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STMicroelectronics' shares in Milan continued their upward trend, rising about 4% on the day.

2026-06-29

STMicroelectronics' shares in Milan continued their upward trend, rising about 4% on the day.

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2026-06-29

Nomura says recent capex by Han's Laser and Hoshine Silicon indicates accelerating optical-fiber capacity expansion driven by AI data-center buildout. The preform market retains high technical barriers and is currently led by Corning, Fujikura and Ya

Nomura says recent capex by Han's Laser and Hoshine Silicon indicates accelerating optical-fiber capacity expansion driven by AI data-center buildout. The preform market retains high technical barriers and is currently led by Corning, Fujikura and Yangtze Optical Fiber and Cable, so Nomura expects supply constraints to persist short term, supporting elevated spot prices and helping Yangtze expand margins via greater AI data-center exposure. However, if new entrants successfully develop high-end products (hollow-core and multi-core fiber) and execute planned capacity additions, competition could intensify and pressure margin expansion for incumbent producers. Nomura keeps a BUY on Yangtze Optical Fiber and Cable (06869.HK) with a HK$266 target, based on FY2027 EPS of RMB9.75 and a 23.7x forward P/E.
2026-06-29

Mining company Greenland Resources said on Monday Canada has provided a CAD 7 mln non-repayable grant (~$4.93 mln) for its molybdenum project. Molybdenum, used in aerospace, energy and defense, is listed as a critical mineral by the EU and US. Greenl

Mining company Greenland Resources said on Monday Canada has provided a CAD 7 mln non-repayable grant (~$4.93 mln) for its molybdenum project. Molybdenum, used in aerospace, energy and defense, is listed as a critical mineral by the EU and US. Greenland Resources said Canada is the first G7 government to invest in a Greenland mining project, highlighting rising Western interest in the island’s strategic mineral resources.
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