LPI | Jotup

LG Energy Solution and Hyundai Motor Group to Establish Battery Cell Manufacturing Joint Venture in the U.S.

Retrieved on:

Friday, May 26, 2023

The signing ceremony took place in LGES's headquarters in Seoul on May 26 with the attendance of Youngsoo Kwon, CEO of LG Energy Solution and Jaehoon Chang, President and CEO of Hyundai Motor Company.

Key Points:

The signing ceremony took place in LGES's headquarters in Seoul on May 26 with the attendance of Youngsoo Kwon, CEO of LG Energy Solution and Jaehoon Chang, President and CEO of Hyundai Motor Company.
LGES and Hyundai Motor Group will each hold a 50 percent stake in the JV, which will involve the investment of over USD 4.3 billion (KRW 5.7 trillion).
"Hyundai Motor Group is focusing on its electrification efforts to secure a leadership position in the global auto industry.
LGES and Hyundai Motor Group aim to further strengthen the ties going forward with the EV battery cooperation.

Ministry of Transport and Logistics Services: KSA Logistics sector market size to grow to 57.4 billion SAR by 2030

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Wednesday, May 24, 2023

To bolster the Kingdom's efforts in this direction, HRH Crown Prince Mohammed bin Salman has launched comprehensive programs focused on different aspects of the sector.

Key Points:

To bolster the Kingdom's efforts in this direction, HRH Crown Prince Mohammed bin Salman has launched comprehensive programs focused on different aspects of the sector.
The National Transport and Logistics Strategy (NTLS) was launched in 2021 with the aim to strengthen human and technical capabilities in the transport and logistics sector in the Kingdom.
Currently, the logistics sector contributes 6% of the KSA GDP and is projected to contribute 10% by 2030, that is, around SAR 20.1 billion.
The largest and most populous GCC nation, the Kingdom also aims to create over two hundred thousand jobs in the sector by 2030.

Ministry of Transport and Logistics Services: KSA Logistics sector market size to grow to 57.4 billion SAR by 2030

Retrieved on:

Wednesday, May 24, 2023

To bolster the Kingdom's efforts in this direction, HRH Crown Prince Mohammed bin Salman has launched comprehensive programs focused on different aspects of the sector.

Key Points:

To bolster the Kingdom's efforts in this direction, HRH Crown Prince Mohammed bin Salman has launched comprehensive programs focused on different aspects of the sector.
The National Transport and Logistics Strategy (NTLS) was launched in 2021 with the aim to strengthen human and technical capabilities in the transport and logistics sector in the Kingdom.
Currently, the logistics sector contributes 6% of the KSA GDP and is projected to contribute 10% by 2030, that is, around SAR 20.1 billion.
The largest and most populous GCC nation, the Kingdom also aims to create over two hundred thousand jobs in the sector by 2030.

transport logistic Southeast Asia bringing the global industry together at the number one logistics hotspot

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Tuesday, May 16, 2023

Singapore, May 16, 2023 - (ACN Newswire) - Messe München is hosting the first multimodal logistics trade fair in Singapore, the transport logistic and air cargo Southeast Asia.

Key Points:

Singapore, May 16, 2023 - (ACN Newswire) - Messe München is hosting the first multimodal logistics trade fair in Singapore, the transport logistic and air cargo Southeast Asia.
Asok Kumar, EVP Global Air Freight at DB Schenker, also sees enormous potential: "Southeast Asia is a playing field for new business opportunities in logistics.
"Singapore is the gateway to the greater Southeast Asia region and the most dynamic and exciting hotspot for transport and logistics right now.
By offering transport logistic and air cargo Southeast Asia, we are creating a platform for shippers and transport and logistics service providers to develop and expand their business in the region.

transport logistic Southeast Asia bringing the global industry together at the number one logistics hotspot

Retrieved on:

Tuesday, May 9, 2023

TEU, ASEAN, Port of Singapore, Strait, World Bank, Singapore and the World Bank, LPI, Warehouse, Rail freight transport

SINGAPORE, May 9, 2023 - (ACN Newswire) - Messe München is hosting the first multimodal logistics trade fair in Singapore, the transport logistic and air cargo Southeast Asia.

Key Points:

SINGAPORE, May 9, 2023 - (ACN Newswire) - Messe München is hosting the first multimodal logistics trade fair in Singapore, the transport logistic and air cargo Southeast Asia.
Running from November 1 to 3, 2023, the event will be the most influential meeting place for logistics, mobility, IT, and supply chain management in Southeast Asia.
"Singapore is the gateway to the greater Southeast Asia region and the most dynamic and exciting hotspot for transport and logistics right now.
By offering transport logistic and air cargo Southeast Asia, we are creating a platform for shippers and transport and logistics service providers to develop and expand their business in the region.

