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On September 10th, Guan Zhiou, Secretary of the Hubei Provincial Party Committee, met with Robin Li, founder, chairman, and CEO of Baidu Group, in Wuhan. Guan Zhiou expressed his hope that Baidu Group would continue to deepen its presence in Hubei and strengthen cooperation in areas such as artificial intelligence and geospatial information to achieve mutual benefit and win-win development. Hubei will adhere to the principle of "responding to every request and not interfering unnecessarily," striving to create a first-class business environment and provide favorable conditions for Baidu Groups development in Hubei.The yield on UK 5-year government bonds rose 14 basis points to 4.94% on the day, on track for its biggest one-day gain since July 8.On September 10th, to further stimulate private investment, the principal official of the Private Enterprise Bureau of the National Development and Reform Commission chaired a symposium with relevant private enterprises and industry associations to listen face-to-face to the problems, obstacles, and suggestions encountered by enterprises in the investment process. Focusing on the investment intentions of private enterprises, a number of investment projects were promoted at the meeting to actively guide private capital participation in construction. A total of 36 projects were promoted, focusing on four key areas: transportation, logistics, water conservancy, and energy, with a total estimated investment of 61.4 billion yuan and a planned introduction of 15.6 billion yuan of private capital. These projects cover various types, including railways, warehousing, wind power, energy storage, charging facilities, and water diversion projects. Private capital can participate through various means such as sole proprietorship, holding, and equity participation in project companies.U.S. EIA natural gas storage for the week ending September 4 was 40 billion cubic feet, compared to an expected 31 billion cubic feet and a previous reading of 30 billion cubic feet.House Democrats sent a letter to U.S. auto safety regulators demanding measures be taken to address the misuse of Teslas Autopilot and FSD features, citing videos of drivers sleeping while driving.

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.