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DA Davidson raised its price target for TSMC (TSM.N) from $450 to $500.The Hang Seng Tech Index fell further to 4%, while the Hang Seng Index is currently down 1.88%.July 17th - According to statistics from the Guangdong Branch of the General Administration of Customs, Guangdongs total import and export volume of goods reached 5.49 trillion yuan in the first half of the year, exceeding 5 trillion yuan for the first time in the same period, representing a 20.8% increase. This accounts for 21.6% of the national foreign trade, with a trade increment of 944.71 billion yuan, contributing 25.6% to the national foreign trade growth. Guangdong ranks first in the country in terms of share, increment, and contribution. Exports reached 3.22 trillion yuan, up 11.6%; imports reached 2.27 trillion yuan, up 36.8%. The monthly import and export volume in June exceeded one trillion yuan for the first time in history. Guangdongs exports of electromechanical products reached 2.27 trillion yuan, up 16%, accounting for over 70% of the provinces total exports, an increase of 2.7 percentage points compared to the same period last year. Among them, integrated circuit exports reached 266.7 billion yuan, up 61.4%; computer and component exports reached 246.12 billion yuan, up 14.6%. High-end manufacturing demonstrated strong international competitiveness, with exports of drones, high-end machine tools, and industrial robots increasing by 24.6%, 20.1%, and 16.8%, respectively. Exports of green and low-carbon products are impressive, with exports of lithium batteries and electric vehicles increasing by 42.7% and 35.3%, respectively.July 17th - The State Administration for Market Regulation announced today that the mandatory national standard "Safety Requirements for Elevator Manufacturing and Installation Part 3: Elevator Delivery Verification" is now open for public comment. This national standard clarifies the basic content and requirements for delivery verification of general passenger elevators and freight elevators. Building upon this, it also includes specific requirements for explosion-proof electrical components and waterproof protection of electrical equipment for special elevator types such as explosion-proof elevators and firefighter elevators, ensuring the standards applicability and specificity and meeting the actual needs of industry self-inspection.July 17th – The 2026 World Artificial Intelligence Conference (WAIC) opened in Shanghai. SpiritAI, a company focused on building a general-purpose embodied brain, showcased its latest advancements in embodied brains, robot bodies, and application scenarios. At the embodied brain level, SpiritAI publicly demonstrated long-range, complex tasks such as living room organization and desktop tidying for the first time at the conference. The Moz1 robot, equipped with SpiritAIs self-developed Spiritv1.6, can autonomously complete task decomposition, continuous planning, and dynamic adjustment based on a single natural language command, demonstrating its upgraded capabilities in long-range reasoning and complex task execution. Regarding bodies and application scenarios, SpiritAIs Moz2 robot made its debut. Unlike the Moz1, which primarily focuses on industrial scenarios, the Moz2 focuses on commercial service scenarios such as supermarkets, hotels, and office buildings, further expanding the application boundaries of robots.

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.