The 4th China (Jiangxi) International Nonferrous Metals and Metallurgical Industry Exhibition, 2027 The 4th China (Jiangxi) International Nonferrous Metals and Metallurgical Industry Exhibition in 2027 Date: March 28-30, 2027 Venue: Nanchang Greenland International Expo Center "World Tungsten Capital" "World Copper Capital" "Asia's Lithium Capital" "Rare Earth Kingdom" Concurrent Events: The 4th China (Jiangxi) International Green Mining Exhibition, 2027 The 4th China (Jiangxi) International Foundry, Die Casting, Forging, Heat Treatment and Industrial Furnace Exhibition, 2027 [Jiangxi's Many Firsts] New China's first aircraft, first diesel wheeled tractor, first military sidecar motorcycle, first coastal defense missile, first artificial satellite, and today's C919 large passenger aircraft were all born here. [Industrial Advantages] The nonferrous metals industry is the largest pillar industry of Jiangxi Province. The energy consumption dual controls, dual carbon policies, and the new connotations of high-quality development have put forward new requirements for strengthening and expanding the nonferrous metals industry. Promoting the further healthy, rapid, and orderly development of the nonferrous metals industry and enhancing its core competitiveness is an inevitable requirement for transforming from a province rich in nonferrous metal resources to a province with a strong nonferrous metals industry, and is also an important lever for Jiangxi to achieve carbon peaking by 2030. Leveraging Jiangxi Province's abundant nonferrous mineral resources, Jiangxi's nonferrous metals industry has developed rapidly, with continuously expanding scale and improving standards. It has become Jiangxi's largest pillar industry and is currently a key "trillion-yuan-level" industry being cultivated in Jiangxi. It is the undisputed "ballast stone" of Jiangxi's manufacturing sector. Jiangxi has become an important nonferrous metal ore mining and production site in China. Jiangxi Province enjoys superior metallogenic geological conditions and abundant mineral resources, making it one of China's important bases for nonferrous metals, rare metals, rare earth, and uranium minerals, with a relatively high degree of mineral resource complementarity. Jiangxi's seven major categories of minerals — copper, tungsten, rare earth, uranium, tantalum-niobium, gold, and silver — are known as the "Seven Golden Flowers." According to Jiangxi Province's "2+6+N" Action Plan for High-Quality Leapfrog Industrial Development, the province's nonferrous metals industry plans to achieve a trillion-yuan level in main business revenue. To promote the healthy development of Jiangxi Province's nonferrous metals industry, facilitate foreign economic and trade cooperation, and guide Jiangxi's nonferrous metals industry to align with international standards, the Organizing Committee, after conducting multiple in-depth grassroots surveys and project analyses with government authorities and industry associations, has decided to hold the "4th China (Jiangxi) International Nonferrous Metals and Metallurgical Industry Exhibition, 2027" at the Nanchang Greenland International Expo Center on March 28-30, 2027. We look forward to seeing you there. [ Exhibition Dates ] Registration and Booth Setup: March 26-27, 2027 Opening Ceremony: March 28, 2027, 9:30 Exhibition and Trading: March 28-30, 2027 Dismantling: March 30, 2027, 14:00 [Scope of Exhibits] Non-ferrous Metal Raw Materials: copper, aluminum, magnesium, titanium, zinc, lead, manganese, zirconium, vanadium, nickel, molybdenum, silicon, antimony, tin, chromium, tungsten, tantalum, indium and other non-ferrous metal mineral product raw materials, magnetic materials, rare and rare earth materials, precious metal materials and various alloy materials; Non-ferrous Metal Products: copper products, aluminum products, titanium alloy products, magnesium alloy products, powder metallurgy products, etc.; Metallurgical Equipment and Technology: smelting furnaces and kilns, refining equipment, smelting pumps and valves, conveying equipment, heat exchange equipment, flue gas acid-making equipment, corrosion-resistant equipment, hydrometallurgy, electrolysis equipment, large power rectifier power supplies, electrolytic cells, extraction equipment, surface treatment equipment, etc.; Metal Processing Machine Tools: lathes, milling machines, sawing machines, drilling machines, grinding machines, punch presses, boring machines, machining centers, electrical discharge machines, wire cutting machines, laser processing equipment, etc.; Metal Automation Control Equipment: frequency converters, fieldbuses, industrial computers, instruments and meters, automation control, robots, electronic application systems, weighing instruments and information solutions for equipment manufacturing, etc.; Auxiliary Materials for Metal