Activity Report for the Quarter ended March 2023

Retrieved on:

Monday, May 1, 2023

Lithium, Quarter, ASX, LPI, Government, Investment, ESG, MSB, Maricunga Gold Mine, Rare-earth element

Completion of the MSB ownership consolidation enabled LPI to increase its presence in Chile.

Key Points:

Completion of the MSB ownership consolidation enabled LPI to increase its presence in Chile.
A major public relations program is underway in Chile to explain development plans for LPI’s Maricunga lithium brine project.
The Company is pleased to provide comments on the impacts it will have on its Maricunga lithium brine project.
To read the company’s full ASX release with the results of its Activity Report for the Quarter ended March 2023, please click here .

GATX Corporation Reports 2023 First-Quarter Results

Retrieved on:

Tuesday, April 25, 2023

Rail, Transport, Other Transport, GATX, GRE, Rolls-Royce, LPI, Sale, Tax Adjustment Act of 1966, NYSE, Portfolio management, Security (finance), Airline, Video game

GATX Corporation (NYSE:GATX) today reported 2023 first-quarter net income of $77.4 million, or $2.16 per diluted share, compared to net income of $75.8 million, or $2.10 per diluted share, in the first quarter of 2022.

Key Points:

GATX Corporation (NYSE:GATX) today reported 2023 first-quarter net income of $77.4 million, or $2.16 per diluted share, compared to net income of $75.8 million, or $2.10 per diluted share, in the first quarter of 2022.
The 2023 first-quarter results included a net negative impact of $1.3 million, or $0.04 per diluted share, from Tax Adjustments and Other Items.
At March 31, 2023, GATX Rail Europe’s (GRE's) fleet consisted of approximately 28,500 cars.
GATX Corporation will host a teleconference to discuss 2023 first-quarter results.

When Lightning Strikes: How Business Can Protect Its Bottom Line

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Monday, April 24, 2023

Professional Services, Small Business, Commercial Building & Real Estate, Construction & Property, Insurance, Harger, Insurance Information Institute, Telephone, Structural Damage, Luigi, Risk, LPI, Lightning, Interruption, National Small Business Week, SBA, Fire, Property insurance, Risk management

Properly installed lightning protection systems include utilizing a certified lightning protection contractor and a third-party inspection program.

Key Points:

Properly installed lightning protection systems include utilizing a certified lightning protection contractor and a third-party inspection program.
Surge protection alone does not protect against the damage of a direct lightning strike.
Installing a complete lightning protection system which includes surge suppression will protect a business from the impact of lightning.
But smart entrepreneurs also recognize insurance and risk mitigation are essential elements to an overall business plan,” said Kevelighan.

The New Chilean National Lithium Policy

Retrieved on:

Monday, April 24, 2023

On the evening of 20 April 2023, Chilean President Gabriel Boric announced the long awaited National Lithium Policy (“NLP” or the “Policy”).

Key Points:

On the evening of 20 April 2023, Chilean President Gabriel Boric announced the long awaited National Lithium Policy (“NLP” or the “Policy”).
Lithium Power International’s Director and MSB’s Chairman, Russell Barwick, commented:
“We are pleased that the National Lithium Policy, as presented last week in Santiago, is very much along the lines of what was discussed and expected in our various discussions with Chilean authorities.
Rather than focus on what the legislation means for the future of the Chilean lithium industry, our focus is on what it means for our Maricunga lithium project and how it will transform the Chilean lithium industry through its development.
At LPI, we welcome President Boric’s National Lithium Strategy and its objective to positively transform the Chilean lithium industry.

Initial Response to the Chilean National Lithium Policy

Retrieved on:

Friday, April 21, 2023

Lithium Power International Limited (ASX: LPI) (“LPI” or the “Company”) is pleased to provide an English translation of two media reports in Chile in response to the initial release of the Chilean National Lithium Policy and the potential effect on the company’s Maricunga lithium brine project.

Key Points:

Lithium Power International Limited (ASX: LPI) (“LPI” or the “Company”) is pleased to provide an English translation of two media reports in Chile in response to the initial release of the Chilean National Lithium Policy and the potential effect on the company’s Maricunga lithium brine project.
This is particularly significant for the lithium industry, which has a fundamental role in the energy transition that enables the fight against climate change that the planet is facing.
Cristóbal García-Huidobro, CEO of Lithium Power International and general manager of Minera Salar Blanco, stressed that “this is good news for the country.
That is why the National Lithium Policy will be developed in two phases: before and after the State Company.