kind of looks like we're going to a rave or something. >> So, you have the sticky mat and this is just to remove anything from the bottom of our feet, >> okay. >> So, we don't bring anything inside.And then you'll have rooms that look like this, which are growth chamber rooms. >> Basically, this is where we give them the right light signals to trigger the growth so they become green and strong and all of that. >> Just put them wherever you want.Yeah. How much nickel can you produce now. >> We're capable of ...

China has approved reserve reports from two lithium producers in Yichun, providing some relief to market concerns over potential output disruptions, reported Bloomberg. This move comes as regulators closely scrutinise the sector’s excess capacity. Contemporary Amperex Technology (CATL), whose Jianxiawo mine was suspended last month, has received reserve approval, the media outlet reported, citing sources familiar with the matter. The clearance moves the sites closer to securing a mining permit and resum ...

Core Insights - NextStar Energy has completed the construction of its $5 billion electric vehicle battery plant in Windsor, Ontario, receiving its Occupancy Permit on September 30, marking the transition to operations [1][2] - The plant has an annual production capacity of 49.5 gigawatt hours, sufficient to power approximately 450,000 electric vehicles, and will supply batteries to Stellantis facilities in North America [2] - The project has created over 950 full-time jobs to date, with a commitment to generate a total of 2,500 jobs [2][3] Investment and Economic Impact - The $5 billion investment positions NextStar Energy at the forefront of electrification, contributing to growth and development in Windsor and Essex County [3] - The construction of the facility, which spans 4.23 million square feet, began in 2022 and involved over 9,000 Canadian trades workers who contributed more than 8.4 million work hours [3][4] - The project faced a temporary halt due to funding disputes between the company and the Canadian government, but has since progressed to completion [4] Facility Details - The site consists of 11 buildings, including two main manufacturing facilities for cell and module production, along with support buildings such as a recycling center and safety testing laboratory [5] - While minor construction activities are ongoing in non-operational areas, the facility is fully approved for safe occupancy and ready for production [5]

Group 1: UBS's Potential Relocation - UBS Group AG is considering relocating its headquarters to the United States due to new capital requirement proposals from the Swiss government, which could require an additional $26 billion in core capital following its acquisition of Credit Suisse [3][9] - Senior UBS executives have engaged with U.S. officials to discuss a strategic shift that may involve acquiring a U.S. bank or pursuing a merger, while emphasizing the need to protect shareholder interests [4][9] Group 2: U.S. Immigration Policy Impact - U.S. President Donald Trump has welcomed foreign experts and investments, provided they comply with U.S. immigration laws, following a controversial ICE raid at a Hyundai-LG electric vehicle battery plant in Georgia that resulted in the detention of over 300 South Korean nationals [5][6][9] - The incident has raised concerns in South Korea, potentially affecting future direct investments in the U.S., especially given South Korea's recent commitment to invest $350 billion in the U.S. [6] Group 3: China's Economic Strategy - China is positioning itself as a leader in the new global economic order, with data being referred to as the "new oil" for the 21st century, and is expected to lead the Fourth Industrial Revolution by 2030 [7] - Concurrently, China is stockpiling crude oil, having increased its reserves by 106 million barrels between February and August, which is significant in light of forecasts indicating a global oil supply surplus [8][9]

Group 1 - Hundreds of workers detained by U.S. immigration authorities while constructing an electric vehicle battery plant for Hyundai and LG Energy Solution in Georgia are expected to return to South Korea on a chartered flight [2][4] - A Korean Air Boeing 747-8I arrived in Atlanta to collect approximately 300 LG employees for their return [2][4] - South Korean President Lee Jae Myung expressed concern over the detention of Korean engineers and energy specialists during a cabinet meeting, highlighting the government's efforts to facilitate their return [5] Group 2 - U.S. officials have not confirmed the release timeline for the detained workers, indicating uncertainty regarding their return [3] - South Korean Foreign Minister Cho Hyun is actively involved in discussions with U.S. officials to assist in the repatriation of the detained workers [3]

Acquisition Overview - Alphabet is planning to acquire cloud security company Wiz for $32 billion, marking the largest acquisition in its history [3][4] - The initial offer was $22 billion last summer, indicating a significant increase in valuation due to Wiz's strong market position and potential IPO considerations [3][4] Financial Implications - The acquisition will be an all-cash deal, utilizing part of Alphabet's substantial cash reserves, which are approximately $100 billion [5][10] - Wiz generated $350 million in recurring revenue in 2023 and is projected to reach $1 billion in 2025, resulting in a valuation of 32 times its sales [10] Strategic Rationale - The acquisition aligns with Alphabet's strategy to enhance its cloud business, an area where it has lagged behind competitors like Amazon and Microsoft [8][9] - Wiz's technology will support Alphabet's multi-cloud strategy, providing enhanced security for cloud data and mitigating risks associated with AI and large language models [5][6] Market Position - Alphabet's cloud revenue has grown from $9 billion in 2019 to $43 billion in 2024, indicating a strong upward trajectory despite previous lagging performance [9] - The acquisition is expected to bolster Alphabet's competitive position in the cloud computing market, which is increasingly important for its overall business strategy [8][9] Industry Context - The cybersecurity sector is experiencing rapid growth, with companies like Wiz at the forefront of providing essential services for cloud security [11] - The increasing importance of cybersecurity solutions is reflected in the market's willingness to pay premium valuations for companies that can offer innovative protection against evolving threats [11]