Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Instagram Outage Disrupts Thousands of U.S. Users 
South Korean steel giant POSCO will build a refinery for nickel sulfate, a key material in electric vehicle (EV) batteries, which is increasingly in demand.
The world's fifth-largest steelmaker by output said that it aims to produce 20,000 tons of nickel sulfate annually from the plant by 2023, which is enough to supply 500,000 EVs.
The broader POSCO group will invest 230 billion won for building the refining infrastructure in the southern port of Gwangyang.
POSCO Chemical uses nickel sulfate to produce cathode materials, which is essential in EV batteries.
There is an expected 23 percent annual increase in global demand for nickel sulfate due to the growing popularity of EVs, which may potentially lead to a shortage of the material in 2025.
In May, POSCO signed a deal to buy a 30 percent stake in the Ravensthorpe Nickel Operation in Australia for $240 million.
