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GREEN RIVER, Utah (AP) — A plan to extract lithium — the lustrous, white metal used in electric vehicle batteries — in southeast Utah is adding to an anxiety familiar in the arid American West: how the project could affect water from the Colorado River. The company has also acquired rights to freshwater from the Green River nearby, leading to questions about how groundwater and river water are connected, and how its plans to produce lithium could affect the environment. The Green River is a tributary of the Colorado River, the over-tapped powerhouse of the West upon which 40 million people rely. So far, Anson has acquired rights for 2,500 acre-feet of water from the Green River. “There’s a difficulty turning anything down in a community like Green River,” he said.
Persons: , Lauren Wood, Anson, , ” Anson, Bruce Richardson, Michael McKibben, Ren Hatt, Gayna, Salinas Organizations: Anson Resources, University of California, Interior Department, Land Management, . Department, ExxonMobil, Associated Press, Walton Family Foundation, AP Locations: GREEN, , Utah, Utah, Colorado, An Australian, Utah , Colorado , New Mexico, Arizona, Green, Green River , Utah, Anson, U.S, Riverside, Argentina, Qinghai, China, Arkansas, Nevada, Amargosa, Las Vegas, , Nevada, Australia, Chile, Gayna Salinas, , America
The quake struck Wushi county, also known as Uqturpan county, in Aksu prefecture near the Kyrgyzstan border shortly after 2 a.m. local time, state-run news agency Xinhua reported. Strong tremors caused two houses to collapse and downed two major power lines near the epicenter, though electricity was quickly restored, according to Xinhua. The Xinjiang railway authority immediately sealed off routes in areas affected by the quake and suspended 27 trains, Xinhua reported. Nearly 200 rescue workers have been dispatched to the quake zone, and hundreds more are being assembled, Xinhua reported. The tremors were also felt across the border in Kyrgyzstan, according to the United States Geological Survey.
Persons: Organizations: Hong Kong CNN, Xinhua, CCTV, China Earthquake Networks, United States Geological Survey, Reuters, Residents, United Nations Locations: Hong Kong, China’s, Xinjiang, Central, Aksu prefecture, Kyrgyzstan, Xinhua, Wushi, Kashgar, Hotan, Kazakhstan, Almaty, Uzbekistan, China, Beijing, Gansu, Qinghai
Qilai Shen | Bloomberg | Getty ImagesBEIJING — China's property market, which makes up a substantial chunk of the country's economy, needs more government support to prevent it from deteriorating further, analysts said. UBS analysts estimated that real estate and related sectors now account for about 22% of China's gross domestic product, down from around 25% levels seen in recent years. However, real estate behemoth Country Garden still ended up defaulting on a U.S. dollar bond last month, according to Bloomberg News. "China's property sector has yet to bottom out," the report said. "Markets appear to have been a bit too optimistic about the property stimulus policies over the past two months."
Persons: Qilai Shen, Larry Hu, Nomura Organizations: Bloomberg, Getty, BEIJING, Macquarie, UBS, U.S, Bloomberg News, Developers Locations: Nanchuan, Xining, Qinghai province, China, Beijing
Evergrande's market valuation has been hovering around 5 billion Hong Kong dollars ($639.8 million), a fraction of its value prior to the developer's default in late 2021. The stock rose 20.31% after briefly touching 46 Hong Kong cents shortly after the open. Other Hong Kong listed property stocks were firmly in the red. Country Garden Holdings plunged 7.67%, while Longfor Group Holdings lost 4.82%. China's property market has faced faltering consumer confidence, with Evergrande and Country Garden steeped in debt problems.
