• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Irans Foreign Minister stated that the US attack on the desalination plant on Qeshm Island was a blatant and heinous crime. Water supplies to 30 villages have been affected. Attacking Iranian infrastructure is a dangerous act with serious consequences. This precedent was set by the US, not Iran.US President Trump: I can tell if a translator is good or bad. I wont spend time learning a language. I will never do that. Just give me a good translator.US President Trump: This week we officially recognized the Venezuelan government, which will boost the sale of Venezuelan gold.Domestic News: 1. The Peoples Bank of China (PBOC) has increased its gold reserves for the 16th consecutive month. 2. The Ministry of Human Resources and Social Security is studying measures to leverage artificial intelligence to create new jobs and empower traditional ones. 3. The State Administration of Foreign Exchange reported that foreign exchange reserves reached $3.4278 trillion at the end of February, up 0.85% from the end of January. 4. The Ministry of Culture and Tourism reported that domestic tourism trips and spending during the 2025 and 2026 Spring Festival holidays will both reach record highs. 5. The National Development and Reform Commission (NDRC) is coordinating the construction of satellite communication, navigation, and remote sensing systems, using scenario expansion as a driving force for low-altitude infrastructure development. 6. PBOC Governor Pan Gongsheng stated that a moderately loose monetary policy will be implemented to maintain relatively loose social financing conditions. 7. Sources indicate that a Philippine aircraft illegally entered the airspace over Huangyan Island, and the Peoples Liberation Army (PLA) warned and drove it away. International News: 1. Ahead of the Japan-US summit, Japan urged the US not to impose additional tariffs. 2. US senators proposed suspending the gasoline tax until October 1st, with a bill potentially submitted next week. 3. A new draft of US AI guidelines allows the government to use AI models from partner companies for any legitimate purpose. 4. MSC: Will impose an emergency fuel surcharge on all cargo shipped from the Mediterranean and Black Sea regions to the Indian subcontinent, the Red Sea, and East Africa. 5. Indian government sources: India will consider purchasing Russian liquefied natural gas if supplies are secured. Some tanker cargoes have already been booked and are planned for pickup at Yanbu port. 6. Iran situation—① Trump: We may increase the military budget to $1.5 trillion. ② Sources say Trump has expressed “strong interest” in deploying US ground troops to Iran. ③ The third US carrier strike group is reportedly to be deployed to the Middle East “soon.” ④ The Iranian stock market will remain closed until further notice. ⑤ Iranian President: Unconditional surrender is absolutely impossible; apologizes to neighboring countries. ⑥ Kuwait Oil Company preemptively cuts crude oil production and refining. ⑦ The Revolutionary Guard claims to have hit a Marshall Islands-flagged oil tanker, a US-owned vessel. ⑧ Trump: Iran will suffer a heavy blow today. Considering expanding the strike range. ⑨ Revolutionary Guard senior official Nakdi: The opportunity to destroy Israel has arrived. ⑩ Iranian military: Any enemy ship entering the Gulf will be sunk.US President Trump: The US war against Iran is "doing a good thing for the world".

Tesla May Invest in Lithium Mining as Musk Discusses Battery Metal Costs

Haiden Holmes

Apr 11, 2022 09:37

T2.png


Lithium has joined the commodities market upheaval in the aftermath of Russia's conflict on Ukraine. Even prior to the conflict, raw material prices soared as demand increases and availability were constrained by pandemic-related supply chain problems. Benchmark Mineral Intelligence's gauge of worldwide lithium prices has increased about 490 percent in the last year. China is so concerned about lithium pricing that it has gathered a diverse group of market participants for two days of negotiations aimed at preventing a meteoric rise in prices.


Because lithium is a critical component of electric car batteries, manufacturers are scrambling to secure supply ahead of a worldwide push toward electrification of transportation. Tesla has secured supply agreements with battery metals makers in the last couple of years, including one with mining giant Vale SA (NYSE:VALE).


Following the lithium price surge, China has already communicated to its EV battery supply chain that it wants lithium prices to revert to reasonable levels, as rising costs have raised manufacturers' cost inflation and threatened to ultimately harm consumer demand.