Production: chemicals, solvents, refractory materials, catalysts, gases, lubricating oils, etc.; Powder Metallurgy: raw materials, equipment, products, 3D printing, polymer powder materials, ceramic powder materials; Casting, Die Casting and Forging: castings, casting equipment, casting materials, casting molds, casting/pouring robots, new casting technology and supporting products, various heat treatment furnaces, industrial furnaces, die castings, die casting molds, die casting machines and peripheral equipment, post-processing equipment for die castings, surface treatment technology and equipment, die casting robots, new die casting technology and supporting products, forgings, flanges and rings, forging equipment and accessories, surface treatment technology and equipment, automation, forging mold manufacturing technology and equipment, forging raw materials. Geological (Mine) Exploration Technology and Equipment: geophysical exploration technology, geochemical exploration technology, aerial survey and remote sensing technology, surveying and mapping technology, geological data processing, mineral product analysis, laboratory instruments and meters. Mining Technology and Equipment: excavation equipment, drilling and rock drilling equipment, loading equipment, transportation equipment (excavators, loaders, underground mining vehicles, mining dump units), hoisting equipment, drilling, construction machinery, etc. [Media Promotion] 65 authoritative financial media outlets including Jiangxi Daily, Jiangxi Television Economic Channel, Dajiang Finance Channel, Jiangxi Net, China Net, China Daily Net, and China Finance Net; 10 major self-media platforms including Sohu, NetEase, and Toutiao; 53 industry-leading professional media outlets including China Mining Net, China Excavator Net, China Foundry Net, China Die Casting Net, China Auto Manufacturing Net, World Aluminum Net, China Nonferrous Metals Net, Nonferrous Metals Information Net, and Metalworking, along with 180 other industry-related professional media outlets; Comprehensive coverage of key words search clients through online search platforms such as Baidu Promotion and 360 Promotion; [Concurrent Events] 2027 China Foundry Technology Innovation Outstanding Contribution Award Ceremony 2027 China Metallurgical Melting and Casting Technology Seminar 2027 China Recycled Metals Industry Chain Integrated Development Forum 2027 China NEV and Auto Body Lightweighting Peak Forum 2027 China Green Mine Development Forum [Exhibition Rules] ★ Standard booth 3m×3m: China enterprises: RMB 9,800 yuan/booth; overseas enterprises: RMB 15,800 yuan/booth; ★ International brand booth (9 ㎡, deluxe decoration) RMB 12,800 yuan/booth; overseas enterprises: RMB 18,800 yuan/booth; ★ Indoor bare space (minimum 36 ㎡): China enterprises: RMB 1,000 yuan/㎡; overseas enterprises: RMB 2,000 yuan/㎡; Booth equipped with: two fluorescent tubes, one waste basket, display boards, header board, one table and two chairs, air conditioning, lighting, security, and cleaning services. Note: Bare space does not include any exhibition facilities. Special decoration management fees and hydropower fees charged by the venue shall be borne by the exhibitors and their special decoration contractors. [Organizing Committee Secretariat] Contact: Song Jia 132-1700-0270 (same on WeChat) Official website: http://www.jxysjs.net

SMM Alumina Morning Comment 3.24 Futures: During the night session, the most-traded alumina futures contract AO2605 opened at 3,065 yuan/mt, reaching a high of 3,067 yuan/mt and a low of 3,004 yuan/mt, and closed at 3,021 yuan/mt, down 54 yuan/mt from the previous day. Open interest decreased by 5,855 lots to 241,000 lots, as bulls and bears continued to wrestle in the market. Technically, the closing price was below MA5 (3,046.00), indicating some overhead resistance, but above MA10 (2,995.80) and MA30 (2,880), providing some bottom support. Meanwhile, the MACD indicator DIF (67.07) crossed above DEA (50.91), with the golden cross continuing and the histogram narrowing slightly to 32.32. Upward momentum persisted, and alumina futures are expected to be in the doldrums in the short term. Continued attention should be paid to geopolitical impacts and commissioning plans for new capacity. Industry Updates: 1) India's largest aluminum producer, Vedanta Aluminium, achieved a new emission reduction breakthrough at its Kodingamali bauxite mine by introducing electric loaders, reducing CO2 emissions from loading operations by 50%. The company is currently converting nearly half of its loading fleet from diesel to electric power, supporting its 2050 net-zero carbon emission target. At the Singaramm loading point, the original six diesel loaders were reconfigured to a "three diesel, three electric" setup, reducing carbon emissions by approximately 120 kg per hour. Ore: As of