UK Central Bank Holds Rates Steady, CATL Plans $14M Investment to Expand Lithium Carbonate Production

On September 18, according to Jinshi Data, the Bank of England kept its policy rate unchanged at 3.75% for the sixth consecutive meeting, in line with market expectations.

The bank also announced the cancellation of its long-term bond sale program, further slowing the pace of quantitative tightening.

In the industrial sector, CATL plans to invest 1.4 billion yuan to build a new lithium carbonate production project with an annual capacity of 40,000 tons in Ya'an. Huawei unveiled a new computing architecture today, aimed at enabling the coordinated operation of millions of processors.

In trade and geopolitical developments, the Ministry of Commerce stated that Chinese and U.S. trade teams are maintaining close communication on issues such as tariff reductions, and Minister Wang Wentao held a video meeting with the European Commission's trade commissioner. Saudi Arabia has requested Oman to mediate in efforts to facilitate a two-week ceasefire with the Houthis.

[TechFlow]