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's local steel prices in Thailand. The event facilitated efficient matchmaking between 12+ buyers and 60+ suppliers, and preliminarily established a communication platform for the entire industry chain of Southeast Asian automotive. Currently, the NEV industry in Southeast Asia is entering a critical development phase. Thailand, Indonesia, and Vietnam each have their own strategic layouts and breakthroughs, while the industry also faces challenges such as supply chain restructuring, competition over technology roadmaps, and localization compliance. Thanks to the support of all parties, SMM's local pricing systems in Thailand and Indonesia 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's Southeast Asia metal pricing from a price reference to a transaction benchmark, implementing electrification material procurement applications, and establishing an executable pricing system. We firmly believe that true progress comes from turning consensus into action. At this conference, BEST cordially invites you to gather again in Bangkok to 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 was established in 1997 and listed on the ChiNext Board of the Shenzhen Stock Exchange in 2017. As a national high-tech enterprise with 1,400 employees, it has been deeply engaged in the precision manufacturing field for nearly 30 years. Its three core businesses include: precision parts for traditional automobiles, high-end tooling and fixtures, and intelligent equipment; core components for NEVs, hydrogen fuel cells, energy storage, and liquid cooling for computing centers; and high-precision linear motion functional components for industrial machine tools and humanoid robots. Wuxi Best Precision Machinery Co., Ltd., established in 1997 and listed on the Shenzhen in 2017, is a national high-tech enterprise with 1,400 employees. It has been deeply involved in the precision manufacturing field for nearly 30 years. Its main businesses include three core areas: precision parts for traditional automobiles, high-end tooling and fixtures, and intelligent equipment; core components for new energy vehicles, hydrogen fuel cells, energy storage, and liquid cooling for computing centers; and high-precision linear motion functional components for industrial machine tools and humanoid robots. The company has three major production sites in Wuxi, Anhui, and Thailand, achieving large-scale R&D and mass production. It possesses a fully vertical industry chain encompassing mold making, casting, and machining, with annual revenue exceeding 1.5 billion yuan. Its clients include globally renowned enterprises such as Garrett, Cummins, and BMW. In 2024, it established BYH New Technology Co., Ltd. in the AMATA Industrial Park (Phase II) in Chonburi, Thailand, covering an area of 80,000 m², specializing in precision casting and machining. The company has three major production sites in Wuxi, Anhui, and Thailand, achieving large-scale R&D and mass production. It possesses a fully vertical industry chain encompassing mold making, casting, and machining, with annual revenue exceeding 1.5 billion yuan. Its clients include globally renowned enterprises such as Garrett, Cummins, and BMW. In 2024, it established BYH New Technology Co., Ltd. in the AMATA Industrial Park (Phase II) in Chonburi, Thailand, covering an area of 80,000 m², specializing in precision casting and machining. Main Products Leveraging its mature processes, comprehensive quality control, and intelligent workshops, the company provides customized products and intelligent manufacturing solutions. It sincerely invites clients from all sectors to discuss cooperation and achieve win-win development! Leveraging its mature processes, comprehensive quality control, and intelligent workshops, the company provides customized products and intelligent manufacturing solutions. It sincerely invites clients from all sectors to discuss cooperation and achieve win-win development! Contact Contact Contact Us Wu Chaojun wuchaojun@smm.cn

Recently, Hunan Angzhu Environmental Protection Technology Co., Ltd. signed an APP advertising cooperation agreement with SMM (Shanghai Metals Market). This partnership aims to expand pragmatic cooperation and promote industry exchange, thereby achieving deepened collaboration, market expansion, and mutual benefit. Going forward, SMM will leverage its advantages as a leading non-ferrous metals industry service platform to provide Hunan Angzhu Environmental Protection Technology Co., Ltd. with a one-stop online marketing solution through comprehensive online display, forming a virtuous cycle between production and market, and realizing mutual value for both parties. Hunan Angzhu Environmental Protection Technology Co., Ltd. was established in 2018 and is located at No. 1 Xincheng Road, Leiyang City, Hengyang City, Hunan Province. It is a comprehensive enterprise specializing in non-ferrous metal deep processing and trade sales. Hunan Angzhu Environmental Technology Co., Ltd. was established in 2018 and is located at No. 1 Xincheng Road, Leiyang City, Hengyang City,Hunan Province. it is