The Bank of England maintains interest rates, Contemporary Amperex Technology Co., Ltd. plans to invest 1.4 billion to expand lithium carbonate production

The Bank of England has maintained the policy interest rate at 3.75% for the sixth consecutive meeting and announced the cancellation of the long-term government bond sale plan.

Contemporary Amperex Technology Co., Ltd. plans to invest 1.4 billion yuan to build a new lithium carbonate project in Ya'an with an annual production capacity of 40,000 tons, while Huawei simultaneously released a new computing architecture.