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On August 22, a Ukrainian drone struck an Ozon logistics hub in Chapayevsk, Samara Oblast, causing a fire that engulfed the approximately 135,000-square-meter facility. Ozon confirmed the attack and suspended operations indefinitely, removing affected products from its platform. That same night, a drone also struck a nearby oil refinery in Novokuibyshevsk. This marks the first successful attack on the Ozon network by Ukraine in weeks after attacks on rival Wildberries warehouses. Ukrainian authorities have characterized both e-commerce platforms as dual-use logistics systems supporting the Russian military.Iranian Parliament Speaker Ghalibaf: Iran has received information from neighboring countries regarding the establishment of "new security arrangements and economic cooperation".On August 22nd, it was reported that long-term government bond yields in major global economies have continued to rise recently, increasing selling pressure in the bond market. However, Chinas bond market and exchange rate have remained relatively stable, with Panda bond issuance reaching a record high for the same period. Data shows that as of August 21st, the cumulative issuance of Panda bonds in 2026 reached 209.975 billion yuan, an increase of over 73% year-on-year. Against the backdrop of sharp fluctuations in the global bond market, the increased investment by international institutions in domestic RMB financing has attracted attention. Industry insiders explained, "We and overseas markets are in completely different economic and monetary cycles. Foreign capital accounts for only about 5%-8% of my countrys bond market, while domestic capital holds absolute pricing power. Coupled with our monetary policy adhering to a self-reliant approach, overseas shocks cannot reverse the overall trend of the domestic bond market." Looking ahead, industry insiders believe that overseas bond yields are likely to remain highly volatile, highlighting the investment value of RMB bonds, and potentially leading to continued foreign investment in the medium to long term. However, it should be noted that rising US Treasury yields have raised the return threshold for global investment funds, which may disrupt the willingness of overseas institutions to increase their holdings of RMB bonds. In addition, the rapid rise in bond yields in developed countries overseas may also constrain the valuation of domestic risky assets.On August 22, the U.S. Department of Defense dismissed Eric Slavin, editor-in-chief of the military newspaper Stars and Stripes, publisher Max Laidler, and senior Middle East correspondent Lara Cortt on August 21 for "insubordination." This followed the newspapers recent report on poor working conditions and sailors mental breakdowns aboard the USS Abraham Lincoln aircraft carrier, sparking renewed criticism within the U.S. regarding the Trump administrations inability to end the conflict with Iran. Slavin stated in an interview on August 21 that he was dismissed for "insubordination." He had previously discussed his disagreements with the Department of Defense in an interview. Cortt wrote on the social media platform X on the same day: "Today, I was informed that the Department of Defense has dismissed me for insubordination."According to Irans Tasnim News Agency, Iranian officials have called on Qatar to transfer the detained Iranian pilot to a land-based hospital. Iranian officials stated that the detained pilot is currently on the water and is in "very poor" condition.

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.