To all relevant organizations: As the new round of global technological revolution and industrial transformation advances in depth, the non-ferrous metal processing industry is embracing critical opportunities for high-quality development. As a vital basic industry for the national economy, innovation in non-ferrous metal processing technologies and equipment upgrades hold great significance for driving the high-end, intelligent, and green development of the manufacturing sector. With its abundant mineral resources, solid industrial foundation, and unique regional advantages, West China has become a key cluster for the country’s non-ferrous metal processing industry, and the pace of technological innovation and industrial upgrading continues to accelerate. Against this backdrop, the "2026 China Mid-West Non-Ferrous Metal Industry Equipment and Technology Expo" will be grandly held at the Gansu International Convention and Exhibition Center from October 30 to November 1, 2026. Themed "Innovation-driven, Smart Future, Green Empowerment," this expo will focus on cutting-edge technologies, advanced equipment, and industry trends in the non-ferrous metal processing sector, aiming to create a high-level platform integrating technical exchanges, achievement displays, and business cooperation. The event will comprehensively showcase the latest achievements in non-ferrous metal smelting, intensive processing, intelligent manufacturing, energy conservation, and environmental protection, bringing together industry experts, enterprise leaders, and research institution representatives to jointly explore new paths and opportunities for industrial development. As a major industrial base in north-west China and a key period along the Belt and Road, Gansu is actively promoting the high-end, clustered, and green transformation of the non-ferrous metals industry. The hosting of this expo will not only inject new momentum into the high-quality development of the non-ferrous metal industry in the north-west region but also provide an important opportunity for industry peers from China and overseas to deepen cooperation and share a prosperous future. We sincerely invite experts, scholars, enterprise representatives, and industry peers from home and abroad in the non-ferrous metal processing sector to gather in Jincheng Lanzhou, jointly explore technological innovation, share development opportunities, and contribute to the transformation, upgrading, and sustainable development of China's non-ferrous metal processing industry. The Expo is scheduled for October 30 – November 1, 2026 at the Gansu International Convention and Exhibition Center. Relevant matters are hereby notified as follows: I. Expo Theme Green Smart Manufacturing · Innovation-driven · Coordinated Development II. Date and Venue Date: October 30 – November 1, 2026 Venue: Gansu International Convention and Exhibition Center III. Organizational Structure Organizers: Gansu Provincial Society for Metals Shaanxi Provincial Society for Metals Shanxi Provincial Society for Metals Henan Provincial Society for Metals Sichuan Provincial Society for Metals Gansu Provincial Mining Federation Co-organizers: Northwest Research Institute of Mining and Metallurgy Baiyin Nonferrous Group Co., Ltd. Jiuquan Iron and Steel (Group) Co., Ltd. Jinchuan Group Co., Ltd. Supporters: Lanzhou Engineering & Research Institute of Nonferrous Metallurgy Co., Ltd. Gansu Provincial Nonferrous Metals Geological Exploration Bureau Lanzhou University of Technology Chalco Lanzhou Aluminum Co., Ltd. Gansu Ferroalloy Association Jinhui Mining Co., Ltd. IV. Concurrent Events: 2026 China Mid-West Aluminum Industry Expo 2026 China Mid-West Casting & Die Casting, Forging, Heat Treatment & Industrial Furnace Expo V. Exhibition Scope: Non-ferrous metal raw materials: Nickel, vanadium, titanium, chromium, tungsten, copper, aluminum, magnesium, zinc, lead, manganese, zirconium, molybdenum, silicon, antimony, tin, tantalum, indium, and other non-ferrous metal ore products and raw materials, magnetic materials, rare and rare-earth materials, precious metal materials, and various alloy materials; Non-ferrous metal products: Copper products (tubes, sheets & plates, sheets, bars, strips, flats and their alloy products, etc.); aluminum products (aluminum alloy profiles, tubes, bars, sheets & plates, strips, foils, aluminum sheets, aluminum ingots, etc.); titanium alloy products; magnesium alloy products; powder metallurgy products, etc.; Non-ferrous metal mining technology and equipment: Non-ferrous mining exploration, extraction, and beneficiation equipment, filtration equipment, powder processing equipment, construction and transportation equipment, etc.; Non-ferrous metal smelting technology and equipment: Smelting furnaces, refining equipment, smelting pumps and valves, filtration equipment, conveying equipment, heat exchange equipment, gas-based acid production equipment, corrosion-resistant equipment, hydrometallurgy, electrolysis equipment, large power rectifier power supply, electrolytic cells, extraction equipment, etc.; Non-ferrous metal processing technology and equipment: Melting, heating, hot and cold rolling, extrusion, drawing, straightening, shearing, casting equipment, etc.; Non-ferrous metal environmental protection equipment: Recycling equipment, energy-saving and emission-reduction equipment; Non-ferrous metal automation control equipment: Instruments and meters, packaging equipment, surface treatment equipment, etc.; Auxiliary materials for non-ferrous metal production: Chemicals, solvents, refractory materials, catalysts, gases, lubricants, etc. VI. Event Arrangements (I) Opening Ceremony: Speeches by leaders and guests; exhibition tour. (II) Theme Forums: 1. Forum on the Green Transformation Pathway for the Metallurgical Industry Under the "Dual Carbon" Goals 2. Forum on Smart Factories Empowering Metal Processing Upgrades 3. Application of Digital Twin Technology in Smelting/Casting/Heat Treatment Processes 4. Building the Non-Ferrous Metal Supply Chain Along the Belt and Road 5. Frontier Forum on Green, Low-Carbon, and Intelligent Smelting 6. Focusing on Technological Innovation and Intelligent Upgrading in the Metallurgical Industry Under the "Dual Carbon" Goals (III) Expo Exhibition Setup: October 28–29, 2026 Exhibition Dates: October 30 – November 1, 2026 Venue: Gansu International Convention and Exhibition Center VII. Participants The China Mid-West Non-Ferrous Metal Industry Equipment and Technology Expo, centered on "high-end, green, and regionalized" themes, will precisely invite large smelters, equipment manufacturers and technology suppliers, experts and scholars from universities and research institutes, professionals focused on new materials, new processes, and new technologies for non-ferrous metals, aerospace and national defense sectors, automotive and rail transit, construction and home furnishings, local government agencies, industry associations, and chambers of commerce, enterprises involved in aluminum semis import and export trade, as well as logistics, warehousing, and supply chain management companies. Covering multiple sectors such as equipment manufacturers, research institutions, end-use applications, government bodies, and trade service providers, this will form a diverse group of professional attendees and promote industry exchange and cooperation. VIII. Publicity and Promotion Before, during, and after the event, publicity and coverage will be carried out through platforms such as the official website, official account, Baidu promotion, WeChat Video, Douyin, Kuaishou, Weibo, Xiaohongshu, and Zhihu. The expo’s opening ceremony is planned to be widely promoted via a full live broadcast on the Video platform.

According to SMM estimates, China's refined bismuth production in July 2026 will significantly increase by approximately 13.5% MoM compared to June's national refined bismuth output. Market participants believe this increase is within a reasonable range, which also indirectly reflects the reasons behind the recent period of weaker market prices. Note: Since October 2022, SMM has been publishing its assessed national refined bismuth production. Thanks to SMM's high coverage rate of the bismuth industry, SMM's survey includes a total of 24 refined bismuth producers distributed across 8 provinces nationwide, with total sample capacity exceeding 50,000 mt and total capacity coverage rate above 99%. This report is an original work and/or compilation by SMM Information & Technology Co., Ltd. (hereinafter referred to as "SMM"). SMM legally owns the copyright and is protected by the Copyright Law of the People's Republic of China and other applicable laws, regulations, and international treaties. Without written permission, no part of this report may be reproduced, modified, sold, transferred, displayed, translated, compiled, disseminated, or otherwise disclosed to third parties, nor may third parties be licensed to use it. Otherwise, upon discovery, SMM will pursue legal action for infringement, including but not limited to claiming contractual breach liability, returning unjust enrichment, and compensating for direct and indirect economic losses. The contents of this report, including but not limited to information, articles, data, charts, images, audio, video, logos, advertisements, trademarks, trade names, domain names, layout designs, and any or all information, are protected by the Copyright Law of the People's Republic of China, the Trademark Law of the People's Republic of China, the Anti-Unfair Competition Law of the People's Republic of China, and other laws, regulations, and applicable international treaties regarding copyright, trademark rights, domain name rights, commercial data property rights, and other rights, and are owned or held by SMM and its related rights holders. Without written permission, no institution or individual may reproduce, modify, use, sell, transfer, display, translate, compile, disseminate, or otherwise disclose the above contents to third parties, nor may they license third parties to use them. Otherwise, upon discovery, SMM will pursue legal action for infringement, including but not limited to claiming contractual breach liability, returning unjust enrichment, and compensating for direct and indirect economic losses. *All data in this report are based on publicly available market information (including but not limited to industry news, seminars, exhibitions, corporate financial reports, broker reports, National Bureau of Statistics (NBS) data, customs import and export data, various data published by various associations and institutions, etc.), and relying on SMM's internal database models, are comprehensively processed internally by the SMM research team, providing reasonable inferences. The information provided in the report is for reference only, and risks are borne by the user. This report does not constitute direct investment research advice. Clients should make prudent decisions and should not substitute this for independent judgment. Any decisions made by clients are unrelated to SMM. Furthermore, any losses and liabilities arising from unauthorized or illegal use of the views in this report are unrelated to SMM. SMM reserves the right to modify and the final interpretation of the terms of this statement.