March 23, 2026, the SMM imported bauxite index was at $67.69/mt, up $1.41/mt from the previous trading day. The SMM Guinea FOB average price was at $38.5/mt, unchanged from the previous trading day. The SMM Guinea bauxite CIF average price was at $67/mt, up $0.5/mt from the previous trading day. The SMM Australia low-temperature bauxite CIF average price was at $61.5/mt, up $1/mt from the previous trading day. The SMM Australia high-temperature bauxite CIF average price was at $56.5/mt, up $1/mt from the previous trading day. The Malaysia bauxite CIF average price was at $50/mt, up $2.5/mt from the previous trading day. The Malaysia bauxite CIF (washed) average price was at $60/mt, up $0.5/mt from the previous trading day. The Ghana bauxite CIF price was at $75.5/mt, up $1/mt from the previous trading day. The bauxite CFR (Turkey) price was at $76.5/mt, up $3.5/mt WoW. Domestic ore side, prices remained under negotiation, with some regional differences in ore supply landscape. Imported ore side, affected by rising ocean freight rates and tight fuel supply in Guinea, major mines controlled shipments, and bauxite shipments declined significantly, with cost support bolstering expectations for higher ore prices. However, alumina refinery inventories in China remained at high levels, suppressing procurement demand, and price negotiations between buyers and sellers continued. Short-term ore prices are expected to rise in a stepwise manner, and the market should focus on the implementation of Guinea's "quota system" policy and ocean freight rate trends going forward. Spot Price: As of March 23, 2025, the SMM alumina index was at 2,755.82 yuan/mt, up 8.91 yuan/mt WoW. The SMM Shandong alumina index was at 2,729.35 yuan/mt, up 16.08 yuan/mt WoW. The SMM Henan alumina index was at 2,783.79 yuan/mt, up 8.02 yuan/mt WoW. The SMM Shanxi alumina index was at 2,769.88 yuan/mt, up 9.75 yuan/mt WoW. The SMM Guizhou alumina index was at 2,790.00 yuan/mt, up 4.55 yuan/mt WoW. The SMM Guangxi alumina index was at 2,763.23 yuan/mt, up 1.91 yuan/mt WoW. Spot-Futures Price Spread Daily Report: According to SMM data, on March 23, the SMM alumina index was at a discount of 338.18 yuan/mt against the most-traded contract based on the latest transaction price at 11:30 AM. Warrant Daily Report: On March 23, total registered alumina warrants increased by 6,274 mt from the previous trading day to 405,400 mt. Shandong region alumina warrants remained unchanged at 36,152 mt. Henan region alumina warrants remained unchanged at 6,011 mt. Guangxi region alumina warrants remained unchanged at 28,000 mt. Gansu region alumina warrants remained unchanged at 49,500 mt. Xinjiang region alumina warrants increased by 6,274 mt from the previous trading day to 286,900 mt. Markets Outside China: As of March 23, 2026, the FOB Western Australia alumina price was $302/mt, the ocean freight rate was $34.55/mt, and the USD/CNY selling rate was around 6.93. This translated to a selling price at major domestic ports of approximately 2,714.39 yuan/mt, which was 41.43 yuan/mt below the alumina index price. According to the SMM model, the import window was open. Summary: Supply side, the industry operating rate declined by 0.6 percentage points last week, and operating capacity continued to decrease. Weekly alumina production decreased by 9,000 mt this week. Inventory side, as of last Thursday, alumina market inventory saw a buildup of 18,000 mt WoW, mainly due to a notable increase in warrant volumes. Aluminum smelters continued to draw down their raw material inventories, which decreased by 6,000 mt this week. Overall raw material procurement sentiment was lukewarm, with some enterprises actively destocking after Chinese New Year. Alumina refinery finished product inventories decreased by 8,000 mt, mainly due to a slight decline in alumina operating capacity. Port inventory edged down by 3,000 mt this week, but a large volume of imported alumina is reportedly set to arrive at ports, and inventory may shift back to buildup. Futures-linked inventory rose significantly — with futures at a substantial premium to spot, some alumina was registered as warrants. SHFE warrant inventory saw a buildup of approximately 57,000 mt WoW, while in-transit and platform inventory declined by 23,000 mt. Overall, national alumina inventory rebounded slightly this week, but the destocking trend since March has not yet reversed. According to the SMM survey, some new alumina projects in Guangxi are expected to successively enter trial production and formal commissioning, and their commissioning progress warrants close attention going forward. [Data other than publicly available information is derived from public information, market communication, and SMM's internal database models, processed by SMM for reference only and does not constitute decision-making advice.]

