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TSMC (TSM.N) says it will increase investment in the U.S.
2026-07-16
TSMC (TSM.N) says it will increase investment in the U.S.
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2026-07-16
Chile is being hit by a strong winter front expected to peak July 16-17 and possibly persist through July 20-21. Northern high-altitude and mountainous mining districts including Antofagasta and Atacama are forecast to see moderate-to-heavy snow and
Chile is being hit by a strong winter front expected to peak July 16-17 and possibly persist through July 20-21. Northern high-altitude and mountainous mining districts including Antofagasta and Atacama are forecast to see moderate-to-heavy snow and high winds; central to southern Chile face sustained heavy rain with elevated flood, landslide and mudslide risk. The government has activated preventive emergency measures and the mining regulator is coordinating contingency plans with major producers. SMM and local industry sources say heavy snow and rain could temporarily disrupt mine road transport and port loading, creating short-term delays to copper concentrate and electrolytic copper shipments; the actual impact will depend on storm duration and mine operational responses.
2026-07-16
The IMF released a report comparing the current US-Iran war with all major oil crises in modern history. The chart shows that, in terms of the scale of supply losses, the cumulative oil supply disruptions caused by the current Middle East wars have e
The IMF released a report comparing the current US-Iran war with all major oil crises in modern history. The chart shows that, in terms of the scale of supply losses, the cumulative oil supply disruptions caused by the current Middle East wars have exceeded those of all major oil crises of the past few decades. Specifically: - Russia-Ukraine War: Supply reduction of approximately 100 million barrels - Iraq War: Supply reduction of approximately 400 million barrels - 1973 Oil Crisis: Supply reduction of approximately 500 million barrels - Iranian Islamic Revolution: Supply reduction of approximately 700 million barrels - Gulf War: Supply reduction of approximately 1.5 billion barrels The current US-Iran war has resulted in a reduction of 2.3 billion barrels of crude oil supply, and this is continuing to expand. Current crude oil prices have not fully reflected this supply shock. This is due to: ① suppressed global demand; ② increased crude oil production outside the Gulf region offsetting some of the shortfall; ③ countries continuing to use commercial and strategic oil reserves to buffer the supply shortage. However, the IMF warns that these buffering factors have significantly weakened, and the buffer space is almost exhausted.
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