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On May 15, according to the Islamic Republic News Agency of Iran, Araghchi answered reporters questions during a government meeting held in the capital Tehran that day, saying that it was the United States that had hindered Irans development through sanctions, pressure, military and non-military threats over the past 40 years. The United States and its hegemonic policies are the root cause of Irans economic difficulties. The United States is trying to impose a non-independent and submissive regime, which "goes against the dignity of the Iranian people." In response to US President Trumps "maximum pressure" policy, Araghchi said that the United States "ignores all of Israels crimes in the region and tries to portray Iran as a threat," which is pure "deception and threat transfer."On May 15, local time on May 14, Ukrainian President Zelensky said in a routine video speech that evening that he was waiting for Russia to confirm the composition of the delegation to attend the talks in Istanbul, Turkey, and then plan Ukraines actions. "Today we held several meetings with the team on the format of the talks in Turkey. I am waiting for the arrival of Russian personnel, and then I will determine what measures Ukraine should take. We have also heard that US President Trump is considering the possibility of visiting Turkey." He also said that Ukraine is ready for any form of negotiations. In addition, Zelensky said that he listened to the report on the front-line situation from the Commander-in-Chief of the Ukrainian Armed Forces, Sersky, that day. He said that there are currently hundreds of battles every day, and the Ukrainian army continues to take action in Kursk and Belgorod Oblasts in Russia.According to Nikkei: The next generation of encryption technology is expected to emerge in the middle of the next decade.According to Nikkei: Japanese authorities are urging banks to adopt "post-quantum" technology to thwart hackers.U.S. House Speaker Johnson: Negotiations on the State and Local Government Taxation (SALT) bill are ongoing and "productive."

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

Haiden Holmes

Apr 11, 2022 09:37

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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.

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