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$PILBF..0.76.5 Pilbara Minerals plans to be leader #lithium...
https://thewest.com.au/business/mining/pilbara-minerals-plans-to-be-leader-in-lithium-ng-b88642845z
http://www.pilbaraminerals.com.au/site/content/
$PILBF..0.76.5 Pilbara Minerals plans to be leader #lithium...
https://thewest.com.au/business/mining/pilbara-minerals-plans-to-be-leader-in-lithium-ng-b88642845z
http://www.pilbaraminerals.com.au/site/content/
$PILBF Pilbara Minerals Limited 0.70 +0.065 (+10.24%)....
http://www.pilbaraminerals.com.au/site/content/
$LUVU 0.040 +0.006 (+17.65%).. Luvu Brands Reports Record Net Sales and Net Income..
https://www.otcmarkets.com/stock/LUVU/news/Luvu-Brands-Reports-Record-Net-Sales-and-Net-Income?id=171646&b=y
$PILBF #lithium #EV China’s Great Wall backs Pilbara’s WA lithium mine
http://www.engineeringnews.co.za/article/chinas-great-wall-backs-pilbaras-wa-lithium-mine-2017-09-29
Pilbara Minerals CEO interview #lithium #CNBC...
https://www.cnbc.com/video/2016/07/31/lithium-is-the-new-iron-ore-pilbara-ceo.html
'
Pilbara Minerals
http://www.pilbaraminerals.com.au/site/content/
https://finance.yahoo.com/quote/PILBF/key-statistics/
$PILBF #lithium #EV China’s Great Wall backs Pilbara’s WA lithium mine
http://www.engineeringnews.co.za/article/chinas-great-wall-backs-pilbaras-wa-lithium-mine-2017-09-29
Pilbara Minerals CEO interview #lithium #CNBC...
https://www.cnbc.com/video/2016/07/31/lithium-is-the-new-iron-ore-pilbara-ceo.html
'
Pilbara Minerals
http://www.pilbaraminerals.com.au/site/content/
https://finance.yahoo.com/quote/PILBF/key-statistics/
A true brain fart, lol
Buy the dips along the way to pay day 2019, demand coming
My most Gentlemanly Apology! Seems I made a mistake today, truly apologize to all on the board for my post.
Posted to the wrong board my post were meant for another board.
$CCNI $PILBF $SPRWF $GRWG #GiddyUp
$LUVU 0.040 +0.006 (+17.65%).. Luvu Brands Reports Record Net Sales and Net Income..
https://www.otcmarkets.com/stock/LUVU/news/Luvu-Brands-Reports-Record-Net-Sales-and-Net-Income?id=171646&b=y
$LUVU 0.040 +0.006 (+17.65%).. Luvu Brands Reports Record Net Sales and Net Income..
https://www.otcmarkets.com/stock/LUVU/news/Luvu-Brands-Reports-Record-Net-Sales-and-Net-Income?id=171646&b=y
SPRWF long ca. weed
what work $CCNI $SPRWF $GRWG $PILBF
no better greasing the wheels than buying MOMO $CCNI
CCNI sounds good with the stock repurchase program in place as well...
“Share repurchases have and will continue to be an important component of our capital allocation strategy,” said Bubba Sandford, president and CEO of Command Center. “Our strong financial results for the past several quarters have strengthened our balance sheet, providing not only the flexibility to opportunistically repurchase our own shares but also allowing us to continue evaluating additional store openings and potential acquisitions. We continue to believe these strategies are optimal for driving long-term shareholder value.”
https://www.otcmarkets.com/stock/CCNI/news/Command-Center-Authorizes-New--5-Million-Stock-Repurchase-Program?id=169865&b=y
PILBF 0.59 +0.058 (+10.90%) volume 135,625 pick up quite a bit lately....
Avg Vol (3 month) 82.98k
Avg Vol (10 day) 190.04k
https://finance.yahoo.com/quote/PILBF/profile?p=PILBF
$PILBF Pilbara Minerals..0.59 +0.058 (+10.90%) #EV #lithium supplier..Pilbara Minerals Ltd (ASX: PLS) has announced that it has struck a multi-million dollar deal with Chinese automaker Great Wall Motor Company.
Pilbara Minerals said it’s the first time an electric manufacturer has struck a direct investment deal with a lithium supplier.
Under the offtake agreement, Great Wall will provide Pilbara Minerals with $28 million in an upfront equity subscription for shares in the Australian miner and take up to 150,000 tonnes per year of spodumene concentrate, a source of lithium...
Read more
https://www.fool.com.au/2017/09/29/why-pilbara-minerals-ltd-shares-are-going-nuts-today-as-lithium-prices-rise-again/
http://www.engineeringnews.co.za/article/chinas-great-wall-backs-pilbaras-wa-lithium-mine-2017-09-29
----------------------------------------------------------
3 Must Read Stories: China Orders North Korea Companies Shutdown, Yuan's Fall, China Car Maker's Lithium Play -- Barron's
9:17 PM ET 9/28/17 | Dow Jones
By Adam Routh
The Chinese government has ordered all North Korean companies or joint ventures operating in China to shut down within four months as a result of the United Nation sanctions imposed in response to Pyongyang's ballistic missile tests.
The move comes amid intense international pressure on China to rein-in Kim Jong-un's belligerent regime and ahead of U.S. Secretary of State Rex Tillerson's visit to China at the weekend, when the problem of North Korea will be discussed . Here's Bloomberg with the details:
Companies are required to cease business within 120 days of Sept. 12 -- the day after the UN passed new sanctions aimed at punishing North Korea for its latest missile and nuclear tests. Non-profit and non-commercial public utility and infrastructure projects are not subject to the order, the ministry said.
The Chinese yuan fell 0.5% against the dollar on Thursday, bringing bringing its declines over the last three weeks to 3.1% - halving the gains the Chinese currency had made versus the dollar this year. The Wall Street Journal takes a look at what lies behind the yuan's decline since it hit a 17-month high against the dollar on Sept. 8:
Soon after the yuan hit that high, China's central bank ended measures it had earlier put in place to support the yuan, including a two-year-old rule that made it more expensive for traders to bet against the currency. That move was taken by analysts and investors as a sign that Chinese authorities were growing uncomfortable with the currency's ascent against the dollar. A stronger yuan makes China's exports less competitive globally.
"It was quite an obvious turnaround in PBOC policy," said Ken Cheung, senior Asian foreign-exchange strategist at Mizuho Bank in Hong Kong.
Around the same time, the U.S. dollar started rebounding in global currency markets. The ICE Dollar Index, which measures the U.S. currency against six others, has risen 2.2% since Sept. 8.
The dollar's recovery gained steam after Federal Reserve officials indicated they still expect to raise interest rates one more time this year and three times in 2018, despite recent weak inflation readings. The Republican party's plan for overhauling the U.S. tax code, released Wednesday, has added to dollar's advance.
