"Tin" Leads the Future: Industrial Transformation and Value Reshaping in a New Cycle **Conference Background** Currently, the global tin industry stands at a historic turning point, where traditional cyclical logic has been completely disrupted and strategic value has become fully prominent. The tin market in 2026 presents an unprecedented complex pattern and profound transformation: **I. Deep Restructuring of the Supply-Demand Pattern with Unprecedented Enhancement of Strategic Attributes** The global tin resource static reserve-to-production ratio is only 14 years, with scarcity becoming increasingly prominent. The supply side faces "triple pressures": repeated setbacks in Myanmar's production resumptions, continued tightening of Indonesian policies, and elevated geopolitical risks in the DRC. Resource constraints have become the new normal. Meanwhile, the demand structure has undergone fundamental changes, and tin has become a strategic resource connecting traditional manufacturing with the digital future. **II. Price System Breaking Historical Records with the Industrial Ecosystem Facing Reshaping** In early 2026, SHFE tin prices broke through 470,000 yuan/mt, hitting a record high. This price breakthrough is not only a reflection of supply-demand imbalance but also a sign of value reassessment for the tin industry. Traditional trade models, risk management systems, and supply chain collaboration methods all urgently require innovative breakthroughs. **III. Technology-Driven and Green Transformation Giving Rise to a New Symbiotic Ecosystem** Digitalisation and intelligent technologies are deeply empowering the tin industry chain. The global green transformation requires the tin industry to upgrade towards low-carbonisation and circular economy, making recycled tin recovery and green smelting processes an inevitable path. All segments of the industry chain must shift from competition to collaboration, building an open, resilient, and innovative symbiotic system. Against this backdrop, August 19-21, 2026 , Changsha, Hunan , 2026 SMM (16th) Tin Industry Chain Conference will bring together global industry elites for joint discussions. Huichang County Xiaoshan Tin Industry Co., Ltd. will attend this grand event, discussing industry development trends with industry peers and jointly driving the tin industry to new heights. Click to register immediately, witness and participate in this extraordinary and far-reaching industry event, and co-create a brilliant new chapter! Huichang County Xiaoshan Tin Industry Co., Ltd. was established in March 2008, covering an area of 79.8 mu. The company is located in the Jiangxi Province Fluorine-Salt New Materials Industrial Base, at the junction of Jiangxi, Guangdong, and Fujian provinces, adjacent to National Highway 206 and the Jiguang Expressway exit, with convenient transportation. The company currently owns tin smelting and tin product deep processing projects. Its main business includes the production and sales of tin ingots, tin-based alloys, and tin products. After years of development, the company has established a strong reputation nationwide. Its products are popular in the Pearl River Delta, Yangtze River Delta, and other regions, and are favoured and recognised by numerous clients for their outstanding stability and reliability. The company adheres to the principle of "survival through quality, development through cooperation" and the business philosophy of "people-oriented, harmonious development," integrating resources and extending the tin industry chain. The company's products have obtained dual certification of ISO9001:2015 quality management system and ISO14001:2015 environmental protection system. The performance parameters of the produced Xiaoshan brand tin ingots, tin-based alloys, tin products and other products have passed SGS detection, all meeting national standards, and have passed EU RoHS and REACH directive certifications. Contact Information Wu Xudong 13707025985 Long Press to Scan the QR Code to Register Now 2026 SMM (16th) Tin Industry Chain Conference

Overall, the aluminum processing industry achieved a slight edge up in operating rate this week, driven by the recovery of export orders, the surge in energy storage demand, and the recovery of infrastructure-related orders. The industry maintained relatively strong resilience, and going forward, attention should be focused on the sustainability of export orders and the boosting effect of aluminum price trends on demand.

[SMM Lithium Battery Electrolyte Market Weekly Review: Electrolyte Prices Remained Stable This Week (2026.5.18-5.21)] From May 18 to May 21, 2026, electrolyte prices remained stable. As raw material price increases were gradually passed through to downstream sectors, there are expectations and room for electrolyte prices to rise in the future market.

