown conflict on Sunday. Attacks on civilian and military facilities have escalated, and at least three (possibly four) U.S. military personnel have been killed since fighting resumed a week ago. In a brief phone interview with NewsNation on Sunday, Trump said he was “completely unconcerned” about Iran’s announcement that it would no longer abide by the bilateral memorandum of understanding reached a month ago. A U.S. official familiar with internal government discussions revealed, “The United States is planning a much larger war,” adding that the Pentagon is increasing the number of military aircraft in the region. However, the official also cautioned that the expansion of U.S. military operations will be constrained by several factors: dwindling stockpiles of air defense and long-range munitions, and limitations imposed by combat losses on the ability to rapidly deploy more troops and aircraft to the region.According to Saudi Arabias Al Arabiya TV: Iranian media reported that an explosion occurred in Delijan, a city in the southern part of Markazi province (Central Province), and another explosion occurred in Arak, a city in western Iran.Faraday Future (FFIE.O): Announced a partnership with the Argentine Football Association (AFA), officially becoming the official regional sponsor of the Argentine national team in the North American robotics and related robotics technologies sector.

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.