Recently, the local government released the EIA public notice for the waste power battery regeneration project. The project involves a total investment of RMB 137 million, located in Hangzhou Jiande High-tech Industrial Park. It consists of newly built dry process workshop, wet process workshop, comprehensive warehouse, and solid waste warehouse, adopting advanced domestic process technologies and equipping with discharging systems, pyrolysis furnaces, leaching kettles, impurity removal kettles, etc. Upon completion, it will achieve an annual processing capacity of 15,000 tons of waste power batteries and 10,000 tons of LFP battery black mass.

Recently, the official website of Zhuzhou Economic Development Zone in Hunan Province released information regarding a pre-approval public notice for the environmental impact report of the annual 10,000-ton lithium battery material production line recycling renovation project of Hunan Leaguer Group Co., Ltd. The project is located at No. 1728, Changlong Road, Zhuzhou Economic Development Zone, Hunan Province. The project will utilize existing factory buildings for renovation. It involves retrofitting the existing ternary precursor cathode material production line 1 (5,000 t/a) by adding a nickel-cobalt-manganese mixed metal dissolution and impurity removal process; converting the existing 5,000 t/a iron phosphate production line into ternary precursor cathode material production line 2 (5,000 t/a); trial production of ternary precursor cathode materials will continue to rely on the existing pilot-scale line; simultaneously, the treatment measures for production exhaust gas, wastewater, and solid waste will be renovated.

SMM June 24 News: Driven by the demand for coordinated development of quality inspection and market services in the non-ferrous industry chain, on June 23, a delegation led by Zhou Bo, Vice President of SMM Information & Technology Co., Ltd. (SMM), Long Huachen, General Manager of the South China Office, and Lin Jiazhi, Business Manager of the Copper Division, visited the CCIC Southwest Region Fangchenggang Area Company for exchanges. They were warmly received by Huang Lu, General Manager of the CCIC Southwest Region Fangchenggang Area Company, Liang Cuirong, Marketing Manager of the CCIC Southwest Region Fangchenggang Area Company, Ye Lingling, Deputy Director of the Mineral Products Laboratory of the Technical Center, and Huang Zhisheng, Deputy Director of the Environmental Laboratory of the Technical Center. During the cordial discussions, leveraging SMM's global non-ferrous industry big data, authoritative spot benchmark pricing, futures and spot industry services, and entire industry chain resource advantages, the two parties conducted in-depth discussions on core topics such as non-ferrous mineral inspection, commodity quality inspection, futures delivery inspection, and upstream and downstream industry chain collaborative services. They fully exchanged views on mineral product inspection standards, quality inspection support for cross-border commodity trade, futures delivery compliance inspection, and the integration of industry data and inspection services. This visit opened up channels for cooperation between industry information, trade circulation, and third-party quality inspection, laying a solid foundation for the two sides to continuously deepen industry mutual trust, complement each other's resources, and achieve mutual benefit and win-win outcomes. Introduction to CCIC Southwest Regional Company China Inspection and Certification Group (abbreviated as China Certification & Inspection Group, with English abbreviation CCIC) is a central state-owned enterprise established with the approval of the State Council and managed by the State-owned Assets Supervision and Administration Commission of the State Council. It is a comprehensive quality service organization with "inspection, testing, certification, standards, and metrology" as its main businesses. Founded in 1980, it owns three major brands: CCIC, CQC, and CAERI. CCIC Southwest Regional Company (hereinafter referred to as "Southwest Regional Company") is one of the eight regional companies directly managed by CCIC in China. It comprises five provincial-level companies, namely Guangxi Company, Yunnan Company, Sichuan Company, Chongqing Company, and Guizhou Company, as well as four area companies, including Fangchenggang, Qinbei, Border, and ASEAN. It has established six functional departments, five business divisions, and one business support department. Southwest Regional Company's service network covers the major ports and cargo distribution centers in the five provinces (autonomous regions and municipalities) of Guangxi, Yunnan, Sichuan, Chongqing, and Guizhou, as well as in the four countries of Vietnam, Laos, Myanmar, and Cambodia. Its business scope encompasses the three major industries of agriculture, industry, and services, touching upon all sectors of the national economy and all aspects of people's livelihood. In fields such as commodity trade, enterprise management improvement, agricultural and food safety, ecological environment monitoring, environmental protection technical consulting and assessment, pest control, instrument and equipment metrological calibration, lightning protection detection, traceability, e-commerce platform construction, safety assessment, and occupational health detection and assessment, it provides "one-stop" comprehensive quality services. It is one of the largest and most powerful third-party inspection, testing, and certification organizations in south-west China. The Southwest Regional Company has an