China has set a very ambitious electric vehicle production target as Beijing seeks to curb air pollution and nurture a domestic green-car industry. Domestic car makers will be forced to start manufacturing electric vehicles in 2019. With lithium batteries being key, China's Great Wall Motors has signed a deal with Australia's Pilbara Minerals for the supply of 150,000 tonnes a year of spodumene concentrate from Pilbara's Pilgangoora lithium mine for use in the car maker's electric
and hybrid vehicles. Speaking to The Australian, Pilbara managing director Ken Brinsden said he expected the deal to be the first of many between car makers and raw material suppliers:
"If you take a look across the lithium world, the two things are becoming clearer to the industry as a whole. Firstly, on the supply side, the raw materials are not coming online as quickly as many had assumed. Secondly, the demand growth is much bigger than people had previously shared," he told The Australian:
"Now it's becoming clearer just how big this story could be, people are realising they have to invest in what is happening in the raw material supply chain."
Under the deal, Great Wall will take a $28 million placement in Pilbara -- which will give it a stake of around 3 per cent in the company -- and will also provide up to $US50m in debt funding for a planned expansion of Pilgangoora.
More at Barron's Asia Stocks to Watch blog, http://www.barrons.com/asia-stocks-to-watch
> Dow Jones Newswires
September 28, 2017 21:17 ET (01:17 GMT)
Pilbara Minerals Ltd
http://www.pilbaraminerals.com.au/site/content/
https://finance.yahoo.com/quote/PILBF/key-statistics/
$PILBF Pilbara Minerals..0.59 +0.058 (+10.90%) #EV #lithium supplier..Pilbara Minerals Ltd (ASX: PLS) has announced that it has struck a multi-million dollar deal with Chinese automaker Great Wall Motor Company.
Pilbara Minerals said it’s the first time an electric manufacturer has struck a direct investment deal with a lithium supplier.
Under the offtake agreement, Great Wall will provide Pilbara Minerals with $28 million in an upfront equity subscription for shares in the Australian miner and take up to 150,000 tonnes per year of spodumene concentrate, a source of lithium...
Read more
https://www.fool.com.au/2017/09/29/why-pilbara-minerals-ltd-shares-are-going-nuts-today-as-lithium-prices-rise-again/
http://www.engineeringnews.co.za/article/chinas-great-wall-backs-pilbaras-wa-lithium-mine-2017-09-29
----------------------------------------------------------
3 Must Read Stories: China Orders North Korea Companies Shutdown, Yuan's Fall, China Car Maker's Lithium Play -- Barron's
9:17 PM ET 9/28/17 | Dow Jones
By Adam Routh
The Chinese government has ordered all North Korean companies or joint ventures operating in China to shut down within four months as a result of the United Nation sanctions imposed in response to Pyongyang's ballistic missile tests.
The move comes amid intense international pressure on China to rein-in Kim Jong-un's belligerent regime and ahead of U.S. Secretary of State Rex Tillerson's visit to China at the weekend, when the problem of North Korea will be discussed . Here's Bloomberg with the details:
Companies are required to cease business within 120 days of Sept. 12 -- the day after the UN passed new sanctions aimed at punishing North Korea for its latest missile and nuclear tests. Non-profit and non-commercial public utility and infrastructure projects are not subject to the order, the ministry said.
The Chinese yuan fell 0.5% against the dollar on Thursday, bringing bringing its declines over the last three weeks to 3.1% - halving the gains the Chinese currency had made versus the dollar this year. The Wall Street Journal takes a look at what lies behind the yuan's decline since it hit a 17-month high against the dollar on Sept. 8:
Soon after the yuan hit that high, China's central bank ended measures it had earlier put in place to support the yuan, including a two-year-old rule that made it more expensive for traders to bet against the currency. That move was taken by analysts and investors as a sign that Chinese authorities were growing uncomfortable with the currency's ascent against the dollar. A stronger yuan makes China's exports less competitive globally.
"It was quite an obvious turnaround in PBOC policy," said Ken Cheung, senior Asian foreign-exchange strategist at Mizuho Bank in Hong Kong.
Around the same time, the U.S. dollar started rebounding in global currency markets. The ICE Dollar Index, which measures the U.S. currency against six others, has risen 2.2% since Sept. 8.
The dollar's recovery gained steam after Federal Reserve officials indicated they still expect to raise interest rates one more time this year and three times in 2018, despite recent weak inflation readings. The Republican party's plan for overhauling the U.S. tax code, released Wednesday, has added to dollar's advance.
China has set a very ambitious electric vehicle production target as Beijing seeks to curb air pollution and nurture a domestic green-car industry. Domestic car makers will be forced to start manufacturing electric vehicles in 2019. With lithium batteries being key, China's Great Wall Motors has signed a deal with Australia's Pilbara Minerals for the supply of 150,000 tonnes a year of spodumene concentrate from Pilbara's Pilgangoora lithium mine for use in the car maker's electric
and hybrid vehicles. Speaking to The Australian, Pilbara managing director Ken Brinsden said he expected the deal to be the first of many between car makers and raw material suppliers:
"If you take a look across the lithium world, the two things are becoming clearer to the industry as a whole. Firstly, on the supply side, the raw materials are not coming online as quickly as many had assumed. Secondly, the demand growth is much bigger than people had previously shared," he told The Australian:
"Now it's becoming clearer just how big this story could be, people are realising they have to invest in what is happening in the raw material supply chain."
Under the deal, Great Wall will take a $28 million placement in Pilbara -- which will give it a stake of around 3 per cent in the company -- and will also provide up to $US50m in debt funding for a planned expansion of Pilgangoora.
More at Barron's Asia Stocks to Watch blog, http://www.barrons.com/asia-stocks-to-watch
> Dow Jones Newswires
September 28, 2017 21:17 ET (01:17 GMT)
Pilbara Minerals Ltd
http://www.pilbaraminerals.com.au/site/content/
https://finance.yahoo.com/quote/PILBF/key-statistics/
$PILBF #LITHIUM 0.59 +0.058 (+10.90%)...
$PILBF Pilbara Minerals.. #EV #lithium supplier..Pilbara Minerals Ltd (ASX: PLS) has announced that it has struck a multi-million dollar deal with Chinese automaker Great Wall Motor Company.
Pilbara Minerals said it’s the first time an electric manufacturer has struck a direct investment deal with a lithium supplier.
Under the offtake agreement, Great Wall will provide Pilbara Minerals with $28 million in an upfront equity subscription for shares in the Australian miner and take up to 150,000 tonnes per year of spodumene concentrate, a source of lithium...
