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S&P Global Commodity Insights’ Platts Launches First-Ever Daily South America Lithium Triangle Price Assessments

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Brings Pricing Transparency to Important Lithium Supply Growth Market

– Complements Existing Suite of Asia, Americas & Europe Battery Metals Prices & US Black Mass Assessments –

NEW YORK and LONDON and SINGAPORE, Sept. 3, 2024 /PRNewswire/ — Platts, part of S&P Global Commodity Insights, the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities, energy, battery metals and energy transition markets, has launched the first-ever daily, physical spot market price assessments for South America lithium carbonate, effective September 2, 2024. This builds on Platts’ pre-existing suite of lithium and battery metals and raw materials pricing information across the Americas, Asia and Europe.

The launch follows months of engagement with the marketplace and responds to growing demand from market participants for increased transparency, clarity and insights regarding pricing for lithium products from South America, as the region grows in its role as a global supplier. Lithium carbonate is a key building block of electric batteries.

“We’re excited to further our century-plus history of bringing pricing transparency to markets, extending our reach in battery metals to the important South America Lithium Triangle – a region poised to play a pivotal role in global lithium production,” said Anna Crowley, Global Head of Metals Pricing, S&P Global Commodity Insights. “Our aim is to provide the essential price benchmarks and insights needed by market participants throughout the critical elements and battery value chain.” 

The new Platts Lithium Triangle (LiT) price assessments, on a free-on-board (FOB) shipping basis, will reflect a minimum quality of 99.0% Li2CO3, a minimum of five metric tons of power packed in bags, loading 14 to 60 days forward and expressed in US dollars per metric ton.

The Lithium Triangle, encompassing parts of Argentina, Bolivia, and Chile, is pivotal for lithium production, boasting significant reserves of lithium-rich brine deposits, making it one of the most important and promising regions for lithium production globally.

S&P Global Commodity Insights data shows that in 2023, the Lithium Triangle produced 268,716 metric tons of Lithium Carbonate Equivalent (LCE) equivalent to 27% of global supply, ranking second globally. By 2028, supply is projected to surpass 631,000 metric tons, according to Alice Yu, Principal Analyst, Metals & Mining Research, S&P Global Commodity Insights.  As a block, Argentina, Bolivia, and Chile are expected be the largest contributor to global lithium supply growth over the next 5 years. Their combined production is the anticipated to remain the second largest in the world through to 2028.

“Not only is this the first daily price assessment for the emerging lithium production hub known as the Lithium Triangle, but the Platts LiT FOB assessment’s relevance and usefulness goes well beyond South America and will likely have global implications,” said Adriana Carvalho, Senior Managing Editor, Latin America Metals, S&P Global Commodity Insights.

The new South America lithium price assessment will follow the Platts Market-on-Close price assessment methodology, based on the principle that price is a function of time. All market information reported for the Platts price assessment process will be published in real-time for transparent visibility to the marketplace and will include firm bids, offers, transactions, indications of value, as well as any other data deemed relevant to the assessment process (including movements in related markets through spread differentials).

The new daily end-of-trading-day price assessment follows a Sao Paulo, Brazil publishing schedule and will reflect a market close of 4:00 pm. This new daily price assessment, along with an associated monthly average, will be published through S&P Global Commodity Insights publications and services, including: Platts Nonferrous Metals Alert, Platts Metals Daily, Battery Metals Market Report, and the Platts price assessments database.

For more details, visit Platts Assessments Methodology Guide.

Media Contacts: 
Americas: Kathleen Tanzy + 1 917-331-4607, kathleen.tanzy@spglobal.com
Jeff Marn +1 202-560-0776, jeff.marn@spglobal.com
EMEA: Paul Sandell + 44 (0)7816 180039, paul.sandell@spglobal.com  
Asia: Melissa Tan + 65-6597-6241, melissa.tan@spglobal.com   

About S&P Global Commodity Insights
At S&P Global Commodity Insights, our complete view of global energy and commodity markets enables our customers to make decisions with conviction and create long-term, sustainable value.  

We’re a trusted connector that brings together thought leaders, market participants, governments, and regulators and we create solutions that lead to progress. Vital to navigating commodity markets, our coverage includes oil and gas, power, chemicals, metals, agriculture, shipping and energy transition. Platts® products and services, including leading benchmark price assessments in the physical commodity markets, are offered through S&P Global Commodity Insights. S&P Global Commodity Insights maintains clear structural and operational separation between its price assessment activities and the other activities carried out by S&P Global Commodity Insights and the other business divisions of S&P Global.   

