On March 19, Canadian Solar Inc. (CSIQ) disclosed its 2025 results and 2026 outlook. Data shows Q4 2025 module shipments were 4.3GW. Full-year 2025 module shipments reached 24.3GW (with a record 8.1GW delivered to the US market), and energy storage shipments hit 7.8GWp. Regarding overseas capacity, the 5GW module plant in Texas is fully operational and is planned to expand to 10GW in H2 2026; the phase I (2.1GW) HJT cell plant in Indiana expects trial production in April 2026. Looking into 2026, Q1 module shipments are estimated at 2.2-2.4GW, and full-year US market module shipments are projected to reach 6.5-7.0GW.

[SMM Silicon-Based PV Morning Meeting Summary: Polysilicon Prices Remained Slightly Weak, While Module Prices Were Overtly Stable but Softened in Practice] Over the weekend, N-type recharging polysilicon was quoted at 39.5-47.5 yuan/kg, the N-type polysilicon price index stood at 43.64 yuan/kg, and granular polysilicon was quoted at 40-43 yuan/kg. Polysilicon prices still appeared slightly weak over the weekend, with reports of some transactions concluded at low prices. Bearish sentiment among upstream and downstream enterprises persisted, and prices were expected to remain weak.

Canadian Solar Inc. announced that e-STORAGE, its energy storage solutions business subsidiary, had signed a supply agreement with a major utility outside China to provide BESS for an energy storage project with a scale of approximately 500 MW/2,493 MWh (DC). The project will support rapidly growing electricity demand from data centers and enhance the resilience and reliability of the regional power grid. Under the agreement, e-STORAGE will supply approximately 500 SolBank 3.0 ESS units for the project. Shipments are expected to begin in March 2027 and be completed by July of the same year.

Strategic Resources Inc. announced on March 12, 2026, the acceleration of its BlackRock Project in Quebec to address global pellet scarcity. Phase 1 of the project is designed to deliver 4 million tonnes per year of high-purity iron ore pellets. The project is currently in the provincial environmental authorization phase and targets North American and European steelmakers.

[SMM Aluminum Express News] Sierra Leone's Minister of Mines and Mineral Resources, Hon. Julius Daniel Mattai, has been actively promoting a value addition strategy for the country's mining sector. The minister addressed investors, policymakers, and mining industry leaders at events organized by MineAfrica Inc. He outlined plans to shift away from simply exporting raw minerals toward greater in-country processing and sustainable resource management.

[SMM Tin Morning Brief: The Most-Traded SHFE Tin Contract Fluctuated Downward After Opening in the Night Session, and Spot Transactions Were Relatively Sluggish]