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Argus launches prices for Chinese-origin cobalt delivered to Europe

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Global commodity price reporting agency Argus is expanding its suite of cobalt prices with the launch of a new daily Rotterdam assessment for Chinese-origin cut cathode. The launch will bring much-needed clarity to the cobalt market at a time when there has been an influx of Chinese material to Europe
China’s exports of unwrought cobalt metal to the Netherlands jumped to 5,478t in January-August from 1,989t a year earlier, both because of over-production and as a result of weaker-than-expected demand from China’s domestic battery industry. Europe has borne the brunt of China’s increased cobalt exports because US consumers are often unwilling to use Chinese cobalt within their supply chains.
The flood of Chinese-origin cobalt moving to Europe has become problematic for existing Rotterdam price mechanisms, which have failed to sufficiently distinguish between standard chemical-grade metal, alloy-grade metal and Chinese-origin cut cathode. Conflating Chinese cut cathode with either of the other products can be problematic, because the material is typically much cheaper than other cathode, and more prone to variations in grade.
Moreover, inside China, cobalt hydroxide  — an important battery material — is typically priced using formulae themselves tied to European cobalt metal prices. Lack of clarity about European prices could compromise the basis on which hydroxide trades — a market that stretches far beyond Europe.
Argus Media chairman and chief executive Adrian Binks said: “Our new assessments of Chinese-origin cut cathode delivered into Europe provide vital market transparency. Chinese cut cathode has consistently been trading at a discount to standard alloy-grade and chemical-grade cobalt metal in Europe – including it in an existing Rotterdam price mechanism runs the risk of reducing the precision of published prices. Creating this additional price adds some much-needed clarity.”
The new European price assessment for min 99.8% Chinese-origin cut cathode will be assessed daily on a duty unpaid Rotterdam basis for 1t +/- 2% lots. It rounds out Argus’ existing suite of cobalt prices, which span the full value chain across China, Europe and the US.
The post Argus launches prices for Chinese-origin cobalt delivered to Europe appeared first on HIPTHER Alerts.

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The Channel Company Launches CRN Asia, Delivering Trusted IT Channel News and Analysis to the APAC Region

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The Channel Company, a global provider of news, insights, strategy, events, and marketing services for the information technology industry, today announced the launch of CRN Asia, delivering industry-leading breaking news, analysis, and market research to IT channel professionals across Asia.
An extension of The Channel Company’s trusted flagship CRN brand portfolio, CRN Asia provides independent and in-depth coverage of fast-evolving IT channel technologies, trends, and strategies for solution providers of every size across the region.
“We are committed to being an indispensable resource for IT channel solution providers in Asia,” said Matt Yorke, CEO of The Channel Company. “With CRN Asia, solution providers have daily access to the necessary knowledge they need to make rapid decisions and stay competitive in the dynamic IT channel marketplace in Asia and across the world.”
“The launch of CRN Asia extends the leading-edge news, trusted analysis, and in-demand events of CRN to a truly global audience,” said Alan Loader, Global SVP, Media, The Channel Company. “The daily articles, interviews, and opinion pieces will empower solution providers in Asia to navigate the complex and evolving channel landscape and drive business growth.”
CRN Asia’s experienced team of journalists delivers the essential news and intelligence providers need to solve technology challenges, explore new opportunities, and make strategic decisions to drive success for their customers and their organizations.
Visit CRN Asia to explore expert, independent channel coverage that supports your business.
The post The Channel Company Launches CRN Asia, Delivering Trusted IT Channel News and Analysis to the APAC Region appeared first on HIPTHER Alerts.

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Global Times: 75 years on, China emerges from a follower en route to becoming a major global tech powerhouse

