Indonesian state-owned steel giant PT Krakatau Steel (Persero) Tbk (IDX: KRAS, hereinafter referred to as "Krakatau") released its 2025 consolidated financial statements on March 31, 2026. On the surface, the company recorded a net profit of 339.6 million USD (approximately 5.68 trillion IDR), its best performance since 2019. However, unpacking the core steel business reveals that the steel segment's operating loss in 2025 actually widened from 40.79 million USD in 2024 to 102.5 million USD.

In an increasingly fragmented global economy, gold is massively gaining focus as a neutral reserve asset. According to Deutsche Bank’s assessment, the precious metal is one of the main beneficiaries of global de-dollarization, even though the gold price is currently weakening.

[SMM Tin Morning Brief: Tin Prices Retreated from Highs Last Week, Stimulating End-User Enterprises' Stockpiling Willingness]

In April, the Cloud Computing and Digitalization Research Institute of the China Academy of Information and Communications Technology (CAICT) officially released the *Research Report on Intelligent Computing Power Services*, based on continuous research and extensive surveys. The report, grounded in the trends of large-scale AI application and computing power servitization, systematically reviewed the development background, conceptual connotations, system architecture, key technologies, typical scenarios, market size, industry chain landscape, and future trends of intelligent computing power services. For the first time, it constructed a three-layer system architecture for intelligent computing power services, proposed three core service forms—intelligent computing power resource services, intelligent computing power interconnection services, and intelligent computing power application services—and estimated that China's intelligent computing power services market size exceeded 130 billion yuan in 2025.

EVE Energy recently announced comprehensive backup power solutions for AIDC scenarios, featuring cylindrical BBU cells, prismatic UPS cells, and containerized storage. These products cover diverse needs from individual data units to overall architectures. The BBU cells balance high energy density with high power, ensuring top-tier safety and reliability. As a strategic priority, BBU battery "A-samples" are scheduled for output and client delivery between May and June 2026.

[Siemens Partners with Vulcan Energy to Expand Sustainable Lithium Supply in Europe] Siemens has joined forces with Vulcan Energy to advance Europe's first fully integrated lithium and renewable energy project. The two companies signed a framework agreement for the Lionheart lithium and renewable energy project in the Upper Rhine Valley, Germany. They also signed a Memorandum of Understanding (MoU), making Siemens the preferred supplier of automation and digitalization technologies for Vulcan Energy through 2035. Vulcan's preferred partnership with Siemens will extend from Lionheart to future development phases. The Lionheart project involves the construction of an integrated lithium and renewable energy project with a target capacity of 24,000 mt of lithium hydroxide monohydrate (LHM), sufficient to supply approximately 500,000 EV batteries per year, while providing local consumers with 275 Gwh of renewable electricity and 560 Gwh of thermal energy annually, with a projected project lifespan of 30 years. Roland Busch (pictured above), President and CEO of Siemens AG, stated: "As a strategic investor and key technology partner, we are helping Vulcan Energy establish Europe's first major sustainable lithium source. With our technologies — from advanced automation and digitalization to smart building solutions — we help ramp up production faster. This is critical for creating a local lithium supply for our energy transition and for building a more competitive, resilient, and sustainable European industry. This is a powerful example of boosting growth and competitiveness in line with the 'Made in Germany' initiative." Source: https://theenergyst.com/ [Argentina's Lithium Sector Gains Strategic Development Boost from Chinese Partners] The arrangements bringing Chinese partners into Argentina's lithium sector are fundamentally reshaping the critical minerals landscape in South America, as international cooperation has become indispensable for addressing complex supply chain demands and capital-intensive development requirements. These partnerships demonstrate how strategic alliances can accelerate project advancement while sharing technical and financial risks across complementary capabilities. Moreover, the success of these collaborative models signals a broader transformation underway in global mining operations — one in which technological expertise and market access often matter more than traditional resource ownership structures. Chinese enterprises have fundamentally altered the investment architecture of Argentina's lithium mine industry through systematic capital deployment strategies that prioritize vertical integration over speculative resource positioning. This approach reflects broader supply chain security objectives rather than purely financial returns, resulting in distinctive partnership structures that are markedly different from traditional Western mining investment models. The investment patterns emerging in northwestern Argentina demonstrate a sophisticated risk allocation mechanism between international partners and local operators. Chinese enterprises typically structure their participation through phased equity arrangements, starting with technical cooperation and gradually evolving into controlling positions based on development milestones. Source: https://discoveryalert.com.au/ [Mangrove Launches North America's First Commercial Lithium Refining Facility] Mangrove Lithium, a Canadian venture capital-backed private enterprise, launched North America's first commercial lithium refining facility in British Columbia. This marked a significant step toward establishing a secure domestic lithium supply chain for the Canadian and North American markets, supporting the continent's electrification goals. Mangrove's facility uses the company's proprietary electrochemical technology to convert extracted lithium into battery-grade materials, offering a more economical, flexible, and sustainable approach compared to traditional chemical methods. The plant has a nameplate capacity of 1,000 mt/year, capable of producing enough battery-grade lithium to support the production of approximately 25,000 EV units per year. Source: https://www.miningweekly.com/ [Global Lithium Secures Funding to Support Future Development of Manna Project] Global Lithium signed a binding terms list with global battery metals producer Lopal, covering a $7.32 million equity investment and a $75 million (A$104.85 million) offtake prepayment. The funding will accelerate the development of Global Lithium's Manna lithium mine project in Western Australia. Global Lithium also signed a separate binding agreement with a subsidiary of Lopal for the sale of mining and mineral rights interests in its Marble Bar lithium mine project in Western Australia. Lopal will pay A$14.85 million for the project, comprising A$11.85 million in fixed consideration and an additional A$3 million payable upon the granting of the mining lease. Source: https://mining.com.au/