Canada's S&P Global manufacturing PMI eased to 52.9 in May from 53.3 in April.

China International Capital Co says rising strategic and emerging demand plus persistent supply tightness mean domestic tungsten prices, after a sharp short-term drop, are likely to stabilise and rebound. Supply: domestic output remains tight; Kazakhstan and South Korea may add incremental supply while European upside is increasingly uncertain. Inventories: China’s tungsten stocks rose QoQ in 1Q26 but the increase was limited; overseas restocking demand remains urgent. Outlook: China International Capital Co expects a global tungsten supply–demand deficit of 23,000/24,000/24,000/25,000 tonnes in 2026–2029, equivalent to 14.6%/14.8%/13.9%/14.3% of global tungsten consumption (primary + recycled). The report flags rising allocation appeal of leading global tungsten producers.

At about 10:32 local time on June 1, a gas room linking two production bays at SK Hynix’s fourth campus in Cheongju, North Chungcheong Province, caught fire. Automatic sprinklers activated and the blaze was brought under control, but a fluorine gas leak injured seven people who were sent to hospital. SK Hynix evacuated about 3,600 staff. Residual gas was cleared by about 13:38 local time, all buildings were reopened and the company declared the incident closed. SK Hynix said plant production equipment was not affected and production would not be interrupted; the company is investigating the cause.