Recently, the first cell rolled off the production line at the battery factory of Times BAIC (Beijing) New Energy Technology Co., Ltd., marking the start of the mass production phase. Times BAIC was jointly invested in and constructed by CATL, BAIC Group, Beijing Energy Group, and Xiaomi Group. Currently, construction of the factory is nearing completion, with equipment for the second production line undergoing commissioning. Full-scale production is expected to commence in August. For the entire year of 2026, the factory is projected to produce 7.5 GWh of cells. Once the project reaches full capacity, it will form an annual power battery production capacity of 15 GWh, significantly enhancing the product strength and cost advantages for Beijing-Tianjin-Hebei vehicle manufacturers such as BAIC and Xiaomi.

[Domestic Iron Ore Brief] Iron ore concentrates prices in the Chengde area of Hebei were stable, with dry basis ex-factory prices for 65% grade iron ore concentrates at 925 yuan/mt including tax. Environmental protection and safety supervision teams inspected the area today, and operating mines and beneficiation plants reported normal production, but the overall supply of iron ore concentrates in the region remained relatively tight, with mines and beneficiation plants showing a strong willingness to hold prices firm. Steel mills' profits have been shrinking recently, and concentrates procurement was mainly need-based, resulting in moderate overall market transactions. Recent iron ore futures have been oscillating.

I. Coal-to-Hydrogen Shandong anthracite transaction range [1,730-1,830], hydrogen cost average price at [1.78 yuan/m³] Shanxi anthracite transaction range [1,040-1,040], hydrogen cost average price at [1.17 yuan/m³] Hebei anthracite transaction range [1,520-1,520], hydrogen cost average price at [1.61 yuan/m³] Henan anthracite transaction range [1,030-1,130], hydrogen cost average price at [1.25 yuan/m³] II. Natural Gas-to-Hydrogen Pearl River Delta natural gas transaction range [6,600-6,620], hydrogen cost average price at [3.04 yuan/m³] Zhejiang natural gas transaction range [6,520-6,800], hydrogen cost average price at [3.04 yuan/m³] Guangxi natural gas transaction range [6,630-7,020], hydrogen cost average price at [3.08 yuan/m³] Eastern Guangdong natural gas transaction range [6,600-6,620], hydrogen cost average price at [3.01 yuan/m³] Henan natural gas transaction range [6,200-6,420], hydrogen cost average price at [2.93 yuan/m³] Hebei natural gas transaction range [6,170-6,510], hydrogen cost average price at [2.92 yuan/m³] Hubei natural gas transaction range [6,520-6,770], hydrogen cost average price at [3.05 yuan/m³] Guizhou natural gas transaction range [6,380-6,740], hydrogen cost average price at [3 yuan/m³] Sichuan natural gas transaction range [6,415-6,660], hydrogen cost average price at [3.02 yuan/m³] Shanxi natural gas transaction range [6,010-6,300], hydrogen cost average price at [2.82 yuan/m³] Shandong natural gas transaction range [6,295-6,500], hydrogen cost average price at [2.96 yuan/m³] Heilongjiang natural gas transaction range [6,170-6,440], hydrogen cost average price at [2.89 yuan/m³] Inner Mongolia natural gas transaction range [6,200-6,380], hydrogen cost average price at [2.84 yuan/m³] III. Propane-to-Hydrogen South China propylene oxide transaction range [6,970-7,050], hydrogen cost average price at [3.95 yuan/m³] East China propylene oxide transaction range [6,620-6,960], hydrogen cost average price at [3.84 yuan/m³] Northeast China propylene oxide transaction range [6,140-6,450], hydrogen cost average price at [3.59 yuan/m³] Shandong propylene oxide transaction range [6,760-6,860], hydrogen cost average price at [3.87 yuan/m³] IV. Methanol-to-Hydrogen East China methanol transaction range [3,010-3,330], hydrogen cost average price at [2.69 yuan/m³] Central China methanol transaction range [2,950-3,250], hydrogen cost average price at [2.68 yuan/m³] North China methanol transaction range [2,780-2,940], hydrogen cost average price at [2.46 yuan/m³] South China methanol transaction range [3,350-3,450], hydrogen cost average price at [2.83 yuan/m³] Northwest China methanol transaction range [2,450-2,950], hydrogen cost average price at [2.34 yuan/m³] Southwest China methanol transaction range [2,940-3,220], hydrogen cost average price at [2.67 yuan/m³] Northeast China methanol transaction range [3,110-3,130], hydrogen cost average price at [2.65 yuan/m³]