Read more
https://www.fool.com.au/2017/09/29/why-pilbara-minerals-ltd-shares-are-going-nuts-today-as-lithium-prices-rise-again/
http://www.engineeringnews.co.za/article/chinas-great-wall-backs-pilbaras-wa-lithium-mine-2017-09-29
----------------------------------------------------------
3 Must Read Stories: China Orders North Korea Companies Shutdown, Yuan's Fall, China Car Maker's Lithium Play -- Barron's
9:17 PM ET 9/28/17 | Dow Jones
By Adam Routh
The Chinese government has ordered all North Korean companies or joint ventures operating in China to shut down within four months as a result of the United Nation sanctions imposed in response to Pyongyang's ballistic missile tests.
The move comes amid intense international pressure on China to rein-in Kim Jong-un's belligerent regime and ahead of U.S. Secretary of State Rex Tillerson's visit to China at the weekend, when the problem of North Korea will be discussed . Here's Bloomberg with the details:
Companies are required to cease business within 120 days of Sept. 12 -- the day after the UN passed new sanctions aimed at punishing North Korea for its latest missile and nuclear tests. Non-profit and non-commercial public utility and infrastructure projects are not subject to the order, the ministry said.
The Chinese yuan fell 0.5% against the dollar on Thursday, bringing bringing its declines over the last three weeks to 3.1% - halving the gains the Chinese currency had made versus the dollar this year. The Wall Street Journal takes a look at what lies behind the yuan's decline since it hit a 17-month high against the dollar on Sept. 8:
Soon after the yuan hit that high, China's central bank ended measures it had earlier put in place to support the yuan, including a two-year-old rule that made it more expensive for traders to bet against the currency. That move was taken by analysts and investors as a sign that Chinese authorities were growing uncomfortable with the currency's ascent against the dollar. A stronger yuan makes China's exports less competitive globally.
"It was quite an obvious turnaround in PBOC policy," said Ken Cheung, senior Asian foreign-exchange strategist at Mizuho Bank in Hong Kong.
Around the same time, the U.S. dollar started rebounding in global currency markets. The ICE Dollar Index, which measures the U.S. currency against six others, has risen 2.2% since Sept. 8.
The dollar's recovery gained steam after Federal Reserve officials indicated they still expect to raise interest rates one more time this year and three times in 2018, despite recent weak inflation readings. The Republican party's plan for overhauling the U.S. tax code, released Wednesday, has added to dollar's advance.
China has set a very ambitious electric vehicle production target as Beijing seeks to curb air pollution and nurture a domestic green-car industry. Domestic car makers will be forced to start manufacturing electric vehicles in 2019. With lithium batteries being key, China's Great Wall Motors has signed a deal with Australia's Pilbara Minerals for the supply of 150,000 tonnes a year of spodumene concentrate from Pilbara's Pilgangoora lithium mine for use in the car maker's electric
and hybrid vehicles. Speaking to The Australian, Pilbara managing director Ken Brinsden said he expected the deal to be the first of many between car makers and raw material suppliers:
"If you take a look across the lithium world, the two things are becoming clearer to the industry as a whole. Firstly, on the supply side, the raw materials are not coming online as quickly as many had assumed. Secondly, the demand growth is much bigger than people had previously shared," he told The Australian:
"Now it's becoming clearer just how big this story could be, people are realising they have to invest in what is happening in the raw material supply chain."
Under the deal, Great Wall will take a $28 million placement in Pilbara -- which will give it a stake of around 3 per cent in the company -- and will also provide up to $US50m in debt funding for a planned expansion of Pilgangoora.
More at Barron's Asia Stocks to Watch blog, http://www.barrons.com/asia-stocks-to-watch
> Dow Jones Newswires
September 28, 2017 21:17 ET (01:17 GMT)
Pilbara Minerals Ltd
http://www.pilbaraminerals.com.au/site/content/
https://finance.yahoo.com/quote/PILBF/key-statistics/
$PILBF #LITHIUM 0.59 +0.058 (+10.90%)
Fiscal Year 2017 Highlights: $LUVU Brands...
Record net sales of $16.9 million, an increase of .6% from the prior year.
Record gross profit of $4.9 million, an increase of $.7 million, or 17%, from the prior year.
$736,000 in income from operations, compared to income from operations of $147,000 in the prior year.
Net income of $203,000 compared to a net loss of $312,000 in the prior year.
Adjusted EBITDA of $975,000, a 139% increase from $408,000 in the prior year.
Management Commentary
"During fiscal 2017 we experienced strong growth in sales of our manufactured products, including a 52% increase in Jaxx and Avana branded products, and a significant improvement in our gross profit margins," said Luvu Brands President and CEO, Louis Friedman. "Our focus in fiscal 2018 is on continuing to improve our production efficiencies and gross profit margins and ramping up production in order to keep pace with the continued strong demand", added Mr. Friedman.
https://www.otcmarkets.com/stock/LUVU/news/Luvu-Brands-Reports-Record-Net-Sales-and-Net-Income?id=171646&b=y
$LUVU Looks like they had a great fy 2017, Net sales for the year were flatish + , but that was the first full quarter (Q4) since discontinuing their Japan adult business and I'm not sure how much support the Japan distribution provided during the weak quarter Q4.
Gonna hang on to see how the plan pans out.
Fiscal Year 2017 Highlights:
Record net sales of $16.9 million, an increase of .6% from the prior year.
Record gross profit of $4.9 million, an increase of $.7 million, or 17%, from the prior year.
$736,000 in income from operations, compared to income from operations of $147,000 in the prior year.
Net income of $203,000 compared to a net loss of $312,000 in the prior year.
Adjusted EBITDA of $975,000, a 139% increase from $408,000 in the prior year.
Management Commentary
"During fiscal 2017 we experienced strong growth in sales of our manufactured products, including a 52% increase in Jaxx and Avana branded products, and a significant improvement in our gross profit margins," said Luvu Brands President and CEO, Louis Friedman. "Our focus in fiscal 2018 is on continuing to improve our production efficiencies and gross profit margins and ramping up production in order to keep pace with the continued strong demand", added Mr. Friedman.
https://www.otcmarkets.com/stock/LUVU/news/Luvu-Brands-Reports-Record-Net-Sales-and-Net-Income?id=171646&b=y
Jan 20, 2017
As part of this plan, and in an effort to reduce staff, shipping expense, inventory, and rationalize our SKU count, Mr. Friedman added, "By the end of January, 2017 we will phase-out and no longer distribute products from Tenga Japan, including their male pleasure products and personal massagers. For the three months ended December 31, 2016, sales of Tenga products resulted in $838,000 of revenues, a gross margin of $153,000 with an estimated net contribution of $86,000, after expenses. The termination of the Tenga relationship enables us to reallocate warehouse space, sales personnel and employees to focus on expanding the Liberator, Jaxx and Avana brands, which are sold at significantly higher gross margins than Tenga products."
https://www.otcmarkets.com/stock/LUVU/news/Luvu-Brands-Announces-Preliminary-Q2-Fiscal-2017-Results?id=149095&b=y
That ticker was $LUVU BRANDS 0.035 GA.USA
https://www.otcmarkets.com/stock/LUVU/profile
Nice to see the board a little busier..$GRWG
$PILBF 0.533 Thanks, #lithium. $LUVU On watch 10k 73m O/S unch
26m float
Luvu Brands Announces Preliminary Fiscal 2017 Results
Aug 15, 2017
https://www.otcmarkets.com/stock/LUVU/news/Luvu-Brands-Announces-Preliminary-Fiscal-2017-Results?id=167360&b=y
$LUVU Brands 0.035 SS UNCH Still watching for 10k...
