News

According to TASS news agency: Russian President Vladimir Putin signed a law amending the tax code to support the domestic fuel market.

According to reports from Saudi media Hadass and Al Arabiya Satellite TV, negotiations between the United States and Iran will be held in Pakistan on July 11.

Ukrainian Energy Company DTEK: Russia attacked a coal mining company in eastern Ukraine, killing one miner and injuring five others.

Relevant Egyptian ministers revealed that Egypt is expected to receive 1.5 billion euros in funds under the EU aid package in the next few days.

1. SK Hynix1. Cheongju M15X (key DRAM/HBM production capacity) Estimated shipment pace: gradually contribute to HBM-related supply from 2026; become one of the core sources of AI DRAM increment from 2026 to 2027. 2. Yongin Semiconductor Cluster (Yongin Cluster) Estimated shipment pace: the first Fab enters the production stage in 2027; multiple Fabs continue to expand production from 2028 to 2030; 2030+ full-scale HBM and advanced DRAM base. 3. HBM packaging base in Indiana, USA. Estimated shipment pace: 2027-2028 packaging production capacity will be gradually formed; 2028 will begin to support HBM shipments on a large scale. 2. Samsung Electronics1. Pyeongtaek P4/P5 production line group (core DRAM and HBM) Estimated shipment pace: 2027 partial trial production and customer verification; 2028 large-scale mass production stage. 2. HBM dedicated production capacity expansion (Cheonan/Onyang) Estimated shipment pace: 2027–2028 to enter the HBM4 mass production window. 3. Micron1. Idaho/New York State, USA (Advanced DRAM Base) Estimated shipment pace: Initial wafer output will begin after mid-2027; large-scale supply will begin in 2028+. 2. Singapore's NAND + DRAM hybrid production expansion is expected to ship rhythm: HBM/NAND related production expansion will begin to contribute to output in 2027; it will enter a stable shipping cycle in 2028. Summary: Judging from the production expansion situation, the three production expansions will begin to "gradually materialize" in 2027, but the structural gap is still there. HBM supply will remain a bottleneck. Starting in 2028, a new round of HBM and DRAM production capacity will be released intensively, and the price cycle may enter a rebalancing stage.

German Chancellor Mertz held a phone call with Ukrainian President Volodymyr Zelensky to discuss Russia's air strikes in Kiev and other parts of Ukraine.

European Commission President Von der Leyen: Ten months ago, the European Commission proposed suspending trade preferential treatment under the EU-Israel Association Agreement.

U.S. Geological Survey: A magnitude 5.1 earthquake occurred 264 kilometers west of Abepura, Indonesia.

South Korea has restarted tungsten mining for the first time in 32 years, and relevant companies and local governments are considering supplying it to Japan. If it can be realized, Japan's tungsten procurement channels that have always relied on China will be expanded. It is expected to become a new pillar of industrial cooperation between Japan and South Korea. The Korean subsidiary of Almonty Industries, the global ore mining giant in the United States, started mining operations in Yeongwol County, Gangwon Province, eastern South Korea in March. This is the first time production has resumed in 32 years since the mine was closed in 1994. The reason behind this restart of mining operations is high demand. Almonte acquired the mine in 2015 and invested approximately 40 billion yen to promote development. The annual output is expected to reach a maximum of 4,600 tons. About half of the production in a short period of time will be supplied to the United States under long-term contracts. The remaining production will be allocated to Asia, including South Korea and Japan, and Europe. Tungsten is a rare metal indispensable for manufacturing a wide range of products including cutting tools and automobiles. In recent years, as the demand for semiconductors for artificial intelligence (AI) continues to expand, the supply and demand relationship for tungsten has become increasingly tense. China, which accounts for about 80% of global tungsten production, has tightened export controls. Coupled with tensions in the Middle East, the transaction price of tungsten has increased 4 to 5 times in the past year.

National Gas Company of Ukraine (Naftogaz): A gas production facility in Ukraine's central Poltava region was attacked by a Russian drone, causing a fire.

Russia said a Ukrainian drone attacked an oil depot in St. Petersburg.

According to Japan's Kyodo News Agency: Japan's Minister of Defense and Minister of Foreign Affairs will attend next week's NATO summit.

Russia says a drone attack hit a St. Petersburg oil terminal.

Ukraine's General Staff has denied that Russian troops have occupied Kostyandinvka in eastern Ukraine.

Japanese Minister of Economy, Trade and Industry Ryomasa Akasawa: Ready to assist overseas chip manufacturers to invest in Japan.

U.S. President Trump: Iran very much wants to reach a deal; he gave Iran a week off to host Khamenei’s funeral.

Market news: The Independence Day parade in Washington, D.C., was canceled due to extreme heat.

European Commission President Von der Leyen: Europe is facing a housing crisis. We plan to establish a "European Housing Alliance" and will convene a high-level summit on European housing issues.

Market news: Russia launched a large-scale bombing attack on the northern Ukrainian city of Sumy, hitting an apartment building and a store, killing three people.

Kremlin spokesman Peskov: The Russian Federation has completely liberated Konstantinovka (located in the center of the Donetsk Oblast in eastern Ukraine).