[The market expects that by 2030, new-type cloud providers will account for 20% of the AI cloud market.]

This week, the ferrous metals sector rebounded slightly overall, with divergence among products: iron ore and hot-rolled coil/rebar performed relatively strong, while coke was relatively weak. Early in the week, affected by sluggish end-use consumption in the off-season and continued pressure on steel mill profits, futures for all products consolidated and weakened; mid-week, driven by the combined effects of rumors of a BHP worker strike, the repeated US-Iran geopolitical conflicts, and rising expectations of environmental protection-driven production restrictions in Tangshan, iron ore and hot-rolled coil/rebar spot and futures prices saw a period of stabilization and rebound. However, from a fundamental perspective, the off-season characteristics on the demand side remained......

On July 17, at the 2026 World AI Conference and High-Level Meeting on AI Global Governance held in Shanghai, the Global AI Innovation Index Report 2026 was released. Regarding global AI development trends, the report shows that: AI infrastructure continues to expand, and energy supply becomes a new variable for future development; the focus of large model industrialisation is shifting from general to vertical, from training to inference, and from single-point technology application to full business process reengineering, with enterprises showing significant heavy asset investment characteristics; global AI governance faces urgent demands, and China promotes global governance and inclusive cooperation in multiple dimensions.