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(1) The London Metal Exchange benchmark copper contract CMCU3 rose 0.5% on Monday to $13,767 per ton, as the US and Iran reached a framework agreement to end the conflict and reopen the Strait of Hormuz, easing concerns over energy-driven inflation and pressing down the US dollar. (2) Shares of global mining giants listed in the US rose accordingly, with Rio Tinto up 1% and BHP up 1.2%. (3) Copper miners Southern Copper and Freeport-McMoRan each gained 3.8%, showing a stronger performance. (4) Canadian miners led the gains, with Hudbay Minerals soaring 4.8%, Ero Copper rising 3.2%, and Teck Resources up 4%.

⑴ Capital Economics stated on Monday that although the temporary peace agreement between the US and Iran is fragile, it will reduce the risk of more serious macroeconomic and market scenarios in the coming months. Chief Economist Neil Shearing noted that it will take time for oil supplies to return to normal. ⑵ Oil tankers are not yet in position, and production and refining facilities have not resumed full operations, so the flow of oil through the Strait of Hormuz cannot immediately return to pre-war levels. ⑶ The agreement will not prevent a short-term rise in inflation, nor will it keep global economic growth in the third quarter from being hit. The global economy may experience a period of growth below trend in the third quarter, rather than fall into recession. ⑷ Capital Economics added that by the end of 2026 or 2027, GDP growth outside the Gulf states should return to the pre-war level of 3%.

Glonghui, June 15 | Global compound semiconductor wafer products and advanced material solutions provider IQE plc and high-value analog semiconductor foundry Tower Semiconductor jointly announced today that the two parties have signed a multi-year Indium Phosphide (InP) epiwafer supply agreement. This collaboration aims to strengthen the two companies’ technical footprints in the fields of optoelectronics and high-frequency communications, integrating IQE’s materials expertise with Tower’s wafer foundry manufacturing capabilities to jointly meet the growing market demand for advanced semiconductor solutions.The core of the cooperation between IQE and Tower focuses on the wide application of Indium Phosphide (InP) materials. As a key compound semiconductor material, InP possesses excellent electron mobility and optical properties; it is an indispensable foundation for manufacturing high-speed optical fiber communication components, laser diodes, and photodetectors. Through the signing of this multi-year supply agreement, IQE will become Tower’s important strategic supplier in the field of InP epiwafers, ensuring that Tower has a stable and high-quality source of materials for producing high-performance optoelectronic components, and further enhancing its competitiveness in the market.With the rapid evolution of global data centers, 5G communications infrastructure, and artificial intelligence technology, the demand for high bandwidth and low-latency transmission is experiencing explosive growth. The collaboration between the two companies is more than a simple supply chain integration—it also symbolizes their deep technical cooperation in research and development. IQE will leverage its leading position in epiwafer technology to provide Tower with customized Indium Phosphide solutions, helping Tower’s customers achieve more efficient chip designs for optical communications and sensing applications, and further consolidating both companies’ critical positions within the semiconductor supply chain.