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A white collar worker surnamed Wang in her 20s, based in Wuhan, Central China’s Hubei Province, starts her day by waking up and sitting before a made-in-China “magical mirror” or a mirror device powered by domestically developed artificial intelligence (AI) technology that scans her face and analyzes her health condition in real-time.
After breakfast, she hails a Robotaxis from Apollo Go, Baidu’s autonomous ride-hailing platform, gets in the taxi and immediately opens a Huawei laptop embedded with AI assistant, to prepare for her work. Her work schedule and a brief PowerPoint for her upcoming meetings are in place by the time she arrives at the office. So she immediately holds several quick meetings with her colleagues, with meeting minutes automatically generated by AI chatbot Kimi, developed by Chinese start-up Moonshot AI.
In the afternoon, Wang heads to a foreign company to discuss a potential partnership with the firm’s foreign CEO, during which iFlytek’s AI-powered translator provides real-time translation and makes the communication very efficient. She also tours the company’s intelligent factory and is wooed by a number of Chinese-made humanoid “quality inspector” robots patrolling the plant.
The widespread use of AI is also penetrating Wang’s leisure time as she plays the market-hit Chinese video game Black Myth: Wukong at night before going to bed. The blockbuster game has been applauded for the groundbreaking application of AI to enhance the behaviors of non-player characters (NPCs).
The daily routine of Wang, who is at the forefront of interacting with AI technology, epitomizes how the fast-lane development of AI technology, among other homegrown technological innovations, has been notably transforming every aspect of an ordinary Chinese and how the country has been marching forward toward tech modernization with robust steps. It also represents one of the startling breakthroughs in China’s drive toward sci-tech self-reliance – a progress made in a very short period of time.
October 1 marks the 75th anniversary of the founding of PRC. Back to 75 years ago, China was a nascent player in technological endeavors, with scientific and technological foundation close to naught. However, in the past 75 years, China has made a huge leap forward in the technological field, emerging from a laggard, a follower to a pioneering force en route to becoming a major global technological powerhouse.
Industry insiders said that the steady emergence of scientific and technological innovation achievements is largely attributed to the innovation-driven development strategy advocated by the country’s leadership, its capacity to devise a systematic, holistic and coordinated approach and the national innovation system that rallies top-down efforts toward a common goal.
China’s steady steps made in technological modernization in the past years also offer a vivid manifestation of the connotation of Chinese modernization, which – according to industry insiders – is a unique path that practices the concept of open, fair, just and non-discriminatory cooperation in sci-tech, while presenting a viable alternative of technological cooperation for developing countries, particularly those in the Global South.
Profound transformation
“On the technological front, China has been catching up at an extremely rapid pace, moving from being a follower to be on par with global leaders step by step. This shift in recent years has been particularly evident with the rise of China-developed large AI models, which has helped foster a unique economic development model that is driven by new quality productive forces,” Zhou Hongyi, founder and chairman of 360 Security Technology, told the Global Times.
Maya Majueran, director of Belt & Road Initiative Sri Lanka, said that the key to China’s technological climb-up lies in the CPC leadership’s innovation-driven development strategy. “It concentrates the nation’s innovation resources around strategic priorities and focuses on fostering a culture that spurs science and technological innovation,” he said.
China’s sci-tech modernization and innovation has played a vital and pillar role in pursuing Chinese modernization and high-quality development.
China’s technological roadmap is a path of independent innovation with Chinese characteristics. China is spearheading an open course for global cooperation and building bridges for tech know-how transfer, analysts noted.
China’s technological modernization encapsulates the longing of developing countries to build a new global order, under which the benefits of technological advancement should be shared equally, analysts said.
SOURCE Global Times
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Fujitsu launches “Takane” – A large language model for enterprises offering the highest Japanese language proficiency in the world

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Fujitsu today announced the launch of Takane, a large language model (LLM) designed for enterprise use in secure private environments. Developed in collaboration with Cohere Inc., (1) Takane represents a significant leap forward in generative AI capabilities, offering world-class Japanese language capabilities.
Fujitsu will integrate this new LLM into its generative AI services on Fujitsu Kozuchi and offer it through Fujitsu Data Intelligence PaaS (DI PaaS), an all-in-one operation platform that is part of Fujitsu Uvance, Fujitsu’s portfolio of solutions addressing cross-industry societal challenges. Takane will be available globally starting September 30, 2024.
Takane, which has achieved world-leading results on the Japanese General Language Understanding Evaluation (JGLUE) benchmark (2), is designed for enterprise use in a secure private environment. Fujitsu will offer Takane alongside its generative AI framework for enterprises which comprises knowledge graph extended RAG technology for referencing large-scale text and monitoring technology for generative AI that ensures output is compliant with laws, regulations, and corporate rules. With this comprehensive approach, Fujitsu aims to create an LLM that supports customers’ business transformation.
With the launch of Takane, Fujitsu elevates its generative AI offerings on Fujitsu Kozuchi with a high-precision LLM tailored for secure private environments. This strategic move aligns with Fujitsu’s vision for seamlessly integrating generative AI into business operations.
Takane will also be provided under an initiative to deliver total support for customers’ generative AI journeys by combining the LLM with its Uvance Wayfinders consulting service and broader Fujitsu Uvance offerings. With this comprehensive approach, Fujitsu aims to empower customers to unlock new value and address societal issues by enhancing productivity, creativity, and innovation in their business operations.
The post Fujitsu launches “Takane” – A large language model for enterprises offering the highest Japanese language proficiency in the world appeared first on HIPTHER Alerts.

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