Persons: Hui Ka Yan, Evergrande Organizations: Hong Kong, Company, Hong, Garden Holdings, Longfor, Holdings, Henderson Land Development Locations: Nanchuan, Xining, Qinghai province, China, Hong Kong
Sagarmatha National Park in Nepal safeguards the southern slopes of Mt Everest, the world’s highest peak at 8,849 meters (29,032 feet). Venezuela’s Canaima National Park is home to Angel Falls, the world’s tallest waterfall at 979 meters (3,212 feet). Larger than Delaware and roughly the same size as Wales, Yellowstone was considered huge when it became the world’s first national park in 1872. North AmericaSprawling across nearly half of the world’s largest island, Northeast Greenland National Park is currently the globe’s single largest national park and biggest land-based protected area. Imaginechina Limited/Alamy Stock PhotoDespite being the largest continent, Asia has fallen behind in the race for the world’s largest national parks.
Persons: Venezuela’s, there’s, , Mette Pike Barselajsen, Mercedes, China’s, Martin Harvey, Naukluft, it’s, Claire Christian Organizations: CNN, National, United Nations, Nanu, South America, Colombia Oculta, Simpson, Mercedes Benz G, Imaginechina, Bank, Getty, Conservation, Antarctic & Southern Ocean Coalition, Antarctic Locations: Nepal, Mt, Angel Falls, Angkor, Cambodia, Delaware, Wales, Yellowstone, North America, Greenland, Ittoqqortoormiit, , East Greenland, South, Patagonia, Colombia, Australia, South Australia, Asia, Qinghai Province, Europe, Africa, Africa’s, Zambia, Zimbabwe, Mozambique, Angola, Namibia, Antarctica
In the waterlogged provincial capital Harbin, two vehicles plunged into a sinkhole that appeared on an expressway near a swollen river, local media reported. Paddy fields have also been inundated, and villagers in low-lying areas told to evacuate, local media reported. The storms and floods also triggered power cuts in nearby Shangzhi city, where supermarkets were running low on provisions, according to media reports. "I only managed to get a few bottles of mineral water and two boxes of instant noodles," a Shangzhi resident told local media after rushing to the supermarket after the storm alerts. "Some production and power equipments were damaged, and production had been suspended," the company said in an exchange filing on Friday.
Persons: Typhoon Doksuri, Tingshu Wang, Doksuri, Jinrui, Liz Lee, Ella Cao, Samuel Shen, Ryan Woo, Gerry Doyle, Miral Organizations: REUTERS, Aerospace, Holdings Group, Mineral Development, Thomson Locations: Mentougou district, Beijing, China, Tingshu Wang BEIJING, Northeastern Heilongjiang, Heilongjiang, Daqing, Harbin, Shangzhi, Jilin, Shulan, Zhuozhou, Hebei province, Hebei, Qinghai, Chongqing, Shanghai
FILE PHOTO: A vehicle is seen near a lithium smelter in Yichun, Jiangxi province, China March 30, 2023. It has supported mine development by taking stakes in mining companies to help battery materials makers that do not have mines overseas like those owned by China’s top lithium producers Ganfeng Lithium and Tianqi Lithium. Separating lithium from lepidolite can cost as much as 100,000 yuan per metric ton, compared to 40,000-50,000 yuan for brine and 50,000-60,000 yuan for spodumene, analysts said. ‘NATURAL RESOURCES CHAOS’Further dimming the outlook for lepidolite, environmental damage is a growing concern. UBS analysts see China’s supply of lithium from lepidolite tripling to 280,000 metric tons, or 13% of global supply, between 2022 and 2025, well short of Yichun’s target.
Persons: , Yang Yaohua, Yang, Wu Wei, Eric Norris, ” Norris, Yongxing, Yichun, Ma Jun, ” Ma, Vicky Zhao, Li Qi Organizations: REUTERS, Staff, Australia, Guosen, Macquarie, Gotion High Tech, CRU, Xiamen University, Energy, lepidolite, Reuters, Materials Technology, Institute of Public & Environmental Affairs, UBS, Benchmark Mineral Intelligence Locations: YICHUN, China, Yichun, Jiangxi province, lepidolite, Beijing, Sichuan, Qinghai, Tibet, Shanghai, Jin, U.S, Jiangxi
It has supported mine development by taking stakes in mining companies to help battery materials makers that do not have mines overseas like those owned by China's top lithium producers Ganfeng Lithium (002460.SZ), (002460.SZ) and Tianqi Lithium (002466.SZ). Separating lithium from lepidolite can cost as much as 100,000 yuan per metric ton, compared to 40,000-50,000 yuan for brine and 50,000-60,000 yuan for spodumene, analysts said. 'NATURAL RESOURCES CHAOS'Further dimming the outlook for lepidolite, environmental damage is a growing concern. As it gets stricter now, lithium resources in Yichun will lose their competitiveness with the higher costs for environmental protection," Ma said. UBS analysts see China's supply of lithium from lepidolite tripling to 280,000 metric tons, or 13% of global supply, between 2022 and 2025, well short of Yichun's target.