LUVU
Security Details
Share Structure
Market Value1 $2,570,841 a/o Oct 03, 2017
Authorized Shares 175,000,000 a/o Sep 28, 2017
Outstanding Shares 73,452,596 a/o Sep 28, 2017
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 26,720,000 a/o Dec 01, 2016
https://www.otcmarkets.com/stock/LUVU/profile
$PILBF Pilbara Minerals CEO interview #lithium #CNBC...
https://www.cnbc.com/video/2016/07/31/lithium-is-the-new-iron-ore-pilbara-ceo.html
'
Pilbara Minerals
http://www.pilbaraminerals.com.au/site/content/
https://finance.yahoo.com/quote/PILBF/key-statistics/
$PILBF Pilbara Minerals CEO interview #lithium #CNBC...
https://www.cnbc.com/video/2016/07/31/lithium-is-the-new-iron-ore-pilbara-ceo.html
'
Pilbara Minerals
http://www.pilbaraminerals.com.au/site/content/
https://finance.yahoo.com/quote/PILBF/key-statistics/
$PILBF .51c Pilbara Minerals.. #EV #lithium supplier..Pilbara Minerals Ltd (ASX: PLS) has announced that it has struck a multi-million dollar deal with Chinese automaker Great Wall Motor Company.
Pilbara Minerals said it’s the first time an electric manufacturer has struck a direct investment deal with a lithium supplier.
Under the offtake agreement, Great Wall will provide Pilbara Minerals with $28 million in an upfront equity subscription for shares in the Australian miner and take up to 150,000 tonnes per year of spodumene concentrate, a source of lithium...
Read more
https://www.fool.com.au/2017/09/29/why-pilbara-minerals-ltd-shares-are-going-nuts-today-as-lithium-prices-rise-again/
http://www.engineeringnews.co.za/article/chinas-great-wall-backs-pilbaras-wa-lithium-mine-2017-09-29
----------------------------------------------------------
3 Must Read Stories: China Orders North Korea Companies Shutdown, Yuan's Fall, China Car Maker's Lithium Play -- Barron's
9:17 PM ET 9/28/17 | Dow Jones
By Adam Routh
The Chinese government has ordered all North Korean companies or joint ventures operating in China to shut down within four months as a result of the United Nation sanctions imposed in response to Pyongyang's ballistic missile tests.
The move comes amid intense international pressure on China to rein-in Kim Jong-un's belligerent regime and ahead of U.S. Secretary of State Rex Tillerson's visit to China at the weekend, when the problem of North Korea will be discussed . Here's Bloomberg with the details:
Companies are required to cease business within 120 days of Sept. 12 -- the day after the UN passed new sanctions aimed at punishing North Korea for its latest missile and nuclear tests. Non-profit and non-commercial public utility and infrastructure projects are not subject to the order, the ministry said.
The Chinese yuan fell 0.5% against the dollar on Thursday, bringing bringing its declines over the last three weeks to 3.1% - halving the gains the Chinese currency had made versus the dollar this year. The Wall Street Journal takes a look at what lies behind the yuan's decline since it hit a 17-month high against the dollar on Sept. 8:
Soon after the yuan hit that high, China's central bank ended measures it had earlier put in place to support the yuan, including a two-year-old rule that made it more expensive for traders to bet against the currency. That move was taken by analysts and investors as a sign that Chinese authorities were growing uncomfortable with the currency's ascent against the dollar. A stronger yuan makes China's exports less competitive globally.
"It was quite an obvious turnaround in PBOC policy," said Ken Cheung, senior Asian foreign-exchange strategist at Mizuho Bank in Hong Kong.
Around the same time, the U.S. dollar started rebounding in global currency markets. The ICE Dollar Index, which measures the U.S. currency against six others, has risen 2.2% since Sept. 8.
The dollar's recovery gained steam after Federal Reserve officials indicated they still expect to raise interest rates one more time this year and three times in 2018, despite recent weak inflation readings. The Republican party's plan for overhauling the U.S. tax code, released Wednesday, has added to dollar's advance.
China has set a very ambitious electric vehicle production target as Beijing seeks to curb air pollution and nurture a domestic green-car industry. Domestic car makers will be forced to start manufacturing electric vehicles in 2019. With lithium batteries being key, China's Great Wall Motors has signed a deal with Australia's Pilbara Minerals for the supply of 150,000 tonnes a year of spodumene concentrate from Pilbara's Pilgangoora lithium mine for use in the car maker's electric
and hybrid vehicles. Speaking to The Australian, Pilbara managing director Ken Brinsden said he expected the deal to be the first of many between car makers and raw material suppliers:
"If you take a look across the lithium world, the two things are becoming clearer to the industry as a whole. Firstly, on the supply side, the raw materials are not coming online as quickly as many had assumed. Secondly, the demand growth is much bigger than people had previously shared," he told The Australian:
"Now it's becoming clearer just how big this story could be, people are realising they have to invest in what is happening in the raw material supply chain."
Under the deal, Great Wall will take a $28 million placement in Pilbara -- which will give it a stake of around 3 per cent in the company -- and will also provide up to $US50m in debt funding for a planned expansion of Pilgangoora.
More at Barron's Asia Stocks to Watch blog, http://www.barrons.com/asia-stocks-to-watch
> Dow Jones Newswires
September 28, 2017 21:17 ET (01:17 GMT)
Pilbara Minerals Ltd
http://www.pilbaraminerals.com.au/site/content/
https://finance.yahoo.com/quote/PILBF/key-statistics/
$PILBF Pilbara Minerals CEO interview #lithium #CNBC...
https://www.cnbc.com/video/2016/07/31/lithium-is-the-new-iron-ore-pilbara-ceo.html
'
Pilbara Minerals
http://www.pilbaraminerals.com.au/site/content/
https://finance.yahoo.com/quote/PILBF/key-statistics/
$PILBF Pilbara Minerals CEO interview #CNBC...
https://www.cnbc.com/video/2016/07/31/lithium-is-the-new-iron-ore-pilbara-ceo.html
'
Pilbara Minerals
http://www.pilbaraminerals.com.au/site/content/
https://finance.yahoo.com/quote/PILBF/key-statistics/
$PILBF .51c Pilbara Minerals.. #EV #lithium supplier..Pilbara Minerals Ltd (ASX: PLS) has announced that it has struck a multi-million dollar deal with Chinese automaker Great Wall Motor Company.
