Frederic Carencotte, CEO of Carester and expert in the rare earths industry, speaks during a press conference at the French Embassy in Kuala Lumpur on July 6, 2026. (Photo by Mohd Rasfan / AFP via Getty Images)

Frederic Carencotte, CEO of Carester and expert in the rare earths industry, speaks during a press conference at the French Embassy in Kuala Lumpur on July 6, 2026. (Photo by Mohd Rasfan / AFP via Getty Images)

This photo taken on July 1, 2026 shows the sun shining on high-rise buildings in the Central business district of Hong Kong. (Photo by Peter PARKS / AFP via Getty Images)

A cargo ship sails out of the port in Qingdao, in China's eastern Shandong province on July 5, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

A cargo ship sails out of the port in Qingdao, in China's eastern Shandong province on July 5, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

A balloon vendor sits outside a Korean-themed retail outlet in Bengaluru on July 5, 2026. (Photo by Idrees MOHAMMED / AFP via Getty Images)

People eat at the Korean-inspired popular street food chain Koreyaki restaurant in Bengaluru on July 5, 2026. (Photo by Idrees MOHAMMED / AFP via Getty Images)

(FILES) The logo of the Organization of Petroleum Exporting Countries (OPEC) is seen at its headquarters in Vienna on June 3, 2023. OPEC+ ministers decided on July 5, 2026 to increase oil quotas by a total of 188,000 barrels per day for August, a similar increase to others agreed in recent months, the organisation announced. Ministers from Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman held virtual talks and "decided to implement a production adjustment of 188 thousand barrels per day," an OPEC statement said, adding that "this adjustment will be implemented in August 2026". (Photo by JOE KLAMAR / AFP via Getty Images)