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Samsung Group Chairman Lee Jae-yong: We plan to make Gwangju a chip production base.

2026-06-29

Samsung Group Chairman Lee Jae-yong: We plan to make Gwangju a chip production base.

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2026-06-29

Fed hawkish signals and a firmer dollar are denting industrial-metals sentiment, pushing copper lower. LME three-month copper slid toward $13,300/tonne after a two-week decline. Fed officials have signaled further rate hikes in coming months to tackl

Fed hawkish signals and a firmer dollar are denting industrial-metals sentiment, pushing copper lower. LME three-month copper slid toward $13,300/tonne after a two-week decline. Fed officials have signaled further rate hikes in coming months to tackle persistently high inflation; the dollar last week hit its strongest level since November. Markets are also monitoring the prospect of Trump administration tariffs on refined metals. Separately, Goldman Sachs said the Iran conflict should ultimately boost metals demand, citing rising EV uptake, expanded renewables investment, higher defense spending and intensified AI-related industrial activity. Goldman raised its year-end 2026 and 2027 average copper forecasts to $13,735/tonne and $13,800/tonne, respectively.
2026-06-29

China's Shanghai Composite Index fell below 4,000 points, down 0.69% on the day.

China's Shanghai Composite Index fell below 4,000 points, down 0.69% on the day.
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