independent and comprehensive laboratory system, comprising 14 specialized technical laboratories in China and 3 overseas laboratories, with a total area of approximately 22,000 m², equipped with around 2,300 sets of precision instruments and equipment. It has accumulatively obtained over 18,700 nationally and locally recognized and accredited items, including CMA and CNAS. Its detection capabilities cover multiple fields such as minerals and alloys, fertilizers, coal and coke, petrochemicals, chemical products, food and agricultural by-products, water and wastewater, air and exhaust gas, soil, solid waste, seawater, marine sediment, marine organisms, biological residues, noise, vibration, metrology, lightning protection, electronics and electricals, and software testing. Internationally, it is a designated metal analysis and detection laboratory for the London Metal Exchange (LME) in the UK, a petrochemical product detection laboratory recognized by the Mexican Ministry of Energy, and the first laboratory in China to pass a second-party audit by BP and be designated by the company. Domestically, it is a designated sugar quality inspection agency for the Zhengzhou Commodity Exchange; the designated detection laboratory for the coal futures delivery warehouse in Fangchenggang of the Zhengzhou Commodity Exchange; a designated quality inspection agency for silicon metal of the GFEX; a designated arbitration and detection laboratory for minerals and alloys appointed by multiple industry leaders in and outside China; and the Central Laboratory for Mineral Products of China Inspection & Testing Group (CCIC). As the only laboratory within CCIC qualified for identifying the solid waste properties of imported and exported metal mineral products and detecting rare earth ores and compounds, the company holds a significant technical advantage in related fields. (Some qualification certificates of the Southwest Regional Company) To date, the Southwest Regional Company has undertaken or participated in over 40 science and technology projects at the national, provincial, and municipal levels; led or participated in the formulation and revision of over 260 international, national, industry, and group standards; holds 3 invention patents, nearly 30 utility model patents, and 41 software copyrights; has received 13 science and technology awards at the provincial and ministerial level or above; has cooperated with universities, research institutes, and enterprises to build 7 key platforms in fields such as petrochemicals, food and agricultural by-products, and minerals and alloys; and its subordinate units have been recognized as a new-type R&D institution, an enterprise with an IP advantage cultivation program, a strategic emerging industry enterprise, and have received many other designations including key laboratory and engineering technology research center. The Southwest Regional Company earnestly fulfills the responsibilities of a central state-owned enterprise and has successively received over 40 honorary titles, including 'National Civilized Unit', 'AAA-Level Credit Enterprise in China Enterprise Credit Evaluation', National High-Tech Enterprise, and Service Industry Leader Enterprise of Nanning City. (Part of the honors of Guangxi Company) Looking ahead, the Southwest Regional Company will continue to base itself in the southwest, serve the whole country, radiate out to ASEAN, and face the world. It is expected to play a greater role in the new journey of high-quality development, striving to contribute to CCIC's effort of building itself into a 'world-class inspection, testing, and certification group with the highest credibility'. In 2026, against the backdrop of the ongoing global green transition and the continued advancement of the “dual-carbon” goals, the nonferrous metals industry is accelerating its shift toward low-carbon, intelligent, and high-end development. As a major nonferrous metals industry cluster in China, South China features a well-developed downstream processing system, abundant reserves of recycled resources, and strong policy support. Leveraging South China’s unique industrial foundation and the new landscape of industry development, to ensure the precise implementation of industry development-related policies, address key pain points in industry development, and build a bridge for resource connectivity across the entire industry chain, the hosted by SMM will be grandly held in September 9–11, 2026 in Nanning, Guangxi . Focusing on key topics such as metal price trends, the medium and long-term market landscape, cross-border trade dynamics, interpretation of industrial policies, and innovation in low-carbon green processes, the conference will conduct in-depth discussions, aiming to build an efficient and authoritative platform for industry exchange and cooperation, empower enterprises in technological innovation and green transformation, help industry participants seize market opportunities and calmly respond to development challenges, and jointly promote the high-quality advancement of China’s nonferrous metals industry. We sincerely invite colleagues from all sectors across the nonferrous entire industry chain to gather in Nanning to discuss new opportunities for industry development and jointly chart a long-term path for coordinated development of the industry chain! SMM Contact : Lin Jiazhi: 15017566696

