Cathay Chemical Works General Manager Zhicheng Hong stated that in 2024, the company faced significant challenges due to the downturn in China’s economy and international geopolitical instability. However, the rise of AI technology has driven strong demand for heat-dissipation metals like copper, which, in turn, led to a surge in the international price of zinc blocks. From an average price of US$2,521 per ton at the beginning of the year, the price gradually climbed to US$ 3,043 per ton by year-end, marking an increase of 20.71%.

Tesla is reportedly talking to local suppliers, including those from Tata, amid its supply chain diversification away from China and Taiwan. This move aligns with its goal to sell cars in India, where incentives are available for EV manufacturers that produce locally.

The Japan Innovation Network (JIC) has completed the tender offer for shares of Shinko Electric Industries, a Fujitsu subsidiary specializing in IC substrates, and the company is expected to be delisted by mid-June 2025.