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Egypt central bank: M2 money supply rose 19.6% YoY in May.
2026-07-04
Egypt central bank: M2 money supply rose 19.6% YoY in May.
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2026-07-04
At the Yabuli Forum Innovation Annual Conference in Shanghai (July 3-4), Yushu Technology co-founder Chen Li said the company has completed in-house R&D and production of core components and underlying architecture, enabling end‑to‑end manufacture of
At the Yabuli Forum Innovation Annual Conference in Shanghai (July 3-4), Yushu Technology co-founder Chen Li said the company has completed in-house R&D and production of core components and underlying architecture, enabling end‑to‑end manufacture of quadruped and humanoid robots, robotic arms, pump bodies and dexterous hands. He said joint‑motor core technology is fully self‑developed and the upstream only involves basic raw materials such as copper wire and magnets, with the supply chain fully autonomous and controllable. Chen added Yushu’s self‑developed stack delivers leading cost‑performance, reliability, stability and consistency, and the firm continues to invest in control, perception, navigation and AI algorithm R&D, with multiple patent filings.
2026-07-04
South Korea has restarted tungsten mining for the first time in 32 years, and related companies and the local government are considering supplying Japan. If this happens, Japan's long-standing reliance on China for tungsten procurement will be expand
South Korea has restarted tungsten mining for the first time in 32 years, and related companies and the local government are considering supplying Japan. If this happens, Japan's long-standing reliance on China for tungsten procurement will be expanded, potentially becoming a new pillar of industrial cooperation between Japan and South Korea. Almonty Industries, a global mining giant based in the United States, resumed mining operations in March in Yeongwol County, Gangwon Province, in eastern South Korea. This marks the first resumption of production in 32 years since the mine was closed in 1994. The reason behind this restart is surging demand. Almonty acquired the mine in 2015 and invested approximately 40 billion yen in its development. Annual production is expected to reach a maximum of 4,600 tons. In the short term, about half of the production will be supplied to the United States under long-term contracts, with the remainder allocated to South Korea, Japan, other Asian regions, and Europe. Tungsten is an essential rare metal in the manufacture of a wide range of products, including cutting tools and automobiles. In recent years, the supply and demand relationship for tungsten has become increasingly strained due to the expanding demand for semiconductors used in artificial intelligence (AI). China, which accounts for about 80% of global tungsten production, has tightened export controls, and coupled with tensions in the Middle East, tungsten prices have risen four to five times in the past year.
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