a comprehensive enterprise specializing in non-ferrous metal deep processing and trade sales. With pyrometallurgy #1 lead as its core product, the company has an annual capacity of 200,000 mt (based on pyrometallurgy #2 refined lead). It also engages in primary lead, lead-calcium alloy, lead-antimony alloy, secondary lead, and secondary refined lead businesses, building an entire industry chain service system from raw material procurement to finished product sales. Taking Pyrometallurgical Grade 1 Lead as its core product, the company has an annual production capacity of 200,000 tons (calculated by Pyrometallurgical Grade 2 Lead). It also engages in businesses such as electrolytic lead, lead-calcium alloy, lead-antimony alloy, recycled lead and recycled refined lead, and has built a full-industry-chain service system from raw material procurement to finished product sales. Core Strengths 1 Environmental Protection First Actively responding to the national call for green development, the company has invested in the construction of integrated environmental protection production facilities to achieve the recycling of wastewater, waste gas, and waste residue, creating a modern factory with "zero pollution and low energy consumption" and being awarded as a provincial-level green production demonstration unit. Actively responding to the national call for green development, the company has invested in the construction of integrated environmental protection production facilities to realize the recycling of wastewater,waste gas and waste residue, creating a modern factory with "zero pollution and low energy consumption" and being awarded as a provincial-level green production demonstration unit. 2 Technology-Driven The core management team has 20 years of industry experience, has established a three-level quality inspection system, and has obtained ISO9001 quality management system certification, with product purity reaching over 99.996%. Through intelligent equipment upgrades, production efficiency has increased by 40%, saving over 20 million yuan in annual production costs. The core management team has 20 years of industry experience, has established a three-level quality inspection system and has obtained ISO9001 quality management system certification, with product purity reaching over 99.996%. Through the intelligent transformation of equipment, production efficiency has increased by 40%, saving more than 20 million yuan in annual production costs. 3 Social Responsibility The company has cumulatively created over 200 jobs and was awarded the title of "Outstanding Enterprise in Employment Contribution of Hengyang City." It has established industry-university-research cooperation with Central South University and trained over 50 professional and technical talents. It has created more than 200 jobs cumulatively and was awarded the title of "Outstanding Enterprise in Employment Contribution of Hengyang City".It has established industry-university-research cooperation with Central South University and trained more than 50 professional and technical talents. Business System • Raw Material Procurement: Crude lead, secondary crude lead • Main Products: Pyrometallurgy #1 lead (national standard GB/T 469-2023), primary lead, alloy lead • Trade Services: Providing value-added services such as warehousing and logistics, futures hedging, and supply chain finance Development Vision Adhering to the business philosophy of "Quality Builds Brand, Innovation Leads the Future," the company plans to establish a provincial-level technology center by 2026 and strives to become a benchmark enterprise in non-ferrous metal deep processing in Central China. We sincerely invite colleagues from all walks of life to visit and guide us for common development! Adhering to the business philosophy of "Quality Builds Brand, Innovation Leads the Future", the company plans to establish a provincial-level technology center by 2026 and strive to become a benchmark enterprise in non-ferrous metal deep processing in Central China. We sincerely invite colleagues from all walks of life to visit and guide us for common development! Contact Information Lin Yuancai 139757991777/18768272777 SMM Contact Cao Juanjuan caojuanjuan@ly10000.com 19521491689

Tesla, owned by Elon Musk, will invest $250 million in its German factory to increase EV battery cell production capacity. As sales recover in the European market, Tesla is using this investment to further boost its overall output in the region. The Berlin-Brandenburg Gigafactory is Tesla's first manufacturing base in Europe. The "Gigafactory," which began production in March 2022, produces hundreds of thousands of Model Y vehicles as well as millions of battery cells — the energy storage units that power electric vehicles.

On May 17, Gotion High-Tech unveiled its fifth-generation lithium iron phosphate (LFP) all-scenario battery lineup at the company's 15th Global Technology Conference — comprising the G-Ke 2nd Generation Super Fast-Charging Passenger Vehicle Battery and the G-Qing Ultra-Long Lifespan Battery for Passenger Vehicles, Commercial Vehicles, and Energy Storage.

