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On May 28, at its regular monthly press briefing the Ministry of Natural Resources released and explained the Guiding Opinions on Accelerating High-Quality Development of Marine Drugs and Functional Products. Wang Xiaoyang, deputy director of the Dep

2026-05-28

On May 28, at its regular monthly press briefing the Ministry of Natural Resources released and explained the Guiding Opinions on Accelerating High-Quality Development of Marine Drugs and Functional Products. Wang Xiaoyang, deputy director of the Department of Consumer Goods Industry at the Ministry of Industry and Information Technology, said MIIT is expediting preparation of the "15th Five-Year Plan for Pharmaceutical Industry" and is arranging to accelerate the development of "innovative medicines", "inclusive medicines", "digital-intelligence medicines" and "open medicines". The plan will designate marine drugs and functional products as priority development areas and, through improving top-level design, will further clarify development direction, specify development tasks, and provide clear guidance for the industry's high-quality development.

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2026-05-28

Zimbabwe's government has issued a Mineral Classification and Declaration that formally lists 14 minerals — including lithium, nickel, cobalt and graphite — as 'critical minerals' subject to equity and export controls, and establishes a principle tha

Zimbabwe's government has issued a Mineral Classification and Declaration that formally lists 14 minerals — including lithium, nickel, cobalt and graphite — as 'critical minerals' subject to equity and export controls, and establishes a principle that the state will enforce minimum mandatory equity holdings via designated special-purpose vehicles (SPVs). Observers say the move echoes Indonesia's nickel roadmap, aiming to control global critical-mineral supply chains by banning raw-ore exports, requiring foreign investors to build smelters locally and securing state equity in projects. The declaration is currently a framework agreement and specific minimum-share ratios and implementing rules remain to be issued, but it has already drawn close attention from Chinese-backed lithium firms operating in Zimbabwe. Some companies report the government already holds equity stakes in local projects, with effective holdings reaching about 15%; the new measures are said to target new mining-right applications, while existing mines are temporarily exempt.
2026-05-27

The Iranian Revolutionary Guard Navy stated that vessels from hostile countries remain prohibited from passing through the Strait of Hormuz. As of now, 23 vessels have passed through the Strait of Hormuz, and further passage is expected to continue i

The Iranian Revolutionary Guard Navy stated that vessels from hostile countries remain prohibited from passing through the Strait of Hormuz. As of now, 23 vessels have passed through the Strait of Hormuz, and further passage is expected to continue in the coming hours.
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