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JPMorgan Chase raised its price target for Marathon Petroleum (MRO.N) from $257 to $300.On July 13th, the Ministry of Civil Affairs and 14 other departments jointly released the "Three-Year Action Plan for Expanding and Improving the Rehabilitation Assistive Device Industry (2026-2028)." Regarding payment guarantees, the plan supports the inclusion of eligible therapeutic rehabilitation assistive devices in medical insurance and explores the inclusion of intelligent services related to long-term care and supportive assistive devices in the long-term care insurance coverage. It also guides and encourages commercial insurance companies to include rehabilitation assistive device configurations in their commercial health insurance reimbursement scope. In terms of industry management, the plan accelerates the revision and formulation of mandatory standards for electric wheelchairs and recommended standards for wearable exoskeletons. Regarding talent cultivation, the plan supports eligible rehabilitation assistive device enterprises and institutions in establishing postdoctoral research workstations and supports universities and vocational schools in offering majors related to rehabilitation engineering and rehabilitation assistive device technology.On July 13, the General Office of the CPC Central Committee and the General Office of the State Council issued an opinion on improving the system for managing natural resource assets. The opinion mentions improving the system for inventorying, statistically analyzing, and accounting for natural resource assets. It calls for integrating and utilizing the results of natural resource surveys, land space monitoring, registration of ownership, grading, and valuation to conduct regular inventories of natural resource assets, clarifying the physical quantity, exploring ways to calculate the value, ascertaining the baseline of natural resource assets, and clarifying the status of usage rights. It also calls for establishing an annual update mechanism for the results of natural resource asset inventories and strengthening the analysis and application of these results. Furthermore, it emphasizes improving the statistical system for all-people-owned natural resource assets, improving the system for compiling natural resource asset balance sheets, and promoting their routine compilation. Finally, it explores the development of natural capital accounting.On July 13, the General Office of the CPC Central Committee and the General Office of the State Council issued an opinion on improving the system for managing natural resource assets. The opinion mentions improving the market system and rules for natural resource assets. It calls for deepening the reform of the paid use system for natural resource assets, establishing and improving rules for the allocation, transfer, leasing, valuation as investment (equity participation), joint ventures, and contracted management of natural resource assets in accordance with laws and regulations, improving relevant natural resource asset allocation contracts, clarifying the rights, obligations, and responsibilities of all parties, and implementing full life-cycle management. It also explores the establishment of a paid use system for state-owned agricultural land. The opinion promotes competitive bidding for mining rights and strictly controls negotiated bidding. It aims to gradually increase the proportion of market-based allocation of sea area use rights. It also aims to cultivate and regulate the water rights trading market. Furthermore, it calls for formulating rules for grading, classifying, and valuing natural resource assets in accordance with laws and regulations, and improving the natural resource asset pricing system. Finally, it emphasizes improving the natural resource asset trading mechanism, strengthening dynamic market monitoring and supervision, establishing a market credit system, and maintaining market order for natural resource assets.On July 13, the General Office of the CPC Central Committee and the General Office of the State Council issued an opinion on improving the system for managing natural resource assets. The main objectives are: by 2030, the system for managing natural resource assets will be more complete, with clearer responsibilities, a clearer picture of asset holdings, stronger overall protection, more efficient asset allocation, and more comprehensive assessment and supervision; all types of natural resource assets and all national land space will be effectively protected, and the level of natural resource asset management will be significantly improved. By 2035, the system and mechanisms for managing natural resource assets will operate smoothly, a complete and systematic system for managing natural resource assets will be fully established, and the level of natural resource asset management will be comprehensively improved.

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.