Recently, two hydrogen-powered excavators, two hydrogen-powered loaders, and four hydrogen-powered wide-body mining trucks were officially put into operation in the Jinshan mining area, marking the implementation of the integrated “production, storage, refueling, transportation, and use” layout of Daye’s hydrogen energy industry in the application segment. This achieved the large-scale use of hydrogen-powered heavy engineering equipment in mining areas across China and injected new momentum into the green, low-carbon transformation of mines. As core equipment developed by Taiyuan Heavy Machinery, the TZ350EH hydrogen-powered excavator and TZ958EH hydrogen-powered loader worked in coordination with hydrogen-powered wide-body mining trucks, covering the entire process of mining, loading, and transportation. The equipment emitted only pure water, thoroughly improving the operating environment of traditional mining areas. This batch of hydrogen-powered equipment was deeply optimized for the complex working conditions of mines, with prominent core advantages: the hydrogen-powered excavator featured zero emissions and low noise, and could operate at full load after just five minutes of hydrogen refueling; the hydrogen-powered loader integrated hydrogen power with heavy-load performance and, equipped with proprietary technology, reduced consumption and improved efficiency; the hydrogen-powered wide-body mining truck offered fast energy replenishment, a high energy recovery rate, and excellent low-temperature starting performance, laying a solid foundation for green transportation. This large-scale deployment enabled hydrogen-powered equipment to undergo practical verification in real mining scenarios. It not only opened up a new path for the clean replacement of mining equipment, but also stabilized market demand for upstream hydrogen production, storage, and transportation, promoted coordinated development across the upstream and downstream segments of the hydrogen energy industry chain, and provided a replicable and scalable practical model for transforming traditional mining areas into green and intelligent mines.

In February 2026, sales of various excavators totaled 17,226 units, down 10.6% YoY; of which domestic sales were 6,755 units (including 19 electric excavators), down 42% YoY. In February 2026, sales of various loaders totaled 9,540 units, up 9.28% YoY; of which domestic sales were 3,863 units (including 2,016 electric loaders), down 14.3% YoY. According to statistics from the China Construction Machinery Association on major grader manufacturers, sales of various graders in February 2026 reached 679 units, up 6.93% YoY.

On June 11, the 24th Shanghai International Power Equipment and Generator Set Exhibition (GPOWER 2025 Shanghai Power Expo) opened in Shanghai. As a bellwether in the global power sector, the Shanghai Power Expo has always been a key platform for industry exchanges and innovation displays, witnessing numerous technological breakthroughs and industrial transformations. YUANCHENG Methanol-Hydrogen Power made another appearance at the Shanghai Power Expo, showcasing its latest methanol-hydrogen electric power solutions that cover the full range of scenarios from 20kW to 420kW. It also unveiled two star products on-site: the YUANCHENG Mobile Power Supply Vehicle and the YUANCHENG Energy Replenishment Station, achieving efficient power supply with green fuel and uninterrupted energy replenishment for 24 hours, attracting the attention of numerous industry experts and exhibition guests. At the exhibition site, Xing Min, Executive Vice President of the China Internal Combustion Engine Industry Association, delivered a speech on-site, highly affirming the YUANCHENG methanol-hydrogen electric system and giving high praise to YUANCHENG's methanol-hydrogen electric products: "Methanol-hydrogen electric power is a new achievement in the diversified development of power and energy. Methanol fuel, with its advantages of being clean, renewable, and low-cost, has received strong support and promotion from the state. The methanol-hydrogen electric system achieves reductions in carbon emissions and energy consumption costs, which is of great significance to national energy security and industrial development." Centering around the construction of the methanol-hydrogen ecosystem, YUANCHENG has joined hands with industry chain partners. Vice President Xing Min, along with the guests present, witnessed the strategic signing of a contract for 528 methanol-hydrogen electric systems between YUANCHENG and its strategic partners. Through collaboration and synergistic innovation, both parties will promote the application of methanol-hydrogen electric technology in more fields and jointly usher in a new era of methanol-hydrogen power. At the exhibition site, the YUANCHENG Mobile Power Supply Vehicle and the YUANCHENG Energy Replenishment Station made their grand debut. By replacing traditional diesel generators with methanol-hydrogen electric generator sets, they offer a green, environmentally friendly, efficient, and economical solution for the power generation industry, providing new operational solutions. The YUANCHENG