Refined Cobalt: Spot refined cobalt prices continued to move sideways this week. Supply side, mainstream smelters held their offers steady, and traders maintained a stable spot-futures price spread ranging from parity to a premium of 8,000-10,000 yuan/mt. Demand side, downstream alloy and magnetic material enterprises continued purchasing as needed, maintaining tight control over raw material inventory levels. The current metal price spread between refined cobalt and lower-priced cobalt salt remained at a low level, and with cobalt salt being difficult to sell, enterprises showed weak willingness to re-dissolve for refined cobalt production. The market is likely to remain range-bound in the short term, and price rises still depend on effective upward momentum from the cobalt salt side. Cobalt Intermediate Products: Cobalt intermediate product prices remained generally stable this week. Supply side, suppliers held firm bullish expectations, with offers consistently held above $26/lb. Demand side performance was flat; affected by weak cobalt salt prices, downstream smelters only made just-in-time procurement, with some non-standard products transacting near $25/lb. On the quota front, 2025 Q4 miner quota approvals were largely completed, while Q1 quota approvals were slower due to procedural constraints. Combined with tight logistics capacity in the DRC and low transport priority for cobalt cargo, the arrival of large-volume shipments at Chinese ports may be further delayed. In the short term, weighed down by weak demand, prices are likely to remain stable, but once downstream orders materialize and restocking demand is released, intermediate product prices still have room for upward recovery. Cobalt Sulphate: Spot cobalt sulphate prices continued their gradual decline this week. Supply side, mainstream brand offer centers shifted down to 92,000-95,000 yuan/mt; some smelters and traders, under cash flow pressure, again made concessions on shipments, with low-priced cargoes probing down to 88,000-89,000 yuan/mt. Demand side, downstream enterprises still primarily drew down existing inventory, with weak purchasing enthusiasm and only minimal just-in-time restocking. Some downstream players reported that LCO production schedules fell short of expectations, and they remained on the sidelines until orders were confirmed. Short-term prices are likely to continue moving sideways, with subsequent recovery still dependent on the release of downstream restocking demand.

On the evening of April 28, Guangzhou Great Power Energy and Technology Co., Ltd. (hereinafter short as Great Power) released its 2025 annual report and Q1 2026 quarterly report. The company's revenue and profit rose significantly, with its energy storage business delivering outstanding performance. Impressive Results: Revenues sustained high growth, up nearly 200% YoY in 2026 Q1 Its financial report showed that in full-year 2025, the company achieved total revenue of 11.943 billion yuan, up 50.04% YoY; net profit attributable to shareholders of the publicly listed firm reached 206 million yuan, up 181.61% YoY. Entering 2026, Great Power's performance continued its high growth trajectory. According to its Q1 financial data, the company achieved total revenue of 4.768 billion yuan, up 182.14% YoY. The company's energy storage business shipments and revenue both grew QoQ, demonstrating strong growth resilience, with Q1 profit alone already surpassing the full-year figure of last year. Great Power's 2025 performance growth momentum stemmed from the synergistic contribution of three major businesses — energy storage, consumer, and power battery : The energy storage business, leveraging its leading product competitiveness and global expansion advantages, became the core growth engine; The consumer battery business consolidated its fundamental position, maintaining steady operations; The power battery business focused on differentiated niche segments, continuously broadening incremental space, forming a well-balanced development pattern. Meanwhile, based on its three-year capacity plan and R&D progress of downstream popular products, the company expects its capacity utilization rate to stay high over the next three years, with performance expected to maintain strong growth momentum. Impressive Household ESS Performance: Battery Cell Shipments Ranked Second Globally, User-Side ESS Ranked Top Two in China As one of the earliest industry leaders in China to enter the ESS sector, Great Power has achieved remarkable results in the household ESS field. In 2025, the company's household ESS battery cell shipments ranked second globally , and its user-side ESS shipments ranked top two in China and top five worldwide ; in the commercial and industrial segment, ESS shipments ranked top two in China; its full-scenario energy storage deployment yielded significant results. In addition, the company's large-scale overseas energy storage orders achieved breakthrough growth, with full-year 2025 revenue reaching 1.793 billion yuan, up 72.98% YoY, demonstrating clear results from its globalization strategy. ESS Battery Cell QoQ Growth Tops the List, Consolidating Its Position in the Global Tier 1 With undeniable strength, Great Power was shortlisted in the 2026 SMM Global Tier 1 ESS battery cell list, ranking first in terms of QoQ growth in ESS battery cell shipments. The company's ESS battery shipments have remained in the global top eight for multiple consecutive years, with a solid industry position. Production and Sales Boom: Orders Booked Through Q2 2026, Core Energy Storage Lines Operating at Full Capacity As early as the end of 2025, an executive of Great Power stated that the company's overall production and operations were showing positive trend, with all energy storage product lines maintaining full production and sales, and orders booked through Q2 2026. On the core energy storage product manufacturing side, the 314Ah large-scale ESS battery cell line as well as the 100Ah and 50Ah small-scale ESS battery cell lines all operated at full capacity. The company is steadily expanding capacity in line with market demand. Currently, the Phase II plant at the Quzhou base has been completed, with mass production of 587Ah large-capacity battery cells expected in 2026. Orders from domestic clients have already been secured, and ex-China demand is expected to be gradually released in 2027.

[SMM Aluminum Price Weekly Review: Geopolitical Risk Trajectory Remains Uncertain, Destocking Provides Limited Support for Aluminum Prices]