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UPDATE 2-Contractor asks Australia to review asset sale by China's Tianqi Lithium

By Reuters Staff
(Adds Treasury comment, changes headline)
MELBOURNE March 11 (Reuters) - An Australian mining services contractor locked in a legal dispute with China’s Tianqi Lithium Corp over failed payments has asked the Foreign Investment Review Board (FIRB) to examine a related sale, a company director said on Thursday.
Perth-based MSP Engineering has asked FIRB to review a part sale of Tianqi’s Australian lithium business to nickel miner IGO after Tianqi refused to pay it for constructing a battery-grade lithium processing plant in Western Australia.
This week, Western Australia’s Supreme Court ruled that Tianqi, one of the world’s biggest producers of lithium chemicals used in electric vehicle batteries, must pay A$38.9 million ($30 million) in arrears. Tianqi said it will appeal. ....

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Truckmaker Volvo warns of disruption due to semi-conductor shortage

Swedish truckmaker Volvo expects a shortage of semi-conductors to further disrupt production after problems at its Belgian plant in February, Swedish news agency TT reported on Thursday. ....

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OXFORD INSTRUMENTS PLC - Director/PDMR Shareholding

OXFORD INSTRUMENTS PLC - Director/PDMR Shareholding
PR Newswire
Director/PDMR Shareholding
Oxford Instruments plc, a leading provider of high-technology solutions, information and services for industry and research, was notified on 10 March 2021 that on that date certain purchases and awards of ordinary shares of 5 pence each in the capital of the Company were made under the all-employee Oxford Instruments Share Incentive Plan (the SIP ) including by and to the Executive Directors.
The transactions listed below were undertaken on behalf of the Executive Directors by the trustee of the SIP.
The Matching Shares are subject to a risk of forfeiture which will normally be removed on the third anniversary of award subject to the participant s continued employment and the retention of the linked Partnership Shares. No consideration was paid by the participants for the award of, or is due on the release of, the Matching Shares. ....

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Oxford Instruments NanoScience Gains Momentum in Quantum Computing

Oxford Instruments NanoScience Gains Momentum in Quantum Computing
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210311005328/en/
Oxford Instruments NanoScience ProteoxLX (Photo: Business Wire)
Optimised for quantum computing, the ProteoxLX is part of Oxford Instruments family of next generation dilution refrigerators which all share the same modular layout to provide cross-compatibility and added flexibility for cryogenic installations. The LX system can maximise qubit counts with its large sample space and ample coaxial wiring capacity, low vibration features for reduced noise and support of long qubit coherence times, and full integration of signal conditioning components. ....

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How investment firms are tackling the adoption of the client-focused reforms

Mark Kent, president and CEO of Portfolio Strategies Corp. in Calgary, says the firm will only need to make minor changes as a result of the client-focused reforms, mostly around advisor training and updating documentation. Photo by Todd Korol/Globe & Mail
Todd Korol/The Globe and Mail
This article is the third in an ongoing series on the client-focused reforms, which will place investors’ interests first in their dealings with financial advisors and dealer firms and have a consequential impact on advisors and the investment industry.
The pandemic-driven shift to remote work has been both a help and a hindrance to investment industry firms working on updating their client relationship policies and procedures to meet new investor-protection rules that come into effect fully by the end of this year. ....

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