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July 15th - According to data from the National Bureau of Statistics, in the first half of the year, the national online retail sales of goods and services reached 10,071.5 billion yuan, a year-on-year increase of 5.2%. Among them, online retail sales of goods reached 6,429.6 billion yuan, an increase of 4.8%; within online retail sales of goods, food, clothing, and daily necessities increased by 16.8%, 6.2%, and 1.3% respectively. Online retail sales of services reached 3,641.9 billion yuan, an increase of 6.0%.According to the National Bureau of Statistics, in the first half of the year, investment in high-tech industries increased by 4.6% year-on-year, with investment in the aviation, spacecraft and equipment manufacturing, computer and office equipment manufacturing, and information services industries increasing by 23.3%, 8.1%, and 15.5% year-on-year, respectively.July 15th - According to data from the National Bureau of Statistics, in the first half of the year, by location of business, urban retail sales of consumer goods reached 21,550.6 billion yuan, a year-on-year increase of 1.2%; rural retail sales of consumer goods reached 3,321.6 billion yuan, an increase of 2.5%. In June, urban retail sales of consumer goods reached 3,684.4 billion yuan, a year-on-year increase of 0.8%; rural retail sales of consumer goods reached 584.7 billion yuan, an increase of 2.1%. By consumption type, in the first half of the year, retail sales of goods reached 22,046.7 billion yuan, a year-on-year increase of 1.1%; catering revenue reached 2,825.5 billion yuan, an increase of 2.8%. In June, retail sales of goods reached 3,792.4 billion yuan, a year-on-year increase of 0.9%; catering revenue reached 476.7 billion yuan, an increase of 1.2%. By retail format, in the first half of the year, among retail enterprises above the designated size, convenience stores and supermarkets saw year-on-year increases of 6.6% and 3.8% respectively; specialty stores, department stores, and brand specialty stores saw decreases of 1.5%, 2.1%, and 8.7% respectively.According to the National Bureau of Statistics, private fixed asset investment fell by 8.5% year-on-year in the first half of the year. On a month-on-month basis, fixed asset investment (excluding rural households) fell by 0.37% in June.July 15th - According to data from the National Bureau of Statistics, from January to June, by industry, investment in the primary sector reached 460 billion yuan, a year-on-year increase of 0.9%; investment in the secondary sector reached 8.312 trillion yuan, a decrease of 1.1%; and investment in the tertiary sector reached 13.8649 trillion yuan, a decrease of 8.4%. Industrial investment decreased by 1.1% year-on-year. Among them, investment in mining increased by 5.9%, investment in manufacturing decreased by 1.2%, and investment in the production and supply of electricity, heat, gas, and water decreased by 2.7%. Infrastructure investment decreased by 2.4% year-on-year. Among them, investment in information transmission increased by 25.6%, investment in water transportation increased by 19.8%, and investment in air transportation increased by 11.0%.

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.