[Lithium Battery: Yongtai Technology Secures 3-Year, 90,000-Ton Electrolyte Material Order From CATL]

London-based metals.io has added tokenized cobalt and nickel to its Tezos-based trading platform, opening access to commodities that have traditionally been available only to industrial buyers and large trading houses. The company said Thursday it purchased and tokenized 7 tonnes of the metals, launching xCo and xNi tokens that provide investors with ownership of physical metal held in secure storage facilities. The platform uses a trust structure combined with blockchain-based smart contracts to allow investors to buy, hold and trade the assets without the warehousing, financing and minimum lot-size requirements typically associated with physical commodity markets. “The rapid growth of AI, an explosion of manufacturing capacity in emerging markets and a host of other technological developments have created demand for the metals and minerals that power industries from automotive manufacturing to aerospace,” Ben Elvidge, lead for metals.io and head of alternative assets at Trilitech, said in a statement. “With the launch of metals.io and the dawn of tokenization, we’re able to streamline access to these essential commodities, making them available to a new profile of buyer and introducing new routes to market for suppliers.”

The SCIO released the overall targets of the 15th FYP for New Energy System, aiming to initially establish a clean, low-carbon, secure, and efficient energy system by 2030. China's installed power capacity has surpassed 4 billion kW and is projected to reach 5.4 billion kW by 2030. Renewable energy will exceed 50% of the total capacity to become the mainstay, while non-fossil generation will hit 50% as the main power supply. Coal and oil consumption will also peak by then.

The SCIO scheduled a press conference on June 26 regarding plans for accelerating the new energy system during the 15th FYP period. Zhejiang Province issued a notice to optimize commercial and industrial time-of-use (TOU) electricity tariffs, effective July 1. GFEX will officially introduce overseas traders to lithium carbonate futures and options trading on July 3.