Pilbara Minerals said it’s the first time an electric manufacturer has struck a direct investment deal with a lithium supplier.
Under the offtake agreement, Great Wall will provide Pilbara Minerals with $28 million in an upfront equity subscription for shares in the Australian miner and take up to 150,000 tonnes per year of spodumene concentrate, a source of lithium...
Read more
https://www.fool.com.au/2017/09/29/why-pilbara-minerals-ltd-shares-are-going-nuts-today-as-lithium-prices-rise-again/
http://www.engineeringnews.co.za/article/chinas-great-wall-backs-pilbaras-wa-lithium-mine-2017-09-29
----------------------------------------------------------
3 Must Read Stories: China Orders North Korea Companies Shutdown, Yuan's Fall, China Car Maker's Lithium Play -- Barron's
9:17 PM ET 9/28/17 | Dow Jones
By Adam Routh
The Chinese government has ordered all North Korean companies or joint ventures operating in China to shut down within four months as a result of the United Nation sanctions imposed in response to Pyongyang's ballistic missile tests.
The move comes amid intense international pressure on China to rein-in Kim Jong-un's belligerent regime and ahead of U.S. Secretary of State Rex Tillerson's visit to China at the weekend, when the problem of North Korea will be discussed . Here's Bloomberg with the details:
Companies are required to cease business within 120 days of Sept. 12 -- the day after the UN passed new sanctions aimed at punishing North Korea for its latest missile and nuclear tests. Non-profit and non-commercial public utility and infrastructure projects are not subject to the order, the ministry said.
The Chinese yuan fell 0.5% against the dollar on Thursday, bringing bringing its declines over the last three weeks to 3.1% - halving the gains the Chinese currency had made versus the dollar this year. The Wall Street Journal takes a look at what lies behind the yuan's decline since it hit a 17-month high against the dollar on Sept. 8:
Soon after the yuan hit that high, China's central bank ended measures it had earlier put in place to support the yuan, including a two-year-old rule that made it more expensive for traders to bet against the currency. That move was taken by analysts and investors as a sign that Chinese authorities were growing uncomfortable with the currency's ascent against the dollar. A stronger yuan makes China's exports less competitive globally.
"It was quite an obvious turnaround in PBOC policy," said Ken Cheung, senior Asian foreign-exchange strategist at Mizuho Bank in Hong Kong.
Around the same time, the U.S. dollar started rebounding in global currency markets. The ICE Dollar Index, which measures the U.S. currency against six others, has risen 2.2% since Sept. 8.
The dollar's recovery gained steam after Federal Reserve officials indicated they still expect to raise interest rates one more time this year and three times in 2018, despite recent weak inflation readings. The Republican party's plan for overhauling the U.S. tax code, released Wednesday, has added to dollar's advance.
China has set a very ambitious electric vehicle production target as Beijing seeks to curb air pollution and nurture a domestic green-car industry. Domestic car makers will be forced to start manufacturing electric vehicles in 2019. With lithium batteries being key, China's Great Wall Motors has signed a deal with Australia's Pilbara Minerals for the supply of 150,000 tonnes a year of spodumene concentrate from Pilbara's Pilgangoora lithium mine for use in the car maker's electric
and hybrid vehicles. Speaking to The Australian, Pilbara managing director Ken Brinsden said he expected the deal to be the first of many between car makers and raw material suppliers:
"If you take a look across the lithium world, the two things are becoming clearer to the industry as a whole. Firstly, on the supply side, the raw materials are not coming online as quickly as many had assumed. Secondly, the demand growth is much bigger than people had previously shared," he told The Australian:
"Now it's becoming clearer just how big this story could be, people are realising they have to invest in what is happening in the raw material supply chain."
Under the deal, Great Wall will take a $28 million placement in Pilbara -- which will give it a stake of around 3 per cent in the company -- and will also provide up to $US50m in debt funding for a planned expansion of Pilgangoora.
More at Barron's Asia Stocks to Watch blog, http://www.barrons.com/asia-stocks-to-watch
> Dow Jones Newswires
September 28, 2017 21:17 ET (01:17 GMT)
Pilbara Minerals Ltd
http://www.pilbaraminerals.com.au/site/content/
https://finance.yahoo.com/quote/PILBF/key-statistics/
$PILBF .51c Pilbara Minerals.. #EV #lithium supplier..Pilbara Minerals Ltd (ASX: PLS) has announced that it has struck a multi-million dollar deal with Chinese automaker Great Wall Motor Company.
Pilbara Minerals said it’s the first time an electric manufacturer has struck a direct investment deal with a lithium supplier.
Under the offtake agreement, Great Wall will provide Pilbara Minerals with $28 million in an upfront equity subscription for shares in the Australian miner and take up to 150,000 tonnes per year of spodumene concentrate, a source of lithium...
Read more
https://www.fool.com.au/2017/09/29/why-pilbara-minerals-ltd-shares-are-going-nuts-today-as-lithium-prices-rise-again/
http://www.engineeringnews.co.za/article/chinas-great-wall-backs-pilbaras-wa-lithium-mine-2017-09-29
----------------------------------------------------------
3 Must Read Stories: China Orders North Korea Companies Shutdown, Yuan's Fall, China Car Maker's Lithium Play -- Barron's
9:17 PM ET 9/28/17 | Dow Jones
By Adam Routh
The Chinese government has ordered all North Korean companies or joint ventures operating in China to shut down within four months as a result of the United Nation sanctions imposed in response to Pyongyang's ballistic missile tests.
The move comes amid intense international pressure on China to rein-in Kim Jong-un's belligerent regime and ahead of U.S. Secretary of State Rex Tillerson's visit to China at the weekend, when the problem of North Korea will be discussed . Here's Bloomberg with the details:
Companies are required to cease business within 120 days of Sept. 12 -- the day after the UN passed new sanctions aimed at punishing North Korea for its latest missile and nuclear tests. Non-profit and non-commercial public utility and infrastructure projects are not subject to the order, the ministry said.
The Chinese yuan fell 0.5% against the dollar on Thursday, bringing bringing its declines over the last three weeks to 3.1% - halving the gains the Chinese currency had made versus the dollar this year. The Wall Street Journal takes a look at what lies behind the yuan's decline since it hit a 17-month high against the dollar on Sept. 8:
Soon after the yuan hit that high, China's central bank ended measures it had earlier put in place to support the yuan, including a two-year-old rule that made it more expensive for traders to bet against the currency. That move was taken by analysts and investors as a sign that Chinese authorities were growing uncomfortable with the currency's ascent against the dollar. A stronger yuan makes China's exports less competitive globally.