S&P Global Commodity Insights is a division of S&P Global (NYSE: SPGI). S&P Global is the world’s foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world’s leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information visit https://www.spglobal.com/commodityinsights

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SOURCE S&P Global Commodity Insights

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JinkoSolar’s Perovskite Tandem Solar Cell Based on N-type TOPCon Sets New Record with Conversion Efficiency of 33.84%

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SHANGRAO, China, Jan. 6, 2025 /PRNewswire/ — JinkoSolar Holding Co., Ltd. (the “Company,” or “JinkoSolar”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it has achieved a significant breakthrough in the development of its N-type TOPCon-based perovskite tandem solar cell. Independently tested by the Shanghai Institute of Microsystem and Information Technology, Chinese Academy of Sciences, the cell achieved an impressive conversion efficiency of 33.84%, surpassing JinkoSolar’s previous record of 33.24%. This achievement marks the 27th time JinkoSolar has set a world record for efficiency and power output for PV products.

The record-breaking perovskite tandem solar cell utilizes JinkoSolar’s N-type high-efficiency monocrystalline TOPCon solar cell as the bottom cell, enhanced by significant advancements across multiple key technologies. Innovations such as full-area passivated contact technology, perovskite interfacial defect passivation technology, and bulk defect passivation technology have contributed to the enhanced efficiency of the perovskite/TOPCon tandem cell. The results once again break the conversion efficiency limit of single-junction crystalline silicon cells. This achievement highlights the compatibility of TOPCon as a mainstream solar cell technology with the next-generation perovskite/silicon tandem cell technology, paving the way for new possibilities in the future development of the photovoltaic industry.

Dr. Jin Hao, CTO of Jinko Solar Co., Ltd., said, “Once again, we have achieved remarkable progress in solar cell efficiency as a result of our ongoing investments in R&D and steadfast commitment to excellence. This milestone strengthens our confidence in our ability to achieve further technological breakthroughs as we work toward building a greener and more sustainable energy future.” 

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.

JinkoSolar had over 10 productions facilities globally, over 20 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, Brazil, Chile, Australia, Canada, Malaysia, the United Arab Emirates, Denmark, Indonesia, Nigeria and Saudi Arabia, and a global sales network with sales teams  in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of September 30, 2024.

To find out more, please see: www.jinkosolar.com 

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from management in this press release and the Company’s operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:
Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: pr@jinkosolar.com 

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SOURCE JinkoSolar Holding Co., Ltd.

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City of Philadelphia Transforms Right-of-Way Management with New INRIX Road Rules Products

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KIRKLAND, Wash. and PHILADELPHIA , Jan. 6, 2025 /PRNewswire/ — The City of Philadelphia announced today it has selected INRIX, a leading provider of transportation data and analytics, to help the City revolutionize curb and right-of-way (ROW) management using NEW products offered in the INRIX IQ suite.

The City of Philadelphia has selected INRIX to help the City revolutionize curb and right-of-way management

The City of Philadelphia received USDOT Strengthening Mobility and Revolutionizing Transportation  (SMART) grant funding to optimize the use of the limited space in the ROW by creating a clear way to organize and communicate its rules and policies. The new cloud-based product, INRIX IQ Road Rules, will hold digital twin information about the City’s streets, sidewalks, and curbs. It allows staff to communicate temporary and permanent rule changes across internal departments and externally to stakeholders such as digital mapping companies (e.g., Apple, Google, HERE, Mapbox, TomTom) and fleet operators (e.g., autonomous vehicles, delivery companies, rideshare).

“Road Rules gives the City more capacity to improve ROW management through data and technology,” said Akshay Malik, Smart Cities Director, City of Philadelphia. “We can leverage existing data standards from the Open Mobility Foundation to map the ROW in more detail and test new ways to digitally manage it through our pilot in Center City, improving safety for drivers, cyclists, and pedestrians.”

INRIX enables agency staff to take a data-driven approach to curb and ROW management to improve safety, reduce congestion, and improve access to local businesses. Road Rules provides the City of Philadelphia several key capabilities:

Creation of a building-face-to-building-face digital twin of the ROW — including travel lanes, curbs, and sidewalks — in the pilot zonePre-loaded inventory of curb rules in the entire city centerDeep insights into use of the curb, including real-time and historic information on occupancyAdvanced tools for digital editing and coordination of ROW regulationsStandardized communication of digital ROW rules through state of the practice versions of the Curb Data Specification (CDS) and Mobility Data Specification (MDS) APIs

