Brent Crude Down Near 0.7% at About US$98.70 and NY Crude Down 2.25% at US$96.85

SK hynix to Build KRW19 Trillion Advanced Packaging Facility to Meet AI Memory Demand

SK hynix (KRX:000660) plans to build P&T7, an advanced packaging fab in the Technopolis Industrial Complex in Cheongju to meet global demand for AI memory, the South Korean semiconductor firm said in a Wednesday filing with the Korea Exchange.The company will invest about 19 trillion won for factory construction and production facility setup, the filing said.

Metro Q2 Sales of $5,113.0M, up 4.1%

Paladin Energy Posts Higher Fiscal Q3 Uranium Production YoY

Paladin Energy (PDN.TO) on Wednesday reported a year-over-year increase in fiscal third-quarter uranium production, citing strong processing plant performance.From the Langer Heinrich Mine in Namibia, the company produced 1.29 million pounds of U3O8, up from 745,484 pounds in the year-ago quarter.Sales of U3O8 came in at 1.03 Mlb, up from 872,435 lb. Average realized price was US$68.3/lb, down from $69.9/lb.The company increased its production guidance range for fiscal 2026 to a range of 4.5 Mlb and 4.8 Mlb of U3O8, citing strong year-to-date performance.Paladin had cash and investments of $219.5 million and an undrawn revolving credit facility of $70 million as of quarter-end.