Channel 12 reported on the evening of the 21st that Israel is considering a 'small-scale' pullback from southern Lebanon. Israeli political and security leadership held consultations over the past 24 hours and have been communicating with the US at multiple levels. Citing senior officials, the report said Israel has not received any US request to withdraw forces from southern Lebanon, but is studying limited withdrawals from areas beyond the Blue Line currently held by the IDF. The report added

Israel's army chief of staff said the ceasefire with Lebanon is fragile and forces must remain on high alert, ready to respond if fighting resumes.

CSC Financial research note says Chinese dental zirconia makers have received notices from Japan's Tosoh suspending supply of zirconia powder, signaling raw-material shortages have moved from expectation to reality after overseas rare-earth constraints. YSZ (yttria-stabilized zirconia), a yttria-doped high-performance ceramic, faces steep domestic-foreign price divergence: domestic yttrium oxide quoted about 55,000 yuan/ton, Rotterdam port price $457.50/kg and Baichuan reports a European price of $1,175/kg, with some spreads exceeding 100x. Baichuan data show similar widening for other oxides: dysprosium ~8x, terbium ~5x, gadolinium ~40x, scandium ~6x. Rare earths are essential additives for high-end materials and manufacturing; tightening overseas supply and expanding spreads imply Chinese producers of rare-earth-added high-end materials could gain global market share, supporting upstream, midstream and downstream segments of the domestic rare-earth industry chain.