Pakistan Prime Minister Shahbaz said on social media on the 12th that Iran and the US have agreed on the text of a peace agreement.

Hubei Jiangcheng Laboratory said it has developed a 3D multilayer on‑chip capacitor with capacitance density exceeding 1,000 nF/mm2, targeting direct use in AI/GPU chips and high‑performance processors. The lab said the technology supports high‑compute, low‑power chip design and is undergoing process tape‑out and small‑batch trial production, with plans for scale-up in advanced packaging. The release described the capacitor as an ultra‑miniature energy buffer that smooths voltage during rapid current swings and complements HBM as an energy cache across nanosecond‑to‑second timescales to sustain GPU peak power.

JP Morgan reiterated its $4,000/t aluminium price target and expects an average of $3,750/t in H2. The bank said the Middle East conflict destroyed the Gulf’s two largest smelters—about 8% of global output—and effectively closed the Strait of Hormuz; while reopening could exert near-term downward pressure, Middle East output may take multiple quarters to normalise, keeping a shortage in place. JP Morgan expects prices to roll over from next year and fall below $3,000/t in H2 2027. LME three-month aluminium was up 0.3% intraday at $3,512/t.