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Industry

Hanwha Solutions Q1 operating profit up 205 percent to 92.6 billion won

Hanwha Solutions said first-quarter operating profit rose 205.5 percent from a year earlier to 92.6 billion won, while revenue increased 25.5 percent to 3.88 trillion won on a consolidated basis. It marked a return to operating profit for the first time in three quarters since the second quarter of 2025. The company said U.S. solar customs delays eased, plant operations normalised and profitability improved across renewable energy, chemicals and advanced materials.

AI & Enterprise

Meta to tap space solar power to secure round-the-clock electricity for data centres

Meta will invest in space-based solar power transmission technology to secure night-time electricity for its data centres. It signed a power capacity reservation agreement of up to 1 gigawatt with startup Overview Energy, its first major demand contract. Meta data centres used more than 18,000 gigawatt hours of electricity in 2024. Overview Energy plans to collect solar energy via satellites and send it as near-infrared beams to ground solar plants.

Finance

Silver extends gains over gold, putting precious metals leadership to the test

Silver has risen more strongly than gold so far this month, tilting leadership in the precious metals market toward silver. Data cited by BeInCrypto show silver up 15.47 percent against gold’s 6 percent. Indicators including the gold-silver ratio, options positioning and chart patterns are seen favoring silver. Gold still has support from central bank holdings and buying, which is seen limiting downside rather than driving further gains.