June 5, 2025 News: Today, warrant prices ranged from $75 to $83/mt, with a QP (quality premium) in June. The average price fell by $2/mt compared to the previous trading day. B/L prices ranged from $82 to $114/mt, with a QP in July. The average price remained unchanged from the previous trading day. ER copper (CIF B/L) prices ranged from $38 to $54/mt, with a QP in July. The average price remained unchanged from the previous trading day. Quotations were based on cargoes expected to arrive in mid-to-late June. The market was sluggish during the day, with buyers' counter-offers remaining low and offers scarce. Both buyers and sellers were inactive. Inventories in bonded zones stopped falling and rebounded during the week, while warrant prices continued to decline. It was heard that among traders, domestic pyrometallurgy B/L offers were around $80 in mid-June, with transactions concluded at $75-80, QP in July. General pyrometallurgy offers were at $120-150, with QPs in both June and July. Some CME-registered brands were traded at $150-220, QP in July. It was heard that three-row B/Ls for cargoes arriving in June were offered at $300, QP in July, but the price spread was too large, and transactions were difficult to replicate. Domestic warrants were offered at around $70-80, with buyers' counter-offers at $40-60, but no transactions were heard of, QP in June-July. EQ B/Ls for cargoes arriving in mid-June were offered at $40, QP in July, with buyers' counter-offers heard to be in the single digits. The large price spread made transactions difficult. Overall, both supply and demand in the market were weak, and the price spread was too fragmented.

June 4, 2025 News: Today, warrant prices ranged from $76 to $86/mt, with a QP (Quantity Period) in June. The average price fell by $4/mt compared to the previous trading day. B/L (Bill of Lading) prices ranged from $82 to $114/mt, with a QP in July. The average price fell by $2/mt compared to the previous trading day. EQ copper (CIF B/L) prices ranged from $38 to $54/mt, with a QP in July. The average price fell by $7/mt compared to the previous trading day. Quotations referenced cargoes expected to arrive in mid-to-late June. The market remained fragmented during the day, with significant differences between buyers and sellers. Premiums varied significantly among brands. Affected by the deterioration of the SHFE/LME price ratio, some smelters chose to expand their export scale opportunistically. Domestic warrant and B/L prices continued to fall, with EQ B/L premiums almost collapsing. It was heard that domestic pyrometallurgy ER copper B/L offers from traders in mid-June were around $85, with transactions concluded at $75-80, QP in July. General pyrometallurgy offers were at $120-140, with QPs in both June and July. Domestic warrant offers were around $70-80, with buyer counteroffers at $40-60, but no transactions were heard, QP in June and July. EQ B/L offers for cargoes expected to arrive in mid-June were at $40-60, QP in July, with buyer counteroffers at $20-30 and sporadic transactions heard. Overall, the market continued the trend from yesterday. Due to the poor SHFE/LME price ratio, buyers' purchase willingness was weak, but there was still a bullish sentiment towards forward premiums. Some traders chose to purchase at lower prices.

Lotte Aluminium Materials USA LLC and SMS group have joined forces in a strategic partnership to revolutionise the production of ultra-thin aluminium cathode foils for electric vehicle batteries.

[SMM Analysis: What Are the Impacts of the Negative Era of Spot Copper Concentrate TCs?] On January 24, 2025, the SMM Imported Copper Concentrate Index (weekly) stood at -$2.2/mt, marking the second time since May 2024 that the TC value has turned negative. Unlike previous instances where the TC dipped below zero temporarily, this time it is highly likely to be a long-term situation.

June 16-17, Hyatt Regency Bangkok Sukhumvit, Bangkok, Thailand In recent years, Southeast Asia has gradually emerged as a crucial link in the global automotive industry, leveraging its unique geographical advantages, abundant resources, and vast consumer market, which harbor rich supply and demand opportunities. As a regional leader, Thailand has attracted the attention of numerous Chinese NEV manufacturers. Since 2012, SAIC has collaborated with the Charoen Pokphand Group to establish a production site in Thailand, followed by the subsequent entry of Chinese automakers such as Great Wall Motor, BYD, and Neta Auto into the market. Meanwhile, power battery enterprises like Gotion High-tech and SVOLT Energy Technology, as well as parts companies like Exceed Precision, have also set up factories in Thailand, further promoting the coordinated development of the industry chain. Against this backdrop, the 2025 SMM 2nd Southeast Asia Automotive Supply Chain Conference will be held in Bangkok. We sincerely invite industry elites to jointly explore these challenges and opportunities and work together to drive the prosperity and development of the automotive industry in Southeast Asia and beyond. At this significant juncture, Press Metal International Ltd. will attend the conference as an exhibitor. We cordially invite industry peers, both new and old, to participate in the 2025 SMM Southeast Asia (Thailand) Automotive Supply Chain Conference. Click on the registration form to register immediately. We look forward to meeting you at the conference and jointly promoting the healthy and sustainable development of the automotive industry! Booth No.: A09 Press Metal International Ltd. boasts a production capacity of 230,000 mt for aluminum extrusion processing. It owns manufacturing subsidiaries such as PMB Aluminium, PMB Yixin, and PMBAlu-minium Sdn. Bhd. (PMBA), as well as overseas sales and service offices in the UK, Australia, the US, Malaysia, Vietnam, and other locations, providing one-stop aluminum extrusion processing solutions to global customers. The Press Metal International industry chain encompasses alloy R&D, mold design and development, aluminum billet melting and casting, extrusion, surface treatment, and precision processing. It can develop 1-series, 5-series, 6-series, and 7-series alloy materials, produce various special-shaped large-section extrusions, and meet the product application needs of multiple industries, including automotive lightweighting, marine engineering and shipping, and 3C electronics. The company adopts standardized management and third-party evaluation systems, having successively introduced the ISO9001 quality management system, ISO14001 environmental management system, ISO45001 occupational health and safety management system, ISO50001 energy management system, established an engineering center and a nationally recognized laboratory, and introduced digital management systems such as SAP/MES/QMS/WMS, providing a solid foundation for sustainable business development. Meanwhile, the company has established corresponding quality management systems tailored to the needs of different industries, such as IATF16949 for the automotive sector and certifications from six major classification societies (China, Japan, UK, France, US, Norway) for the shipping sector. Conference Contact Person Lou Kexin loukexin@smm.cn

