Rio Tinto Stock Jumps as Strong Earnings, Higher Dividend and AI Metal Demand Boost Outlook 
X Challenges Australia’s Expanded Social Media Ban Enforcement Powers 
Robinhood Q2 Earnings Beat Estimates, But HOOD Stock Falls as Investors Question Profit Quality 
Standard Chartered Beats Profit Forecasts as First-Half Earnings Rise 9% 
OpenAI Revenue Surges After GPT-5.6 Launch as IPO Expectations Grow 
Sika Raises 2026 Sales Outlook After Strong First-Half Results Beat Expectations 
Microsoft Stock Jumps as Azure Growth, AI Revenue Beat Expectations 
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth 
GSK Unveils $2.52 Billion Cost-Cutting Plan to Accelerate Drug Pipeline 
TSMC Gradually Restarts Japan Chip Plant After Kumamoto Earthquake 
Sony Eyes $1.3 Billion Tamron Acquisition as Lens Maker Reviews Offer 
Starbucks Stock Jumps as Q3 Earnings Beat, Sales Growth Drives Higher 2026 Outlook 
Air Liquide Q2 Sales Growth Tops Forecast as Electronics Business Drives Strong Performance 
Samsung Q2 Profit Surges on AI Memory Chip Demand, Forecasts Strong Second Half 
Chipotle Q2 Earnings Beat Expectations as Sales Growth Drives Higher 2026 Outlook 
Meta Stock Drops After Earnings Miss as AI Spending and Legal Costs Weigh on Profit 
SK Holdings will invest an additional 100 billion won in Chinese copper foil manufacturer Wason to pursue the EV parts business as an avenue for growth.
The amount is in addition to the 270 billion won invested in April 2019.
According to SK Holdings, Wason’s rapid rise reflects its investment foresight and expects to gain extra corporate value through its preemptive investment.
Wason is globally the top copper foil manufacturing firm with an annual manufacturing capacity of 40,000 tons as of July 2020 and is eyeing to grow that figure to 140,000 tons by 2025. It is expanding its manufacturing capabilities by establishing new factories and through mergers and acquisitions.
There are plans for Wason, which recorded an operating profit of 78.1 billion won, to make an initial public offering, yielding added value to SK Holdings’ preemptive investment.
Battery manufacturers worldwide require 140,000 tons of copper foil, which is expected to grow to 750,000 tons by 2025.
