The 2025 2nd SMM Southeast Asia Automotive Supply Chain Conference was successfully held, featuring the on-site launch of 10 new car models, Southeast Asia brand strategies from three automakers, and SMM Thailand local steel prices. The event facilitated efficient matchmaking between 12+ buyers and 60+ suppliers, preliminarily establishing a communication platform for the entire industry chain of Southeast Asian automotive. Currently, the Southeast Asian NEV industry is entering a critical development phase, with Thailand, Indonesia, and Vietnam each making their own strategic deployments and breakthroughs, while the industry also faces challenges such as supply chain restructuring, competition among technology routes, and localization compliance. Thanks to the support from all parties, SMM's Thailand and Indonesia local pricing systems have been implemented and adopted by core enterprises, establishing a credible cost benchmark for the industry. The 2026 3rd Conference will focus on three core themes: exploring the NEV auto sales potential in Southeast Asia; connecting the last mile of the supply chain and integrating regional industry chain resources; and advancing SMM Southeast Asia metal pricing from a price reference to a transaction benchmark, implementing procurement applications for electrification materials and establishing an executable pricing system. We firmly believe that true progress comes from turning consensus into action. At this conference, BEST sincerely invites you to gather again in Bangkok, to jointly transform strategic blueprints into market competitive advantages, to witness and participate in this extraordinary and far-reaching industry event, and to co-create a brilliant new chapter! Click the to register now. Booth No.: B04 BEST (300580), founded in 1997, is a national-level high-tech enterprise. With total corporate assets exceeding 3.9 billion yuan and more than 2,000 employees, it stands as a leading enterprise in the field of intelligent precision manufacturing. Wuxi Best Precision Machinery Co., Ltd. (Stock Code: 300580), founded in 1997, is a national-level high-tech enterprise. With corporate total assets exceeding 3.9 billion yuan and more than 2,000 employees, standing as a leading enterprise in the field of intelligent precision manufacturing. With nearly 30 years of in-depth dedication to precision intelligent manufacturing, BEST has established three key business segments: First, R&D and manufacturing of precision parts, intelligent equipment, and tooling fixtures; Second, core components for NEVs, hydrogen fuel cells, energy storage systems, and liquid cooling systems of computing power centers; Third, linear motion functional components for industrial machine tools, humanoid robots, and other industries, fully covering core high-end manufacturing tracks. With nearly 30 years of in-depth dedication to precision intelligent manufacturing, Wuxi Best have established three key business segments: first, the R&D and manufacturing of precision components, intelligent equipment and tooling fixtures; second, key parts for new energy vehicles, hydrogen fuel cells, energy storage systems and liquid cooling systems of computing power centers; third, linear motion functional components for industrial machine tools, humanoid robots and other industries, fully covering core high-end manufacturing tracks. The company has established three modern production sites in Wuxi, Anhui, and Thailand. Leveraging the coordinated development of four major industry chain sectors—tooling, casting, precision processing, and intelligent manufacturing—it has built competitive advantages across the entire industry chain, with annual revenue exceeding 1.5 billion yuan. Its clients span the globe, including renowned enterprises such as Garrett, Cummins, and BMW. In 2024, BEST invested and established BYH New Technology Co., Ltd. in Amata City Industrial Estate, Chon Buri, Thailand, covering an area of 80,000 m², with a focus on high-end casting and precision processing to accelerate its expansion outside China. The company has built three modern production bases in Wuxi, Anhui and Thailand. Supported by the coordinated development of four major industrial sectors including tooling, casting, precision processing and intelligent manufacturing, it has formed full-industry-chain competitive advantages with annual operating revenue exceeding 1.5 billion yuan. Its global clients include renowned enterprises such as Garrett, Cummins and BMW. In 2024, Best invested and established BYH New Technology Co., Ltd. in Amata City Industrial Estate, Chon Buri, Thailand. Covering an area of 80,000 square meters, the subsidiary focuses on high-end casting and precision processing to accelerate overseas business expansion. Main Products Adhering to the philosophy of precision craftsmanship and intelligent manufacturing, and backed by mature processes, stringent quality control, and intelligent production lines, the company offers customized products and integrated intelligent manufacturing solutions. We sincerely invite global clients to discuss cooperation for mutual development! Adhering to the philosophy of exquisite craftsmanship and intelligent manufacturing, the company provides customized products and integrated intelligent manufacturing solutions backed by mature technologies, strict quality control and intelligent production lines. We sincerely welcome global business partners to discuss cooperation and seek win-win development! Contact Information Contact Contact Us Yan Caowei 15618581967