Hosted by Shanghai Metals Market (SMM), CLNB 2025 (10th) New Energy Industry Expo will be held from April 16 to 18, 2025 at Suzhou International Expo Center . During the exhibition, 1 main forum and 11 sub-forums will be held, with government leaders, academicians from the Chinese Academy of Sciences and Chinese Academy of Engineering, domestic and overseas scientists, foreign guests from dozens of countries, and leading entrepreneurs from various industries attending the event! Witness the gathering of industry leaders, discuss core technologies, listen to experts' insights, interpret market trends, gather in Suzhou, focus on key issues, and join us in dissecting industry development. This expo covers 6 major exhibition areas , with 1,300+ domestic and overseas exhibiting and participating companies showcasing the entire industry chain of batteries, including power batteries, consumer batteries, ESS, raw materials, materials, equipment, battery recycling, as well as NEVs, power tools, electric drives, and low-altitude economy in the power exhibition area, providing you with a one-stop exhibition experience. Click to fill out the registration form and register immediately to discuss the future development of the new energy industry with industry elites. We look forward to your arrival and joining SMM in opening this feast of the new energy industry. At this New Energy Industry Expo, Jiangxi Fengxing Chemical Co., Ltd. will make a grand appearance, discussing industry cooperation, sharing development opportunities, and jointly painting a bright blueprint for the new energy industry with peers. Jiangxi Fengxing Chemical Co., Ltd. Booth Number: G63 cordially invites you to visit the CLNB 2025 New Energy Industry Expo About • Fengxing Chemical Innovation-Driven • Quality First • Technology-Enabled Jiangxi Fengxing Chemical Co., Ltd. was established in 1982 and is now located in the Shanggao High-Tech Industrial Park near the S38 Expressway and National Highway 320, 110 kilometers from the provincial capital Nanchang, 8 kilometers from the Da-Guang Expressway, adjacent to the Beijing-Kowloon Railway, with convenient transportation and advanced communication. Over the past 30 years, the company has focused on technological advancement, achieving rapid business growth. It has two production sites: the headquarters and the first production site are located at No. 37 Jinxiu East Road, Shanggao High-Tech Industrial Park, covering 70,000 m², with an annual production of rare earth and rare metal extractants P204: 5,600 mt, P507: 12,000 mt; the second production site is located at Huangjindui Industrial Park, Huangjin South Avenue, Shanggao High-Tech Industrial Park, covering 73,333.3 m², with an annual production capacity of 64,000 mt of rare earth and rare metal extractants, including 20,000 mt of P-507 extractant, 15,000 mt of P-204 extractant, 5,000 mt of C-272 extractant, 18,000 mt of TBP extractant, 1,000 mt of T-BAMBP extractant, 2,000 mt of N235 extractant, 1,000 mt of FX231 Ni-Co-Mn extractant, and 2,000 mt of refined naphthenic acid extractant. The company has over 300 employees and is a garden-style factory with complete environmental protection facilities, now the largest rare metal extractant production and supply base in China. With advanced production processes, the product quality reaches international standards, and "Fengxing Chemical" has become a well-known brand in the extractant industry both domestically and overseas, exporting products to Germany, Belgium, Japan, South Korea, South Africa, Malaysia, Vietnam, DRC, Congo Republic, and Indonesia. The company has passed the QES management system and always adheres to scientific innovation and management. Following the business philosophy of people-oriented and honest operation; adhering to the enterprise spirit of continuous innovation and pursuit of excellence; relying on advanced equipment and strong technical capabilities; and insisting on the management model of pursuing excellence and safety first. The company strives to become a resource-saving, environmentally friendly, integrated production, R&D, and technical service company, committed to creating higher value and providing better services for domestic and overseas customers. Contact Information Jinming Ouyang, Chairman 13707957169 Jijun Xiao, Sales Manager 18270591539 Sumin Gan, Sales Manager 13698092265 Tao Liu, Sales Manager 15727559338 【CLNB 2025—Hot Registration】 CLNB 2025 (10th) New Energy Industry Expo April 16 to 18, 2025 Suzhou International Expo Center