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Nvidia CEO Huang compares
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President Trump's new national security strategy does not mention cryptocurrencies or blockchain, despite previous efforts to position the U.S. as a global crypto hub. The plan emphasizes AI and quantum computing as key national priorities, stating that the U.S. aims to secure leadership in technologies and standards related to AI, biotechnology, and quantum computing.
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Nornickel restarts cobalt production at Monchegorsk plant following renovations, aiming to increase output of the metal. The expansion is anticipated to enhance company revenues and bolster budget contributions. More details are available in the release.
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Russian steel prices may not rise until 2028, according to Kommersant. Hot-rolled coil prices at Russian ports are expected to stay near current levels if global steel demand remains sluggish. The market's recovery hinges on resolving China’s construction sector downturn and boosting demand for imported metals in India and the Middle East.
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European Commission identifies legal clause in EU treaties that permits indefinite blocking of Russian assets, circumventing Hungary's veto. This loophole enables EU members to avoid frequent votes on extending the freeze on Russian assets. — FT
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U.S. President Donald Trump indicated that Russia is open to a peace plan, which he said also appeals to Ukrainians. However, he expressed doubt over whether Ukrainian President Volodymyr Zelensky finds the proposal satisfactory, noting that Zelensky has not reviewed it.
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