[China Iron Ore Brief] The ex-factory price of 64% grade alkaline concentrates in Shandong, on a dry basis and before tax, was reported at 847, down 21. Most mines and beneficiation plants are producing as planned, with no significant reduction in overall supply. Some iron ore concentrates from local mines and beneficiation plants are flowing to Wu’an in Hebei Province. However, the cost-effectiveness of domestic iron ore concentrates has weakened recently, and steel mills’ purchasing enthusiasm is moderate, leading to a slight accumulation of inventory at miners and weakening overall market transactions compared to earlier periods. Recently, iron ore futures have been trending weaker, and domestic iron ore concentrates

Northern China is the core heartland of China’s cable industry. Leveraging its industrial foundation, full-chain supporting capabilities, and favorable Beijing-Tianjin-Hebei coordinated development policies, it has built a complete industrial cluster integrating raw material processing, cable manufacturing, new material R&D, and intelligent equipment manufacturing. The region’s annual cable output value has exceeded 100 billion yuan, with a solid industrial base and broad market potential. Benchmarking against the Yangtze River Delta and Pearl River Delta’s advantaged industrial agglomeration zones, Northern China’s cable industry still faces shortcomings such as dispersed industrial resources, relatively weak industry–academia–research linkage, and insufficient risk resilience across the industry chain. Breaking through collaboration barriers has become key to quality improvement in the industry. is scheduled to be held July 23-24, 2026 at Crowne Plaza Qingdao Jinshui, Qingdao, Shandong , focusing on three major themes: industrial collaboration, green intelligence, and globalization. SMM will join hands with the initiating organization—Shandong Wanhai Cable Co., Ltd. to invite customers from the entire industry chain to gather, explore industry opportunities in depth, and help drive quality improvement and upgrading of Northern China’s cable industry. Clickto attend; we look forward to meeting you at the conference. Shandong Wanhai Cable Co., Ltd. is located in the West Coast New Area, Qingdao, Shandong Province. As a wholly owned subsidiary of Zhejiang Wanma Co., Ltd. (controlled by a state-owned enterprise), Wanhai Cable has inherited the parent company’s outstanding quality and strong capabilities. Wanma Co., Ltd. is a high-tech enterprise prioritized for national development, with business broadly covering three core sectors: cables, new materials, and new energy. In 2020, Qingdao Haikong Group invested in Wanma Co., Ltd., and the company further clarified its “one body, two wings” strategic layout. With “north–south linkage” as its development engine, it has continuously strengthened its innovation and R&D capabilities and comprehensively advanced its enterprise transformation toward digitalization, informatization, and intelligentization. As an important part of this grand blueprint, Wanhai Cable is committed to providing comprehensive cable products, technical support, and customized solutions for national infrastructure construction, energy transmission, industrial development, and other fields. The company has introduced first-class key process equipment from in and outside China, and has implemented localisation supporting for major equipment, comprehensively enhancing its overall strength and market competitiveness. The company focuses on developing high-performance products such as environmentally friendly and new energy power cables, and high-end cables for agricultural machinery equipment. With outstanding insulation performance and environmental protection features such as plasticization and recyclable reuse, its products demonstrate significant advantages in cost reduction and efficiency improvement, green development, and environmental protection. SMM Conference Contact Zhang Guolei 166 0190 0190 zhangguolei@smm.cn

