Tin prices surge
Driven by artificial intelligence industry demand, tin prices have jumped 40% over the past six months to 420,000 yuan per ton. Industry estimates suggest global and domestic tin reserves will last about 15 and 12 years, respectively, at current mining rates, likely keeping prices elevated.
Hormuz blockade threat
An Iranian official said that Israel must immediately halt military operations in Lebanon and Gaza, warning they will not hold negotiations until these demands are met. Iran and the Resistance Front plan to completely blockade the Strait of Hormuz.
NEWS SUMMARY
China implemented new trade secret protection regulations, adding data and algorithms to the protection scope for the first time.
ByteDance’s AI chatbot Doubao is expected to start charging users in late June as it gradually advances commercialization.
Seres will launch a new vehicle brand in collaboration with ByteDance.
Ant Group invested in TransFuture Aviation, a developer of passenger-carrying electric vertical takeoff and landing aircraft.
Contact editor Lin Jinbing (jinbinglin@caixin.com)