“The building-face-to-building-face ROW is utilized by a myriad of stakeholders, including people walking, biking, waiting for and riding public transportation, driving, and freight deliveries. In recent years, the public ROW has become a laboratory for new uses such as shared scooters, ride hail drop-offs and pick-ups, parklets, play streets, food delivery, autonomous vehicles, and sidewalk robots. This experimentation will only increase in upcoming years and cities need tools to steer these initiatives towards their long-held goals,” said Ahmed Darrat, Chief Product Officer at INRIX. “Urban areas are complex ecosystems that require meticulous planning and management. INRIX IQ’s robust insights across traffic, incident, parking, and safety management provide a comprehensive digital view while our Road Rules products allow staff to it intuitively and seamlessly act on emerging initiatives and digitally communicate rules to the wide array of stakeholders as they happen.”

“The open-source standards stewarded by the Open Mobility Foundation (OMF) give local government more effective tools to address policy priorities. We’re excited to see member organizations INRIX and the City of Philadelphia further the state of the practice by using the Mobility Data Specification and Curb Data Specification to digitally manage the full public right of way,” said Andrew Glass-Hastings, Executive Director, Open Mobility Foundation. “This SMART grant – and the partnerships and learnings it will produce – represents the next step in OMF’s mission of transforming how cities manage public space using well-designed, open-source technology.”

Philadelphia joins innovative cities like PortlandSan Francisco, and Minneapolis in deploying INRIX cutting-edge digital infrastructure management solutions as part of their SMART grant projects. Other cities like Nashville are leveraging the same tools and pre-loaded parking data for day-to-day curb management. Through its data-as-a service and software-as-a-service applications, INRIX collects and maintains information about the full ROW, including APIs consumed by private sector stakeholders through the INRIX ecosystem of enterprise customers, all while minimizing the need for large up-front costs and efforts and eliminating the need for ongoing contractor services.

For more information about Philadelphia’s Smart City initiatives, visit https://www.phila.gov/programs/smartcityphl/.

About INRIX
Founded in 2004, INRIX pioneered intelligent mobility solutions by transforming big data from connected devices and vehicles into mobility insights. This revolutionary approach enabled INRIX to become one of the leading providers of data and analytics into how people move. By empowering cities, businesses, and people with valuable insights, INRIX is helping to make the world smarter, safer, and greener. With partners and solutions spanning across the entire mobility ecosystem, INRIX is uniquely positioned at the intersection of technology and transportation – whether keeping road users safe, improving traffic signal timing to reduce delay and greenhouse gasses, optimizing last mile delivery, or helping uncover market insights. Learn more at INRIX.com.

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SOURCE INRIX

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Under the patronage of the UAE President, Abu Dhabi Sustainability Week 2025 (ADSW 2025) to take place in the emirate

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ABU DHABI, UAE, Jan. 6, 2025 /CNW/ — Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, the 2025 edition of Abu Dhabi Sustainability Week (ADSW) will take place from 12-18 January in Abu Dhabi, bringing together global leaders to accelerate sustainable development and advance socioeconomic progress.  

As the first major event in the global sustainability calendar, ADSW 2025, themed ‘The Nexus of Next. Supercharging Sustainable Progress’, will connect and empower policymakers and business and civil society leaders to explore pathways to fast-track the transformation to a sustainable economy and spark a new era of prosperity for all.

The event will showcase how the convergence of advanced technologies including artificial intelligence (AI), energy and human expertise can supercharge sustainable development and unlock a potential US$10 trillion economic transformation opportunity.

His Excellency Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of Masdar, said: “Abu Dhabi Sustainability Week 2025 will act as a nexus for global business leaders, policymakers and entrepreneurs, leveraging interconnected solutions that build a more prosperous future for all. With three megatrends shaping our world – the rise of the Global South and emerging markets, the transformation of energy systems, and the exponential growth of AI – advanced technologies now provide an unprecedented opportunity for socioeconomic and environmental development. ADSW 2025 must be the launchpad not just for policy but for action, building the connections to supercharge sustainable progress.”

ADSW 2025 confirmed partners include the Department of Energy (DoE), Abu Dhabi National Oil Company (ADNOC), Emirates Global Aluminium (EGA), EMSTEEL, Dubai Electricity and Water Authority (DEWA), Mubadala, Huawei, GE Vernova, HSBC, Agility, Abu Dhabi Investment Office (ADIO), TotalEnergies, Fertiglobe, 1PointFive, bp, BEEAH, Emirates Water and Electricity Company (EWEC) and Dii Desert Energy.

