According to Japan's Yomiuri Shimbun, since sodium-ion batteries are considered one of the next generation energy storage batteries, a group of 14 universities, companies and research institutions in Japan announced that they will join forces to promote the large-scale production and commercial application of sodium-ion batteries. Since sodium-ion batteries do not use rare metals and Japan has limited access to key mineral resources, the domestic market has high hopes for the development of this mass production technology. According to Tokyo University of Science, Sodium-ion battery technology has now been proven at the laboratory level. This project is expected to push this technology into practical application. The group will invest a budget of approximately 760 million yen to develop mass production technology for stationary energy storage batteries used by energy companies. It is said that 1 out of every 4 new cars currently sold globally is an electric car. This trend is driving demand for energy storage batteries. Competition among countries in the research and development of energy storage batteries to reduce costs, extend cruising range and improve safety is heating up. In Japan, all-solid-state lithium-ion batteries with excellent safety and energy density are developed. It is considered to be approaching the commercial application stage. In contrast, Japan has not yet achieved mass production of sodium-ion batteries. However, it is said that sodium-ion batteries can share production lines with ternary lithium-ion batteries due to the similar mass production processes of the two batteries. Therefore, once mass production technology is established, the popularity of sodium-ion batteries is likely to advance rapidly.

“It’s clear that the Strait of Hormuz and the situation around it are going to become more complex,” said Zayden Alkinani, founding director of the Arab Perspectives Institute. “I think Iran is trying to strengthen its sovereignty around the strait — to gain more that it didn’t have before the war. Sovereignty. The United States not only hopes to curb this expansion, but also seeks to easily penetrate its influence further into the Strait of Hormuz." He added that both the United States and Iran have ignored the economic and trade situation around the Strait of Hormuz and instead focused on their respective military influence. “The United States intends to ensure that Any challenge to its presence in the Strait of Hormuz will eventually evolve into a direct security threat to Iran. This is a clear military strategy: to ensure that the conflict or dispute is not limited to the narrow area of ​​​​the Strait of Hormuz, but also puts the Iranian state itself at direct security risk. "

IEA monthly report: OPEC+ daily production is expected to increase by 5.3 million barrels in 2027.

HSI closed up 144.94 points, or 0.6%, at 24175.12 points on July 10 (Friday);Hong Kong's Hang Seng Technology Index closed down 9.9 points, or 0.21%, at 4721.66 points on July 10 (Friday); The state-owned enterprise index closed up 41.9 points, or 0.52%, at 8039.19 points on July 10 (Friday);The red chip index closed at 3851.04 points, up 26.93 points, or 0.7%, on July 10 (Friday).

Escalating hostilities between the United States and Iran are clouding the outlook and could disrupt the International Energy Agency's (IEA) forecast of an oversupplied oil market in 2027.

IEA monthly report: Non-OPEC production is expected to increase by 2.2 million barrels per day in 2027.