Driven by the dual forces of global energy structure transformation and the "dual carbon" goals, battery technology is evolving from a traditional electricity storage medium into a core engine reshaping transportation, consumer electronics, and even the energy internet. From fundamental breakthroughs in materials science to the industrialisation of cutting-edge technologies such as solid-state and sodium-ion batteries, the battery industry is in a period of explosive technological advancement with intense competition. This conference brings together the world's top scholars, industry chain leaders, and capital forces, aiming to break down barriers between "industry, academia, research, and application." We will delve into key topics including high energy density, ultimate safety, ultra-fast charging technology, and recycling, jointly charting a new blueprint for green, efficient, and sustainable energy. Shenzhen Huanaxincai Co., Ltd. will attend this grand event to discuss industry development trends with industry peers and jointly drive battery technology to new heights. form to sign up immediately, and together witness and participate in this extraordinary and far-reaching industry event, co-creating a brilliant new chapter! Shenzhen Huanaxincai Co., Ltd. was founded in November 2021 by a doctoral team of high-level overseas talents. It is a national high-tech enterprise specialising in the R&D, industrialisation, and end-use applications of sodium-ion battery cathode materials. The company has been recognised as a "Shenzhen Specialised, Refined, Distinctive, and Innovative Enterprise" and a "Shenzhen 20+8 Industrial Cluster Enterprise." It has applied for or been granted nearly 80 patents, obtained ISO9001, ISO14001, and other system certifications, and served as the lead or major co-drafter of four sodium-ion battery standards. The company has received multiple rounds of financing from publicly listed firms including Meilian New Material and Zijian Electronics, and has won numerous industry awards. Core Business The company specialises in the R&D, production, and sales of sodium-ion battery cathode materials. With years of deep industry expertise and over 100 core patents accumulated, it possesses strong technological capabilities. Currently, the enterprise has fully mastered both mainstream sodium-ion battery cathode material technology routes — layered oxide and polyanion. Its products maintain a leading position in overall market performance. The layered oxide cathode materials feature high energy density, high working voltage, and excellent C-rate performance, making them widely suitable for application fields such as power batteries. The polyanion NFPP cathode materials are characterised by high safety, ultra-long cycle life, and outstanding wide-temperature adaptability, with excellent cycling performance, making them particularly suitable for scenarios with stringent safety and service life requirements such as utility-scale energy storage, backup power supplies, and starter batteries. The polyanion NFS cathode materials feature high voltage and high capacity performance, and are widely applied in scenarios such as light vehicle power and others. Leveraging a mature technology system and rigorous quality control management, the company's products have achieved large-scale mass production and stable supply, successfully entering various application segments and establishing in-depth partnerships with multiple Fortune Global 500 enterprises and leading industry clients. We remain committed to technological innovation as our core driving force, continuously iterating product performance, and dedicated to providing global clients with high-grade, highly reliable sodium-ion battery cathode materials to facilitate the high-quality development of the new energy industry. Long press 2026 SMM Battery Technology Conference

SMM June 2 News: In May, the rare earth market entered its traditional off-season. Although occasional factors such as major producers' procurement briefly boosted rare earth prices, weak downstream demand kept prices under pressure and pulling back throughout May. Pr-Nd oxide and dysprosium oxide fell 11% and 11.79% respectively in May, while terbium oxide also edged down. On the supply side, production showed an increasing trend — domestic rare earth oxide production was up across the board MoM in May. Combined with continued inflows of ex-China sources, imports of unlisted rare earth oxides in the first four months surged 103% YoY, and the supply-demand mismatch further weighed on rare earth price performance in May. Since early June, Pr-Nd oxide and other rare earth products have seen slight price rebounds driven by major producers' restocking and futures fluctuations. However, the off-season demand shortfall persists — how will the rare earth market perform going forward? Pr-Nd Oxide Down 11% in May, Dysprosium Oxide Down 11.79%, Terbium Oxide Down 1.63% Light rare earth prices: Taking the historical price trend of Pr-Nd oxide as an example, according to SMM pricing: the average price of Pr-Nd oxide on May 29 was 687,500 yuan/mt, compared with 772,500 yuan/mt on April 30, down 85,000 yuan/mt in May, a monthly decline of 11%. Entering June, Pr-Nd oxide continued to rise, with an average price of 700,500 yuan/mt on June 2. Medium-heavy rare earth prices: Taking the trend of dysprosium oxide as an example, according to SMM pricing: the average price of dysprosium oxide on May 29 was 1,230 yuan/kg, compared with 1,375 yuan/kg on April 30, down 145 yuan/kg in May, a monthly decline of 11.79%. Entering June, dysprosium oxide prices edged up, with an average price of 1,240 yuan/kg on June 2. Taking the trend of terbium oxide as an example, according to SMM pricing: the average price of terbium oxide on May 29 was 6,025 yuan/kg, compared with 6,125 yuan/kg on April 30, down 100 yuan/kg in May, a monthly decline of 1.63%. Entering June, terbium oxide prices edged up slightly, with an average price of 6,035 yuan/kg on June 2. Oxide Production Up Across the Board MoM in May Production: Driven by increased production from scrap recycling enterprises and production resumptions at some enterprises that had previously undergone equipment maintenance, production of Pr-Nd oxide and other rare earth oxides edged up in May compared with April. Imports of Unlisted Rare Earth Oxides Up 103% YoY, January-April According to data from the General Administration of Customs, China's imports of thorium ore and concentrates totaled 21,443 mt from January to April 2026, nearly flat YoY. Imports in April were 4,081 mt, up 22% MoM but up 32% YoY. From January to April 2026, China's imports of unlisted rare earth oxides reached approximately 26,123 mt, a significant YoY increase of 103%. Currently, the operating rate of rare earth mines outside China remains relatively high, keeping actual supply in the international market at ample levels. Outlook Recently, driven by futures market price fluctuations and periodic restocking by some large enterprises, rare earth prices rose. However, due to lackluster downstream orders, even though downstream enterprises' raw material inventory remained at relatively low levels, end-user wait-and-see sentiment was strong and enterprises showed little enthusiasm for restocking and stockpiling. It is expected that rare earth prices will return to being in the doldrums until downstream orders see a notable increase and market confidence shows a clear recovery. Recommended Reading:

【SMM Steel】Japan's steel exports fell 6.7% y-o-y to 2.28 million tonnes in April, marking the sixth consecutive monthly decline, mainly due to lower shipments to South Korea and Taiwan. Total exports in Jan-Apr 2026 reached 9.27 million tonnes, down 9.3% y-o-y. METI forecast crude steel output for April-June to decline 1% y-o-y to 60.9 million tonnes, citing weak demand from China and SE Asia and trade measures against Japan. Risks include Middle East oil supply disruptions, falling regional demand, and China rerouting exports to the Middle East.

Today, the most-traded BC copper 2607 contract opened at 93,960 yuan/mt, dipped to 93,310 yuan/mt early in the session, then fluctuated upward. After the day session opened, it swung wildly while trending higher to touch 94,980 yuan/mt, then moved sideways, ultimately closing at 94,810 yuan/mt, up 2.07%. Open interest stood at 10,943 lots, an increase of 597 lots from the previous trading day, and trading volume reached 9,901 lots, indicating bulls adding positions. On the macro front, Iran halted US-Iran negotiations, attributing the decision to Israel's military operations in Lebanon, and plans to fully blockade the Strait of Hormuz. Market risk sentiment heated up. Additionally, the US White House further adjusted import tariff policies on aluminum, steel, and copper, intensifying market concerns over tariff policies. Moreover, the recent widening of the COMEX-LME price spread raised market concerns about supply in non-US regions, providing upward momentum for copper prices. On the fundamentals front, supply side, high-quality copper sources were scarce, while standard-quality copper and non-registered copper supply was relatively sufficient; overall supply tightened marginally, with notable structural divergence. Demand side, copper prices rose significantly, severely suppressing downstream purchasing sentiment, and demand remained sluggish. SHFE copper 2607 contract closed at 106,620 yuan/mt. Based on the BC copper 2607 contract at 94,810 yuan/mt, its after-tax price was 107,135 yuan/mt. The price spread between the SHFE copper 2607 contract and BC copper was -515, with the price spread remaining inverted and widening notably from the previous day.

[Brief Review of China's Domestic Ore Market] At the beginning of the week, the domestic ore market in Tangshan remained relatively stable, with ex-factory prices of 66-grade iron ore concentrates (dry basis, tax-inclusive) at 970-975 yuan/mt. The tight supply situation at local mines and beneficiation plants showed no significant improvement, with a relatively strong wait-and-see sentiment, and they were in no hurry to sell at prices below their psychological expectations. Steel mills were mostly producing normally as planned, but with recent contraction in steel mill profits, steel mills mostly purchased as needed.

HRC futures closed at 3,399 today, up 0.06% for the day. Spot side, spot HRC held steady, while cold-rolled was stable to down 10 yuan/mt. Overall transactions today were dominated by low prices, with trading being lackluster. News side, the US adjusted tariffs on steel, aluminum, and copper, which was positive for agricultural machinery products but bearish for steel overall. HRC maintenance data was released today. According to SMM, the impact from maintenance on hot-rolled mills this week was 142,500 mt, down 43,000 mt WoW. Next week, the impact from maintenance on hot-rolled mills will be 60,000 mt, down 82,500 mt WoW, and supply is expected to continue to rebound. Demand side, off-season sentiment was strong among downstream sectors, with market shipments and transactions clearly struggling. Prices showed a tendency to weaken, but considering that raw materials still offered support, coupled with the fact that supply-demand imbalances had not yet begun to accumulate significantly, looking ahead, the market is expected to hold prices firm as the dominant strategy, oscillating amid the interplay between off-season fundamentals and cost support.