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11:32
TrendForce: This year is expected to be a key validation period for TSMC’s CoPoS equipment and materials, with glass substrates likely to enter mass production after 2030.
```htmlGolden Ten Data reported on June 17 that TrendForce's latest report indicates that TSMC is currently focused on CoPoS and targeting a substrate size of 310×310 mm. 2026 is expected to be a critical validation period for related equipment and material suppliers, with pilot production starting in 2027 and official mass production in the second half of 2028. In addition, TSMC's next stage of planning is expected to shift toward glass substrates, with mass production potentially commencing after 2030.```
11:30
The 30-year US mortgage rate remains steady at 6.60% as home purchase applications fall by 3.4%
(1) As of the week ending June 12, 2026, the US 30-year fixed mortgage rate (for loan amounts of $806,500 or less) remained steady at 6.60%, close to the nine-month high of 6.65% reached in May. Mortgage rates have been closely tracking Treasury yields, as an energy shock triggered by Middle East conflicts led investors to abandon expectations of a Fed rate cut, instead anticipating a possible rate hike by the end of the year. (2) Meanwhile, mortgage applications decreased by 3.8%, resuming a downward trend after a brief surge of 10.8% in the previous week. Refinancing applications declined by 4.5%, and home purchase mortgage applications dropped by 3.4%.
11:28
Zimbabwe approves the construction of a second gold refinery
```htmlGolden Ten Data reported on June 17 that as Zimbabwe's gold production continues to grow, the country has approved the construction of a second gold refinery for the purchase and processing of gold. Government officials stated that this refinery will be located in Bulawayo, the country's second largest city, and is expected to be operational next year. Currently, all gold in Zimbabwe is sold through the state-owned Fidelity Gold Refinery, but the officials said that starting next year, the refinery may be unable to handle the nationwide gold output. Zimbabwe plans to reach 50 tons of gold production in 2026, higher than last year's record 46.7 tons.```
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