SMM June 9 News: In the metals market, as of the midday close, domestic base metals fell near across the board. SHFE lead dropped 1.86%, SHFE tin declined 1.86%, SHFE nickel lost 2.33%, SHFE copper edged down, SHFE aluminum fell 0.52%, and SHFE zinc shed 0.38%. Additionally, the most-traded cast aluminum futures contract dipped 0.41%, while the most-traded alumina contract edged down. The most-traded lithium carbonate contract rose 0.32%, the most-traded silicon metal contract slid 2.41%, and the most-traded polysilicon futures contract tumbled 4.04%. Ferrous metals all fell. Iron ore dipped 0.39%, rebar fell 0.47%, hot-rolled coil declined 0.71%, and stainless steel dropped 1.67%. Coking coal and coke: the most-traded coking coal contract plunged 7.48%, hitting the limit-down price of 1,340.5 yuan/mt during the session; the most-traded coke contract slumped 4.31%. In the overseas base metals market, as of 11:46 am, LME metals moved lower across the board. LME copper edged down 0.19%, LME aluminum fell 0.65%, LME lead dropped 0.25%, LME zinc slipped 0.35%, LME tin shed 0.73%, and LME nickel lost 1.01%. In precious metals, as of 11:46 am, COMEX gold edged down 0.1% and COMEX silver fell 1.13%. Domestically, the most-traded SHFE gold contract dipped 0.2%, and the most-traded SHFE silver contract dropped 1.93%. Additionally, as of the midday close, the most-traded platinum futures contract fell 0.99%, and the most-traded palladium futures contract shed 0.33%. At the midday break, the most-traded container freight futures (Europe) contract rose 0.61% to 3,865 points. As of 11:46 am on June 9, selected futures midday quotes: Spot and Fundamentals Copper: Today, spot #1 copper cathode in Guangdong against the front-month contract: high-quality copper quoted at 110 yuan/mt, up 50 yuan/mt from the previous trading day; standard-quality copper quoted at a premium of 70 yuan/mt, up 80 yuan/mt from the previous trading day; SX-EW copper quoted at a premium of 10 yuan/mt, up 70 yuan/mt from the previous trading day. The average price of Guangdong #1 copper cathode was 104,275 yuan/mt, up 330 yuan/mt from the previous trading day, and the average price of SX-EW copper was 104,195 yuan/mt, up 335 yuan/mt. Spot market: Guangdong inventories continued to decline today, marking six consecutive sessions of draws... Macro Front China: [General Administration of Customs: China's Goods Trade Imports and Exports Grew 15.3% YoY in the First Five Months, with Electromechanical Product Exports Up 18.4%] According to customs statistics, in the first five months of 2026, China's total goods trade import and export value reached 20.68 trillion yuan, up 15.3% YoY (the same hereinafter). Specifically, exports reached 11.91 trillion yuan, up 11.8%; imports were 8.77 trillion yuan, up 20.5%. In May, China's total merchandise trade import and export value reached 4.45 trillion yuan, up 16.9%. Of this, exports were 2.59 trillion yuan, up 13.8%; imports were 1.86 trillion yuan, up 21.5%. In terms of key commodities, on the export side, in the first five months, China's exports of mechanical and electrical products amounted to 7.58 trillion yuan, up 18.4%; labour-intensive products reached 1.61 trillion yuan, down 3.1%; and agricultural products totalled 300.79 billion yuan, up 1.6%. On the import side, in the first five months, China imported 3.54 trillion yuan worth of mechanical and electrical products, up 25.3%; 218 million mt of crude oil, down 4.8%; and 618.16 billion yuan worth of agricultural products, up 7.6%. [Ministry of Commerce Holds Symposium on Solid Waste Recycling for PV, Lithium-ion Battery and NEV] On June 5, the Ministry of Commerce held a symposium on solid waste recycling for PV, lithium-ion battery and NEV. The meeting emphasized the need to align thoughts and actions with the decisions and plans of the CPC Central Committee and the State Council, adopt multiple measures, and take concrete actions to advance the construction of the solid waste recycling system for PV, lithium-ion battery and NEV. It called for systematic advancement and synergy, accelerating the improvement of top-level institutional design, promoting the issuance of policy documents, and forming a working pattern featuring policy coordination, resource sharing, complementary advantages, and integrated progress. It urged targeted guidance and category-specific policies, adopting differentiated and precise measures based on the development stages and recycling characteristics of power batteries, PV modules, and wind turbine equipment, to effectively resolve dismantling issues in recycling. It stressed technology-led and technology-empowered approaches, actively promoting basic R&D on technologies related to solid waste recycling for PV, lithium-ion battery and NEV, and facilitating the integration and application of AI in the recycling process. It emphasized pilot exploration and encouraging pioneers, continuing pilot work on building a renewable resource recycling system, encouraging industrial clusters and industry leaders to take the lead in trials, improving recycling efficiency, enhancing sorting capacity, and promoting high-quality development of the recycling industry. (From Wall Street CN APP) [Two Departments Jointly Launch 2026 Humanoid Robot and Embodied AI Real-Scenario Training Special Action] The Ministry of Industry and Information Technology and the State-owned Assets Supervision and Administration Commission of the State Council jointly launched the 2026 Humanoid Robot and Embodied AI Real-Scenario Training Special Action. Adhering to application-driven approaches, they will target key scenarios in industrial, special, and service fields, and promote key tasks such as the construction of real-scenario training spaces, cultivation of innovative application consortia, tackling of operational skills, and application deployment verification. Through