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According to Axios: US President Trump said that such a thing (about war with Iran) could trigger a global depression, and the agreement reached has averted that fate.On June 20th, Federal Reserve Vice Chairman for Supervision Bowman attended a private dinner hosted by Bank of America for its clients in New York on Wednesday evening. According to sources, the dinner was by invitation only. This came just hours after the Federal Reserve announced its latest policy decision. The dinner took place during the Feds communication blackout period, which prohibits Fed officials from publicly commenting on the economic situation or monetary policy in the days before and after a meeting, and lasts until the day after the meeting (Thursday). While the Feds rules do not explicitly prohibit closed-door meetings, they require officials to avoid sharing personal policy views with anyone who might financially benefit from them, unless those views are publicly available. The rules also state that officials should not allow any company to gain a prestige advantage relative to its competitors. Under the Feds communication policy, policymakers should carefully and rigorously consider this principle when arranging meetings with those who might benefit from exclusive access to Fed officials, and when considering accepting invitations to meetings hosted by for-profit organizations or not open to the public and media. It is unclear whether Bowmans attendance at the dinner violated these rules.Intercontinental Exchange (ICE): As of the week ending June 16, speculative net long positions in gasoline futures increased by 7,006 contracts to 60,810 contracts.Iraqs Ministry of Oil: Southern oil fields are expected to recover to production levels of more than 3 million barrels per day within one to two months.Federal Housing Finance Agency Director Pulte: Fannie Mae and Freddie Mac currently have strong liquidity.

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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