Spot market, this week (May 18–22, 2026), spot lead prices were in the doldrums from the beginning to mid-week, with the price center continuing to shift downward. Spot lead prices fluctuated higher in the latter half of mid-week. Downstream buyers mainly made just-in-time procurement and digested existing inventories, and overall spot trading activity was moderate. Regional side, Henan smelters primarily fulfilled long-term contracts, with spot quotation ranges fluctuating and futures discount ranges gradually narrowing. In Hunan, willingness to sell among market participants diverged, with spot orders largely trading at parity with the average price and only sporadic just-in-time procurement transactions. Smelters in Jiangxi and Anhui quoted at premiums of +120-150 yuan/mt ex-works against the SMM #1 lead average price, with some cargoes seeing moderate transactions. Guangdong smelters previously quoted at premiums mostly in the 150-200 yuan/mt range, but due to insufficient finished product inventories, their overall willingness to sell remained cautious.

The year 2026 marks the opening year of the "15th Five-Year Plan." Against the backdrop of intensifying global macro volatility and the deepening advancement of high-quality development in China, the zinc industry is undergoing profound transformation: tightness on the ore side and the release of smelting capacity are creating structural tension, divergence in domestic and overseas inventory reflects the complex dynamics of supply and demand rebalancing, and technological innovation is becoming a key driving force for resolving contradictions and reshaping the landscape. Key areas under the "15th Five-Year Plan" such as new energy and new-type infrastructure are injecting fresh momentum into traditional zinc consumption, while green, low-carbon, and circular economy initiatives are also accelerating the restructuring of industrial logic driven by technological innovation. With the joint support of upstream and downstream enterprises in the zinc industry, industry associations, and all relevant parties, SMM is about to hold the 2026 SMM Zinc Industry Conference & the 8th Hot-Dip Galvanizing Industry Development and Technological Innovation Forum, & the 14th Zinc Salt, Zinc Oxide and Zinc Secondary Resources Development Forum, & the Zinc-Based Materials Development Forum on August 6–8 in Qingdao, Shandong. Themed "Converging Zinc Momentum · Building Zinc Industry · Embarking on a New Journey," the conference is driven by the dual engines of macro perspectives and fundamental analysis, closely aligned with the main thread of high-quality development under the "15th Five-Year Plan," and focused on four key dimensions: macro policies, supply-demand patterns, global trade, and technological innovation. It aims to drive cost reduction and efficiency improvement through technological breakthroughs, respond to market fluctuations through collaborative innovation, and jointly chart a new blueprint for the high-quality and sustainable development of the zinc industry. Chongqing Weiyi Electric Power Co., Ltd. will grandly attend this event, joining industry peers to explore industry development trends and work together to propel the zinc industry to new heights. Click the to register now, and together witness and participate in this extraordinary and far-reaching industry event, co-creating a brilliant new chapter! A Brilliant Launch Located in the shining pearl of Chongqing Liangjiang New Area — the Caijia District of the China (Chongqing) Pilot Free Trade Zone, Chongqing Weiyi Electric Power Co., Ltd. was wholly founded by Mr. Wang Zhongcheng with an investment of 20 million yuan, meticulously built with craftsmanship, and steadfastly dedicated to the electric power industry, striving to become a brilliant rising star in this field. Core Business, Leading the Future The company's business scope is extensive, covering diversified areas including power supply, high-end electrical equipment, environmental protection and energy-saving equipment, non-ferrous metals, metal products, electrical products, office supplies, and labor protection supplies, precisely aligning with every segment of nationally licensed operations. We are not merely operating products; we are contributing to the electrical safety and sustainable development of modern society. Outstanding Quality, Integrity as Foundation Since its establishment, Chongqing Weiyi Electric Power Co., Ltd. has consistently upheld the business philosophy of "outstanding quality forges brilliance, integrity wins the future." With the vision of building an industry benchmark, the company has earned widespread acclaim and high recognition from all sectors of society in the hot-dip galvanizing industry and trade sector. We fully understand that every collaboration is an entrustment of trust, and every product is a conveyance of responsibility. Professional Agency, Service First In the field of wires and cables, we have partnered with top producers in and outside China, and with outstanding product quality, meticulous after-sales service, and efficient logistics delivery, we have won the favour and trust of multiple major projects, including Chongqing Shapingba Fenghuang Plaza, Chongqing International Airport, Changan Jinxiu City, and Chongqing Expressway Service Areas. The laying of every cable bears witness to our relentless pursuit of quality and our ultimate commitment to service. Non-ferrous Metals, Win-Win Cooperation In the field of non-ferrous metal sales, we have established long-term and stable cooperative relationships with well-known enterprises in and outside China, such as Chongqing Yuhuang Electric Power Equipment Manufacturing Co., Ltd. and Chongqing Shuntai Steel Tower Manufacturing Co., Ltd., and have successfully joined hands with industry leaders including Anhui Hongyuan Steel Tower Co., Ltd., Jiangsu Huadian Steel Tower Manufacturing Co., Ltd., Zhejiang Shengda Steel Tower Manufacturing Co., Ltd., and Jiangsu Zhenguang Steel Tower Manufacturing Co., Ltd., jointly writing a brilliant chapter of win-win cooperation. Every collaboration is the best proof of Weiyi Electric Power's strength and credibility. New Energy Exploration, Innovation-Driven Looking to the future, Chongqing Weiyi Electric Power Co., Ltd. is actively engaging in the vast field of new energy, focusing on cutting-edge areas such as PV and energy storage, and has submitted multiple patent applications to the National Patent Office, leading the enterprise's future development through technological innovation. We firmly believe that only through continuous exploration and breakthroughs can we inject more green momentum and unlimited possibilities into the power industry. Fulfilling Social Responsibility and Demonstrating Corporate Commitment Under the leadership of the Beibei District Federation of Industry and Commerce and the unified arrangement of the Caijia Chamber of Commerce, the company actively participated in visits to enterprises in difficulty. In 2024, the company engaged in targeted poverty alleviation in Xiushan County, Chongqing, which was paired with Beibei District, purchasing agricultural and specialty products from Xiushan County to support the development of Xiushan. Moving Forward Together, Creating Brilliance Together "High quality, high efficiency" is our relentless pursuit; "hand in hand, moving forward with you" is our sincere wish; "100% qualified products in exchange for your 100% satisfaction" is our solemn commitment to every client. We warmly welcome guests from all directions to visit us for field trips and business negotiations. Let us join hands and create an even more brilliant tomorrow for the power industry! ◆ Contact Information ◆ Wang Zhongcheng 13500344411 Long Press to Scan the Code and Register Now 2026 SMM Zinc Industry Conference

