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Nuode (600110) disclosed its semi-annual report on July 30. H1 revenue was 6.433 billion yuan, up 113.33% YoY;net profit attributable to shareholders of the publicly listed firm was 103 million yuan, versus a loss of 72.4329 million yuan in the same period last year, marking a turnaround to profitability YoY; basic earnings per share was 0.0598 yuan.During the reporting period, the supply-demand pattern of the lithium battery copper foil industry experienced a complete reversal:outdated low-end capacity continued to exit the market, the rollout of new capacity in the industry slowed down, and combined with the surge in demand from both power batteries and energy storage, copper foil processing fees bottomed out. Leveraging its differentiated product portfolio of ultra-thin lithium battery copper foil and high-end electronic copper foil, the company successfully achieved a turnaround to profitability, with overall profitability improving significantly QoQ and YoY.

South Korean President Lee Jae-myung and Chilean President Jose Antonio Kast held a summit in Santiago, and on Thursday the two countries signed five memorandums of understanding, including a mineral resources cooperation document aimed at deepening cooperation in the lithium and copper supply chains.Lee Jae-myung stated that the two countries are "natural and ideal partners" in the field of critical minerals. He pointed out that Chile is the world's largest copper producer and possesses the world's largest lithium reserves, while South Korea has global leading advantages in high-end industries such as semiconductors and power batteries.This mineral cooperation agreement elevates bilateral relevant cooperation to the ministerial level, and plans to expand entire industry chain cooperation for core resources such as lithium and copper, covering information sharing, technology cooperation, and personnel exchanges.

Chile's National Institute of Statistics (INE) said on Friday that copper production in the world's largest producer, Chile, was up 5.1% YoY to 447,294 mt in June.

[SMM Express] Zimbabwe's mineral export earnings jumped 84.7% in H1 2026 to US$2.532 billion, up from US$1.376 billion a year earlier, according to Minerals Marketing Corporation of Zimbabwe data. The surge was led by PGM matte, spodumene concentrate and PGM concentrates, which together accounted for over 74% of earnings — a marked departure from previous years when gold and raw chrome dominated the export mix. Within that shift, ferrochrome was singled out as one of the processed products "steadily supplanting raw mineral exports," alongside refined steel, polished granite and lithium sulphate. MMCZ's General Manager framed the change as evidence of beneficiation policy taking hold, with processed chrome product gradually displacing unprocessed ore in Zimbabwe's export basket. Industry stakeholders have also called for tighter mineral-tracking systems to guard against smuggling and transfer-pricing risk as the value of processed mineral exports rises.

OpenRouter previously disclosed that the global market share of Chinese models had overall surpassed that of US models by early June. As of July 26, Chinese models held approximately 63.5% of the market over the past 28 days, while US models held only 35.5%, accounting for two-thirds of the global market, with the gap further widening.

Jiang Yi, Director of the Policy Research Office and spokesperson of the National Development and Reform Commission (NDRC), pointed out at a press conference that, according to estimates by relevant institutions, computing power network construction during the 15th Five-Year Plan period will lead to new direct investment of 4 trillion yuan. Considering that computing power construction is mainly driven by enterprise investment, this will create huge room for private investment. We will strengthen planning guidance and factor support to create a favourable environment for private investment.

According to the SMM survey, in July 2026, the operating rate of mainstream domestic wire and cable enterprises reached 69.82%, down 2.4 percentage points MoM and 2.79 percentage points YoY. Pressured by both copper prices consolidating at highs and the downstream entering the traditional consumption off-season, new orders weakened, leading to a pullback in production loads.

According to the SMM survey, in July 2026, the overall operating rate of China's wire and cable enterprises was 69.82%. Among them, the operating rate for large enterprises was 75.13%, for medium-sized enterprises was 47.75%, and for small enterprises was 46.93%.

According to the SMM survey, in July 2026, raw material inventories of China’s wire and cable enterprises decreased by 0.45% MoM to 22.54%, while finished product inventories increased by 1.23% MoM to 18.98%.

According to the SMM survey, the operating rate of major domestic wire and cable enterprises in August 2026 is expected to be 68.64%, down 1.17 percentage points MoM and 3.78 percentage points YoY.

After the closing bell on Thursday in the Eastern Time zone, Amazon raised its full-year capital expenditure forecast to $220 billion. The company's CEO, Andy Jassy, said during an investor conference call that even at this investment level, "computing power supply in 2026 will still be unable to fully meet all customer demands. We expect a similar supply gap in 2027. In fact, the scale of computing power orders already locked in by customers for 2028 is already quite staggering."