[SMM Morning Meeting Summary: Tug-of-War in High Range, Awaiting a Breakout Signal Amid the Tug-of-War Between Sellers and Buyers]

[SMM Morning Call Summary: Macro Sentiment Intertwined with Fundamentals; SHFE Tin in a Dilemma, Focus on Marginal Changes]

[SMM Analysis: In-Depth Analysis of Anode Prelithiation Technology Panorama and Industrialisation Progress] Anode prelithiation is a key technology that pre-supplements active lithium into silicon-based anodes to compensate for the irreversible capacity loss during the initial charge-discharge cycle, aiming to overcome the industrialisation bottleneck of low initial coulombic efficiency and poor cycling stability of silicon-based anodes.

[SMM Morning Meeting Minutes: Tin Prices at Highs "Stuck in a Dilemma": Macro Sentiment Underpins, Downstream Fears Highs and Stays on Hold]

[SMM Copper Foil July Market Forecast] SMM expects the overall operating rate of copper foil enterprises in July 2026 to be 92.15%, up 0.67 percentage points MoM and 14.87 percentage points YoY. Overall shipments in July are expected to increase by 0.79% MoM. The operating rate for lithium battery copper foil is expected to be 91.1%, and for electronic circuit copper foil, 94.24%.

The 2026 H1 manganese market trended up first and down later, with high-level volatility driven by persistent friction between rigid high-cost support and weak terminal demand. The H2 market is poised for cost-supported limited recovery. Firm overseas ore prices will underpin the market, while high port inventories cap upside. Silicomanganese prices are expected to trend higher on production cuts and destocking, with rebound room constrained by demand recovery progress.