SMM News, May 22: From May 15 to May 21, 2026, SMM data showed that the weekly operating rate of secondary lead in four provinces in China was 27.62%, up 1.49 percentage points WoW. In Henan, production lines under maintenance resumed production, with the regional operating rate rising 5.9 percentage points. In Jiangsu, raw material shortages led smelters to cut production, with the operating rate pulling back 1.54 percentage points. Production in Anhui and Inner Mongolia remained stable. No production adjustment plans are scheduled across regions next week, and the operating rate is highly likely to remain stable. Meanwhile, attention should be paid to the pace of production resumptions following environmental protection-related controls in Guangdong, as well as the production ramp-up pace of smelters resuming production in Jiangxi.

[SMM Analysis] Regional price gaps stay high. Why have the high-price and low-price regions of sulfuric acid shifted?

SMM May 18: Dealers in Zhejiang reported that end-use consumption in the e-bike lead-acid battery market remained sluggish, with retailers purchasing cautiously and restocking cycles extending to over half a month. Currently, battery wholesale market selling prices remained unchanged, with the main model 48V12Ah at 300 yuan/set. Manufacturers in Jiangsu reported that the off-season trend in the e-bike lead-acid battery market intensified, with May orders continuing to weaken. To ease inventory pressure, factory operating rates had been reduced to 70%, and raw material lead was purchased as needed only. Manufacturers in Anhui reported that replacement demand in the e-bike lead-acid battery market was poor, while OEM orders for complete vehicles were moderate. Currently, factory operating rates were maintained at 80-90%. Additionally, as lead ingot supply was tight, procurement extended to surrounding provinces, with primary lead accounting for the majority.