SMM May 19 News: Metals market: Overnight metals showed mixed performance across domestic and overseas markets. On the overseas market, LME copper, LME aluminum, LME zinc, and LME nickel all declined, with LME zinc leading the losses at 0.65%. SHFE zinc fell 0.06%, while other metals rose, with SHFE tin leading the gains at 0.98%; fluctuations in other metals were relatively small. Alumina main contract fell 1.02%, and casting aluminum main contract rose 0.59%. Ferrous metals generally declined, with stainless steel down 0.71%; fluctuations in other varieties were relatively small. For coking coal and coke, coking coal fell 0.86% and coke fell 1.06%. Overnight precious metals: COMEX gold rose 0.2% and COMEX silver rose 0.74%. In China, SHFE gold rose 0.04% and SHFE silver rose 1.02%. Overnight closing prices as of 6:44 AM on May 19: Macro Front China: [NBS: Industrial Value-Added of Enterprises Above Designated Size Up 5.6% YoY in January-April, National Economy Maintains Steady and Progressive Development] In January-April, under the strong leadership of the CPC Central Committee with Comrade Xi Jinping at its core, all regions and departments earnestly implemented the decisions and deployments of the CPC Central Committee and the State Council, adhered to the general principle of seeking progress while maintaining stability, fully and faithfully applied the new development philosophy, accelerated the construction of a new development pattern, effectively implemented more proactive and impactful macro policies, and focused on stabilizing employment, enterprises, markets, and expectations. Production and supply grew steadily, market sales continued to expand, foreign trade resilience was further demonstrated, employment and prices remained generally stable, new momentum grew stronger, and high-quality development advanced toward new and better directions. NBS data showed: in January-April, industrial value-added of enterprises above designated size nationwide was up 5.6% YoY. By three major sectors, mining industry value-added was up 5.5% YoY, manufacturing up 5.8%, and production and supply of electricity, heat, gas, and water up 4.5%. Equipment manufacturing value-added was up 8.7% YoY, and high-tech manufacturing value-added up 12.6%, faster than overall industrial value-added above designated size by 3.1 and 7.0 percentage points respectively. By economic type, state-controlled enterprises' value-added was up 4.4% YoY; joint-stock enterprises up 6.0%, foreign-invested and Hong Kong, Macao, and Taiwan-invested enterprises up 3.9%; private enterprises up 5.2%. By product, production of 3D printing equipment, lithium-ion batteries, and industrial robots was up 50.9%, 36.0%, and 25.7% YoY respectively. In April, industrial value-added of enterprises above designated size nationwide was up 4.1% YoY and up 0.05% MoM. In April, the manufacturing PMI was 50.3%; the business activity expectations index was 54.5%, up 1.1 percentage points MoM. From January to March, industrial enterprises above designated size nationwide achieved total profits of 1,696 billion yuan, up 15.5% YoY. [NBS: Selling prices of commercial residential properties in first-tier cities rose MoM in April; MoM declines in second- and third-tier cities narrowed or remained unchanged from the previous month] National Bureau of Statistics (NBS): In April, new commercial residential selling prices in first-tier cities rose 0.1% MoM, with the increase pulling back 0.1 percentage points from the previous month. Among them, Shanghai, Guangzhou, and Shenzhen rose 0.4%, 0.1%, and 0.1% respectively, while Beijing fell 0.2%. New commercial residential selling prices in second-tier cities fell 0.1% MoM, with the decline narrowing 0. US Dollar: As of the overnight close, the US dollar index fell 0.29% to 98.99. A CICC research report noted that multiple recent US inflation data exceeded expectations, while the labor market trended toward stability. Bonds saw a sell-off, and market concerns over inflation continued to intensify. Meanwhile, US-Iran peace negotiations showed no substantive progress, the Strait of Hormuz remains effectively closed, and upside risks to energy prices are difficult to dissipate. In our base case, we expect US PCE inflation to remain above 3.5% for the full year, with core PCE inflation above 3%, both significantly higher than the Fed's 2% policy target. Against this backdrop, the Fed's policy stance is expected to shift toward greater caution, making further interest rate cuts unlikely this year (previously, the next cut was expected in Q4). After new Chairman Warsh takes office, establishing policy credibility will be the top priority, and promptly conveying clear anti-inflation signals to the market is both a proper course of action and a