"It was quite an obvious turnaround in PBOC policy," said Ken Cheung, senior Asian foreign-exchange strategist at Mizuho Bank in Hong Kong.
Around the same time, the U.S. dollar started rebounding in global currency markets. The ICE Dollar Index, which measures the U.S. currency against six others, has risen 2.2% since Sept. 8.
The dollar's recovery gained steam after Federal Reserve officials indicated they still expect to raise interest rates one more time this year and three times in 2018, despite recent weak inflation readings. The Republican party's plan for overhauling the U.S. tax code, released Wednesday, has added to dollar's advance.
China has set a very ambitious electric vehicle production target as Beijing seeks to curb air pollution and nurture a domestic green-car industry. Domestic car makers will be forced to start manufacturing electric vehicles in 2019. With lithium batteries being key, China's Great Wall Motors has signed a deal with Australia's Pilbara Minerals for the supply of 150,000 tonnes a year of spodumene concentrate from Pilbara's Pilgangoora lithium mine for use in the car maker's electric
and hybrid vehicles. Speaking to The Australian, Pilbara managing director Ken Brinsden said he expected the deal to be the first of many between car makers and raw material suppliers:
"If you take a look across the lithium world, the two things are becoming clearer to the industry as a whole. Firstly, on the supply side, the raw materials are not coming online as quickly as many had assumed. Secondly, the demand growth is much bigger than people had previously shared," he told The Australian:
"Now it's becoming clearer just how big this story could be, people are realising they have to invest in what is happening in the raw material supply chain."
Under the deal, Great Wall will take a $28 million placement in Pilbara -- which will give it a stake of around 3 per cent in the company -- and will also provide up to $US50m in debt funding for a planned expansion of Pilgangoora.
More at Barron's Asia Stocks to Watch blog, http://www.barrons.com/asia-stocks-to-watch
> Dow Jones Newswires
September 28, 2017 21:17 ET (01:17 GMT)
Pilbara Minerals Ltd
http://www.pilbaraminerals.com.au/site/content/
https://finance.yahoo.com/quote/PILBF/key-statistics/
$PILBF .51c Pilbara Minerals.. #EV #lithium supplier..Pilbara Minerals Ltd (ASX: PLS) has announced that it has struck a multi-million dollar deal with Chinese automaker Great Wall Motor Company.
Pilbara Minerals said it’s the first time an electric manufacturer has struck a direct investment deal with a lithium supplier.
Under the offtake agreement, Great Wall will provide Pilbara Minerals with $28 million in an upfront equity subscription for shares in the Australian miner and take up to 150,000 tonnes per year of spodumene concentrate, a source of lithium...
Read more
https://www.fool.com.au/2017/09/29/why-pilbara-minerals-ltd-shares-are-going-nuts-today-as-lithium-prices-rise-again/
http://www.engineeringnews.co.za/article/chinas-great-wall-backs-pilbaras-wa-lithium-mine-2017-09-29
----------------------------------------------------------
3 Must Read Stories: China Orders North Korea Companies Shutdown, Yuan's Fall, China Car Maker's Lithium Play -- Barron's
9:17 PM ET 9/28/17 | Dow Jones
By Adam Routh
The Chinese government has ordered all North Korean companies or joint ventures operating in China to shut down within four months as a result of the United Nation sanctions imposed in response to Pyongyang's ballistic missile tests.
The move comes amid intense international pressure on China to rein-in Kim Jong-un's belligerent regime and ahead of U.S. Secretary of State Rex Tillerson's visit to China at the weekend, when the problem of North Korea will be discussed . Here's Bloomberg with the details:
Companies are required to cease business within 120 days of Sept. 12 -- the day after the UN passed new sanctions aimed at punishing North Korea for its latest missile and nuclear tests. Non-profit and non-commercial public utility and infrastructure projects are not subject to the order, the ministry said.
The Chinese yuan fell 0.5% against the dollar on Thursday, bringing bringing its declines over the last three weeks to 3.1% - halving the gains the Chinese currency had made versus the dollar this year. The Wall Street Journal takes a look at what lies behind the yuan's decline since it hit a 17-month high against the dollar on Sept. 8:
Soon after the yuan hit that high, China's central bank ended measures it had earlier put in place to support the yuan, including a two-year-old rule that made it more expensive for traders to bet against the currency. That move was taken by analysts and investors as a sign that Chinese authorities were growing uncomfortable with the currency's ascent against the dollar. A stronger yuan makes China's exports less competitive globally.
"It was quite an obvious turnaround in PBOC policy," said Ken Cheung, senior Asian foreign-exchange strategist at Mizuho Bank in Hong Kong.
Around the same time, the U.S. dollar started rebounding in global currency markets. The ICE Dollar Index, which measures the U.S. currency against six others, has risen 2.2% since Sept. 8.
The dollar's recovery gained steam after Federal Reserve officials indicated they still expect to raise interest rates one more time this year and three times in 2018, despite recent weak inflation readings. The Republican party's plan for overhauling the U.S. tax code, released Wednesday, has added to dollar's advance.
China has set a very ambitious electric vehicle production target as Beijing seeks to curb air pollution and nurture a domestic green-car industry. Domestic car makers will be forced to start manufacturing electric vehicles in 2019. With lithium batteries being key, China's Great Wall Motors has signed a deal with Australia's Pilbara Minerals for the supply of 150,000 tonnes a year of spodumene concentrate from Pilbara's Pilgangoora lithium mine for use in the car maker's electric
and hybrid vehicles. Speaking to The Australian, Pilbara managing director Ken Brinsden said he expected the deal to be the first of many between car makers and raw material suppliers:
"If you take a look across the lithium world, the two things are becoming clearer to the industry as a whole. Firstly, on the supply side, the raw materials are not coming online as quickly as many had assumed. Secondly, the demand growth is much bigger than people had previously shared," he told The Australian:
"Now it's becoming clearer just how big this story could be, people are realising they have to invest in what is happening in the raw material supply chain."
Under the deal, Great Wall will take a $28 million placement in Pilbara -- which will give it a stake of around 3 per cent in the company -- and will also provide up to $US50m in debt funding for a planned expansion of Pilgangoora.
More at Barron's Asia Stocks to Watch blog, http://www.barrons.com/asia-stocks-to-watch
> Dow Jones Newswires
September 28, 2017 21:17 ET (01:17 GMT)
Pilbara Minerals Ltd
http://www.pilbaraminerals.com.au/site/content/
https://finance.yahoo.com/quote/PILBF/key-statistics/
$PILBF .51c Pilbara Minerals.. #EV #lithium supplier..Pilbara Minerals Ltd (ASX: PLS) has announced that it has struck a multi-million dollar deal with Chinese automaker Great Wall Motor Company.