Based on SMM estimates, China's antimony ingot production (including antimony ingot, crude antimony converted, antimony cathode, etc.) in July 2026 was up about 30% MoM, showing a sharp increase. Regarding the sharp increase in July, some market participants considered it a normal phenomenon, as customs data showed that antimony ore imports from outside China each exceeded 10,000 mt in April, May, and June, and the large volume of ore imports would inevitably translate into higher antimony ingot production. Note: Since May 2022, SMM has published its assessed national antimony ingot production (including antimony ingot, crude antimony converted, antimony cathode, etc.). Thanks to SMM's high coverage of the antimony industry, the survey covers a total of 33 antimony ingot producers across 8 provinces, with total sample capacity exceeding 20,000 mt and a total capacity coverage rate of over 99%. This report is an original work and/or compilation created by SMM Information & Technology Co., Ltd. (hereinafter referred to as "SMM"), and SMM legally owns the copyright, protected by the Copyright Law of the People's Republic of China and other applicable laws, regulations, and international treaties. Without written permission, no reproduction, modification, sale, transfer, display, translation, compilation, dissemination, or disclosure of the above content to any third party in any form, or licensing any third party to use it, is allowed. Once discovered, SMM will pursue legal liability for infringement, including but not limited to claims for breach of contract, restitution of unjust enrichment, and compensation for direct and indirect economic losses. The content contained in this report, including but not limited to any or all information such as news, articles, data, charts, pictures, images, sounds, videos, logos, advertisements, trademarks, trade names, domain names, layout designs, etc., is protected by the Copyright Law of the People's Republic of China, the Trademark Law of the People's Republic of China, the Anti-Unfair Competition Law of the People's Republic of China, and other applicable laws, regulations, and international treaties concerning copyright, trademark rights, domain name rights, commercial data information property rights, and other rights, and is owned or held by SMM and its relevant right holders. Without written permission, no institution or individual may reproduce, modify, use, sell, transfer, display, translate, compile, disseminate, or otherwise disclose the above content to any third party, or license any third party to use it. Once discovered, SMM will pursue legal liability for infringement, including but not limited to claims for breach of contract, restitution of unjust enrichment, and compensation for direct and indirect economic losses. *All data in this report are based on publicly available market information (including but not limited to industry news, seminars, exhibitions, corporate financial reports, broker reports, National Bureau of Statistics (NBS) data, customs import and export data, data published by various associations and institutions, etc.), processed internally by the SMM research team using SMM’s internal database models, and reasonable inferences are drawn. The information provided in this report is for reference only and at your own risk. This report does not constitute direct investment research or decision-making advice. Clients should make decisions prudently and not substitute this for their own independent judgment. Any decision made by the client is not related to SMM. Furthermore, any losses or liabilities arising from unauthorized or illegal use of the views in this report are not related to SMM. SMM reserves the right to amend and the final interpretation of the terms of this statement.

Recently, Jiangsu Guoling Zhixiang Aviation Technology Co., Ltd. was officially established, with its legal representative being Zou Pinfang and a registered capital of $10 million. Equity information shows that Jiangsu Guofu Hydrogen Energy Technology Equipment Co., Ltd. holds 65% of the shares, corresponding to a capital contribution of $6.5 million; HYLIUM INDUSTRIES, INC. holds the remaining 35% equity. The new company's business scope covers R&D of new materials and new energy technologies, technical consulting, and achievement transformation, and also involves manufacturing or sales of products such as new energy prime mover equipment, generator sets, batteries, gas and liquid separation and purification equipment, and hydrogen refueling and storage facilities for stations. In the aviation sector, the company's operating items include manufacturing and sales of intelligent unmanned aerial vehicles, sales of specialized instruments for navigation, surveying, meteorology, and oceanography, and sales of aviation transportation equipment and civil aviation materials. Additionally, its business extends to areas such as software development, artificial intelligence application system integration, intelligent control system integration, industrial design, equipment leasing, and import and export of goods and technologies. The establishment of this joint venture further broadened Guofu Hydrogen Energy's business layout in the new energy equipment and aviation technology fields, and also provided a new industrial carrier for the application of hydrogen energy technology in drones and related aviation scenarios.