real-scenario training, they will continuously optimize embodied AI model algorithms, accumulate high-quality real-machine data, improve the performance of key robot body components, and explore the establishment of full life-cycle management and assurance mechanisms for humanoid robots and embodied AI products. By the end of 2026, key products such as humanoid robots will have taken the lead in completing application verification and routine deployment across a range of representative scenarios, entering an "operational mode"; over 100 high-value application scenarios will be condensed and formed, further enriching the embodied AI application spectrum and driving the deployment capabilities on a scale of tens of thousands of units. (From Wall Street Insights app) [PBOC open market operations achieved a net injection of 152.8 billion yuan today.] PBOC conducted 153 billion yuan of 7-day reverse repo operations today, and as 200 million yuan of 7-day reverse repos matured today, a net injection of 152.8 billion yuan was achieved. (Gold Ten Data APP) On the dollar front: As of 11:46, the US dollar index fell 0.02% to 99.08. The market is waiting for the US inflation data to be released on Wednesday, which will affect expectations for the Fed's June rate decision. According to CME "FedWatch": the probability that the Fed will keep interest rates unchanged in June is 98.1%, and the probability of a cumulative 25bp rate cut is 1.9%. For the July meeting, the probability of keeping rates unchanged is 84.7%, the probability of a cumulative 25bp rate hike is 13.6%, and the probability of a cumulative 25bp rate cut is 1.6%. (Gold Ten Data APP) Morgan Stanley strategists said in a report that if risk appetite rebounds and the Fed avoids raising rates, the US dollar could weaken in the coming months. They noted that in the absence of higher interest rates, positive risk sentiment is negative for the dollar. However, they said that if the US economy outperforms others, leading to larger rate hikes than in other countries, the dollar would fare better. "Given that both the ECB and the BOJ are expected to raise rates this month, narrowing rate differentials should fuel a rise in risk appetite, thereby putting pressure on the dollar." (Gold Ten Data APP) On the data front: Today will see the release of Germany's April seasonally adjusted industrial output m/m, Germany's April seasonally adjusted trade balance, the US May NFIB Small Business Optimism Index, the US weekly ADP employment change for the week ending May 23, the US April trade balance, the US May existing home sales annualized, and the US April wholesale sales m/m, among other data. In addition, attention should be paid to Apple's WWDC developer conference, which runs through June 13. On the crude oil front: As of 11:46, oil prices in both markets declined, with WTI down 1% and Brent down 0.83%. The phased easing of the Iran-Israel situation has pulled back oil prices, reflecting some relief in market concerns over Middle East supply risks. However, the market remains cautious in its assessment of the situation. Whether energy transit through the Strait of Hormuz can be substantially restored remains a key focus for traders. A small number of commercial vessels returned to the waterway last weekend, but risks persist, with some ships even sailing with their digital transponders turned off. (Wall Street CN) The US Department of Transportation said on Monday that rising jet fuel prices, driven by the Middle East situation, caused US airlines' fuel costs in April to surge 78% compared to the same period last year, reaching nearly $6.5 billion. In its monthly report, the department stated that airlines' fuel costs rose 26% from March, while fuel consumption in April fell 2.6% from March. The department added that the cost per gallon of fuel in April was $4.11, up $1.81 from April 2025, a trend that is already having an impact on the industry. The International Air Transport Association (IATA) expects airlines' fuel expenditure to jump from about $252 billion in 2025 to approximately $350 billion this year, with fuel costs accounting for nearly one-third of operating costs. (Jin10 Data APP) Spot Market at a Glance: ► ► ► ► ► ► ► ► ► ►

On June 3, it was reported that Hong Kong's first large-scale recycling facility for decommissioned electric vehicle batteries will officially commence production in June 2026. The facility will process waste power batteries into regenerated black mass, achieving the resourceful reuse of waste materials. According to estimates from the Environmental Protection Department, the quantity of decommissioned electric vehicle batteries generated in Hong Kong will increase year by year, growing from approximately 1,300 metric tons in 2026 to 6,700 metric tons by 2030. The locally planned producer responsibility scheme for electric vehicle batteries is evaluated to generate an annual economic added value of approximately 66 million Hong Kong dollars and create over 100 full-time jobs in the local solid waste recycling sector. Currently, there are five licensed enterprises in Hong Kong qualified to dispose of automotive lithium batteries.

The Qidong Municipal People's Government in Jiangsu Province issued a notice of proposed approval for the technological renovation project of a Nantong company for general industrial solid waste utilization and disposal. After the renovation, the company will have a comprehensive general industrial solid waste disposal capacity of 13,000 tons of waste NMC batteries and 7,000 tons of waste LFP batteries per year, totaling 20,000 tons of battery waste treatment capability.