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Real-time News
U.S. Trade Representative Greer praised Apple and Microns recently announced manufacturing investment plans.Meta Platforms (META.O) fell 3.6% in pre-market trading.July 9th - The minutes of the European Central Banks (ECB) June meeting revealed that the bank can no longer ignore the energy shock, as it anticipates rising energy prices will push medium-term inflation above its 2% target. Last month, the ECB Governing Council unanimously decided to raise its key interest rate to 2.25%, becoming the first major central bank to do so due to high energy prices caused by the Iran war. The minutes stated: "The current situation clearly no longer warrants ignoring the shock." "The longer energy prices remain high, the more likely they are to push up broader inflation indirectly and through second-round effects. This increases the risk that the energy shock will become entrenched in core inflation and medium- to long-term inflation expectations."U.S. Trade Representative Greer: The president appears to have found a way forward in cooperating with Spain.1. The State Council issued the "15th Five-Year Plan for Carbon Peaking Action": Accelerate the development of green energy, green manufacturing, green services, and other green and low-carbon industries, and continuously enhance the competitive advantages of industries such as new energy, new energy vehicles, and power batteries. 2. The State Council issued the "15th Five-Year Plan for Carbon Peaking Action": By 2030, the proportion of new energy vehicles in the total fleet should strive to reach 30%, and the proportion of new energy operating vehicles should reach 25%. 3. The State Council issued the "15th Five-Year Plan for Carbon Peaking Action": By 2030, my countrys carbon dioxide emissions per unit of GDP will be reduced by 17% compared to 2025, and the proportion of non-fossil energy consumption will reach 25%. 4. According to Irans Labor News Agency, the Iranian Revolutionary Guard has launched super-heavy missiles from across the country, targeting US bases stationed in Arab countries in the Persian Gulf. 5. Indonesias Energy Minister said on Thursday that Indonesias B50 policy will increase the countrys crude palm oil (CPO) consumption from the current 15.2 million tons to between 16.3 million and 17 million tons. 6. According to data from Fubao Information, as of July 9th, weekly lithium carbonate production was 24,900 tons, a decrease of 2.7% week-on-week; lithium carbonate inventory was 93,100 tons, a decrease of 2.6% week-on-week. 7. According to Reuters, sources say Russian President Vladimir Putin refused to hold peace talks amid attacks on Russian territory by Ukraine. Putin may escalate the war in Ukraine. 8. According to Mysteel, physical inventory at 36 sample points this week was 10,667 tons, a decrease of 24 tons from last week, a decrease of 0.22% week-on-week, and an increase of 1.40% year-on-year. 9. ZhengBang Technology: Following Typhoon Maysak, preliminary on-site investigations revealed damage to its subsidiarys pig farms and farmers pens, breeding equipment, water and power supply lines, perimeter walls, warehouses, and other supporting facilities. Severe flooding occurred on-site, impacting pig farming production. 10. Weilan Lithium announced that it has agreed to invest in a lithium battery project in Indonesia, with a planned total investment of US$290 million, to build a new 5GWh cylindrical lithium battery manufacturing project. Upon completion and full operation, the project is expected to generate an annual production capacity of 5GWh for various types of lithium batteries, including the 21700. 11. The Ukrainian military: Struck 12 Russian oil tankers, 1 tugboat, and 1 cargo ship in the Sea of Azov. Also attacked a Russian oil terminal and an enemy ammunition depot. 12. Enterprise Singapore (ESG): As of the week ending July 8, Singapores fuel oil inventories fell by 477,000 barrels to a three-week low of 19.177 million barrels. 13. According to SMM, a recycled lead smelter in North China reported that due to flooding caused by heavy rains, the city where it is located is currently experiencing water and power outages. The impact on reduced lead production is approximately 100-150 tons/day; the specific resumption time depends on the governments emergency repair efforts. 14. According to data from Longzhong Information, as of July 9, 2026, the total inventory of sample float glass enterprises nationwide was 76 million weight boxes, a decrease of 59,000 weight boxes month-on-month, a decrease of 0.08%, and an increase of 13.26% year-on-year. The inventory days were 34.4 days, unchanged from the previous period. 15. HSBC lowered its average gold price forecasts for 2026 and 2027 to $4,560 and $4,925 per ounce respectively, from previous forecasts of $4,864 and $5,000 per ounce. 16. According to Mysteel, in the week ending July 9, rebar production and apparent demand shifted from increase to decrease, mill inventory shifted from decrease to increase, and social inventory increased for the third consecutive week. Specifically, rebar production was 2.0516 million tons, a decrease of 113,600 tons from the previous week, a drop of 5.25%. 17. China Association of Automobile Manufacturers: From January to June this year, the production and sales of new energy vehicles reached 7.438 million and 7.446 million units respectively, representing year-on-year increases of 6.7% and 7.3%.
