According to reports, driven by a significant increase in chip production by companies such as SK Hynix, the mining and manufacturing output of North Chungcheong Province in South Korea grew by nearly 28% year-on-year in the second quarter of this year.

Pranay Shukla, Head of Global Energy Dry Bulk Shipping and Commodities Research at S&P Global, stated that steel mill profit margins are expected to remain weak or even in loss until the end of 2026. Although iron ore prices have fallen below $100 per tonne, this is still not enough to offset the cost pressures caused by tight coking coal supply.

Hyundai Motor: Robotaxi supply scale expands, Waymo deliveries to start in Q4 this year. The first Genesis hybrid model will be launched, aiming for annual sales of 350,000 units by 2030.

Spot gold has just surpassed the $4640.00/oz mark, now trading at $4639.96/oz, down 0.40% on the day. The main COMEX gold futures contract is now at $4697.00/oz, up 0.05% on the day.

Spot Gold Technical Analysis: Watch for Resistance Near $4,680