The overseas secondary aluminum market shifted from supply-driven gains to demand-led corrections in H1 as geopolitical risks eased and downstream demand remained weak. At the same time, the UAE, the EU and the US introduced measures to strengthen domestic scrap resource management, reinforcing aluminum scrap's strategic role in global supply chains. In H2, SMM expects demand recovery to be the key driver of prices, while policy will continue to shape trade flows and premium scrap availability.

According to the UAE Ministry of Foreign Trade's Ministerial Decision No. 105 of 2026 and the latest feedback from traders, the UAE officially published and implemented a temporary export ban on certain industrial wastes and metal scraps on 3 June 2026, for a duration of 4 months, precisely targeting iron, aluminum, and copper scrap. SMM learned that the core objective of this policy is to retain raw materials domestically; notably, copper ingots are explicitly exempted to encourage high-value-added exports. Given that the UAE had previously imposed a fixed export duty of USD 109/MT on copper scrap, which had already severely squeezed direct export arbitrage margins, this ban will have a limited marginal impact on the copper scrap market. Instead, the primary impact will be concentrated on the copper alloys, such as Honey, Ocean, and Gun metal. From the perspective of global trade flows, the main Asian consumption destinations for UAE scrap are India and South Korea. Due to China's stringent import standards for recycled materials and the historically negligible volume of direct scrap shipments from the UAE to China, this new regulation is expected to have virtually no substantial impact on the Chinese domestic scrap metal supply.

Under the global trend of vehicle electrification, China's and the European and American NEV markets have maintained high growth, driving the expansion of battery enterprises; wind power and PV installations continue to grow, and the demand for energy storage and filtering shows considerable growth prospects. Downstream automotive electronics and server sectors in the electronic circuit copper foil industry have maintained good growth with state support; with the advent of the 5G era, a new wave of development in the consumer electronics industry has driven production growth of high-performance flexible copper clad laminates. However, as copper foil enterprises continuously release new capacity in and outside China, fierce competition has brought severe profit challenges. Capacity integration, cost reduction and efficiency improvement, and enhancing product competitiveness have become the core of industry development. SMM , in response to the demands of industry users, as an independent third-party platform, with the aim of promoting the development of the global copper foil industry, has organized and sorted out copper foil industry resources in and outside China for market reference and study. Here, we join hands with Jinfeng Precious Metals Materials (Jiangsu) Co., Ltd. to sincerely invite outstanding enterprises and industry experts to assist in the production of , and to provide your valuable suggestions, jointly making positive contributions to the development of the copper foil industry. We strive to present a more objective industry landscape, and will invite all sectors of the industry chain to participate in production and supervision, helping to promote the distribution and dissemination of the global copper foil industry map throughout the process! (Click the link to get it for free: ) Jinfeng Precious Metals Materials (Jiangsu) Co., Ltd. is based in Jiangsu, serving the entire country. It is a comprehensive full-industry-chain service provider integrating precious metal scrap recycling, coating removal processing, high-purity precious metal powders, precious metal compounds, and catalytic material production and sales. It has deeply cultivated the fields of copper foil, chlor-alkali chemical industry, and water treatment electrolytic electrode recycling and regeneration, with complete recycling qualifications and guaranteed compliant operations. The company's core business focuses on waste electrode recycling and substrate regeneration. It specializes in the recycling and disposal of waste iridium-coated anode plates from copper foil plants, as well as ruthenium-iridium coated anode meshes and ruthenium-platinum coated cathode meshes from chlor-alkali and water treatment industries, supported by a mature back-pull anode coating removal process. This process completely strips the precious metal coating and returns the titanium substrate intact, significantly reducing clients' raw material loss costs and achieving dual recycling of both titanium and precious metals. With in-house standardized production and purification workshops, we mass-produce high-purity precious metal raw materials. Our main products include 99.95 high-purity iridium powder, 99.95 high-purity ruthenium powder, as well as precious metal salts such as chloroiridic acid, ammonium chloroiridate, iridium trichloride, and ruthenium trichloride, and we also supply various precious metal catalysts. All products strictly comply with national industry standards, ensuring stable purity and controllable quality, suitable for multiple industrial scenarios such as electrolysis, electroplating, and chemical catalysis. Our business covers all categories of precious metals including platinum, palladium, rhodium, iridium, ruthenium, gold, and silver, integrating the entire process from scrap recycling, hydrometallurgical refining, powder synthesis, compound preparation, to finished product sales. The company adheres to the concept of green recycling development, relying on mature hydrometallurgical purification technology, achieving high precious metal recovery rates, transparent pricing, and efficient settlement. We have long served upstream and downstream enterprises in the new energy copper foil, chlor-alkali, environmental water treatment, and fine chemical industries, providing industrial clients with one-stop precious metal recycling solutions through compliant qualifications, stable supply, and comprehensive after-sales service. Jinfeng Precious Metals Materials (Jiangsu) Co., Ltd. Contact: Director Du Tel: 138 6166 6239 Address: No. 1079 Binjiang West Road, Jiangyin, Jiangsu SMM Contact Bao Jinyong 13159338158 baojinyong@smm.cn

As resource security and decarbonization become increasingly important, major economies are strengthening efforts to retain aluminum scrap. From the EU's review of export controls and the U.S. strategic asset proposal to Japan's circular economy initiatives and policies in the UAE and South Africa, these developments could reshape global scrap flows and affect secondary aluminum markets.