Mobile Power Supply Vehicle is not restricted by site or power grid. It uses green methanol fuel for mobile power supply and can provide uninterrupted energy replenishment for 24 hours. It solves the problem of charging and energy replenishment difficulties for new energy electric vehicles during peak travel periods on holidays and in remote areas. The vehicle is equipped with a 320kW methanol-hydrogen electric generator set, adopting lean-burn technology and a high-compression-ratio, high-tumble combustion chamber structure, with lightweight and modular designs for the cylinder head cover, oil pan, crankcase ventilation, etc. It achieves efficient combustion and low-carbon operation, reducing NOx by ≥98%, PM by ≥97%, and CO by ≥93%, while also offering better economic efficiency. The power generation cost of the mobile power supply vehicle is more than 50% lower than that of diesel. The YUANCHENG Mobile Power Supply Vehicle is equipped with a charging pile featuring 4 guns. The charging pile dynamically adjusts charging parameters based on data provided by the EV's battery management system, supporting the optional AC grid-connected power supply function. The configured charging pile supports a maximum output current of 250A and a maximum output power of 320kW, capable of simultaneously charging 4 EVs. Moreover, the charging pile is built into the vehicle's compartment, allowing for flexible deployment and on-call service. The multiple noise-reduction design (such as impedance composite mufflers, vibration isolation cushions, optimized air ducts, and sandwich cabin structures) effectively ensures a quiet charging environment. To meet the power supply needs of specific scenarios such as oilfields, Yuanchun's energy replenishment stations adopt a distributed multi-unit methanol-hydrogen electric system for grid connection, providing stable output and lower TCO costs. The operating cost is 1.14 yuan/kWh. Based on an annual operating time of 6000 hours, methanol-hydrogen electric charging piles can save 2.894 million yuan in annual fuel costs compared to diesel charging piles, allowing for the recuperation of the cost of an additional energy replenishment station within just one year of operation. Remote methanol-hydrogen electric power boasts several outstanding advantages: in terms of technological innovation, it applies technologies such as high compression ratios, high-energy ignition, high-tumble combustion chambers, optimized intake and exhaust systems, and turbocharged intercooling to achieve efficient combustion and robust power; in terms of economy, it precisely optimizes combustion through technologies like closed-loop control of the theoretical air-fuel ratio, offering a cost-effective and low-cost usage experience. It has a wide range of application scenarios, not only fitting various types of commercial vehicles but also successfully applied to construction machinery such as excavators, loaders, and cranes, as well as mining trucks, ships, and generator sets, providing high-value solutions for the full-scenario application of new energy. Especially in the shipping sector, remote methanol-hydrogen electric shipping solutions cover ship types ranging from 1000 to 15000 mt. Compared to pure electric solutions, they offer longer driving ranges and lower initial investments, enabling clean electric drive in offshore, river, and lake environments while enjoying policy subsidies, making them the preferred power source for green shipping. Taking an 80-meter, 2000-mt inland river cargo ship as an example, equipped with 2×280kW methanol-hydrogen electric systems + 290kWh batteries + 300kW dual motors, fuel costs are reduced by nearly 50% compared to diesel. Compared to pure electric ships, the increased cost of the power system can be recouped within 5 years. At this year's Shanghai Power Expo, multiple partners showcased their flagship products equipped with remote methanol-hydrogen electric systems, becoming the undeniable focus of attention. The "circle of friends" within the remote methanol-hydrogen electric ecosystem is continuously expanding. In the future, Yuanchun will continue to drive technological innovation and industrial collaboration, deepen full-scenario layouts, contribute core strength to the global power technology revolution and green low-carbon development, and accelerate the comprehensive arrival of the methanol-hydrogen era.

[Loader Sales Up 7.24% YoY in May] According to statistics from the China Construction Machinery Industry Association, in May 2025, major loader manufacturing enterprises sold a total of 10,535 loaders of various types, up 7.24% YoY. Among them, domestic sales reached 6,037 units, up 16.7% YoY, while exports amounted to 4,498 units, down 3.31% YoY. From January to May 2025, a total of 52,755 loaders of various types were sold, up 14.1% YoY. Among them, domestic sales reached 29,607 units, up 25.4% YoY, while exports amounted to 23,148 units, up 2.39% YoY. In May 2025, 2,765 electric loaders were sold (24 units below 3 mt, 83 units of 3 mt, 3 units of 4 mt, 1,756 units of 5 mt, 798 units of 6 mt, 95 units of 7 mt, 4 units of 8 mt, 1 unit above 8 mt, and 1 skid-steer loader).