Persons: YICHUN, Yang Yaohua, Yang, Wu Wei, Eric Norris, Norris, Yongxing, Yichun, Ma Jun, Ma, Vicky Zhao, Li Qi, Siyi Liu, Dominique Patton, Ernest Scheyder, Tony Munroe, Sonali Paul Organizations: Australia, Guosen, Macquarie, Gotion High Tech, CRU, Xiamen University, Energy, Corp, Reuters, Materials Technology, Institute of Public & Environmental Affairs, UBS, Benchmark Mineral Intelligence, Beijing Newsroom, Thomson Locations: China, Yichun, lepidolite, Beijing, Sichuan, Qinghai, Tibet, Shanghai, Jin, U.S, Jiangxi, Houston
China may have to bail out one of its poorest provinces
  + stars: | 2023-04-27 | by ( Laura He | ) edition.cnn.com   time to read: +9 min
Hong Kong CNN —One of China’s poorest and most indebted provinces has admitted defeat in trying to sort out its finances and is appealing to Beijing for help to avert default. Guizhou, located in a mountainous region of southwest China, has hired a top state-owned distressed debt fund, China Cinda Asset Management, to resolve its “urgent” problems. China’s local governments are struggling with trillions of dollars of debt, after three years of strict pandemic controls and a real estate crash drained their coffers. The Pingtang Bridge links two cities in southwest China's Guizhou province. In China, most local government liabilities are composed of “hidden debt” issued by their financing arms.
WHAT ARE THE MEDICAL INSURANCE REFORMS? Beginning Feb. 1, personal medical insurance benefits for Wuhan retirees were slashed from about 5% of the average basic pension to 2.5%, or 83 yuan ($12) per month, according to the Wuhan Healthcare Security Administration. In an essay published Thursday that did not refer to the protests, Finance Minister Liu Kun vowed to "deepen the reform of medical insurance payment methods". Following initial protests in Wuhan last week, the hashtag "Major adjustment in Wuhan medical reform" was viewed over 100 million times before being blocked. Since January, similar insurance reforms have been rolled out in provinces and regions including Jiangxi, Gansu,Shanxi, Qinghai, Sichuan and Guangxi.
As a result, the Chinese economic growth rate will be below the Chinese government's target of 5% plus." This could weigh on their potential economic growth in the mid-and long-term, and we really need to be paying attention to that." MARCO SUN, CHIEF FINANCIAL MARKET ANALYST, MUFG BANK (CHINA), SHANGHAI"China's Q4 and full-year 2022 GDP growth rates came in higher than expected. Economic growth will have to depend more on productivity growth, which is driven by government policies." IRIS PANG, GREATER CHINA ECONOMIST, ING, HONG KONG"The biggest surprise is the retail sales number, which is really a big beat...
But it's not out of spite, said several Chinese travelers who spoke to CNBC. 'I think it's unfair'Reactions from Chinese travelers who spoke to CNBC were varied, ranging from indifference to confusion to anger. Last week, the European Union recommended that its members require Chinese travelers to take Covid tests before entering. Rein said Chinese travelers are now headed to Singapore and Thailand because "both countries are welcoming us." Of the top destinations Chinese nationals searched after the border reopening announcement, those are the only two that haven't imposed new restrictions on incoming Chinese travelers.