Pilbara Minerals said it’s the first time an electric manufacturer has struck a direct investment deal with a lithium supplier.
Under the offtake agreement, Great Wall will provide Pilbara Minerals with $28 million in an upfront equity subscription for shares in the Australian miner and take up to 150,000 tonnes per year of spodumene concentrate, a source of lithium...
Read more
https://www.fool.com.au/2017/09/29/why-pilbara-minerals-ltd-shares-are-going-nuts-today-as-lithium-prices-rise-again/
http://www.engineeringnews.co.za/article/chinas-great-wall-backs-pilbaras-wa-lithium-mine-2017-09-29
----------------------------------------------------------
3 Must Read Stories: China Orders North Korea Companies Shutdown, Yuan's Fall, China Car Maker's Lithium Play -- Barron's
9:17 PM ET 9/28/17 | Dow Jones
By Adam Routh
The Chinese government has ordered all North Korean companies or joint ventures operating in China to shut down within four months as a result of the United Nation sanctions imposed in response to Pyongyang's ballistic missile tests.
The move comes amid intense international pressure on China to rein-in Kim Jong-un's belligerent regime and ahead of U.S. Secretary of State Rex Tillerson's visit to China at the weekend, when the problem of North Korea will be discussed . Here's Bloomberg with the details:
Companies are required to cease business within 120 days of Sept. 12 -- the day after the UN passed new sanctions aimed at punishing North Korea for its latest missile and nuclear tests. Non-profit and non-commercial public utility and infrastructure projects are not subject to the order, the ministry said.
The Chinese yuan fell 0.5% against the dollar on Thursday, bringing bringing its declines over the last three weeks to 3.1% - halving the gains the Chinese currency had made versus the dollar this year. The Wall Street Journal takes a look at what lies behind the yuan's decline since it hit a 17-month high against the dollar on Sept. 8:
Soon after the yuan hit that high, China's central bank ended measures it had earlier put in place to support the yuan, including a two-year-old rule that made it more expensive for traders to bet against the currency. That move was taken by analysts and investors as a sign that Chinese authorities were growing uncomfortable with the currency's ascent against the dollar. A stronger yuan makes China's exports less competitive globally.
"It was quite an obvious turnaround in PBOC policy," said Ken Cheung, senior Asian foreign-exchange strategist at Mizuho Bank in Hong Kong.
Around the same time, the U.S. dollar started rebounding in global currency markets. The ICE Dollar Index, which measures the U.S. currency against six others, has risen 2.2% since Sept. 8.
The dollar's recovery gained steam after Federal Reserve officials indicated they still expect to raise interest rates one more time this year and three times in 2018, despite recent weak inflation readings. The Republican party's plan for overhauling the U.S. tax code, released Wednesday, has added to dollar's advance.
China has set a very ambitious electric vehicle production target as Beijing seeks to curb air pollution and nurture a domestic green-car industry. Domestic car makers will be forced to start manufacturing electric vehicles in 2019. With lithium batteries being key, China's Great Wall Motors has signed a deal with Australia's Pilbara Minerals for the supply of 150,000 tonnes a year of spodumene concentrate from Pilbara's Pilgangoora lithium mine for use in the car maker's electric
and hybrid vehicles. Speaking to The Australian, Pilbara managing director Ken Brinsden said he expected the deal to be the first of many between car makers and raw material suppliers:
"If you take a look across the lithium world, the two things are becoming clearer to the industry as a whole. Firstly, on the supply side, the raw materials are not coming online as quickly as many had assumed. Secondly, the demand growth is much bigger than people had previously shared," he told The Australian:
"Now it's becoming clearer just how big this story could be, people are realising they have to invest in what is happening in the raw material supply chain."
Under the deal, Great Wall will take a $28 million placement in Pilbara -- which will give it a stake of around 3 per cent in the company -- and will also provide up to $US50m in debt funding for a planned expansion of Pilgangoora.
More at Barron's Asia Stocks to Watch blog, http://www.barrons.com/asia-stocks-to-watch
> Dow Jones Newswires
September 28, 2017 21:17 ET (01:17 GMT)
Pilbara Minerals Ltd
http://www.pilbaraminerals.com.au/site/content/
https://finance.yahoo.com/quote/PILBF/key-statistics/
$PILBF .51c Pilbara Minerals.. #EV #lithium supplier..Pilbara Minerals Ltd (ASX: PLS) has announced that it has struck a multi-million dollar deal with Chinese automaker Great Wall Motor Company.
Pilbara Minerals said it’s the first time an electric manufacturer has struck a direct investment deal with a lithium supplier.
Under the offtake agreement, Great Wall will provide Pilbara Minerals with $28 million in an upfront equity subscription for shares in the Australian miner and take up to 150,000 tonnes per year of spodumene concentrate, a source of lithium...
Read more
https://www.fool.com.au/2017/09/29/why-pilbara-minerals-ltd-shares-are-going-nuts-today-as-lithium-prices-rise-again/
http://www.engineeringnews.co.za/article/chinas-great-wall-backs-pilbaras-wa-lithium-mine-2017-09-29
----------------------------------------------------------
3 Must Read Stories: China Orders North Korea Companies Shutdown, Yuan's Fall, China Car Maker's Lithium Play -- Barron's
9:17 PM ET 9/28/17 | Dow Jones
By Adam Routh
The Chinese government has ordered all North Korean companies or joint ventures operating in China to shut down within four months as a result of the United Nation sanctions imposed in response to Pyongyang's ballistic missile tests.
The move comes amid intense international pressure on China to rein-in Kim Jong-un's belligerent regime and ahead of U.S. Secretary of State Rex Tillerson's visit to China at the weekend, when the problem of North Korea will be discussed . Here's Bloomberg with the details:
Companies are required to cease business within 120 days of Sept. 12 -- the day after the UN passed new sanctions aimed at punishing North Korea for its latest missile and nuclear tests. Non-profit and non-commercial public utility and infrastructure projects are not subject to the order, the ministry said.
The Chinese yuan fell 0.5% against the dollar on Thursday, bringing bringing its declines over the last three weeks to 3.1% - halving the gains the Chinese currency had made versus the dollar this year. The Wall Street Journal takes a look at what lies behind the yuan's decline since it hit a 17-month high against the dollar on Sept. 8:
Soon after the yuan hit that high, China's central bank ended measures it had earlier put in place to support the yuan, including a two-year-old rule that made it more expensive for traders to bet against the currency. That move was taken by analysts and investors as a sign that Chinese authorities were growing uncomfortable with the currency's ascent against the dollar. A stronger yuan makes China's exports less competitive globally.
"It was quite an obvious turnaround in PBOC policy," said Ken Cheung, senior Asian foreign-exchange strategist at Mizuho Bank in Hong Kong.
