[SMM Stainless Steel Flash] Outokumpu's Kemi Mine Advances Circular Economy with ~$324 Million Investment

On June 18, Pan Gongsheng, Governor of the People’s Bank of China, met with Indonesian Finance Minister Sadewa Purbaya Yudi.

U.S.-Iran negotiations in Switzerland collapsed, causing oil prices to jump 2%. The trigger was that last Sunday’s U.S.-Iran talks in Switzerland lasted only 1.5 hours before being suspended — during the negotiations, Trump issued a threat of "more forceful strikes," prompting the Iranian delegation to walk out and protest on the spot. Iran has announced the closure of the Strait of Hormuz, and the U.S. side has threatened to "take over the shipping lanes," sharply escalating geopolitical risks in the Middle East.

Around 40 major German corporations including ArcelorMittal, ThyssenKrupp, and BASF have written to EU leadership calling for a fundamental rethink of climate policy, arguing that EU ETS carbon costs of around EUR 80/tonne are undermining European competitiveness while non-European rivals face little or no equivalent burden. Bavaria's Economy Minister Aiwanger called on the Commission to immediately suspend — and ideally abolish — the EU ETS. Critics note, however, that the same corporations have cumulatively received nearly EUR 464 billion in free ETS certificates since 2005, representing hidden subsidies never available to SMEs, who nonetheless help fund them. The EU Commission plans to present proposals for reorganizing emissions trading next month.