necessary step to stabilize expectations. For markets, this means a rising probability of marginal tightening in US dollar liquidity, and assets driven purely by liquidity are likely to remain under pressure. (Jin10 Data APP) According to the Wall Street Journal, White House officials revealed that Trump will host a swearing-in ceremony at the White House on Friday for incoming Fed Chairman Kevin Warsh. This ceremony underscores the high importance Trump places on this appointment. Powell, whom Trump nominated to lead the Fed during his first term in 2018, had his swearing-in ceremony held at the Fed, which Trump did not attend. The last Fed Chairman to be sworn in at the White House was Greenspan, who took office in 1987. Subsequent ceremonies were all held at the Fed. The last president to attend such a ceremony was George Bush, who attended Bernanke's swearing-in ceremony in 2006. Later that year, Wash was sworn in as a Fed Governor at the Eisenhower Executive Office Building, with the ceremony presided over by Vice President Dick Cheney. Friday's swearing-in ceremony will bring to a close an unusually prolonged transition at the top of the US Fed. (Jin Shi Data APP) The market no longer believes the US Fed will cut interest rates; in fact, the probability of a rate hike has been steadily rising. Current pricing shows that the probability of a rate hike by the end of this year has reached 42%. Market veteran Ed Yardeni, President of Yardeni Research, stated: "The US Fed must catch up with the bond market to avoid losing control of borrowing costs and to appease the 'Bond Vigilantes.'" Fed Chairman-designate Kevin Wash was originally sent to the US Fed with the intention of lowering interest rates, but now he may instead have to push for rate hikes to establish his policy credibility. (Wallstreetcn) Data: Today will see the release of US ADP employment change for the week ending May 2, US April pending home sales index MoM, eurozone March seasonally adjusted trade balance, UK March three-month ILO unemployment rate, UK April unemployment rate, UK April claimant count, and Canada April CPI MoM, among other data. Crude oil: As of the overnight close, oil prices on both markets rose together, with WTI up 1.46% and Brent up 0.39%. Tensions between the US and Iran eased slightly, and crude oil gains narrowed. The head of commodities and derivatives research at Bank of America stated that in his best-case oil price scenario, Brent crude is expected to average $90 per barrel for the remainder of this year, and prices could be even higher if the standoff with Iran persists or the situation escalates due to new conflicts. (From Wallstreetcn APP) On the 18th local time, International Energy Agency (IEA) Executive Director Fatih Birol, speaking on the sidelines of the G7 finance ministers' meeting in Paris, France, said that due to the Middle East conflict, commercial oil inventories were "declining sharply" and could sustain supply for "only a few more weeks." Birol said the IEA's March decision to coordinate member states' release of strategic petroleum reserves could increase daily market supply by approximately 2.5 million barrels, but these reserves are "not inexhaustible," and all parties should recognize the urgency of the situation. The IEA's latest monthly oil report released on the 13th of this month showed that in March and April, global observable oil inventories, including offshore crude oil, decreased by 250 million barrels, equivalent to a daily average reduction of 4 million barrels. As the summer demand peak approaches, international oil prices may fluctuate further. (CCTV) (Jin Shi Data APP) Data released by the US Department of Energy (DOE) on Monday showed that a record 9.9 million barrels of crude oil were released from the US Strategic Petroleum Reserve (SPR) last week. This directly pushed down the total inventory of the US government's emergency reserves, bringing it to approximately 374 million barrels, the lowest level since July 2024. (Wallstreet CN)

[SMM Steel] SEAISI expects ASEAN steel demand to continue improving in 2026, with apparent steel consumption forecast to reach 87.9 million tonnes, up 2.6% YoY and 8.2% higher than 2024 levels. ASEAN steel imports remained high at around 50 million tonnes in 2025, while import penetration stayed above 60%, continuing to pressure local producers. Vietnam remained the region’s strongest growth market, with steel demand rising over 21% in 2024. SEAISI also warned that the Iran conflict could create energy-related risks for ASEAN steel markets, as the region remains heavily dependent on Middle Eastern energy supplies. Meanwhile, ASEAN steel exports are expected to remain elevated at around 22 million tonnes in 2025, supported by Indonesia’s expanding HRC capacity.