BEIJING, Jan 2 (Reuters) - China Energy Investment Corporation said on Monday China's National Development and Reform Commission in Qinghai province has approved a hydro power plant worth 17 billion yuan ($2.46 billion) on Dec. 30 in the province. The plant is a so-called pumped storage hydropower facility that is used to pump water from a lower reservoir to an upper reservoir during periods of high electrical demand. The plant will start full production in 2028. ($1 = 6.8972 Chinese yuan)Reporting by Beijing Newsroom; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.
China reports third consecutive daily record for new Covid cases
  + stars: | 2022-11-26 | by ( ) www.cnbc.com   time to read: +1 min
That compared with 32,943 new cases a day earlier – 3,103 symptomatic and 29,840 asymptomatic infections, which China counts separately. Excluding imported cases, China reported 34,909 new local cases on Friday, of which 3,405 were symptomatic and 31,504 were asymptomatic, up from 32,695 a day earlier. Chongqing, a southwestern city of 32 million people, reported 7,721 new local cases for Friday, a jump of almost 20% from the previous day. Guangzhou, a prosperous city of nearly 19 million people in southern China, reported 7,419 new local cases for Friday, down slightly from 7,524 cases a day earlier. New local cases for Friday in the capital Beijing jumped 58% to 2,595, according to figures released by local health authorities on Saturday.
That compared with 32,943 new cases a day earlier – 3,103 symptomatic and 29,840 asymptomatic infections, which China counts separately. Excluding imported cases, China reported 34,909 new local cases on Friday, of which 3,405 were symptomatic and 31,504 were asymptomatic, up from 32,695 a day earlier. Chongqing, a southwestern city of 32 million people, reported 7,721 new local cases for Friday, a jump of almost 20% from the previous day. Guangzhou, a prosperous city of nearly 19 million people in southern China, reported 7,419 new local cases for Friday, down slightly from 7,524 cases a day earlier. New local cases for Friday in the capital Beijing jumped 58% to 2,595, according to figures released by local health authorities on Saturday.
Almost three years into the pandemic, China has stuck to a strict COVID-19 containment policy that has caused mounting economic damage and widespread frustration. Curbs and lockdowns became more frequent with the spread of the highly transmissible Omicron strain. China has yet to describe when or how it will begin to exit from its current approach. Earlier this week, Chinese shares jumped after rumours that China was planning a reopening from strict COVID curbs in March. Domestic tensions have steadily built this year as the endless curbs, restrictions and lockdowns fuelled unhappiness.
Xi Jinping consolidated his power in China with a reshuffle of the politburo standing committee. He also used the event to unveil the new members of the politburo standing committee. He is a new entry to the standing committee, and at 60, is its youngest member. He is another new member of the politburo standing committee and will help lead the central commission for discipline inspection. He previously worked as the party leader in Yan'an, which once served as the headquarters of the party before it took control of the whole country.
Covid cases, controls spread in China
  + stars: | 2022-10-28 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +2 min
Covid cases and controls have increased in China this month. Future Publishing | Future Publishing | Getty ImagesBEIJING — Covid controls in China have tightened in the last two weeks after more cities reported virus outbreaks. watch nowFor Thursday, mainland China reported 214 Covid cases with symptoms and 1,123 without. watch nowHowever, many of the recent case clusters and ensuing Covid controls have occurred in less economically prominent parts of the country, such as areas within Qinghai and Xinjiang in the northwest. The Nomura analysts said they expect China's stringent Covid controls will remain at least until March, "when the political reshuffle will be fully completed and the new leaders fully take over the cabinet."