The global secondary copper industry is at a critical stage characterized by tightening resources, green transformation, and intensifying global competition. As environmental protection policies continue to tighten and the energy crisis deepens, secondary copper, with its significant environmental and economic advantages, plays an increasingly prominent role in alleviating tight supply of primary copper and promoting low-carbon development. Currently, the global copper industry chain faces multiple pressures including fragile supply, demand transformation, and low-carbon upgrading. Major economies have successively included copper in their critical minerals lists, and international competition over secondary copper resources is becoming increasingly fierce. Optimizing the industry chain structure, improving recycling efficiency, and harmonizing global standards have become urgent priorities for the industry. To help the industry gain a comprehensive understanding of global policy trends and market landscapes, SMM and Uchida Corporation have joined hands to produce the , focusing on industry development directions and conveying market insights, aiming to provide practitioners with an authoritative and professional industry distribution guide. (Click the link to receive for free:) Focusing on Resource Recycling, Connecting Global Markets Basic Information · Company Name: Uchida Corporation · Headquarters: Itami City, Hyogo Prefecture, Japan · Established: 2013 Main Business Recovery, sorting, processing, and sales of stainless steel, copper, aluminum, and other non-ferrous and special metals, as well as international procurement and export trade. Core Business Activities · Dismantling project contracting · Participation in large-scale bidding projects · Recovery of industrial metal scrap generated by recycling and dismantling companies · Bulk metal exports to clients outside China · Global metal raw material procurement and trade Production and Processing Capacity · Factory Facilities: 2 metal recycling plants, 1 copper wire nodules processing plant · Monthly Processing Capacity: Copper: approximately 300 mt Stainless steel: approximately 500 mt Aluminum: approximately 200 mt Total: over 1,000 mt Qualifications and Licenses · ISO9001 (Quality) · ISO45001 (Occupational Health and Safety) · ISO14001 (Environment) · Hyogo Prefecture Specified Construction Business License (Special-7) No. 303544 · Hyogo Prefectural Public Safety Commission License: Metal Scrap Dealer · Hyogo Prefectural Public Safety Commission License: Machinery and Tools Dealer · Industrial Waste Collection and Transportation License International Trade and Export Advantages · Leveraging high-grade recycled metal resources from Japan, maintaining long-term stable exports to Asian and European and US markets · Establishing an international procurement network to achieve multi-channel supply of recycled metal raw materials · Strictly implementing quality sorting and processing standards to meet ex-China clients' requirements for composition and specifications · Providing one-stop trade services from sourcing and processing to logistics Business Philosophy With efficiency and environmental protection at its core, leveraging a comprehensive qualification system, promoting cross-border resource recycling, and creating long-term sustainable value for clients. Uchida Corporation SMM Joint Production Contact Liu Mingkang 156 5309 0867 liumingkang@smm.cn

On May 12, the 2026 SMM (3rd) Global Renewable Metal Industry Chain Summit & Battery Recycling Forum , organized by Shanghai Metals Market (SMM), drew to a successful close at the Sheraton Grande Tokyo Bay Hotel in Tokyo, Japan! Following the event, SMM arranged an overseas field trip for delegates. The delegation paid visits to renowned local recycling enterprises in Japan to learn about operational practices and technological advancements in Japan's recycled non-ferrous metal sector. On the afternoon of May 15, the delegation visited KINKI SANGYO CO.,LTD. and received a warm welcome from the firm’s management. Company Profile KINKI SANGYO CO.,LTD. has grown steadily since its founding with the support of numerous partners, always adhering to the core objectives of responding to the needs of the times and driving industrial development. As its business scale has expanded, the company has gradually established a solid industrial foundation in the field of metal resource recycling and built a stable supply system covering both China and ex-China markets. Headquartered in Izumi-Otsu City, Osaka Prefecture, with a sales office in Izumi City, the company maintains high-standard professional operations throughout the entire process—from the procurement and processing of metal scrap to sales and export—and is committed to contributing to industrial development in Japan and the broader Asian region. The company is well aware that sustained corporate growth depends on trustworthy quality and efficient management. To this end, the company has fully implemented and obtained ISO 9001 certification, the quality management system established by the International Organization for Standardization (ISO). Through this system, the company has established rigorous operational procedures and quality control mechanisms, ensuring that product quality remains consistently stable and reliable, and guaranteeing the continuous supply of high-grade metal raw materials that meet the requirements of steelmaking enterprises and other partners. The spirit of continuous improvement advocated by ISO 9001 has also become part of the company culture, with all employees constantly pursuing greater efficiency and superior quality in their daily work, with enhancing client satisfaction as their shared goal. In terms of business philosophy, the company adheres to a "people-oriented" approach, believing that talent is the most fundamental resource of an enterprise. The company encourages employees to continuously enhance their capabilities, closely integrating personal growth, corporate interests, and social value, earning the trust of partners through honest management and steady development. The company actively promotes open cooperation, establishing long-term and stable business relationships with various industries in and outside China, while continuously exploring new market opportunities to build a broader and more solid international network for the future. Looking ahead, KINKI SANGYO CO.,LTD. will continue to leverage its professional expertise, international vision, and rigorous quality management system to continuously strengthen its comprehensive competitiveness, contributing to socioeconomic development, resource recycling, and broader international cooperation. This visit was an important practice of SMM in building an international recycled metals industry exchange platform, creating a bridge for direct dialogue and experience sharing between Chinese and Japanese enterprises. Through on-site observation and face-to-face exchanges, attendees gained in-depth understanding of KINKI SANGYO CO.,LTD.'s technological advantages, operational management experience, and market positioning strategies in the recycled metals sector. They gained particularly valuable insights in areas such as refined processing of scrap metals and collaborative operations across the entire industry chain, providing valuable references for Chinese enterprises to optimize production models and enhance technological capabilities.