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The Dutch Ministry of Foreign Affairs announced that the Netherlands will join the US-led Pax Silica initiative to work together on artificial intelligence security and chip supply chain security.June 23 – Global cellular IoT module shipments grew by 4% year-on-year in the first quarter of 2026, impacted by weak demand in the Chinese market. According to Counterpoint Researchs Global Cellular IoT Module and Chip Tracker report, China continued to lead the world in shipment volume in the first quarter of 2026. However, shipments in the Chinese market declined by 2% year-on-year during the quarter. This decline was mainly due to seasonal factors in the first quarter – during the Spring Festival holiday, demand from domestic OEMs in applications such as asset tracking, POS terminals, and connected vehicles decreased. The decline in domestic passenger car sales further affected market performance. Chief Analyst Tina Lu stated, “The growth performance of different technologies varied significantly. Although shipments declined in most technology categories, 4G Cat 1 bis module shipments increased by 12% year-on-year. This growth was mainly driven by demand for smart meters, POS terminals, asset tracking, and connected vehicle applications in developing markets such as India, the Middle East and Africa, and Latin America. In addition, 5G became the fastest-growing cellular technology with a year-on-year growth rate of 39%, mainly benefiting from increased demand for routers/CPEs, connected PCs, and automotive applications.”According to a Hong Kong Stock Exchange announcement, Tencent Holdings (00700.HK) repurchased 1.2 million shares on June 23, at a cost of approximately HK$500.7 million.ECB Chief Economist Lane: I see some upward momentum in wages.Market news: The European Union will intensify its investigation into the "addictive design" of Meta Platforms (META.O), which makes children addicted.

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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