The UK government aims to strengthen cyber security regulations for its electricity and gas sectors following a recent attack on energy infrastructure in Poland. Highlighting the energy system as an 'attractive target' for adversaries, the government has launched an industry consultation on applying baseline cyber requirements—such as firewalls, access controls, and patch management—to all licensed energy organizations. Additionally, the thresholds for compliance with the stringent 2018 Network and Information System ('NIS') Regulations may be adjusted to cover a broader range of entities, including generators over 2 GW capacity. If expanded, more organizations will face increased compliance and security spending. Stakeholders have until May 22, 2026, to submit their views.

The gold price is currently causing nervousness once again. Since the start of the war involving the USA and Israel against Iran, the precious metal has recorded a daily loss of 4% for the second time.

During the "14th Five-Year Plan" period, the steel industry continued to deepen supply-side structural reforms, persistently advanced capacity governance, and achieved a cumulative reduction in production exceeding 100 million mt. Recently, at the 13th Member Congress of the China Iron and Steel Association (CISA), CISA Chairman Zhao Minge made the above statement. He pointed out that during the "15th Five-Year Plan" period, the industry's capacity governance efforts will focus on "controlling increments, optimizing stock, promoting mergers and reorganizations, and facilitating exits," adhering to market-oriented and rule-of-law principles, strictly blocking new capacity additions, smoothing exit channels for outdated capacity......

On December 26, 2025, China Merchants Shipbuilding Industry Nanjing Shipyard successfully launched the second 25,900 DWT stainless steel chemical tanker (Vessel 25900-4) for SC Shipping. This milestone follows the delivery of the first vessel of the same class, "SC EMERALD," on December 20. It demonstrates the shipyard's rapid operational recovery and efficiency, achieving "restructuring, production, and delivery in the same year" after completing its reorganization from the former Nanjing Dongze Shipbuilding in November.

On June 13, the National Enterprise Bankruptcy Reorganization Case Information Network revealed updated information on the bankruptcy review case of Hozon New Energy Automobile Co., Ltd., an affiliated company of Neta Auto. A new administrator institution, Zhejiang Zicheng Law Firm, and the main person in charge of the administrator were added. On the evening of June 12, a "Neta Auto Reorganization Statement" circulated online, claiming that the parent company, Hozon New Energy Automobile, had entered the reorganization process. On June 13, a relevant person in charge of Neta Auto responded, stating that the content was not officially released and was merely one of the company's formulated disposal plans, not the final one. The person in charge disclosed that as early as the end of May to the beginning of June, the company had already formulated the next disposal plan, which was originally scheduled to be released before the month-end, but due to intensified conflicts with resigned employees, the plan might be adjusted.

[SMM News] Nine subsidiaries of a PV state-owned enterprise have applied for bankruptcy liquidation! On June 4, according to the National Enterprise Bankruptcy Reorganization Case Information Network, Dongying PV New Energy Development Co., Ltd. was applied for bankruptcy by the administrator of Dongying PV Solar Energy Co., Ltd. to the Dongying Intermediate People's Court of Shandong Province.