Chinese Lithium Prices and Shares Rise After Zangge Mining Halt
Zangge Mining Co. said a fully owned unit received a notice on Wednesday from the government in Haixi in the western province of Qinghai to immediately stop illegal mining activities, and to adhere to the rules that govern lithium resources.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
15 minutes ago
- Bloomberg
Philippines Sells $3.65 Billion of Bonds to Individual Investors
The Philippines sold 210 billion pesos ($3.65 billion) of treasury bonds to individual investors Tuesday, utilizing a key funding source to plug its budget gap. It accepted more than half of the 354 billion pesos bids in a retail bonds auction Tuesday, the Bureau of the Treasury announced. The five-year bond, which comes with an offer to exchange eligible holdings with the new issue, was priced at a coupon of 6%. The bonds will be offered to the general public through Aug. 15.
Bloomberg
15 minutes ago
- Bloomberg
US Explores Better Location Trackers for AI Chips
Good morning. The US wants to improve location-tracking capabilities in AI chips. Wall Street banks are cautioning a pullback in US stocks. And Hong Kong issues a record number of black rain warnings. Listen to the day's top stories. The US is looking at ways to equip semiconductors with better location-tracking capabilities, said Michael Kratsios, one of the architects of a US AI action plan unveiled by Trump last month. That underscores Washington's effort to curtail the flow of chips made by the likes of Nvidia to China. Meanwhile, Palantir Technologies reported a 48% increase in quarterly sales to more than $1 billion, citing the ' astonishing impact ' of AI technology on its business.
Bloomberg
15 minutes ago
- Bloomberg
China Neuralink Rival Seeks Pre-IPO Funds at $1.3 Billion Value
BrainCo, a startup aiming to compete with Elon Musk's Neuralink, is in talks to raise funds at a valuation of more than $1.3 billion ahead of a potential initial public offering in Hong Kong or mainland China. The company founded in 2015 by Harvard alumnus Han Bicheng is in negotiations to secure about $100 million in pre-IPO financing, people familiar with the matter said. The startup has begun preparing documents for a market debut, though it hasn't decided on venue or other details, the people said, asking to remain anonymous discussing private plans.