For more than 15 years, ADSW has provided a global platform to foster multi-stakeholder collaboration to address global challenges and accelerate growth. It has enabled high-value agreements and strategic partnerships between governments, industry leaders, and clean energy pioneers worldwide, driving impactful alliances and advancing the global sustainability agenda.

Standing at the intersection of bold new ideas and action, ADSW 2025 recognizes the need for widescale systemic change, connecting energy, data, finance, trade, and natural ecosystems to drive exponential, sustainable growth. ADSW 2025 will feature an engaging program of high-profile sessions, forums, partner-led events and high-level networking opportunities.

ADSW 2025 begins with the annual IRENA Assembly, taking place on 12 and 13 January, and the Global Climate Finance Annual Meeting on 13 January. The ADSW Opening Ceremony, held at the Abu Dhabi National Exhibition Centre (ADNEC) on Tuesday, 14 January, will set the scene for the week ahead. The ADSW Summit and the Green Hydrogen Summit will convene global leaders for impactful dialogues focused on fostering collaboration, unlocking investment opportunities and enabling cutting-edge partnerships. As one of the key events under ADSW, the World Future Energy Summit will continue to play a critical role in driving business growth and knowledge sharing. Over the years, the World Future Energy Summit has fostered a remarkable number of transactions, with 450 companies exhibiting in 2024. In 2025, the summit will feature the Innovation Hub, providing space for over 55 entrepreneurs and startups to showcase their breakthrough technologies and inventions to the public.

ADSW 2025 will also feature the annual Women in Sustainability, Environment and Renewable Energy (WiSER) forum, amplifying women’s voices in the sustainability debate and will bring 3,500 young people together with its Youth 4 Sustainability (Y4S) Forum and Hub, actively engaging youth in a three-day program designed to empower them to act, innovate and become climate leaders.

The Zayed Sustainability Prize – the UAE’s pioneering award for innovative solutions to global challenges – will also hold a series of events at ADSW 2025, including the Zayed Sustainability Prize Awards Ceremony on 14 January and the Forum & Investor Connect. The Zayed Sustainability Prize honors and empowers those who are spearheading transformative change across the categories of Health, Food, Energy, Water, Climate Action, and Global High Schools. Over the past 16 years, the 117 Prize winners have positively impacted more than 384 million lives worldwide, creating sustainable economic and social development opportunities, and improving access to affordable and reliable energy, safe drinking water, nutritious food and quality healthcare.

Key dates for ADSW 2025 include the IRENA Assembly on 12-13 January, followed by the Global Climate Finance Annual Meeting on 13 January. The ADSW Opening Ceremony and Zayed Sustainability Prize Awards Ceremony will take place on 14 January, while the ADSW Summit will take place on 14-15 January. The World Future Energy Summit, Youth 4 Sustainability (Y4S) Forum and Hub will take place on 14-16 January. 15 January will feature the Women in Sustainability, Environment and Renewable Energy (WiSER) Forum, while 16 January will host the Green Hydrogen Summit, Zayed Sustainability Prize Forum and Investor Connect. The event will conclude with The Festival at Masdar City on 17-18 January.

For more information, please visit www.adsw.ae.

About Abu Dhabi Sustainability Week 

Abu Dhabi Sustainability Week (ADSW) is a global platform supported by the UAE and its clean energy leader, Masdar, to address the world’s most pressing sustainability challenges through crucial conversations accelerating responsible development and fostering inclusive economic, social and environmental progress. 

For more than 15 years, ADSW has convened decision-makers from governments, the private sector and civil society to advance the global sustainability agenda through dialogue, cross-sector collaboration and impactful solutions. Throughout the year, ADSW conversations and initiatives facilitate knowledge sharing and collective action that will ensure a sustainable world for future generations. 

About Masdar 

Masdar (Abu Dhabi Future Energy Company) is one of the world’s fastest-growing renewable energy companies. As a global clean energy pioneer, Masdar is advancing the development and deployment of solar, wind, geothermal, battery storage and green hydrogen technologies to accelerate energy systems transformation and help the world meet its net-zero ambitions. Established in 2006, Masdar developed and invested in projects in over 40 countries with a combined capacity of over 31.5 gigawatts (GW), providing affordable clean energy access to those who need it most and helping to power a more sustainable future. 

Masdar is jointly owned by TAQA, ADNOC, and Mubadala, and is targeting a renewable energy portfolio capacity of 100GW by 2030 while aiming to be a leading producer of green hydrogen by the same year.

Contact:

For media inquiries, please contact: press@masdar.ae

For more information, please visit: https://www.masdar.ae and connect: facebook.com/Masdar.ae and twitter.com/Masdar

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