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On August 5th, Texas Governor Greg Abbott ordered a halt to the approval of new data center projects through the states grid interconnection process, citing concerns that surging electricity demand could threaten grid reliability, amid growing opposition to these projects. Texas is poised to become one of the worlds largest data center hubs, with industry forecasts suggesting it could surpass Virginia by 2030 thanks to its abundant land, energy supply, and favorable business environment. However, local opposition to these facilities is growing due to their high energy and water consumption and the pollution caused by the power generation processes. Last month, New York became the first state in the U.S. to suspend large-scale data center construction. In a letter to the Texas Public Utilities Commission and grid operator ERCOT on Monday, Abbott instructed that all planned data centers be audited before any new data center projects can proceed.N-Senhe rose nearly 80%, with a transaction volume exceeding 250 million yuan.As of 09:30 Beijing time, WTI crude oil futures rose 1.14% and U.S. natural gas futures rose 0.60%.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.Pakistani official: We have both public and private channels of communication to reach a US-Iran reconciliation.

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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