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Real-time News
South Korean Prime Minister: Strategic investment negotiations with the United States must achieve mutual benefit and commercial returns.South Korean Prime Minister: Negotiations with the United States on strategic investment projects are progressing smoothly.South Korean Prime Minister: The government will relax regulations and improve the investment environment for foreign investors.September 11th - According to the Financial Times, Dubai is planning to place parts of its new airport underground to protect against potential future drone or missile attacks. Despite the ongoing war with Iran, the city is pushing forward with its expansion plans. Dubai Airports CEO Paul Griffiths stated that critical infrastructure such as fuel storage tanks could be placed underground, while other areas may require further reinforcement. He said, "Some infrastructure may need a certain degree of reinforcement to cope with potential future activities and make it more resilient." He indicated that other options for enhancing the airports resilience, such as underground fuel storage, are being considered during the design process. "Its about the trade-off between the likelihood and consequences (of an attack), and an appropriate risk assessment." He insisted that the construction of this large airport will not be scaled back due to the war.
1. TA Securities analyst Angeline Chin stated in a report that Malaysian palm oil inventories are likely to remain high in the coming months as production enters its peak season, while uneven exports may limit price increases. However, a significant correction is unlikely, and crude palm oil prices are expected to remain above 4,000 ringgit/ton. 2. Indonesia may face even greater challenges in dealing with wildfires and heavy haze, as unusually dry weather is expected to continue until the end of the month, with rainfall in parts of Sumatra and Borneo projected to be only one-fifth of normal levels. According to data from the Indonesian Forestry Ministrys fire monitoring platform, SiPongi, more than 5,000 fire spots remain scattered across the country, far exceeding the normal level for the same period in previous years. The Indonesian Meteorological Agency wrote in its latest fire monitoring bulletin that the number of fire spots is high in the palm-growing regions of central and southern Sumatra and most of Borneo, and that "dry atmospheric conditions are contributing to the spread of fires." 3. According to SMM, some processing companies saw significant concentrated pricing during the night session, with overall pricing volume significantly higher than the previous trading day. Driven by centralized pricing, downstream raw material procurement demand was released simultaneously, and the Shanghai electrolytic copper spot market saw a significant improvement in inquiries and transactions compared to the previous trading day. 4. US President Trump: The Iran war may end before the midterm elections. The Iran war will never last until the end of my term. 5. Aladdin (ALD) data shows that since September, sea freight rates from Guinea to China via Cape vessels have continued to strengthen, rising from $38.5/ton on September 1st to $41.5/ton on September 9th. 6. The "China Mineral Resources Report 2026" shows that by the end of the 14th Five-Year Plan period, my country will rank first in the world in reserves of 14 minerals, including rare earth, tungsten, and tin. In 2025, my countrys geological exploration investment will see positive growth for the fifth consecutive year, with significant progress in mineral exploration and 200 new non-oil and gas mineral deposits discovered nationwide. 7. Data released by the Brazilian National Grain Exporters Association (Anec) shows that Brazil exported 1,931,630 tons of soybeans, 520,248 tons of soybean meal, and 1,350,156 tons of corn last week (August 30-September 5). Planned exports for the week of September 6-12 are 2,135,726 tons of soybeans, 509,591 tons of soybean meal, and 1,542,652 tons of corn. 8. The Ministry of Industry and Information Technology and eight other departments issued the "15th Five-Year Plan for the Development of the Intelligent Connected New Energy Vehicle Industry." The plan proposes to improve the resilience and security of the industrial chain. It calls for the rolling implementation of high-quality development actions for the industrial chain, overcoming shortcomings in key basic materials, operating systems, industrial software, automotive chips, and components, making good use of policies such as first-batch materials and first-version software, and continuously expanding the scale of application. It also calls for the coordinated mining and recycling of key mineral resources such as lithium, cobalt, and nickel. 9. The Ministry of Industry and Information Technology and eight other departments issued the "15th Five-Year Plan for the Development of the Intelligent Connected New Energy Vehicle Industry." The plan proposes that by 2030, my countrys advantages in the entire intelligent connected new energy vehicle industry chain will be further consolidated, entering the ranks of the worlds leading automotive powers. The proportion of new energy passenger vehicles and commercial vehicles in the total sales of new cars in their respective sectors will reach 70% and 40% respectively, and vehicles with autonomous driving functions will achieve large-scale application. 10. This week, Mysteels statistics on independent coking plants show: capacity utilization rate 66.71%, up 1.70%; average daily coke output 572,900 tons, up 14,600 tons; coke inventory 835,300 tons, down 138,500 tons; total coking coal inventory 9,680,300 tons, up 47,400 tons; coking coal availability days 12.7 days, down 0.27 days. 11. According to AlCircle, Ashapura Minechem, a subsidiary of the Indian integrated mining group Ashapura, plans to increase its annual bauxite shipments from Guinea to 15 million tons by fiscal year 2028. The company expects bauxite exports to be 9 million to 11 million tons in fiscal year 2027, which will be affected by short-term shipping cost pressures. 12. Mysteel statistics show that the total imported iron ore inventory at 45 ports nationwide is 162.329 million tons, a decrease of 817,600 tons compared to the previous week; the average daily port throughput is 3.4511 million tons, an increase of 159,700 tons; the number of ships in port is 127, a decrease of 1. 13. Mysteels survey of 247 steel mills shows that the blast furnace operating rate is 83.12%, an increase of 0.48 percentage points compared to the previous week, and a decrease of 0.71 percentage points compared to the same period last year; the average daily pig iron output is 2.3629 million tons, a decrease of 5,300 tons compared to the previous week.
