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Real-time News
August 3rd - According to foreign media reports, Malaysia is considering allowing some exports of unprocessed rare earth elements to solidify its position in supply chains across industries ranging from automobile manufacturing to defense and consumer goods. Malaysia suspended unprocessed rare earth exports in 2024 to stimulate investment in domestic processing industries—a common strategy among resource-rich developing countries. However, according to a senior government official, authorities are currently assessing the feasibility of relaxing restrictions as competition surrounding these minerals intensifies. Syed, Malaysias Deputy Minister of Natural Resources and Sustainable Environment, stated, "Any new exports will come with conditions, including being linked to inbound investment and technology transfer." He declined to provide a timeline for adjusting export regulations. Syed stated that Malaysia possesses 16.1 million tons of "inferred reserves" of rare earth elements. The government has previously indicated that these reserves could be worth 970 billion ringgit (US$237 billion).Japans Ministry of Finance: We remain vigilant and maintain close contact with the U.S. Treasury Department.Japans Ministry of Finance stated that the intervention was aimed at addressing the recent excessive and disorderly fluctuations in the yen. It will not hesitate to conduct further foreign exchange intervention with the United States and plans to use the Federal Reserves foreign and international monetary authority repurchase facilities in the future.Japans Ministry of Finance: Last Friday, Japan conducted a coordinated yen-buying intervention with the United States, jointly purchasing yen.Domestic News: 1. The Peoples Bank of China held its 2026 second-half work conference: continuing to implement a moderately loose monetary policy. 2. The State Administration of Foreign Exchange held its 2026 second-half foreign exchange management work exchange meeting: continuing to steadily expand institutional opening-up in the foreign exchange field. 3. China Cotton Association: opposing US sanctions and suppression of Chinese cotton textile enterprises. 4. State Grid: electricity load in many areas hit record highs, taking multiple measures to ensure power supply. International News: 1. Brazils Workers Party officially confirmed Lula as its presidential candidate. 2. The immigrant crisis in the Spanish enclave of Ceuta has resulted in 72 deaths. 3. OPEC+ agreed to increase the September oil production quota by 188,000 barrels per day. 4. Japanese officials: Japanese Finance Minister Satsuki Katayama will officially announce on Monday a coordinated Japan-US action to curb the yens depreciation; the intervention is not yet over. 5. Middle East situation—① Trump: received a request from Iran and agreed to cancel the strikes against Iran; the Iranian military called this a "lie." (Trump calls off strikes against Iran for the eighth time) ② Iranian President: The memorandum of understanding with the United States will be the core of our future diplomatic relations. ③ Iranian media: Reports that Iran has agreed to reopen the Strait of Hormuz are fake news. ④ Iranian Foreign Ministry: Negotiations between Iran and Oman are nearing completion. The Strait of Hormuz will not return to its pre-war state, and the reopening issue is unrelated to the Oman negotiations. ⑤ Israel claims Netanyahu learned of the US call to halt strikes against Iran through Trumps social media. ⑥ Iranian Parliament National Security Committee: Mediators are assisting in restoring the memorandum of understanding between Iran and the United States, and all parties have exchanged views on all issues. ⑦ Trump: US-Iran negotiations will begin tomorrow (morning of the 4th Beijing time), and an agreement has been reached on the Strait of Hormuz.