Around the same time, the U.S. dollar started rebounding in global currency markets. The ICE Dollar Index, which measures the U.S. currency against six others, has risen 2.2% since Sept. 8.
The dollar's recovery gained steam after Federal Reserve officials indicated they still expect to raise interest rates one more time this year and three times in 2018, despite recent weak inflation readings. The Republican party's plan for overhauling the U.S. tax code, released Wednesday, has added to dollar's advance.
China has set a very ambitious electric vehicle production target as Beijing seeks to curb air pollution and nurture a domestic green-car industry. Domestic car makers will be forced to start manufacturing electric vehicles in 2019. With lithium batteries being key, China's Great Wall Motors has signed a deal with Australia's Pilbara Minerals for the supply of 150,000 tonnes a year of spodumene concentrate from Pilbara's Pilgangoora lithium mine for use in the car maker's electric
and hybrid vehicles. Speaking to The Australian, Pilbara managing director Ken Brinsden said he expected the deal to be the first of many between car makers and raw material suppliers:
"If you take a look across the lithium world, the two things are becoming clearer to the industry as a whole. Firstly, on the supply side, the raw materials are not coming online as quickly as many had assumed. Secondly, the demand growth is much bigger than people had previously shared," he told The Australian:
"Now it's becoming clearer just how big this story could be, people are realising they have to invest in what is happening in the raw material supply chain."
Under the deal, Great Wall will take a $28 million placement in Pilbara -- which will give it a stake of around 3 per cent in the company -- and will also provide up to $US50m in debt funding for a planned expansion of Pilgangoora.
More at Barron's Asia Stocks to Watch blog, http://www.barrons.com/asia-stocks-to-watch
> Dow Jones Newswires
September 28, 2017 21:17 ET (01:17 GMT)
Pilbara Minerals Ltd
http://www.pilbaraminerals.com.au/site/content/
https://finance.yahoo.com/quote/PILBF/key-statistics/
$PILBF .51c Pilbara Minerals.. #EV #lithium supplier..Pilbara Minerals Ltd (ASX: PLS) has announced that it has struck a multi-million dollar deal with Chinese automaker Great Wall Motor Company.
Pilbara Minerals said it’s the first time an electric manufacturer has struck a direct investment deal with a lithium supplier.
Under the offtake agreement, Great Wall will provide Pilbara Minerals with $28 million in an upfront equity subscription for shares in the Australian miner and take up to 150,000 tonnes per year of spodumene concentrate, a source of lithium...
Read more
https://www.fool.com.au/2017/09/29/why-pilbara-minerals-ltd-shares-are-going-nuts-today-as-lithium-prices-rise-again/
http://www.engineeringnews.co.za/article/chinas-great-wall-backs-pilbaras-wa-lithium-mine-2017-09-29
3 Must Read Stories: China Orders North Korea Companies Shutdown, Yuan's Fall, China Car Maker's Lithium Play -- Barron's
9:17 PM ET 9/28/17 | Dow Jones
By Adam Routh
The Chinese government has ordered all North Korean companies or joint ventures operating in China to shut down within four months as a result of the United Nation sanctions imposed in response to Pyongyang's ballistic missile tests.
The move comes amid intense international pressure on China to rein-in Kim Jong-un's belligerent regime and ahead of U.S. Secretary of State Rex Tillerson's visit to China at the weekend, when the problem of North Korea will be discussed . Here's Bloomberg with the details:
Companies are required to cease business within 120 days of Sept. 12 -- the day after the UN passed new sanctions aimed at punishing North Korea for its latest missile and nuclear tests. Non-profit and non-commercial public utility and infrastructure projects are not subject to the order, the ministry said.
The Chinese yuan fell 0.5% against the dollar on Thursday, bringing bringing its declines over the last three weeks to 3.1% - halving the gains the Chinese currency had made versus the dollar this year. The Wall Street Journal takes a look at what lies behind the yuan's decline since it hit a 17-month high against the dollar on Sept. 8:
Soon after the yuan hit that high, China's central bank ended measures it had earlier put in place to support the yuan, including a two-year-old rule that made it more expensive for traders to bet against the currency. That move was taken by analysts and investors as a sign that Chinese authorities were growing uncomfortable with the currency's ascent against the dollar. A stronger yuan makes China's exports less competitive globally.
"It was quite an obvious turnaround in PBOC policy," said Ken Cheung, senior Asian foreign-exchange strategist at Mizuho Bank in Hong Kong.
Around the same time, the U.S. dollar started rebounding in global currency markets. The ICE Dollar Index, which measures the U.S. currency against six others, has risen 2.2% since Sept. 8.
The dollar's recovery gained steam after Federal Reserve officials indicated they still expect to raise interest rates one more time this year and three times in 2018, despite recent weak inflation readings. The Republican party's plan for overhauling the U.S. tax code, released Wednesday, has added to dollar's advance.
China has set a very ambitious electric vehicle production target as Beijing seeks to curb air pollution and nurture a domestic green-car industry. Domestic car makers will be forced to start manufacturing electric vehicles in 2019. With lithium batteries being key, China's Great Wall Motors has signed a deal with Australia's Pilbara Minerals for the supply of 150,000 tonnes a year of spodumene concentrate from Pilbara's Pilgangoora lithium mine for use in the car maker's electric
and hybrid vehicles. Speaking to The Australian, Pilbara managing director Ken Brinsden said he expected the deal to be the first of many between car makers and raw material suppliers:
"If you take a look across the lithium world, the two things are becoming clearer to the industry as a whole. Firstly, on the supply side, the raw materials are not coming online as quickly as many had assumed. Secondly, the demand growth is much bigger than people had previously shared," he told The Australian:
"Now it's becoming clearer just how big this story could be, people are realising they have to invest in what is happening in the raw material supply chain."
Under the deal, Great Wall will take a $28 million placement in Pilbara -- which will give it a stake of around 3 per cent in the company -- and will also provide up to $US50m in debt funding for a planned expansion of Pilgangoora.
More at Barron's Asia Stocks to Watch blog, http://www.barrons.com/asia-stocks-to-watch
> Dow Jones Newswires
September 28, 2017 21:17 ET (01:17 GMT)
$LUVU BRANDS .035 Bout time to see the 10k Annual Report
here..
https://www.otcmarkets.com/stock/LUVU/filings
Luvu Brands
2017 Preliminary Results
https://www.otcmarkets.com/stock/LUVU/news/Luvu-Brands-Announces-Preliminary-Fiscal-2017-Results?id=167360&b=y
$LUVU BRANDS .035 Bout time to see the 10k Annual Report
here..
https://www.otcmarkets.com/stock/LUVU/filings
Luvu Brands
2017 Preliminary Results
https://www.otcmarkets.com/stock/LUVU/news/Luvu-Brands-Announces-Preliminary-Fiscal-2017-Results?id=167360&b=y