AGP Executive Report
Last update: 6 hours agoIndia EV Momentum: India’s retail EV sales hit a new high in June at 306,027 units (+63% YoY), led by record electric 2Ws (193,663; +75% YoY) and strong e-PV growth (31,358; +106% YoY), signaling demand shifting beyond metros. Gold Outlook: Gold rebounded for the first weekly gain since May, up ~3.1% on softer US jobs data and easing rate-hike expectations; the World Gold Council sees H2 2026 range trading around $4,100/oz with upside to $4,500–$5,000 if risks worsen. Memory Chips: Samsung is reportedly planning a ~20% DRAM price hike in Q3 as AI server demand and tight supply keep pressure on chip pricing. Critical Minerals & Copper: KGHM launched its “KGHM 2.0” $8.55B expansion to boost EU copper output and cut reliance on third-party supply, aligning with the EU Critical Raw Materials push. Weather Disruption (Mumbai): IMD red alert for Mumbai-MMR brought school/college closures and road shutdowns amid very heavy rainfall and waterlogging. Oil & Shipping: Persian Gulf flows are recovering, pushing oil toward a surplus narrative and reviving forecasts of potential downside toward ~$60/bbl.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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