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Analysts at JPMorgan recommended selling or "underweight" emerging market local currency sovereign debt because of the global impact of the Ukraine-Russia crisis.
JPMorgan estimated that fixed-income assets in emerging markets have lost 6-9 percent of their value since Russia invaded Ukraine a month ago, with nervousness about the war and its impact on global energy and food prices adding to existing pressures.
Some leading emerging market central banks are signaling that interest rates now need to rise faster than previously expected, which fuels fears of "stagflation". Stagflation means when high inflation and higher interest rates undermine economic growth.
With both the U.S. Federal Reserve and emerging market central banks raising interest rates, JPMorgan also said it made sense to "underweight" emerging market assets by taking advantage of the recent pullback in local currency bond yields relative to TREASURIES.
JPMorgan said major metals exporters such as South Africa, Chile, and Peru could still do well, but warned that emerging market fixed income assets now faced a more "stagflationary" trajectory.
The markets and prices of many commodities, metals, chemicals like the lithium battery still face uncertainty.
Q: Now, whether it is a mobile phone or other equipment, lithium batteries are generally used. How long will the lithium battery be charged for the first time to activate the lithium battery?
A: The maintenance of lithium batteries has always been a controversial issue on the Internet. There are indeed some rechargeable batteries that require similar "activation" work. This is the earlier nickel-cadmium rechargeable battery and nickel-metal hydride rechargeable battery. These batteries will produce a phenomenon known as the "memory effect". Charging in an incomplete discharge state will easily overcharge the battery. Over time, crystals will grow on the electrode plates, blocking the contact between the electrolyte and the electrode plates. Causing the battery's voltage to drop, making the user feel that the battery will be used up soon. So for both types of batteries, periodically (rather than every time) fully discharging and recharging the battery can mitigate the voltage drop caused by the above reasons.
However, most of the batteries used in our mobile phones and laptops are Li-ion batteries. Lithium-ion batteries can store a lot of energy despite their small size, so they are more and more widely used. Lithium-ion batteries do not need to be activated by deep charging and discharging at the beginning of use because the initialization and testing process of the battery is already completed when the battery is manufactured. Lithium-ion batteries also have no so-called "memory effect" and can be recharged at any time.  The suggestion that a full charge and discharge of a lithium-ion battery be periodically recharged is only for the purpose of calibrating the charge detection devices on laptops and some high-end smartphones, not for any benefit to the battery itself. For devices such as ordinary mobile phones and digital cameras that display the approximate battery level in segments, there is no need to fully charge and discharge them regularly.
What? Some mobile phone manuals also say so? You should know that the battery of a mobile phone is generally not manufactured by the manufacturer of the mobile phone. This kind of writing on the manual may be to remind the user to test whether there is any problem with the battery. In addition, since nickel-cadmium and nickel-metal hydride batteries do need to be activated, this kind of writing on the manual may also be caused by copying the template.
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Recently, the Turkish government announced that the Turkish President has signed a presidential decree to provide incentives for its Black Sea gas field development projects, including tax exemptions and other preferential measures.
With a fixed investment of 145.1 billion Turkish lira ($10 billion), the project will employ 1,018 people and produce 14 billion standard cubic meters of gas per year, the decree reads. The incentives involved include tariff and VAT exemptions, as well as a range of tax cuts.
In June 2021, Turkish drill ships discovered 135 billion cubic meters of natural gas in the Sakaria field in the Black Sea, bringing Turkey's total gas discoveries in the region to 540 billion cubic meters.
Turkey imports almost all of its annual gas consumption of about 50 billion cubic meters.
Except for natural gas, the supply and prices of many other lithium battery will continue to be influenced by international situations.
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