Chinese cities tighten curbs against widening COVID outbreaks
  + stars: | 2022-10-27 | by ( ) www.reuters.com   time to read: +2 min
BEIJING, Oct 27 (Reuters) - Chinese cities from Wuhan in central China to Xining in the northwest are doubling down on COVID-19 curbs, sealing up buildings, locking down districts and throwing millions into distress in a scramble to halt widening outbreaks. Wuhan, site of the world's first COVID-19 outbreak in late 2019, reported around 20 to 25 new infections a day this week. Nevertheless, local authorities ordered more than 800,000 people in one district to stay at home until Oct. 30. Other large cities across China including Zhengzhou, Datong and Xian have implemented new curbs this week to rein in local outbreaks. China has repeatedly vowed to stick to its zero-tolerance response to COVID-19 and implement what the authorities say are necessary measures to contain the virus.
Magnitude 5.5 earthquake hits Qinghai, China- USGS
  + stars: | 2022-10-19 | by ( ) www.reuters.com   time to read: 1 min
Oct 19 (Reuters) - An earthquake of magnitude 5.5 struck northern Qinghai region of China on Wednesday, the United States Geological Survey (USGS)said. The quake was at a depth of 8.6 km (5.34 miles), it said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Kanjyik Ghosh in Bengaluru; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.
Valoarea bitcoin a scăzut, luni, cu aproape 10%, nefiind semne că volatilitatea din piața criptomonedelor se va diminua. Jucătorii din piață spun că de vină sunt îngrijorările privind extinderea acțiunilor Chinei de a interzice minarea. Bitcoin a atins nivelul de 32.094 de dolari, cel mai scăzut din ultimele 12 zile, trăgând în jos și monedele mai mici. Banca centrală a Chinei a transmis, luni, că le-a cerut, recent, unor bănci și instituții de plăți să acționeze mai mult pentru a interzice tranzacționarea cu criptomonede. Rivalul mai mic al bitcoin, ether, care tinde să se miște în tandem cu bitcoin, a scăzut cu până la 12%, sub valoarea de 2.000 de dolari pentru prima dată în aproape o lună.
Persons: Bitcoin, Reuters, Ben Organizations: Universitatea din, criptomonede BCB Group, Banca, Financial Times, Provincia Locations: Chinei, China, Sichuan, Universitatea din Cambridge, Xinjiang, Yunnan, Beijing
Bitcoin a atins nivelul de 32.094 de dolari, cel mai scăzut din ultimele 12 zile, trăgând în jos și monedele mai mici. Scăderea vine în contextul aplicării unor restricții mai mari asupra criptomonedelor în China, unde, vineri, autoritățile din provincia de sud-vest Sichuan au ordonat închiderea proiectelor de minare bitcoin. Banca centrală a Chinei a transmis, luni, că le-a cerut, recent, unor bănci și instituții de plăți să acționeze mai mult pentru a interzice tranzacționarea cu criptomonede. Rivalul mai mic al bitcoin, ether, care tinde să se miște în tandem cu bitcoin, a scăzut cu până la 12%, sub valoarea de 2.000 de dolari pentru prima dată în aproape o lună. Guvernele din locuri aflate în topul criptominării - Xinjiang, Yunnan și Qinghai - au anunțat luna aceasta planuri de a destructura operațiunile de minare.
Persons: Bitcoin, Ben Organizations: Universitatea din, criptomonede BCB Group, Banca, Financial Times, Provincia Locations: China, Sichuan, Chinei, Universitatea din Cambridge, Xinjiang, Yunnan, Beijing
Sursa foto: foto simbolDouă cutremure puternice, cu magnitudini de 6,1 și 7,3, au zguduit ChinaUn cutremur puternic, cu magnitudinea de 7,3, a zguduit provincia Qinghai din nord-estul Chinei. Anunțul inițial a fost făcut de Institutul american de geofizică, pe Twitter. Cutremurul vine după ce un alt seism, de 6,1, s-a produs în zona sud-centrală a țării. A M6.1 in south-central China near Dali @ 13:48 UTC & a M7.3 @ 18:04 UTC ~620 miles (1000 km) to the north-northeast in Southern Qinghai. Iniţial magnitudinea a fost evaluată la 7,4, dar ulterior a fost revizuită la 7,3 de către USGS, scrie digi24.ro.
Organizations: Southern Qinghai Locations: China, Qinghai, Chinei, China today, Southern
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