Key April Chinese Economic Data Are Released, Including Real Estate Investment, Industrial Added Value and Consumer Goods Retail Sales  

BTR Agreement with Moroccan Government

In the short term, there is an oversupply of lithium, leading to a decrease in the price of lithium carbonate and energy storage batteries. However, there is an expected increase in global new energy vehicle sales, which will drive up the demand for energy storage batteries. The global lithium carbonate production capacity is expected to exceed 2 million tons in 2024, leading to the risk of high-cost lithium production capacity being eliminated. In the short term, there may be a slowdown in downstream demand for lithium due to early reserve in power and energy storage industries, but with the recovery in demand, positive electrode material production is expected to increase. Additionally, events like early orders for positive electrode materials and the cancellation of futures contracts may impact the market in the short term, and market participants need to closely monitor these trends and take appropriate measures.

Kloeckner Metals UK has recently inaugurated its cutting-edge stockholding and processing facility at Newbridge Link in the Newbridge Industrial Estate in Edinburgh.

EKA, a prominent player in the electric mobility sector, has officially unveiled its highly anticipated 1.5-tonne electric Light Commercial Vehicles (LCVs) in collaboration with Mitsui Co., Ltd. from Japan and VDL Groep from the Netherlands as equity partners.

According to the Algerian ambassador to Malaysia, Abdelhafid Bounour, Lion Group plans to invest around US$ 6 billion (RM27.5 billion) in Algeria in alliance with Algeria's strategic vision of becoming the gateway to Africa and beyond.

Cong Liang, deputy director of the National Development and Reform Commission, introduced at the State Council’s regular policy briefing today that as of the end of August, investment within the central budget had basically been issued.

Chongqing issued the Notice on Further Optimizing the Use of Housing Provident Funds on August 11.

Changan Automobile (000625) today issued a public statement regarding the online Complaint Letter to the Purchasing Department of Changan Automobile. It stated that Changan Automobile has never received any "letter" from any supplier.

The EIA raised its forecast for oil prices and demand for 2023 and 2024 in its short-term energy outlook report.

According to multiple media reports, according to officials involved in the negotiations, the Group of Seven (G7) and the European Union will prohibit the restart of pipeline natural gas transmission from Russia.