Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
LG Energy Solution Ltd. has signed a non-binding agreement with a US mining company, Compass Minerals, for the supply of lithium carbonate and lithium hydroxide, which are used in electric vehicle lithium-ion batteries.
For seven years starting in 2025, LGES will get 40 percent of the lithium carbonate and lithium hydroxide Compass Minerals, a Kansas-based supplier of critical minerals, will be manufacturing.
The two most popular forms of lithium utilized to create cathode materials for lithium-ion batteries are lithium carbonate and lithium hydroxide. The EV battery's cathodes determine its output.
The MOU also gives Compass Minerals the option to supply 40 percent of its lithium brine production once its Utah development project is fully operational.
According to Kim Dong-soo, senior vice president of the LG Energy Solution procurement center, procuring crucial raw materials has become vital for them to preserve their leadership position in the industry.
Compass Minerals said it will continue “good-faith negotiations” with LGES toward a binding supply agreement.