2026 marks the opening year of the 15th Five-Year Plan. Against the backdrop of intensifying global macro fluctuations and the deepening of domestic high-quality development, the zinc industry is undergoing profound changes: tightness on the ore side and the release of smelting capacity create structural tensions; divergent domestic and overseas inventories mirror the complex supply-demand rebalancing; and technological innovation is becoming a key driving force for resolving conflicts and reshaping the landscape. New energy, new-type infrastructure and other key areas of the 15th Five-Year Plan are injecting new momentum into traditional zinc consumption, while green, low-carbon and circular economy paradigms are also accelerating the restructuring of industrial logic, driven by technological innovation. With the joint support of upstream and downstream zinc enterprises, industry associations and all relevant parties, SMM 2026 SMM Zinc Industry Conference concurrently held with the 8th Hot-Dip Galvanizing Industry Development and Technology Innovation Forum, the 14th Zinc Salt, Zinc Oxide and Secondary Zinc Resources Development Forum, and the Zinc-Based Materials Development Forum will be held in Qingdao, Shandong from August 6 to 8. Under the theme “Gathering Zinc Momentum, Building the Zinc Industry, Embarking on a New Journey,” the conference will be driven by macro perspectives and fundamental analysis as its dual engines, closely adhere to the main line of high-quality development of the 15th Five-Year Plan, and focus on four 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 with collaborative innovation, and jointly draw a new blueprint for the high-quality and sustainable development of the zinc industry. Baoding Aoqisheng New-type Metal Materials Manufacturing Co., Ltd. will grandly attend this event, discussing industry development trends with industry peers and jointly pushing the zinc industry to new heights. Click the to register for the conference immediately, witness and participate in this extraordinary and far-reaching industry event, and create a brilliant new chapter together! Founded in 2012 with a registered capital of 39.8 million yuan, Baoding Aoqisheng New-type Metal Materials Manufacturing Co., Ltd. is located in Baoding, Hebei, a historic city in China. Situated in the heart of the Beijing-Tianjin-Hebei triangle, the company is rooted in the galvanizing sector of North China and serves the national galvanizing market. The company has a comprehensive management system and a quality and technical service system with full employee participation, and has obtained the ISO 9001 Quality Management System certification, ISO 45001 Occupational Health and Safety Management System certification, and ISO 14001 Environmental Management System certification. Its “Baoding” and “Aoqisheng” trademarks have been registered with the National Trademark Office. The company holds 7 invention patents and 37 utility model patents. Through deep cultivation of industrial development, it has won multiple heavyweight provincial qualifications and honors, being successively recognized as a Hebei Province Technology-based SME, Hebei Province Innovative SME, Hebei Province Specialized, Distinctive and Novel SME, Hebei Province Specialized, Refined, Distinctive and Novel Demonstration Enterprise, and Provincial Manufacturing Single Champion Enterprise. It has established the Hebei Provincial Enterprise Technology Center and Hebei Provincial Zinc-based Alloy Innovation Center, and has been rated as a Hebei Provincial Green Factory. In 2021, Baoding Aoqisheng New-type Metal Material Manufacturing Co., Ltd. cooperated with the National Engineering Laboratory for Advanced Metal Material Coating of China Iron & Steel Research Institute to build the Baoding Alloy New Material Production and Research Base Project. The company enjoys a high reputation in China's hot-dip galvanizing alloy manufacturing industry. Its main products include: zinc-aluminum alloy, zinc-nickel alloy, multi-element rare earth alloy, zinc-bismuth alloy, zinc-antimony alloy, zinc-aluminum-magnesium alloy, and other zinc-based new-type functional alloys. ◆ Contact ◆ Tel: 0312-8063789 QQ: 767 496 767 Website: www.bdags.com Address: No. 1699 Zhongxin West Road, Qingyuan District, Baoding City Long press to scan and register now 2026 SMM Zinc Conference