SMM July 31 – In terms of imports and exports, according to data from the General Administration of Customs of China, from January to June 2026, China's cumulative alumina imports reached 2.277 million tonnes, up a substantial 749.1% year-on-year; cumulative exports stood at 1.609 million tonnes, up 19.8% year-on-year; resulting in a net import of 668,000 tonnes, with the net import pattern continuing to widen. By import origin, Australia remained the largest supplier, with cumulative imports of 1.643 million tonnes in H1, accounting for 72.14% of total imports—compared to just 495,000 tonnes for the full year of 2025. Imports from Indonesia reached 398,000 tonnes, accounting for 17.5%, already exceeding the full-year 2025 volume of 310,000 tonnes. Overall import volumes continue to climb. In terms of port inventories, as of July 30, alumina stocks at major Chinese ports stood at approximately 940,000 tonnes, indicating that overseas alumina continues to exert pressure on the domestic market. So far, at least six cargoes of imported alumina are known to be arriving in August, with imports of around 210,000 tonnes already confirmed, and more shipments are expected to follow. On the export side, China exported 1.022 million tonnes of alumina to Russia in H1, accounting for 63.5% of total exports, keeping Russia as China's largest alumina export destination. Meanwhile, exports to Oman, the UAE, and Saudi Arabia reached 294,000 tonnes, 159,000 tonnes, and 34,000 tonnes, respectively, collectively accounting for 30.3% of total exports. Geopolitical tensions in the Middle East remain unresolved. Although some production capacity has resumed, key shipping lanes remain blocked, forcing cargoes to be rerouted via overland transport. As a result, some overseas alumina needs to be shipped to China for rebagging into sacks before being re-exported to the Middle East, which explains why export volumes to these three countries have not declined thus far. Overall, although overseas alumina prices have risen recently, both import and export volumes are expected to remain elevated, and the net import pattern is likely to continue in July. On the overseas market front, the global alumina market remained in surplus in July. As of July 31, the lowest spot transaction price overseas was $325/mt FOB Western Australia, equivalent to approximately RMB 2,868.8/tonne at major domestic ports including VAT.

SMM, July 31: Import and export side, According to data from China's General Administration of Customs, from January to June 2026, China's cumulative alumina imports were 2.277 million mt, up 749.1% YoY; cumulative exports were 1.609 million mt, up 19.8% YoY; and cumulative net imports were 668,000 mt, with the net import pattern continuing to expand. On the import source side, Australia remained the top supplier, with cumulative imports of 1.643 million mt in H1, accounting for 72.14% of total imports, compared to just 495,000 mt imported from Australia in full-year 2025. Imports from Indonesia were 398,000 mt, representing 17.5%, also exceeding the total import volume of 310,000 mt for all of last year. Overall import volumes continued to climb. In terms of port inventory, as of July 30, alumina inventory at major Chinese ports stood at about 940,000 mt, and the impact of overseas alumina on the Chinese market persisted. As of now, at least six vessels of imported alumina are known to have arrived in August, with import volumes of about 210,000 mt, and additional cargoes are expected to arrive gradually. On the export side, from January to June, China's alumina exports to Russia were 1.022 million mt, accounting for 63.5% of total exports, with Russia remaining China's top export destination for alumina. Meanwhile, exports to Oman, the UAE, and Saudi Arabia were 294,000 mt, 159,000 mt, and 34,000 mt respectively, totaling 30.3% of exports. The geopolitical conflict in the Middle East remains unsettled; although some capacity has resumed production, key strait passages are blocked, forcing cargoes to be transported overland. This has caused some overseas alumina to be shipped to China for repackaging into bags before being sent to the Middle East, so exports to these three countries have not yet declined. Overall, although overseas alumina prices have risen recently, China's import and export volumes are expected to remain high, and the net import pattern is likely to continue in July. Overseas market side, In July, the overseas alumina fundamentals maintained a surplus. As of July 31, the lowest spot transaction price was $325/mt (FOB Western Australia), equivalent to an EXW selling price of about yuan 2,868.8/mt at major Chinese ports. (The above information is based on market collection and comprehensive assessment by the SMM research team, and the information provided is for reference only. This article does not constitute direct investment research advice. Clients should make prudent decisions and not rely solely on this information as a substitute for their own independent judgment. Any decisions made by clients are not related to SMM.) Data source: SMM